As of 6 Nov 2026, Kitex Garments is loss-making on a trailing 12-month basis, with a net loss of ₹24 Cr, so it has no P/E ratio. The share price is ₹134.02, 42% below its 52-week high. Sales grew 5.8% a year over 3 years. Debt is 0.97× equity, and its dividend yield is 0.4%. It is a small-cap company with a market cap of ₹2,674 Cr, ranked 9th of 61 Apparel Manufacturing companies by market cap; the shares fell 32% over the past year.
- ₹139.00
- ₹139.50
- ₹133.00
- ₹139.67
- 10.4 L
Health check
- ReturnsBehind
−31.9% over a year, better than 1 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthUnder pressure
Sales +5.8%, profit −53.2% a year over 3 years, but loss-making now.
- ProfitabilityWeak
ROCE 1.9% vs peer median 20.1%.
- Balance sheetStretched
Debt 0.97× equity, interest covered 1.2×, Piotroski 5 of 9.
- Red flags5 to check
Loss-making over the last twelve months.
Small cap
Defensive
Key metrics
- Market cap
- ₹2,674 Cr
- Small cap
- P/E
- n/a
- Industry 17.2
- Price to book
- 2.60
- Peers 5.48
- Dividend yield
- 0.43%
- ROE
- 0.6%
- Peers 20.0%
- ROCE
- 1.9%
- Peers 20.1%
- Debt to equity
- 0.97
- Debt ₹1,199 Cr
- EPS (TTM)
- −₹1.20
- Face value ₹1
- OPM (TTM)
- 0.7%
- Net margin −3.8%
- Sales growth
- −19.5%
- Latest quarter vs a year ago
- Profit growth
- −192.1%
- Latest quarter vs a year ago
- Price to sales
- 4.25
- EV/EBITDA −1395.2
Strengths and risks
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at 0.6%.
- Quarterly profit down 192.1% on a year ago.
- Quarterly sales down 19.5% on a year ago.
- 42% below its 52-week high.
About Kitex Garments
Kitex Garments Limited manufactures and sells fabric and readymade garments for infants and children in India, the United States, and internationally. It also manufactures and exports knitted fabrics and infant garments. Kitex Garments Limited was incorporated in 1992 and is headquartered in Ernakulam, India.
- Headquarters
- Ernakulam
- Employees
- 4,512
- Sector
- Consumer Cyclical
- ISIN
- INE602G01020
- Website
- kitexgarments.com
Price range
- Avg volume (3M)
- 9.2 L
- 1-year return
- minus 31.9%
- From 52-week high
- minus 42.0%
Peers · Apparel Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PAGEINDPage Industries | 35,930.00 | plus 1.15% | 40,076 | 53.0 | 26.67 | 61.5% | 52.5% | 21.4% | 3.8% | 10.2% | 2.23% | minus 11.5% |
| PGILPearl Global Industries | 1,338.80 | 0.00% | 12,368 | 39.9 | 8.46 | 20.1% | 21.2% | 9.0% | 17.5% | 23.0% | 0.54% | plus 105.8% |
| MANYAVARVedant Fashions | 472.80 | minus 6.51% | 11,488 | 29.8 | 5.48 | 22.3% | 20.0% | 44.0% | 1.9% | −4.3% | 1.64% | minus 21.6% |
| GOKEXGokaldas Exports | 682.95 | minus 7.32% | 5,004 | 37.8 | 2.32 | 8.9% | 4.7% | 8.2% | 20.9% | −16.7% | 0.00% | minus 14.5% |
| ABFRLAditya Birla Fashion and Retail | 39.02 | minus 6.61% | 4,748 | – | 0.91 | −3.2% | −12.3% | 8.9% | −13.0% | – | 0.00% | minus 50.3% |
| LUXINDLux Industries | 1,162.40 | plus 0.41% | 3,496 | 34.1 | 1.86 | 9.3% | 5.9% | 6.4% | 7.2% | −9.9% | 0.17% | minus 7.5% |
| SBCSBC Exports | 68.70 | plus 2.86% | 3,271 | 80.8 | 32.48 | 36.4% | 41.5% | 8.7% | 27.2% | 54.1% | 0.00% | plus 176.0% |
| KITEXKitex Garments | 134.02 | minus 4.05% | 2,674 | – | 2.60 | 1.9% | 0.6% | 0.7% | 5.8% | −53.2% | 0.43% | minus 31.9% |
| Median of 7 peers | – | 0.00% | 5,004 | 38.9 | 5.48 | 20.1% | 20.0% | 8.9% | 7.2% | 2.9% | 0.17% | −11.5% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 197 | 122 | 182 | 166 | 158 | |
| 163 | 138 | 174 | 164 | 148 | |
| 34.2 | −16 | 8.5 | 1.7 | 10.2 | |
| 17.4% | −13.1% | 4.7% | 1.0% | 6.4% | |
| 0.7 | 12.4 | 5 | 34.2 | 7.6 | |
| 3.5 | 8.2 | 12.7 | 20.8 | 13.6 | |
| 3.2 | 8 | 13.2 | 20.2 | 17.6 | |
| – | 17.5 | – | – | – | |
| 28.2 | −2.3 | −12.4 | −5.1 | −13.4 | |
| 31.5% | −170.8% | −37.4% | −81.1% | −28.2% | |
| 20.8 | −1.5 | −9.4 | −3.9 | −19.1 | |
| 1.04 | -0.08 | -0.47 | -0.20 | -0.45 |
Profit & loss
- Sales CAGR 3Y
- +5.8%
- Profit CAGR 3Y
- −53.2%
- EPS CAGR 3Y
- −53.0%
- ROE
- 0.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 528 | 577 | 910 | 626 | |
| – | +9.1% | +57.7% | minus 31.2% | |
| 452 | 474 | 706 | 574 | |
| 76.4 | 103 | 203 | 52 | |
| 14.5% | 17.8% | 22.3% | 8.3% | |
| 41.5 | 10.8 | 15.8 | 27.7 | |
| 4.1 | 6.7 | 13.1 | 43.7 | |
| 21.2 | 20.7 | 15.7 | 44.6 | |
| −13.3 | 0.6 | −0.7 | 17 | |
| 79.3 | 86.7 | 190 | 8.4 | |
| 28.2% | 35.6% | 28.4% | 257.2% | |
| 57.6 | 56.3 | 139 | 5.9 | |
| – | minus 2.1% | +146.3% | minus 95.7% | |
| 2.88 | 2.82 | 6.95 | 0.30 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6.7 | 6.7 | 20 | 20 | |
| 852 | 898 | 1,013 | 1,010 | |
| 25 | 681 | 1,082 | 1,199 | |
| 251 | 339 | 471 | 813 | |
| 1,134 | 1,925 | 2,587 | 3,042 | |
| 657 | 1,320 | 1,841 | 2,229 | |
| 394 | 1,076 | 1,609 | 1,087 | |
| 6.4 | 15 | 9 | 14.9 | |
| 45.5 | 49.8 | 39.4 | 114 | |
| 31.1 | −536 | −912 | −403 | |
| 1,134 | 1,925 | 2,587 | 3,042 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 295 | −38.3 | 54.3 | 346 | |
| −414 | −607 | −455 | −341 | |
| 57 | 650 | 390 | 63.6 | |
| −61.6 | 4.2 | −10.2 | 68.1 | |
| −416 | −617 | −505 | −328 | |
| −121 | −655 | −451 | 17.9 | |
| −10.1 | −10 | −10 | −9.9 |
Shareholding pattern
- Promoters56.66%
- Public43.34%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 56.66% | 43.34% | 0.00 | |
| 30 Jun 2026 | 56.66% | 43.34% | 0.00 | |
| 31 Mar 2026 | 56.66% | 43.34% | 0.00 | |
| 31 Dec 2025 | 56.66% | 43.34% | 0.00 | |
| 30 Sep 2025 | 56.66% | 43.34% | – |
Major shareholders
Filings & events
News
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