Kewal Kiran Clothing (KKCL) had a P/E of 17.5× on 6 Nov 2026, above the industry P/E of 17.2×, and the shares are 27% below their 52-week high. Sales and net profit grew 16% and 6.0% a year over 3 years, with ROCE of 18% and ROE of 15%. It carries very little debt, and its dividend yield is 1.0%. It is a small-cap company with a market cap of ₹2,571 Cr, ranked 10th of 61 Apparel Manufacturing companies by market cap; the shares fell 16% over the past year.
- ₹443.70
- ₹443.70
- ₹416.25
- ₹438.15
- 59.5K
Health check
- ReturnsBehind
−15.5% over a year, better than 2 of 7 peers.
- Price tagIn line
P/E 17.5 vs industry 17.2.
- GrowthSteady
Sales +15.8%, profit +6.0% a year over 3 years.
- ProfitabilityAverage
ROCE 17.6% vs peer median 20.1%.
- Balance sheetSolid
Debt 0.10× equity, interest covered 17.1×, Piotroski 8 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹2,571 Cr
- Small cap
- P/E
- 17.5
- Industry 17.2
- Price to book
- 2.58
- Peers 5.48
- Dividend yield
- 0.96%
- ROE
- 14.8%
- Peers 20.0%
- ROCE
- 17.6%
- Peers 20.1%
- Debt to equity
- 0.10
- Debt ₹118 Cr
- EPS (TTM)
- ₹23.87
- Face value ₹10
- OPM (TTM)
- 19.4%
- Net margin 11.9%
- Sales growth
- +19.2%
- Latest quarter vs a year ago
- Profit growth
- +22.6%
- Latest quarter vs a year ago
- Price to sales
- 2.02
- EV/EBITDA 10.4
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 22.6% on a year ago.
- Quarterly sales up 19.2% on a year ago.
- Positive operating cash flow in each of the last 4 years.
About Kewal Kiran Clothing
Kewal Kiran Clothing Limited manufacturing, marketing, and retailing of branded readymade garments and finished accessories in India and internationally. It offers jeans, shirts, trousers, t-shirt, and other products; and winterwear under the Killer, Easies, Lawman, junior killer, Kraus, Integriti, and Desi Belle brand names. The company distributes its products through exclusive brand outlets, large-format stores, multi-brand outlets, and e-commerce…
- Headquarters
- Mumbai
- Employees
- 1,868
- Sector
- Consumer Cyclical
- ISIN
- INE401H01017
- Website
- kewalkiran.com
Price range
- Avg volume (3M)
- 35K
- 1-year return
- minus 15.5%
- From 52-week high
- minus 26.6%
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% |
| KKCLKewal Kiran Clothing | 417.20 | minus 4.78% | 2,571 | 17.5 | 2.58 | 17.6% | 14.8% | 19.4% | 15.8% | 6.0% | 0.96% | minus 15.5% |
| 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 | Mar 25 | Jun 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 288 | 234 | 301 | 324 | 279 | |
| – | – | – | +12.4% | +19.2% | |
| 236 | 192 | 238 | 262 | 225 | |
| 52.1 | 42 | 63 | 61.7 | 54 | |
| 18.1% | 17.9% | 20.9% | 19.1% | 19.4% | |
| 2.7 | 14 | 3.2 | −0 | 13 | |
| 3.6 | 4 | 3.8 | 3.1 | 3 | |
| 10.4 | 11 | 11.3 | 11.6 | 13 | |
| 41 | 41 | 51.1 | 47.1 | 51 | |
| 26.2% | 22.0% | 25.8% | 26.6% | 19.6% | |
| 29.1 | 31 | 34.2 | 31 | 38 | |
| – | – | – | +6.4% | +22.6% | |
| 4.73 | 5.08 | 5.54 | 5.03 | 6.01 |
Profit & loss
- Sales CAGR 3Y
- +15.8%
- Profit CAGR 3Y
- +6.0%
- EPS CAGR 3Y
- +6.0%
- ROE
- 14.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 774 | 855 | 998 | 1,204 | |
| – | +10.5% | +16.7% | +20.7% | |
| 621 | 666 | 807 | 966 | |
| 153 | 190 | 191 | 238 | |
| 19.8% | 22.2% | 19.1% | 19.8% | |
| 1.5 | 4.4 | 4.8 | 4.1 | |
| 4.2 | 4 | 9.3 | 12.6 | |
| 8.7 | 10.4 | 32.2 | 44.3 | |
| 15.4 | 19.5 | 43.6 | 17.4 | |
| 157 | 199 | 198 | 203 | |
| 24.1% | 22.7% | 24.5% | 24.9% | |
| 119 | 154 | 144 | 142 | |
| – | +29.5% | minus 6.2% | minus 1.8% | |
| 19.31 | 25.00 | 23.44 | 23.03 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 61.6 | 61.6 | 61.6 | 61.6 | |
| 485 | 614 | 758 | 876 | |
| 66 | 19.7 | 164 | 128 | |
| 204 | 142 | 442 | 430 | |
| 817 | 837 | 1,426 | 1,497 | |
| 111 | 117 | 236 | 267 | |
| 3.7 | 1.1 | 7.2 | 11.7 | |
| 9.7 | 0.3 | 60.7 | 33.4 | |
| 297 | 372 | 278 | 312 | |
| 395 | 347 | 844 | 872 | |
| 817 | 837 | 1,426 | 1,497 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 75.1 | 136 | 13.7 | 183 | |
| −17.9 | −10 | −184 | −28.3 | |
| −52.4 | −66.4 | −19.9 | −50.6 | |
| 4.8 | 59.5 | −191 | 104 | |
| −24 | −9.6 | −85.2 | −20.7 | |
| 51.1 | 126 | −71.5 | 163 | |
| −49.3 | −24.6 | – | −25.2 |
Shareholding pattern
- Promoters74.29%
- Public25.71%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 74.29% | 25.71% | 0.00 | |
| 30 Jun 2026 | 74.29% | 25.71% | 0.00 | |
| 31 Mar 2026 | 74.29% | 25.71% | plus 0.02 | |
| 31 Dec 2025 | 74.27% | 25.73% | 0.00 | |
| 30 Sep 2025 | 74.27% | 25.73% | – |
Major shareholders
Filings & events
News
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