Kitex Garments Limited

Kitex Garments Limited (KITEX) is a micro-cap Textiles company valued at ₹2,440 crore operating in Garments & Apparels on the NSE and BSE.

Recent price move

Kitex Garments Limited last traded at ₹116.35, modestly down 0.11% on the day.

Recent developments

On 2026-09-18, the company announced a dividend of ₹0.50 per share, with the ex-date set for that date. Promoter holding remained at 56.66% as of 2026-06-30, while foreign institutional holding increased by 0.33 percentage points to 1.21%.

Financial performance

The company's business has deteriorated, with annual revenue falling 32.2% to ₹667 crore and annual net profit swinging to a loss of ₹13 crore. The latest quarter saw revenue decline 19.6% year-on-year to ₹158 crore, while net profit turned to a loss of ₹17 crore, reversing a profit of ₹19 crore in the same quarter a year earlier.

Valuation multiples

The stock trades at 387.8 times earnings, 2.42 times book value. It yields 0.4%.

Things to watch

The company reported a net loss of ₹13 crore in its latest financial year, with net profit margin at -2.0%, down 15.8 percentage points from the prior year. Revenue growth has slowed, with a 3-year CAGR of 6.2% and a 5-year CAGR of 8.0%, while net profit has swung from a profit of ₹57 crore to a loss of ₹13 crore over the past three years.

Where it stands

The company is currently reporting losses, with net profit at ₹17 crore loss in the latest quarter and a net loss of ₹13 crore in the latest financial year. The stock is 49.9% below its 52-week high, and the business has seen a sharp decline in profitability, with net profit margin at -2.0%.

Summarised by DocStoX's model on 2026-10-04 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.