# Kewal Kiran Clothing share price today (Kewal Kiran Clothing Ltd, NSE: KKCL)

> Kewal Kiran Clothing share price today: ₹431.70 at the NSE close on 3 November 2026, down 16.9% in a year. Kewal Kiran Clothing (NSE: KKCL) is worth ₹2,662 crore, trades at a P/E of 17.9 and has closed between ₹420.60 and ₹525.60 over the past 52 weeks. > Kewal Kiran Clothing Ltd's share price has fallen more than its earnings. Earnings per share fell 1.7% in a year while the price moved −16.9%. KKCL · Textiles - Readymade Apparel · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/kewal-kiran-clothing-ltd

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: ₹431.70 (−16.9% in a year)
- P/E: 17.9× (lower than 89% of the last 10 years)
- Revenue (Jun 2026): ₹279 Cr (+19.2% on a year ago)
- Profit (Jun 2026): ₹41.0 Cr (+28.1% on a year ago)
- Operating margin: 19.0% (+1.0 points on a year ago)
- ROCE: 17%, FY26
- Profit that came in as cash: 73%, last 3 years

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the Kewal Kiran Clothing share price today? Kewal Kiran Clothing Ltd's share price was ₹431.70 at the close on 3 November 2026. It has been falling for 2 weeks. That is 10.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹421 and ₹526, and at that close it sat 11% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 9 weeks running. Over the last 11 years the share price moved +14% while the NIFTY 500 moved +249%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 4 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Kewal Kiran Clothing this quarter? 1. Revenue up on a year earlier for 8 quarters in a row In the June 2026 quarter revenue was ₹279 crore, +19.2% on a year earlier. Why: Revenue rose because the company grew its retail business and online sales. From the earnings call on 7 Aug 2026. ## What are Kewal Kiran Clothing's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Kewal Kiran Clothing reported revenue of ₹279 crore, up 19.2% from ₹234 crore a year earlier, and a profit of ₹41.0 crore, up 28.1% from ₹32.0 crore. ### Kewal Kiran Clothing results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹279 crore | ₹234 crore | +19.2% |
| Profit | ₹41.0 crore | ₹32.0 crore | +28.1% |
| Earnings per share | ₹6.17 | ₹5.08 | +21.5% |
| Operating margin | 19.0% | 18.0% | +1.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Kewal Kiran Clothing's management discussed these results on a call held on 7 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Kewal Kiran Clothing share price history? Kewal Kiran Clothing closed at ₹431.70 on 3 November 2026, down 16.9% from ₹519.65 a year earlier (31 October 2025) and up 78.5% over five years. Its highest weekly close since March 2016 was ₹790.90 on 24 November 2023. ### Kewal Kiran Clothing share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹420.60 | +2.6% |
| 1 month ago · 1 Oct 2026 | ₹475.65 | −9.2% |
| 6 months ago · 30 Apr 2026 | ₹474.85 | −9.1% |
| 1 year ago · 31 Oct 2025 | ₹519.65 | −16.9% |
| 3 years ago · 3 Nov 2023 | ₹753.65 | −42.7% |
| 5 years ago · 4 Nov 2021 | ₹241.83 | +78.5% |
| 10 years ago · 4 Nov 2016 | ₹363.77 | +18.7% |
| Earliest weekly close in our records · 4 Mar 2016 | ₹378.46 | +14.1% |
| Highest weekly close since March 2016 · 24 Nov 2023 | ₹790.90 | −45.4% |
| Lowest weekly close since March 2016 · 3 Apr 2020 | ₹124.25 | +247.4% |
| 52-week high (weekly close) · 13 Feb 2026 | ₹525.60 | −17.9% |
| 52-week low (weekly close) · 23 Oct 2026 | ₹420.60 | +2.6% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 4 March 2016 to 3 November 2026.)

## What is the latest news on Kewal Kiran Clothing? 3 Nov 2026: Kewal Kiran Clothing closed at ₹431.70, up 2.6% on the week and down 9.2% on the month. Our read, 22 Aug 2026: Revenue compounding at 15-21% annually while profit has been flat for three years, the Kraus acquisition absorbed operating leverage gains; the underlying clean-profit recovery is real but management has walked back five guidance items across four consecutive calls. ### Earlier

- 7 Aug 2026: Kewal Kiran Clothing held its results call for April to June 2026. Management guided: Vision 2028 growth trajectory planned at 20% yearly growth over the next 3 years through organic growth and disciplined, value-accretive acquisitions; acquisitions may not occur every year. - Results for April to June 2026: Revenue up 19.2% and profit up 28.1% on a year earlier. - 14 May 2026: ex-date for an interim dividend of ₹2 a share. - 16 Feb 2026: ex-date for an interim dividend of ₹2 a share. ### Our read of the business

KKCL owns the Killer, Lawman, Integriti, and Kraus apparel brands and is shifting from wholesale to a retail-led model. Revenue grew 21% in FY26 to ₹1,213 crore but reported profit stayed near ₹152 crore, almost unchanged from FY24's ₹154 crore, because other-income spikes in three quarters inflated the FY24/FY25 base and the Kraus acquisition absorbed free cash in FY25 (operating cash flow just ₹14 crore vs profit ₹149 crore). On a clean basis, FY26 profit of roughly ₹147 crore compares to clean FY25 of roughly ₹121 crore, a 21% operational improvement. The concern is management: EBO addition goals have been cut 30-50% without acknowledgment, Vision 2028 shifted from purely organic to 20% yearly growth with inorganic support, Integriti's promised April to June 2026 ramp became 'we are experimenting and have not got the formula right', and standalone growth came in at 12% against a >15% commitment. April to June 2026: Volume surge with clean margin, 19% revenue growth, 28% profit growth, no other-income distortion. (Our read after the April to June 2026 results, written 22 August 2026.)

## What dividend does Kewal Kiran Clothing pay? Kewal Kiran Clothing paid ₹4 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 0.93% at the ₹431.70 close on 3 November 2026. The last was an interim dividend of ₹2 a share, ex-date 14 May 2026. ### Kewal Kiran Clothing dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 14 May 2026 | ₹2 | Interim | same day |
| 16 Feb 2026 | ₹2 | Interim | same day |
| 16 May 2025 | ₹2 | Interim | same day |
| 2 Feb 2024 | ₹2 | Interim | same day |
| 11 May 2023 | ₹2 | Interim | same day |
| 4 Nov 2022 | ₹3 | Interim | 7 Nov 2022 |
| 20 May 2022 | ₹5 | Interim | 23 May 2022 |
| 7 Feb 2022 | ₹4 | Interim | 8 Feb 2022 |
| 11 Nov 2021 | ₹10 | Interim | 12 Nov 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 4 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Kewal Kiran Clothing Ltd paid out 9% of its profit as dividends in FY26, and it paid a dividend in each of its last 12 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Kewal Kiran Clothing management say on the latest results call? On the call for April to June 2026, held on 7 August 2026, Kewal Kiran Clothing's management guided: Vision 2028 growth trajectory planned at 20% yearly growth over the next 3 years through organic growth and disciplined, value-accretive acquisitions; acquisitions may not occur every year. > “We have definitely seen an increase in cotton prices. However, during the current quarter, our GP margin increased by 4%. Going forward, it may impact our GP margin, but overall, we are trying to offset that by reducing discounts or passing it on to consumers, and we feel that EBITDA margins will remain constant for the year.”
> Pankaj Jain, on the call for April to June 2026

### What management guided

- FY27 consolidated revenue growth goal remains 15%-18%; any revision deferred until the Q2 scenario is assessed. - Net EBO additions around 50-70 in FY27; openings skew toward the festival period. - FY27 operating margin expected to remain constant for the year despite cotton inflation. - Other income around ₹50 crore on an annualized basis; Q1 typically carries a higher component. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/4623/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 7 August 2026.)

## What could change the Kewal Kiran Clothing story? What are the risks? Three consecutive quarters of standalone revenue growing 15%+ alongside Integriti brand revenue appearing explicitly in management disclosures, not consolidated away, combined with working capital days returning below 120 on the Screener measure. Those two data points together would confirm the operating leverage is reaching profit rather than being absorbed by integration costs and opaque other income. ### Each change stops working if

- : EBO additions fall below 30 in FY27 (half the floor guidance) or same-store sales growth at Killer turns negative for two consecutive quarters. - : Standalone revenue growth stays below 12% for two more quarters, indicating the Lawman pivot is substituting for rather than adding to wholesale revenue. - : Kraus working capital days stay above 140 for three more quarters while its revenue growth drops below 15%, indicating the acquisition is absorbing cash rather than generating it. ### The main risks

- : Management credibility: five guidance walk-backs in four calls indicates goals are set optimistically and revised without accountability. ✓ fact
- : Working capital days rising from 100 to 147 (Screener measure) while cash decomposition shows CCC improving, the discrepancy needs resolution before free cash flow quality can be confirmed. ✓ fact
- : Cotton cost inflation is the current-quarter headwind; operating margin stability depends on pass-through discipline that has not yet been tested at scale. ✓ fact

(Our read after the April to June 2026 results, written 22 August 2026.)

## What to watch in Kewal Kiran Clothing's next results? When Kewal Kiran Clothing reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Consolidated growth guidance after the next assessment - check for formal revision and sustained momentum. - What to check (from the call)
- Consolidated growth guidance after the next assessment - check for formal revision and sustained momentum. - Festival-period EBO rollout - check additions, retail growth and store productivity. - Cotton-cost offsets - check gross-profit pressure, discount discipline and operating profit stability. - Kraus working-capital cycle - check debtor-day and cash-conversion progress. ## Which stock lists is Kewal Kiran Clothing on? Kewal Kiran Clothing is not on any of our India lists this week. ## Is Kewal Kiran Clothing profitable? Kewal Kiran Clothing Ltd earned ₹41.0 Cr of net profit in the Jun 2026 quarter, +28.1% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹152 Cr. Over 10 years profit has grown 8.4% a year on average. That is 14.7% of the quarter's revenue. The same quarter a year earlier earned ₹32.0 Cr. For the full year, FY26 profit was ₹152 Cr (+2.0% on the year before). Why profit moved: revenue changed +19.2% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +15.0% and revenue +16.1%. Profit and revenue are moving at about the same pace. FY26-Q4. revenue ₹324 Cr and profit ₹35 Cr as reported. FY27-Q1. revenue ₹279 Cr and profit ₹41 Cr as reported. Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters. ## How much revenue does Kewal Kiran Clothing make, and is it growing? Kewal Kiran Clothing Ltd reported ₹279 Cr of revenue in the Jun 2026 quarter, +19.2% on the same quarter a year earlier. That is the 8th quarter in a row with growth on the year before. Over 10 years it has grown 10.6% a year on average. The last full year, FY26, came in at ₹1,213 Cr. Why this happened. Lawman was repositioned from wholesale to direct-to-consumer over FY25-FY26 with 81 EBOs (up from near zero). Management stated the formula is now right, having completed the working-capital normalization and store-productivity ramp. This adds a second revenue engine inside the existing manufacturing and distribution infrastructure at near-zero incremental fixed cost. The pivot is qualitatively confirmed but standalone revenue contribution was not disclosed in the August 2026 call. The last four reported quarters add to ₹1,258 Cr. FY26 revenue was ₹1,213 Cr, +20.9% on the year before. Recent pace: the last four quarters grew +16.1% on average, against 10.6% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +15.9%, against +23.0% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +3.2%, against +5.0% a year (stabilising). FY26-Q4. revenue ₹324 Cr and profit ₹35 Cr as reported. FY27-Q1. revenue ₹279 Cr and profit ₹41 Cr as reported. Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters. ## How much of every ₹100 of sales does Kewal Kiran Clothing keep? Kewal Kiran Clothing Ltd's operating margin was 19.0% in the Jun 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 12 years it has been between 6.0% and 23.0%. The latest quarter is within that range. Why this happened. KKCL runs 100% of manufacturing in-house (Killer; Cross is outsourced). As EBO count grows from 670 toward the 720-740 goal by FY27-end, fixed costs spread across higher volume. Q1 FY27 OPM of 19.35% held despite a 19% revenue increase and rising cotton prices, consistent with the operating-leverage catapult pattern, fixed costs are already installed, so incremental volume accrues to margin at above-average rates. Revenue per square foot was not disclosed, but EBO footprint crossed 4 lakh sq ft. Why the margin moved: operating margin changed +1.6 percentage points on the year while gross margin changed −1.0 points. So the gain came mostly from the gross margin, which means input costs and prices charged. FY26-Q4. revenue ₹324 Cr and profit ₹35 Cr as reported. FY27-Q1. revenue ₹279 Cr and profit ₹41 Cr as reported. Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters. ## Is Kewal Kiran Clothing's profit turning into cash? Over the last 3 years, 73% of Kewal Kiran Clothing Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹183 Cr of operating cash against ₹152 Cr of profit. After ₹55.0 Cr of spending on assets, ₹128 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 73% of profit came in as cash: the cash cycle got 141 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: less of the profit turns into cash than it should, and the cash cycle is 141 days longer. The next section looks at where the cash is stuck. ## Where does Kewal Kiran Clothing's cash go? Kewal Kiran Clothing Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 346 days in FY26, up from 205 days in FY21. It spent ₹473 Cr on assets over the last 3 years. Customers take 97 days to pay, and stock sits for 385 days on average. At FY26 sales of ₹1,213 Cr, each day of that cycle ties up about ₹3.3 Cr, so roughly ₹1,150 Cr is tied up in the business at any time. FY26: customers took 97 days to pay and stock sat for 385 days, about 12.7 months of sales sitting as stock, for a full cycle of 346 days, longer than FY21's 205. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 385 days. Customers pay about 97 days after that. Suppliers are paid at 135 days. Together that makes the 346-day cycle. Spending on assets: ₹473 Cr over the last 3 years, against ₹86.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet. In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit. ## What is Kewal Kiran Clothing's P/E ratio, and how does it compare with its own history? Kewal Kiran Clothing Ltd's P/E is 17.9×, near the low end of its own history: it has been lower only 11% of the time. Its usual P/E (the middle reading) is 24.6×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −1.7% while the price moved −16.9%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +12.3% a year; about +22.0% a year came from earnings growth and about −9.7 percentage points from the multiple (the market paying less); over 10 years the price moved +1.7% a year; about +8.7% a year came from earnings growth and about −7.0 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 13% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What growth does the Kewal Kiran Clothing share price assume? Worked out from its price on 23 August 2026, Kewal Kiran Clothing Ltd's share price assumed profit growth of about 11.4% a year. Over the past 10 years its profit actually grew 8.4% a year. Today its P/E is 17.9×, lower than 89% of its own last 10 years. This is a one-day reading, taken on 23 August 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Kewal Kiran Clothing business getting better or worse? Kewal Kiran Clothing Ltd's business is giving mixed signals. Profit growth is rising at +3.2% while revenue growth is slowing from its peak at +15.9%, so the lines disagree and each one tells part of the story. This is based on 8 quarters of 4 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## What is the Kewal Kiran Clothing story, and has it been checked? Kewal Kiran Clothing Ltd's story is not scored yet against the checks our research set on 22 August 2026. Where it sits in its own cycle: Not stated in the research file. Still open: Management credibility: five guidance walk-backs in four calls indicates goals are set optimistically and revised without accountability

Our read, 22 August 2026. Revenue compounding at 15-21% annually while PAT has been flat for three years, the Kraus acquisition absorbed operating leverage gains; the underlying clean-PAT recovery is real but management has walked back five guidance items across four consecutive calls. From the numbers. The cycle normalized framework corrects for margin timing: OPM at 19-20% is near the mid-range of KKCL's historical…

From the price. Price stage 4, week 2, below its 200-day line, relative strength falling. From the research. Revenue compounding at 15-21% annually while PAT has been flat for three years, the Kraus acquisition absorbed operating leverage gains; the underlying clean-PAT recovery is real but management has walked back five…

Where they disagree. The operating cycle is in early expansion (EBITDA accelerating from the Kraus-integration trough). What is proven. Revenue compounding at 15-21% annually while PAT has been flat for three years, the Kraus acquisition absorbed operating leverage gains; the underlying clean-PAT recovery is real but management has walked back five guidance items across four consecutive calls. What is not proven yet. Management credibility: five guidance walk-backs in four calls indicates goals are set optimistically and revised without accountability

What the surface reading misses. What the surface reading misses. The surface reading is: OCF FY26 of Rs 183 Cr vs PAT Rs 152 Cr = OCF/PAT 1.2x, appearing to indicate excellent cash quality The research reads it further: FY26 OCF/PAT of 1.2 is elevated partly because FY25 absorbed Rs 401 Cr capex (Kraus acquisition) and Rs 167 Cr WC build, FY26 saw a reversal of some of that WC (inventory days fell from 548 to 161) as the post-acquisition inventory normalization occurred. The 3-year OCF/PAT aggregate of 0.73 is the honest through-cycle measure, not the single FY26 reading. Sources: our stock research file (22 August 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Kewal Kiran Clothing management deliver what it promised? What Kewal Kiran Clothing Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. Annualized Other Income Estimate Increased · 7 August 2026. In May 2026, management indicated annualized other income of INR 30 crores to INR 35 crores. In Aug 2026, it indicated around 50 crores, a material increase of roughly 43% versus the top end of the prior range without reconciling the change or identifying a new driver. Standalone Growth Expectation No Longer Reaffirmed · 7 August 2026. In May 2026, management expected standalone growth to be above 15% as the Lawman and Integriti changes began contributing. In Aug 2026, the call referenced 12% standalone growth for the quarter, while management declined to comment on standalone performance rather than explaining the shortfall or reaffirming the earlier expectation. Brand Pivot Execution Status Has Been Walked Back · 7 August 2026. In Feb and May 2026, management said Integriti growth would begin in the first quarter of the next year period and that growth would be in line with the company. In Aug 2026, management said the pivot was still being experimented with and that it had not found the formula, without explaining why the earlier expected ramp had not materialized. Vision 2028 Growth Strategy Shifted from Organic-Only to Inorganic-Supported · 11 May 2026. In the Oct 2025 call, management confirmed in direct response to an shareholder question that the Vision 2028 INR 1,500 crore revenue goal was purely organic with no acquisition component. The May 2026 call formally reversed this by presenting an upgraded 20% CAGR three-year goal explicitly stated to be meaningfully supported by acquisitions, with approximately 5% of the CAGR directly attributed to inorganic deals. This shift materially alters the risk profile, capital allocation assumptions, and execution dependencies that analysts would build into the company's forward growth model. Every quote above is taken word for word from the company’s own earnings calls. ## What is Kewal Kiran Clothing management's track record? Kraus integration and cash conversion improved, but repeated unacknowledged goal changes prevent a strong grade. ### Regulatory and governance record

The fresh red-flag search returned no results. Absence of a result is not treated as proof of a clean enforcement history. Sources:

- [gurufocus.com](https://www.gurufocus.com/stock/NSE:KKCL/transcripts/8616614)
- [angelone.in](https://www.angelone.in/stocks/kewal-kiran-clothing-ltd/shareholding)

(Checked 30 August 2026.)

## How much does Kewal Kiran Clothing earn on its capital? Kewal Kiran Clothing Ltd earned a ROCE of 17% in FY26. That is up from a low of 6% in FY21. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 12.5% net margin and 0.81× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 12.5% net margin × 0.81× asset turnover × 1.60× leverage (assets divided by equity) ≈ 16.2% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 13% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does Kewal Kiran Clothing have too much debt? Kewal Kiran Clothing Ltd had ₹128 Cr of borrowings against ₹938 Cr of equity in FY26, so its debt is 0.14× its equity. Its operating profit is 17 times its interest bill. Over 5 years borrowings went from ₹50.0 Cr to ₹128 Cr. Over the last 3 of those years it spent ₹473 Cr on assets. Part of the spending on assets is being paid for with borrowed money. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 13% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the Kewal Kiran Clothing shareholding pattern? Domestic institutions raised their stake in Kewal Kiran Clothing Ltd by 1.6 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 8.4% of the company. Foreign institutions moved −0.4 points over the same period, to 2.4%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +1.6 points over 8 quarters, to 8.4%; Foreign institutions: −0.4 points over 8 quarters, to 2.4%; Promoters: +0.0 points over 8 quarters, to 74.3%. Why the owners changed: domestic institutions drove it (+1.6 points). They raised their stake step by step. ## How far is Kewal Kiran Clothing from balance-sheet trouble? For Kewal Kiran Clothing Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Kewal Kiran Clothing rank in its industry? 53.2 out of 100, rank 13 of 26 in Textiles - Readymade Apparel, with 78% of the evidence available. Kewal Kiran Clothing Ltd scores 53.2 out of 100 against the 26 companies it is compared with in Textiles - Readymade Apparel, ranking 13. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 17.4 + 16.6 + 13.4 + 5.8 = 53.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Kewal Kiran Clothing compared with? Kewal Kiran Clothing ranks 13 of 26 Textiles - Readymade Apparel companies on the 4-Factor Sector Score, with 53.2 out of 100. 1. [Cantabil Retail India Ltd](https://www.sectoralpha.in/stocks/cantabil-retail-india-ltd) CANTABIL · turning · Most evidence points up · 96% evidence 74.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.9/35 · Revenue 15.8% · Profit 22.8% · Operating margin change 2 points · 88% evidence Capital efficiency 20.4/25 · ROCE 19.4% · Operating margin 33% · 100% evidence Valuation 15.9/20 · P/E 21.7× · PEG 0.75 · 100% evidence Relative strength 15.4/20 · Lead over its industry 9.5% · Lead over NIFTY 500 6.5% · 1 year -2.8% · 100% evidence · 8 of 12 weeks ahead Exact sum: 22.9 + 20.4 + 15.9 + 15.4 = 74.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Karnika Industries Ltd](https://www.sectoralpha.in/stocks/karnika-industries-ltd) KARNIKA · breaking out · Most evidence points up · 67% evidence 70.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.3/35 · Revenue 47.8% · Profit 68.4% · Operating margin change -2 points · 95% evidence Capital efficiency 20.8/25 · ROCE 29.6% · Operating margin 19% · 76% evidence Valuation 11.3/20 · P/E 25.5× · PEG n/a · 50% evidence Relative strength 11.8/20 · Lead over its industry n/a · Lead over NIFTY 500 11.8% · 1 year -21.1% · 25% evidence · 5 of 12 weeks ahead Exact sum: 26.3 + 20.8 + 11.3 + 11.8 = 70.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Thomas Scott India Ltd](https://www.sectoralpha.in/stocks/thomas-scott-india-ltd) THOMASCOTT · Most evidence points up · 69% evidence 67.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 34.2/43.75 · Revenue 61.5% · Profit 54.4% · Operating margin change 0.7 points · 88% evidence Capital efficiency 17.6/31.25 · ROCE 20.4% · Operating margin 12% · 100% evidence Valuation 15.3/25 · P/E 21× · PEG 1.14 · 65% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 34.2 + 17.6 + 15.3 = 67.1 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 4. [Trent Ltd](https://www.sectoralpha.in/stocks/trent-ltd) TRENT · turning · Most evidence points up · 93% evidence 66.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.9/35 · Revenue 18.4% · Profit 18.8% · Operating margin change 1 points · 100% evidence Capital efficiency 21.0/25 · ROCE 28.3% · Operating margin 18% · 100% evidence Valuation 4.2/20 · P/E 84× · PEG 5.04 · 65% evidence Relative strength 17.6/20 · Lead over its industry 17.1% · Lead over NIFTY 500 13.5% · 1 year -3.6% · 100% evidence · 4 of 12 weeks ahead Exact sum: 23.9 + 21 + 4.2 + 17.6 = 66.7 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [SBC Exports Ltd](https://www.sectoralpha.in/stocks/sbc-exports-ltd) SBC · leader · Evidence leans up · 82% evidence 64.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.8/35 · Revenue 63.4% · Profit 100% · Operating margin change -3 points · 95% evidence Capital efficiency 14.9/25 · ROCE 18.4% · Operating margin 9% · 76% evidence Valuation 5.8/20 · P/E 82.3× · PEG n/a · 50% evidence Relative strength 20.0/20 · Lead over its industry 89% · Lead over NIFTY 500 82.5% · 1 year 176.9% · 100% evidence · 10 of 12 weeks ahead Exact sum: 23.8 + 14.9 + 5.8 + 20 = 64.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [V-Mart Retail Ltd](https://www.sectoralpha.in/stocks/v-mart-retail-ltd) VMART · turning · Evidence leans up · 89% evidence 62.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.8/35 · Revenue 19.1% · Profit 100% · Operating margin change 1 points · 88% evidence Capital efficiency 9.1/25 · ROCE 13.2% · Operating margin 15% · 100% evidence Valuation 11.7/20 · P/E 42.4× · PEG 1.03 · 65% evidence Relative strength 14.7/20 · Lead over its industry 14.4% · Lead over NIFTY 500 10.5% · 1 year -10.9% · 100% evidence · 9 of 12 weeks ahead Exact sum: 26.8 + 9.1 + 11.7 + 14.7 = 62.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Pearl Global Industries Ltd](https://www.sectoralpha.in/stocks/pearl-global-industries-ltd) PGIL · leader · Evidence leans up · 78% evidence 61.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.3/35 · Revenue 13.7% · Profit 29.4% · Operating margin change 2 points · 83% evidence Capital efficiency 17.0/25 · ROCE 19.9% · Operating margin 11% · 76% evidence Valuation 6.4/20 · P/E 35.2× · PEG n/a · 50% evidence Relative strength 17.6/20 · Lead over its industry 39.1% · Lead over NIFTY 500 34.6% · 1 year 80.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 20.3 + 17 + 6.4 + 17.6 = 61.3 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 8. [Bella Casa Fashion & Retail Ltd](https://www.sectoralpha.in/stocks/bella-casa-fashion-retail-ltd) BELLACASA · Evidence leans up · 76% evidence 58.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.9/43.75 · Revenue 21.8% · Profit 37% · Operating margin change -4.4 points · 88% evidence Capital efficiency 14.9/31.25 · ROCE 17.2% · Operating margin 3.8% · 100% evidence Valuation 20.1/25 · P/E 16.6× · PEG 0.45 · 100% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 23.9 + 14.9 + 20.1 = 58.9 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 9. [Aditya Birla Lifestyle Brands Ltd](https://www.sectoralpha.in/stocks/aditya-birla-lifestyle-brands-ltd) ABLBL · quiet · Evidence leans up · 78% evidence 55.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.5/35 · Revenue 10.9% · Profit 42.1% · Operating margin change 0 points · 100% evidence Capital efficiency 13.2/25 · ROCE 15% · Operating margin 16% · 100% evidence Valuation 11.6/20 · P/E 35.4× · PEG 1.05 · 65% evidence Relative strength 8.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -26.5% · 1 year -47.2% · 25% evidence · 0 of 12 weeks ahead Exact sum: 22.5 + 13.2 + 11.6 + 8.1 = 55.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Baazar Style Retail Ltd](https://www.sectoralpha.in/stocks/baazar-style-retail-ltd) STYLEBAAZA · breaking out · Evidence leans up · 79% evidence 54.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.1/35 · Revenue 34.9% · Profit 100% · Operating margin change -0.6 points · 88% evidence Capital efficiency 5.8/25 · ROCE 7.6% · Operating margin 14.8% · 100% evidence Valuation 8.5/20 · P/E 98.5× · PEG n/a · 15% evidence Relative strength 17.3/20 · Lead over its industry 16.3% · Lead over NIFTY 500 12.8% · 1 year 11.4% · 100% evidence · 11 of 12 weeks ahead Exact sum: 23.1 + 5.8 + 8.5 + 17.3 = 54.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Sai Silks (Kalamandir) Ltd](https://www.sectoralpha.in/stocks/sai-silks-kalamandirltd) KALAMANDIR · basing · Evidence leans up · 81% evidence 54.5 out of 100 Growth Capital Valuation Relative
12. [Iris Clothings Ltd](https://www.sectoralpha.in/stocks/iris-clothings-ltd) IRISDOREME · leader · Evidence leans up · 100% evidence 54.2 out of 100 Growth Capital Valuation Relative
13. Kewal Kiran Clothing Ltd this page KKCL · quiet · Evidence leans up · 78% evidence 53.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.4/35 · Revenue 15.9% · Profit 3.2% · Operating margin change 1 points · 83% evidence Capital efficiency 16.6/25 · ROCE 17.2% · Operating margin 19% · 76% evidence Valuation 13.4/20 · P/E 17.8× · PEG n/a · 50% evidence Relative strength 5.8/20 · Lead over its industry -3.5% · Lead over NIFTY 500 -6.4% · 1 year -17.6% · 100% evidence · 5 of 12 weeks ahead Exact sum: 17.4 + 16.6 + 13.4 + 5.8 = 53.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 14. [V2 Retail Ltd](https://www.sectoralpha.in/stocks/v2-retail-ltd) V2RETAIL · quiet · Evidence leans up · 79% evidence 52.9 out of 100 Growth Capital Valuation Relative
15. [Arvind Fashions Ltd](https://www.sectoralpha.in/stocks/arvind-fashions-ltd) ARVINDFASN · quiet · Evidence leans up · 89% evidence 52.3 out of 100 Growth Capital Valuation Relative
16. [Monte Carlo Fashions Ltd](https://www.sectoralpha.in/stocks/monte-carlo-fashions-ltd) MONTECARLO · turning · Evidence leans up · 73% evidence 50.5 out of 100 Growth Capital Valuation Relative
17. [Vishal Mega Mart Ltd](https://www.sectoralpha.in/stocks/vishal-mega-mart-ltd) VMM · quiet · Evidence leans up · 78% evidence 50.4 out of 100 Growth Capital Valuation Relative
18. [Vedant Fashions Ltd](https://www.sectoralpha.in/stocks/vedant-fashions-ltd) MANYAVAR · breaking out · Evidence leans down · 81% evidence 49.4 out of 100 Growth Capital Valuation Relative
19. [Credo Brands Marketing Ltd](https://www.sectoralpha.in/stocks/credo-brands-marketing-ltd) MUFTI · Evidence leans down · 76% evidence 45.5 out of 100 Growth Capital Valuation Relative
20. [S P Apparels Ltd](https://www.sectoralpha.in/stocks/s-p-apparels-ltd) SPAL · quiet · Evidence leans down · 96% evidence 42.5 out of 100 Growth Capital Valuation Relative
21. [Lux Industries Ltd](https://www.sectoralpha.in/stocks/lux-industries-ltd) LUXIND · quiet · Evidence leans down · 78% evidence 41.6 out of 100 Growth Capital Valuation Relative
22. [Raymond Lifestyle Ltd](https://www.sectoralpha.in/stocks/raymond-lifestyle-ltd) RAYMONDLSL · quiet · Evidence leans down · 78% evidence 39.3 out of 100 Growth Capital Valuation Relative
23. [Go Fashion (India) Ltd](https://www.sectoralpha.in/stocks/go-fashion-indialtd) GOCOLORS · quiet · Evidence leans down · 75% evidence 35.9 out of 100 Growth Capital Valuation Relative
24. [Gokaldas Exports Ltd](https://www.sectoralpha.in/stocks/gokaldas-exports-ltd) GOKEX · quiet · Most evidence points down · 81% evidence 28.3 out of 100 Growth Capital Valuation Relative
25. [Aditya Birla Fashion & Retail Ltd](https://www.sectoralpha.in/stocks/aditya-birla-fashion-retail-ltd) ABFRL · quiet · Most evidence points down · 61% evidence 27.6 out of 100 Growth Capital Valuation Relative
26. [Kitex Garments Ltd](https://www.sectoralpha.in/stocks/kitex-garments-ltd) KITEX · basing · Most evidence points down · 68% evidence 21.0 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Textiles - Readymade Apparel](https://www.sectoralpha.in/sectors/textiles-readymade-apparel), all 26 compared on one page. ## Which companies are close to Kewal Kiran Clothing in size? Kewal Kiran Clothing is the 15th largest of 26 Textiles - Readymade Apparel companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: SBC Exports, Raymond Lifestyle and Baazar Style Retail. Just below it: Kitex Garments, Cantabil Retail India and S P Apparels. ### Textiles - Readymade Apparel companies close in size

1. [SBC Exports Ltd](https://www.sectoralpha.in/stocks/sbc-exports-ltd) ₹3,150 crore
2. [Raymond Lifestyle Ltd](https://www.sectoralpha.in/stocks/raymond-lifestyle-ltd) ₹2,920 crore
3. [Baazar Style Retail Ltd](https://www.sectoralpha.in/stocks/baazar-style-retail-ltd) ₹2,685 crore
4. Kewal Kiran Clothing Ltd ₹2,639 crore
5. [Kitex Garments Ltd](https://www.sectoralpha.in/stocks/kitex-garments-ltd) ₹2,252 crore
6. [Cantabil Retail India Ltd](https://www.sectoralpha.in/stocks/cantabil-retail-india-ltd) ₹2,118 crore
7. [S P Apparels Ltd](https://www.sectoralpha.in/stocks/s-p-apparels-ltd) ₹2,045 crore

[All 26 Textiles - Readymade Apparel companies, largest first](https://www.sectoralpha.in/sectors/textiles-readymade-apparel#all-companies)

### Companies close in size in other industries

1. [Lumino Industries Ltd](https://www.sectoralpha.in/stocks/lumino-industries-ltd) ₹2,644 crore
2. [Bhansali Engineering Polymers Ltd](https://www.sectoralpha.in/stocks/bhansali-engineering-polymers-ltd) ₹2,641 crore · Petrochem - Polymers
3. Kewal Kiran Clothing Ltd ₹2,639 crore
4. [Satin Creditcare Network Ltd](https://www.sectoralpha.in/stocks/satin-creditcare-network-ltd) ₹2,639 crore · Finance & Investments - Microfinance
5. [Shringar House of Mangalsutra Ltd](https://www.sectoralpha.in/stocks/shringar-house-of-mangalsutra-ltd) ₹2,638 crore · Diamond, Gems & Jewellery

## What else do people ask about Kewal Kiran Clothing? ### What is Kewal Kiran Clothing's share price today? Kewal Kiran Clothing Ltd's share price is ₹431.70, −16.9% over the past year. The whole company is worth ₹2,662 Cr on the market. In the last 52 weeks it traded between ₹421 to ₹526; today it is 11% of the way up from the low, 10.8% below its 200-day average (as of 3 November 2026). ### What were Kewal Kiran Clothing's latest quarterly results? Kewal Kiran Clothing Ltd reported revenue of ₹279 Cr and net profit of ₹41.0 Cr for the Jun 2026 quarter. Revenue rose 19.2% and profit rose 28.1% compared with a year earlier. Earnings per share were ₹6.17. The operating margin was 19.0%, 1.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Kewal Kiran Clothing's market cap? Kewal Kiran Clothing Ltd's market capitalisation is ₹2,662 Cr at a share price of ₹431.70. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Kewal Kiran Clothing performing? Kewal Kiran Clothing Ltd's share price has been falling for 2 weeks. In its latest quarter, revenue rose 19.2% and profit rose 28.1% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 9 weeks running (as of 3 November 2026). ### Will Kewal Kiran Clothing's share price go up? This page does not forecast Kewal Kiran Clothing Ltd's share price. What it shows instead: the share price is ₹431.70, and it has been falling for 2 weeks. Its P/E of 17.9× is higher than 11% of its own last 10 years (as of 3 November 2026). ### Where is Kewal Kiran Clothing in its business cycle? Kewal Kiran Clothing Ltd's FY26 operating margin was 20.0%, against a 12-year range of 6.0% to 23.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 19.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Kewal Kiran Clothing story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Kewal Kiran Clothing a stock worth studying right now? What the numbers show: Kewal Kiran Clothing Ltd's share price has fallen more than its earnings. Earnings per share fell 1.7% in a year while the price moved −16.9%. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Kewal Kiran Clothing share price forecast for 2026? What management itself guided: Vision 2028 growth trajectory planned at 20% yearly growth over the next 3 years through organic growth and disciplined, value-accretive acquisitions; acquisitions may not occur every year. What would change the story: Three consecutive quarters of standalone revenue growing 15%+ alongside Integriti brand revenue appearing explicitly in management disclosures, not consolidated away, combined with working capital days returning below 120 on the Screener measure. Those two data points together would confirm the operating leverage is reaching profit rather than being absorbed by integration costs and opaque other income. ### Where does this page get Kewal Kiran Clothing's management information? From Kewal Kiran Clothing's results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. This is research, not advice. We’re not SEBI-registered.