Kitex Garments Ltd
KITEXKitex Garments Ltd's price has outrun its earnings. −32.5% in a year against EPS −95.7% — the market is paying now for delivery later.
The sharpest disagreement: the price moved −32.5% in a year while annual EPS moved −95.7% — the difference is re-rating, and re-rating has to be repaid with earnings.
The price is in a downtrend (45 weeks in) while the P/E sits at the 100th percentile of its own 10-year range. Underneath, the last four quarters read deteriorating — profit −129.2% year on year, and 125% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Kitex Garments Ltd trades at ₹146, in a downtrend and 45 weeks into that stage. That is −15.4% against its own 200-day average. It sits at 4% of a 52-week range of ₹143 to ₹222. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (17 weeks and counting).
Today the stock is in a downtrend — week 45 of stage 4, confirmed. At ₹146 it trades −15.4% versus its 200-day average and sits at 4% of its 52-week range (₹143–₹222).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +50% while the NIFTY 500 moved +276% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (17 weeks and counting; last ahead the week of 2026-05-08) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Kitex Garments Ltd trades at 290.0× P/E, about the priciest it has ever traded. Its long-run median P/E is 18.1×, measured across 10.0 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 290.0× is about the priciest it has ever traded, against a long-run median of 18.1× measured over 10.0 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
🚨 Why the multiple sits where it does: over the past year annual EPS moved −95.7% against a −32.5% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 5y, of the +20.8%/yr price move, ~−9.1%/yr came from earnings growth and ~+29.9 pp from the multiple (expanding); over 10y, of the +2.2%/yr price move, ~−9.7%/yr came from earnings growth and ~+11.9 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources disagree by up to 67% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Kitex Garments Ltd reads as deteriorating on its fundamental arc. Deteriorating — revenue and profit growth are shrinking (revenue growth −44.6% latest (single-quarter readings) against +77.1% at its 12-quarter best), ROCE slipping at 2.0%. The read is built from 10 quarters across 3 curves, on partial evidence.
🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | −32.1% | +6.2% | +8.0% | +2.0% |
| EPS | −95.7% | −52.9% | −35.7% | −25.2% |
| Share price | −32.5% | +31.9% | +20.8% | +2.2% |
4-Factor Sector Score
22.5/100 — rank 25 of 26 in Textiles - Readymade Apparel · 65% evidence confidence
Kitex Garments Ltd scores 22.5 out of 100 against the 26 companies it is compared with in Textiles - Readymade Apparel, ranking 25. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 3.9 + 4.5 + 8.5 + 5.6 = 22.5. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Kitex Garments Ltd reported ₹166 Cr of revenue in the Mar 26 quarter, −44.6% year on year. Over 10 years it has compounded at 2.0% a year. The last full year, FY26, came in at ₹667 Cr. The last four reported quarters add to ₹667 Cr.
FY26 revenue came in at ₹667 Cr (−32.1% on the year), capping 10 years at 2.0% compound. The latest quarter (Mar 26) printed ₹166 Cr, −44.6% year on year.
Pace check: the last four quarters averaged −29.7% growth against the decade's 2.0% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew −32.1% over the last 4 quarters against +4.0%/yr over the last 8 — rolling over.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Kitex Garments Ltd's operating margin is 1.0% in the Mar 26 quarter, −16.0 percentage points against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 4.3% to 35.0%. The current quarter is running below every full year in that window.
The latest quarter's operating margin is 1.0%, −16.0 pp against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 4.3%–35.0%.
🚨 Why the margin moved: operating margin went −16.0 pp year on year while gross margin went −5.8 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Kitex Garments Ltd posted a net loss of ₹9.3 Cr in the Mar 26 quarter. The full FY26 year was a loss of ₹13.0 Cr. That loss is 5.6% of the quarter's revenue. The same quarter a year earlier earned ₹31.8 Cr. 3 of the last 12 reported quarters were loss-making.
Mar 26 profit was ₹−9.3 Cr, −129.2% year on year. On the full year, FY26 printed ₹−13.0 Cr (−109.6%).
🚨 Why profit moved: revenue contributed −44.6% and the margin −16.0 pp — the quarter was revenue-led despite a thinner margin.
Pace comparison, last four quarters: profit −104.0% vs revenue −29.7%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 125% of Kitex Garments Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹346 Cr of operating cash against ₹−13.0 Cr of profit. After ₹510 Cr of capital spending, ₹−164 Cr was left as free cash.
FY26: operating cash of ₹346 Cr against reported profit of ₹−13.0 Cr, leaving free cash of ₹−164 Cr after ₹510 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 125% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 125%: the cash cycle tightened 144 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.
Router verdict: the bigger cash user is investment — capital spending ran 19.7× depreciation over three years, so the next section's job is to check what that build-out is buying.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Kitex Garments Ltd's cash conversion cycle runs 173 days in FY26, down from 317 days in FY21. Capital spending ran ₹1,614 Cr over the last 3 years. At FY26 sales of ₹667 Cr each day of that cycle holds about ₹1.8 Cr, so roughly ₹316 Cr sits inside the business at any moment.
FY26: debtors at 68 days, inventory at 165 days — roughly 5.4 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 173 days, tighter than FY21's 317.
The full loop: cash goes out to suppliers and production on day 0; stock waits 165 days to sell; customers pay about 68 days after that; and suppliers themselves are paid at 61 days — netting out to the 173-day cycle.
In money terms: at FY26 sales of ₹667 Cr, each day of the cycle holds about ₹1.8 Cr — so the 173-day loop keeps roughly ₹316 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹1,614 Cr over the last 3 fiscal years against ₹82.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹946 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Kitex Garments Ltd earns a ROCE of 2% in FY26. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is −1.9% net margin on 0.22× asset turns.
FY26 ROCE is 2%.
Why the return is what it is — the wiring (FY26): −1.9% net margin × 0.22× asset turns × 2.95× balance-sheet leverage ≈ −1.2% on equity. Margin does its share; leverage is a meaningful part of the equation.
The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 67% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
Kitex Garments Ltd carries ₹1,199 Cr of borrowings against ₹1,030 Cr of equity in FY26, a debt-to-equity of 1.16. Operating profit covers the interest bill 1×. Over 5 years borrowings went from ₹0.0 Cr to ₹1,199 Cr. Capital spending ran ₹1,614 Cr across the last 3 of those years.
FY26: borrowings of ₹1,199 Cr against equity of ₹1,030 Cr — a debt-to-equity of 1.16. Operating profit covers the interest bill 1×. Over 5 years borrowings went from ₹0.0 Cr to ₹1,199 Cr while capital spending ran ₹1,614 Cr in just the last 3 — part of the build-out is riding on borrowed money.
The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 67% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of Kitex Garments Ltd moved a full percentage point over the last two years — the register is quiet. Domestic institutions moved +0.1 points over the same window, to 0.1%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: +0.4 points over 8 quarters to 1.2%; Domestic institutions: +0.1 points over 8 quarters to 0.1%; Promoters: +0.0 points over 8 quarters to 56.7%.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Kitex Garments Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Cantabil Retail India LtdCANTABIL | 68.7/100Favorable setup77% evidence | TURNING | 23.6/35 Revenue 18% · PAT 28% · OPM change 4 pp 83% evidence | 19.6/25 ROCE 19.1% · OPM 31% 95% evidence | 12.6/20 P/E 21.4× · PEG — 50% evidence | 12.9/20 RS sector 10.1% · RS bench -4.2% · 1Y -8.6%0 of 10 weeks ahead 70% evidence |
| Exact sum: 23.6 + 19.6 + 12.6 + 12.9 = 68.7 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2V2 Retail LtdV2RETAIL | 66.6/100Favorable setup79% evidence | LEADER | 28.6/35 Revenue 62.7% · PAT 100% · OPM change 2 pp 88% evidence | 15.3/25 ROCE 19.3% · OPM 14% 100% evidence | 9.4/20 P/E 56× · PEG — 15% evidence | 13.3/20 RS sector 5.4% · RS bench 2.5% · 1Y 13.7%10 of 12 weeks ahead 100% evidence |
| Exact sum: 28.6 + 15.3 + 9.4 + 13.3 = 66.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Kewal Kiran Clothing LtdKKCL | 66.3/100Favorable setup96% evidence | FADING | 19.7/35 Revenue 21.1% · PAT 2% · OPM change 1 pp 88% evidence | 18.5/25 ROCE 18.1% · OPM 19% 100% evidence | 16.4/20 P/E 21.6× · PEG 0.59 100% evidence | 11.7/20 RS sector 2.3% · RS bench -0.7% · 1Y -9.1%3 of 12 weeks ahead 100% evidence |
| Exact sum: 19.7 + 18.5 + 16.4 + 11.7 = 66.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Iris Clothings LtdIRISDOREME | 64.2/100Mixed-positive evidence87% evidence | LEADER | 22.3/35 Revenue 31.8% · PAT 31.9% · OPM change 3 pp 95% evidence | 14.3/25 ROCE 16% · OPM 17% 95% evidence | 7.6/20 P/E 57.4× · PEG — 50% evidence | 20.0/20 RS sector 53% · RS bench 48.9% · 1Y 73.8%11 of 12 weeks ahead 100% evidence |
| Exact sum: 22.3 + 14.3 + 7.6 + 20 = 64.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5SBC Exports LtdSBC | 58.7/100Mixed-positive evidence83% evidence | LEADER | 26.2/35 Revenue 34.4% · PAT 86.6% · OPM change -0.6 pp 83% evidence | 11.5/25 ROCE 18.2% · OPM 4.2% 95% evidence | 6.7/20 P/E 79.2× · PEG — 50% evidence | 14.3/20 RS sector 39.5% · RS bench 36.9% · 1Y 141.4%12 of 12 weeks ahead 100% evidence |
| Exact sum: 26.2 + 11.5 + 6.7 + 14.3 = 58.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Pearl Global Industries LtdPGIL | 58.7/100Mixed-positive evidence78% evidence | BREAKING OUT | 16.0/35 Revenue 11.5% · PAT 17.3% · OPM change 0 pp 83% evidence | 16.9/25 ROCE 19.9% · OPM 10% 76% evidence | 7.2/20 P/E 34.7× · PEG — 50% evidence | 18.6/20 RS sector 33% · RS bench 29.8% · 1Y 35.4%10 of 12 weeks ahead 100% evidence |
| Exact sum: 16 + 16.9 + 7.2 + 18.6 = 58.7 · Decision use: Price leads the evidence: RS versus the benchmark is 29.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 7V-Mart Retail LtdVMART | 58.3/100Mixed-positive evidence93% evidence | BREAKING OUT | 25.6/35 Revenue 19.1% · PAT 100% · OPM change 1 pp 100% evidence | 7.2/25 ROCE 13.2% · OPM 15% 100% evidence | 7.3/20 P/E 44.7× · PEG 2.5 65% evidence | 18.2/20 RS sector 13.8% · RS bench 10% · 1Y -3.1%12 of 12 weeks ahead 100% evidence |
| Exact sum: 25.6 + 7.2 + 7.3 + 18.2 = 58.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8S P Apparels LtdSPAL | 57.0/100Mixed-positive evidence96% evidence | LEADER | 14.9/35 Revenue 13.2% · PAT 8.5% · OPM change -2 pp 88% evidence | 12.5/25 ROCE 14% · OPM 12% 100% evidence | 11.7/20 P/E 24.7× · PEG 0.69 100% evidence | 17.9/20 RS sector 28.9% · RS bench 25.4% · 1Y 19.9%12 of 12 weeks ahead 100% evidence |
| Exact sum: 14.9 + 12.5 + 11.7 + 17.9 = 57 · Decision use: Price leads the evidence: RS versus the benchmark is 25.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 9Monte Carlo Fashions LtdMONTECARLO | 56.3/100Mixed-positive evidence69% evidence | ASLEEP | 22.6/35 Revenue 15.9% · PAT 38.1% · OPM change 6.5 pp 62% evidence | 9.5/25 ROCE 14% · OPM 9.2% 95% evidence | 14.5/20 P/E 9.7× · PEG — 50% evidence | 9.7/20 RS sector 0% · RS bench -14.5% · 1Y -12.2%0 of 10 weeks ahead 70% evidence |
| Exact sum: 22.6 + 9.5 + 14.5 + 9.7 = 56.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 10Trent LtdTRENT | 54.8/100Mixed-positive evidence89% evidence | TURNING | 23.0/35 Revenue 17.1% · PAT 12.1% · OPM change 3 pp 88% evidence | 19.9/25 ROCE 28.3% · OPM 18% 100% evidence | 3.7/20 P/E 92.8× · PEG 6.56 65% evidence | 8.2/20 RS sector -21.8% · RS bench 1.5% · 1Y -40.4%1 of 12 weeks ahead 100% evidence |
| Exact sum: 23 + 19.9 + 3.7 + 8.2 = 54.8 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. | ||||||
| 11Arvind Fashions LtdARVINDFASN | 53.7/100Mixed-positive evidence93% evidence | TURNING | 23.5/35 Revenue 14% · PAT 100% · OPM change 0 pp 100% evidence | 14.9/25 ROCE 19.6% · OPM 12% 100% evidence | 8.9/20 P/E 45.9× · PEG 1.95 65% evidence | 6.4/20 RS sector -4.5% · RS bench -7.5% · 1Y -10%3 of 12 weeks ahead 100% evidence |
| Exact sum: 23.5 + 14.9 + 8.9 + 6.4 = 53.7 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -4.5% and the one-year return is -10%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 12Aditya Birla Lifestyle Brands LtdABLBL | 51.7/100Mixed-positive evidence78% evidence | ASLEEP | 20.0/35 Revenue 9.1% · PAT 100% · OPM change 1 pp 100% evidence | 12.0/25 ROCE 15% · OPM 15% 100% evidence | 11.4/20 P/E 54.1× · PEG 1.39 65% evidence | 8.3/20 RS sector — · RS bench -19% · 1Y -35.1%0 of 10 weeks ahead 25% evidence |
| Exact sum: 20 + 12 + 11.4 + 8.3 = 51.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 13Thomas Scott India LtdTHOMASCOTT | 51.0/100Thin evidence · provisional54% evidence | 18.2/35 Revenue 61.5% · PAT 54.4% · OPM change -0.4 pp 53% evidence | 15.1/25 ROCE 20.4% · OPM 11.8% 71% evidence | 11.0/20 P/E 21× · PEG — 15% evidence | 6.7/20 RS sector -5.2% · RS bench -17.3% · 1Y -25.7%1 of 12 weeks ahead to 2026-03-29 70% evidence | |
| Exact sum: 18.2 + 15.1 + 11 + 6.7 = 51 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 14Credo Brands Marketing LtdMUFTI | 50.9/100Mixed-positive evidence63% evidence | FADING | 13.5/35 Revenue 0% · PAT -3.4% · OPM change -2 pp 45% evidence | 17.0/25 ROCE 19.1% · OPM 29% 71% evidence | 12.6/20 P/E 7.7× · PEG — 50% evidence | 7.8/20 RS sector -12.7% · RS bench -15.7% · 1Y -49.6%5 of 12 weeks ahead 100% evidence |
| Exact sum: 13.5 + 17 + 12.6 + 7.8 = 50.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 15Vishal Mega Mart LtdVMM | 50.5/100Mixed-positive evidence87% evidence | ASLEEP | 23.8/35 Revenue 19.8% · PAT 29.6% · OPM change 0 pp 100% evidence | 11.8/25 ROCE 14.8% · OPM 15% 100% evidence | 4.7/20 P/E 56.2× · PEG 5.39 65% evidence | 10.2/20 RS sector 2.7% · RS bench -17.7% · 1Y -23.5%3 of 10 weeks ahead 70% evidence |
| Exact sum: 23.8 + 11.8 + 4.7 + 10.2 = 50.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 16Bella Casa Fashion & Retail LtdBELLACASA | 50.2/100Mixed-positive evidence61% evidence | 22.4/35 Revenue 21.8% · PAT 37% · OPM change -0.3 pp 53% evidence | 12.7/25 ROCE 17.2% · OPM 8.7% 71% evidence | 11.2/20 P/E 16.6× · PEG — 50% evidence | 3.9/20 RS sector -20.8% · RS bench -31.3% · 1Y -41.5%0 of 12 weeks ahead to 2026-03-29 70% evidence | |
| Exact sum: 22.4 + 12.7 + 11.2 + 3.9 = 50.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 17Vedant Fashions LtdMANYAVAR | 47.5/100Mixed-negative evidence90% evidence | ASLEEP | 9.9/35 Revenue 2.4% · PAT 0.8% · OPM change -0.7 pp 88% evidence | 19.4/25 ROCE 30.7% · OPM 33.8% 100% evidence | 14.4/20 P/E 25× · PEG 1.61 100% evidence | 3.8/20 RS sector -32% · RS bench -22.2% · 1Y -47.4%3 of 10 weeks ahead 70% evidence |
| Exact sum: 9.9 + 19.4 + 14.4 + 3.8 = 47.5 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 18Sai Silks (Kalamandir) LtdKALAMANDIR | 47.1/100Mixed-negative evidence81% evidence | ASLEEP | 13.3/35 Revenue 4.8% · PAT 20.2% · OPM change -1 pp 95% evidence | 15.4/25 ROCE 14.4% · OPM 14% 95% evidence | 14.4/20 P/E 10× · PEG — 50% evidence | 4.0/20 RS sector -16.9% · RS bench -33.5% · 1Y -51.9%0 of 10 weeks ahead 70% evidence |
| Exact sum: 13.3 + 15.4 + 14.4 + 4 = 47.1 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 19Lux Industries LtdLUXIND | 38.6/100Mixed-negative evidence78% evidence | ASLEEP | 10.1/35 Revenue 13.4% · PAT -35.8% · OPM change -2 pp 83% evidence | 7.8/25 ROCE 8.1% · OPM 7% 76% evidence | 9.0/20 P/E 34.6× · PEG — 50% evidence | 11.7/20 RS sector 5.9% · RS bench 2.6% · 1Y -11.5%8 of 12 weeks ahead 100% evidence |
| Exact sum: 10.1 + 7.8 + 9 + 11.7 = 38.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 20Baazar Style Retail LtdSTYLEBAAZA | 35.8/100Mixed-negative evidence71% evidence | ASLEEP | 18.1/35 Revenue 37% · PAT 100% · OPM change -2 pp 65% evidence | 6.3/25 ROCE 7.4% · OPM 10% 100% evidence | 8.6/20 P/E 93.9× · PEG — 15% evidence | 2.8/20 RS sector -13.1% · RS bench -15.6% · 1Y 0.1%6 of 12 weeks ahead 100% evidence |
| Exact sum: 18.1 + 6.3 + 8.6 + 2.8 = 35.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 21Raymond Lifestyle LtdRAYMONDLSL | 35.4/100Mixed-negative evidence68% evidence | ASLEEP | 17.6/35 Revenue 9.2% · PAT 4.9% · OPM change 1 pp 74% evidence | 2.0/25 ROCE 3.5% · OPM 6% 100% evidence | 10.2/20 P/E 29× · PEG — 15% evidence | 5.6/20 RS sector -8.1% · RS bench -26.6% · 1Y -35.3%0 of 10 weeks ahead 70% evidence |
| Exact sum: 17.6 + 2 + 10.2 + 5.6 = 35.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 22Go Fashion (India) LtdGOCOLORS | 30.5/100Adverse evidence81% evidence | TURNING | 4.7/35 Revenue -1.6% · PAT -39.1% · OPM change -4 pp 95% evidence | 10.2/25 ROCE 10.6% · OPM 27% 95% evidence | 12.3/20 P/E 32.2× · PEG — 50% evidence | 3.3/20 RS sector -47.6% · RS bench -28.4% · 1Y -61.9%7 of 10 weeks ahead 70% evidence |
| Exact sum: 4.7 + 10.2 + 12.3 + 3.3 = 30.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 23Aditya Birla Fashion & Retail LtdABFRL | 30.2/100Adverse evidence61% evidence | ASLEEP | 12.6/35 Revenue 11.2% · PAT -80% · OPM change -3 pp 62% evidence | 3.9/25 ROCE -3.1% · OPM 9% 76% evidence | 10.0/20 P/E — · PEG — 0% evidence | 3.7/20 RS sector -13% · RS bench -15.9% · 1Y -18.3%0 of 12 weeks ahead 100% evidence |
| Exact sum: 12.6 + 3.9 + 10 + 3.7 = 30.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 24Gokaldas Exports LtdGOKEX | 28.3/100Adverse evidence90% evidence | TURNING | 8.5/35 Revenue 3.2% · PAT -36.7% · OPM change -1 pp 88% evidence | 8.1/25 ROCE 8.4% · OPM 11% 100% evidence | 1.9/20 P/E 59.6× · PEG 4.98 100% evidence | 9.8/20 RS sector -6.8% · RS bench 7.5% · 1Y -9.6%8 of 10 weeks ahead 70% evidence |
| Exact sum: 8.5 + 8.1 + 1.9 + 9.8 = 28.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 25Kitex Garments Ltdthis pageKITEX | 22.5/100Adverse evidence65% evidence | ASLEEP | 3.9/35 Revenue -32.1% · PAT -80% · OPM change -16 pp 83% evidence | 4.5/25 ROCE 1.5% · OPM 1% 76% evidence | 8.5/20 P/E 290× · PEG — 15% evidence | 5.6/20 RS sector -9.2% · RS bench -19.1% · 1Y -44%0 of 10 weeks ahead 70% evidence |
| Exact sum: 3.9 + 4.5 + 8.5 + 5.6 = 22.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 26Karnika Industries LtdKARNIKA | 59.8/100Thin evidence · provisional48% evidence | ASLEEP | 20.3/35 Revenue — · PAT — · OPM change 2.3 pp 19% evidence | 20.9/25 ROCE 51.2% · OPM 17.2% 95% evidence | 10.4/20 P/E 26.1× · PEG — 15% evidence | 8.2/20 RS sector -2.4% · RS bench -16.3% · 1Y -16.7%5 of 10 weeks ahead 70% evidence |
| Exact sum: 20.3 + 20.9 + 10.4 + 8.2 = 59.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. 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 curve the sector itself 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 widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Kitex Garments Ltd's share price today?
Kitex Garments Ltd trades at ₹146, −32.5% over the past year. The company is valued at ₹2,909 Cr. The stock sits at 4% of its 52-week range of ₹143–₹222, −15.4% versus its 200-day average. On the tape, the price is in a downtrend, 45 weeks in. — as of 31 July 2026.
What were Kitex Garments Ltd's latest quarterly results?
Kitex Garments Ltd reported revenue of ₹166 Cr and a net loss of ₹9.3 Cr for the Mar 26 quarter. Revenue fell 44.6% and profit fell 129.2% year on year. Earnings per share were ₹−0.20. The operating margin was 1.0%, 16.0 pp lower than a year earlier. — as of 31 July 2026.
What is Kitex Garments Ltd's revenue?
Kitex Garments Ltd reported revenue of ₹166 Cr in the Mar 26 quarter, −44.6% year on year. For the full FY26 fiscal year, revenue was ₹667 Cr (−32.1%). Over the last 10 years revenue compounded at 2.0% a year. — as of 31 July 2026.
What is Kitex Garments Ltd's profit?
Kitex Garments Ltd earned ₹−9.3 Cr of net profit in the Mar 26 quarter, −129.2% year on year. Full-year FY26 profit was ₹−13.0 Cr. The operating margin ran 1.0% in the latest quarter. — as of 31 July 2026.
What is Kitex Garments Ltd's market cap?
Kitex Garments Ltd's market capitalisation is ₹2,909 Cr at a share price of ₹146. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.
What is Kitex Garments Ltd's P/E ratio?
Kitex Garments Ltd trades at a P/E of 290.0×, at the 100th percentile of its own 10-year range, against a long-run median of 18.1×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.
Does Kitex Garments Ltd pay a dividend?
Yes — Kitex Garments Ltd's dividend payout was 169% of profit in FY26, and it recorded a payout in each of its last 12 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 31 July 2026.
Is Kitex Garments Ltd overvalued?
On its own history, Kitex Garments Ltd looks expensive against its own history: its P/E of 290.0× sits at the 100th percentile of its 10-year range (long-run median 18.1×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.
Is Kitex Garments Ltd growing?
Not right now — Kitex Garments Ltd's latest numbers are shrinking: latest-quarter revenue −44.6% year on year, profit −129.2%, and the margin −16.0 pp at 1.0%. The earnings engine currently reads: deteriorating — as of 31 July 2026.
How is Kitex Garments Ltd performing?
Kitex Garments Ltd is in a downtrend, 45 weeks in. Its latest quarter's revenue fell 44.6% and profit fell 129.2% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 17 weeks. This describes what the data did, not a rating. — as of 31 July 2026.
What stage is Kitex Garments Ltd in?
Deteriorating — revenue and profit growth are shrinking (revenue growth −44.6% latest (single-quarter readings) against +77.1% at its 12-quarter best), ROCE slipping at 2.0%. The read comes from the last 12 quarters of growth (revenue growth −44.6% latest, profit growth −129.2% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.
Is Kitex Garments Ltd in an uptrend?
No — the price is in a downtrend (week 45 of stage 4), trading −15.4% versus its 200-day average and at 4% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.
Is Kitex Garments Ltd beating the market?
Not lately — on a trailing-13-week view Kitex Garments Ltd is currently behind the NIFTY 500 (17 weeks and counting; last ahead the week of 2026-05-08), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +50% against the NIFTY 500's +276% — behind the index over the full window. — as of 31 July 2026.
Will Kitex Garments Ltd's share price go up?
This page publishes no price forecast for Kitex Garments Ltd. What it measures instead: the share price is ₹146, the price is in a downtrend 45 weeks in. Its P/E of 290.0× sits at the 100th percentile of its own 10-year range. — as of 31 July 2026.
Who owns Kitex Garments Ltd?
Promoters hold 56.7% of Kitex Garments Ltd, foreign institutions 1.2%, domestic institutions 0.1% and the public 42.0% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 31 July 2026.
Does Kitex Garments Ltd have too much debt?
It carries real leverage — Kitex Garments Ltd's debt-to-equity is 1.16, and operating profit covers the interest bill 1×. FY26 borrowings were ₹1,199 Cr against equity of ₹1,030 Cr. Read the returns on this page with that leverage in mind — as of 31 July 2026.
What is Kitex Garments Ltd's capex?
Kitex Garments Ltd spent ₹1,614 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹510 Cr, with ₹946 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.
What is Kitex Garments Ltd's cash flow?
Kitex Garments Ltd generated ₹346 Cr of operating cash flow in FY26 and ₹−164 Cr of free cash flow after ₹510 Cr of capital spending. Reported profit that year was ₹−13.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 31 July 2026.
Is Kitex Garments Ltd's profit real cash?
Yes — over the last 3 fiscal years, 125% of Kitex Garments Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹346 Cr against reported profit of ₹−13.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 31 July 2026.
Where is Kitex Garments Ltd in its business cycle?
Kitex Garments Ltd's FY26 operating margin was 4.3%, against a 12-year band of 4.3%–35.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 1.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.
What could break the Kitex Garments Ltd story?
The sharpest disagreement: the price moved −32.5% in a year while annual EPS moved −95.7% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.
Is Kitex Garments Ltd a stock worth studying right now?
This is not investment advice. The machine read: Kitex Garments Ltd's price has outrun its earnings. −32.5% in a year against EPS −95.7% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.