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Established in May 1992, Kitex Garments (KGL) is into the business of manufacturing and exporting garments. The company`s product range include shirts, polar fleece, T-shirts, kids wear, night wear, nylon jackets and shorts. The products of the company are exported to countries like the USA, U.K, Italy, Greece, Denmark and Middle East. Some of the customers of the company include Wal-Mart, Russel, Stage II, Hills, Wilson, Dunlop, Sarah Lee and J. C. Penny.
Financials
The company reported rise of 30.65% in standalone net profit on y-o-y basis to Rs 208.71 million, while total income climbed 3.77% y-o-y basis to Rs 1.19 billion for the quarter ended June 2016.
Future Plans
To ensure the quality and timely availability of the major raw material i.e. fabric, the company plans to set up a processing plant near the existing factory at a cost of Rs 458 million. The work of the processing plant is in progress and plans to commission the same by Mar. 2007. The company plans for cost efficiency in manufacturing operations through better methods and techniques of production. It wants to increase its range of production and develop new markets... More.. |
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Future Plans |
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One To One
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Recent news
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| Brief Financials (in Rs. Mn.) | |
| Period ending (months) | 31-Dec-2013(9) | 31-Mar-2013 (12) | 31-Mar-2012 (12) | | Net sales | 2815.61 | 2968.13 | 2962.89 | | Other Income | 170.21 | 40.25 | 63.48 | | Total Income | 2985.82 | 3008.38 | 3026.37 | | Cost of goods sold | 2465.42 | 2568.74 | 2537.64 | | OPBDIT | 520.40 | 439.64 | 488.73 | | PAT | 362.87 | 293.77 | 271.16 | | Gross Block | - | - | - | | Equity capital | 47.50 | 47.50 | 47.50 | | EPS (Rs.) | - | 6.18 | 5.71 | | DPS (Rs.) | - | - | - | | BV (Rs.) | - | - | - | | P/E range (x) | - | 7.32 - 11.63 | 5.79 - 11.17 | | Debt / Equity (x) | - | - | - | | Operating margin (% of OI) | 17.4 | 14.6 | 16.1 | | Net margin (% of OI) | 12.2 | 9.8 | 9.0 |
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Detailed Financials
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