Kitex Garments Limited
Kitex Garments Limited manufactures and sells fabric and readymade garments for infants and children in India, the United States, and internationally. It manufactures and exports knitted fabrics and infant garments. The company sells baby suits, sleepwear, rompers, burps, bips, and training pants. It exports its products. Kitex Garments Limited was incorporated in 1992 and is headquartered in Ern… Read more
Kitex Garments Limited (KITEX) - Net Assets
Latest net assets as of September 2025: ₹12.13 Billion INR
Based on the latest financial reports, Kitex Garments Limited (KITEX) has net assets worth ₹12.13 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹27.42 Billion) and total liabilities (₹15.29 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹12.13 Billion |
| % of Total Assets | 44.24% |
| Annual Growth Rate | 26.78% |
| 5-Year Change | 73.87% |
| 10-Year Change | 231.45% |
| Growth Volatility | 15.42 |
Kitex Garments Limited - Net Assets Trend (2006–2025)
This chart illustrates how Kitex Garments Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Kitex Garments Limited (2006–2025)
The table below shows the annual net assets of Kitex Garments Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹12.10 Billion | +17.21% |
| 2024-03-31 | ₹10.32 Billion | +5.67% |
| 2023-03-31 | ₹9.77 Billion | +20.28% |
| 2022-03-31 | ₹8.12 Billion | +16.72% |
| 2021-03-31 | ₹6.96 Billion | +8.48% |
| 2020-03-31 | ₹6.41 Billion | +13.82% |
| 2019-03-31 | ₹5.63 Billion | +12.99% |
| 2018-03-31 | ₹4.99 Billion | +12.20% |
| 2017-03-31 | ₹4.44 Billion | +21.78% |
| 2016-03-31 | ₹3.65 Billion | +38.32% |
| 2015-03-31 | ₹2.64 Billion | +51.51% |
| 2014-03-31 | ₹1.74 Billion | +42.34% |
| 2013-03-31 | ₹1.22 Billion | +25.59% |
| 2012-03-31 | ₹974.27 Million | +32.33% |
| 2011-03-31 | ₹736.23 Million | +33.36% |
| 2010-03-31 | ₹552.06 Million | +43.88% |
| 2009-03-31 | ₹383.69 Million | +28.76% |
| 2008-03-31 | ₹297.99 Million | +35.15% |
| 2007-03-31 | ₹220.48 Million | +65.42% |
| 2006-03-31 | ₹133.29 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kitex Garments Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 666308200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹6.66 Billion | 64.50% |
| Common Stock | ₹199.50 Million | 1.93% |
| Other Comprehensive Income | ₹-182.00K | 0.00% |
| Other Components | ₹3.47 Billion | 33.57% |
| Total Equity | ₹10.33 Billion | 100.00% |
Kitex Garments Limited Competitors by Market Cap
The table below lists competitors of Kitex Garments Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Saha Pathanapibul Public Company Limited
BK:SPC
|
$134.12 Million |
|
CHC Healthcare Group
TW:4164
|
$134.14 Million |
|
Capital Limited
PINK:CAPFF
|
$134.14 Million |
|
Gansu Mogao Industrial Development Co Ltd
SHG:600543
|
$134.15 Million |
|
ECB Bancorp Inc.
NASDAQ:ECBK
|
$134.04 Million |
|
Stellar V Capital Corp. Unit
NASDAQ:SVCCU
|
$134.03 Million |
|
Global Cord Blood Corp
OTCMKTS:CORBF
|
$134.00 Million |
|
Hubtown Limited
NSE:HUBTOWN
|
$134.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kitex Garments Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,045,867,000 to 10,329,900,000, a change of 1,284,033,000 (14.2%).
- Net income of 1,387,327,000 contributed positively to equity growth.
- Dividend payments of 99,932,000 reduced retained earnings.
- Other comprehensive income decreased equity by 3,265,441,000.
- Other factors increased equity by 3,262,079,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹1.39 Billion | +13.43% |
| Dividends Paid | ₹99.93 Million | -0.97% |
| Other Comprehensive Income | ₹-3.27 Billion | -31.61% |
| Other Changes | ₹3.26 Billion | +31.58% |
| Total Change | ₹- | 14.19% |
Book Value vs Market Value Analysis
This analysis compares Kitex Garments Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.11x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 80.22x to 3.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | ₹2.00 | ₹160.78 | x |
| 2007-03-31 | ₹3.32 | ₹160.78 | x |
| 2008-03-31 | ₹4.48 | ₹160.78 | x |
| 2009-03-31 | ₹5.77 | ₹160.78 | x |
| 2010-03-31 | ₹8.30 | ₹160.78 | x |
| 2011-03-31 | ₹11.07 | ₹160.78 | x |
| 2012-03-31 | ₹14.65 | ₹160.78 | x |
| 2013-03-31 | ₹18.40 | ₹160.78 | x |
| 2014-03-31 | ₹26.19 | ₹160.78 | x |
| 2015-03-31 | ₹39.68 | ₹160.78 | x |
| 2016-03-31 | ₹54.89 | ₹160.78 | x |
| 2017-03-31 | ₹93.58 | ₹160.78 | x |
| 2018-03-31 | ₹74.99 | ₹160.78 | x |
| 2019-03-31 | ₹84.74 | ₹160.78 | x |
| 2020-03-31 | ₹96.45 | ₹160.78 | x |
| 2021-03-31 | ₹104.63 | ₹160.78 | x |
| 2022-03-31 | ₹122.12 | ₹160.78 | x |
| 2023-03-31 | ₹129.07 | ₹160.78 | x |
| 2024-03-31 | ₹136.03 | ₹160.78 | x |
| 2025-03-31 | ₹51.77 | ₹160.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kitex Garments Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.43%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.12%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 2.50x
- Recent ROE (13.43%) is below the historical average (22.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 33.26% | 4.19% | 1.58x | 5.03x | ₹31.01 Million |
| 2007 | 43.33% | 6.25% | 0.93x | 7.46x | ₹73.48 Million |
| 2008 | 29.67% | 5.02% | 0.96x | 6.15x | ₹58.61 Million |
| 2009 | 25.96% | 5.46% | 0.85x | 5.57x | ₹61.22 Million |
| 2010 | 33.52% | 7.48% | 1.09x | 4.11x | ₹129.84 Million |
| 2011 | 28.02% | 8.52% | 0.97x | 3.39x | ₹132.70 Million |
| 2012 | 27.83% | 8.69% | 1.17x | 2.75x | ₹173.73 Million |
| 2013 | 24.01% | 9.27% | 1.07x | 2.41x | ₹171.41 Million |
| 2014 | 32.94% | 12.97% | 1.10x | 2.32x | ₹399.52 Million |
| 2015 | 37.33% | 19.28% | 0.95x | 2.03x | ₹721.30 Million |
| 2016 | 30.05% | 20.10% | 0.89x | 1.69x | ₹731.95 Million |
| 2017 | 18.85% | 15.35% | 1.00x | 1.22x | ₹393.32 Million |
| 2018 | 12.74% | 12.43% | 0.85x | 1.20x | ₹136.79 Million |
| 2019 | 12.68% | 12.69% | 0.74x | 1.34x | ₹150.96 Million |
| 2020 | 16.12% | 14.88% | 0.83x | 1.30x | ₹392.33 Million |
| 2021 | 7.80% | 12.68% | 0.54x | 1.13x | ₹-153.05 Million |
| 2022 | 15.41% | 16.77% | 0.75x | 1.22x | ₹439.13 Million |
| 2023 | 6.71% | 10.74% | 0.47x | 1.32x | ₹-282.79 Million |
| 2024 | 6.23% | 9.77% | 0.30x | 2.13x | ₹-341.28 Million |
| 2025 | 13.43% | 14.12% | 0.38x | 2.50x | ₹354.34 Million |
Industry Comparison
This section compares Kitex Garments Limited's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $6,637,378,320
- Average return on equity (ROE) among peers: 4.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kitex Garments Limited (KITEX) | ₹12.13 Billion | 33.26% | 1.26x | $134.11 Million |
| Aditya Birla Fashion and Retail Limited (ABFRL) | $14.29 Billion | 22.48% | 3.63x | $374.74 Million |
| Arvind Fashions Limited (ARVINDFASN) | $90.00K | -11.11% | 2.44x | $338.02 Million |
| Bang Overseas Limited (BANG) | $832.73 Million | 0.11% | 0.89x | $1.27 Million |
| Bhandari Hosiery Exports Limited (BHANDARI) | $739.08 Million | 7.19% | 1.78x | $4.21 Million |
| Cantabil Retail India Limited (CANTABIL) | $774.86 Million | 6.54% | 0.77x | $58.42 Million |
| Celebrity Fashions Limited (CELEBRITY) | $1.50 Billion | -3.67% | 1.62x | $2.27 Million |
| Dollar Industries Limited (DOLLAR) | $1.45 Billion | 18.11% | 2.55x | $62.71 Million |
| Filatex Fashions Limited (FILATFASH) | $23.12 Billion | 0.41% | 0.06x | $9.78 Million |
| Future Lifestyle Fashions Limited (FLFL) | $19.22 Billion | 2.34% | 1.13x | $2.50 Million |
| Gokaldas Exports Limited (GOKEX) | $4.44 Billion | 0.77% | 1.08x | $393.89 Million |