Kitex Garments Limited (KITEX) - Net Assets
Based on the latest financial reports, Kitex Garments Limited (KITEX) has net assets worth Rs12.39 Billion INR (≈ $133.98 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs30.42 Billion ≈ $328.99 Million USD) and total liabilities (Rs18.03 Billion ≈ $195.01 Million USD). 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. Check KITEX goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs12.39 Billion |
| % of Total Assets | 40.72% |
| Annual Growth Rate | 25.43% |
| 5-Year Change | 52.55% |
| 10-Year Change | 178.72% |
| Growth Volatility | 16.01 |
Kitex Garments Limited - Net Assets Trend (2006–2026)
This chart illustrates how Kitex Garments Limited's net assets have evolved over time, based on quarterly financial data. See KITEX days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Kitex Garments Limited (2006–2026)
The table below shows the annual net assets of Kitex Garments Limited from 2006 to 2026. For live valuation and market cap data, see Kitex Garments Limited market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs12.39 Billion ≈ $133.98 Million |
+2.40% |
| 2025-03-31 | Rs12.10 Billion ≈ $130.83 Million |
+17.21% |
| 2024-03-31 | Rs10.32 Billion ≈ $111.62 Million |
+5.67% |
| 2023-03-31 | Rs9.77 Billion ≈ $105.63 Million |
+20.28% |
| 2022-03-31 | Rs8.12 Billion ≈ $87.82 Million |
+16.72% |
| 2021-03-31 | Rs6.96 Billion ≈ $75.25 Million |
+8.48% |
| 2020-03-31 | Rs6.41 Billion ≈ $69.36 Million |
+13.82% |
| 2019-03-31 | Rs5.63 Billion ≈ $60.94 Million |
+12.99% |
| 2018-03-31 | Rs4.99 Billion ≈ $53.93 Million |
+12.20% |
| 2017-03-31 | Rs4.44 Billion ≈ $48.07 Million |
+21.78% |
| 2016-03-31 | Rs3.65 Billion ≈ $39.47 Million |
+38.32% |
| 2015-03-31 | Rs2.64 Billion ≈ $28.54 Million |
+51.51% |
| 2014-03-31 | Rs1.74 Billion ≈ $18.84 Million |
+42.34% |
| 2013-03-31 | Rs1.22 Billion ≈ $13.23 Million |
+25.59% |
| 2012-03-31 | Rs974.27 Million ≈ $10.54 Million |
+32.33% |
| 2011-03-31 | Rs736.23 Million ≈ $7.96 Million |
+33.36% |
| 2010-03-31 | Rs552.06 Million ≈ $5.97 Million |
+43.88% |
| 2009-03-31 | Rs383.69 Million ≈ $4.15 Million |
+28.76% |
| 2008-03-31 | Rs297.99 Million ≈ $3.22 Million |
+35.15% |
| 2007-03-31 | Rs220.48 Million ≈ $2.38 Million |
+65.42% |
| 2006-03-31 | Rs133.29 Million ≈ $1.44 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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs199.50 Million | 1.94% |
| Other Components | Rs10.10 Billion | 98.06% |
| Total Equity | Rs10.30 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 |
|---|---|
|
Jilin Gpro Titanium Industry Co Ltd
SHE:000545
|
$348.02 Million |
|
EDREAMS ODIGEO UNS.ADR/10
F:K0I
|
$348.18 Million |
|
Hisem Co Ltd
KQ:200470
|
$348.22 Million |
|
ON24 Inc
NYSE:ONTF
|
$348.25 Million |
|
Datavault AI Inc.
NASDAQ:DVLT
|
$347.79 Million |
|
Qtone Education Group Guangdong Ltd
SHE:300359
|
$347.54 Million |
|
Guizhou Wire Rope Co Ltd
SHG:600992
|
$347.53 Million |
|
Natures Sunshine Products Inc
NASDAQ:NATR
|
$347.48 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 2025 to 2026, total equity changed from 10,329,900,000 to 10,298,263,000, a change of -31,637,000 (-0.3%).
- Net income of 59,087,000 contributed positively to equity growth.
- Dividend payments of 99,432,000 reduced retained earnings.
- Other comprehensive income increased equity by 182,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs59.09 Million | +0.57% |
| Dividends Paid | Rs99.43 Million | -0.97% |
| Other Comprehensive Income | Rs182.00K | +0.0% |
| Other Changes | Rs8.53 Million | +0.08% |
| Total Change | Rs- | -0.31% |
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: 3.08x
- 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 80.43x to 3.08x 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 | Rs2.00 | Rs161.21 | x |
| 2007-03-31 | Rs3.32 | Rs161.21 | x |
| 2008-03-31 | Rs4.48 | Rs161.21 | x |
| 2009-03-31 | Rs5.77 | Rs161.21 | x |
| 2010-03-31 | Rs8.30 | Rs161.21 | x |
| 2011-03-31 | Rs11.07 | Rs161.21 | x |
| 2012-03-31 | Rs14.65 | Rs161.21 | x |
| 2013-03-31 | Rs18.40 | Rs161.21 | x |
| 2014-03-31 | Rs26.19 | Rs161.21 | x |
| 2015-03-31 | Rs39.68 | Rs161.21 | x |
| 2016-03-31 | Rs54.89 | Rs161.21 | x |
| 2017-03-31 | Rs93.58 | Rs161.21 | x |
| 2018-03-31 | Rs74.99 | Rs161.21 | x |
| 2019-03-31 | Rs84.74 | Rs161.21 | x |
| 2020-03-31 | Rs96.45 | Rs161.21 | x |
| 2021-03-31 | Rs104.63 | Rs161.21 | x |
| 2022-03-31 | Rs122.12 | Rs161.21 | x |
| 2023-03-31 | Rs129.07 | Rs161.21 | x |
| 2024-03-31 | Rs136.03 | Rs161.21 | x |
| 2025-03-31 | Rs51.77 | Rs161.21 | x |
| 2026-03-31 | Rs52.29 | Rs161.21 | 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): 0.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.89%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 2.95x
- Recent ROE (0.57%) is below the historical average (21.74%), 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 | Rs31.01 Million |
| 2007 | 43.33% | 6.25% | 0.93x | 7.46x | Rs73.48 Million |
| 2008 | 29.67% | 5.02% | 0.96x | 6.15x | Rs58.61 Million |
| 2009 | 25.96% | 5.46% | 0.85x | 5.57x | Rs61.22 Million |
| 2010 | 33.52% | 7.48% | 1.09x | 4.11x | Rs129.84 Million |
| 2011 | 28.02% | 8.52% | 0.97x | 3.39x | Rs132.70 Million |
| 2012 | 27.83% | 8.69% | 1.17x | 2.75x | Rs173.73 Million |
| 2013 | 24.01% | 9.27% | 1.07x | 2.41x | Rs171.41 Million |
| 2014 | 32.94% | 12.97% | 1.10x | 2.32x | Rs399.52 Million |
| 2015 | 37.33% | 19.28% | 0.95x | 2.03x | Rs721.30 Million |
| 2016 | 30.05% | 20.10% | 0.89x | 1.69x | Rs731.95 Million |
| 2017 | 18.85% | 15.35% | 1.00x | 1.22x | Rs393.32 Million |
| 2018 | 12.74% | 12.43% | 0.85x | 1.20x | Rs136.79 Million |
| 2019 | 12.68% | 12.69% | 0.74x | 1.34x | Rs150.96 Million |
| 2020 | 16.12% | 14.88% | 0.83x | 1.30x | Rs392.33 Million |
| 2021 | 7.80% | 12.68% | 0.54x | 1.13x | Rs-153.05 Million |
| 2022 | 15.41% | 16.77% | 0.75x | 1.22x | Rs439.13 Million |
| 2023 | 6.71% | 10.74% | 0.47x | 1.32x | Rs-282.79 Million |
| 2024 | 6.23% | 9.77% | 0.30x | 2.13x | Rs-341.28 Million |
| 2025 | 13.43% | 14.12% | 0.38x | 2.50x | Rs354.34 Million |
| 2026 | 0.57% | 0.89% | 0.22x | 2.95x | Rs-970.74 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: $3,637,925,973
- Average return on equity (ROE) among peers: 5.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kitex Garments Limited (KITEX) | Rs12.39 Billion | 33.26% | 1.46x | $347.81 Million |
| Aditya Birla Fashion and Retail Limited (ABFRL) | $3.46 Billion | -66.02% | 5.19x | $809.80 Million |
| Arvind Fashions Limited (ARVINDFASN) | $12.21 Billion | 1.36% | 1.89x | $690.93 Million |
| Bang Overseas Limited (BANG) | $65.39 Million | 32.88% | 3.59x | $4.39 Million |
| Bhandari Hosiery Exports Limited (BHANDARI) | $213.67 Million | 5.36% | 1.58x | $11.16 Million |
| Cantabil Retail India Limited (CANTABIL) | $148.01 Million | 41.98% | 6.80x | $207.36 Million |
| Dollar Industries Limited (DOLLAR) | $1.45 Billion | 18.11% | 2.55x | $160.30 Million |
| Future Lifestyle Fashions Limited (FLFL) | $12.91 Billion | 1.80% | 2.05x | $2.92 Million |
| Gokaldas Exports Limited (GOKEX) | $4.44 Billion | 0.77% | 1.08x | $621.34 Million |
| Iris Clothings Limited (IRISDOREME) | $822.84 Million | 15.95% | 0.91x | $73.70 Million |
| Nandani Creation Limited (JAIPURKURT) | $661.21 Million | 3.00% | 0.94x | $5.33 Million |
About 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