Kitex Garments Consolidated June 2023 Net Sales at Rs 145.78 crore, down 41.55% Y-o-Y

Kitex Garments Standalone June 2023 Net Sales at Rs 145.78 crore, down 41.55% Y-o-Y

Kerala’s Kitex Garments to ramp up investment in TS to ₹3,000 cr.

Farmers say government paid them only ₹10 lakh per acre while the market price is ₹50 lakh per acre

Farmers oppose land acquisition for Kitex garments unit

Shares of Kitex Garments tanked 14 per cent Rs 152.20 on Wednesday, hitting its new 52-week low, following the announcement of results. The stock has plunged more than 20 per cent in the year 2022 so far.

Kitex Garments shares tank 14% as company reports net loss in Q3, revenue slips 67%

EKI Energy Services Ltd, Jindal Poly Films Ltd, Techno Electric & Engineering Company Ltd and Uflex Ltd are among the other losers in the BSE’s ‘A’ group today, 15 February 2023.

Kitex Garments Ltd leads losers in ‘A’ group

However, Kitex Garments said the company’s order book in queue for 2023-24 indicates achieving a better performance in Q1 and normal performance by Q2

Rupa & Co, Dollar Ind, Kitex Garments hit 52-wk lows on weak Q3 results

Sterlite Technologies Ltd, HEG Ltd, Garden Reach Shipbuilders & Engineers Ltd and Kitex Garments Ltd are among the other gainers in the BSE’s ‘A’ group today, 06 October 2022.

JSW Energy Ltd leads gainers in ‘A’ group

Kitex Garments Consolidated March 2022 Net Sales at Rs 253.55 crore, up 126.97% Y-o-Y

Kitex Garments consolidated net profit rises 434.46% in the March 2022 quarter

The company’s EBITDA margin for this quarter stood at 26.20%, higher by 80.32% YoY as compared to Q3 FY21.

Kitex Garments witnesses robust growth in Q3, PAT at Rs34.71cr

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Kitex Garments Limited is engaged in the manufacture of fabric and readymade garments.

Kitex Garments Ltd