Kitex Garments Limited Share Price Target – Kitex Garments Limited is a major maker of newborn apparel in India. It is a leading supplier of children’s apparel on Amazon and Walmart worldwide. The company has steadily expanded over the years and is now one of the most trusted brands. It experienced a remarkable rise of more than 40% in FY2013, and we can predict good returns in the coming two years. In this projection, we will predict Kitex Garments’ share price in 2024, 2025, 2026, 2027, 2028, and 2030.
About the Company- KITEX Garment
The Kitex Garments Limited company was established in 1992 and was led by Sabu M. Jacob. This company makes clothing; cotton is their primary product, and they use organic cotton to make their outfits. The Kitex Garments Limited. It mostly produces clothing for young children and imports clothing from both domestic and foreign sources. In addition to producing ready-to-wear clothing on a massive scale, this company also specializes in clothing for young newborns.
A division of the company, Kitex Garments Limited maintains distribution hubs in both Europe and the US. The company’s main business is producing clothes for girls and boys made of organic cotton. Kitex offers a large selection of items for kids, including dresses, rompers, bodysuits, blouses, skirts, and sleepwear. Kitex Babywear Ltd., Kitex Littlewear Ltd., Kitex Packs Ltd., Kitex Socks Ltd., Kitex Kidswear Ltd., and other subsidiaries are among the companies’ holdings.
Overview of KITEX Share Price
| Current Price | ₹ 321.55 |
| Open | ₹ 284.75 |
| High | ₹ 339 |
| 52 High | ₹339 |
| 52 Low | ₹176.2 |
| Market Cap | ₹ 2,152.61 Cr. |
| Revenue (FY23) | ₹145.78 crore |
| Net Income | 7.86 crore |
| Net profit margin | 5.39% |
| PE Ratio (TTM) | 10.13 |
| EPS (TTM) | 14.79 |
| Dividend Yield | 1.00 |
KITEX Share Price Target 2024 To 2030
Our KITEX share price target for 2024, 2025, 2026, and up to 2030 is derived from the latest trade data and algorithms. During the upcoming years, these goals could act as levels of support and resistance.
| Year | Share Price Target |
| 2024 | ₹398 |
| 2025 | ₹488 |
| 2026 | ₹549 |
| 2027 | ₹610 |
| 2028 | ₹693 |
| 2029 | ₹768 |
| 2030 | ₹864 |
How to purchase KITEX Share Price
Along with using Zerodha, Upstox, Groww, and Angel One, you may purchase KITEX shares through a number of buying and trading platforms.
Peer Companies of KITEX
In the textile manufacturing region, KITEX has competition from a number of notable companies, including:
- Page Industry Ltd.
- K.P.R Mill Ltd.
- Vedant Fashion Ltd.
- Swan Energy Ltd.
- Welspun Living Ltd.
Investor Type & Ratios for KITEX Share
Understanding the investor makeup assists for measuring the stability and increase capabilities of Kitex.
| Promoters | 56.66% |
| Foreign Institutions | 0.71% |
| Domestic Institutions | 0.00% |
| Public | 42.64% |
Advantages & Disadvantages for KITEX Share Price
Advantages:
- The corporation has drastically reduced their debt by 48.07 crore.
- The company is basically debt-free.
- The company has a favorable interest coverage ratio of 19.21.
- The company has a strong liquidity situation, with a current ratio of 3.31.
Disadvantages:
- The company has had a dismal profit growth rate of -18.23% during the last three years.
- For the past three years, the company’s sales growth has been low, at -9.00%.
It’s important to remember that, while these price estimates are based on technical analysis, other market factors and news could have an impact on the stock’s performance. As a result, these hypothetical aims should be regarded as guides rather than as financial advice. Before making an investment, always conduct your own due diligence.
