Kewal Kiran

about 8 years ago

This less known stock, Kewal Kiran Clothing, which makes apparels and lifestyle accessories owns brands like Killer, LawmanPg3, Integriti and Easies. The Rs.10 face value stock has low floating stocks – promoters hold 74.21%, FIIs hold 13.22%, with total institutional/mutual fund holding at 21.48%, leaving very little floating stock. Its market cap stands at Rs.2150 crore.

The company had a good Q3FY17 It clocked a net sales at Rs.98 crore, up by a mere 3% (YoY). Total expenses rose 10% and the impact is seen on the bottomlines and margins. EBITDA for the quarter was at Rs.11 crore, down 35% and margins slipped from 17% to 11%. The company ended Q3 with a net profit at Rs.9 crore, down 18%.

Equity stands at Rs.12.33 crore and annualized EPS is at Rs.55 (FV at Rs.10). Debt stands at Rs.43 crore, up 53%, yet remains pretty small.

596.45 (-5.10)

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