Kewal Kiran Clothing Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹2,659 Cr
- P/E
- 17.96
- ROE
- 14.72%
- PEG
- 3.55
- Price to sales
- 2.11
- Debt to equity
- 0.11
- 52W high / low
- ₹546 / ₹413
- Sales growth (5Y)
- 31.99%
- EBITDA margin
- 19.84%
- Net profit margin
- 11.45%
- Promoter holding
- 74.29%
- Sales (last year)
- ₹1,258 Cr
Kewal Kiran Clothing Limited was incorporated in 1992. The Company is engaged in manufacturing, marketing and retailing of branded readymade garments and finished accessories. The company has consumers in Asia, Middle East and CIS (Commonwealth of Independent States). Its registered office is in Mumbai. [1][2]
Guidance scorecard · Q1 FY27 call
What Kewal Kiran Clothing Ltd's management guided
and where it ranks in Textiles & Apparels
Textiles & Apparels
RevenueQ1 FY27 call
10–20%- KKCL aspires to accelerate long-term growth from 15% CAGR to 20% CAGR over the next three years through organic growth and value-accretive acquisitions.
- For Q1 FY’27, consolidated revenue grew 19% YoY with apparel volumes increasing 24%, reflecting strong consumer demand.
- Management remains confident about sustaining growth momentum through FY’27 and beyond, backed by a resilient business model and strategic priorities including brand strengthening and distribution expansion.
- Retail expansion target is to open 50-70 net exclusive brand outlets (EBOs) in FY’27.
- Growth is broad-based across brands and channels including MBO, LFS, online, and exports.
2 more points from Kewal Kiran Clothing Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Kewal Kiran Clothing Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Cash reserves of around Rs. 400-500 crores are being kept partly for potential acquisitions and strategic investments.
- Discussions are ongoing.
- Store expansion target remains at opening 50-70 Exclusive Brand Outlets (EBOs) for the current financial year, indicating ongoing investment in retail footprint.
- Exports expected to remain flat in the near term.
FundraisingQ1 FY27 call
See what Kewal Kiran Clothing Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Ask what Kewal Kiran Clothing Ltd said on the order book →
Full Q1 FY27 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Textiles & Apparels
on management's own guidance
- Strong growth2
- Strong growth1
- Sumeet IndustrieGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Textiles & Apparels companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹560 Cr | 90.6 | |
| 2 | 40%+ | Flat | ₹421 Cr | 27.7 | |
| 3 | Sumeet Industrie | 20–40% | Up 2%+ | ₹751 Cr | 30.3 |
| 4 | 20–40% | Up 2%+ | ₹305 Cr | 20.4 | |
| 5 | 20–40% | Up 0–2% | ₹2,823 Cr | 17.5 | |
| 6 | 20–40% | Up 0–2% | ₹1,225 Cr | 69.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Textiles & Apparels rankingFinancials of Kewal Kiran Clothing Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Kewal Kiran Clothing Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 199 | 178 | 262 | 200 | 219 | 151 | 308 | 255 | 288 | 234 | 354 | 301 | 324 |
| Expenses + | 160 | 144 | 201 | 161 | 177 | 124 | 244 | 208 | 236 | 192 | 283 | 238 | 262 |
| Operating Profit | 39 | 34 | 62 | 39 | 42 | 28 | 64 | 47 | 52 | 42 | 71 | 63 | 62 |
| OPM % | 20% | 19% | 24% | 19% | 19% | 18% | 21% | 18% | 18% | 18% | 20% | 21% | 19% |
| Other Income + | 8 | 11 | 8 | 9 | 9 | 11 | 34 | 2 | 3 | 14 | 7 | 3 | -0 |
| Interest | 2 | 2 | 1 | 1 | 1 | 1 | 3 | 3 | 4 | 4 | 4 | 4 | 3 |
| Depreciation | 2 | 2 | 3 | 3 | 3 | 3 | 9 | 10 | 10 | 11 | 11 | 11 | 12 |
| Profit before tax | 42 | 41 | 66 | 44 | 48 | 35 | 86 | 36 | 41 | 41 | 63 | 51 | 47 |
| Tax % | 26% | 18% | 25% | 25% | 21% | 28% | 22% | 27% | 26% | 22% | 25% | 26% | 27% |
| Net Profit + | 31 | 34 | 50 | 33 | 38 | 25 | 68 | 26 | 30 | 32 | 47 | 38 | 35 |
| EPS in Rs | 5.11 | 5.47 | 8.06 | 5.39 | 6.14 | 4.09 | 10.63 | 3.99 | 4.73 | 5.08 | 7.28 | 5.54 | 5.03 |
Financials of Kewal Kiran Clothing Ltd
Profit & Loss
Annual income statement trend
| Mar 2006 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 87 | 444 | 466 | 460 | 503 | 530 | 303 | 608 | 779 | 860 | 1,003 | 1,213 |
| Expenses + | 68 | 340 | 368 | 362 | 391 | 435 | 284 | 508 | 628 | 683 | 812 | 975 |
| Operating Profit | 20 | 104 | 99 | 98 | 112 | 95 | 19 | 100 | 152 | 177 | 191 | 238 |
| OPM % | 23% | 23% | 21% | 21% | 22% | 18% | 6% | 16% | 19% | 21% | 19% | 20% |
| Other Income + | 1 | 7 | 17 | 21 | 22 | 18 | 17 | 17 | 20 | 37 | 49 | 24 |
| Interest | 1 | 3 | 3 | 5 | 7 | 9 | 7 | 5 | 6 | 4 | 10 | 14 |
| Depreciation | 2 | 4 | 5 | 6 | 8 | 8 | 7 | 7 | 9 | 10 | 32 | 44 |
| Profit before tax | 18 | 104 | 108 | 108 | 119 | 96 | 23 | 105 | 157 | 199 | 198 | 203 |
| Tax % | 34% | 34% | 31% | 33% | 33% | 24% | 12% | 22% | 24% | 23% | 24% | 25% |
| Net Profit + | 12 | 68 | 75 | 73 | 80 | 73 | 20 | 82 | 119 | 154 | 149 | 152 |
| EPS in Rs | 11.03 | 12.10 | 11.88 | 13.03 | 11.86 | 3.21 | 13.25 | 19.31 | 25.00 | 23.44 | 23.03 | |
| Dividend Payout % | 12% | 109% | 31% | 56% | 52% | 73% | 143% | 143% | 26% | 8% | 9% | 9% |
Financials of Kewal Kiran Clothing Ltd
Balance Sheet
Capital structure and asset base
| Mar 2006 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 12 | 12 | 12 | 12 | 12 | 12 | 62 | 62 | 62 | 62 | 62 |
| Reserves | 28 | 286 | 362 | 387 | 418 | 434 | 421 | 416 | 485 | 614 | 758 | 877 |
| Borrowings + | 16 | 29 | 41 | 48 | 93 | 88 | 50 | 82 | 66 | 20 | 164 | 128 |
| Other Liabilities + | 493 | 96 | 98 | 109 | 122 | 102 | 100 | 183 | 204 | 142 | 442 | 430 |
| Total Liabilities | 546 | 424 | 513 | 556 | 645 | 636 | 582 | 743 | 817 | 837 | 1,426 | 1,497 |
| Fixed Assets + | 18 | 60 | 65 | 70 | 82 | 83 | 82 | 86 | 109 | 117 | 486 | 486 |
| CWIP | 8 | 3 | 7 | 9 | 2 | 3 | 1 | 1 | 1 | 0 | 0 | 11 |
| Investments | 2 | 160 | 205 | 230 | 235 | 195 | 131 | 140 | 152 | 177 | 174 | 165 |
| Other Assets + | 518 | 202 | 236 | 248 | 325 | 356 | 368 | 516 | 554 | 543 | 766 | 834 |
| Total Assets | 546 | 424 | 513 | 556 | 645 | 636 | 582 | 743 | 817 | 837 | 1,426 | 1,497 |
Financials of Kewal Kiran Clothing Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2006 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -4 | 47 | 80 | 56 | -0 | 51 | 97 | 57 | 75 | 136 | 14 | 183 |
| Cash from Investing Activity + | -12 | 10 | -9 | -14 | 3 | 46 | 62 | -2 | -18 | -10 | -184 | -28 |
| Cash from Financing Activity + | 496 | -79 | -27 | -46 | -11 | -70 | -85 | -32 | -52 | -66 | -20 | -51 |
| Net Cash Flow | 480 | -22 | 43 | -4 | -8 | 26 | 74 | 23 | 5 | 59 | -191 | 104 |
| Free Cash Flow | -18 | 36 | 66 | 47 | -12 | 40 | 94 | 48 | 51 | 126 | -70 | 166 |
| CFO/OP | 10% | 76% | 111% | 88% | 34% | 78% | 532% | 80% | 72% | 99% | 25% | 96% |
Financials of Kewal Kiran Clothing Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2006 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 55 | 90 | 83 | 96 | 129 | 118 | 158 | 103 | 80 | 86 | 114 | 97 |
| Inventory Days | 179 | 156 | 128 | 146 | 262 | 267 | 168 | 376 | 493 | 123 | 548 | 161 |
| Days Payable | 93 | 131 | 99 | 120 | 141 | 148 | 122 | 178 | 143 | 65 | 264 | 57 |
| Cash Conversion Cycle | 142 | 114 | 112 | 121 | 250 | 237 | 205 | 301 | 430 | 144 | 398 | 201 |
| Working Capital Days | -1,933 | 75 | 51 | 62 | 111 | 122 | 60 | 25 | 48 | 70 | 84 | 147 |
| ROCE % | 30% | 26% | 26% | 20% | 6% | 19% | 26% | 31% | 18% | 18% |
Guidance history
How Kewal Kiran Clothing Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | — |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
19 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −17.2% | 40% |
| Last 6 months | −9.2% | 38% |
| Last 3 months | −14.7% | 29% |
The price is 45.5% below its all-time high of ₹790.9 (24 Nov 2023). Stocks more than 20% below their peak have their score halved, so 37 became 19.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Kewal Kiran Clothing Ltd: 0.4 × 40 + 0.4 × 38 + 0.2 × 29 = 37, halved to 19 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Kewal Kiran Clothing Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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