Kitex Garments Limited is a leading manufacturer of infant wear in India. It is one of the leading suppliers of kid’s clothing on Amazon and Walmart in the world. The company has grown steadily over the years and is one of the most trusted names. It has seen a strong growth of over 40% in FY2013 and we can expect good returns in the next 2 years. In this forecast, we will predict the share price of Kitex Garments for the years 2024, 2025, 2028, 2030 and 2035.
Before predicting its share price we need to know its fundamentals. Kitex Garments Limited is a subsidiary of the group and has distribution centres in the United States and Europe. The company is primarily engaged in organic cotton garments for boys and girls.
Kitex has a wide range of products for children, such as sleepwear, rompers, bodysuits, tops, skirts and dresses. The companies have subsidiaries like Kitex Babywear Ltd., Kitex Littlewear Ltd., Kitex Packs Ltd., Kitex Socks Ltd., Kitex Kidswear Ltd., etc.
Currently, its share price is Rs 224.15 and its market cap is Rs 996 crore. The PE ratio is 10.13 and the Earnings Per Share (EPS) is 14.79. If we look at its shareholding pattern, there are only a few foreign-qualified shareholders, which is not good for the long term.
Kitex Garments Stock Overview
| Founded | 1992 |
| Volume | 79,660 |
| 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 |
| Buy/Sell | Buy |
| Face Value | 1 |
| Official Website | www.kitexgarments.com |
Kitex Share Price Forecast:
Note: Readers are advised that the target price is based on our research, experience and technical analysis. It is only an estimated value that may differ from the actual price at that time. Therefore, you are advised to research well and consult with your financial advisor.
Kitex Share price target for 2024 to 2035
In 2024, with our research and forecast system, the lowest share price target would be Rs 234.30 to Rs 262.20. At the end of the year, the maximum target price for Kitex shares will be Rs 267.40 to Rs 278.40.
- Target 1: Rs 234.30 to Rs 262.20
- Target 2: Rs 267.40 to Rs 278.40
2025
In 2025, according to our research and experience, the lowest price target would be Rs 272.30 to Rs 286.10. At the end of the year, the maximum target price for Kitex shares will be Rs 292.30 to Rs 318.70 by 2025.
- Target 1: Rs 272.30 to Rs 286.10
- Target 2:Rs 292.30 to Rs 318.70
2026
In 2026, with our research and experience, the minimum target price is Rs 322.20 to Rs 342.30. The maximum target price for Kitex shares at year-end is Rs 375.20 to Rs 395.30.
- Target 1: Rs 322.20 to Rs 342.30
- Target 2: Rs 375.20 to Rs 395.30
2028
According to our research and technical analysis, the minimum share price target is Rs 385.20 to Rs 406.40. Whereas the maximum target price at the end of the year is Rs 325.30 to Rs 365.70.
- Target 1: Rs 385.20 to Rs 406.40
- Target 2: Rs 325.30 to Rs 365.70
2030
In 2030, with our research and forecast system, the minimum share price target is Rs 485.80 to Rs 525.30. And the maximum target price of Kitex shares can reach Rs 545.60 to Rs 595.10 at the end of the year.
- Target 1: Rs 485.80 to Rs 525.30
- Target 2: Rs 545.60 to Rs 595.10
2035
According to our research and forecast system, the minimum share price target is Rs 865.55 to Rs 895.45. And at the end of the year, the maximum target price can reach Rs 935.20 to Rs 980.40.
- Target 1: Rs 865.55 to Rs 895.45
- Target 2: Rs 935.20 to Rs 980.40
Kitex Shareholding Pattern
The following is the shareholding pattern as of December 2022:
| Promoters | 56.66% |
| Foreign Institutions | 0.71% |
| Domestic Institutions | 0.00% |
| Public | 42.64% |
Risk Factors
There are several risk factors associated with this stock even any stock in the market. As it is a very competitive product in the market new entrants can affect its market share. Besides, many other risk factors may always remain.
Such as-
- Changes in govt law
- Competition in the market
- Several global crises
- Market trends
Is Kitex Garments a Good Stock to Buy?
It will be profitable stock and you can expect a good return for long-term (1-2 year) investments. If we look at its records, it has performed consistently very well over the years. Now, it’s time to buy, you should go with the risk as it is volatile and there is always a risk. You should consult your financial advisor before investing.
Remember: There are only a few professional shareholders, which is not a good sign for long-term investments (5 to 10 years).
FAQs
A: The share price target for Kitex will be 286.10 to Rs 318.70 in 2025.
A: The share price target for Kitex will be Rs 525.30 to Rs 595.10 in 2030.
A: The stock price of Kitex Garments will be Rs 545.60 to Rs 595.10 for the next 5 years.
A: Yes, it will be profitable for long-term investment. You can expect an earning potential of 47.6% in two years.
Disclaimer: The share price predictions on our website (bankshala.com) are for general information only. We are not SEBI-registered financial advisors and no part of the website content should be considered financial advice for your investments.
