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Kewal Kiran Clothing Limited
(KKCL)
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Rating:69Neutral
Price Target:
₹565.00
▲(13.23% Upside)
Action:Reiterated
Date:08/22/26
The score is driven primarily by strong financial performance (scaling revenue and a solid balance sheet), tempered by uneven cash-flow consistency and some margin/cost pressure. Technicals add modest support with price above key longer-term averages but neutral momentum, while valuation is only average given a ~21.5 P/E and a low dividend yield.
Positive Factors
Strong Multi-Year Revenue Expansion
Sustained revenue expansion indicates that KKCL has scaled its branded apparel platform and broadened customer reach. Continued growth across its brand portfolio and retail channels can support operating leverage and strengthen its competitive position over the medium term.
Negative Factors
Volatile Cash Conversion
Large year-to-year swings in operating and free cash flow indicate that earnings conversion is not yet consistent. Working-capital movements or investment requirements could periodically absorb liquidity, limiting the predictability of funding available for growth and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Multi-Year Revenue Expansion
Sustained revenue expansion indicates that KKCL has scaled its branded apparel platform and broadened customer reach. Continued growth across its brand portfolio and retail channels can support operating leverage and strengthen its competitive position over the medium term.
Read all positive factors
Kewal Kiran Clothing Limited (KKCL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹31.66B
Dividend Yield0.78%
Average Volume (3M)4.56K
Price to Earnings (P/E)21.2
Beta (1Y)0.95
Revenue Growth15.92%
EPS Growth-3.02%
CountryIN
Employees1,919
SectorGeneral
Sector StrengthN/A
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)24.02
Shares Outstanding61,625,183
10 Day Avg. Volume2,444
30 Day Avg. Volume4,564
Financial Highlights & Ratios
PEG Ratio-10.69
Price to Book (P/B)2.90
Price to Sales (P/S)2.24
P/FCF Ratio16.71
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)28
Revenue Forecast (FY)₹14.07B
Kewal Kiran Clothing Limited Business Overview & Revenue Model
Company Description
Kewal Kiran Clothing Limited (KKCL) is a prominent apparel firm that designs, manufactures, promotes, and sells branded ready-to-wear clothing and a variety of accessories. Its business activities extend across Asia, the Middle East, and the Commo...
How the Company Makes Money
KKCL primarily makes money by selling branded apparel and related fashion products under its portfolio of brands. Its revenue model is built around (1) wholesale/distribution sales to multi-brand outlets and large-format retailers, where it suppli...
Kewal Kiran Clothing Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.58B | 12.13B | 9.98B | 8.60B | 7.74B | 6.05B |
| Gross Profit | 4.22B | 5.12B | 4.17B | 3.69B | 3.25B | 2.46B |
| EBITDA | 2.60B | 2.62B | 1.91B | 2.14B | 1.72B | 1.01B |
| Net Income | 1.48B | 1.42B | 1.49B | 1.54B | 1.19B | 816.28M |
Balance Sheet | ||||||
| Total Assets | 15.44B | 14.97B | 14.26B | 8.37B | 8.17B | 7.43B |
| Cash, Cash Equivalents and Short-Term Investments | 3.55B | 3.16B | 2.79B | 3.72B | 2.97B | 3.15B |
| Total Debt | 1.09B | 1.28B | 1.64B | 197.04M | 659.83M | 818.77M |
| Total Liabilities | 3.97B | 3.77B | 4.35B | 1.61B | 2.70B | 2.65B |
| Stockholders Equity | 9.63B | 9.38B | 8.20B | 6.76B | 5.47B | 4.78B |
Cash Flow | ||||||
| Free Cash Flow | 487.10M | 1.63B | -715.50M | 1.26B | 510.71M | 463.77M |
| Operating Cash Flow | 596.90M | 1.83B | 136.50M | 1.36B | 750.77M | 568.68M |
| Investing Cash Flow | 80.20M | -283.30M | -1.84B | -99.80M | -178.69M | -20.63M |
| Financing Cash Flow | -247.40M | -506.20M | -198.40M | -663.93M | -524.12M | -120.53M |
Kewal Kiran Clothing Limited Technical Analysis
Positive
499.00
Price Trends
508.48
Positive
485.44
Positive
482.24
Positive
Market Momentum
-0.77
Positive
52.24
Neutral
37.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KKCL, the sentiment is Positive. The current price of 499 is below the 20-day moving average (MA) of 513.76, below the 50-day MA of 508.48, and above the 200-day MA of 482.24, indicating a neutral trend. The MACD of -0.77 indicates Positive momentum. The RSI at 52.24 is Neutral, neither overbought nor oversold. The STOCH value of 37.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:KKCL.
Kewal Kiran Clothing Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹31.66B | 21.23 | ― | 0.78% | 15.92% | -3.02% | |
66 Neutral | ₹11.95B | 11.35 | ― | 3.47% | 15.59% | 34.06% | |
66 Neutral | ₹150.59B | 34.98 | ― | 0.81% | 15.21% | 12.58% | |
62 Neutral | ₹404.66B | 53.57 | ― | 1.66% | 7.57% | -1.16% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | ₹49.36B | 105.04 | ― | 1.92% | -25.55% | -99.34% | |
42 Neutral | ₹64.35B | -8.28 | ― | ― | -27.21% | -53.22% |
* General Sector Average
IN:KKCL
Kewal Kiran Clothing Limited
513.75
-4.55
-0.88%
IN:ABFRL
Aditya Birla Fashion and Retail Limited
52.93
-35.96
-40.45%
IN:ARVIND
Arvind Limited
553.55
260.60
88.95%
IN:MONTECARLO
Monte Carlo Fashions Ltd.
576.50
-19.67
-3.30%
IN:PAGEIND
Page Industries Limited
36,280.00
-7,315.67
-16.78%
IN:RAYMOND
Raymond Limited
741.50
134.05
22.07%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.