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Swing Capital

Kewal Kiran Clothing Ltd

NSE: KKCL BSE: 532732

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]

₹440
52W: ₹408 — ₹595
PE 20.5 · Book ₹150 · +193% vs book
Market Cap₹2,711 Cr
Stock P/E20.5Price to Earnings
ROCE18.8%Return on Capital
ROE15.2%Return on Equity
Div. Yield0.91%Face Value ₹10

Strengths

  • +Company has reduced debt.

Weaknesses

  • −Working capital days have increased from 93.0 days to 146 days

Shareholding Pattern

Promoters74.29%
FIIs2.32%
DIIs8.6%
Public14.8%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.26%74.26%74.26%74.28%▲0.074.28%74.28%74.28%74.29%▲0.0
FIIs2.8%2.81%▲0.02.05%▼0.82.39%▲0.32.62%▲0.22.37%▼0.32.33%▼0.02.32%▼0.0
DIIs6.91%6.83%▼0.17.2%▲0.47.76%▲0.68.5%▲0.78.65%▲0.28.83%▲0.28.6%▼0.2
Public16.03%16.1%▲0.116.48%▲0.415.59%▼0.914.6%▼1.014.71%▲0.114.57%▼0.114.8%▲0.2

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales200219151253202234181288228253
Expenses161177124200165192148230182208
Operating Profit39422853364233584646
OPM %19%19%18%21%18%18%18%20%20%18%
Net Profit33382564232831433029
EPS ₹5.46.14.1110.463.754.544.966.94.934.67

AI Insights

Revenue Trend

Mar 2026 revenue at ₹950Cr, up 13.1% YoY. OPM at 19%.

Debt Position

Borrowings at ₹101Cr. Debt-to-equity ratio: 0.12x. Healthy balance sheet.

Capex Cycle

CWIP at ₹1Cr (1% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 8.6% (+2.07pp change). FIIs: 2.32% (-0.30pp change). Promoters hold 74.29%.

Margin & Efficiency

ROCE declining from 30% (Mar 2015) to 19% (Mar 2026). Working capital days: 146.

Valuation

PE 20.5x with 18.8% ROCE. Price is 193% above book value of ₹150. Dividend yield: 0.91%.

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