TickerSutra

NSE: KKCL · BSE: 532732 · ISIN INE401H01017

Kewal Kiran Clothing Limited stock analysis

Kewal Kiran Clothing Limited ranks #864 in the TickerSutra evidence-ranked universe with a score of 59/100 and 95% data confidence. The latest captured fundamentals show ROCE of 17.2%, quarterly sales growth of 19.4% and quarterly profit growth of 21.5%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE59/100

Monitor only

#864 of 5,430 ranked equities
Market capitalisation₹3,069.01cr
ROCE17.2%
Quarterly sales growth19.4%
Quarterly profit growth21.5%
P/E ratio20.7×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Low debt/equity of 0.14×
  • 15.9% three-year sales CAGR
  • No promoter shares are reported as pledged

Risks and constraints

  • No calculated threshold risk in the current snapshot.

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹608cr₹100cr₹82cr16.0%
2023₹779cr₹152cr₹119cr19.0%
2024₹860cr₹177cr₹154cr21.0%
2025₹1,003cr₹191cr₹149cr19.0%
2026₹1,213cr₹238cr₹152cr20.0%
TTM₹1,258cr₹250cr₹161cr20.0%
Debt / equity0.14×
CFO / EBITDA0.77×
Operating margin20.0%
Free cash flow₹166cr
Sales CAGR · 3Y15.9%
Profit CAGR · 3Y8.5%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts3 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Operating leverageHigh severity · 7 mentions
Positive catalyst

Simultaneously, we enhanced operational agility leading to EBITDA growing by 24.8% to ₹ 237.9 crore and EBITDA margin stood at 19.6%. The performance reflected volume growth, better realisation, cost discipline and operating leverage. Crucially, this growth was matched by strict discipline in inventory quality, store productivity and working capital, ensuring our expansion is structurally sound.

Export growthHigh severity · 2 mentions
Positive catalyst

This widening global presence positions the sector favourably to capture future opportunities arising from shifting sourcing patterns and supply chain realignments. The sustained growth in exports reflects the industry ’s ability to adapt to ever-evolving consumer preferences while maintaining competitiveness across both traditional and value- added segments. Ready-made garments continued to anchor India’s textile ex

Management confidenceHigh severity · 2 mentions
Constructive

The continued strong performance of Kraus also validates the successful integration of the brand following its acquisition and reflects our progress in expanding the business across age groups and gender segments. Looking ahead, we remain confident of sustaining this growth momentum through the rest of FY’27 and beyond. Backed by a strong balance sheet, a resilient business model, and a compelling value proposition,

Export market updatesModerate severity · 6 mentions
Constructive

The sustained growth in exports reflects the industry ’s ability to adapt to ever-evolving consumer preferences while maintaining competitiveness across both traditional and value- added segments. Ready-made garments continued to anchor India’s textile export basket, benefitting from stable demand across key international markets. Other major categories, including cotton-based products, man-made fibre textiles and ho

Capacity expansion plansModerate severity · 1 mention
Positive catalyst

Advance digital and AI adoption Use technology for demand forecasting, consumer insight, product planning, merchandising and learning from digital behaviour. Support growth with focused capex Pursue brownfield manufacturing expansion and operating investments aligned with category and channel growth. Protect working capital discipline Maintain control over inventory, receivables and channel planning as the business s

Margin guidanceModerate severity · 2 mentions
Constructive

After crossing ₹ 1,000 crore in revenue from operations in FY25, KKCL reported ₹ 1,212.8 crore in FY26, registering growth of 20.9%. EBITDA stood at ₹ 237.9 crore and EBITDA margin was 19.6%, ahead of the operating margin range envisaged under Vision 2028. Over the past few years, the business has grown steadily, supported by a deliberate focus on product and team capability, manufacturing, distribution and category-

Regulatory updatesLow severity · 25 mentions
Watch

Ongoing / Need basis The Company strives to establish robust partnerships with local communities and support its supply chain while maintaining its social license. Government and Regulators No Press Releases, Quarterly Results, Annual Reports, Sustainability / Integrated Reports, Stock Exchange filings, issue specific meetings, representations. Need basis The Company aims to enhance its sustainability performance and

Regulatory approvalLow severity · 10 mentions
Watch

RISK MANAGEMENT Your Company has a Risk Management Committee which has been entrusted with the responsibility to assist the Board in (a) Overseeing and approving the Company’s enterprise wide risk management framework; and (b) Overseeing that all the risks that the organization faces such as strategic, financial, credit, market, liquidity, security, property, IT , legal, regulatory, reputational and other risks have

Raw material inflationLow severity · 1 mention
Negative warning

Moderator: The next question is from the line of Abhijeet Porwal from DR Choksi. Abhijeet Porwal: So, I just want to ask upon the raw material inflation. So, how they are affecting our raw material margins and then how they are affecting our margins overall?

Pricing pressureLow severity · 1 mention
Risk easing

: The organization has established a thorough vendor selection and evaluation process that gives significant importance to environmental and social considerations. Vendors are chosen based on their long-term capabilities, commitment to environmental, health and safety policies, adherence to quality standards, and competitive pricing. Approximately 45.86% of the inputs used are sourced sustainably.

Institutional interestLow severity · 1 mention
Watch

The Company also displays official news releases on its website for the information of its shareholders/investors. Even presentations made to institutional investors have been hosted on the website of the Company. The Company does not have the system of intimating shareholders individually of its quarterly results.

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

DIRECTOR & BUSINESS NETWORK

Loading corporate intelligence

Loading universe coverage and exchange-backed evidence…