Kitex Garments (NSE:KITEX) Debt-to-Equity: (As of Jun. 2026)

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NSE:KITEX Kitex Garments Ltd NSE:KITEX
70 GF Score
Price ₹119.50
GF Value ₹130.61
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Kitex Garments Debt-to-Equity?

Kitex Garments's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ₹ Mil. Kitex Garments's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ₹ Mil. Kitex Garments's Total Stockholders Equity for the quarter that ended in Jun. 2026 was ₹ Mil.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Kitex Garments's Debt-to-Equity or its related term are showing as below:

NSE:KITEX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.15   Max: 1.17
Current: 1.17

During the past 13 years, the highest Debt-to-Equity Ratio of Kitex Garments was 1.17. The lowest was 0.01. And the median was 0.15.

NSE:KITEX's Debt-to-Equity is ranked worse than
80.32% of 935 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.41 vs NSE:KITEX: 1.17

Kitex Garments  (NSE:KITEX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Kitex Garments Debt-to-Equity Related Terms

Kitex Garments Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Kitex Garments's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Kitex Garments Debt-to-Equity Chart

Kitex Garments Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.03 0.66 0.90 0.97

Kitex Garments Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.98 - 0.97 -

NSE:KITEX vs RL, LEVI, VFC: Debt-to-Equity Comparison

For the Apparel Manufacturing subindustry, Kitex Garments's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Kitex Garments Debt-to-Equity vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kitex Garments's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kitex Garments's Debt-to-Equity falls into.


NSE:KITEX
70GF Score
Kitex Garments Ltd NSE:KITEX
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kitex Garments Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kitex Garments's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(2187.989 + 9805.782) / 10296.053
=1.16

Kitex Garments's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=( + ) /
=N/A

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Is Kitex Garments (NSE:KITEX) Overvalued in 2026?

Based on GuruFocus' analysis, Kitex Garments stock appears to be undervalued. The current stock price of ₹119.50 is trading 8.5% below its estimated GF Value™ of ₹130.61. GuruFocus considers Kitex Garments to be Fairly Valued.

Key valuation signals for NSE:KITEX:

  • Debt-to-Equity:
  • GF Value™: ₹130.61 vs. price of ₹119.50 (8.5% below fair value)
  • GF Score™: 70/100 with 7 warning signs

No single metric tells the full story. See the NSE:KITEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Kitex Garments Business Description

Other Exchanges 521248:India
Address Vilangu P.O., Aluva, Kizhakkambalam, Building No. VI/496, Kunnathunad, Kochi, KL, IND, 683561
Kitex Garments Ltd manufactures cotton garments and fabrics. Garments account for the company's revenue and focus on infant wear such as body suits, sleepwear, rompers, burps, bibs, and training pants. Kitex manufactures the products for companies such as Carters, Gerber, Mothercare, Jockey, Children's Place, Kohl's, and Toys R. The company also owns the Little Star brand and licenses the Lamaze brand for distribution in the United States and Canada. Kitex exports almost all the garments it produces, which it manufactures in India, to the United States and Europe.
70GF Score

Get the complete analysis for NSE:KITEX

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹119.50
Price
₹130.61
GF Value