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Kitex GarmentsNSE:KITEX -0.75%72 Return-on-Tangible-Equity is -1.52% as of Mar. 2026. GuruFocus rates NSE:KITEX with a GF Score™ of 72/100 and a GF Value™ of ₹134.69 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,018 Manufacturing - Apparel & Accessories companies, Kitex Garments ranks worse than 69.16% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Kitex Garments's annualized net income for the quarter that ended in Mar. 2026 was ₹-157 Mil. Kitex Garments's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹10,298 Mil. Therefore, Kitex Garments's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -1.52%.
The historical rank and industry rank for Kitex Garments's Return-on-Tangible-Equity or its related term are showing as below:
NSE:KITEX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.57 Med: 13.53 Max: 20.6
Current: 0.57
During the past 13 years, Kitex Garments's highest Return-on-Tangible-Equity was 20.60%. The lowest was 0.57%. And the median was 13.53%.
NSE:KITEX's Return-on-Tangible-Equity is ranked worse than 69.16% of 1018
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.425
vs NSE:KITEX: 0.57
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Kitex Garments Return-on-Tangible-Equity Related Terms
Kitex Garments Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Kitex Garments's Return-on-Tangible-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.
NSE:KITEX vs RL, LEVI, VFC: Return-on-Tangible-Equity Comparison
For the Apparel Manufacturing subindustry, Kitex Garments's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-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 Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kitex Garments's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kitex Garments's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -1.52% mean?
Kitex Garments (NSE:KITEX) has a Return-on-Tangible-Equity of -1.52% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Kitex Garments and its competitors. Over the past decade, Kitex Garments' Return-on-Tangible-Equity has ranged from 0.57 to 20.60. According to the industry distribution chart, Kitex Garments ranks #704 out of 1018 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 69.2%.
Is Kitex Garments' Return-on-Tangible-Equity too high?
Kitex Garments' current Return-on-Tangible-Equity is -1.52%. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 20.60. Based on the distribution chart, Kitex Garments ranks #704 out of 1018 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Kitex Garments has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kitex Garments' Return-on-Tangible-Equity compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Kitex Garments ranks #704 out of 1018 companies for Return-on-Tangible-Equity. This places Kitex Garments in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.43. Historically, Kitex Garments' own Return-on-Tangible-Equity has ranged from 0.57 to 20.60 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.43, based on 1,018 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Kitex Garments and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kitex Garments's current Return-on-Tangible-Equity is -1.52%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kitex Garments stock overvalued right now?
Based on GuruFocus' analysis, Kitex Garments (NSE:KITEX) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹134.69, compared to a current price of ₹150.52 — trading 11.8% above its estimated fair value. The current Return-on-Tangible-Equity is -1.52%. Kitex Garments' overall GF Score™ is 72/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Kitex Garments (NSE:KITEX), the current Return-on-Tangible-Equity is -1.52% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Kitex Garments (NSE:KITEX) Overvalued in 2026?
Based on GuruFocus' analysis, Kitex Garments stock appears to be overvalued.
The current stock price of ₹150.52 is trading 11.8% above its estimated GF Value™ of ₹134.69.
GuruFocus considers Kitex Garments to be Modestly Overvalued.
Key valuation signals for NSE:KITEX:
Return-on-Tangible-Equity: -1.52%
GF Value™: ₹134.69 vs. price of ₹150.52 (11.8% above fair value)
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 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.
72GF Score
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