Hold Kewal Kiran Clothing, target Rs 1910: Sharekhan

Sharekhan has a hold call on Kewal Kiran Clothing Ltd. with a target price of Rs 1910.

The current market price of Kewal Kiran Clothing Ltd. is Rs 1714.6.

Kewal Kiran Clothing Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 2113.25 crore) operating in Retail sector.

Kewal Kiran Clothing Ltd. key Products/Revenue Segments include Apparel which contributed Rs 437.12 crore to Sales Value (95.57 % of Total Sales), Life Style Products which contributed Rs 15.90 crore to Sales Value (3.47 % of Total Sales), Export Incentives which contributed Rs 2.28 crore to Sales Value (0.49 % of Total Sales), Service Income which contributed Rs 1.05 crore to Sales Value (0.22 % of Total Sales), Other Operating Revenue which contributed Rs .91 crore to Sales Value (0.19 % of Total Sales), Rent which contributed Rs .06 crore to Sales Value (0.01 % of Total Sales) and Power which contributed Rs .03 crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Standalone sales of Rs 129.55 crore, up 32.27% from last quarter Sales of Rs 97.94 crore and up 3.32% from last year same quarter Sales of Rs 125.39 crore. Company has reported net profit after tax of Rs 33.91 crore in latest quarter. The company’s top management includes CA.Yogesh A Thar, CA. Ms.Drushti R Desai, Dr.Prakash A Mody, Mr.Dinesh P Jain, Mr.Hemant P Jain, Mr.Kewalchand P Jain, Mr.Nimish G Pandya, Mr.Vikas P Jain. Company has N A Shah Associates LLP as its auditors.

As on 31-03-2017, the company has a total of 12,325,037 shares outstanding.