Name: Latest research reports of Kewal Kiran Clothing Ltd. authored by Anand Rathi and published by - Trendlyne research reports.
Item: Kewal Kiran Clothing Ltd.
Rating: 5
Author: Anand Rathi

Healthy cashflow, growing presence in women’s wear; upgrading to a Buy

Buy: Kewal Kiran Clothing Ltd.

Anand Rathi

In line with our estimates, Kewal Kiran’s Q4 revenue grew 10% y/y, but the
19.3% EBITDA margin slightly lagged ARe. Better working capital led to
higher, Rs1.4bn/1.3bn, OCF/FCF generation (FY23 Rs0.8bn/0.5bn).