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ICICI Direct Report
Kewal Kiran Clothing Ltd. is a branded apparel player with a strong bouquet of brands (owned brands ‘Killer', ‘Lawman Pg 3', ‘Integriti' and ‘Easies‘) across various price points.
The company's product portfolio is primarily focused on men's casual wear while Kewal Kiran Clothing has also entered women's and kids wear segment.
On the financial front, it has exhibited consistent double digit margins with a healthy balance sheet and strong return ratios though revenue growth has been constrained owing to the company's policy of not resorting to excessive discounting like many of its peers.
The company's board recommended the issue of bonus shares in proportion of four bonus share (face value of Rs 10 each) for every equity share held. The record date for the same is December 17, 2021 while ex-date for the same is today, December 16, 2021.
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