Review

KEWAL KIRAN CLOTHING LTD.
Ticker : 532732
FV:  ₹10
52-Week H/L: ₹299/153.4

We recommended Kewal Kiran Clothing in volume no. 38, issue no. 33 (dated June 06, 2022) when the scrip was trading at Rs 271.4. On a consolidated basis, in Q4FY22, the company recorded net sales and other operating income of Rs 169.57 crore, an increase of 53.18 per cent compared to Rs 110.70 crore reported in Q4FY21. On the other hand, operating profit was recorded at Rs 35.7 crore in Q4FY22, giving a substantial heavy rise as compared to an operating profit of Rs 12.82 crore in Q3FY21. Q4FY22 registered a net profit of Rs 24.83 crore in comparison with a net profit of Rs 8.25 crore in Q4FY21,is seen to be in a comfortable position. Also, in Q4FY22, the company’s revenue crossed its pre-COVID levels. Being optimistic regarding the gradual recovery taking place, we recommend HOLD.