Multibagger Kewal Kiran Clothing Declares 30% Dividend, Stock Up 127% In 6 Months

Kewal Kiran Clothing recently announced an interim dividend of 30%. The current market price of the stock stood at Rs. 492.05 a piece. Kewal Kiran Clothing is one of India's largest branded apparel manufacturers, engaged in the designing, manufacturing and marketing of textile products.

The company has said in a stock exchange filing that "The Board of Directors have in their meeting held on October 21, 2022 declared a 1st interim dividend at 30% i.e Rs. 3/- per share on 6,16,25,185 equity shares of Rs. 10/- each for the financial year 2022-23 and that the date of payment of the said interim dividend will be on or after November 14, 2022. This is for your information and records pursuant to Regulation 43(1) read with regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015."

Kewal Kiran - stock performance

In the last 1 month its share price surged by 23.03%, in the last 6 months its share price surged by 127.75%, in the last 1 year its share price has gained by 112.57%, making it a multibagger stock. However, in the last 5 years its share price gained by 27.82%.

The 52-week high level of this stock is Rs. 508.70, and the 52-week low level of this stock is Rs. 180.20. This small-cap company has a market capitalization of Rs. 3,041 crore.

The company's Net Sales stood at Rs. 226.34 crore in the September 2022 quarter, which increased by 29.28% from Rs. 175.08 crore in the year-ago quarter. Its quarterly Net Profit stood at Rs. 39.13 crore in Q2 FY23 up 44.82% from Rs. 27.02 crore in the year-ago quarter. EBITDA in Q2 FY23 was reported to be at Rs. 55.92 crore, gained by 46.12% from Rs. 38.27 crore in the year-ago quarter.

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