The shares of Kewal Kiran Clothing Limited gained approximately 2 percent and were trading at Rs 522 levels in the early hours of the last trading day of the week. The stock was in focus after the company announced that it has entered into a strategic partnership with the Board of Control for Cricket in India (BCCI).
As per the BSE filing, the company has become the “Official Partner” of the BCCI. This alliance will see KKCL’s flagship brand ‘KILLER’ displayed on the right upper chest of the Team India jersey.
The company through its network of over 350 stores, 1800 Large Format Stores, and 4000+ Multi Brand outlets bring the Indian jersey to cricket fans. It will don the brand Killer logo on Team India’s Kit until 31st May 2023.
Kewal Kiran Clothing Limited is a branded apparel manufacturer in India with a product portfolio that includes names like Killer, Easies, LawmanPg3, Integriti, and Desibelle are iconic apparel brands in India.
The stock price has risen from Rs 231 apiece in January 2022 up to the current levels logging a multibagger return of 126 percent in a year. An investment of Rs 1 lakh then would be worth Rs 2.26 lakhs today. In the past six months
In Q2FY23, the company reported a total revenue of Rs 226.34 Crore which jumped 29 percent Year on Year from Rs 175.08 Crore. Their profits in the period grew by 45 percent to Rs 39.13 Crore up from Rs 27.07 Crore in Q2FY22.
The small-cap company has a market capitalization of Rs 3,227 crores and a dividend yield of 3.63 percent. The company has low debt on its balance sheet with a debt to equity ratio of 0.16.
Written by Anoushka Roy
