Kitex Limited - Due diligence report

A 360° intelligence report on Kitex Limited: trust score, financial health, credit view, compliance, directors, growth and distress signals …

1975-11-22 Aluva, Kerala Active Unlisted Active Compliant
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KL Kitex Limited
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  • Director details, charges & MCA documents
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Kitex Limited — 360° Intelligence Report

Generated from MCA filings & public records
74/100
Trust Score
Moderate

Kitex Limited is assessed as Moderate with a Trust Score of 74/100. Kitex Limited is an active public limited indian non-government company incorporated in 1975, operating in the Home & Lifestyle sector. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and low financial risk profile.

Report generated on 15 Jul 2026 from the latest processed filings. Kitex Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Weak

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreModerate
74/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
38/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 50/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (BBB-).

Charges position: 14 open (187.74 cr) · 26 satisfied (111.77 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others13 48.0 cr
Hdfc Bank Limited3 48.0 cr
Indian Bank10 48.0 cr
The South Indian Bank Limited4 48.0 cr
State Bank Of India1 48.0 cr
Axis Bank Limited4 48.0 cr
Compliance Score: 38/100 Caution Indicated
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Flagged by authority: EPFO.
  • Litigation present in 4 court forum(s).
  • 2 active GST registration(s).
Legal cases on record (4)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
DONY DOMINIC 01234567 Director 01/04/2018 6 yrs Approved
KARUNAKARANNAIR PILLAI CHANDRASEKHARANPILLAI 01234567 Director 01/04/2018 6 yrs Approved
JEFF JACOB 01234567 Director 01/04/2018 6 yrs Approved
DONY DOMINIC 01234567 Director 01/04/2018 6 yrs Approved
NISHA MARY GEORGE 01234567 Director 01/04/2018 6 yrs Approved
BOBY MECKAMKUNNEL JACOB 01234567 Director 01/04/2018 6 yrs Approved
SAJEEV KOSHY 01234567 Director 01/04/2018 6 yrs Approved
LEELA THAZHASSERY 01234567 Director 01/04/2018 6 yrs Approved
Mathew Tinu 01234567 Director 01/04/2018 6 yrs Approved
  • 9 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
0 allotment(s) · 7 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Key managerial personnel: DONY DOMINIC (Whole-time director) · DONY DOMINIC (CFO) · BOBY MECKAMKUNNEL JACOB (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 55 · Distress 80
Growth signals & trust indicators
Asset base grew 1.42 - capacity expansion.
Operating for 50+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 2.1x in a year.
Compliance score is weak (38/100).
14 open charge(s) registered - assets are encumbered.
4 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence61/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment58/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 14 open charge(s) of 187.74 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view70/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
20 Jun 2025
Charge created
The South Indian Bank Limited - 7.85 Lakh
13 May 2025
Director appointed
Mathew Tinu (Company Secretary)
02 Dec 2024
Director appointed
JEFF JACOB (Director)
24 Oct 2024
Charge satisfied
The South Indian Bank Limited
30 Sep 2024
Last AGM held
Annual general meeting
19 Jun 2024
Charge created
Others - 35.00 Lakh
07 May 2024
Charge created
Others - 50.00 Lakh
31 Mar 2024
Latest balance sheet
Filed with ROC
06 Oct 2023
Charge satisfied
Indian Bank
21 Jul 2023
Charge satisfied
Hdfc Bank Limited
19 Jul 2023
Charge created
Others - 12.40 cr
08 Dec 2022
Charge satisfied
Others
03 Oct 2022
Charge satisfied
Others
28 Jul 2022
Charge satisfied
Others
21 Jul 2022
Charge satisfied
Axis Bank Limited
10

Key Observations

Auto-generated from the data above
Revenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - leverage worth monitoring.
Net worth is positive.
9 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of BBB- from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Alpine U74899DL1995PTC068562 New Delhi, Delhi, India
Indaco Jeans Limited U18101MH2006PLC165745 Mumbai, Maharashtra, India
Alpine Texworld Limited U17120GJ2016PLC086259 Dascroi, Gujarat, India
Shree Ram Twistex Limited U17120GJ2013PLC078074 Gondal, Gujarat, India
Rama Overseas Ltd U51909WB1995PLC073017 Kolkata, West Bengal, India
Pramukh Cotex Private Limited U17291MH2013PTC247083 Mumbai, Maharashtra, India
Bmd U18101RJ1996PTC012501 Banswara, Rajasthan, India
Kotharihosiery U17111WB1988PTC044899 Kolkata, West Bengal, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Kitex Limited before audits and certifications: compliance score 38/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Kitex Limited: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 55/100, margin trends, ownership structure and peer set for Kitex Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 74/100, distress signals and MSME payment-delay disclosures - know whether Kitex Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Kitex Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Kitex Limited an active company?

Kitex Limited has MCA status “Active” with a compliance score of 38/100 (Caution Indicated).

Is Kitex Limited financially healthy?

Kitex Limited has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.

Should I do business with Kitex Limited?

Its overall Trust Score is 74/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Kitex Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 9 active director(s) are on record.

Does Kitex Limited have loans or charges against its assets?

14 open charge(s) are registered against its assets, and 26 earlier charge(s) stand satisfied.

Is Kitex Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 38/100 (Caution Indicated).

Is it risky to lend to Kitex Limited?

Its Credit Risk Score is 50/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.