Best Textile Stocks in India: If we take a look at the Indian textile industry it goes without saying that the country has a special place in history. Indian textiles and its early cotton industry have always been major sources of attraction for the West after spices. If we take a look at the industry […]
The post Best Textile Stocks in India 2023 – Industry Overview & Complete List appeared first on Trade Brains.
Best Textile Stocks in India: If we take a look at the Indian textile industry it goes without saying that the country has a special place in history. Indian textiles and its early cotton industry have always been major sources of attraction for the West after spices.
If we take a look at the industry today, we are still set apart from the rest of the world making it an attractive investment opportunity that prospective investors cannot afford to overlook. In this article, we take a look at the Indian textile industry and also look into the Best Textile Stocks in India. Keep reading to find out!
Textile Industry Overview
The Indian textile industry is a multi-billion dollar industry that provides employment to 4.5 crores across the country. This makes it the 2nd largest employer in the country industry-wise. The Indian textile industry has a huge demand domestically.
In addition to this, the demand from other countries for exports has also increased significantly over the years. This is because several brands also look to India as a cost-effective manufacturing hub for their products.
The industry contributed 2% to the Indian GDP prior to the pandemic in the year 2018-19. In addition to this, the industry also contributed 12% to earnings from exports and 5% to the global trade in textiles and apparel for the same period.
The textile industry was one of the hardest-hit industries during the pandemic. This was mainly because the industry did not have any alternative as workers were forced into a lockdown. In addition to this, the demand for many of their clients who were retailers also dropped drastically.
Despite the multitude of issues that the textile industry faced during the pandemic they found a silver lining and adapted when it came to manufacturing covid essentials. Today India is the 2nd largest manufacturer of PPE in the world.
The Indian apparel market was worth $55 billion as of 2020 and is expected to grow at a CAGR of 10% to be worth $190 billion by 2025.
QUICK READ – Best Chemical Sector Stocks in India
Best Textile Stocks in India
Now that we’ve understood the billion-dollar industry let us go through the Best Textile Sector Stocks in India.
Best Textile Stocks in India #1 – Trident Limited
Trident Ltd. was founded in 1990 and is part of the Trident group. In just 3 decades the group has evolved to be worth over three billion dollars. The company is a leading manufacturer of yarn and bath & bed linen. In addition to this, the company is also engaged in the manufacture of Wheat Straw-based Paper, Chemicals, and Captive Power.
When it comes to its textiles business trident is the largest manufacturer of terry towels in the world. The company is also the 2nd largest player in home textiles and the 3rd largest yarn manufacturer in India.
Trident Ltd. has several plans to further expand its business. The company has undertaken projects worth RS. 1,140 crores. This is to increase their yarn, sheeting, and power generation capacities.
The company has also shown consistent efforts towards the reduction of net debt from Rs 2,436 Cr as of March 31, 2019, to Rs 1,618 Cr as of March 31, 2022. The company has a debt-equity ratio of 0.41. Its MCap currently stands at 15,863 Cr
|CMP||31.1||Market Cap (Cr.)||₹ 15,863.71|
|ROCE||23.4 %||ROE||23.25 %|
|Face Value||₹ 1.00||Current Ratio||1.27|
|Promoter Holding||73.19 %||Price to Book Value||4.01|
|Debt to Equity||0.41||Dividend Yield||0.68 %|
|Net Profit Margin||11.91%||EV/EBIDTA||11.00%|
Best Textile Stocks in India #2 – Welspun India Limited
Founded in 1985, Welspun India Ltd. is one of the largest home textiles manufacturers in the world. The company’s product portfolio includes towels, bathrobe sheets, bedding, carpets, etc. Unlike other companies on this list, Welspun earns most of its revenue from exports.
As much as 84% of its revenue comes from exports. Out of this USA makes up for 67% of the company’s revenues and Europe makes up 17%. India makes up only 7% of the company’s revenues. Welspun India supplies its products to 17 of the top retailers around the world. These include retail chains like Walmart, Costco, Kohls’s, Ikea, and Bed Bath & Beyond.
The company has a low debt-equity ratio of 0.80 and its current Mcap stands at Rs. 8,602.04Cr.
|CMP||₹ 87.65||Market Cap (Cr.)||₹ 8,602.04Cr.|
|EPS||₹ 2.01||Stock P/E||43.26|
|ROCE||14.72 %||ROE||15.93 %|
|Face Value||₹ 1.00||Current Ratio||1.37|
|Promoter Holding||70.36 %||Price to Book Value||2.17|
|Debt to Equity||0.80||Dividend Yield||0.17 %|
|Net Profit Margin||6.51%||EV/EBIDTA||6.64%|
Best Textile Stocks in India #3 – Lux Industries Limited
Lux Industries could be one of the most well-known companies on this list thanks to its advertising efforts. Founded in 1957, Lux Industries is engaged in the hosiery business. The company has a portfolio of over 100 products across 16 brands. Its brands include Lux Cozi, ONN, Genx, Lyra, and One8 among various others.
The company is known to spend a lot on its advertisements as many top Bollywood stars are often featured. Its current brand ambassadors include the likes of Kartik Aryan, Shah Rukh Khan, Katrina Kaif, and Amitabh Bachchan.
The company has shown positive signs with increasing revenues from Rs. 1077 crores in 2018 to Rs. 2295 crores in 2022. Its profits have also increased accordingly from Rs. 77 crores to Rs. 338 crores for the same period. The company maintains a low debt-equity ratio of 0.25 with a Mcap of Rs. 4,092.91 crores.
|CMP||₹ 1,367.6||Market Cap (Cr.)||₹ 4,092.91 Cr.|
|EPS||₹ 61.38||Stock P/E||22.19|
|ROCE||34.09 %||ROE||29.21 %|
|Face Value||₹ 2.00||Current Ratio||2.54|
|Promoter Holding||74.19 %||Price to Book Value||2.89|
|Debt to Equity||0.25||Dividend Yield||0.55 %|
|Net Profit Margin||14.72%||EV/EBIDTA||12.74%|
Best Textile Stocks in India #4 – Vardhman Textiles
Vardhman Textiles is engaged in the business of manufacturing Yarn, Fabric Acrylic Fiber, and garments with a presence in over 75 countries. The product range includes specialty yarns, dyed yarns, acrylic, fancy and hand-knitting yarns, and grey yarns.
The company also produces apparel that is also exported to the USA, Europe, and countries in Asia. Their clients include the likes of GAP, H&M, Walmart, Calvin Klein, and Tommy Hilfiger among many others. Exports make up 39% of their revenues. The company is one of the largest players in the domestic acrylic market and also one of the largest spinners accounting for 2% of the total in the country.
The shares of the company are available at a lower PE in comparison to the rest of the industry. In addition to this, the company has a low debt-to-equity ratio of 0.26. The company currently has a Mcap of Rs. 9,010.74 Cr.
|CMP||₹ 315.5||Market Cap (Cr.)||₹ 9,010.74Cr.|
|EPS||₹ 33.15||Stock P/E||9.37|
|Face Value||₹ 2.00||Current Ratio||3.22|
|Promoter Holding||63.85 %||Price to Book Value||1.08|
|Debt to Equity||0.26||Dividend Yield||1.56 %|
|Net Profit Margin||16.12%||EV/EBIDTA||6.59%|
List Of Top 100 Textile Stocks in India
|No||Company||Industry||MCap(Cr)||Current Price (Rs)||PE Ratio TTM|
|1||Page Industries Ltd.||Textile||₹45,386.51||₹40,691.25||66.41|
|2||Vedant Fashions Ltd.||Textile||₹30,536.87||₹1,253.20||74.40|
|3||K.P.R. Mill Ltd.||Textile||₹20,678.04||₹604.95||25.08|
|4||Trident Ltd.||Textile – Spinning||₹15,863.71||₹31.13||32.23|
|5||Raymond Ltd.||Textile – Weaving||₹11,433.04||₹1,717.35||19.12|
|6||Lakshmi Machine Works Ltd.||Textile – Machinery||₹11,259.56||₹10,541.05||30.22|
|7||Vardhman Textiles Ltd.||Textile||₹9,010.74||₹310.80||9.37|
|8||Welspun India Ltd.||Textile||₹8,602.04||₹87.06||43.26|
|9||Jindal Worldwide Ltd.||Textile||₹7,194.67||₹358.80||58.16|
|10||Alok Industries Ltd.||Textile||₹6,325.72||₹12.74||0.00|
|11||Garware Technical Fibres Ltd.||Textile||₹5,955.42||₹2,927.05||35.84|
|12||Swan Energy Ltd.||Textile||₹5,620.11||₹212.05||0.00|
|14||Lux Industries Ltd.||Textile||₹4,092.91||₹1,362.05||22.19|
|15||TCNS Clothing Co. Ltd.||Textile||₹2,885.89||₹467.55||605.01|
|16||Kewal Kiran Clothing Ltd.||Textile||₹2,830.44||₹463.55||25.44|
|17||Raj Rayon Industries Ltd.||Textile – Manmade Fibres||₹2,718.13||₹48.88||0.00|
|19||Indo Count Industries Ltd.||Textile||₹2,636.10||₹133.50||9.90|
|20||Siyaram Silk Mills Ltd.||Textile – Weaving||₹2,322.88||₹493.85||9.45|
|21||Ganesha Ecosphere Ltd.||Textile – Manmade Fibres||₹2,202.70||₹1,010.00||22.45|
|22||Mayur Uniquoters Ltd.||Textile||₹2,197.63||₹500.00||20.78|
|23||Gokaldas Exports Ltd.||Textile||₹2,181.11||₹361.50||11.73|
|24||Dollar Industries Ltd.||Textile||₹1,976.27||₹347.75||22.30|
|25||Rupa & Company Ltd.||Textile||₹1,915.75||₹240.95||22.77|
|26||Bombay Dyeing And Manufacturing Company Ltd.||Textile||₹1,831.34||₹88.67||0.00|
|27||Filatex India Ltd.||Textile – Spinning||₹1,610.35||₹36.35||18.95|
|28||Axita Cotton Ltd.||Textile||₹1,597.84||₹81.29||109.91|
|29||Cantabil Retail India Ltd.||Textile||₹1,597.17||₹978.20||27.31|
|30||Monte Carlo Fashions Ltd.||Textile||₹1,460.68||₹697.10||11.52|
|31||Nitin Spinners Ltd.||Textile – Spinning||₹1,387.23||₹246.75||6.55|
|32||Sangam (India) Ltd.||Textile||₹1,203.64||₹267.20||7.79|
|33||Indo Rama Synthetics (India) Ltd.||Textile – Manmade Fibres||₹1,187.02||₹45.50||14.68|
|34||Kitex Garments Ltd.||Textile||₹1,061.67||₹160.75||10.86|
|35||Jaybharat Textiles & Real Estate Ltd.||Textile – Spinning||₹1,058.55||₹27.65||0.00|
|36||Nahar Spinning Mills Ltd.||Textile – Spinning||₹1,024.80||₹284.15||4.92|
|37||Pearl Global Industries Ltd.||Textile||₹943.79||₹435.10||7.85|
|38||S.P. Apparels Ltd.||Textile||₹940.35||₹376.20||10.83|
|39||Sportking India Ltd.||Textile||₹882.26||₹694.30||4.30|
|40||Century Enka Ltd.||Textile||₹874.57||₹400.25||6.96|
|41||Ambika Cotton Mills Ltd.||Textile – Spinning||₹871.32||₹1,521.95||6.20|
|43||Faze Three Ltd.||Textile||₹847.64||₹349.00||14.33|
|44||Sutlej Textiles And Industries Ltd.||Textile – Spinning||₹819.96||₹49.91||7.25|
|45||Himatsingka Seide Ltd.||Textile||₹816.01||₹82.88||0.00|
|48||Cheviot Company Ltd.||Textile||₹676.15||₹1,123.75||12.11|
|49||The Ruby Mills Ltd.||Textile||₹605.26||₹181.00||13.77|
|50||Rajapalayam Mills Ltd.||Textile – Spinning||₹587.00||₹639.00||8.70|
|51||Iris Clothings Ltd.||Textile||₹580.29||₹355.70||68.19|
|52||SEL Manufacturing Company Ltd.||Textile||₹573.23||₹173.00||0.00|
|53||Donear Industries Ltd.||Textile||₹567.16||₹109.07||14.83|
|54||Banswara Syntex Ltd.||Textile – Manmade Fibres||₹551.82||₹161.05||5.37|
|55||Stovec Industries Ltd.||Textile – Machinery||₹488.05||₹2,337.40||14.52|
|56||Voith Paper Fabrics India Ltd.||Textile||₹462.21||₹1,052.25||16.15|
|57||Baroda Rayon Corporation Ltd.||Textile||₹461.21||₹201.30||0.76|
|58||SBC Exports Ltd.||Textile||₹447.20||₹21.15||57.86|
|59||Nahar Industrial Enterprises Ltd.||Textile – Spinning||₹440.22||₹110.06||4.24|
|60||NIBE Ltd.||Textile – Weaving||₹428.60||₹361.40||78.08|
|61||Vardhman Acrylics Ltd.||Textile – Manmade Fibres||₹419.10||₹52.15||17.91|
|62||Suryalata Spinning Mills Ltd.||Textile – Spinning||₹411.34||₹964.00||7.99|
|63||Mafatlal Industries Ltd.||Textile||₹406.36||₹57.56||9.55|
|64||Orbit Exports Ltd.||Textile||₹391.17||₹144.80||11.29|
|65||Raghuvir Synthetics Ltd.||Textile||₹389.44||₹100.50||0.00|
|66||VIP Clothing Ltd.||Textile||₹385.48||₹46.67||57.13|
|67||Vishal Fabrics Ltd.||Textile||₹370.32||₹18.74||5.99|
|68||AYM Syntex Ltd.||Textile||₹352.02||₹70.05||0.00|
|69||Loyal Textile Mills Ltd.||Textile||₹320.08||₹666.75||15.26|
|70||Sarla Performance Fibers Ltd.||Textile – Manmade Fibres||₹317.98||₹38.08||10.71|
|71||Nandan Denim Ltd.||Textile||₹312.66||₹21.69||23.68|
|72||DCM Nouvelle Ltd.||Textile||₹308.65||₹164.95||9.62|
|73||Integra Essentia Ltd.||Textile||₹292.50||₹6.40||54.77|
|74||Mahalaxmi Rubtech Ltd.||Textile||₹291.95||₹274.20||30.89|
|75||Shri Dinesh Mills Ltd.||Textile||₹281.99||₹518.00||8.17|
|76||Pasupati Acrylon Ltd.||Textile – Manmade Fibres||₹275.87||₹30.95||9.10|
|77||Bannari Amman Spinning Mills Ltd.||Textile – Spinning||₹269.09||₹41.50||0.00|
|79||Lakshmi Mills Company Ltd.||Textile||₹252.25||₹3,626.60||73.76|
|80||Super Sales India Ltd.||Textile – Spinning||₹252.00||₹820.45||6.62|
|81||Manomay Tex India Ltd.||Textile – Weaving||₹249.25||₹138.10||32.27|
|82||Zodiac Clothing Company Ltd.||Textile||₹241.90||₹92.90||0.00|
|83||Maral Overseas Ltd.||Textile – Spinning||₹240.75||₹58.00||0.00|
|84||Lambodhara Textiles Ltd.||Textile – Spinning||₹231.89||₹223.45||11.26|
|85||Indian Terrain Fashions Ltd.||Textile||₹230.23||₹51.98||11.70|
|86||R&B Denims Ltd.||Textile||₹226.43||₹32.36||10.95|
|87||MK Exim (India) Ltd.||Textile||₹219.33||₹82.00||16.58|
|88||Precot Ltd.||Textile – Spinning||₹217.56||₹181.30||30.58|
|89||Jasch Industries Ltd.||Textile – Weaving||₹209.49||₹184.00||10.30|
|90||VTM Ltd.||Textile – Weaving||₹202.71||₹50.39||17.58|
|91||United Polyfab Gujarat Ltd.||Textile – Weaving||₹194.85||₹93.00||27.31|
|92||SPL Industries Ltd.||Textile||₹194.71||₹67.14||0.00|
|94||Ginni Filaments Ltd.||Textile – Spinning||₹184.58||₹21.55||117.19|
|95||Digjam Ltd.||Textile – Weaving||₹184.20||₹92.10||0.00|
|96||BSL Ltd.||Textile – Weaving||₹182.48||₹177.30||11.70|
|98||Deepak Spinners Ltd.||Textile – Spinning||₹177.64||₹249.50||18.32|
|99||Vinny Overseas Ltd.||Textile||₹176.79||₹7.60||0.00|
The Indian textile industry is comparatively unique to the rest of the world particularly due to the unique moats in place. This also gives the Best Textile Sector Stocks in India several advantages. When we take a look at domestic demands the products are also culturally linked or specific.
Giving Indian producers an edge however not every company listed has capitalized on this. They however have taken advantage of the cost-efficiency of producing the country in comparison to other Western countries.
Investing in the textile sector investors also must be wary of a new set of challenges. These include cyclical price movements and festival season advantages. That’s all for this post, let us know what you think about this article on the best textile sector stocks in India and your top pics in the comments below! Happy Investing!
Stay updated on the latest Stock Market News and Corporate Actions NSE with Trade Brains Portal, while also keeping an eye on the Top Gainers Today in NSE with our Stock Heatmap feature.
The post Best Textile Stocks in India 2023 – Industry Overview & Complete List appeared first on Trade Brains.