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. There are some leading textile stocks in the Indian market where retail investors are gaining huge prominence over time. Here are some of the top textile stocks for good returns.
Types of textile stocks Trident Ltd. Trident Ltd. Was founded in the year 1990, and it has evolved as a billion dollars. The company is a leading manufacturer of yarn, linen, bath linen, bedroom linen, chemicals, and paper. The company has extended its operations to captive power and wheat straw paper. It is the largest manufacturer of terry towels in the world. For home textiles, it is the second-largest manufacturer and 3rd for yarn manufacturers. The company has a debt-equity ratio of 0.46. The market cap currently stands at more than 30,000 cr. Welspun India Limited Founded in 1985, Welspun India Ltd is the largest manufacturer of home textiles in the world. The portfolio of products like sheets, bedding, carpets, and home décor items. The textile company generates all its revenue from home textile export. The company has a low debt-equity ratio of 0.78 and its current market cap stands at Rs. 12,039 crores. It is a good stock to invest in as the returns are good, and the brand has plans to expand. Lux Industries It is one of the leading brands. Founded in the year 1957, it is engaged in the hosiery business. The company has a vast portfolio of 100 products at 16 brands. Its brands include Lux Cozi, ONN, Genx, Lyra, One8 among various others. The company has shown some amazing signs of growth positive with the revenue increasing at a good rate from Rs. 1077 crores in 2018 to Rs. 1953 crores in 2021. Its profits have also increased accordingly from Rs. 77.88 crores to Rs. 271.39 crores for the same period. The company maintains a low debt-equity ratio of 0.13 with a market cap of Rs. 11,423.63 crores. This is a good stock for retail investors. Wrapping up! Trident Brand is a leading textile stock giving 298% returns in one year. It is a good textile brand with future expansion plans!
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AuthorI am S. Gupta a Decoration expert.Interior decorators help determine the look and feel of a client’s home by selecting and placing decorative elements such as paint, textiles, and furniture. This client-facing role involves meeting directly with clients to get a sense of how they intend to use their space and how they want it to feel. Interior decorators work within their clients’ budgets to bring a room to life. Archives
May 2022
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