- 28 Aug 2024
- 23 mins read
- By: BlinkX Research Team
Open Demat Account
India's textile industry is one of the world's largest, leading in cotton, jute, and silk production, and it ranks second globally in silk production. The sector contributes significantly to India's economy, accounting for 2.3% of GDP, 13% of the industrial output, and 12% of total export earnings. The industry dates back centuries and showcases a diverse range of products, from traditional hand-spun textiles to modern, capital-intensive mills. India's textile industry primarily comprises decentralised power looms, hosiery, and knitting, closely linked to agriculture for sourcing raw materials like cotton. India's rich cultural heritage and traditions in textiles make the industry unique. India's textile exports are projected to reach $190 billion by 2025-26. This blog will explore some of the best textile sector stocks listed in NSE based on their PE ratio.
List of Textile Companies in India
Here’s a table of the top 10 textile companies listed in NSE in the stock market.
Stock Name | CAGR of 5 Years (27th Aug 2024) | PE Ratio |
Orbit Exports Ltd | 12% | 16.1 |
Vardhman Textiles Ltd | 23% | 20.1 |
MK Exim (India) Ltd | 109% | 23.4 |
Raymond Ltd | 42% | 24.6 |
Voith Paper Fabrics India Ltd | 28% | 31.5 |
Arvind Ltd | 53% | 34.0 |
K P R Mill Ltd. | 51% | 37.3 |
Soma Textiles & Industries Ltd | 59% | 49.3 |
Trident Ltd | 46% | 58.2 |
Bhilwara Spinners Ltd | 63% | 95.1 |
Disclaimer: The information provided on the above stocks is for informational purposes only. It is crucial to conduct thorough research before making any investment decisions regarding these stocks. We do not recommend trading any stocks without comprehensive research and professional financial advice. Always consult with a certified financial advisor to ensure informed and appropriate investment choices.
Table of Contents
- List of Textile Companies in India
- Overview of Top Textile Stocks in India - H2 Listicles
- The Indian Textile Industry
- How to Identify the Best Textile Stocks to Buy in India?
- Factors to Consider Before Investing in Textile Stocks in India
- How to Invest in Textile Stocks in India?
- Factors Affecting Textile Sector Stocks
- Types of Textile Sector Stocks
- Why Should You Invest in Textile Sector Stocks?
- Are There Any Challenges in the Textile Sector Stocks in India?
Overview of Top Textile Stocks in India - H2 Listicles
Here is the overview of top textile stocks:
1. Orbit Exports Ltd
- Orbit Exports Ltd, founded in 1983, is a well-established player in the textile industry, focusing on the manufacture and export of fancy textiles.
- The company's products are widely used for festive occasions, fashion, and furnishings, and they are known for their vibrant designs and high quality.
- Orbit Exports has a significant presence in both domestic and international markets, catering to customers in the United States, Europe, and Asia.
- The company has shown steady revenue growth due to its strong export base.
Get more details about Orbit Exports Ltd share price here.
Know the Orbit Exports Ltd Share Price History here.
2. Vardhman Textiles Ltd
- Vardhman Textiles Ltd was established in 1965 and has since grown to become one of India's largest textile manufacturers.
- The company is known for its integrated operations, which include the production of yarn, fabric, garments, and sewing threads.
- Vardhman Textiles has a robust presence in both domestic and export markets, serving clients in over 70 countries worldwide.
- The company produces a wide range of textile products, including cotton yarn, blended yarn, greige fabric, and processed fabric.
Get more details about Vardhman Textiles Ltd share price here.
Know the Vardhman Textiles Ltd Share Price History here.
3. MK Exim (India) Ltd
- MK Exim (India) Ltd, founded in 1992, engages in the manufacturing and export of readymade garments, leather goods, and handicrafts.
- The company is known for its commitment to high-quality fashion products and has a significant presence in international markets, including Europe and the Middle East.
- The company has shown moderate financial performance, with a focus on expanding its market share in fashion and leather goods.
Get more details about MK Exim (India) Ltd share price here.
Know the MK Exim (India) Ltd Share Price History here.
4. Raymond Ltd
- Raymond Ltd was established in 1925 and is a well-known name in the textile and apparel industry.
- The company is famous for its high-quality woollen and worsted fabrics, and it also has a significant presence in the branded clothing segment.
- With a strong retail network across India, Raymond has maintained its reputation for premium fabric and apparel products.
Get more details about Raymond Ltd share price here.
Know the Raymond Ltd Share Price History here.
5. Voith Paper Fabrics India Ltd
- Voith Paper Fabrics India Ltd, established in 1968, specialises in the production of paper machine clothing, which is used in the paper manufacturing process.
- As a part of the globally renowned Voith Group, the company is a leader in providing high-quality technical textiles to the paper industry in India and has a growing presence in the export market.
- The company operates manufacturing facilities focused on producing high-quality paper machine clothing.
Get more details about Voith Paper Fabrics India Ltd share price here.
Know the Voith Paper Fabrics India Ltd Share Price History here.
6. Arvind Ltd
- Founded in 1931, Arvind Ltd is a major player in the textile industry, known for its extensive denim production and diversified offerings in fabrics and garments.
- The company also has a significant presence in branded apparel retailing, making it a well-recognised name both domestically and internationally.
- Arvind Ltd has a strong financial track record, benefiting from its diversified operations and focus on high-growth segments such as branded retail and technical textiles.
Get more details about Arvind Ltd share price here.
Know the Arvind Ltd Share Price History here.
7. K P R Mill Ltd
- K P R Mill Ltd was established in 1984 and is known for its vertically integrated operations in the textile industry.
- The company is involved in spinning, knitting, processing, and garment manufacturing, focusing on high-quality cotton fabrics and garments.
- K P R Mill has a strong export base, serving customers in Europe, the United States, and other regions.
Get more details about K P R Mill Ltd share price here.
Know the K P R Mill Ltd Share Price History here.
8. Soma Textiles & Industries Ltd
- Established in 1940, Soma Textiles & Industries Ltd is engaged in manufacturing various textile products, including denim and speciality fabrics.
- The company is known for its commitment to quality and modern manufacturing techniques.
- Soma Textiles primarily serves the domestic market and is increasingly focusing on export opportunities.
Get more details about Soma Textiles & Industries Ltd share price here.
Know the Soma Textiles & Industries Ltd Share Price History here.
9. Trident Ltd
- Trident Ltd, founded in 1990, is one of India's largest manufacturers of terry towels, yarn, and paper.
- The company is recognised for its integrated operations and wide range of high-quality textile products.
- Trident has a strong presence in both domestic and international markets, exporting to over 100 countries worldwide.
Get more details about Trident Ltd share price here.
Know the Trident Ltd Share Price History here.
10. Bhilwara Spinners Ltd
- Bhilwara Spinners Ltd was established in 1980 and focuses on the manufacturing and sale of synthetic and blended yarns.
- The company is known for producing high-quality yarns for various textile applications and primarily caters to the domestic market, with some export activities.
- Bhilwara Spinners has a modest financial profile, focusing on consistent production quality and customer satisfaction.
Get more details about Bhilwara Spinners Ltd share price here.
Know the Bhilwara Spinners Ltd Share Price History here.
The Indian Textile Industry
India had one of the biggest textile industries in the world during the British colonial era, shipping textiles to several countries. Yet the sector faced several difficulties following independence, such as the need for modernisation and competition from synthetic fabrics.
The textile sector currently produces around 17% of export revenue and 14% of the nation's industrial output. Investors can look over a textile sector share list for the textile industry to find possible companies to invest in.
There are several different segments within the Indian textile penny stocks list, including cotton, silk, jute, wool, and synthetic fibres. The sector, which generates around 70% of all textiles, is largely dominated by the cotton textile industry. The textile industry for silk and synthetic substances are other important sectors.
The Indian government is implementing several projects to further develop the textile sector in India. One of these programs, the Amended Technology Upgradation Fund Scheme (ATUFS), provides financial support to textile firms to update their machines and equipment. The Integrated Textile Park (ITP) program aims to create textile parks that offer infrastructure and support services to businesses in the textile sector.
How to Identify the Best Textile Stocks to Buy in India?
It takes thorough analysis and research to identify which Indian textile stocks are the highest investments. Here are five important aspects to consider before buying.