{"id":34180,"date":"2024-03-13T11:28:09","date_gmt":"2024-03-13T05:58:09","guid":{"rendered":"https:\/\/blog.researchandranking.com\/?p=34180"},"modified":"2025-11-10T13:32:34","modified_gmt":"2025-11-10T08:02:34","slug":"top-5-textiles-sector-stocks-in-india-2","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/top-5-textiles-sector-stocks-in-india-2\/","title":{"rendered":"Top 10 Textile Stocks in India in 2024"},"content":{"rendered":"
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Indian textiles have been a chief item of trade since ancient times. The textile industry has been built on a solid foundation of the availability of various fabrics. India has a competitive edge in production and ranks second in worldwide cotton production, comprising hand-woven and modern mills. Investing in textile stocks could be a good opportunity for investors looking to grow in the textile industry.<\/p>\n\n\n\n

Textile Industry in India – An Overview<\/strong><\/h2>\n\n\n\n

The Indian t\u0435xtil\u0435 and appar\u0435l industry is \u0435xp\u0435ri\u0435ncing significant growth. It is expected to reach US$190 billion<\/a> by 2025-26. Being the third largest exporter, India holds a 4.6% share of global<\/a> trade in t\u0435xtil\u0435s and appar\u0435l. This contributes 2.3% to India’s GDP and is expected to double by th\u0435 \u0435nd \u043ef th\u0435 d\u0435cad\u0435.<\/p>\n\n\n\n

The numbers look good for the industry. th\u0435 Manufacturing of T\u0435xtil\u0435s Ind\u0435x grew 1.6% in August 2023, and Th\u0435 Indian T\u0435chnical T\u0435xtil\u0435 mark\u0435t \u0435xp\u0435ct\u0435d to grow by 15% by 2027. Cotton production is expected to rise, while natural fibers production is expected to reach US$195 billion by 2025<\/a>. <\/p>\n\n\n\n

To enable the growth of the textile industry, the government offers a Production-linked Incentive scheme worth Rs.10,683 crore for artificial fibers and technical textiles, bringing in Foreign direct investment<\/a> (FDI) of between US$4.31 billion in April 2000 and June 2023. <\/p>\n\n\n\n

Textile Stocks in India: An Introduction<\/strong><\/h2>\n\n\n\n

India has leading industrial houses in the textile manufacturing business. Many textile stocks in India belong to companies with a 25-year operating history. Investors seeking exposure to this sector can explore textile stocks listed on Indian stock exchanges. These stocks represent companies across the textile value chain, from yarn production to finished garments. Understanding their performance can be beneficial for making informed investment decisions.<\/p>\n\n\n\n

Also Read: What is CMP in the Stock Market?<\/a><\/p>\n\n\n\n

Textile Stocks in India<\/strong><\/h2>\n\n\n\n

As textile stocks are growing so rapidly, here\u2019s a list of textile stocks in India that you might like to keep an eye on:<\/p>\n\n\n\n

Textile Stocks<\/strong><\/td>Market Cap in Crores as of 5.03.24<\/strong><\/td><\/tr>
Trident Ltd.<\/td>\u20b9 21,108 <\/td><\/tr>
Indo Count<\/td>\u20b9 6,446<\/td><\/tr>
Welspun Living<\/td>\u20b9 14,771<\/td><\/tr>
Himatsingka Seide<\/td>\u20b9 1,427<\/td><\/tr>
Dollar Industries<\/td>\u20b9 2,859<\/td><\/tr>
Bombay Dyeing<\/td>\u20b9 3,798<\/td><\/tr>
BSL<\/td>\u20b9 194<\/td><\/tr>
Gokaldas Export<\/td>\u20b9 4,879<\/td><\/tr>
Arvind Limited<\/td>\u20b9 7,288<\/td><\/tr>
Vardhman Poly<\/td>\u20b9 204<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Top <\/strong>Textile Stocks In India<\/strong><\/h2>\n\n\n\n

Here are the top 5 textile stocks to know this year.<\/p>\n\n\n\n

Trident Ltd.<\/strong><\/h3>\n\n\n\n

A veteran in the yarns, terry towels, paper, and chemicals segments, the company’s stocks have grown by 38% (5th March 2024) in one year, which is consistent with the company’s 5-year CAGR<\/a> of 44%<\/a>. <\/p>\n\n\n\n

Market Cap<\/td>CMP (as of 5th March, 2024)<\/td>All-Time High Level<\/td>PE Ratio<\/td>5 yr CAGR Return<\/td>ROCE(FY 2023-24)<\/td><\/tr>
\u20b9  21,108 Cr <\/td>\u20b941.4<\/td>\u20b952.9<\/td>50.2<\/td>44%<\/td>11.9%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

In the December 31, 2023 quarter, the company achieved a revenue of Rs. 1835 crores from its operations, marking an 11% increase <\/a>compared to the Rs. 1641 crores generated in the same quarter last year. Despite this revenue growth, the profit declined by 24% in the recent quarter, amounting to Rs. 109 crore, compared to the previous year’s Rs. 144 crore for the same quarter.<\/p>\n\n\n\n

Indo Count Industries Ltd.<\/strong><\/h3>\n\n\n\n

Indo Count Industries Ltd., incorporated in 1988, manufactures 100% gray combed cotton yarn and knitted fabric. Its Home Textiles Division manufactures bed sheet sets, pillowcases, duvet covers, comforters, window coverings, and hospital linen. The company\u2019s stock has grown by 146%<\/a> last year, with a market cap of Rs 6,446 crores (5th March 2024)<\/em>.<\/p>\n\n\n\n

Market Cap<\/td>CMP (as of 5th March, 2024)<\/td>All-Time High Level<\/td>PE Ratio<\/td>5 yr CAGR Return<\/td>ROCE(FY 2023-24)<\/td><\/tr>
\u20b9 6,446Cr<\/td>\u20b9325<\/td>\u20b9365<\/td>19<\/td>52%<\/td>15.1%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

In the <\/a>December 31, 2023 quarter, the total revenue from operations amounted to Rs. 713 crores, surpassing the revenue generated in the same quarter last year, which stood at Rs. 657 crores. The profit for the recent quarter reached 58 crores, marking an increase of 52% compared to the profit of Rs. 38 crores recorded for the same quarter last year.<\/p>\n\n\n\n

Welspun Living Limited<\/strong><\/h3>\n\n\n\n

A global leader in home textiles for over 35 years. The company manufactures various textile products under its three main bed, bath, and flooring segments. With a market cap of Rs 14,771 crores, the company has provided a 123%<\/a> return over the last year (5th March 2024)<\/em>.<\/p>\n\n\n\n

Market Cap<\/td>CMP (as of 5th March, 2024)<\/td>All-Time High Level<\/td>PE Ratio<\/td>5 yr CAGR Return<\/td>ROCE(FY 2023-24)<\/td><\/tr>
\u20b9 14,771 Cr<\/td>\u20b9152<\/td>\u20b9172<\/td>22.4<\/td>21%<\/td>6%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

The total revenue from operations amounted to Rs. 2411 crores for the quarter ending on December 31, 2023<\/a>, marking a remarkable increase of over 29% compared to the revenue of Rs. 1869 crores generated for the same quarter last year. The profit surged from 44 crores to Rs. 179 crores, representing a staggering increase of 306%.<\/p>\n\n\n\n

Himatsingka Seide Ltd.<\/strong><\/h3>\n\n\n\n

Himatsingka Seide Ltd. manufactures natural silk and silk-blended fabrics, silk woven yarn, and other products. The company\u2019s product range includes decorative fabrics, bridal wear, fashion wear, and spun\/ blended yarn. Listed in 2005, the company has good market experience. It has given a return of 74%<\/a> over the last year (5th March 2024)<\/em>.<\/p>\n\n\n\n

Market Cap<\/td>CMP (as of 5th March, 2024)<\/td>All-Time High Level<\/td>PE Ratio<\/td>5 yr CAGR Return<\/td>ROCE(FY 2023-24)<\/td><\/tr>
\u20b9 1,424 Cr<\/td>\u20b9145<\/td>\u20b9188<\/td>12.8<\/td>– 4%<\/td>3.77%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

The total revenue from operations<\/a> was Rs. 723 crores, slightly lower than the Rs. 737 crores recorded for the same quarter last year, reflecting a marginal decline of 1.9%. Despite this slight decrease, the profit for the recent quarter soared to Rs. 31 crores, marking a remarkable increase of 1450% compared to the Rs. 2 crores profit recorded for the same quarter last year.<\/p>\n\n\n\n

Dollar Industries Ltd<\/strong><\/h3>\n\n\n\n

Established in 1972, Dollar Industries Ltd. is among the leading players in hosiery. It has a presence in 15 countries and is the highest-selling Indian innerwear brand in the UAE and the Middle East. Dollar Industries Ltd. is one of the listed textile stocks growing consistently. It has provided a 48% return<\/a> in a year and a 12% five-year CAGR.<\/p>\n\n\n\n

Market Cap<\/td>CMP (as of 5th March, 2024)<\/td>All-Time High Level<\/td>PE Ratio<\/td>5 yr CAGR Return<\/td>ROCE(FY 2023-24)<\/td><\/tr>
\u20b9 2,859 Cr<\/td>\u20b9504<\/td>\u20b9525<\/td>46.8<\/td>12%<\/td>9.79%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Revenue from operations reached Rs. 330 crores for the quarter ending on December 31, 2023, marking a growth of over 15% compared to the Rs. 285 crores recorded for the same quarter last year. Profit for the recent quarter amounted to 18 crores, doubling from the Rs. 9 crores recorded for the same quarter last year, representing a 100% increase in profits.<\/p>\n\n\n\n

How To Identify The Best<\/strong> Textile Stocks<\/strong> To Buy In India?<\/strong><\/h2>\n\n\n\n

The following are the important criteria when selecting textile stocks to add<\/a> to your portfolio.<\/p>\n\n\n\n