Looking at the history of Indian textiles has contributed a lot to the country's economy since ancient India. Its great textile industry and cotton industry has played an efficient role in putting the nation upfront for trade after the success of spices. Textile stocks are not a new concept in India. A multi-billion-dollar industry generates huge stocks in India's top textile companies. With the growth in the Indian apparel market, it is expected to evaluate a larger value in big companies, supposedly at a CAGR of 10%, worth $135 billion by 2025.
What are Textile Stocks?
The textile industry is a group of interrelated industries. These varied industries offer materials that may be natural and manufactured specifically by companies. In contrast to this, textile Stock is a sort of funding and shares in textile organizations. Companies and individuals take shares as stocks to elevate money to finance business operations. Textile stocks fuel growth and investors buy stocks for the possibility of generating a return on their funding. There are big companies that offer big stock exchanges in their company. Some of them are listed below.
Best Textile Stocks for 2022 in India
After learning about the industry, let's look at the best textile stocks in India.
Trident Limited
Founded in 1990, Trident Limited is an entity of Trident Group. The renowned company has spent three decades in the industry and has grown worth billions of dollars. The Trident is a leading manufacturer of bath linen, bed linen, yarns, etc. Has produced wheat straw-based paper, chemicals, and captive power in addition to its manufacturing sector.
The company also boasts itself as the second-largest contributor to home textiles and the third-largest yarn manufacturer in India. Production capacities of 48 482 TPA have also reduced net debt from Rs 2408 cr to Rs 1245 as of June 30, 2020.
2. Welspun India Limited
Welspun India Limited offers the second-best textile stocks in India. It was founded in 1985 and is known as one of the largest home textiles manufacturers in the world. Unlike other companies that sell towel collections, bathrobes to sheets, it gains revenue from exports.
Welspun India sells its products to top retailers worldwide, including big retail chains like Walmart, Costco, Kohl's, Ikea, Bed Bath, etc. It also boasts a low debt-equity ratio of 0.78 and currently has Mcap at Rs 13,363 crores.
Both of the companies are best known for Home of Textile in India. With current trends and profit ratios, they stand at the top even in 2022.
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