- Trident Ltd
Trident Ltd. was incorporated in 1990 and is headquartered in Ludhiana, Punjab. Trident Group is USD 1 billion Indian business conglomerate and a paramount group of businesses. Trident Ltd. is a flagship company of Trident Group which is growing under the dynamic leadership of founder Chairman Mr. Rajinder Gupta. The company works with the vision of being inspired by the challenge and adding value to life and prosper globally. The company has transfigured itself from being a sole yarn manufacturer to the largest, integrated home textile manufacturers in the world. Apart from being in the Towel segment, it has built a world-class bed linen facility in Madhya Pradesh.
Today’s Price – Rs 6.85
Last Year’s Price – Rs 6.18
Market Capitalization – 3,500.92 crore
P/E Ratio – 10.22
Moving Average – Bullish
| STRENGTHS | WEAKNESSES |
| Debt Reduction
|
Declining Net Profit (YoY) |
| Rising dividend since the past five years | Declining Net Cash-flows |
| Zero promoter pledge | Fall in quarterly revenue and net profit (YoY) |
| Strong momentum | Fall in TTM Net Profit |
2. KPR Mills Ltd
KPR Mill Ltd. is one of the leading apparel manufacturing companies in India with mass production of yarn, knitted grey, and dyed. KPR manufactures combed, Grey Melange, carded, and compact yarn used for producing apparels of the world’s leading brands using modern machinery of international standards. The fabric division of the company is equipped with a high speed automatic circular knitting machines. The company is encouraged by the customer’s desire for innovative designs, create fashion trends for men, women, and children. Due to vertical integration of the manufacturing process the company is able to customize its product as per the client’s aspirations with consistent quality assurance.
Today’s Price – Rs 490.15
Last Year’s Price – Rs 610.05
Market Capitalization – 3,373.75 crore
P/E Ratio – 11.45
Moving Average – Bullish
| STRENGTHS | WEAKNESSES |
|
Low Debt |
Growing cost for long term projects |
|
Zero Promoter Debt |
Reducing quarterly Net Profit |
|
Improving book value per share |
Fall in TTM Net Profit |
|
Increasing shareholding of FII/FPI |
Reducing cash flows from operations |
3. Himatsingka Group
Himatsingka Group, founded in 1985 is a vertically integrated home textile major with its presence across Asia, Europe, and North America. The group has manufacturing, retailing, and distribution of the home textile products as its focal point. The group is one of the largest capacities in the world producing drapery fabrics, bed linen products, and upholstery fabrics. With an employee size of 5000, the company continues to expand in the home textile ecosystem. It has its highest focus on customer satisfaction with efficient supply chain capabilities, design and product development, and world-class manufacturing processes.
Today’s Price – Rs 63.90
Last Year’s Price – Rs 159.10
Market Capitalization – 629.14 crore
P/E Ratio – 3.1
Moving Average – Bearish
| STRENGTHS | WEAKNESSES |
|
Rising Dividends from the past five years |
Decreased shareholdings of MFs |
|
Improving book value per share |
Reducing Net Profit (QoQ) |
|
The stock gained more than 20% in a month |
Inefficient use of shareholder’s funds |
|
Zero Promoter Pledge |
Fall in TTM Net Profit |
4. Jindal Worldwide Ltd
Jindal Worldwide Ltd. is a flagship of Jindal Group based in Ahmedabad which founded in 1986 as Jindal Textiles Mills Private Ltd. Subsequently, in 1993 it was converted into an Ltd. company and was recognized as Jindal Textiles Mills Ltd. and presently it is known as Jindal Worldwide Ltd. Jindal is a leading exporter of textile goods like denim, bed linens, technic fabric exporting to countries such as Germany, Italy, UAE, France, USA, Saudi Arabia, etc. Jindal Textiles is a perfect blend of dreams and dedication. For the past 3 decades, the company is working on reinventing its product with a contemporary and unique design. Jindal has a government recognized export house which is amongst the largest manufacturing capacity in India.
Today’s Price – Rs 47.85
Last Year’s Price – Rs 67.95
Market Capitalization – 962.50 crore
P/E Ratio – 29.91
Moving Average – Bullish
| STRENGTHS | WEAKNESSES |
|
The stock gained more than 20% in a month |
Inefficient use of shareholder’s fund |
|
Increase in shareholding by FII/FPI |
The decline in annual net profit |
|
Improving cash flows from operations |
Decreasing Net cash Flows |
|
Increasing revenue in every quarter |
Declining book value per share since the past 2 years |
5. Page Industries Ltd
Page Industries Ltd. popularly known as Jockey is located in Bangalore. India is an absolute licensee of Jockey International USA for the manufacturing, distribution, and marketing of Jockey brand in India, Sri Lanka, Bangladesh, Nepal, and UAE. Jockey is the flagship brand of the Page Industry and is a marketing leader innerwear category. The company is also a sole licensee of Speedo International Ltd. for the manufacturing, marketing, and distribution of the Speedo brand in India. Page Industries has a vision of being the leading swimwear brand in India in terms of both market share and profitability. Page Industries has its 18 exclusive brand stores in Delhi, Gurgaon, Mumbai, Noida, Bangalore, Chennai, Pune, and Ahmedabad with a presence in over 86 cities across the country.
Today’s Price – Rs 20,621.70
Last Year’s Price – Rs 20,400.10
Market Capitalization – 23,010.55 crore
P/E Ratio – 67.01
Moving Average – Bullish
| STRENGTHS | WEAKNESSES |
|
Low Debt Company |
The decline in Net Profit |
|
Efficient use of shareholder’s funds |
Declining Net Cash Flow |
|
Improving ROA with effective utilization of Assets |
Fall in TTM Net Profit |
|
Zero Promoter Pledge |
Declining Operating Profit Margin |
6. Nitin Spinners Ltd
Nitin spinners was incorporated in 1992 and is headquartered in Bhilwara Rajasthan. The company is a leading manufacturer of cotton yarn and knitted fabrics and has widened its presence in more than 50 countries. The company was incepted as a response to a clear need for high-quality products in the textile industry. Nitin spinners are an ISO Certified and have a Government of India Recognised Export House. They are the renowned producers of 100% cotton yarn and fabrics. The company focuses on a strong R&D program for developing value-added products that collaborated with systematic processes and a robust distribution network.
Today’s Price – Rs 40.15
Last Year’s Price – Rs 70.85
Market Capitalization – 226 crore
P/E Ratio – 9.47
Moving Average – Neutral
| STRENGTHS | WEAKNESSES |
|
Increasing Shareholdings of promoters |
Declining quarterly Net Profits |
|
Improving Cash Flows from Operations |
Reducing ROA because of inefficient use of Assets |
|
Improving Book value per share for the last 2 years |
Declining operating profit margin |
|
Increased shareholdings of FII/FPI |
Growing cost YoY for long term projects |
7. Bombay Rayon Fashion Ltd
Bombay Rayon fashion Ltd. was intercepted in 1986 by Mr. J. D. Agarwal. Bombay Rayon Fashions Ltd. is a vertically integrated textile company and is a leading manufacturer of fabrics, apparel, trims, and yarn. Apart from being the largest shirt manufacturer in India, the company has successfully entered as the multi-fiber manufacturing company producing Cotton, Polyester, Modal, Lycra, Wool, and various blends.
Today’s Price – Rs 8.65
Last Year’s Price – Rs 6.70
Market Capitalization – 279.38 crore
Moving Average – Bullish
| STRENGTHS | WEAKNESSES |
|
Increasing Net Cash Flows |
Declining RoCE with ineffective use on capital employed |
|
The stock gained more than 20% in a month |
Declining annual Net Profits |
|
Price above short, medium, and long term moving average |
Low Piotroski Score and low financials |
|
Strong Cash Flows from operating activities |
High Promoter Pledge |
8. Future Lifestyle Fashion Ltd
Future lifestyle fashions Ltd. is a flagship brand of Future Group, an Indian conglomerate founded by Kishore Biyani and is headquartered in Mumbai. Future lifestyle fashion is a trendsetter for the Indian lifestyle fashion business with its collaboration with India’s popular retail destinations like Central, Brand Factory, Planet Sports, and other global fashion brands. The company aims to provide a perfect fusion of modern and traditional fashion with a team of professionals, fashion designers, and entrepreneurs. It has its presence across the key segments within the fashion industry from design to distribution. The company covers the entire spectrum of fashion categories including formal menswear, casual wear, sportswear, ethnic, denim, footwear, and accessories for men and women.
Today’s Price – Rs 155.30
Last Year’s Price – Rs 478.25
Market Capitalization – 3,137.60 crore
P/E Ratio – 24.77
Moving Average – Bullish
| STRENGTHS | WEAKNESSES |
|
Improving RoE with effective use of shareholder’s fund |
Decreased shareholdings by MFs |
|
Growth in Net Profit with increasing Profit Margin |
High Promoter Pledge |
|
Improving ROA with effective utilization of company Assets |
Declining quarterly Net Profit |
|
Increasing shareholdings of FII/ FPI |
Fall in TTM Net Profit |
9. Garware Technical Fibres
Incorporated in 1976 the company is a multi-geographical technical textile company and renowned for providing innovative solutions for aquaculture cage nets, fishing nets, sports nets, safety nets, agriculture, and geosynthetics. The company has a global presence across 75 countries. The company works with the mission of providing innovative application focus solutions to enhance the value of global customers. The company has a strong R&D program recognized by the Department of Science and Technology. The research department of the company has multi-discipline experts in the field of polymers, chemicals, textile, and materials sciences.
Today’s Price – Rs 1,427.30
Last Year’s Price – Rs 1,232.90
Market Capitalization – 3,107.25 crore
P/E Ratio – 17.55
Moving Average – Bullish
| STRENGTHS | WEAKNESSES |
|
MACD Crossover about signal line |
Fall in TTM Net Profit |
|
Zero Promoter Pledge |
Declining Net Cash Flows |
|
Price above short, medium, and long term moving averages |
Decreased MF shareholding |
|
Improving book value since the past 2 years |
Fall in quarterly Revenue and Net Profit |
10. Kewal Kiran Clothing Ltd
Kewal Kiran Clothing Ltd. was incorporated in 1981 and is headquartered in Mumbai. It is one of the India’s largest branded apparel manufacturer engaged in designing, manufacturing, and marketing of branded jeans and a wide range of western wear. The company has a diverse product based covering a wide portfolio of casual, formal, and semi-formal products. The company has its presence in 25 states of India. Killer, Lawman, Integriti, K-lounge, easies are the renowned brands of the company.
Today’s Price – Rs 738.25
Last Year’s Price – Rs 1143.70
Market Capitalization – 910.82 crore
P/E Ratio – 12.46
Moving Average – Bearish
| STRENGTHS | WEAKNESSES |
|
Low Debt Company |
Low Piotroski Score and company with low financials |
|
Zero Promoter Pledge |
MACD Crossover signal line |
|
Improving Book Value per share |
Decreased MF shareholding |
|
Growth in Net Profit with increasing profit margins (QoQ) |
Declining Net Cash Flows |
Article Written By-
Naina Rupani, Management Trainee- TVC
FOSTIIMA Business School
