TEXTILE & APPAREL CHAIN IN THE STOCK MARKET WORLD.

INTRODUCTION:

 

India’s textile sector is one of the oldest industries in the Indian economy, dated back to several centuries. The industry is extremely varied, with hand-spun and hand-woven textiles sectors at one end of the spectrum, while the capital-intensive sophisticated mills sector on the other end. India’s textile chain has such a huge customer base that it has contributed seven per cent of the industry output (in value terms) in FY19. It contributed two per cent to the GDP of India and employed more than 45 million people in FY19. The sector contributed 15 per cent to India’s export earnings in FY19.

COMPANY’S NAME,  DETAILS & UPDATES:

(CURRENT PRICES ARE THE CLOSING PRICES AS ON 29^TH JULY, ’20.)

1)  AMBIKA COTTON –

Ambika Cotton Mills Limited is an Indian-based company engaged in manufacturing and selling specialty cotton yarn. The company corp-orates through 2 segments namely, Textiles and Windmills. Ambika Cotton operates in the international as well as domestic yarn markets.

• Net sales of March ’20 recorded was Rs. 146.29 crore. Down 4.54% YoY.
• According to the money-control “Forum” there has been an indication to buy Ambika Cotton giving a very assured 100% votes.
• The technical charts is followed by a Very Bearish trend.

Current price: Rs. 657.55

2) CENTURY TEXTILE AND INDUSTRIES LTD –

Century Textile and Industries is a textile, paper manufacturing and export company based in Mumbai,India. It was established in 1897. In 1951 it was the only one Cotton textile mill in Mumbai. They are also involved in business segments like rayon, cement and pulp.

• Q1 FY20 reports a et loss of Rs. 36 crore due to lockdown disruption.

Current price : Rs. 306.15

 

3) GARWARE TECHNICAL FIBERS LTD –

Garware Technical Fibers formerly known as Garware-Walls Ropes LTD is one of India’s leading players in the technical textiles sector. The organisation was established in 1976, the company today is a multi-divisional, multi-geographical technical textiles company.

• Net sales of March’20 recorded was Rs. 244.19 crore. Down 5.66 YoY.
• The stock’s technical chart indicates a very bullish trend.

Current price : Rs. 1689.85

 

4) HIMATSINGKA SEIDE LTD –

Himatsingka Siede Limited is a home textile company, which is engaged in spinning, weaving and finishing of textiles, and manufacturing of other textiles. The company is engaged in the business of manufacturing, marketing and distribution of textiles consisting of fabric and yarn.

• A negative return of 51.79 was reported in the quarterly result declared on June 06, ’20.
• The manufacturing plant became operational at Doddaballapur, Karnataka on July 22, ’20.

Current price: Rs. 64.25

 

5) K P R MILLS LTD –

K P R Mill Limited is a holding company. The company is an apparel manufacturing company, which is engaged in the business oF producing yarn, knitted fabric, ready made garments and wind power. The company operates in domestic and export segments geographically.

• Negative 5.1 % QoQ recorded.
• Increase in exports by 3%.
• Q1 FY19 recorded sales of 235 Lakhs, whereas Q1 FY20 recorded sales of 294 Lakhs. Thus leading to Annual improvisation.

Current price : Rs. 427.25

 

6) LOYAL TEXTILE MILLS LTD –

Loyal textile mills ltd is engaged in the manufacturing of yarn, cloth and hosiery cloth. The company operates in 5 segments namely- Yarn manufacturing, Yarn trading, Cloth, Cloth trading and Garments. The company’s annual capacity is 15,00,000 pieces of woven garments and 20,00,000 pieces of knitted garments.

• Net sales of March ’20 recorded was Rs. 270.39 crores. Down 19.08%.

Current price : Rs.261.30

 

7) NAHAR SPINNING MILLS LTD –

Nahar spinning mills ltd started as a tiny spinning and hosiery unit in Ludhiana. Earlier it was incorporated as a private company, later it became a public company in 1983. The steady growth in manufacture and export of woolen/cotton hosiery knit wears and woolen textiles enabled to the company to earn the recognition of “Export house” by the Government of India in a very short span.

• Net sales recorded of Rs. 568.61 crore. Down 7.4%.
• The technical charts indicate a bearish trend for the stock.

Current price: Rs. 32.75

 

8) NITIN SPINNERS –

Nitin Spinners Limited is engaged in textiles business. The Company manufactures cotton yarn and cotton knitted fabric. The Company’s products are applicable in manufacturing products, such as apparel and garments, under garments, terry towels, woven fabrics, home furnishings, carpets, denim, industrial textiles, medical textiles, mattresses sticking’s and socks, among others.

• East India Securities went bullish on Nitin spinners, as the company’s quarterly result came out with better than expected performance during Q4 FY19.
• There had been a sales growth of 21.3% YoY to Rs. 3801mn, driven by 16% YoY volume growth in yarn business.

Current price: Rs. 39.85

 

9) PEARL GLOBAL INDUSTRIES LIMITED –

Pearl Global Industries Limited is engaged in the manufacturing and exporting of ready made garments.  It has a total capacity to manufacture 5.4 million garments per month. It provides supply chain solutions to retailers and fashion brands in the United States and Europe. It has a manufacturing base across India, Indonesia and Bangladesh.

• A consideration has been made by the company’s Board to give out Dividend to the shareholders, indicating a positive news in the market.
• The technical chart indicates a bullish trend.
• Audited Quarterly results and Dividend will be declared on July 28, ’20.

Current price: Rs.112.30

 

10) RUPA AND COMPANY LIMITED –

Rupa & Company Limited is engaged in the manufacture of knitted apparel, including hosiery. The Company offers textile, leather and other apparel products. It operates through garments and hosiery goods and related services segment. The Company provides a range of knitted garments from inner wear to casual wear.

• On 27 June, ’20, a new whole time director and a new managing director was appointed.
• The shareholding for the period ending June 30, ’20 was declared.

Current price: Rs. 155.75

 

ROAD AHEAD:

The future for the Indian textiles industry looks promising, buoyed by strong domestic consumption as well as export demand. With consumerism and disposable income on the rise, the retail sector has experienced a rapid growth in the past decade with the entry of several international players. High economic growth has resulted in higher disposable income. This has led to rise in demand for products creating a huge domestic market.

 

ARTICLE BY:

VRIDHI BHAGNARI.