Top 10 Best Textile Stocks to Buy in India

Top 10 Best Textile Stocks to Buy in India – List of Top 10 Multibagger Textile Companies.

Here Top 10 Best Textile Stocks to Buy in India – List of Top 10 Multibagger Textile Companies Shares to Buy in Stock Market in India.

Why Invest in Best Textile Stocks India

Textile and Garment companies from around the World are shifting towards Indian Textile Industry to fulfill their orders.

Recently it has been observed that several Global Textile, Garment and Apparels Brands that used to source form China and Bangladesh are now reaching out to Indian suppliers, mainly in the Textile Hub of India – Tirapur in Tamil Nadu State.

These Multinational Companies are from several countries including – Germany, Czech Republic, Egypt, Greece, Jordan, Mexico, Spain, Turkey, Panama, South Africa, Spain, EU and The US.

There are several reasons for this which these companies don’t want to discuss. Few reasons are:

1. Unwanted Lock downs.
2. US Bans of Imports from Xinjiang Province in China.
3. “China Plus One” Strategy of Western Countries. This strategy aims to cut down exclusive dependence of Chinese Supply Chain and to do business with more countries.

Also Read:

• Why Invest in Textile Stocks in India?
• Best Performing Textile Stocks to Buy in India
• Top 10 Textile Companies in India by Market Cap

Growth in Indian Textile Industry

After disappointing 3 years (from 2019-2021), India’s Textile Exports has jumped from US$ 33 Billion in FY 2020-21 to US$44 Billion in 2021-22.

Export of Ready-Made Garments has also seen a growth of over 31% in FY 2020-21.

Top Indian Garment Export Destinations are – USA (27%), EU (18%), Bangladesh (12%( and UAE (6%).

The Indian Government and the Indian Textile Industry have set Target of Textile and Apparel Exports to US$ 100 Billion by 2030 as compared of US$ 44 Billion in FY 2021-22.

This means that the Textile Exports from India have a High Cumulative Annual Growth Rate in the Next 6-8 Years.

Also Read:

• Top 10 Textile Companies in India by Net Profit
• Introduction to Stock Market in India
• Top 10 Textile Companies in India

List of Top 10 Best Textile Stocks to Buy in India

This List of Top 10 Best Textile Stocks to Buy in India is Made after thorough Fundamental Analysis, Study of P/E Ratio and How to Pick Best Stocks to Buy in India.

S. No	Stock	Market Cap (B INR)	P/E Ratio
1.	DCM Nouvelle	3.38	2.83
2.	Precot	3.05	2.76
3.	Nahar Spinning	14.59	2.91
4.	Nitin Spinners	13.16	4.03
5.	RSWM	10.06	4.08
6.	Shiva Mills	0.84	4.74
7.	Lagnam Spintex	1.43	4.78
8.	Maral Overseas	3.15	4.68
9.	Vardhman Textile	83.85	5.34
10.	Ambika Cotton	10.36	5.76

Top 10 Best Textile Stocks: Fundamentals

1. DCM Nouvelle Ltd

• Listed: DCMNVL
• Founded: 1991
• Headquarters: Hisar, Haryana, India
• Market Cap: 3.38 Billion Indian Rupees
• P/E Ratio: 2.83
• Primary Stock Exchange: NSE
• Official Website

2. Precot Ltd

• Listed: PRECOT
• Founded: 1962
• Headquarters: Coimbatore, Tamil Nadu, India
• Market Cap: 3.05 Billion Indian Rupees
• P/E Ratio: 2.76
• Primary Stock Exchange: NSE
• Official Website

3. Nahar Spinning Mills Ltd

• Listed: NAHARSPING
• Founded: 1980
• Headquarters: Ludhiana, Punjab, India
• Market Cap: 14.596 Billion Indian Rupees
• P/E Ratio: 2.91
• Primary Stock Exchange: NSE
• Official Website

4. Nitin Spinners Ltd

• Listed: NITINSPIN
• Founded: 1992
• Headquarters: Mumbai, Maharashtra, India
• Market Cap: 13.16 Billion Indian Rupees
• P/E Ratio: 4.03
• Primary Stock Exchange: NSE
• Official Website

5. RSWM Ltd

• Listed: RSWM
• Founded: 1960
• Headquarters: Noida, Uttar Pradesh, India
• Market Cap: 10.06 Billion Indian Rupees
• P/E Ratio: 4.08
• Primary Stock Exchange: NSE
• Official Website

6. Shiva Mills Ltd

• Listed: SHIVAMILLS
• Founded: 2015
• Headquarters: Dindigul, Tamil Nadu, India
• Market Cap: 843.79 Million Indian Rupees
• P/E Ratio: 4.74
• Primary Stock Exchange: NSE
• Official Website

7. Lagnam Spintex Ltd

• Listed: LAGNAM
• Founded: 2010
• Headquarters: Bhilwara, Rajasthan, India
• Market Cap: 1.43 Billion Indian Rupees
• P/E Ratio: 4.78
• Primary Stock Exchange: NSE
• Official Website

8. Maral Overseas Ltd

• Listed: MARALOVER
• Founded: 1989
• Headquarters: Noida, Uttar Pradesh, India
• Market Cap: 3.15 Billion Indian Rupees
• P/E Ratio: 4.68
• Primary Stock Exchange: NSE
• Official Website

9. Vardhman Textiles Ltd

• Listed: VTL
• Founded: 1973
• Headquarters: Ludhiana, Punjab, India
• Market Cap: 83.85 Billion Indian Rupees
• P/E Ratio: 5.34
• Primary Stock Exchange: NSE / BSE
• Official Website

10. Ambika Cotton Mills Ltd

• Listed: AMBIKCO
• Founded: 1988
• Headquarters: Coimbatore, Tamil Nadu, India
• Market Cap: 10.36 Billion Indian Rupees
• P/E Ratio: 5.76
• Primary Stock Exchange: NSE
• Official Website

FAQs: Textile Stocks and Industry

Conclusion & Disclaimer

In order to give Boom to Indian Textile Industry, the Indian Government is taking several steps such as setting up Textile Parks such as MITRA (Mega Integrated Textile Region and Apparel) and PLI Scheme.

PS: All care has been taken to prepare this List of Top 10 Best Textile Stocks to Buy in India but Investors are Advised to do even further Research and Analysis before Investment.

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