Textile stocks are shares of companies involved in the production and sale of textiles, which include fabrics, garments, and other textile products.
The textile industry in India contributes about 5% to GDP and 13% to industrial production, employing millions. Key states include Maharashtra, Gujarat, Tamil Nadu, and Punjab. India is a major exporter, with significant markets in the US, Europe, and the Middle East. The sector faces challenges such as outdated technology and environmental concerns.
Return on Equity (ROE) measures how effectively a company uses shareholders’ money to generate profits while the Return on Capital Employed (ROCE) measures how well a company uses its total capital including debt and equity for the same.
Here are a few textile stocks in India with High ROE and ROCE
Raymond Limited
With a market capitalization of Rs 12,782 crores, the shares of Raymond Limited closed at Rs 1,920 per share on Friday down by 0.45 percent.
Taking a look into the financials of the firm, On a year-on-year basis, the revenue from operations increased by 9.7 percent from Rs. 8,215 crores in FY22-23 to Rs 9,020 crores in FY23-24. Also, the net profits of the firm increased by 205 percent from Rs. 537 crores in FY22-23 to Rs 1,643 crores in FY23-24.
The trailing 12 months’ ROE and ROCE of the company stood at 5.82 percent and 4.55 percent respectively.
Cantabil Retail Limited
With a market capitalization of Rs 2,341 crores, the shares of Cantabil Retail Limited closed at Rs 278 per share on Friday down by 1.47 percent.
Taking a look into the financials of the firm, On a year-on-year basis, the revenue from operations increased by 11.5 percent from Rs. 552 crores in FY22-23 to Rs
616 crores in FY23-24. Also, the net profits of the firm decreased by 7.4 percent from Rs. 67 crores in FY22-23 to Rs 62 crores in FY23-24.
The trailing 12 months’ ROE and ROCE of the company stood at 19.06 percent and 15.6 percent respectively.
Axita Cotton limited
With a market capitalization of Rs 678 crores, the shares of Axita Cotton Limited closed at Rs 26.06 per share on Friday up by 0.15 percent.
Taking a look into the financials of the firm On a year-on-year basis, the revenue from operations increased by 100 percent from Rs. 553 crores in FY22-23 to Rs 1,102 crores in FY23-24. Also, the net profits of the firm increased by 17 percent from Rs. 17 crores in FY22-23 to Rs 20 crores in FY23-24.
The trailing 12 months ROE and ROCE of the company stood at 31.05 percent and 31.27 percent respectively.
Written By Zahal
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