Best Textile Stocks to Buy in 2023

Published : 28 Mar 2023

Statistically, the Indian textile industry offers 4.5 crore people employment nationwide. This directly leads to the conclusion that this industry witnesses a huge demand. Pertaining to this, many people turn towards investing in textile stocks.

EPS

1.6

Over the years Trident Ltd., has seen a significant amount of growth. Today, it is among the leading textile manufacturers in the world. With a market capitalization of Rs. 14,650.87 crores, the company has a promoter holding of 72.94%.

P/E Ratio

26.7

3.4

Price to Book Ratio

Current Market Price

₹25.75

13,122

Market Cap Cr

EPS

56.8

Vardhman Textiles is a leading textile company in India, with a presence across the entire textile value chain from yarn to fabric to garments. The company was founded in 1965 and is headquartered in Ludhiana, Punjab. With a market capitalization of Rs. 8,631.89 crores, the company has a promoter holding of 63.86%.

P/E Ratio

8.3

1

Price to Book Ratio

Current Market Price

₹276.65

7,999

Market Cap Cr

EPS

33

This company is considered to be one of the top cotton producers in the country. It has a community of over 10,000 merchants and is worth Rs. 1323 crores on the stock exchange. With a market capitalization of Rs. 1,068.50 crores, the company has a promoter holding of 70.28%. 

P/E Ratio

6.3

1.4

Price to Book Ratio

Current Market Price

₹217.00

978

Market Cap Cr

EPS

68.8

The Raymond Organization is a textile and apparel company based in India. It was founded in 1925 by the late Vijaypat Singhania and is headquartered in Mumbai, Maharashtra. With a market capitalization of Rs. 8,499.14 crores, the company has a promoter holding of 49.15%. 

P/E Ratio

12.3

3

Price to Book Ratio

Current Market Price

₹1109.2

7,384

Market Cap Cr

EPS

112.6

Lux Industries Ltd. is a leading textile company based in India. It was founded in 1957 and is headquartered in Kolkata, West Bengal. The company primarily manufactures and markets innerwear, hosiery, and knitwear products for men, women, and children. With a market capitalization of Rs. 3,797.15 crores, the company has a promoter holding of 74.19%. 

P/E Ratio

18.9

2.8

Price to Book Ratio

Current Market Price

₹1158.3

3,483

Market Cap Cr