However, Indian textile firms which are in to branding of fabrics and apparels are potential companies which can attract eyeballs of stock market investors.
For instance, the share price of Mandhana Industries is currently trading at twice the book value. As on November 16, the share was trading at Rs 240.55 while its book value is Rs 120. It is also trading at a very low discount to its two year PE average of 11.79 against the current PE of 10.79.
Mr Mitesh Shah – CFO at Mandhana Industries which reported revenues of Rs 9.80 billion in fiscal year 2011-12 says, “Textile companies in to branding have more visibility as compared to other textile firms.
He adds, Textile firms in to branding spend a lot of money on advertising and marketing than other normal players, which increases the awareness of these companies among stock market investors”.
“Moreover, textile companies which have retail operations too tend to attract the attention of investors and stocks of these companies are valued higher than those of non-branded fabric and apparel producers”, he winded up by saying.
Fibre2fashion News Desk - India
Fashion | On 25th Apr 2017
LVMH and Christian Dior, which holds directly and indirectly 41 per...
Information Technology | On 25th Apr 2017
It is the era of smart. Intelligent materials like self-repairing...
Palod Himson Machines
Fabric processing machines are picking up
Marazban F Velati
Sutlej Textiles & Industries limited
No training can be effective till the candidate believes in it.
Everflow Petrofils Ltd
‘An innovative technology which India needs desperately is the...
Bombay Textile Research Association
Bombay Textile Research Association (BTRA) is a leading name in textile...
InvestKonsult Sweden AB
Investkonsult Sweden AB has been buying and selling second-hand textile...
Biovation II LLC
Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...
<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...
Golfwear and menswear brand Devereux is set for greener pastures. Robert...
"You have to truly understand what your client wants, know her needs, what ...