India’s prowess in textile production is evident through its exports. It is the third-largest exporter of textiles and apparel in the world. Moreover, in the Q4 FY 2025, the textile and apparel export has surged by 7%.
The overall textile industry is expected to grow consistently at 10% CAGR to reach US$ 350 billion by 2030. Investors can become a part of this growth by exploring these top 10 textile stocks to provide the desired diversification for their portfolio.
Dive deeper! Textile industry in India – The foundation of fashionable clothing trends
Top 10 Textile Stocks in India
The following list categorises the top 10 textile stocks based on their market capitalisation as of April 15, 2025.
| Particulars | Market Capitalisation (In ₹ crores) | Return on Equity | P/E ratio (in times) |
|---|---|---|---|
| Grasim Industries Ltd. | 1,84,995.06 | 6.09% | 45.47 |
| Vardhaman Textiles Ltd. | 14,035.10 | 7.09% | 16.58 |
| Trident Ltd. | 13,519.87 | 8.16% | 46.11 |
| Welspun Living Ltd. | 12,608.24 | 15.62% | 19.77 |
| Arvind Ltd. | 8,968.56 | 9.73% | 29.75 |
| Garware Technical Fibres Ltd. | 8,589.97 | 18.52% | 37.35 |
| Alok Industries Ltd. | 7,969.21 | (171.02) | (935) |
| Jindal Worldwide Ltd. | 6,997.16 | 11.05% | 85.31 |
| Raymond Lifestyles Ltd. | 6,470.09 | 11.69% | 44.54 |
| Indo Count Industries Ltd. | 5,516.80 | 17.52% | 16.88 |
Let’s explore the financials, operations and other crucial dynamics of these top 10 textile companies in detail.
The company specialises in the production of Cellulosic Staple Fibre (CSF). The fabric is unique and biodegradable. It is used in apparel, home textiles and knitwear. Its financials are as follows:
| Particulars | FY 2024 | FY 2023 | Change (%) |
| Revenue (in ₹ crores) | 1,30,978.48 | 1,17,627.08 | 11.35 |
| Net Profit (in ₹ crores) | 9,925.65 | 11,078.20 | (10.40) |
| Debt-to-Equity Ratio (in times) | 0.11 | 0.04 | 175.00 |
The share price of Grasim has grown by nearly 21.2% in a year’s timeframe as of April 15, 2025. However, its Earnings Per Share (EPS) has been unstable for some years.
Established in 1965, the company is engaged in the manufacturing of yarn, fabric and garments. The company has a presence in nearly 75 countries across the globe. Its financials are as follows:
| Particulars | FY 2024 | FY 2023 | Change (%) |
| Revenue (in ₹ crores) | 9,504.68 | 10,137.49 | (6.24) |
| Net Profit (in ₹ crores) | 636.70 | 804.75 | (20.88) |
| Debt-to-Equity Ratio (in times) | 0.20 | 0.20 | 0 |
Despite weak financials, this textile share has surged by 4.7% in a year as of April 15, 2025. The EPS of Vardhaman has also been in declining trend since FY 23.
Started as a yarn manufacturer in 1990, the company has also specialised in the vertices of bed and bath linen. This segment has contributed nearly 57% of its FY 2024 revenues. Its financials are as follows.
| Particulars | FY 2024 | FY 2023 | Change (%) |
| Revenue (in ₹ crores) | 6,808.83 | 6,332.26 | 7.52 |
| Net Profit (in ₹ crores) | 349.99 | 441.61 | (20.74) |
| Debt-to-Equity Ratio (in times) | 0.36 | 0.25 | 44.00 |
The share price of Trident has declined by 31.5% in just a year’s timeframe as of April 15, 2025. Moreover, its P/E ratio is higher than the industry average of 18.96, which may be perceived as overpriced.
- Welspun Living Ltd.
The company is a global leader in the home textiles industry with key clients like Taj, Unilever, Himalaya, Metro, Shoppers Stop, etc. Its financials are as follows:
| Particulars | FY 2024 | FY 2023 | Change (%) |
| Revenue (in ₹ crores) | 9,769.24 | 8,093.76 | 20.70 |
| Net Profit (in ₹ crores) | 672.74 | 202.51 | 232.20 |
| Debt-to-Equity Ratio (in times) | 0.30 | 0.38 | (21.05) |
The decline in the debt-to-equity ratio indicates a potential decrease in debt or an increase in equity. Despite potential EPS growth in FY 2024, this textile share has declined by 12.7% in a year as of April 15, 2025.
- Arvind Ltd.
Established in 1897, the company was the key contributor to the launch of India’s first denim brand ‘Flying Machine’. It is mainly engaged in garment manufacturing and has brought brands like Tommy Hilfiger, Nautica and Calvin Klein to India. Its financials are as follows:
| Particulars | FY 2024 | FY 2023 | Change (%) |
| Revenue (in ₹ crores) | 7100.46 | 7722.69 | (8.05) |
| Net Profit (in ₹ crores) | 304.90 | 345.91 | (11.85) |
| Debt-to-Equity Ratio (in times) | 0.37 | 0.42 | (11.90) |
As of April 15, 2025, the share price of this company has surged by 9.4% in a year’s timeframe. However, its P/E ratio is higher than the industry average.
The company has a deep experience of 46 years in the industry, which is reflected in its leading position in the technical textiles space. It manufactures nets for sports, fishing, agriculture, and safety purposes along with polymer ropes. Its financials are as follows:
| Particulars | FY 2024 | FY 2023 | Change (%) |
| Revenue (in ₹ crores) | 1,325.61 | 1,305.54 | 1.53 |
| Net Profit (in ₹ crores) | 208.18 | 172.19 | 20.90 |
| Debt-to-Equity Ratio (in times) | 0.14 | 0.22 | (36.36) |
The price of this textile share has surged by 30.2% in a year as of April 15, 2025. Its EPS has also been in an upward trend in recent years.
Established in 1986, the company has a detailed portfolio of products like home textiles, spurn yarn, apparel fabric, technical textiles, packaging materials, etc. Its financials are as follows:
| Particulars | FY 2024 | FY 2023 | Change (%) |
| Revenue (in ₹ crores) | 5,509.59 | 6,989.20 | (21.16) |
| Net Profit (in ₹ crores) | (846.82) | (880.46) | 3.82 |
| Debt-to-Equity Ratio (in times) | 0.18 | 0.24 | (25.00) |
The company has been incurring losses from FY 2016, which can be a point of concern for investors. Its share price has tumbled down by nearly 41% in a year, as of April 15, 2025. Moreover, due to losses, the EPS has also been negative for many years.
- Jindal Worldwide Ltd.
The company is known as Asia’s largest denim fabric manufacturer. It is mainly engaged in the production of premium-printed shirts, bottoms, denims, etc. Established in 1980, the entity earns around 93% of its revenues from the international market as of FY 2024. Its financials are as follows:
| Particulars | FY 2024 | FY 2023 | Change (%) |
| Revenue (in ₹ crores) | 1,814.08 | 2,070.01 | (12.36) |
| Net Profit (in ₹ crores) | 75.64 | 115.71 | (34.62) |
| Debt-to-Equity Ratio (in times) | 1.42 | 1.58 | (10.12) |
Despite the stressed financial growth, this textile share has managed to grow 5.4% in a year’s timeframe as of April 15, 2025. However, its EPS has been volatile in the past few years.
- Raymond Lifestyles Ltd.
The brand is widely popular in India due to its retail availability and fashion apparel. The company is a part of the Raymond group and specifically caters to their fashion and fabric segment. Its financials are as follows:
| Particulars | FY 2024 | FY 2023 | Change (%) |
| Revenue (in ₹ crores) | 83 | 130 | (36.15) |
| Net Profit (in ₹ crores) | 2,204 | 44 | 4909.09 |
| Debt-to-Equity Ratio (in times) | 0.20 | – | – |
This textile share was recently listed on the stock market in September 2024. Since then, its stock price has tumbled by nearly 62%. Moreover, the financials and businesses of this brand have been volatile in recent years.
Also, read Raymond’s demerger and the rise of Raymond Realty
The company’s products are designed to elevate the sleep experience. It includes bed sheets, linens, pillowcases, duvet covers, etc. Incorporated in 1988, the company has maintained a strong trajectory of its financial performance. Its financials are as follows:
| Particulars | FY 2024 | FY 2023 | Change (%) |
| Revenue (in ₹ crores) | 3,557.06 | 3,011.55 | 18.11 |
| Net Profit (in ₹ crores) | 337.92 | 276.77 | 22.09 |
| Debt-to-Equity Ratio (in times) | 0.32 | 0.33 | (3.03) |
Despite strong EPS and other financials, the company’s share price has declined by nearly 24% in a year as of April 15, 2025.
Bottomline
The textile and apparel industry has a strong viability due to its export prowess and demand. Therefore, investing in some of the best textile stocks can provide diversification to the portfolio.
However, investors can mainly analyse their investment objectives, risk tolerance and existing portfolio exposure before making an investment decision. This list of top 10 textile stocks based on the market capitalisation can be referred for the same.
Explore more: What Makes a Stock the Best for Long-Term Investments?
FAQs
- Which textile share is below ₹50?
Among the top 10 stocks based on market capitalisation, the current market price of Trident Ltd is ₹26.3 and Alok Industries Ltd. is ₹15.07 as of April 15, 2025. These textile shares can be considered after a thorough analysis for an investment below ₹50.
- Which state is famous for textiles in India?
Different states are popular for their peculiar patterns in the textile industry. For example, Bandhani from Gujarat, Kanjivaram silk from Tamil Nadu, Pashmina Silk from Kashmir, Sambalpuri fabric from Odisha, etc. Such different textiles add up to the US$ 36 billion exports of the Indian textile industry.
- What is the key factor to analyse while investing in textile stocks?
One of the key aspects to analyse textile stocks can be revenue from operations and sales volume. Apart from this, investors can analyse the performance of fundamentals and stock-specific technicals like price movement and volume.
- What is earnings per share?
The ratio indicating the net profit per outstanding equity share in the market is known as earnings per share or EPS. Investors can determine the profitability and resource optimisation efficiency. The trend of EPS can indicate crucial information to the investors.
- Is textile a good investment in India?
The textile industry is expected to grow at 10% CAGR by 2030. Moreover, the textile exports have surged confidently by 7% in the Q4 FY 2025. Therefore, it can be a potential investment opportunity. However, investors should perform thorough analysis before making investment decisions.
