Debt Free Textiles Stocks English

Debt Free Textiles Stocks

The table below shows the Debt-free textile stock based on the highest market capitalization.

NameMarket Cap (Cr)Close Price
Voith Paper Fabrics India Ltd990.962285.0
Ambika Cotton Mills Ltd880.451594.05
GHCL Textiles Ltd790.4981.85
Akm Creations Ltd144.44110.8
Paras Petrofils Ltd111.963.3
IFL Enterprises Ltd110.321.65
Bhilwara Spinners Ltd107.83117.5
Shiva Mills Ltd85.9997.0
Tatia Global Vennture Ltd59.283.99
Mittal Life Style Ltd53.271.95

Content: 

What are Textiles Stocks?

Textiles stocks represent companies engaged in the manufacturing, distribution, and sale of textile products, including fabrics, apparel, home furnishings, and industrial textiles. These stocks are influenced by factors such as consumer spending, fashion trends, raw material prices, and global economic conditions. Investors may consider textile stocks for their potential growth and stability, especially during periods of economic expansion and increasing consumer demand for clothing and textiles.

Best Debt Free Textiles Stocks

The table below shows the Best Debt Free Textiles Stocks based on 1 Year Return. 

NameClose Price1Y Return %
Paras Petrofils Ltd3.3266.67
Tatia Global Vennture Ltd3.99253.1
Bhilwara Spinners Ltd117.5194.12
Voith Paper Fabrics India Ltd2285.086.51
Akm Creations Ltd110.867.62
Mid India Industries Ltd13.5438.87
Mittal Life Style Ltd1.9535.42
GHCL Textiles Ltd81.8519.66
Shiva Mills Ltd97.018.65
Adinath Textiles Ltd26.8514.26

Top Debt Free Textiles Stocks

The table below shows the Top Debt Free Textiles Stocks based on the highest day Volume.

NameClose PriceDaily Volume (Shares)
Maharashtra Corp Ltd0.9139946171.0
IFL Enterprises Ltd1.653599574.0
Mittal Life Style Ltd1.951350560.0
GHCL Textiles Ltd81.85148794.0
Tatia Global Vennture Ltd3.99124653.0
Paras Petrofils Ltd3.385386.0
Heads UP Ventures Limited13.043131.0
Ambika Cotton Mills Ltd1594.0523098.0
Shiva Mills Ltd97.019355.0
Akm Creations Ltd110.87500.0

Who Should Invest In Debt Free Textiles Stocks in India?

Investors seeking stable and potentially lucrative opportunities in India’s textile industry may find debt-free textile stocks appealing. These stocks offer reduced financial risk due to their lack of debt, making them attractive to risk-averse investors. Additionally, those interested in the textile sector’s long-term growth prospects, driven by factors like rising consumer demand and government initiatives, may consider investing in debt-free textile stocks for potential returns.

How To Invest In The Best Debt Free Textiles Stocks?

To invest in the best debt-free textile stocks, conduct thorough research on companies operating in the textile industry in India. Look for companies with strong financial health, including no debt on their balance sheets. Utilize financial websites, stock screeners, and news sources to identify promising candidates. Once identified, open a brokerage account, and execute buy orders for the selected stocks through your chosen brokerage platform.

Performance Metrics Of Debt Free Textiles Stocks

Performance Metrics Of Debt Free Textiles Stocks entail vigilance over the Debt-to-Equity Ratio to ensure the companies remain debt-free, despite focusing on such entities, by monitoring any fluctuations in leverage that could jeopardize their debt-free status.

1. Revenue Growth: Assess the consistent growth in revenue over time, indicating the company’s ability to generate sales.

2. Profit Margins: Evaluate the company’s profitability using metrics such as gross profit margin, operating profit margin, and net profit margin.

3. Return on Equity (ROE): Measure the company’s efficiency in generating profits from shareholders’ equity.

4. Earnings Per Share (EPS): Monitor the company’s profitability on a per-share basis.

5. Inventory Turnover Ratio: Analyze how quickly the company sells its inventory, reflecting operational efficiency.

6. Cash Flow from Operations: Examine the company’s ability to generate cash from its core business activities.

7. Market Share Growth: Track the company’s expansion in market share compared to competitors, indicating its competitive strength.

8. Customer Retention Rate: Measure the percentage of customers retained over a specific period, reflecting customer satisfaction and loyalty.

9. Return on Investment (ROI): Calculate the return on investment from holding the stock, considering dividends and capital appreciation.

Benefits Of Investing In Debt Free Textiles Stocks

The main benefits of investing in debt-free textile stocks include their appeal to investors aiming for stability and long-term growth, owing to their lack of debt, potentially resulting in increased valuations and returns, making them an attractive investment option.

1. Reduced Financial Risk: Debt-free status lowers the risk of default or bankruptcy, providing stability to investments.

2. Strong Cash Flow: Without debt obligations, companies can allocate more cash towards growth initiatives or shareholder returns.

3. Flexibility for Expansion: Debt-free companies have the flexibility to invest in expansion or innovation without the burden of debt servicing.

4. Resilience in Downturns: Debt-free status provides resilience during economic downturns, allowing companies to maintain operations and potentially gain market share.

Challenges Of Investing In Debt Free Textiles Stocks

The main challenges of investing in debt-free textile stocks include the possibility that investors might view such companies as excessively cautious due to their lack of debt, potentially leading to an underestimation of their growth prospects and diminished interest from investors.

1. Limited Growth Opportunities: Without leverage, companies may have limited resources for expansion and innovation, potentially hindering growth compared to leveraged counterparts.

2. Competitive Disadvantage: In highly competitive markets, debt-free companies may struggle to compete with rivals that leverage debt for strategic initiatives and market expansion.

3. Capital Allocation: Without debt obligations, management may allocate capital less efficiently, leading to suboptimal investment decisions or misuse of resources.

4. Lower Returns: While debt-free status offers stability, it may result in lower returns compared to riskier, leveraged investments, especially during bullish market conditions.

Introduction to Debt Free Textiles Stocks

Voith Paper Fabrics India Ltd

The Market Cap of Voith Paper Fabrics India Ltd is Rs. 990.96 crore. The stock’s monthly return is 17.40%. Its one-year return is 86.51%. The stock is 12.82% away from its 52-week high.

Voith Paper Fabrics India Limited, an India-based company, specializes in the manufacturing and trading of paper machine clothing for the pulp, paper, and board industry. Their product range includes Forming Fabric, Press Fabric, Roll Covers, and QualiFlex sl.

Ambika Cotton Mills Ltd

The Market Cap of Ambika Cotton Mills Ltd is Rs. 880.45 crore. The stock’s monthly return is -1.23%. Its one-year return is 3.73%. The stock is 18.25% away from its 52-week high.

Ambika Cotton Mills Limited, an Indian company, specializes in producing and selling premium cotton yarn tailored for shirt and t-shirt manufacturers worldwide. The company’s product range includes 100% cotton Compact yarn in counts ranging from 20s to 120s combed, suitable for premium branded shirts and t-shirts. Utilizing both imported and Indian cotton, Ambika Cotton Mills Limited manufactures cotton ring-spun and compact yarn for shirting purposes. 

With a total installed spindle capacity of approximately 108,288 in four units, the company’s knitting facility transforms 40,000 kilograms of yarn per day into fabrics. Additionally, the company has incorporated 27.4 megawatts of wind power capacity to cater to the spinning segment’s energy needs. Its spinning plants are situated in Kanniyapuram and Dindigul, while the windmills are located in Tirunelveli, Dharapuram, and Theni in the state of Tamil Nadu.

GHCL Textiles Ltd

The Market Cap of GHCL Textiles Ltd is Rs. 790.49 crore. The stock’s monthly return is -4.41%. Its one-year return is 19.66%. The stock is 20.04% away from its 52-week high.

GHCL Textiles Limited is an Indian company that specializes in manufacturing and supplying a variety of yarns. The company is known for producing high-quality yarns, including GIZA, SUPIMA, Australian, and CmiA varieties, to meet the needs of both local and international markets. The company manufactures a range of cotton and synthetic yarn with a production capacity of around 225,000 ring spindles, 3320 rotors, 480 vortex positions, and 5760 TFO spindles. 

Its products include yarn-dyed shirting, various types of clothing, and home textile items like bedsheets, linens, towels, and curtains. Equipped with advanced textile machinery from reputable brands such as Rieter, Trutzschler, LMW, Suessen, Uster, and others, GHCL Textiles Limited mainly exports its products to countries like Italy, Sri Lanka, Bangladesh, Germany, and other South Asian nations. The company’s yarn production facilities are located in Paravai, Madurai district, and Manaparai, Tiruchirappalli district, both in Tamil Nadu.

 IFL Enterprises Ltd

The Market Cap of IFL Enterprises Ltd is Rs. 110.32 crore. The stock’s monthly return is 76.66%. Its one-year return is -79.30%. The stock is 546.88% away from its 52-week high.

IFL Enterprises Limited is an Indian company involved in acquiring and trading shares, stocks, and bonds. The company also deals in various types of fabrics and similar products, offering a diverse range of items.

Mid India Industries Ltd

The Market Cap of Mid India Industries Ltd is Rs. 23.42 crore. The stock’s monthly return is 54.30%. Its one-year return is 38.87%. The stock is 6.13% away from its 52-week high.

Mid India Industries Limited is an Indian company that specializes in the processing of cotton and other fibers to create yarn. The company has two main segments: Leasing and Trading, and primarily focuses on spinning, cotton ginning, and related textile industries. Their product range includes both regular items, such as 100% cotton yarn (carded and combed), polyester/cotton blends (carded and combed), and 100% polyester yarns, as well as special products like multi-fold yarn with up to eight folds, designed for use in carpets, tufting, and other industrial fabrics. 

The yarns are available in various compositions and cone sizes ranging from approximately 1.89 kilograms to jumbo packs of around five kilograms. Mid India Industries Limited operates its plant in the Textile Mill Area, Station Road, Mandsaur, Madhya Pradesh.

Mittal Life Style Ltd

The Market Cap of Mittal Life Style Ltd is Rs. 53.27 crores. The stock’s monthly return is 11.76%. Its one-year return is 35.42%. The stock is 66.67% away from its 52-week high.

Mittal Life Style Limited, based in India, specializes in providing bottom-weight fabrics and denim. The company operates within the Fabric Trading segment and is involved in fabric and garment manufacturing and designing, trading, exporting, and importing these products. They are also active in the manufacturing, processing, weaving, bleaching, dyeing, knitting, importing, exporting, and trading of various fabrics, including silk, art silk, cotton, rayon, wool, and manmade fabrics.

In addition, they are manufacturers, spinners, sizers, twisters, crimpers, texturizers, dyers, processors, dealers, importers, exporters, and distributors of cotton, synthetic, and nylon fibers, threads, and yarns. The company’s product range includes polyester dobby, cotton knits, satin silky, polyester shirting, satin silky and polyester knits, cotton satin silky, white ecru, and cotton dyed fabrics.

Paras Petrofils Ltd

The Market Cap of Paras Petrofils Ltd is Rs. 111.96 crore. The stock’s monthly return is -17.95%. Its one-year return is 266.67%. The stock is 18.18% away from its 52-week high.

Paras Petrofils Limited, situated in India, does not engage in any business activities and has not produced any revenue.

Tatia Global Vennture Ltd

The Market Cap of Tatia Global Vennture Ltd is Rs. 59.28 crore. The stock’s monthly return is 5.84%. Its one-year return is 253.10%. The stock is 91.73% away from its 52-week high.

Tatia Global Venture Limited was originally established as Tatia Intimate Exports Ltd in 1994-95. The company’s main focus is on the textile industry and infrastructure projects. It follows a strategy of both organic and inorganic growth. While its core business has been its primary focus, the company aims to expand into various projects and ventures. 

To achieve this, the company has acquired a significant amount of land through its subsidiaries. The company sees opportunities for growth due to favorable economic conditions in various sectors. Barring any unexpected challenges, the company is on track to achieve its financial goals smoothly.

Bhilwara Spinners Ltd

The Market Cap of Bhilwara Spinners Ltd is Rs. 107.83 crore. The stock’s monthly return is -2.58%. Its one-year return is 194.12%. The stock is 36.09% away from its 52-week high.

The esteemed LNJ Bhilwara Group, a prominent business conglomerate in India, traces its origins back to 1960. Founded by the legendary Mr. L. N. Jhunjhunwala in Bhilwara, Rajasthan, the group’s journey began with a textile mill, eventually evolving into RSWM Limited, one of India’s leading textile companies. Under Mr. Jhunjhunwala’s determination, conviction, and vision, the group expanded to encompass 17 companies, including 21 manufacturing units and 9 marketing offices across various sectors such as textiles, power, graphite electrodes, and information technology.

Maharashtra Corp Ltd

The Market Cap of Maharashtra Corp Ltd is Rs. 51.79 crores with a monthly return of -4.26% and a one-year return of -26.61%. The stock is 119.78% away from its 52-week high.

Maharashtra Corporation Limited, an India-based company, specializes in commodity trading and real estate. The company invests in and trades various textile products including gunnies, handicrafts, hessian, and more.

Heads UP Ventures Limited

The Market Cap of Heads UP Ventures Limited is Rs. 29.04 crore. The stock’s monthly return is -15.03%. Its one-year return is -7.14%. The stock is 73.08% away from its 52-week high.

Heads UP Ventures Limited, a retail company based in India, specializes in the garment industry. The company focuses on creating and distributing fashion clothing and accessories, with operations spanning from design, development, production, marketing, and distribution. Its product lineup includes various items such as shirts, caps, belts, bags, and flip-flops. The company’s brands, HUP and Device of Turtle, are well-known. Heads UP Ventures Limited caters to both domestic and international markets, exporting its products to several countries.

Shiva Mills Ltd

The Market Cap of Shiva Mills Ltd is Rs. 85.99 crore. The stock’s monthly return is 6.32%. Its one-year return is 18.65%. The stock is 23.04% away from its 52-week high.

Shiva Mills Limited, headquartered in India, specializes in the manufacturing and marketing of cotton yarn. The company operates two main divisions: a Spinning Unit and a Windmill Unit. The Spinning Unit, located near Dindigul, Tamil Nadu, has an installed capacity of around 39,072 spindles. 

The Windmill Units consist of 22 windmills with a total installed capacity of approximately 10.65 megawatts (MW). The Spinning Unit is dedicated to producing cotton yarn for knitting, offering a range of counts from Ne 20/1 to 40/1. Additionally, the company exports cotton to countries in the eastern region.

Adinath Textiles Ltd

The Market Cap of Adinath Textiles Ltd is Rs. 18.74 crore. The stock’s monthly return is -3.43%. Its one-year return is 14.26%. The stock is 18.81% away from its 52-week high.

Adinath Textiles Limited, an India-based company, is involved in producing blended acrylic yarn and trading unstitched suitings, shirtings, and dress materials. The company operates within the Textile segment and has a capacity of approximately 4800 spindles.

Best Debt Free Textiles Stocks – FAQs

1. Which are the best Debt-free textile stock?

The Best Debt Free Textiles Stocks #1: Voith Paper Fabrics India Ltd
The Best Debt Free Textiles Stocks #2: Ambika Cotton Mills Ltd
The Best Debt Free Textiles Stocks #3: GHCL Textiles Ltd

These funds are listed based on the Highest AUM.

2. What Are The Top Debt Free Textiles Stocks?

The Top Debt-Free Textile Stocks based on one-year returns are Paras Petrofils Ltd, Tatia Global Venture Ltd, and Bhilwara Spinners Ltd.

3. Can I Invest In Debt Free Textiles Stocks?

, you can invest in debt-free textiles stocks. By conducting research on textile companies listed on stock exchanges, you can identify those with a debt-free status. After opening a brokerage account, you can purchase shares of these companies through your chosen brokerage platform, subject to availability and market conditions.

4. Is It Good To Invest In Debt Free Textiles Stocks?

Investing in debt-free textiles stocks can be beneficial for investors seeking stability and long-term growth. These stocks offer reduced financial risk, strong cash flow, and flexibility for expansion. However, it’s essential to consider individual investment goals and risk tolerance before making investment decisions in this sector.

5. How To Invest In Best Debt Free Textiles Stocks?

To invest in the best debt-free textiles stocks, start by researching textile companies with strong financial health and no debt on their balance sheets. Utilize financial websites, stock screeners, and news sources to identify promising candidates. Once identified, open a brokerage account with a reputable broker and execute buy orders for the selected stocks through your brokerage platform, adhering to your investment strategy.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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