Introduction:
Return on Equity (ROE):
ROE measures a company’s profitability relative to shareholders’ equity, indicating how efficiently management uses invested funds to generate profits. A higher ROE reflects strong financial performance, making it a crucial metric for investors seeking profitable and well-managed companies.
Return on Capital Employed (ROCE):
ROCE evaluates a company’s ability to generate profits from its total capital, including debt and equity. It highlights operational efficiency and long-term profitability, helping investors compare performance across companies, particularly in capital-intensive industries, and assess their ability to generate value from investments.
In 2024, the textile sector witnessed variable performance, shaped by global economic conditions and evolving consumer trends. These factors notably influenced market dynamics, driving changes in pricing, demand, and stock valuations within the industry.
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Page Industries Ltd:
On December 20, 2024, Page Industries Ltd. opened at ₹49,213.00, up 0.01% from its previous close of ₹49,212.35. The stock reached a high of ₹49,602.00 (0.79%) and a low of ₹48,663.35. By 4:00 PM, it traded at ₹48,701.80, a 1.04% decrease, with a market cap of ₹54,321.37 crore.
Page Industries Ltd leads in efficiency with a Return on Capital Employed (ROCE) of 45.0% and a Return on Equity (ROE) of 38.4%, reflecting superior profitability and investment returns in the textile sector for 2024.
Page Industries Ltd, renowned for manufacturing and distributing Jockey products, excels in the Indian textile market. Established in 1994, it has become synonymous with quality undergarments and leisurewear, offering innovative and comfortable products through extensive retail and online channels.
Timex Group India Ltd:
On December 20, 2024, Timex Group India Ltd. opened at ₹217.95, up 2.0% from its previous close of ₹213.70. The stock reached a high of ₹217.95 (2.0%) and a low of ₹203.00. By 3:40 PM, it traded at ₹204.40, a 4.35% decrease, with a market cap of ₹2,063.42 crore.
Timex Group India Ltd showcases strong financial health with a ROCE of 33.4% and an ROE of 29.19%, indicating efficient capital management and robust equity returns among textile companies in 2024.
Timex Group India Ltd, part of the global Timex Group, is known for its diverse range of watches and accessories. Operating in India since 1988, it has expanded its portfolio to include luxury, sports, and everyday watches, catering to a wide consumer base with its durable and fashionable products.
Titan Company Ltd:
On December 20, 2024, Titan Company Limited opened at ₹3,360.60, up 0.16% from its previous close of ₹3,355.20. The stock reached a high of ₹3,419.30 (1.91%) and a low of ₹3,334.15. By 3:43 PM, it traded at ₹3,357.65, a 0.07% increase, with a market cap of ₹2,98,087.52 crore.
Titan Company Ltd demonstrates solid financial performance with a ROCE of 22.7% and an impressive ROE of 32.9%, marking it as a key player in the textile industry with effective use of capital and equity in 2024.
Titan Company Ltd, a Tata Group business, is a giant in Indian retail, dealing primarily in watches, jewellery, and eyewear. Established in 1984, Titan is celebrated for transforming the Indian watch and jewellery market with brands like Tanishq, Titan Eyeplus, and Fastrack.
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.
