Textile company bags an order in technical textile worth Rs 60.7 crore with Odisha Government
The stock gave multibagger returns of 480 per cent in 3 years and a whopping 1,520 per cent in 5 years.
Mafatlal Industries Limited, a prominent name in the Indian textile industry, has secured a substantial order worth Rs 60.7 crore from the Odisha Government. This significant order, focused on health and hygiene within the technical textiles sector, mandates the supply of sanitary napkins to various government schools and state medical corporations across Odisha. This initiative aims to promote personal hygiene among school-going girls and will be executed over the next three to four quarters.
Mafatlal Industries Ltd, a part of the Arvind Mafatlal Group for over 118 years, is a major player in textile manufacturing in India. It manufactures and trades textiles from its units at Nadiad and Navsari. The company offers a wide range of products including garments, fabrics for men and women, upholstery items, uniforms for schools and corporates, and personal hygiene products. It sells its products under various brands like Mafatlal Healthcare, Coocoo, UNICHOICE, MEDIMEF and Frolica. Mafatlal Industries is also diversifying its product portfolio by entering new sectors such as health & hygiene and digital infrastructure.
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The company has a market cap of over Rs 1,400 crore and has delivered good profit growth of 19.5 per cent CAGR over the last 5 years. The shares of the company have a PE of 13x whereas the industry PE is 25x. The stock gave multibagger returns of 480 per cent in 3 years and a whopping 1,520 per cent in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.