Seize the Opportunity: India’s Textile Surge Now Open for Investors

India's textile sector is diverse and consists of hand-spun and hand-woven sectors, as well as capital-intensive mills.

On a YTD basis, the stock delivered multibagger returns of 436.7 per cent while the BSE Sensex gained only 3.15 per cent. Investors should keep a close eye on this textile stock.

The PE multiple of the stock is just 2.12 whereas the industry PE multiple is 10 and an ROE of 308 per cent.

It operates in 70 countries and about 42 per cent of the company's revenue as of FY22 comes from international markets.

MSME sector has been a key contributor to the country’s GDP. Even during the pandemic times, it showed tremendous resilience, helping the economy recover faster from the lockdown market dip. One of the key sectors that have outshone others and registered tremendous growth is the textile & apparel (T&A) MSMEs.