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

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. 

India has always been known for its delicate fabrics, beautiful designs, and traditional textiles. The Indian textile & apparel industry is flourishing and the industry’s growth rate has increased multi-fold in the past few years. In fact, it is one of the few industries that recovered faster and recorded remarkable growth even during the pandemic. Textile exports alone were worth US$ 1.19 billion as of December 2020.