Top 10 Textile Stocks in India 2024


In India alone, the textile industry generates over $400 billion in revenue and employs over 4.5 million people. This makes it the country’s 2nd largest employer by industry. Regarding textile manufacturing, India has always been a preferred destination. Over the years, the textile industry, as a whole, has contributed a lot to the economic growth of the country. A projected market worth of about $190 billion by 2025 makes textile stocks a must-have in your investment portfolio. Over the years, other countries have also been increasing their demand for exports. Due to its low production costs, India is also attractive to many brands for manufacturing. One of the most popular options among people is to invest in textile stocks in India. This is because, in the long run, textile stocks provide substantial ROI or return on investment. Hence, many people prefer to invest here. Here are some of the top 10 textile stocks in India that you can consider investing in.

Top 10 textile stocks in India in 2024

1. Raymond Ltd

Founded in 1925, Raymond Limited is one of India’s most popular textile brands. Raymond is a historic company in India with strong roots. The company is the largest integrated manufacturer of fabric in the entire world. In terms of stock price, we see that there has been about 142% growth in the past twelve months. Raymond dominates the formal apparel sector with an unassailable market share of more than 60% in the suit segment. In addition to Raymond, the company also owns several other popular brands like Parx, Park Avenue, and Kama Sutra. The share price of Raymond Limited as of March 01, 2023, was Rs. 1,307.15. It is hence one of the best among textile sector stocks.

2. Vardhman Textiles Ltd

Vardhman Textiles Limited is the country’s largest vertically integrated textile manufacturer. Since its incorporation in 1973, the company has grown tremendously without sacrificing sustainability. This firm is mainly known for producing brilliant fabric. It is worth ₹9,968 cr and thus this is a significant amount to reckon with. Even though it has increased by a huge margin of 89.27% over the past three years, its stock price has comparatively decreased by 7.88% in the past year. Vardhman Textiles has 5 distinct business lines: yarns, fabrics, acrylic fibers, garments, and special steels. As of March 01, 2023, the company’s share price was Rs. 310.65.

3. Trident Ltd

Trident Limited is easily one of the top 10 textile stocks in India that you can invest in. Incorporated in 1990, the company supplies yarns, rugs, notebooks, bedding, and bath towels. Trident is one of the best textile stocks under 100 Rs. The firm has gained a substantial base of reputation because of the quality it offers. It is, interestingly, the 3rd largest manufacturer of yarns in India. From yarn to sheeting to power generation, the company has a long list of plans for the future. Therefore, it has an intriguing prospect to reckon with. Collectively, it is worth ₹17,697 crore. Moreover, we find that its profits in 2022 have reached over ₹834 crore. Thus, you can gain from this stock.

4. Garware Technical Fibers Ltd

Incorporated in 1976, Garware Technical Fibers is one of the top textile stocks in India operating in the technical textiles space. The USP of this firm is to make specialized ropes and twines. All of these are made out of synthetic materials. It is worth 7236 crores currently. The company manufactures nets, coated fabrics, polymer ropes, and geosynthetic fibers. The products manufactured by Garware are used by different industries, ranging from aquaculture and shipbuilding. We also find that its profits have steadily increased over the past five years, which means a good potential for growing to sports and agriculture. The company even sells yarns under the brand name ‘Garlon’. We also find that its profits have steadily increased over the past five years, which means a good potential for growth.

5. KPR Mill Ltd

KPR Mill Limited is another vertically integrated textile manufacturer in India. Established in 1984 in Coimbatore, the company quickly grew and established manufacturing facilities in multiple strategic locations. It has a wide range of interests, from garments to fabrics. The firm’s total revenue is 4739 cr in 2022, which is a huge figure to reckon with. It is supposed to witness about 27 percent growth and hence you can gain a lot from it a lot. In addition to yarns, fabric, and garments, KPR Mill Limited is also involved in the production of white crystalline sugar. Considering the increased demand for ethanol, the company expanded into manufacturing the chemical in 2020. The share price of KPR Mill Limited was Rs. 586.10 as of March 01, 2023.

6. Welspun India Ltd

Established in 1985, Welspun India Limited is one of the leading textile manufacturers in India. The company has a strong supply chain, backed up by state-of-the-art design and manufacturing facilities. Welspun India’s textile business can be split into four different segments – retail, flooring, and advanced textiles. Among home furnishings, this is the best brand out there in the nation. The total worth of the company is 9881 crore, which is a considerable sum considering the Indian market. The share price has moved up to 36 percent. Currently, the company has the distinction of being the world’s second-largest producer of terry towels. Welspun India’s share price as of March 01, 2023, was Rs. 68.50.

7. Siyaram Silk Mills Ltd

Established in 1978, Siyaram Silk Mills Limited is a manufacturer of blended fabric and garments. Also known as Siyaram’s, the company has a chain of retail outlets and showrooms across the country. Some of Siyaram Silk Mills’ noteworthy brands include J. Hampstead, Cadini, and Luxemburg. In addition to garment fabrics and yarns, the company manufactures home furnishings as well. The organization is known for producing yarns, textures, articles of clothing, and much more. Over the years, it has gained a tremendous reputation, is hence worth ₹2081 cr and has seen a humongous profit of ₹2 As of March 1, 2023, the company’s share price was Rs. 462.16 crore in the past year. However, the share price has decreased by about 12.71 percent. This has been observed over the past year. As of March 1, 2023, the company’s share price was Rs. 462.

8. Arvind Ltd

Arvind Limited is the best textile company in India, renowned for its premium denim fabrics. With a legacy spanning over 90 years, the company has a strong presence in both domestic and International markets. From cotton shirts to denim and bottom-weight fabrics to much more, Arvind is one of the most recognized brands in India. It has a loyal customer base because it attracts both premium and mass customers. Arvind owns 22 global patents for environmental solutions, and is the largest fire protection fabric producer in the country; He Also manages 15 global apparel brands, including Tommy Hilfiger, US Polo, CK, GAP, Nautica, and Sephora. Their innovative fabrics have been used by leading fashion brands globally. is the online platform that is Owned by Arvind Ltd. The net worth of the company is currently around 3296 crore. It showed 58 percent growth last year. We can see that it will witness huge growth in the long run. Arvind Ltd. is one of the highest dividend-paying stocks among all the textile stocks, and you can generate a passive source of income from dividends.

9. Nitin Spinners Limited

Founded in 1992, Nitin Spinners Limited is a leading manufacturer of cotton yarn, blended yarn, gray knitted fabrics, and printed woven fabrics. The company began with a focus on spinning yarn, which soon became its forte. It embraced cutting-edge technology to enhance its manufacturing capabilities. With integrated manufacturing facilities, the company is currently able to produce 9,000 tons of knitted fabrics per annum and around 30 million meters per annum of printed and finished fabric.
By investing in modern machinery and adopting innovative processes, the company achieved higher production efficiency and product quality. From recycling water to using energy-efficient practices, Nitin Spinners has earned recognition for its sustainable approach. Today, the company emerged as one of India’s largest producers of 100% yarn and fabrics. Nitin Spinners Limited’s share price was Rs. 209.40 as of March 01, 2023.

10. Page Industries Limited

Page Industries Limited is the seventh-largest textile company in India that has redefined the concept of innerwear and established itself as a dominant player. Founded in 1994, this Bangalore-based company has undergone a remarkable journey, revolutionizing the way Indians perceive and wear garments. The company specializes in manufacturing and distributing high-quality innerwear, loungewear, and sportswear in the Indian textile industry. With a strong market presence in domestic and international markets, Page Industries offers a wide range of textile products catering To different age groups and preferences. The company’s focus on quality, innovation, and customer satisfaction has earned it numerous awards Recognition.


Since there are many listed entities in the industry, remember to do proper due diligence before investing in textile stocks in India. Consider factors like These top 10 textile companies in India have not only established themselves as leaders in the domestic market but have also made significant contributions to the international textile industry.

Frequently Asked Questions

What is the purpose of a textile company?

The textile industry is primarily concerned with the design, production, and distribution of textiles: yarn, cloth, and clothing. The raw material may be natural, or synthetic using products of the chemical industry.

Who is the biggest textile manufacturer in India?

In India, there are several textile manufacturers. However, the largest and best is Arvind (Lalbhai)

Which textile stock is best to buy?

Top 10 best textile stocks: Fundamentals Trident Ltd. It is engaged in the manufacturing and trading of yarn, bath, and bed linen, alongside paper and chemicals. ... Sheela Foam Ltd. ... Vardhman Textiles Ltd. ... Raymond Ltd. ... Garware Technical Fibres Ltd. ... Go Fashion (India) Ltd. ... Swan Energy Ltd. …

What is the future of the textile industry in India?

The Indian textile and apparel market size is estimated around $165 Bn in 2022, with the domestic market constituting $125 Bn and exports contributing $40 Bn. The market size of the industry is projected to grow at a 10% CAGR to reach $350 Bn by 2030.

What is the outlook for the textile industry in India in 2024?

Notably, the increased allocation of approximately 27.60% for the Ministry of Textiles for the fiscal year 2024-25 compared to the previous year is indeed a commendable stride forward. This enhanced allocation encompasses various schemes such as PM MITRA Park, NITTM, A-TUFS, ISDS, RoSDEP, and RoSCTL, among others.


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