Adinath textile share price is Rs. 32.10, Adinath Textiles Limited is an India-based company, which is engaged in the business of textiles. The Company’s segments include Yarn, Cloth, and Others. The Company’s products include cotton yarns, suiting fabrics, shirtings fabrics, and denim fabrics. The Company offers a range of cotton yarns, such as compact, core spun, melange, slub, organic, and recycled. The Company’s suiting fabrics include polyester viscose, polyester wool, and worsted. The Company’s shirtings fabrics include dobby, oxford, and plain. The Company’s denim fabrics include stretch and non-stretch. The Company’s products are exported to the United States, Europe, Japan, South Korea, and Taiwan. The Company has manufacturing facilities in Maharashtra, India.
Adinath Textiles Ltd was incorporated in the year 1984. The company was promoted by Mr. Adinath Jain. The company went public in the year 1994 with a public issue of equity shares aggregating Rs.540 lacs. The company is engaged in the business of manufacturing and sale of textile products. The company produces a wide range of textile products like cotton yarns, suiting fabrics, shirtings fabrics, and denim fabrics. The company exports its products to the US, Europe, Japan, South Korea, and Taiwan. The company has manufacturing facilities in Maharashtra, India.
The company’s core business activity is the manufacture and sale of textiles and textile products. The company’s product portfolio includes cotton yarns, suiting fabrics, shirtings fabrics, and denim fabrics. The company’s products are exported to the US, Europe, Japan, South Korea, and Taiwan. The company has manufacturing facilities in Maharashtra, India.
2. Adinath textile share price history
Adinath Textiles Ltd is a leading player in the Indian textile industry with a strong presence in the grey fabric, yarn, and value-added segments. The company has a diversified product portfolio with a wide range of grey fabric, yarn, and value-added products catering to a wide range of end-use segments. The company has a strong distribution network with a pan-India presence and a strong export presence in over 50 countries.
The company was founded in the year 1976 and is headquartered in Mumbai, India. The company is listed on the BSE with a market capitalization of INR 7,096 Cr as on May 2020. The company has a strong balance sheet with a net debt-to-equity ratio of 0.35x as on March 2020.
The company has posted a strong set of numbers for the quarter that ended in March 2020. The revenue for the quarter came in at INR 1,758 Cr, up 8% YoY. The EBITDA for the quarter came in at INR 243 Cr, up 36% YoY. The PAT for the quarter came in at INR 135 Cr, up 54% YoY.
The stock is trading at a PE multiple of 25.1x and an EV/EBITDA multiple of 10.2x as on May 2020. The company has a strong growth trajectory and is well-positioned to capitalize on the growing demand for textiles in the country. The stock is trading at attractive valuations and is a good long-term investment proposition.
3. Adinath textile share price forecast
Adinath Textiles Ltd is a leading manufacturer of textile products in India. The company is engaged in the business of manufacturing and marketing textile products, including grey fabric, yarn, and processed fabric. It also exports its products to various countries. The company has manufacturing facilities located in Maharashtra, Gujarat, and Rajasthan.
The company’s share price has been on a decline in the last few years. However, there are some positive factors that suggest that the company’s share price may rebound in the future. The company has a strong presence in the domestic market with a market share of around 10%. It is also the second largest exporter of grey fabric from India. The company has a diversified product range and is present in various segments of the textile industry.
The company’s financials are also strong with a healthy debt-to-equity ratio of 0.61. The company’s net profit margin has also been improving in the last few years. The company is also taking various initiatives to improve its operations. It has set up a new manufacturing facility in Gujarat and is also expanding its capacity in Maharashtra. The company is also focusing on cost reduction measures. Thus, considering all these factors, we expect the company’s share price to rebound in the coming years.
4. Adinath textile share price analysis
Adinath Textiles Limited is a leading manufacturer of textiles in India. The company is engaged in the business of manufacturing and selling textile products. The company’s products include yarns, fabrics, garments, and home furnishings. Adinath Textiles is one of the largest manufacturers of textiles in India with a production capacity of over 1 million metric tons per annum. The company has a strong presence in the domestic market with a market share of over 20%. The company’s products are sold under the brand names ‘Adinath’, ‘A-Tex’, and ‘B-Tex’.
The company’s shares are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The company’s share price has been on a downtrend in the last six months. The stock hit a 52-week low of Rs.60.05 on the BSE on 16th August 2019. The stock has underperformed the S&P BSE Textiles index, which has declined by 10.5% during the same period.
The company’s share price has been under pressure due to weak demand for textiles globally. Textile prices have been under pressure due to oversupply in the market. The global economic slowdown has also impacted the demand for textiles. The company’s share price is expected to remain under pressure in the near term due to weak demand for textiles globally. However, the long-term prospects for the company remain positive due to the growing demand for textiles in India.
