There's Reason For Concern Over Trident Limited's (NSE:TRIDENT) Price
Apr 22
Indian (NIFTY) Textiles Industry Analysis
UpdatedApr 25, 2024
DataAggregated Company Financials
Companies206
- 7D2.8%
- 3M4.4%
- 1Y47.9%
- YTDn/a
Over the last 7 days, the Textiles industry has risen 2.9%, driven by gains in Welspun Living and Raymond of 8.7% and 9.8%, respectively. This takes the industry's 12 month performance to a gain of 49%. Looking forward, earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Indian Textiles Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 25 Apr 2024 | ₹1.7t | ₹1.3t | ₹52.0b | 23.6x | 31.9x | 1.2x |
| Sat, 23 Mar 2024 | ₹1.6t | ₹1.3t | ₹51.9b | 21.5x | 30.2x | 1.2x |
| Mon, 19 Feb 2024 | ₹1.6t | ₹1.3t | ₹51.8b | 23.4x | 31.8x | 1.2x |
| Wed, 17 Jan 2024 | ₹1.5t | ₹1.3t | ₹35.3b | 23.3x | 43.7x | 1.1x |
| Fri, 15 Dec 2023 | ₹1.5t | ₹1.3t | ₹35.2b | 21.9x | 41.4x | 1.1x |
| Sun, 12 Nov 2023 | ₹1.4t | ₹1.3t | ₹33.5b | 20.9x | 41.5x | 1x |
| Tue, 10 Oct 2023 | ₹1.3t | ₹1.3t | ₹34.8b | 19.5x | 37.5x | 1x |
| Thu, 07 Sep 2023 | ₹1.4t | ₹1.3t | ₹34.9b | 19.7x | 40x | 1.1x |
| Sat, 05 Aug 2023 | ₹1.2t | ₹1.4t | ₹36.4b | 17.4x | 34x | 0.9x |
| Mon, 03 Jul 2023 | ₹1.2t | ₹1.4t | ₹37.2b | 17.6x | 32.7x | 0.9x |
| Wed, 31 May 2023 | ₹1.1t | ₹1.4t | ₹47.0b | 13.8x | 23.9x | 0.8x |
| Fri, 28 Apr 2023 | ₹1.1t | ₹1.4t | ₹55.3b | 12.1x | 20.3x | 0.8x |
| Sun, 26 Mar 2023 | ₹986.4b | ₹1.4t | ₹55.6b | 11.2x | 17.7x | 0.7x |
| Tue, 21 Feb 2023 | ₹1.1t | ₹1.4t | ₹55.7b | 11.8x | 19.4x | 0.8x |
| Thu, 19 Jan 2023 | ₹1.2t | ₹1.5t | ₹88.3b | 10.7x | 13.3x | 0.8x |
| Sat, 17 Dec 2022 | ₹1.2t | ₹1.5t | ₹89.3b | 11.2x | 13.6x | 0.8x |
| Mon, 14 Nov 2022 | ₹1.2t | ₹1.5t | ₹88.8b | 10.3x | 13.1x | 0.8x |
| Wed, 12 Oct 2022 | ₹1.1t | ₹1.5t | ₹98.1b | 9.6x | 11.5x | 0.8x |
| Fri, 09 Sep 2022 | ₹1.2t | ₹1.5t | ₹98.0b | 9.8x | 11.9x | 0.8x |
| Sun, 07 Aug 2022 | ₹1.1t | ₹1.4t | ₹96.7b | 8.9x | 11.4x | 0.8x |
| Tue, 05 Jul 2022 | ₹1.1t | ₹1.4t | ₹97.3b | 8.6x | 10.8x | 0.8x |
| Thu, 02 Jun 2022 | ₹1.2t | ₹1.3t | ₹116.8b | 8.9x | 10.1x | 0.9x |
| Sat, 30 Apr 2022 | ₹1.4t | ₹1.3t | ₹110.3b | 9.5x | 12.3x | 1.1x |
| Mon, 28 Mar 2022 | ₹1.3t | ₹1.3t | ₹110.3b | 9.5x | 11.7x | 1x |
| Wed, 23 Feb 2022 | ₹1.2t | ₹1.3t | ₹110.3b | 9.4x | 11.3x | 1x |
| Fri, 21 Jan 2022 | ₹1.5t | ₹1.2t | ₹98.2b | 10.8x | 15.4x | 1.3x |
| Sun, 19 Dec 2021 | ₹1.3t | ₹1.2t | ₹97.0b | 8.9x | 13.2x | 1.1x |
| Tue, 16 Nov 2021 | ₹1.1t | ₹1.2t | ₹86.6b | 9.6x | 13.3x | 1x |
| Thu, 14 Oct 2021 | ₹1.2t | ₹1.1t | ₹38.0b | 12.2x | 30.5x | 1.1x |
| Sat, 11 Sep 2021 | ₹998.0b | ₹1.1t | ₹37.2b | 11x | 26.8x | 0.9x |
| Mon, 09 Aug 2021 | ₹1.0t | ₹1.1t | ₹63.9b | 11.4x | 16.1x | 0.9x |
| Sun, 02 May 2021 | ₹661.8b | ₹938.8b | ₹28.0b | 10.5x | 23.6x | 0.7x |
Price to Earnings Ratio
23.6x
Current Industry PE
- Investors are optimistic on the Indian Textiles industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 31.9x which is higher than its 3-year average PE of 21.9x.
- The 3-year average PS ratio of 0.93x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Textiles industry have grown 23% per year over the last three years.
- Revenues for these companies have grown 13% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Indian Textiles compare with similar industries?
| IN Market | 1.80% | |
| Consumer Discretionary | 1.45% | |
| Luxury | 1.38% | |
| Textiles | 2.76% | |
| Footwear | 1.97% | |
| Apparel, Accessories and Luxury Goods | 0.92% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 514162 Welspun Living | ₹159.25 | 8.7% +₹12.4b | 84.6% | PE23.4x | |
| RAYMOND Raymond | ₹2.05k | 9.8% +₹12.2b | 27.5% | PE8.5x | |
| 521016 Indo Count Industries | ₹400.20 | 8.4% +₹6.1b | 200.7% | PE23.3x | |
| TRIDENT Trident | ₹39.90 | 2.3% +₹4.5b | 31.3% | PE47.2x | |
| 500101 Arvind | ₹319.00 | 2.8% +₹2.3b | 224.2% | PE22.1x |