Multibagger Stocks: Best Performing Textile Stocks In 2021 With Returns Up To 1000%

Adinath Textiles

Adinath Textiles Ltd., founded in 1979, is a Textiles-focused Small Cap business with a market capitalization of Rs 15.43 crore. The company currently has 4800 spindles installed.

The company has invested in cutting-edge machinery from (SAVIO) Italy and NSC (France). Adinath, as a responsible corporate citizen, strictly follows corporate governance standards to guarantee that the company’s resources are used to meet its duties to all stakeholders.

The stock has gained over 1,224.56% returns from January 2021 till August 13, 2021. The stock hit a 52-week high today.

Sportking India

Sportking India Ltd., founded in 1989, is a Textiles-focused Small Cap company with a market capitalization of Rs 1,413.58 crore. In 1993, SIL opened a spinning plant in Village Meharban, Rahon Road, Ludhiana, with a capacity of 6720 spindles for the production of acrylic yarns. Stock returned 2219.68 percent over three years, compared to 33.04 percent for the Nifty Smallcap 100.

The company reported a Standalone Total Income of Rs 451.81 Crore for the quarter ended June 30, 2021. In the most recent quarter, the company generated a net profit after tax of Rs 78.99 crore.

From January 2021 to August 13, 2021, the stock returned over 861 percent.

Raja Bahadur International

The Pittie family, renowned entrepreneurs, founded Raja Bahadur International Limited (RBIL), formerly known as The Raja Bahadur Motilal Poona Mills Ltd., around the end of the 19th century in pre-independent India, and it was incorporated as a Public Limited Company in 1926 for the purpose of manufacturing textile products. It is a small-cap company with a market capitalization of Rs 265.12 crore.

The stock appreciated almost 544 percent from January 2021 to August 13, 2021.

Betex India

Betex India Ltd., founded in 1992, is a Textiles-focused Small Cap business with a market capitalization of Rs 15.71 crore. The company reported a Standalone Total Income of Rs 9.20 Crore for the quarter ended June 30, 2021, down 52.77 percent from the previous quarter’s Total Income of Rs 19.47 Crore but up 860.33 percent from the same period last year’s Total Income of Rs.96 Crore. In the most recent quarter, the company achieved a net profit after tax of Rs.19 crore.

The stock appreciated almost 456 percent from January 2021 to August 13, 2021.

Nahar Spinning

Nahar Spinning Mills Ltd., founded in 1980, is a Small Cap company in the Apparels industry with a market capitalization of Rs 1,488.60 crore. The stock returned 345.73 percent over three years, compared to 33.04 percent for the Nifty Smallcap 100.

The company reported a Standalone Total Income of Rs 739.53 Crore for the quarter ended June 30, 2021, up 1.53 percent from the previous quarter’s Total Income of Rs 728.37 Crore and up 250.48 percent from the previous year’s same quarter Total Income of Rs 211.00 Crore. In the most recent quarter, the company generated a net profit after tax of Rs 100.34 crore.

The stock appreciated almost 462 percent from January 2021 to August 13, 2021.

Best Textile Stocks in 2021

Company	Market Cap (Rs crore)	Price on Aug 13,2021	YTD Returns (%)
Adinath Textiles	10.82	22.65	1224.56%
Sportking India”	1413.58	4468.2	893.37%
Raja Bahadur International Ltd.	265.12	10,074	544.56%
Betex India	16.53	104.70	548.30%
Nahar Spinning Mills Ltd.	1485.17	424	456.07%

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage houses are not liable for any losses caused as a result of decisions based on the article.