High Dividend Yield Textile Stocks under Rs.1000

The table below shows the high dividend yield textile stocks under Rs.1000 based on the highest market capitalization.

What are Textile Stocks?

Textile stocks refer to shares of companies involved in the production, processing, and sale of textiles, fabrics, and related products. These companies may specialize in manufacturing raw fibers, spinning yarn, weaving fabrics, or producing finished textile goods. Textile stocks are influenced by factors such as global demand, fashion trends, and raw material costs, making them a vital part of the consumer goods sector.

Best High Dividend Yield Textile Stocks under Rs.1000

The table below shows the best high dividend yield textile stocks under Rs.1000 based on the highest day Volume.

Top High Dividend Yield Textile Stocks under Rs.1000

The table below shows the top high dividend yield textile stocks under Rs.1000 based on the 1-month return.

Who should invest in High Dividend Yield Textile Stocks under Rs.1000?

Investors seeking stable income and long-term growth potential should consider High Dividend Yield Textile Stocks under Rs.1000. These stocks are ideal for those who prefer consistent dividends and have a moderate risk tolerance. They suit income-focused investors looking for affordable entry points in the textile industry while benefiting from the potential for capital appreciation over time.

How to invest in the High Dividend Yield Textile Stocks under Rs.1000?

To invest in High Dividend Yield Textile Stocks under Rs.1000, start by researching top-performing textile companies with strong dividend records. Open a trading account through a platform like Alice Blue. Complete the KYC process, deposit funds, and use the platform to purchase desired stocks at affordable prices.

Performance metrics of High Dividend Yield Textile Stocks under Rs.1000

The performance metrics of High Dividend Yield Textile Stocks under Rs.1000 include dividend yield, which measures the annual dividends paid by a company.

1. Price-to-Earnings Ratio (P/E Ratio): Assesses the stock’s valuation by comparing its current price to its earnings per share. A lower P/E suggests the stock is undervalued, providing a good entry point for investors.

2. Return on Equity (ROE): Indicates how efficiently a company generates profits from shareholders’ equity. A higher ROE reflects strong management and profitable operations, making the stock attractive for long-term investment.

3. Dividend Payout Ratio: Shows the percentage of earnings paid as dividends. A lower ratio suggests the company retains earnings for growth, while a higher ratio indicates a focus on returning profits to shareholders.

4. Debt-to-Equity Ratio: Evaluate the company’s financial leverage by comparing total debt to shareholders’ equity. A lower ratio indicates financial stability, reducing the risk for investors and enhancing the stock’s appeal.

5. Earnings Growth Rate: Measures the company’s annual earnings increase, signaling potential future profitability. A consistent growth rate indicates a robust business model, enhancing the stock’s long-term investment potential.

Benefits of investing in High Dividend Yield Textile Stocks under Rs.1000

The primary benefits of investing in High Dividend Yield Textile Stocks under Rs.1000 include consistent income through dividends.

1. Affordable Entry Point: Stocks priced under Rs.1000 provide an accessible investment option for retail investors, allowing for portfolio diversification and exposure to the textile industry without significant capital outlay.

2. Potential for Capital Appreciation: Alongside dividends, these stocks offer the potential for price appreciation, enabling investors to benefit from both regular income and capital gains over the long term.

3. Industry Growth: The textile industry is essential to global trade, with consistent demand. Investing in these stocks allows investors to tap into the sector’s growth potential, driven by global consumption and trade dynamics.

4. Lower Risk Exposure: High Dividend Yield Textile Stocks under Rs.1000 often represent established companies with stable earnings, reducing the risk of significant losses while providing a steady return on investment.

5. Dividend Reinvestment Opportunity: Investors can reinvest dividends received to purchase additional shares, compounding returns over time and further enhancing the value of their investment in the textile sector.

Challenges of Investing in High Dividend Yield Textile Stocks under Rs.1000

The main challenges of investing in High Dividend Yield Textile Stocks under Rs.1000 include market volatility.

1. Cyclicality of the Textile Industry: The textile industry is subject to economic cycles, with demand fluctuating based on consumer spending. This cyclicality can result in periods of lower dividends and stock price declines.

2. Raw Material Price Volatility: Textile companies are heavily dependent on raw materials like cotton and synthetic fibers. Fluctuations in raw material prices can squeeze profit margins, leading to lower dividends and stock price instability.

3. Global Trade Risks: Textile stocks are exposed to risks from international trade policies, tariffs, and supply chain disruptions. These factors can impact profitability and result in reduced dividend payouts or stock value.

4. Regulatory Challenges: The textile sector faces stringent environmental and labor regulations. Compliance with these regulations can increase operational costs, potentially reducing profitability and affecting the ability to maintain high dividend yields.

5. Competitive Pressure: The textile industry is highly competitive, with companies constantly vying for market share. Increased competition can erode profit margins, leading to reduced dividends and slower stock price growth over time.

Introduction to High Dividend Yield Textile Stocks under Rs.1000

KPR Mill Ltd

The Market Cap of KPR Mill Ltd is Rs. 29,855.74 crore. The stock’s monthly return is 5.59%. Its one-year return is 23.31%. The stock is 16.39% away from its 52-week high.

K.P.R. Mill Limited is a company that is involved in the production of apparel through a vertically integrated approach. The company manufactures and sells various products such as yarn, knitted fabric, readymade garments, and wind power. 

It operates in segments including Textile, Sugar, and Others. The range of products offered by the company includes different types of yarn such as compact, combed, carded, melange, polyester cotton, viscose, and grindel yarn. Additionally, the company specializes in unique yarn varieties like color melange, slub yarn, injection slub, and others.  

Trident Ltd

The Market Cap of Trident Ltd is Rs. 18,754.89 crore. The stock’s monthly return is 0.89%. Its one-year return is 6.22%. The stock is 39.50% away from its 52-week high.

Trident Limited is an Indian company that is involved in the production, trade, and sale of textiles (yarn, terry towels, and bedsheets) as well as paper and chemicals. The company operates through two divisions: Textiles and Paper and Chemical. 

The Textiles division encompasses the manufacturing of yarn, towels, bedsheets, and dyed yarn, along with utility services. The Paper and Chemical division includes products such as paper and sulfuric acid, along with utility services.  

Vardhman Textiles Ltd

The Market Cap of Vardhman Textiles Ltd amounts to Rs. 14,077.03 crore. The stock’s monthly return stands at -6.72%, while its one-year return is 31.26%. Currently, the stock is 22.39% away from its 52-week high.

Vardhman Textiles Limited, headquartered in India, is a vertically integrated textile manufacturer engaged in the production, purchase, and sale of textiles. The company manufactures cotton yarn, synthetic yarn, and woven fabric, and offers a variety of products such as yarns, fabrics, acrylic fiber, garments, collections, and special steel.

Its yarn range includes specialty yarns, acrylic, fancy and hand-knit yarns, dyed yarns, and grey yarns, while its fabric collection comprises tops, bottoms, outerwear for men and women, solid, yarn-dyed, print, dobies, and various performance finishes.  

Indo Count Industries Ltd

The Market Cap of Indo Count Industries Ltd is Rs. 7,686.49 crores. The stock’s monthly return is 3.81%. Its one-year return is 59.09%. The stock is 16.88% away from its 52-week high.

Indo Count Industries Limited is an Indian company specializing in home textile bed linens. The company manufactures and exports a variety of products including bed sheets, bed linen, and quilts.

It offers a diverse range of items such as fashion bedding, utility bedding, institutional bedding, and more. Indo Count Industries Limited markets its branded products through various channels, both online and offline. Some of its popular in-house brands include Boutique Living, Haven, Revival, and Pure Collection.  

PDS Limited

The Market Cap of PDS Limited is Rs. 7,635.30 crore. The stock’s monthly return is 14.94%. Its one-year return is 80.76%. The stock is 14.44% away from its 52-week high.

PDS Limited, headquartered in India, is a global fashion organization that specializes in offering a range of services such as product development, sourcing, manufacturing, and distribution for various brands and retailers worldwide. 

The company is involved in activities including garment trading, investment holding, design, marketing, sourcing, and distribution of ready-to-wear clothing and other consumer goods globally. In addition, it is involved in real estate activities such as holding, owning, leasing, or licensing properties.  PDS Limited operates in segments including sourcing, manufacturing, and other related services.  

Bombay Dyeing and Mfg Co Ltd

The Market Cap of Bombay Dyeing and Mfg Co Ltd is Rs. 4453.10 crore. The stock’s monthly return is 6.50%. Its one-year return is 58.91%. The stock is 11.02% away from its 52-week high.

The Bombay Dyeing and Manufacturing Company Limited, based in India, is involved in real estate development, polyester staple fiber production, and retail operations. The company operates in three segments: Real Estate, Polyester, and Retail/Textile. 

It manufactures 100% virgin polyester staple fiber (PSF) and textile-grade polyethylene terephthalate (PET) chips. The company’s main focus is on building construction through its real estate division. It has three divisions that run its operations: Retail Division, PSF Division, and Bombay Realty (BR) Division.  

Nitin Spinners Ltd

The Market Cap of Nitin Spinners Ltd is Rs. 2,393.29 crore. The stock’s monthly return is 1.04%. Its one-year return is 69.84%. The stock is 10.12% away from its 52-week high.

Nitin Spinners Limited, headquartered in India, operates in the textile industry. The company specializes in manufacturing cotton yarn, knitted fabrics, and finished woven fabrics. Their yarn collection ranges from cotton ring spun carded yarns in a variety of counts to poly/cotton blended ring spun yarns and core spun yarns. 

In terms of knitted fabrics, they offer a range including single jersey, lycra blended fabrics and pique structures. Their finished and printed fabrics include various options such as cotton spandex, poly/cotton, dyed finishes, and a variety of special finishes like Teflon and wrinkle-free.

Siyaram Silk Mills Ltd

The Market Cap of Siyaram Silk Mills Ltd is Rs. 2,207.03 crore. The stock’s monthly return is -0.51%. Its one-year return is -8.79%. The stock is 30.06% away from its 52-week high.

Siyaram Silk Mills Limited is an Indian textile company involved in the manufacturing, branding, and marketing of fabrics, readymade garments, and indigo-dyed yarn. The company’s diverse operations encompass fabrics, apparel, exports, home furnishing, institutional products, yarns, and retail.

Its product range features various fabrics such as polyester viscose, polyester viscose blend, polyester viscose lycra, and others. Additionally, the company offers a selection of indigo products like cotton indigo-dyed yarn, cotton-poly blended indigo-dyed yarn, and viscose indigo-dyed yarn.  

Filatex India Ltd

The Market Cap of Filatex India Ltd is Rs. 1692.30 crore. The stock’s monthly return is 4.36%. Its one-year return is 50.17%. The stock is 33.70% away from its 52-week high.

Filatex India Limited, an India-based company, is involved in the production and trade of synthetic yarn and textiles. The company manufactures polyester and polypropylene multifilament yarn, as well as polyester chips. 

In addition, the company specializes in products such as filigree, ocean, chubby yarn, and Flexi FIL. Its POY range includes semi-dull, black dope dyed, bright, FDY bright, and FDY colored options. Clients can choose from various textured yarn options, including set, intermingled, crimped, and interlaced types with a semi-dull finish.

Century Enka Ltd

The Market Cap of Century Enka Ltd is Rs. 1680.64 crore. The stock’s monthly return is 38.84%. Its one-year return is 95.64%. The stock is 5.3% away from its 52-week high.

Century Enka Limited is involved in the production and distribution of synthetic yarn and associated products. The company offers nylon filament yarn, a lengthy, shiny fiber used in the manufacturing of various textile products such as sarees, drapes, furnishings, sportswear, mosquito nets, and embroidery.

It supplies quality nylon tire cord fabrics for tire reinforcement in motorcycles, scooters, light commercial vehicles (LMVs), heavy commercial vehicles (HCVs), and off-the-road (OTR) vehicles.  

Top High Dividend Yield Textile Stocks under Rs.1000 – FAQs

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.