Indian Textile Industry has an overwhelming presence in the economic life of the country. Apart from one of the basic necessities of life, it contributes significantly to the industrial output, employment generation and export earnings of the country. During 2013-14, Indian Textiles and Clothing exports increased by 14% over the previous year. It contributes about 14% to the industrial production, 4% to the GDP and 17% to the country’s export earnings. It provides direct employment to over 35 million people.
The textile sector is the second largest provider of employment after agriculture. Thus, the growth and all round development of this industry has a direct bearing on the improvement of the economy of the nation. Arrow textiles formerly known as Arrow Webtex which was de-merged from Delta corp in 2008.
Arrow Textiles Ltd is the leading manufacturer of the specialty textiles in India. Arrow Textiles Limited has been in the business of manufacturing Elastic and Non-Elastic Tapes and Woven and Fabric Printed Labels.The Company has state of the art manufacturing plants at MIDC, Satpur, Nasik The Company manufactures woven labels, fabric printed labels, elastic & non-elastic tapes (also known as garment trims). These products form a part of garment packaging products and are used for apparels and made-ups such as terry towels and home furnishings.The Company remains the preferred choice of many leading Indian brands, both for hosiery & outer wear. The Company has an excellent track record when it comes to ‘intensity of innovation’, with around fifty per cent of they business being based on products developed in the past 3 years. The manufacturing and other core processes are digital. The company was awarded with an ISO 9001 certification from BVQI.
The Company is a now leading manufacturer of specialty textiles in India. Its key products are:
Recommended Arrow at 9 when it was under research, Given a buy at Rs 18-23
The textile sector is the second largest provider of employment after agriculture. Thus, the growth and all round development of this industry has a direct bearing on the improvement of the economy of the nation. Arrow textiles formerly known as Arrow Webtex which was de-merged from Delta corp in 2008.
Arrow Textiles Ltd is the leading manufacturer of the specialty textiles in India. Arrow Textiles Limited has been in the business of manufacturing Elastic and Non-Elastic Tapes and Woven and Fabric Printed Labels.The Company has state of the art manufacturing plants at MIDC, Satpur, Nasik The Company manufactures woven labels, fabric printed labels, elastic & non-elastic tapes (also known as garment trims). These products form a part of garment packaging products and are used for apparels and made-ups such as terry towels and home furnishings.The Company remains the preferred choice of many leading Indian brands, both for hosiery & outer wear. The Company has an excellent track record when it comes to ‘intensity of innovation’, with around fifty per cent of they business being based on products developed in the past 3 years. The manufacturing and other core processes are digital. The company was awarded with an ISO 9001 certification from BVQI.
The Company is a now leading manufacturer of specialty textiles in India. Its key products are:
- Underwear Name Waistband
Elastic.
- Woven inner elastics for
garments.
- Printed woven elastics.
- Woven tapes (non-elastic)
(plain or print).
- Fabric printed labels.
- Woven labels (slit-edge).
- Woven-edge, woven labels.
- Woven-edge substrates for
printing.
- 100% cotton twill tapes, ready-to-dye
Arrow Textiles Key customers are well known names in undergarments sections of textile industry namely :
- Jockey
- VIP brand Hosiery
- AMUL Brand Hosiery
- Colorplus
- Rupa Brand Hosiery
- Indian Terrain
- LUX Brand Hosiery
- Hennes & Mauritz
- Fila
- Cubus
- Turtle
The company markets their products through their depots which are located in Bangalore, Mumbai, Delhi and Tirupur. They also have an agent in Kolkata to cater to demand from the local markets. In addition, they also procure orders through their website for overseas orders and the domestic markets where their depots are not located.
Financials:
Given the growth in user Industry like Page , Rupa, TT, Maxwell, Premco etc, its just a matter of time that Arrow Textile might follow the same trajectory like that of Page .
Recommended Arrow at 9 when it was under research, Given a buy at Rs 18-23
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12 comments:
Dear pranab,
Let me your view for r system & AVT neutral for very long term prospective.
Im positive on stocks ive already recommended in the past.
The promoters of R Systems have issued a buy back at Rs 100.
Dear Pranab,
This company is not paying dividend. Is it not a negative for this stock?
Thanks ,
AGS
There are in a growth stage so there re-investing as much as possible to fuel further growth.
thank you for your prompt reply
Dear pranab,
I would like to know your views on mcnally. company is burdened with debt and nonreceivables.do you see any change in near future .I have purchased at lower level. Should I hold or exit.
Not tracking,
Although it looks decent my only concern seems to be that the debt is so high which will make the working capital turn into very high liabilities.
Hi Pranab,
How about management quality of arrow testles? In what way we can compare it to Kitex and Page? Is it possible to provide valuations?
Regards,
Syam Devendla
Its The same Management / Promoters of Delta corp.
Dear pranab
What's your view on galaxy entertainment ?
Galaxy ent is great for long term but currently its to operator driven. I also own it, lets see how it plays out.
Can we compare Arrow Textiles with Rubfila International ?
Both seem to be in same sector
Rubfila's last 3 years ROE=61%, Profit growth=64%, available at P/E=15
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