Latest news with #JWL
Business Standard
16-07-2025
- Automotive
- Business Standard
Jupiter Wagons CFO Sanjiv Keshri resigns
Jupiter Wagons announced that Sanjiv Keshri has tendered his resignation from the position of chief financial officer (CFO) and key managerial personnel of the company due to personal reasons. Sanjiv will be relieved from the services of the company effective close of business on 15 July 2025. The company expresses its appreciation for the services rendered by Sanjiv Keshri and his contributions during his tenure as CFO. The company is in the process of appointing a suitable candidate for the position of CFO & KMP. The same will be communicated to the stock exchanges in due course, in accordance with applicable regulations. Jupiter Wagons (JWL) is a provider of comprehensive mobility solutions, with diverse offerings across freight wagons, locomotives, passenger coach accessories, braking systems, commercial vehicles, ISO marine containers, and products such as couplers, draft gears, bogies, CMS crossings, brake disc, brake system, wheels, axles, wheel sets, electric commercial vehicle (e-LCV) and lithium batteries. The companys consolidated net profit fell 1.8% to Rs 103.26 crore on 6.4% decline in net sales to Rs 1,044.55 crore in Q4 FY25 over Q4 FY24. Shares of Jupiter Wagons rose 0.31% to Rs 370.35 on the BSE.
Mint
15-07-2025
- Business
- Mint
Three textile penny stocks in India to add to your watchlist
Next Story Equitymaster India's textile sector is booming—these penny stocks might offer early entry into that growth story. While largecap and midcap-textile stocks have been leading the rally, lower-priced stocks have also seen buying interest. (Image: Pixabay) Gift this article Textile stocks have been making headlines this week, with several players from the sector seeing strong upward moves. Textile stocks have been making headlines this week, with several players from the sector seeing strong upward moves. As global trade patterns evolve, India is stepping up as a major textile exporter and investors are taking notice. From rising international orders to government support and shifting supply chains away from countries like Bangladesh and China, a lot is going right for the industry. While largecap and midcap-textile stocks have been leading the rally, lower-priced stocks have also seen buying interest. Read on… #1 Trident Trident is a Punjab-based company that produces yarn, towels, bedsheets in its textile segment. It also produces paper and chemicals. It's known for a wide range of products, including bath and bed linen, wheat-straw-based paper, and sulphuric acid, which finds applications in various industries. Its manufacturing facilities are in Barnala and Dhaula in Punjab, and Budhni in Madhya Pradesh. The company's sales and net profit have grown at a 5-year CAGR of 8% and 2%, respectively. Looking ahead, Trident has lined up a ₹ 1000 crore capex plan for FY26, with a focus on sustainability, modernisation, and asset upgrades. Around ₹ 600–650 crore will go into renewable and sustainability projects, while the rest will be used to modernise operations. The company also has big plans on the branding front. It aims to triple its domestic business by 2027, riding on the back of its home textile brand myTrident, which is now venturing into the luxury space with the launch of 'LUXEHOME by myTrident'. On the energy front, Trident is working to transition 60% of its Budhni plant's power needs to renewable sources, with more sustainability upgrades in the pipeline. #2 Jindal Worldwide Jindal Worldwide Ltd (JWL) was established in 1986. It's a prominent Indian textile manufacturer based in Ahmedabad that specialises in denim, premium shirting, and yarn dyeing. It has a manufacturing capacity of 140 m meters of denim annually. The company integrates advanced technology in its production processes. The company operates multiple divisions, which include Jindal Denims and Jindal Fabric, catering to both domestic and international markets. Recently, JWL has diversified into the electric vehicle sector through its subsidiary, Earth Energy. The company's sales and net profit have grown at a 5-year CAGR of 1% and 22%, respectively. Going forward, Jindal Worldwide has said it's planning to scale up its dealership network to 100 by next year. #3 Filatex India The company is engaged in the manufacturing and trading of synthetic yarn and textiles. Specifically, it manufactures polyester and polypropylene multifilament yarn and polyester chips. It's product offerings include a complete range of filament, be it POY, DTY or FDY in semi-dull, bright and colours of different shades, covering a wide range of coarse and fine denier. The company has two manufacturing facilities at Dadra & Nagar Haveli and Dahej, equipped with modern machines from Germany. The company's sales and net profit have grown at a 5-year CAGR of 9% and 2%, respectively. Going forward, the company plans to increase the production of POY, FDY and DTY, the three major yarn types used in the textile industry at Dahej. The expansion, cleared by the board in January 2025, involves a ₹ 1.6 bn investment and is expected to be up and running by June 2026. Also Read | Sobha Ltd eyes big FY26 comeback with launches beyond Bengaluru Conclusion India's textile story is shaping up to be quite strong. According to IBEF, the domestic textiles and apparel market is projected to grow at 10% annually, reaching $350 bn by 2030. Export potential is rising as well, with expectations of hitting $100 bn, supported by 100% FDI under the automatic route. Add to that the surge in online shopping from tier 2 and tier 3 cities, and the demand for stylish, ready-to-wear clothing is only getting stronger. In this backdrop, select textile penny stocks could offer interesting opportunities for long-term investors—especially those with improving fundamentals, expanding capacities, or strong positioning in niche categories. That said, as with all penny stocks, caution is key. Focus on companies with a clear growth strategy, improving financials, and management credibility before taking the plunge. Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions. Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. This article is syndicated from Topics You May Be Interested In Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Business Standard
09-07-2025
- Automotive
- Business Standard
Jindal Mobilitric Unveils EV (Electric Vehicle) With An Impressive 165 Km Range
PNN Ahmedabad (Gujarat) [India], July 9: Jindal Mobilitric, a division of M/s. Jindal Worldwide Limited, as "JWL" (here in M/s. Jindal Mobilitric Private Limited ("the company") is a subsidiary of JWL), has revealed its EV model, which gives a range of 165 km, one of the highest in the industry. The company has submitted its products for homologation and is expecting government approval soon. As soon as the approval comes into place, the company plans to launch its products through the dealer network it has established. The company has 35 dealers and is planning to go up to 100 in the next year. The production facility is ready and will launch the product as soon as the approvals are received by the company. The new EV marks Jindal Worldwide's strategic foray into the fast-evolving electric mobility sector through Jindal Mobilitric. The company has submitted the model for homologation and is currently awaiting the necessary approvals from the authorities. Once cleared, the vehicle will be rolled out through the firm's established dealer network. Currently operating with 35 dealers across India, Jindal Mobilitric aims to scale up to 100 dealerships over the next year. The production facility is fully operational and prepared to launch the model and deliveries as soon as approvals are in place. Commenting on the development, a spokesperson of Jindal Worldwide, said, "Electric mobility is the future of transportation and our foray into EV production is a strategic and significant milestone for us. The research and development of the EV has been done in-house, and we are excited about its launch." Jindal Mobilitric has set up a manufacturing plant with production capacity of 2.5 lakh vehicles per annum at Ahmedabad. It has also set up an in-house fully automated battery manufacturing plant with similar production capacity. The objective of setting-up an in-house battery plant is to ensure highest level of battery safety to ensure greater trust in EV products and contribute to faster adoption of EVs in India. Further updates, including timelines and specifications of the EV, will be made available on the company's official website and social media channels. The company's consolidated net profit rose 42.10% to Rs 25.01 crore on a 52.41% increase in net sales to Rs 630.51 crore in Q2 FY22 over Q2 FY21.
