Latest news with #JindalWorldwide
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.
Deccan Herald
09-07-2025
- Automotive
- Deccan Herald
EV maker Jindal Mobilitric plans to expand dealership network to 100 by next year
New Delhi, Ahmedabad-based electric vehicle (EV) maker Jindal Mobilitric on Wednesday said it is planning to scale up its dealership network to 100 by next company, a subsidiary of the textiles manufacturer Jindal Worldwide, has 35 dealers across the Mobilitric has set up a manufacturing plant with a production capacity of 2.5 lakh vehicles per annum in Ahmedabad. It has also set up an in-house battery manufacturing plant with similar production company has unveiled its electric two-wheeler model, which gives a range of 165 km.."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," a company spokesperson objective of setting-up an in-house battery plant is to ensure the highest level of battery safety, ensure greater trust in EV products and contribute to faster adoption of EVs in India, the spokesperson Worldwide is an integrated textile fabrics and shirting manufacturer and one of the world's largest denim fabric manufacturers.
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.
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Business Standard
30-06-2025
- Business
- Business Standard
This Jindal group company's stock zoomed 16% in trade; check details
Jindal Worldwide shares zoomed 16 per cent in trade on Monday, logging an intraday high at ₹64.73 per share on BSE. At 12:50 PM, Jindal Worldwide share price was trading 5.56 per cent higher at ₹58.9 per share on the BSE. In comparison, the BSE Sensex was down 0.35 per cent at 83,766.44. Its 52-week high was at ₹94.19 per share and 52-week low was at ₹54.11 per share. In one year, Jindal Worldwide shares have lost 19 per cent as compared to Sensex's rise of 6 per cent. Why are Jindal Worldwide shares rallying today? The northward movement in the stock came after the board approved sale of 51 per cent of equity share capital invested in its subsidiary company Goodcore Spintex. "The board of directors at their meeting held today, i.e., on Saturday, June 28, 2025, has, inter alia, considered and approved: sale of 51 per cent of equity share capital invested in wholly-owned material subsidiary company – M/s. Goodcore Spintex Private Limited," the filing read. According to filing, the name of the buyer is Yamunadutt Amilal Agarwal, who is the promoter of the company. That apart, in a meeting held on January 7, 2025, the board proposed the issuance of bonus equity shares in a 4:1 ratio, offering four new fully paid-up equity shares of ₹1 each for every existing share held, to eligible equity shareholders as of the record date, funded through the capitalisation of free reserves and/or the securities premium account. About Jindal Worldwide Jindal Worldwide, part of the Ahmedabad-based Jindal Group, is a prominent player in the textiles sector. The company specialises in the manufacturing of denim fabric, premium shirtings, yarn dyeing, bottom weights, and home textiles, through its various divisions, including: a) Jindal Denims Inc., b) Jindal Fabric Inc., c) Jindal Spinning Inc., d) Jindal Creations Inc., and e) Made-Ups Division. With an annual production capacity of 120 million meters of denim fabric, JWL has established itself as a dominant name in the industry.
Business Standard
29-05-2025
- Business
- Business Standard
Jindal Worldwide consolidated net profit declines 21.83% in the March 2025 quarter
Sales rise 5.53% to Rs 605.53 crore Net profit of Jindal Worldwide declined 21.83% to Rs 22.02 crore in the quarter ended March 2025 as against Rs 28.17 crore during the previous quarter ended March 2024. Sales rose 5.53% to Rs 605.53 crore in the quarter ended March 2025 as against Rs 573.79 crore during the previous quarter ended March 2024. For the full year,net profit rose 0.29% to Rs 75.87 crore in the year ended March 2025 as against Rs 75.65 crore during the previous year ended March 2024. Sales rose 26.13% to Rs 2288.07 crore in the year ended March 2025 as against Rs 1814.09 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 605.53573.79 6 2288.071814.09 26 OPM % 8.099.68 - 8.5110.10 - PBDT 37.3047.35 -21 137.99136.01 1 PBT 30.5038.93 -22 103.64102.50 1 NP 22.0228.17 -22 75.8775.65 0
