The domestic brokerage said during the September quarter of FY23, cotton as well as yarn prices climbed over 60% and 23%, respectively, YoY

F​or information technology and pharma sectors, which are export oriented, a weaker rupee is a positive, but analysts warn that these sectors also face risks of a demand slowdown due to recession concerns in the US. The textile sector is also being seen as a direct beneficiary of a weaker rupee.

KPR Mill Ltd., incorporated in the year 2003, is a Mid Cap company (having a market cap of Rs 18189.63 Crore) operating in Textiles sector.

According to India Ratings and Research (Ind-Ra) report published in December, Sanathan Textiles margin expanded to 17.8% in the first half of FY 2022 owing to higher realisations, lower raw material prices and the managements cost-reduction initiatives.

“Among Indian textile companies, we like Indo Count and KPR Mill.”

KPR Mill Ltd. key Products/Revenue Segments include Yarn, Garments, Fabric, Waste (Cotton), Export Incentives, Sale of services, Other Operating Revenue, Accessories for the year ending 31-Mar-2021.

UTI Asset Management Company, which is tracked by 10 analysts, has seen its consensus target price increasing 54%. Jindal Stainless, Welspun India, KPR Mill, ICICI Securities, Equitas Holdings, Zensar Technologies, Firstsource Solutions, Mphasis, KPIT Technologies, and Persistent Systems have seen target prices rising 32-51%.

The combined revenues from yarn and fabric segments declined to 43 per cent of total sales in FY21 compared with 72 per cent in FY13. During the same period, the share of the garment segment in the top line jumped to 39 per cent in FY21 from 16 per cent in FY13.