WEAV­ING BET­TER FU­TURE

Arvind BSE Code: 500101 CMP: ₹413.50

Dalal Street Investment Journal - - KERBSIDE -

A tex­tile ma­jor Arvind Ltd is one of the largest man­u­fac­tures of Denim and Wo­ven with an­nual ca­pac­ity of 100 and 132 mn me­ters. Com­pany de­rived 61% rev­enue from tex­tile and 31% from branded ap­par­els in FY17. Re­cently, the com­pany has de­cided to spin off its branded ap­parel and en­gi­neer­ing busi­ness into a sep­a­rate en­tity to con­cen­trate only on core busi­ness of tex­tiles.

The com­pany go­ing for­ward is likely to in­vest nearly ₹1500 crore over 3-4 years to en­hance its tex­tile busi­ness. With this the stock of the com­pany may see some up­side ahead.

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