Monday, Sept 23 2024

KPR Mill's move to becoming an integrated textile player

By A Mystery Man Writer

KPR Mill stock has gone up 57% in the last 3 months but what makes its our what the story candidate is not only the stock price but how the company has transformed from volatile yarn player to profitable garment player & has become India’s largest vertically integrated companies.KPR is transforming itself from a volatile yarn business to a profitable garmenting company.The contribution of garmenting revenues has gone up to 43% in FY2020 from 23% in FY2015. KPR has a strong clientele of 55 top international brands including H&M, TESCO, Decathlon, etc. With a robust balance sheet, good corporate governance and strong growth prospects, KPR is one of the better plays in the textile space.
KPR Mill stock has gone up 57% in the last 3 months but what makes its our what the story candidate is not only the stock price but how the company has transformed from volatile yarn player to profitable garment player & has become India’s largest vertically integrated companies. KPR is transforming itself from a volatile yarn business to a profitable garmenting company. The contribution of garmenting revenues has gone up to 43% in FY2020 from 23% in FY2015. KPR has a strong clientele of 55 top international brands including H&M, TESCO, Decathlon, etc. With a robust balance sheet, good corporate governance and strong growth prospects, KPR is one of the better plays in the textile space.