Is the Textiles - Readymade Apparel sector outperforming NIFTY 500?
The 52-week sector comparison is unavailable. 8 of 26 covered companies currently have positive Mansfield relative strength versus NIFTY 500.
20-quarter listed-company comparison
Textiles - Readymade Apparel Stocks in India
Textiles - Readymade Apparel: Trent Ltd owns the largest revenue base; V2 Retail Ltd has the fastest current growth.
Nifty Textiles - Readymade Apparel Index — Constituents & Performance
The Textiles - Readymade Apparel companies below are the listed Indian Textiles - Readymade Apparel universe this page tracks — the same constituent set people search for as the Nifty Textiles - Readymade Apparel index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.
The sector itself · before any single company
How has Textiles - Readymade Apparel moved against NIFTY 500?
The line below covers 5.1 years. Over the most recent two of them this sector is 1% behind NIFTY 500. Earnings across its companies grew 17% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 11 weeks running.
FADING · −5 in 4w~Moving with the index9 of 24 companies ahead of NIFTY 500 by 5% or more over three months3 are 20% or more behind over a year while earnings grew 20% or more
RS ↑11w · 10/24 >200d (+0) · 9/24 lead (−5) · EPS 14/22↑
Textiles - Readymade Apparel, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Strength anatomy
MixedHow much of the sector is participating, how recently, and whether the movers score well.
Together9 of 24 stocks moving
Fresh1 crossed in the last 4 weeks
Backed by scoresmovers score +2 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large
1/5−2
Mid
3/9−2
Small
5/10−1
Participation is not spreading downward this month; the larger companies are still carrying most of it.
Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 24 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
Sector relative strength · before individual stocks
Is Textiles - Readymade Apparel outperforming NIFTY 500?
The 52-week comparison of Textiles - Readymade Apparel against NIFTY 500 is not available from the current market series. 8 of 26 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. SBC Exports Ltd is the strongest against the sector itself at +44.7%. Readings are as of 2026-07-19.
—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
8/26Stocks leading NIFTY 500
11/25Stocks leading sector
Sector metric: 21.2 as of 2026-07-19 · CONSOLIDATION · falling.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
The 52-week sector comparison is unavailable. 8 of 26 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Trent Ltd leads with revenue of ₹20,074 crore, based on 25 of 26 comparable companies through Mar 2026. V2 Retail Ltd has the fastest current revenue growth at 62.7%, across 25 of 26 comparable companies.
Which Textiles - Readymade Apparel company is largest by revenue?
Trent Ltd leads with revenue of ₹20,074 crore, based on 25 of 26 comparable companies through Mar 2026.
Which Textiles - Readymade Apparel company is growing fastest?
V2 Retail Ltd has the fastest current revenue growth at 62.7%, across 25 of 26 comparable companies.
Which Textiles - Readymade Apparel company has the strongest 4-Factor Sector Score?
Kewal Kiran Clothing Ltd ranks first at 67.2/100 with 95.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Textiles - Readymade Apparel company reports the most CAPEX?
Gokaldas Exports Ltd reports the largest latest CAPEX at ₹581 crore, with 7 of 26 companies comparable.
Which Textiles - Readymade Apparel company has the least gross debt?
Thomas Scott India Ltd has the lowest comparable gross debt at ₹27 crore. Aditya Birla Fashion & Retail Ltd has the highest at ₹6,189 crore.
Which Textiles - Readymade Apparel company has the lowest comparable PEG?
Kewal Kiran Clothing Ltd has the lowest comparable Guarded PEG at 0.59, among 9 of 26 companies that pass the metric’s comparability rules.
How much history does this Textiles - Readymade Apparel comparison include?
The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Companies
26
complete canonical membership
Combined market value
₹3.0 L Cr
Trent Ltd
Revenue growing
22/25
positive TTM year-on-year growth
Beating NIFTY 500
8/26
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Kewal Kiran Clothing Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 95.6% evidence confidence.
Sai Silks (Kalamandir) Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Iris Clothings Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.
1. Kewal Kiran Clothing Ltd · KKCL
67.2/100 · Favorable setup · 96% evidence
Exact sum: 19.8 + 19.8 + 16.4 + 11.2 = 67.2
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19.8/35Growth & earnings
Revenue 21.1% · PAT 2% · OPM change 1 pp
88% evidence
19.8/25Capital efficiency
ROCE 18.1% · debt/equity 0.14×
100% evidence
16.4/20Valuation
P/E 21.8× · PEG 0.59
100% evidence
11.2/20Relative strength
RS sector 1.2% · RS bench -1.1% · 1Y -10.9%
100% evidence
2. Cantabil Retail India Ltd · CANTABIL
67.0/100 · Favorable setup · 77% evidence
Exact sum: 23.6 + 16.7 + 12.7 + 14 = 67
Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
23.6/35Growth & earnings
Revenue 18% · PAT 28% · OPM change 4 pp
83% evidence
16.7/25Capital efficiency
ROCE 19.1% · debt/equity 1.14×
95% evidence
12.7/20Valuation
P/E 21× · PEG —
50% evidence
14.0/20Relative strength
RS sector 10.1% · RS bench -0.5% · 1Y -9.9%
70% evidence
3. V2 Retail Ltd · V2RETAIL
64.2/100 · Mixed-positive evidence · 76% evidence
Exact sum: 28 + 13.3 + 9.4 + 13.5 = 64.2
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
28.0/35Growth & earnings
Revenue 62.7% · PAT 100% · OPM change 2 pp
83% evidence
13.3/25Capital efficiency
ROCE 19.3% · debt/equity 1.1×
95% evidence
9.4/20Valuation
P/E 56× · PEG —
15% evidence
13.5/20Relative strength
RS sector 6.6% · RS bench 4.5% · 1Y 17.4%
100% evidence
4. Iris Clothings Ltd · IRISDOREME
58.8/100 · Mixed-positive evidence · 83% evidence
Exact sum: 15.8 + 15.7 + 7.7 + 19.6 = 58.8
Decision use: Price leads the evidence: RS versus the benchmark is 34.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
15.8/35Growth & earnings
Revenue 30.5% · PAT 23.5% · OPM change -2.3 pp
83% evidence
15.7/25Capital efficiency
ROCE 16% · debt/equity 0.24×
95% evidence
7.7/20Valuation
P/E 56.2× · PEG —
50% evidence
19.6/20Relative strength
RS sector 37% · RS bench 34.3% · 1Y 49.5%
100% evidence
5. Pearl Global Industries Ltd · PGIL
58.4/100 · Mixed-positive evidence · 79% evidence
Exact sum: 16.1 + 15.9 + 7.5 + 18.9 = 58.4
Decision use: Price leads the evidence: RS versus the benchmark is 30.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
16.1/35Growth & earnings
Revenue 11.5% · PAT 17.3% · OPM change 0 pp
83% evidence
15.9/25Capital efficiency
ROCE 19.9% · debt/equity 0.65×
80% evidence
7.5/20Valuation
P/E 33.2× · PEG —
50% evidence
18.9/20Relative strength
RS sector 33% · RS bench 30.7% · 1Y 30.4%
100% evidence
6. S P Apparels Ltd · SPAL
58.1/100 · Mixed-positive evidence · 96% evidence
Exact sum: 15.1 + 13.3 + 11.5 + 18.2 = 58.1
Decision use: Price leads the evidence: RS versus the benchmark is 27.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
15.1/35Growth & earnings
Revenue 13.2% · PAT 8.5% · OPM change -2 pp
88% evidence
13.3/25Capital efficiency
ROCE 14% · debt/equity 0.44×
100% evidence
11.5/20Valuation
P/E 25× · PEG 0.69
100% evidence
18.2/20Relative strength
RS sector 29.9% · RS bench 27.2% · 1Y 22.9%
100% evidence
7. V-Mart Retail Ltd · VMART
57.6/100 · Mixed-positive evidence · 90% evidence
Exact sum: 25.3 + 7.8 + 7.3 + 17.2 = 57.6
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
25.3/35Growth & earnings
Revenue 19.1% · PAT 100% · OPM change 1 pp
95% evidence
7.8/25Capital efficiency
ROCE 13.2% · debt/equity 1.01×
95% evidence
7.3/20Valuation
P/E 41.6× · PEG 2.5
65% evidence
17.2/20Relative strength
RS sector 8.6% · RS bench 5.6% · 1Y -5.2%
100% evidence
8. SBC Exports Ltd · SBC
57.2/100 · Mixed-positive evidence · 83% evidence
Exact sum: 26.4 + 8.8 + 6.7 + 15.3 = 57.2
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
26.4/35Growth & earnings
Revenue 34.4% · PAT 86.6% · OPM change -0.6 pp
83% evidence
8.8/25Capital efficiency
ROCE 18.2% · debt/equity 2.8×
95% evidence
6.7/20Valuation
P/E 79.3× · PEG —
50% evidence
15.3/20Relative strength
RS sector 44.7% · RS bench 43.2% · 1Y 154.6%
100% evidence
9. Monte Carlo Fashions Ltd · MONTECARLO
56.3/100 · Mixed-positive evidence · 69% evidence
Exact sum: 22.6 + 10.2 + 13.9 + 9.6 = 56.3
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
22.6/35Growth & earnings
Revenue 15.9% · PAT 38.1% · OPM change 6.5 pp
62% evidence
10.2/25Capital efficiency
ROCE 14% · debt/equity 0.64×
95% evidence
13.9/20Valuation
P/E 9.9× · PEG —
50% evidence
9.6/20Relative strength
RS sector 0% · RS bench -12% · 1Y -10.7%
70% evidence
10. Vishal Mega Mart Ltd · VMM
52.9/100 · Mixed-positive evidence · 84% evidence
Exact sum: 24 + 13.8 + 4.6 + 10.5 = 52.9
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
24.0/35Growth & earnings
Revenue 19.8% · PAT 29.6% · OPM change 0 pp
95% evidence
13.8/25Capital efficiency
ROCE 14.8% · debt/equity 0.27×
95% evidence
4.6/20Valuation
P/E 56.7× · PEG 5.39
65% evidence
10.5/20Relative strength
RS sector 2.7% · RS bench -15.7% · 1Y -20.1%
70% evidence
11. Trent Ltd · TRENT
52.7/100 · Mixed-positive evidence · 89% evidence
Exact sum: 22.9 + 19.1 + 3.7 + 7 = 52.7
Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -27.8% and the one-year return is -47.1%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
22.9/35Growth & earnings
Revenue 17.1% · PAT 12.1% · OPM change 3 pp
88% evidence
19.1/25Capital efficiency
ROCE 28.3% · debt/equity 0.37×
100% evidence
3.7/20Valuation
P/E 89.3× · PEG 6.56
65% evidence
7.0/20Relative strength
RS sector -27.8% · RS bench -4.1% · 1Y -47.1%
100% evidence
12. Arvind Fashions Ltd · ARVINDFASN
52.4/100 · Mixed-positive evidence · 93% evidence
Exact sum: 23.8 + 11.7 + 8.9 + 8 = 52.4
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23.8/35Growth & earnings
Revenue 14% · PAT 100% · OPM change 0 pp
100% evidence
11.7/25Capital efficiency
ROCE 18.9% · debt/equity 1.15×
100% evidence
8.9/20Valuation
P/E 47.2× · PEG 1.95
65% evidence
8.0/20Relative strength
RS sector -1.9% · RS bench -4.3% · 1Y -5.5%
100% evidence
13. Thomas Scott India Ltd · THOMASCOTT
51.7/100 · Thin evidence · provisional · 54% evidence
Exact sum: 18.3 + 16 + 10.9 + 6.5 = 51.7
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
18.3/35Growth & earnings
Revenue 61.5% · PAT 54.4% · OPM change -0.4 pp
53% evidence
16.0/25Capital efficiency
ROCE 20.4% · debt/equity 0.21×
71% evidence
10.9/20Valuation
P/E 21× · PEG —
15% evidence
6.5/20Relative strength
RS sector -5.2% · RS bench -17.3% · 1Y -26.5%
70% evidence
14. Bella Casa Fashion & Retail Ltd · BELLACASA
50.7/100 · Mixed-positive evidence · 61% evidence
Exact sum: 22.5 + 13.1 + 11.2 + 3.9 = 50.7
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
22.5/35Growth & earnings
Revenue 21.8% · PAT 37% · OPM change -0.3 pp
53% evidence
13.1/25Capital efficiency
ROCE 17.2% · debt/equity 0.5×
71% evidence
11.2/20Valuation
P/E 16.6× · PEG —
50% evidence
3.9/20Relative strength
RS sector -20.8% · RS bench -31.3% · 1Y -41.5%
70% evidence
15. Credo Brands Marketing Ltd · MUFTI
50.1/100 · Mixed-positive evidence · 63% evidence
Exact sum: 13.7 + 16.3 + 12.6 + 7.5 = 50.1
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13.7/35Growth & earnings
Revenue 0% · PAT -3.4% · OPM change -2 pp
45% evidence
16.3/25Capital efficiency
ROCE 19.1% · debt/equity 0.58×
71% evidence
12.6/20Valuation
P/E 7.8× · PEG —
50% evidence
7.5/20Relative strength
RS sector -11.8% · RS bench -14.4% · 1Y -49.8%
100% evidence
16. Aditya Birla Lifestyle Brands Ltd · ABLBL
49.3/100 · Mixed-negative evidence · 74% evidence
Exact sum: 18.7 + 11 + 11.4 + 8.2 = 49.3
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18.7/35Growth & earnings
Revenue 7.2% · PAT 100% · OPM change 0 pp
88% evidence
11.0/25Capital efficiency
ROCE 14.7% · debt/equity 2.14×
100% evidence
11.4/20Valuation
P/E 54.9× · PEG 1.39
65% evidence
8.2/20Relative strength
RS sector — · RS bench -19.7% · 1Y -38.8%
25% evidence
17. Sai Silks (Kalamandir) Ltd · KALAMANDIR
48.9/100 · Mixed-negative evidence · 81% evidence
Exact sum: 13.5 + 16.5 + 14.7 + 4.2 = 48.9
Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
13.5/35Growth & earnings
Revenue 4.8% · PAT 20.2% · OPM change -1 pp
95% evidence
16.5/25Capital efficiency
ROCE 14.4% · debt/equity 0.29×
95% evidence
14.7/20Valuation
P/E 9.9× · PEG —
50% evidence
4.2/20Relative strength
RS sector -16.9% · RS bench -32.8% · 1Y -45.1%
70% evidence
18. Vedant Fashions Ltd · MANYAVAR
48.0/100 · Mixed-negative evidence · 90% evidence
Exact sum: 10 + 19.8 + 14.7 + 3.5 = 48
Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
10.0/35Growth & earnings
Revenue 2.4% · PAT 0.8% · OPM change -0.7 pp
88% evidence
19.8/25Capital efficiency
ROCE 30.7% · debt/equity 0.23×
100% evidence
14.7/20Valuation
P/E 24.3× · PEG 1.61
100% evidence
3.5/20Relative strength
RS sector -32% · RS bench -26.7% · 1Y -50.1%
70% evidence
19. Raymond Lifestyle Ltd · RAYMONDLSL
45.7/100 · Mixed-negative evidence · 65% evidence
Exact sum: 20.3 + 10 + 9.9 + 5.5 = 45.7
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20.3/35Growth & earnings
Revenue 11.5% · PAT 21.1% · OPM change 6 pp
65% evidence
10.0/25Capital efficiency
ROCE 3.5% · debt/equity 0.23×
100% evidence
9.9/20Valuation
P/E 39.6× · PEG —
15% evidence
5.5/20Relative strength
RS sector -8.1% · RS bench -26.1% · 1Y -39.4%
70% evidence
20. Lux Industries Ltd · LUXIND
41.7/100 · Mixed-negative evidence · 79% evidence
Exact sum: 10.2 + 10.4 + 9 + 12.1 = 41.7
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10.2/35Growth & earnings
Revenue 13.4% · PAT -35.8% · OPM change -2 pp
83% evidence
10.4/25Capital efficiency
ROCE 8.1% · debt/equity 0.34×
80% evidence
9.0/20Valuation
P/E 34× · PEG —
50% evidence
12.1/20Relative strength
RS sector 7.8% · RS bench 5.1% · 1Y -12.6%
100% evidence
21. Baazar Style Retail Ltd · STYLEBAAZA
36.2/100 · Mixed-negative evidence · 71% evidence
Exact sum: 18.2 + 5 + 8.6 + 4.4 = 36.2
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18.2/35Growth & earnings
Revenue 37% · PAT 100% · OPM change -2 pp
65% evidence
5.0/25Capital efficiency
ROCE 7.4% · debt/equity 2.21×
100% evidence
8.6/20Valuation
P/E 97× · PEG —
15% evidence
4.4/20Relative strength
RS sector -5% · RS bench -7% · 1Y 6.5%
100% evidence
22. Go Fashion (India) Ltd · GOCOLORS
34.4/100 · Adverse evidence · 77% evidence
Exact sum: 6.5 + 12.1 + 12.4 + 3.4 = 34.4
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6.5/35Growth & earnings
Revenue -1.2% · PAT -36.7% · OPM change -5.2 pp
83% evidence
12.1/25Capital efficiency
ROCE 10.6% · debt/equity 0.77×
95% evidence
12.4/20Valuation
P/E 28.8× · PEG —
50% evidence
3.4/20Relative strength
RS sector -47.6% · RS bench -26.3% · 1Y -60.7%
70% evidence
23. Aditya Birla Fashion & Retail Ltd · ABFRL
30.0/100 · Adverse evidence · 62% evidence
Exact sum: 12.4 + 5.2 + 10 + 2.4 = 30
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12.4/35Growth & earnings
Revenue 11.2% · PAT -80% · OPM change -3 pp
62% evidence
5.2/25Capital efficiency
ROCE -3.1% · debt/equity 1.06×
80% evidence
10.0/20Valuation
P/E — · PEG —
0% evidence
2.4/20Relative strength
RS sector -17.4% · RS bench -19.6% · 1Y -23.4%
100% evidence
24. Gokaldas Exports Ltd · GOKEX
29.4/100 · Adverse evidence · 90% evidence
Exact sum: 8.4 + 9.4 + 1.9 + 9.7 = 29.4
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8.4/35Growth & earnings
Revenue 3.2% · PAT -36.7% · OPM change -1 pp
88% evidence
9.4/25Capital efficiency
ROCE 8.4% · debt/equity 0.59×
100% evidence
1.9/20Valuation
P/E 60.8× · PEG 4.98
100% evidence
9.7/20Relative strength
RS sector -6.8% · RS bench 9.5% · 1Y -11.5%
70% evidence
25. Kitex Garments Ltd · KITEX
22.9/100 · Adverse evidence · 66% evidence
Exact sum: 3.9 + 4.9 + 8.5 + 5.6 = 22.9
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3.9/35Growth & earnings
Revenue -32.1% · PAT -80% · OPM change -16 pp
83% evidence
4.9/25Capital efficiency
ROCE 1.5% · debt/equity 1.16×
80% evidence
8.5/20Valuation
P/E 293× · PEG —
15% evidence
5.6/20Relative strength
RS sector -9.2% · RS bench -17.7% · 1Y -46.1%
70% evidence
26. Karnika Industries Ltd · KARNIKA
57.0/100 · Thin evidence · provisional · 48% evidence
Exact sum: 20.3 + 18.1 + 10.4 + 8.2 = 57
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
20.3/35Growth & earnings
Revenue — · PAT — · OPM change 2.3 pp
19% evidence
18.1/25Capital efficiency
ROCE 51.2% · debt/equity 0.79×
95% evidence
10.4/20Valuation
P/E 25× · PEG —
15% evidence
8.2/20Relative strength
RS sector -2.4% · RS bench -13.7% · 1Y -14.5%
70% evidence
01 · compare level, then change
Revenue Scale & Growth Durability
Trent Ltd has the highest Revenue among the 26 Textiles - Readymade Apparel companies compared here, at ₹20,074 crore. Vishal Mega Mart Ltd is next at ₹13,492 crore. V2 Retail Ltd has the highest Revenue growth at 62.7%, so level and change sit with different companies. 25 of 26 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Trent Ltd is the scale leader at ₹20,074 crore, 48.8% ahead of Vishal Mega Mart Ltd. V2 Retail Ltd's growth is 62.7% from a ₹3,067 crore base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderTrent Ltd · ₹20,074 crore
Gap48.8% versus #2 · Vishal Mega Mart Ltd
Persistence8/8 recent comparable periods
Coverage25/26 companies · 384 observations
Investor read: Trent Ltd is the scale benchmark; V2 Retail Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Trent Ltd's growth falls below V2 Retail Ltd's for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Trent Ltd TRENT₹20.1K Cr
2Vishal Mega Mart Ltd VMM₹13.5K Cr
3Aditya Birla Lifestyle Brands Ltd ABLBL₹8.4K Cr
4Aditya Birla Fashion & Retail Ltd ABFRL₹8.2K Cr
5Raymond Lifestyle Ltd RAYMONDLSL₹6.9K Cr
Revenue growthfastest growers
1V2 Retail Ltd V2RETAIL63%
2Thomas Scott India Ltd THOMASCOTT · older report62%
3Baazar Style Retail Ltd STYLEBAAZA37%
4SBC Exports Ltd SBC⚠ unverified34%
5Iris Clothings Ltd IRISDOREME⚠ unverified31%
Revenue · company comparison
25/26 level · 25/26 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| Trent Ltd TRENT | ₹5.0K Cr | 19% | Mar 2026 |
| Vishal Mega Mart Ltd VMM | ₹3.7K Cr | 19% | Jun 2026 |
| Aditya Birla Lifestyle Brands Ltd ABLBL | ₹2.2K Cr | 12% | Mar 2026 |
| Aditya Birla Fashion & Retail Ltd ABFRL | ₹2.0K Cr | 16% | Mar 2026 |
| Raymond Lifestyle Ltd RAYMONDLSL | ₹1.8K Cr | 19% | Mar 2026 |
| Pearl Global Industries Ltd PGIL | ₹1.3K Cr | 6.9% | Mar 2026 |
| Arvind Fashions Ltd ARVINDFASN | ₹1.3K Cr | 15% | Jun 2026 |
| V-Mart Retail Ltd VMART | ₹1.1K Cr | 23% | Jun 2026 |
| Gokaldas Exports Ltd GOKEX | ₹1.1K Cr | 5.3% | Mar 2026 |
| Lux Industries Ltd LUXIND | ₹873 Cr | 6.7% | Mar 2026 |
| V2 Retail Ltd V2RETAIL | ₹797 Cr | 60% | Mar 2026 |
| Baazar Style Retail Ltd STYLEBAAZA | ₹466 Cr | 35% | Mar 2026 |
| Vedant Fashions Ltd MANYAVAR | ₹399 Cr | 8.7% | Mar 2026 |
| Sai Silks (Kalamandir) Ltd KALAMANDIR⚠ unverified | ₹375 Cr | -1.1% | Jun 2026 |
| S P Apparels Ltd SPAL | ₹365 Cr | -8.5% | Mar 2026 |
| Kewal Kiran Clothing Ltd KKCL | ₹324 Cr | 13% | Mar 2026 |
| Monte Carlo Fashions Ltd MONTECARLO⚠ unverified | ₹280 Cr | 36% | Mar 2026 |
| Cantabil Retail India Ltd CANTABIL⚠ unverified | ₹253 Cr | 15% | Mar 2026 |
| Go Fashion (India) Ltd GOCOLORS⚠ unverified | ₹196 Cr | -4.2% | Mar 2026 |
| Kitex Garments Ltd KITEX | ₹166 Cr | -45% | Mar 2026 |
| Credo Brands Marketing Ltd MUFTI | ₹164 Cr | -12% | Sep 2025 |
| SBC Exports Ltd SBC⚠ unverified | ₹142 Cr | 47% | Mar 2026 |
| Bella Casa Fashion & Retail Ltd BELLACASA | ₹90 Cr | 11% | Dec 2025 |
| Karnika Industries Ltd KARNIKA⚠ unverified | ₹74 Cr | — | Jun 2026 |
| Thomas Scott India Ltd THOMASCOTT | ₹66 Cr | 46% | Dec 2025 |
| Iris Clothings Ltd IRISDOREME⚠ unverified | ₹60 Cr | 50% | Mar 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Aditya Birla Fashion & Retail Ltd · ABFRL
—
—
—
—
—
₹3.6K Cr
₹2.9K Cr
₹3.2K Cr
₹3.2K Cr
₹4.2K Cr
₹1.6K Cr
₹1.7K Cr
₹1.8K Cr
₹2.2K Cr
₹1.7K Cr
₹1.8K Cr
₹2.0K Cr
₹2.4K Cr
₹2.0K Cr
—
Aditya Birla Lifestyle Brands Ltd · ABLBL
—
—
—
—
—
—
—
—
—
—
—
₹1.8K Cr
₹2.0K Cr
₹2.1K Cr
₹1.9K Cr
₹1.8K Cr
₹2.0K Cr
₹2.3K Cr
₹2.2K Cr
—
Arvind Fashions Ltd · ARVINDFASN
₹812 Cr
₹1.0K Cr
₹917 Cr
₹920 Cr
₹1.2K Cr
₹1.1K Cr
₹1.1K Cr
₹867 Cr
₹1.2K Cr
₹1.1K Cr
₹1.1K Cr
₹955 Cr
₹1.3K Cr
₹1.2K Cr
₹1.2K Cr
₹1.1K Cr
₹1.4K Cr
₹1.4K Cr
₹1.4K Cr
₹1.3K Cr
Gokaldas Exports Ltd · GOKEX
₹444 Cr
₹521 Cr
₹585 Cr
₹611 Cr
₹570 Cr
₹519 Cr
₹523 Cr
₹515 Cr
₹500 Cr
₹552 Cr
₹812 Cr
₹932 Cr
₹929 Cr
₹988 Cr
₹1.0K Cr
₹956 Cr
₹984 Cr
₹979 Cr
₹1.1K Cr
—
Lux Industries Ltd · LUXIND
—
—
—
—
—
₹459 Cr
₹717 Cr
₹521 Cr
₹639 Cr
₹451 Cr
₹708 Cr
₹535 Cr
₹677 Cr
₹553 Cr
₹818 Cr
₹604 Cr
₹779 Cr
₹673 Cr
₹873 Cr
—
Pearl Global Industries Ltd · PGIL
—
—
—
—
—
₹717 Cr
₹730 Cr
₹894 Cr
₹961 Cr
₹704 Cr
₹877 Cr
₹1.1K Cr
₹1.2K Cr
₹1.0K Cr
₹1.2K Cr
₹1.2K Cr
₹1.3K Cr
₹1.2K Cr
₹1.3K Cr
—
Raymond Lifestyle Ltd · RAYMONDLSL
—
—
—
—
—
—
—
₹1.6K Cr
₹1.8K Cr
₹1.7K Cr
₹1.7K Cr
₹1.2K Cr
₹1.7K Cr
₹1.8K Cr
₹1.5K Cr
₹1.4K Cr
₹1.8K Cr
₹1.8K Cr
₹1.8K Cr
—
Trent Ltd · TRENT
₹1.2K Cr
₹1.5K Cr
₹1.3K Cr
₹1.8K Cr
₹2.0K Cr
₹2.3K Cr
₹2.2K Cr
₹2.6K Cr
₹3.0K Cr
₹3.5K Cr
₹3.3K Cr
₹4.1K Cr
₹4.2K Cr
₹4.7K Cr
₹4.2K Cr
₹4.9K Cr
₹4.8K Cr
₹5.3K Cr
₹5.0K Cr
—
V-Mart Retail Ltd · VMART
₹338 Cr
₹692 Cr
₹459 Cr
₹588 Cr
₹506 Cr
₹777 Cr
₹594 Cr
₹679 Cr
₹549 Cr
₹889 Cr
₹669 Cr
₹786 Cr
₹661 Cr
₹1.0K Cr
₹780 Cr
₹885 Cr
₹807 Cr
₹1.1K Cr
₹971 Cr
₹1.1K Cr
V2 Retail Ltd · V2RETAIL
₹150 Cr
₹239 Cr
₹158 Cr
₹211 Cr
₹195 Cr
₹240 Cr
₹193 Cr
₹264 Cr
₹231 Cr
₹374 Cr
₹296 Cr
₹415 Cr
₹380 Cr
₹591 Cr
₹499 Cr
₹632 Cr
₹709 Cr
₹929 Cr
₹797 Cr
—
Vedant Fashions Ltd · MANYAVAR
₹200 Cr
₹385 Cr
₹296 Cr
₹325 Cr
₹247 Cr
₹441 Cr
₹342 Cr
₹312 Cr
₹218 Cr
₹474 Cr
₹363 Cr
₹240 Cr
₹268 Cr
₹511 Cr
₹367 Cr
₹281 Cr
₹263 Cr
₹492 Cr
₹399 Cr
—
Vishal Mega Mart Ltd · VMM
—
—
—
—
—
—
—
₹2.1K Cr
₹2.1K Cr
₹2.6K Cr
₹2.1K Cr
₹2.6K Cr
₹2.4K Cr
₹3.1K Cr
₹2.5K Cr
₹3.1K Cr
₹3.0K Cr
₹3.7K Cr
₹3.1K Cr
₹3.7K Cr
Revenue growth · reported quarter history
Showing the 12 largest of 25 companies with a series here. The remaining 13 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Aditya Birla Fashion & Retail Ltd · ABFRL
—
—
—
—
—
—
—
—
—
16%
-45%
-48%
-45%
-47%
9.1%
9.4%
13%
7.9%
16%
—
Aditya Birla Lifestyle Brands Ltd · ABLBL
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
3.2%
3.7%
9.6%
12%
—
Arvind Fashions Ltd · ARVINDFASN
—
—
—
—
46%
6.5%
15%
-5.8%
-0.7%
4.9%
3.7%
10%
8.4%
6.9%
8.7%
16%
11%
14%
15%
15%
Gokaldas Exports Ltd · GOKEX
—
—
—
154%
28%
-0.4%
-11%
-16%
-12%
6.4%
55%
81%
86%
79%
25%
2.6%
5.9%
-0.9%
5.3%
—
Lux Industries Ltd · LUXIND
—
—
—
—
—
—
—
—
—
-1.7%
-1.3%
2.7%
6.0%
23%
16%
13%
15%
22%
6.7%
—
Pearl Global Industries Ltd · PGIL
—
—
—
—
—
—
—
—
—
-1.8%
20%
18%
25%
45%
40%
17%
9.2%
14%
6.9%
—
Raymond Lifestyle Ltd · RAYMONDLSL
—
—
—
—
—
—
—
—
—
—
—
-22%
-5.3%
1.6%
-11%
17%
7.3%
5.4%
19%
—
Trent Ltd · TRENT
—
—
—
266%
66%
54%
64%
46%
53%
51%
51%
56%
39%
34%
28%
19%
16%
15%
19%
—
V-Mart Retail Ltd · VMART
—
—
—
232%
50%
12%
29%
15%
8.5%
14%
13%
16%
20%
16%
17%
13%
22%
9.6%
24%
23%
V2 Retail Ltd · V2RETAIL
—
—
—
154%
30%
0.4%
22%
25%
18%
56%
53%
57%
65%
58%
69%
52%
87%
57%
60%
—
Vedant Fashions Ltd · MANYAVAR
—
—
—
103%
24%
15%
16%
-4.0%
-12%
7.5%
6.1%
-23%
23%
7.8%
1.1%
17%
-1.9%
-3.7%
8.7%
—
Vishal Mega Mart Ltd · VMM
—
—
—
—
—
—
—
—
—
—
—
23%
15%
20%
23%
21%
22%
17%
22%
19%
02 · compare level, then change
Operating Economics & Margin Trend
Vedant Fashions Ltd has the highest OPM among the 26 Textiles - Readymade Apparel companies compared here, at 33.8%. Cantabil Retail India Ltd is next at 31%. Monte Carlo Fashions Ltd has the highest Margin change at +6.5 percentage points, so level and change sit with different companies. Its OPM series carries 19 reported observations across the 20-quarter window.
What the numbers say: Vedant Fashions Ltd leads opm at 33.8%; Monte Carlo Fashions Ltd leads margin change at +6.5 percentage points.
LeaderVedant Fashions Ltd · 33.8%
Gap9% versus #2 · Cantabil Retail India Ltd
Persistence1/8 recent comparable periods
Coverage26/26 companies · 447 observations
Investor read: Vedant Fashions Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Vedant Fashions Ltd MANYAVAR34%
2Cantabil Retail India Ltd CANTABIL⚠ unverified31%
3Credo Brands Marketing Ltd MUFTI · older report29%
4Go Fashion (India) Ltd GOCOLORS⚠ unverified25%
5Kewal Kiran Clothing Ltd KKCL19%
Margin changefastest expanders
1Monte Carlo Fashions Ltd MONTECARLO⚠ unverified+6.5 pp
2Raymond Lifestyle Ltd RAYMONDLSL+6.0 pp
3Cantabil Retail India Ltd CANTABIL⚠ unverified+4.0 pp
4Trent Ltd TRENT+3.0 pp
5Karnika Industries Ltd KARNIKA⚠ unverified+2.3 pp
Operating margin · company comparison
26/26 level · 26/26 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Vedant Fashions Ltd MANYAVAR | 34% | −0.7 pp | Mar 2026 |
| Cantabil Retail India Ltd CANTABIL⚠ unverified | 31% | +4.0 pp | Mar 2026 |
| Credo Brands Marketing Ltd MUFTI | 29% | −2.0 pp | Sep 2025 |
| Go Fashion (India) Ltd GOCOLORS⚠ unverified | 25% | −5.2 pp | Mar 2026 |
| Kewal Kiran Clothing Ltd KKCL | 19% | +1.0 pp | Mar 2026 |
| Trent Ltd TRENT | 18% | +3.0 pp | Mar 2026 |
| Iris Clothings Ltd IRISDOREME⚠ unverified | 18% | −2.3 pp | Mar 2026 |
| Karnika Industries Ltd KARNIKA⚠ unverified | 17% | +2.3 pp | Jun 2026 |
| Aditya Birla Lifestyle Brands Ltd ABLBL | 16% | 0.0 pp | Mar 2026 |
| Vishal Mega Mart Ltd VMM | 15% | 0.0 pp | Jun 2026 |
| V-Mart Retail Ltd VMART | 15% | +1.0 pp | Jun 2026 |
| V2 Retail Ltd V2RETAIL | 14% | +2.0 pp | Mar 2026 |
| Sai Silks (Kalamandir) Ltd KALAMANDIR⚠ unverified | 14% | −1.0 pp | Jun 2026 |
| Arvind Fashions Ltd ARVINDFASN | 12% | 0.0 pp | Jun 2026 |
| S P Apparels Ltd SPAL | 12% | −2.0 pp | Mar 2026 |
| Thomas Scott India Ltd THOMASCOTT | 12% | −0.4 pp | Dec 2025 |
| Gokaldas Exports Ltd GOKEX | 11% | −1.0 pp | Mar 2026 |
| Pearl Global Industries Ltd PGIL | 10% | 0.0 pp | Mar 2026 |
| Baazar Style Retail Ltd STYLEBAAZA | 10% | −2.0 pp | Mar 2026 |
| Monte Carlo Fashions Ltd MONTECARLO⚠ unverified | 9.2% | +6.5 pp | Mar 2026 |
| Aditya Birla Fashion & Retail Ltd ABFRL | 9.0% | −3.0 pp | Mar 2026 |
| Bella Casa Fashion & Retail Ltd BELLACASA | 8.7% | −0.3 pp | Dec 2025 |
| Raymond Lifestyle Ltd RAYMONDLSL | 7.0% | +6.0 pp | Mar 2026 |
| Lux Industries Ltd LUXIND | 7.0% | −2.0 pp | Mar 2026 |
| SBC Exports Ltd SBC⚠ unverified | 4.2% | −0.6 pp | Mar 2026 |
| Kitex Garments Ltd KITEX | 1.0% | −16.0 pp | Mar 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Aditya Birla Fashion & Retail Ltd · ABFRL
15%
19%
16%
16%
13%
12%
7.0%
9.0%
10%
13%
2.0%
5.0%
4.0%
13%
12%
6.0%
3.0%
13%
9.0%
—
Aditya Birla Lifestyle Brands Ltd · ABLBL
—
—
—
—
—
—
—
—
—
—
—
16%
14%
16%
16%
14%
16%
18%
16%
—
Arvind Fashions Ltd · ARVINDFASN
6.9%
9.6%
8.0%
10.0%
9.8%
10%
11%
11%
12%
13%
12%
12%
13%
14%
13%
12%
13%
14%
14%
12%
Gokaldas Exports Ltd · GOKEX
12%
11%
13%
12%
11%
12%
13%
12%
9.0%
11%
10%
8.0%
7.0%
11%
12%
10%
7.0%
8.0%
11%
—
Lux Industries Ltd · LUXIND
22%
21%
18%
13%
10%
7.0%
6.0%
5.0%
9.0%
8.0%
11%
8.0%
10%
9.0%
9.0%
6.0%
6.0%
5.0%
7.0%
—
Pearl Global Industries Ltd · PGIL
5.9%
6.1%
4.4%
7.9%
6.1%
10%
9.0%
9.0%
8.0%
9.0%
9.0%
9.0%
8.0%
9.0%
10%
9.0%
9.0%
8.0%
10%
—
Raymond Lifestyle Ltd · RAYMONDLSL
—
—
—
—
—
—
—
9.3%
14%
16%
15%
5.0%
13%
10%
1.0%
5.0%
12%
13%
7.0%
—
Trent Ltd · TRENT
18%
18%
9.4%
16%
13%
14%
9.0%
14%
15%
18%
14%
15%
16%
18%
15%
17%
17%
20%
18%
—
V-Mart Retail Ltd · VMART
6.1%
20%
11%
15%
11%
13%
4.0%
8.0%
0.0%
13%
6.0%
13%
6.0%
17%
9.0%
14%
9.0%
19%
11%
15%
V2 Retail Ltd · V2RETAIL
12%
17%
4.1%
10%
5.2%
16%
7.0%
14%
9.0%
16%
11%
13%
9.0%
19%
12%
14%
12%
19%
14%
—
Vedant Fashions Ltd · MANYAVAR
46%
50%
49%
50%
47%
51%
49%
48%
43%
51%
48%
47%
46%
40%
35%
29%
26%
35%
34%
—
Vishal Mega Mart Ltd · VMM
—
—
—
—
—
—
—
7.7%
14%
16%
12%
14%
12%
16%
14%
15%
13%
16%
14%
15%
Margin change · reported quarter history
Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Aditya Birla Fashion & Retail Ltd · ABFRL
+9.6 pp
−0.2 pp
+3.4 pp
+37.1 pp
−2.3 pp
−7.5 pp
−9.3 pp
−7.3 pp
−2.9 pp
+1.0 pp
−5.0 pp
−4.0 pp
−6.0 pp
0.0 pp
+10.0 pp
+1.0 pp
−1.0 pp
0.0 pp
−3.0 pp
—
Aditya Birla Lifestyle Brands Ltd · ABLBL
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
−2.0 pp
+2.0 pp
+2.0 pp
0.0 pp
—
Arvind Fashions Ltd · ARVINDFASN
+23.8 pp
+5.4 pp
+6.6 pp
+44.2 pp
+2.9 pp
+0.4 pp
+3.0 pp
+1.0 pp
+2.2 pp
+3.0 pp
+1.0 pp
+1.0 pp
+1.0 pp
+1.0 pp
+1.0 pp
0.0 pp
0.0 pp
0.0 pp
+1.0 pp
0.0 pp
Gokaldas Exports Ltd · GOKEX
+2.9 pp
+3.4 pp
+3.6 pp
+4.4 pp
−0.2 pp
+0.6 pp
−0.1 pp
+0.2 pp
−2.5 pp
−1.0 pp
−3.0 pp
−4.0 pp
−2.0 pp
0.0 pp
+2.0 pp
+2.0 pp
0.0 pp
−3.0 pp
−1.0 pp
—
Lux Industries Ltd · LUXIND
+3.0 pp
+1.4 pp
−2.5 pp
−7.8 pp
−11.7 pp
−14.3 pp
−12.2 pp
−8.2 pp
−1.2 pp
+1.0 pp
+5.0 pp
+3.0 pp
+1.0 pp
+1.0 pp
−2.0 pp
−2.0 pp
−4.0 pp
−4.0 pp
−2.0 pp
—
Pearl Global Industries Ltd · PGIL
−1.0 pp
+3.4 pp
−1.5 pp
+3.7 pp
+0.2 pp
+3.9 pp
+4.6 pp
+1.1 pp
+1.9 pp
−1.0 pp
0.0 pp
0.0 pp
0.0 pp
0.0 pp
+1.0 pp
0.0 pp
+1.0 pp
−1.0 pp
0.0 pp
—
Raymond Lifestyle Ltd · RAYMONDLSL
—
—
—
—
—
—
—
—
—
—
—
−4.3 pp
−1.0 pp
−6.0 pp
−14.0 pp
0.0 pp
−1.0 pp
+3.0 pp
+6.0 pp
—
Trent Ltd · TRENT
+20.5 pp
−1.9 pp
−2.1 pp
+29.4 pp
−4.7 pp
−4.2 pp
−0.4 pp
−2.2 pp
+1.9 pp
+4.0 pp
+5.0 pp
+1.0 pp
+1.0 pp
0.0 pp
+1.0 pp
+2.0 pp
+1.0 pp
+2.0 pp
+3.0 pp
—
V-Mart Retail Ltd · VMART
+6.3 pp
−2.5 pp
+1.4 pp
+16.2 pp
+4.5 pp
−6.6 pp
−7.0 pp
−7.1 pp
−10.6 pp
0.0 pp
+2.0 pp
+5.0 pp
+6.0 pp
+4.0 pp
+3.0 pp
+1.0 pp
+3.0 pp
+2.0 pp
+2.0 pp
+1.0 pp
V2 Retail Ltd · V2RETAIL
+6.9 pp
−1.9 pp
+2.8 pp
+9.3 pp
−6.5 pp
−0.7 pp
+2.9 pp
+3.8 pp
+3.8 pp
0.0 pp
+4.0 pp
−1.0 pp
0.0 pp
+3.0 pp
+1.0 pp
+1.0 pp
+3.0 pp
0.0 pp
+2.0 pp
—
Vedant Fashions Ltd · MANYAVAR
+40.6 pp
−1.0 pp
+4.5 pp
+6.7 pp
+1.0 pp
+1.0 pp
0.0 pp
−2.0 pp
−4.0 pp
0.0 pp
−1.0 pp
−1.0 pp
+3.0 pp
−11.3 pp
−13.5 pp
−18.3 pp
−19.7 pp
−4.3 pp
−0.7 pp
—
Vishal Mega Mart Ltd · VMM
—
—
—
—
—
—
—
—
—
—
—
+6.3 pp
−1.5 pp
0.0 pp
+2.0 pp
+1.0 pp
+1.0 pp
0.0 pp
0.0 pp
0.0 pp
03 · compare level, then change
Profit Scale & Acceleration
Trent Ltd has the highest Net profit among the 26 Textiles - Readymade Apparel companies compared here, at ₹1,721 crore. Vishal Mega Mart Ltd is next at ₹892 crore. Aditya Birla Lifestyle Brands Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: Trent Ltd leads with ₹1,721 crore of TTM profit, 92.9% above Vishal Mega Mart Ltd. Aditya Birla Lifestyle Brands Ltd shows ≥100% on the scoring scale (175.8% uncapped) growth from a ₹171 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderTrent Ltd · ₹1,721 crore
Gap92.9% versus #2 · Vishal Mega Mart Ltd
Persistence7/8 recent comparable periods
Coverage25/26 companies · 384 observations
Investor read: Trent Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Trent Ltd TRENT₹1.7K Cr
2Vishal Mega Mart Ltd VMM₹892 Cr
3Vedant Fashions Ltd MANYAVAR₹403 Cr
4Pearl Global Industries Ltd PGIL₹271 Cr
5Arvind Fashions Ltd ARVINDFASN₹186 Cr
Profit growthfastest growers
1Aditya Birla Lifestyle Brands Ltd ABLBL100%
2Arvind Fashions Ltd ARVINDFASN100%
3V2 Retail Ltd V2RETAIL100%
4V-Mart Retail Ltd VMART100%
5SBC Exports Ltd SBC⚠ unverified87%
Net profit · company comparison
25/26 level · 21/26 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Trent Ltd TRENT | ₹413 Cr | 32% | Mar 2026 |
| Vishal Mega Mart Ltd VMM | ₹259 Cr | 26% | Jun 2026 |
| Vedant Fashions Ltd MANYAVAR | ₹114 Cr | 13% | Mar 2026 |
| Pearl Global Industries Ltd PGIL | ₹81 Cr | 25% | Mar 2026 |
| Aditya Birla Lifestyle Brands Ltd ABLBL | ₹55 Cr | 45% | Mar 2026 |
| V-Mart Retail Ltd VMART | ₹47 Cr | 38% | Jun 2026 |
| Lux Industries Ltd LUXIND | ₹47 Cr | -2.1% | Mar 2026 |
| Gokaldas Exports Ltd GOKEX | ₹36 Cr | -32% | Mar 2026 |
| Kewal Kiran Clothing Ltd KKCL | ₹35 Cr | 17% | Mar 2026 |
| Cantabil Retail India Ltd CANTABIL⚠ unverified | ₹29 Cr | 26% | Mar 2026 |
| Arvind Fashions Ltd ARVINDFASN | ₹28 Cr | 12% | Jun 2026 |
| Sai Silks (Kalamandir) Ltd KALAMANDIR⚠ unverified | ₹26 Cr | -13% | Jun 2026 |
| S P Apparels Ltd SPAL | ₹19 Cr | -37% | Mar 2026 |
| Credo Brands Marketing Ltd MUFTI | ₹19 Cr | -27% | Sep 2025 |
| V2 Retail Ltd V2RETAIL | ₹18 Cr | 200% | Mar 2026 |
| Karnika Industries Ltd KARNIKA⚠ unverified | ₹9 Cr | — | Jun 2026 |
| SBC Exports Ltd SBC⚠ unverified | ₹8 Cr | 105% | Mar 2026 |
| Go Fashion (India) Ltd GOCOLORS⚠ unverified | ₹8 Cr | -60% | Mar 2026 |
| Iris Clothings Ltd IRISDOREME⚠ unverified | ₹6 Cr | 44% | Mar 2026 |
| Monte Carlo Fashions Ltd MONTECARLO⚠ unverified | ₹5 Cr | 11% | Mar 2026 |
| Thomas Scott India Ltd THOMASCOTT | ₹5 Cr | 66% | Dec 2025 |
| Bella Casa Fashion & Retail Ltd BELLACASA | ₹4 Cr | 27% | Dec 2025 |
| Kitex Garments Ltd KITEX | ₹-9 Cr | -129% | Mar 2026 |
| Baazar Style Retail Ltd STYLEBAAZA | ₹-26 Cr | -37% | Mar 2026 |
| Raymond Lifestyle Ltd RAYMONDLSL | ₹-52 Cr | -33% | Mar 2026 |
| Aditya Birla Fashion & Retail Ltd ABFRL | ₹-164 Cr | -1,082% | Mar 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Aditya Birla Fashion & Retail Ltd · ABFRL
—
—
—
—
—
₹11 Cr
₹-195 Cr
₹-162 Cr
₹-200 Cr
₹-108 Cr
₹-266 Cr
₹-215 Cr
₹-175 Cr
₹-42 Cr
₹-24 Cr
₹-234 Cr
₹-295 Cr
₹-137 Cr
₹-164 Cr
—
Aditya Birla Lifestyle Brands Ltd · ABLBL
—
—
—
—
—
—
—
—
—
—
—
₹23 Cr
₹-59 Cr
₹60 Cr
₹38 Cr
₹24 Cr
₹23 Cr
₹69 Cr
₹55 Cr
—
Arvind Fashions Ltd · ARVINDFASN
₹-94 Cr
₹18 Cr
₹22 Cr
₹8 Cr
₹28 Cr
₹22 Cr
₹29 Cr
₹-5 Cr
₹37 Cr
₹65 Cr
₹40 Cr
₹14 Cr
₹45 Cr
₹47 Cr
₹-72 Cr
₹25 Cr
₹56 Cr
₹36 Cr
₹66 Cr
₹28 Cr
Gokaldas Exports Ltd · GOKEX
₹29 Cr
₹30 Cr
₹61 Cr
₹39 Cr
₹46 Cr
₹41 Cr
₹47 Cr
₹33 Cr
₹24 Cr
₹30 Cr
₹44 Cr
₹27 Cr
₹28 Cr
₹50 Cr
₹53 Cr
₹41 Cr
₹8 Cr
₹15 Cr
₹36 Cr
—
Lux Industries Ltd · LUXIND
—
—
—
—
—
₹17 Cr
₹30 Cr
₹15 Cr
₹36 Cr
₹19 Cr
₹55 Cr
₹33 Cr
₹52 Cr
₹32 Cr
₹48 Cr
₹23 Cr
₹23 Cr
₹13 Cr
₹47 Cr
—
Pearl Global Industries Ltd · PGIL
—
—
—
—
—
₹37 Cr
₹53 Cr
₹47 Cr
₹39 Cr
₹34 Cr
₹49 Cr
₹62 Cr
₹56 Cr
₹48 Cr
₹65 Cr
₹66 Cr
₹72 Cr
₹52 Cr
₹81 Cr
—
Raymond Lifestyle Ltd · RAYMONDLSL
—
—
—
—
—
—
—
₹1.1K Cr
₹139 Cr
₹162 Cr
₹236 Cr
₹-23 Cr
₹42 Cr
₹64 Cr
₹-45 Cr
₹-20 Cr
₹75 Cr
₹43 Cr
₹-52 Cr
—
Trent Ltd · TRENT
₹80 Cr
₹114 Cr
₹-21 Cr
₹115 Cr
₹79 Cr
₹155 Cr
₹45 Cr
₹167 Cr
₹228 Cr
₹371 Cr
₹712 Cr
₹391 Cr
₹335 Cr
₹497 Cr
₹312 Cr
₹425 Cr
₹373 Cr
₹510 Cr
₹413 Cr
—
V-Mart Retail Ltd · VMART
₹-14 Cr
₹57 Cr
₹-3 Cr
₹20 Cr
₹-11 Cr
₹20 Cr
₹-37 Cr
₹-22 Cr
₹-64 Cr
₹28 Cr
₹-39 Cr
₹12 Cr
₹-57 Cr
₹72 Cr
₹19 Cr
₹34 Cr
₹-9 Cr
₹88 Cr
₹11 Cr
₹47 Cr
V2 Retail Ltd · V2RETAIL
₹-3 Cr
₹12 Cr
₹-10 Cr
₹-3 Cr
₹-12 Cr
₹9 Cr
₹-8 Cr
₹6 Cr
₹-6 Cr
₹24 Cr
₹4 Cr
₹16 Cr
₹-2 Cr
₹51 Cr
₹6 Cr
₹25 Cr
₹17 Cr
₹103 Cr
₹18 Cr
—
Vedant Fashions Ltd · MANYAVAR
₹53 Cr
₹128 Cr
₹89 Cr
₹101 Cr
₹69 Cr
₹150 Cr
₹109 Cr
₹92 Cr
₹49 Cr
₹158 Cr
₹116 Cr
₹62 Cr
₹67 Cr
₹158 Cr
₹101 Cr
₹70 Cr
₹56 Cr
₹135 Cr
₹114 Cr
—
Vishal Mega Mart Ltd · VMM
—
—
—
—
—
—
—
₹98 Cr
₹98 Cr
₹205 Cr
₹61 Cr
₹150 Cr
₹104 Cr
₹263 Cr
₹115 Cr
₹206 Cr
₹152 Cr
₹313 Cr
₹168 Cr
₹259 Cr
Profit growth · reported quarter history
Showing the 12 largest of 25 companies with a series here. The remaining 13 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Aditya Birla Fashion & Retail Ltd · ABFRL
—
—
—
—
—
—
—
—
—
-1,082%
—
—
—
—
—
—
—
—
—
—
Aditya Birla Lifestyle Brands Ltd · ABLBL
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
4.4%
—
15%
45%
—
Arvind Fashions Ltd · ARVINDFASN
—
—
—
—
—
22%
32%
-163%
32%
195%
38%
—
22%
-28%
-280%
79%
24%
-23%
—
12%
Gokaldas Exports Ltd · GOKEX
—
—
—
—
59%
37%
-23%
-15%
-48%
-27%
-6.4%
-18%
17%
67%
20%
52%
-71%
-70%
-32%
—
Lux Industries Ltd · LUXIND
—
—
—
—
—
—
—
—
—
12%
83%
120%
44%
68%
-13%
-30%
-56%
-59%
-2.1%
—
Pearl Global Industries Ltd · PGIL
—
—
—
—
—
—
—
—
—
-8.1%
-7.6%
32%
44%
41%
33%
6.5%
29%
8.3%
25%
—
Raymond Lifestyle Ltd · RAYMONDLSL
—
—
—
—
—
—
—
—
—
—
—
-102%
-70%
-60%
-119%
—
79%
-33%
—
—
Trent Ltd · TRENT
—
—
—
—
-1.3%
36%
—
45%
189%
139%
1,482%
134%
47%
34%
-56%
8.7%
11%
2.6%
32%
—
V-Mart Retail Ltd · VMART
—
—
—
—
—
-65%
—
-210%
—
40%
—
—
—
157%
—
183%
—
22%
-42%
38%
V2 Retail Ltd · V2RETAIL
—
—
—
—
—
-25%
—
—
—
167%
—
167%
—
113%
50%
56%
—
102%
200%
—
Vedant Fashions Ltd · MANYAVAR
—
—
—
124%
30%
17%
22%
-8.9%
-29%
5.3%
6.4%
-33%
37%
0.0%
-13%
13%
-16%
-15%
13%
—
Vishal Mega Mart Ltd · VMM
—
—
—
—
—
—
—
—
—
—
—
53%
6.1%
28%
89%
37%
46%
19%
46%
26%
04 · compare level, then change
Capacity Spending & Returns On It
Gokaldas Exports Ltd has the highest CAPEX among the 26 Textiles - Readymade Apparel companies compared here, at ₹581 crore. Vishal Mega Mart Ltd is next at ₹60 crore. The same company also holds the highest CAPEX intensity, at 71.6%. 7 of 26 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Gokaldas Exports Ltd reports ₹581 crore of CAPEX; Gokaldas Exports Ltd has the highest covered intensity at 71.6%. Coverage is only 7 of 26 companies and 26 reported observations, so this is partial evidence—not a complete sector rank.
LeaderGokaldas Exports Ltd · ₹581 crore
Gap868.3% versus #2 · Vishal Mega Mart Ltd
Persistence4/4 recent comparable periods
Coverage7/26 companies · 26 observations
Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.
This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.
CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Gokaldas Exports Ltd GOKEX₹581 Cr
2Vishal Mega Mart Ltd VMM₹60 Cr
3Baazar Style Retail Ltd STYLEBAAZA₹45 Cr
4Raymond Lifestyle Ltd RAYMONDLSL₹30 Cr
5Go Fashion (India) Ltd GOCOLORS⚠ unverified₹1 Cr
CAPEX intensityhighest reinvestment intensity
1Gokaldas Exports Ltd GOKEX72%
2Baazar Style Retail Ltd STYLEBAAZA20%
3Vishal Mega Mart Ltd VMM2.5%
4Raymond Lifestyle Ltd RAYMONDLSL1.7%
5Karnika Industries Ltd KARNIKA⚠ unverified0.0%
Capital expenditure · company comparison
7/26 level · 6/26 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
Withheld from this chart: Pearl Global Industries Ltd (PGIL) — its two data sources disagree by up to 16% on reported income across 14 comparable periods, so its derived ratios are withheld; Aditya Birla Fashion & Retail Ltd (ABFRL) — its two data sources disagree by up to 150% on reported income across 13 comparable periods, so its derived ratios are withheld; Lux Industries Ltd (LUXIND) — its two data sources disagree by up to 7.9% on reported income across 14 comparable periods, so its derived ratios are withheld; Kitex Garments Ltd (KITEX) — its two data sources disagree by up to 67% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | CAPEX | CAPEX intensity | Reported |
|---|---|---|---|
| Gokaldas Exports Ltd GOKEX | ₹581 Cr | 72% | Mar 2026 |
| Vishal Mega Mart Ltd VMM | ₹60 Cr | 2.5% | Jun 2026 |
| Baazar Style Retail Ltd STYLEBAAZA | ₹45 Cr | 20% | Mar 2026 |
| Raymond Lifestyle Ltd RAYMONDLSL | ₹30 Cr | 1.7% | Mar 2026 |
| Vedant Fashions Ltd MANYAVAR | ₹0 Cr | 0.0% | Mar 2026 |
| Karnika Industries Ltd KARNIKA⚠ unverified | ₹0 Cr | 0.0% | Jun 2026 |
Full 20-quarter history · every available company
CAPEX · reported quarter history
Baazar Style Retail Ltd · STYLEBAAZA
—
—
—
—
—
—
₹7 Cr
—
—
₹20 Cr
₹45 Cr
—
—
—
—
—
—
—
—
—
Gokaldas Exports Ltd · GOKEX
—
—
—
—
—
₹28 Cr
₹57 Cr
—
—
₹37 Cr
₹581 Cr
—
—
—
—
—
—
—
—
—
Karnika Industries Ltd · KARNIKA⚠ unverified
—
—
—
—
—
—
—
₹2 Cr
₹2 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹2 Cr
₹2 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
—
Raymond Lifestyle Ltd · RAYMONDLSL
—
—
—
—
—
—
—
₹30 Cr
₹30 Cr
—
—
—
—
—
—
—
—
—
—
—
Vedant Fashions Ltd · MANYAVAR
₹0 Cr
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Vishal Mega Mart Ltd · VMM
—
—
—
—
—
—
—
₹56 Cr
₹56 Cr
—
—
₹58 Cr
₹60 Cr
—
—
—
—
—
—
—
CAPEX intensity · reported quarter history
Baazar Style Retail Ltd · STYLEBAAZA
—
—
—
—
—
—
4.4%
—
—
6.0%
20%
—
—
—
—
—
—
—
—
—
Gokaldas Exports Ltd · GOKEX
—
—
—
—
—
5.4%
11%
—
—
6.7%
72%
—
—
—
—
—
—
—
—
—
Karnika Industries Ltd · KARNIKA⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.0%
0.0%
—
Raymond Lifestyle Ltd · RAYMONDLSL
—
—
—
—
—
—
—
1.9%
1.7%
—
—
—
—
—
—
—
—
—
—
—
Vedant Fashions Ltd · MANYAVAR
0.0%
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Vishal Mega Mart Ltd · VMM
—
—
—
—
—
—
—
2.7%
2.7%
—
—
2.2%
2.5%
—
—
—
—
—
—
—
Annual capital allocation · 10-year view
26/26 capacity base · 26/26 OCF · 25/26 CAPEX · 25/26 FCF
Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.
Full annual capacity base, operating cash flow, CAPEX and free cash flow history
Capacity base · net fixed assets + CWIP · fiscal-year history
Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Aditya Birla Fashion & Retail Ltd · ABFRL
—
—
₹2.6K Cr
₹5.0K Cr
₹5.7K Cr
₹6.2K Cr
₹8.6K Cr
₹12.1K Cr
₹9.6K Cr
₹10.5K Cr
Aditya Birla Lifestyle Brands Ltd · ABLBL
—
—
—
—
—
—
—
—
₹3.3K Cr
₹3.7K Cr
Arvind Fashions Ltd · ARVINDFASN
₹340 Cr
₹533 Cr
₹548 Cr
₹1.2K Cr
₹1.0K Cr
₹661 Cr
₹867 Cr
₹900 Cr
₹1.0K Cr
₹1.1K Cr
Gokaldas Exports Ltd · GOKEX
₹98 Cr
₹96 Cr
₹108 Cr
₹173 Cr
₹237 Cr
₹299 Cr
₹388 Cr
₹1.3K Cr
₹1.4K Cr
₹1.7K Cr
Lux Industries Ltd · LUXIND
—
₹131 Cr
₹132 Cr
₹163 Cr
₹208 Cr
₹270 Cr
₹338 Cr
₹346 Cr
₹371 Cr
₹408 Cr
Pearl Global Industries Ltd · PGIL
₹272 Cr
₹282 Cr
₹346 Cr
₹458 Cr
₹437 Cr
₹463 Cr
₹533 Cr
₹647 Cr
₹771 Cr
₹931 Cr
Raymond Lifestyle Ltd · RAYMONDLSL
—
—
—
—
₹33 Cr
₹26 Cr
₹15 Cr
₹7.5K Cr
₹7.9K Cr
₹7.8K Cr
Trent Ltd · TRENT
₹554 Cr
₹623 Cr
₹749 Cr
₹2.8K Cr
₹3.2K Cr
₹4.8K Cr
₹4.6K Cr
₹2.7K Cr
₹4.1K Cr
₹5.8K Cr
V-Mart Retail Ltd · VMART
₹118 Cr
₹149 Cr
₹169 Cr
₹669 Cr
₹699 Cr
₹1.1K Cr
₹1.6K Cr
₹1.7K Cr
₹1.0K Cr
₹1.4K Cr
V2 Retail Ltd · V2RETAIL
—
—
—
₹343 Cr
₹400 Cr
₹394 Cr
₹408 Cr
₹480 Cr
₹867 Cr
₹1.0K Cr
Vedant Fashions Ltd · MANYAVAR
—
₹317 Cr
₹255 Cr
₹507 Cr
₹459 Cr
₹515 Cr
₹522 Cr
₹663 Cr
—
—
Vishal Mega Mart Ltd · VMM
—
—
—
₹5.8K Cr
₹4.7K Cr
₹5.8K Cr
₹6.0K Cr
₹6.2K Cr
₹6.5K Cr
₹6.9K Cr
Operating cash flow · fiscal-year history
Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Aditya Birla Fashion & Retail Ltd · ABFRL
—
—
₹528 Cr
₹644 Cr
₹1.1K Cr
₹951 Cr
₹636 Cr
₹1.3K Cr
₹1.6K Cr
₹161 Cr
Aditya Birla Lifestyle Brands Ltd · ABLBL
—
—
—
—
—
—
—
—
₹1.1K Cr
₹1.2K Cr
Arvind Fashions Ltd · ARVINDFASN
₹-146 Cr
₹-78 Cr
₹175 Cr
₹206 Cr
₹-79 Cr
₹300 Cr
₹317 Cr
₹434 Cr
₹530 Cr
₹0 Cr
Gokaldas Exports Ltd · GOKEX
₹12 Cr
₹25 Cr
₹51 Cr
₹99 Cr
₹119 Cr
₹117 Cr
₹369 Cr
₹-177 Cr
₹57 Cr
₹52 Cr
Lux Industries Ltd · LUXIND
—
₹-2 Cr
₹190 Cr
₹153 Cr
₹389 Cr
₹-228 Cr
₹181 Cr
₹240 Cr
₹-81 Cr
₹-149 Cr
Pearl Global Industries Ltd · PGIL
₹15 Cr
₹33 Cr
₹75 Cr
₹64 Cr
₹95 Cr
₹-92 Cr
₹365 Cr
₹352 Cr
₹176 Cr
₹398 Cr
Raymond Lifestyle Ltd · RAYMONDLSL
—
—
—
—
₹11 Cr
₹35 Cr
₹10 Cr
₹38 Cr
₹404 Cr
₹546 Cr
Trent Ltd · TRENT
₹102 Cr
₹77 Cr
₹21 Cr
₹361 Cr
₹285 Cr
₹58 Cr
₹595 Cr
₹1.3K Cr
₹1.7K Cr
₹2.7K Cr
V-Mart Retail Ltd · VMART
₹69 Cr
₹58 Cr
₹76 Cr
₹86 Cr
₹149 Cr
₹-11 Cr
₹177 Cr
₹386 Cr
₹349 Cr
₹501 Cr
V2 Retail Ltd · V2RETAIL
—
—
—
₹74 Cr
₹3 Cr
₹59 Cr
₹86 Cr
₹93 Cr
₹201 Cr
₹-103 Cr
Vedant Fashions Ltd · MANYAVAR
—
₹52 Cr
₹177 Cr
₹243 Cr
₹253 Cr
₹351 Cr
₹470 Cr
₹483 Cr
₹389 Cr
₹481 Cr
Vishal Mega Mart Ltd · VMM
—
—
—
₹557 Cr
₹1.1K Cr
₹657 Cr
₹636 Cr
₹830 Cr
₹1.4K Cr
₹1.6K Cr
CAPEX · reported cash flow · fiscal-year history
Showing the 12 largest of 25 companies with a series here. The remaining 13 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Aditya Birla Fashion & Retail Ltd · ABFRL
—
—
—
₹3.3K Cr
₹1.6K Cr
₹1.5K Cr
₹3.6K Cr
₹4.5K Cr
₹-1.3K Cr
₹2.2K Cr
Aditya Birla Lifestyle Brands Ltd · ABLBL
—
—
—
—
—
—
—
—
—
₹1.2K Cr
Arvind Fashions Ltd · ARVINDFASN
—
₹332 Cr
₹168 Cr
₹1.1K Cr
₹113 Cr
₹-151 Cr
₹409 Cr
₹263 Cr
₹367 Cr
₹363 Cr
Gokaldas Exports Ltd · GOKEX
₹18 Cr
₹14 Cr
₹31 Cr
₹120 Cr
₹117 Cr
₹121 Cr
₹161 Cr
₹965 Cr
₹280 Cr
₹407 Cr
Lux Industries Ltd · LUXIND
—
—
₹12 Cr
₹46 Cr
₹63 Cr
₹80 Cr
₹88 Cr
₹30 Cr
₹49 Cr
₹67 Cr
Pearl Global Industries Ltd · PGIL
₹70 Cr
₹33 Cr
₹90 Cr
₹154 Cr
₹23 Cr
₹74 Cr
₹121 Cr
₹178 Cr
₹199 Cr
₹247 Cr
Raymond Lifestyle Ltd · RAYMONDLSL
—
—
—
—
—
₹2 Cr
₹-7 Cr
₹7.8K Cr
₹658 Cr
₹312 Cr
Trent Ltd · TRENT
₹63 Cr
₹115 Cr
₹178 Cr
₹2.3K Cr
₹658 Cr
₹1.9K Cr
₹331 Cr
₹-1.3K Cr
₹2.3K Cr
₹3.1K Cr
V-Mart Retail Ltd · VMART
₹25 Cr
₹54 Cr
₹48 Cr
₹594 Cr
₹133 Cr
₹549 Cr
₹617 Cr
₹333 Cr
₹-389 Cr
₹628 Cr
V2 Retail Ltd · V2RETAIL
—
—
—
—
₹113 Cr
₹53 Cr
₹81 Cr
₹149 Cr
₹486 Cr
₹319 Cr
Vedant Fashions Ltd · MANYAVAR
—
—
₹-53 Cr
₹341 Cr
₹48 Cr
₹150 Cr
₹111 Cr
₹276 Cr
—
—
Vishal Mega Mart Ltd · VMM
—
—
—
—
₹-756 Cr
₹1.6K Cr
₹610 Cr
₹776 Cr
₹918 Cr
₹1.0K Cr
Free cash flow · fiscal-year history
Showing the 12 largest of 25 companies with a series here. The remaining 13 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Aditya Birla Fashion & Retail Ltd · ABFRL
—
—
—
₹-2.7K Cr
₹-536 Cr
₹-543 Cr
₹-3.0K Cr
₹-3.2K Cr
₹2.9K Cr
₹-2.1K Cr
Aditya Birla Lifestyle Brands Ltd · ABLBL
—
—
—
—
—
—
—
—
—
₹62 Cr
Arvind Fashions Ltd · ARVINDFASN
—
₹-410 Cr
₹7 Cr
₹-902 Cr
₹-192 Cr
₹451 Cr
₹-92 Cr
₹171 Cr
₹163 Cr
₹-363 Cr
Gokaldas Exports Ltd · GOKEX
₹-6 Cr
₹11 Cr
₹20 Cr
₹-21 Cr
₹2 Cr
₹-4 Cr
₹208 Cr
₹-1.1K Cr
₹-223 Cr
₹-355 Cr
Lux Industries Ltd · LUXIND
—
—
₹178 Cr
₹107 Cr
₹326 Cr
₹-308 Cr
₹93 Cr
₹210 Cr
₹-130 Cr
₹-216 Cr
Pearl Global Industries Ltd · PGIL
₹-55 Cr
₹0 Cr
₹-15 Cr
₹-90 Cr
₹72 Cr
₹-166 Cr
₹244 Cr
₹174 Cr
₹-23 Cr
₹151 Cr
Raymond Lifestyle Ltd · RAYMONDLSL
—
—
—
—
—
₹33 Cr
₹17 Cr
₹-7.7K Cr
₹-254 Cr
₹234 Cr
Trent Ltd · TRENT
₹39 Cr
₹-38 Cr
₹-157 Cr
₹-1.9K Cr
₹-373 Cr
₹-1.9K Cr
₹264 Cr
₹2.6K Cr
₹-635 Cr
₹-391 Cr
V-Mart Retail Ltd · VMART
₹44 Cr
₹4 Cr
₹28 Cr
₹-508 Cr
₹16 Cr
₹-560 Cr
₹-440 Cr
₹53 Cr
₹738 Cr
₹-127 Cr
V2 Retail Ltd · V2RETAIL
—
—
—
—
₹-110 Cr
₹6 Cr
₹5 Cr
₹-56 Cr
₹-285 Cr
₹-422 Cr
Vedant Fashions Ltd · MANYAVAR
—
—
₹230 Cr
₹-98 Cr
₹205 Cr
₹201 Cr
₹359 Cr
₹207 Cr
—
—
Vishal Mega Mart Ltd · VMM
—
—
—
—
₹1.8K Cr
₹-908 Cr
₹26 Cr
₹54 Cr
₹481 Cr
₹581 Cr
05 · compare level, then change
Debt Load & Balance-Sheet Headroom
Thomas Scott India Ltd has the lowest Gross debt among the 26 Textiles - Readymade Apparel companies compared here, at ₹27 crore. Iris Clothings Ltd is next at ₹34 crore. Kewal Kiran Clothing Ltd has the lowest Net debt at ₹188 crore net cash, so level and change sit with different companies.
What the numbers say: Kewal Kiran Clothing Ltd has the clearest covered balance-sheet capacity with ₹188 crore net cash and gross debt of ₹128 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.
LeaderThomas Scott India Ltd · ₹27 crore
Gap20.6% versus #2 · Iris Clothings Ltd
PersistenceNot enough history
Coverage26/26 companies · 351 observations
Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.
This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.
Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Thomas Scott India Ltd THOMASCOTT · older report₹27 Cr
2Iris Clothings Ltd IRISDOREME⚠ unverified₹34 Cr
3Karnika Industries Ltd KARNIKA⚠ unverified₹76 Cr
4Bella Casa Fashion & Retail Ltd BELLACASA · older report₹79 Cr
5Kewal Kiran Clothing Ltd KKCL₹128 Cr
Net debtlowest net debt
1Kewal Kiran Clothing Ltd KKCL₹-188 Cr
2Vedant Fashions Ltd MANYAVAR₹-79 Cr
3Sai Silks (Kalamandir) Ltd KALAMANDIR⚠ unverified₹13 Cr
4Iris Clothings Ltd IRISDOREME⚠ unverified₹33 Cr
5Karnika Industries Ltd KARNIKA⚠ unverified₹76 Cr
Debt and balance-sheet capacity · company comparison
26/26 level · 19/26 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Gross debt | Net debt | Reported |
|---|---|---|---|
| Aditya Birla Fashion & Retail Ltd ABFRL | ₹6.2K Cr | — | Mar 2026 |
| Aditya Birla Lifestyle Brands Ltd ABLBL | ₹3.0K Cr | ₹2.9K Cr | Mar 2026 |
| Trent Ltd TRENT | ₹2.6K Cr | ₹1.6K Cr | Mar 2026 |
| Raymond Lifestyle Ltd RAYMONDLSL | ₹2.2K Cr | ₹1.2K Cr | Mar 2026 |
| Vishal Mega Mart Ltd VMM | ₹2.0K Cr | ₹274 Cr | Jun 2026 |
| Arvind Fashions Ltd ARVINDFASN | ₹1.3K Cr | ₹1.3K Cr | Jun 2026 |
| Gokaldas Exports Ltd GOKEX | ₹1.3K Cr | ₹848 Cr | Mar 2026 |
| Kitex Garments Ltd KITEX | ₹1.2K Cr | — | Mar 2026 |
| V2 Retail Ltd V2RETAIL | ₹995 Cr | ₹989 Cr | Mar 2026 |
| Baazar Style Retail Ltd STYLEBAAZA | ₹995 Cr | ₹982 Cr | Mar 2026 |
| V-Mart Retail Ltd VMART | ₹958 Cr | ₹904 Cr | Jun 2026 |
| Pearl Global Industries Ltd PGIL | ₹943 Cr | — | Mar 2026 |
| Lux Industries Ltd LUXIND | ₹618 Cr | — | Mar 2026 |
| Monte Carlo Fashions Ltd MONTECARLO⚠ unverified | ₹580 Cr | ₹464 Cr | Mar 2026 |
| Cantabil Retail India Ltd CANTABIL⚠ unverified | ₹544 Cr | ₹519 Cr | Mar 2026 |
| Go Fashion (India) Ltd GOCOLORS⚠ unverified | ₹532 Cr | ₹374 Cr | Mar 2026 |
| Vedant Fashions Ltd MANYAVAR | ₹458 Cr | ₹-79 Cr | Mar 2026 |
| S P Apparels Ltd SPAL | ₹419 Cr | ₹346 Cr | Mar 2026 |
| Sai Silks (Kalamandir) Ltd KALAMANDIR⚠ unverified | ₹361 Cr | ₹13 Cr | Jun 2026 |
| Credo Brands Marketing Ltd MUFTI | ₹242 Cr | — | Sep 2025 |
| SBC Exports Ltd SBC⚠ unverified | ₹227 Cr | ₹209 Cr | Mar 2026 |
| Kewal Kiran Clothing Ltd KKCL | ₹128 Cr | ₹-188 Cr | Mar 2026 |
| Bella Casa Fashion & Retail Ltd BELLACASA | ₹79 Cr | — | Dec 2025 |
| Karnika Industries Ltd KARNIKA⚠ unverified | ₹76 Cr | ₹76 Cr | Jun 2026 |
| Iris Clothings Ltd IRISDOREME⚠ unverified | ₹34 Cr | ₹33 Cr | Mar 2026 |
| Thomas Scott India Ltd THOMASCOTT | ₹27 Cr | — | Dec 2025 |
Full 20-quarter history · every available company
Gross debt · reported quarter history
Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Aditya Birla Fashion & Retail Ltd · ABFRL
—
—
₹4.1K Cr
—
—
—
₹6.6K Cr
—
—
—
₹9.5K Cr
—
—
—
₹5.0K Cr
—
₹5.7K Cr
—
₹6.2K Cr
—
Aditya Birla Lifestyle Brands Ltd · ABLBL
—
—
—
—
—
—
—
—
—
—
—
—
—
—
₹2.9K Cr
₹2.9K Cr
₹3.5K Cr
₹3.5K Cr
₹3.0K Cr
—
Arvind Fashions Ltd · ARVINDFASN
₹1.3K Cr
₹1.3K Cr
₹958 Cr
₹958 Cr
₹1.1K Cr
₹1.1K Cr
₹1.3K Cr
₹1.3K Cr
₹1.3K Cr
₹1.3K Cr
₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
₹1.2K Cr
₹1.2K Cr
₹1.2K Cr
₹1.2K Cr
₹1.2K Cr
₹1.3K Cr
₹1.3K Cr
Gokaldas Exports Ltd · GOKEX
₹543 Cr
₹543 Cr
₹193 Cr
₹193 Cr
₹151 Cr
—
₹154 Cr
₹154 Cr
₹142 Cr
₹193 Cr
₹805 Cr
₹805 Cr
₹576 Cr
₹576 Cr
₹845 Cr
₹845 Cr
₹993 Cr
₹993 Cr
₹1.3K Cr
—
Lux Industries Ltd · LUXIND
—
—
₹350 Cr
—
—
—
₹268 Cr
—
—
—
₹211 Cr
—
—
—
₹317 Cr
—
₹575 Cr
—
₹618 Cr
—
Pearl Global Industries Ltd · PGIL
—
—
₹645 Cr
—
—
—
₹558 Cr
—
—
—
₹588 Cr
—
—
—
₹773 Cr
—
₹746 Cr
—
₹943 Cr
—
Raymond Lifestyle Ltd · RAYMONDLSL
—
—
₹0 Cr
—
—
—
₹0 Cr
₹5 Cr
—
—
₹1.5K Cr
₹1.5K Cr
₹2.1K Cr
₹2.1K Cr
₹2.3K Cr
₹2.3K Cr
₹2.5K Cr
₹2.5K Cr
₹2.2K Cr
—
Trent Ltd · TRENT
₹3.5K Cr
₹3.5K Cr
₹4.7K Cr
₹4.7K Cr
₹4.5K Cr
₹4.5K Cr
₹4.5K Cr
₹4.5K Cr
₹4.8K Cr
₹4.8K Cr
₹1.8K Cr
₹1.8K Cr
₹1.8K Cr
₹1.8K Cr
₹2.2K Cr
₹2.2K Cr
₹2.3K Cr
₹2.3K Cr
₹2.6K Cr
—
V-Mart Retail Ltd · VMART
₹714 Cr
₹714 Cr
₹902 Cr
₹902 Cr
₹1.2K Cr
₹1.2K Cr
₹1.3K Cr
₹1.3K Cr
₹1.4K Cr
₹1.4K Cr
₹1.4K Cr
₹1.4K Cr
₹1.6K Cr
₹1.6K Cr
₹783 Cr
₹783 Cr
₹801 Cr
₹801 Cr
₹958 Cr
—
V2 Retail Ltd · V2RETAIL
₹385 Cr
₹385 Cr
₹398 Cr
₹398 Cr
₹421 Cr
₹421 Cr
₹424 Cr
₹424 Cr
₹445 Cr
₹445 Cr
₹525 Cr
₹525 Cr
₹649 Cr
₹649 Cr
₹871 Cr
₹850 Cr
₹1.3K Cr
₹1.3K Cr
₹995 Cr
—
Vedant Fashions Ltd · MANYAVAR
₹237 Cr
₹237 Cr
₹279 Cr
₹279 Cr
₹262 Cr
₹262 Cr
₹293 Cr
₹293 Cr
₹365 Cr
₹365 Cr
₹444 Cr
₹444 Cr
₹463 Cr
₹463 Cr
₹483 Cr
₹483 Cr
₹464 Cr
₹464 Cr
₹458 Cr
—
Vishal Mega Mart Ltd · VMM
—
—
₹1.8K Cr
—
—
—
₹1.5K Cr
₹1.5K Cr
—
—
₹1.5K Cr
₹1.5K Cr
₹1.4K Cr
₹1.4K Cr
₹1.7K Cr
₹1.7K Cr
₹1.9K Cr
₹1.9K Cr
₹2.0K Cr
—
Net debt · reported quarter history
Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Aditya Birla Lifestyle Brands Ltd · ABLBL
—
—
—
—
—
—
—
—
—
—
—
—
—
—
₹2.8K Cr
₹2.8K Cr
₹3.2K Cr
₹3.2K Cr
₹2.9K Cr
—
Arvind Fashions Ltd · ARVINDFASN
₹918 Cr
₹918 Cr
₹1.0K Cr
₹853 Cr
₹941 Cr
₹941 Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹995 Cr
₹995 Cr
₹1.0K Cr
₹1.0K Cr
₹1.0K Cr
₹992 Cr
₹1.2K Cr
₹1.2K Cr
₹1.3K Cr
₹1.3K Cr
Baazar Style Retail Ltd · STYLEBAAZA
—
—
—
—
—
—
₹485 Cr
₹485 Cr
—
₹568 Cr
₹643 Cr
₹643 Cr
₹651 Cr
₹651 Cr
₹978 Cr
₹974 Cr
₹829 Cr
₹829 Cr
₹982 Cr
—
Gokaldas Exports Ltd · GOKEX
₹492 Cr
₹492 Cr
₹26 Cr
₹26 Cr
₹-235 Cr
—
₹-214 Cr
₹-214 Cr
₹-388 Cr
₹-216 Cr
₹522 Cr
₹522 Cr
₹27 Cr
₹27 Cr
₹360 Cr
₹360 Cr
₹568 Cr
₹568 Cr
₹848 Cr
—
Kewal Kiran Clothing Ltd · KKCL
₹-217 Cr
₹-282 Cr
₹-233 Cr
₹-182 Cr
₹-140 Cr
₹-150 Cr
₹-231 Cr
₹-260 Cr
₹-255 Cr
₹-276 Cr
₹-352 Cr
₹-349 Cr
₹-231 Cr
₹-144 Cr
₹-114 Cr
₹-145 Cr
₹-134 Cr
₹-155 Cr
₹-188 Cr
—
Raymond Lifestyle Ltd · RAYMONDLSL
—
—
—
—
—
—
—
₹5 Cr
—
—
₹617 Cr
₹617 Cr
₹1.3K Cr
₹1.3K Cr
₹1.1K Cr
₹1.1K Cr
₹1.3K Cr
₹1.3K Cr
₹1.2K Cr
—
S P Apparels Ltd · SPAL
₹180 Cr
₹180 Cr
₹176 Cr
₹154 Cr
₹118 Cr
₹118 Cr
₹112 Cr
₹112 Cr
₹134 Cr
₹134 Cr
₹74 Cr
₹73 Cr
₹265 Cr
₹265 Cr
₹346 Cr
₹346 Cr
₹356 Cr
₹356 Cr
₹346 Cr
—
Trent Ltd · TRENT
₹2.8K Cr
₹2.8K Cr
₹4.1K Cr
₹4.1K Cr
₹4.2K Cr
₹4.2K Cr
₹3.8K Cr
₹3.8K Cr
₹4.0K Cr
₹4.0K Cr
₹739 Cr
₹739 Cr
₹852 Cr
₹852 Cr
₹1.3K Cr
₹1.3K Cr
₹1.5K Cr
₹1.5K Cr
₹1.6K Cr
—
V-Mart Retail Ltd · VMART
₹559 Cr
₹559 Cr
₹748 Cr
₹746 Cr
₹1.2K Cr
₹1.2K Cr
₹1.3K Cr
₹1.3K Cr
₹1.4K Cr
₹1.4K Cr
₹1.3K Cr
₹1.3K Cr
₹1.6K Cr
₹1.6K Cr
₹721 Cr
₹721 Cr
₹772 Cr
₹772 Cr
₹904 Cr
—
V2 Retail Ltd · V2RETAIL
₹378 Cr
₹378 Cr
₹391 Cr
₹391 Cr
₹415 Cr
₹415 Cr
₹419 Cr
₹419 Cr
₹442 Cr
₹442 Cr
₹516 Cr
₹515 Cr
₹645 Cr
₹645 Cr
₹862 Cr
₹841 Cr
₹1.3K Cr
₹1.3K Cr
₹989 Cr
—
Vedant Fashions Ltd · MANYAVAR
₹32 Cr
₹32 Cr
₹-137 Cr
₹-137 Cr
₹-99 Cr
₹-99 Cr
₹-335 Cr
₹-335 Cr
₹-96 Cr
₹-96 Cr
₹-182 Cr
₹-182 Cr
₹-251 Cr
₹-251 Cr
₹-243 Cr
₹-243 Cr
₹-14 Cr
₹-14 Cr
₹-79 Cr
—
Vishal Mega Mart Ltd · VMM
—
—
—
—
—
—
—
₹1.3K Cr
—
—
₹1.4K Cr
₹714 Cr
₹675 Cr
₹675 Cr
₹920 Cr
₹878 Cr
₹526 Cr
₹526 Cr
₹274 Cr
—
06 · compare level, then change
Return On Capital Employed
Karnika Industries Ltd has the highest ROCE among the 26 Textiles - Readymade Apparel companies compared here, at 51.2%. Vedant Fashions Ltd is next at 30.7%. The same company also holds the highest ROCE change, at +15.6 percentage points. 26 of 26 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Karnika Industries Ltd leads ROCE at 51.2%, 20.5 percentage points above Vedant Fashions Ltd. Karnika Industries Ltd has the strongest latest improvement at +15.6 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderKarnika Industries Ltd · 51.2%
Gap66.8% versus #2 · Vedant Fashions Ltd
Persistence6/6 recent comparable periods
Coverage26/26 companies · 256 observations
Investor read: Karnika Industries Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Karnika Industries Ltd KARNIKA⚠ unverified51%
2Vedant Fashions Ltd MANYAVAR31%
3Trent Ltd TRENT28%
4Thomas Scott India Ltd THOMASCOTT · older report20%
5Pearl Global Industries Ltd PGIL20%
ROCE changefastest improvers
1Karnika Industries Ltd KARNIKA⚠ unverified+15.6 pp
2SBC Exports Ltd SBC⚠ unverified+9.3 pp
3V2 Retail Ltd V2RETAIL+3.8 pp
4Bella Casa Fashion & Retail Ltd BELLACASA · older report+3.0 pp
5Monte Carlo Fashions Ltd MONTECARLO⚠ unverified+2.1 pp
Return on capital · company comparison
26/26 level · 26/26 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
Withheld from this chart: Pearl Global Industries Ltd (PGIL) — its two data sources disagree by up to 16% on reported income across 14 comparable periods, so its derived ratios are withheld; Aditya Birla Fashion & Retail Ltd (ABFRL) — its two data sources disagree by up to 150% on reported income across 13 comparable periods, so its derived ratios are withheld; Lux Industries Ltd (LUXIND) — its two data sources disagree by up to 7.9% on reported income across 14 comparable periods, so its derived ratios are withheld; Kitex Garments Ltd (KITEX) — its two data sources disagree by up to 67% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| Karnika Industries Ltd KARNIKA⚠ unverified | 51% | +15.6 pp | Jun 2026 |
| SBC Exports Ltd SBC⚠ unverified | 30% | +9.3 pp | Mar 2026 |
| Trent Ltd TRENT | 27% | +2.1 pp | Mar 2026 |
| Arvind Fashions Ltd ARVINDFASN | 22% | +1.5 pp | Jun 2026 |
| V2 Retail Ltd V2RETAIL | 19% | +3.8 pp | Mar 2026 |
| Vedant Fashions Ltd MANYAVAR | 19% | −2.4 pp | Mar 2026 |
| Cantabil Retail India Ltd CANTABIL⚠ unverified | 17% | +0.3 pp | Mar 2026 |
| S P Apparels Ltd SPAL | 16% | +0.9 pp | Mar 2026 |
| Iris Clothings Ltd IRISDOREME⚠ unverified | 16% | −7.3 pp | Mar 2026 |
| Kewal Kiran Clothing Ltd KKCL | 16% | +1.0 pp | Mar 2026 |
| Sai Silks (Kalamandir) Ltd KALAMANDIR⚠ unverified | 14% | −2.0 pp | Jun 2026 |
| Monte Carlo Fashions Ltd MONTECARLO⚠ unverified | 14% | +2.1 pp | Mar 2026 |
| V-Mart Retail Ltd VMART | 14% | +2.0 pp | Jun 2026 |
| Vishal Mega Mart Ltd VMM | 14% | +1.3 pp | Jun 2026 |
| Aditya Birla Lifestyle Brands Ltd ABLBL | 12% | −0.8 pp | Mar 2026 |
| Baazar Style Retail Ltd STYLEBAAZA | 9.3% | +1.5 pp | Mar 2026 |
| Go Fashion (India) Ltd GOCOLORS⚠ unverified | 9.1% | −4.4 pp | Mar 2026 |
| Gokaldas Exports Ltd GOKEX | 5.9% | −3.1 pp | Mar 2026 |
| Raymond Lifestyle Ltd RAYMONDLSL | 2.7% | +1.3 pp | Mar 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Aditya Birla Lifestyle Brands Ltd · ABLBL
—
—
—
—
—
—
—
—
—
—
—
—
—
—
13%
12%
12%
15%
12%
—
Arvind Fashions Ltd · ARVINDFASN
-2.5%
—
-2.7%
—
11%
—
—
—
11%
20%
15%
19%
16%
20%
18%
21%
19%
21%
21%
22%
Baazar Style Retail Ltd · STYLEBAAZA
—
—
—
—
—
—
-1.8%
—
—
8.5%
10%
12%
8.5%
9.8%
7.8%
11%
12%
17%
9.3%
—
Gokaldas Exports Ltd · GOKEX
13%
—
15%
—
22%
—
19%
—
15%
14%
9.5%
15%
7.9%
15%
9.0%
15%
7.7%
11%
5.9%
—
Kewal Kiran Clothing Ltd · KKCL
12%
15%
20%
24%
26%
26%
26%
26%
25%
25%
24%
22%
16%
15%
15%
15%
15%
16%
16%
—
Raymond Lifestyle Ltd · RAYMONDLSL
—
—
—
—
—
—
—
—
—
—
7.3%
8.0%
5.2%
5.6%
1.4%
2.7%
1.4%
3.0%
2.7%
—
S P Apparels Ltd · SPAL
15%
—
16%
—
16%
—
15%
17%
14%
17%
16%
17%
14%
17%
15%
20%
18%
20%
16%
—
Trent Ltd · TRENT
3.3%
—
3.7%
—
8.6%
—
8.3%
—
10%
20%
22%
39%
26%
38%
25%
34%
27%
33%
27%
—
V-Mart Retail Ltd · VMART
3.7%
—
4.4%
—
8.9%
—
4.7%
—
-0.8%
0.6%
0.2%
2.8%
3.6%
6.1%
12%
12%
14%
14%
14%
—
V2 Retail Ltd · V2RETAIL
0.5%
—
1.0%
—
2.9%
—
2.9%
—
6.0%
11%
11%
15%
12%
21%
16%
22%
15%
26%
19%
—
Vedant Fashions Ltd · MANYAVAR
27%
—
28%
37%
35%
45%
32%
37%
29%
36%
25%
29%
24%
—
21%
—
21%
—
19%
—
Vishal Mega Mart Ltd · VMM
—
—
—
—
—
—
—
—
—
—
11%
12%
12%
13%
12%
15%
13%
16%
14%
—
ROCE change · reported quarter history
Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Aditya Birla Lifestyle Brands Ltd · ABLBL
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
−0.8 pp
—
Arvind Fashions Ltd · ARVINDFASN
—
—
—
—
+13.2 pp
—
—
—
−0.2 pp
—
—
—
+5.3 pp
+0.2 pp
+3.4 pp
+1.7 pp
+3.5 pp
+1.4 pp
+2.5 pp
+1.5 pp
Baazar Style Retail Ltd · STYLEBAAZA
—
—
—
—
—
—
—
—
—
—
+11.9 pp
—
—
+1.3 pp
−2.3 pp
−0.8 pp
+3.7 pp
+7.4 pp
+1.5 pp
—
Gokaldas Exports Ltd · GOKEX
—
—
—
—
+9.2 pp
—
+4.0 pp
—
−7.0 pp
—
−9.8 pp
—
−7.3 pp
+0.7 pp
−0.5 pp
+0.1 pp
−0.2 pp
−4.5 pp
−3.1 pp
—
Kewal Kiran Clothing Ltd · KKCL
—
—
—
—
+13.4 pp
+11.3 pp
+6.3 pp
+1.3 pp
−0.3 pp
−1.5 pp
−1.6 pp
−3.6 pp
−9.7 pp
−9.5 pp
−9.4 pp
−7.0 pp
−0.6 pp
+0.4 pp
+1.0 pp
—
Raymond Lifestyle Ltd · RAYMONDLSL
—
—
—
—
—
—
—
—
—
—
—
—
—
—
−5.9 pp
−5.3 pp
−3.8 pp
−2.6 pp
+1.3 pp
—
S P Apparels Ltd · SPAL
—
—
—
—
+1.7 pp
—
−1.2 pp
—
−2.3 pp
—
+1.1 pp
−0.1 pp
+0.2 pp
−0.2 pp
−0.4 pp
+3.0 pp
+3.5 pp
+3.6 pp
+0.9 pp
—
Trent Ltd · TRENT
—
—
—
—
+5.3 pp
—
+4.6 pp
—
+1.4 pp
—
+14.0 pp
—
+15.7 pp
+18.5 pp
+2.8 pp
−4.7 pp
+1.1 pp
−5.2 pp
+2.1 pp
—
V-Mart Retail Ltd · VMART
—
—
—
—
+5.2 pp
—
+0.3 pp
—
−9.7 pp
—
−4.5 pp
—
+4.4 pp
+5.5 pp
+11.5 pp
+9.2 pp
+10.3 pp
+7.8 pp
+2.0 pp
—
V2 Retail Ltd · V2RETAIL
—
—
—
—
+2.4 pp
—
+1.9 pp
—
+3.1 pp
—
+7.6 pp
—
+5.9 pp
+10.3 pp
+5.0 pp
+6.5 pp
+3.0 pp
+4.9 pp
+3.8 pp
—
Vedant Fashions Ltd · MANYAVAR
—
—
—
—
+7.9 pp
—
+3.9 pp
−0.1 pp
−5.7 pp
−8.5 pp
−7.6 pp
−8.8 pp
−4.9 pp
—
−3.6 pp
—
−2.9 pp
—
−2.4 pp
—
Vishal Mega Mart Ltd · VMM
—
—
—
—
—
—
—
—
—
—
—
—
—
—
+1.3 pp
+3.2 pp
+1.4 pp
+3.0 pp
+1.3 pp
—
07 · compare level, then change
Valuation Against Growth & Quality
Kewal Kiran Clothing Ltd has the lowest Guarded PEG among the 26 Textiles - Readymade Apparel companies compared here, at 0.59×. S P Apparels Ltd is next at 0.69×. Credo Brands Marketing Ltd has the lowest P/E at 7.84×, so level and change sit with different companies. 9 of 26 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Kewal Kiran Clothing Ltd has the lowest comparable Guarded PEG at 0.59×, 14.5% below S P Apparels Ltd. Only 9 of 26 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderKewal Kiran Clothing Ltd · 0.59×
Gap14.5% versus #2 · S P Apparels Ltd
Persistence0/8 recent comparable periods
Coverage9/26 companies · 40 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Kewal Kiran Clothing Ltd KKCL0.6
2S P Apparels Ltd SPAL0.7
3Aditya Birla Lifestyle Brands Ltd ABLBL1.4
4Vedant Fashions Ltd MANYAVAR1.6
5Arvind Fashions Ltd ARVINDFASN2.0
P/Elowest P/E
1Credo Brands Marketing Ltd MUFTI · older report7.8
2Sai Silks (Kalamandir) Ltd KALAMANDIR⚠ unverified9.9
3Monte Carlo Fashions Ltd MONTECARLO⚠ unverified9.9
4Bella Casa Fashion & Retail Ltd BELLACASA · older report16.6
5Cantabil Retail India Ltd CANTABIL⚠ unverified21.0
Valuation · company comparison
9/26 level · 25/26 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Guarded PEG | P/E | Reported |
|---|---|---|---|
| Trent Ltd TRENT | 6.6 | 72.9 | Mar 2026 |
| Vishal Mega Mart Ltd VMM | 5.4 | 64.7 | Jun 2026 |
| Gokaldas Exports Ltd GOKEX | 5.0 | 36.5 | Mar 2026 |
| V-Mart Retail Ltd VMART | 2.5 | 48.4 | Jun 2026 |
| Arvind Fashions Ltd ARVINDFASN | 2.0 | 46.7 | Jun 2026 |
| Vedant Fashions Ltd MANYAVAR | 1.6 | 21.1 | Mar 2026 |
| Aditya Birla Lifestyle Brands Ltd ABLBL | 1.4 | 63.0 | Mar 2026 |
| S P Apparels Ltd SPAL | 0.7 | 15.5 | Mar 2026 |
| Kewal Kiran Clothing Ltd KKCL | 0.6 | 19.0 | Mar 2026 |
| Pearl Global Industries Ltd PGIL | — | 24.6 | Mar 2026 |
| V2 Retail Ltd V2RETAIL | — | 54.0 | Mar 2026 |
| Aditya Birla Fashion & Retail Ltd ABFRL | — | 32.7 | Mar 2026 |
| Raymond Lifestyle Ltd RAYMONDLSL | — | 48.6 | Mar 2026 |
| Lux Industries Ltd LUXIND | — | 23.5 | Mar 2026 |
| Kitex Garments Ltd KITEX | — | 77.0 | Mar 2026 |
| Baazar Style Retail Ltd STYLEBAAZA | — | 83.8 | Mar 2026 |
| Cantabil Retail India Ltd CANTABIL⚠ unverified | — | 21.3 | Mar 2026 |
| SBC Exports Ltd SBC⚠ unverified | — | 49.2 | Mar 2026 |
| Go Fashion (India) Ltd GOCOLORS⚠ unverified | — | 19.5 | Mar 2026 |
| Sai Silks (Kalamandir) Ltd KALAMANDIR⚠ unverified | — | 12.0 | Jun 2026 |
| Monte Carlo Fashions Ltd MONTECARLO⚠ unverified | — | 10.5 | Mar 2026 |
| Iris Clothings Ltd IRISDOREME⚠ unverified | — | 37.1 | Mar 2026 |
| Karnika Industries Ltd KARNIKA⚠ unverified | — | 28.4 | Jun 2026 |
| Credo Brands Marketing Ltd MUFTI | — | 10.1 | Sep 2025 |
| Thomas Scott India Ltd THOMASCOTT | — | 29.0 | Dec 2025 |
| Bella Casa Fashion & Retail Ltd BELLACASA | — | 26.1 | Dec 2025 |
Full 20-quarter history · every available company
Guarded PEG · reported quarter history
Aditya Birla Lifestyle Brands Ltd · ABLBL
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1.4
—
Arvind Fashions Ltd · ARVINDFASN
—
—
—
—
—
6.8
—
—
9.7
10.2
—
2.0
—
—
—
—
—
—
—
—
Gokaldas Exports Ltd · GOKEX
—
—
—
—
—
0.5
—
—
—
—
—
—
—
—
—
—
1.4
5.0
—
—
Kewal Kiran Clothing Ltd · KKCL
—
—
—
—
—
1.1
—
0.8
0.9
1.4
1.5
0.8
2.5
—
—
—
—
0.6
—
—
S P Apparels Ltd · SPAL
—
—
—
—
—
—
—
—
—
—
—
2.0
0.9
2.4
1.4
4.1
—
—
0.7
—
Trent Ltd · TRENT
—
—
—
—
—
—
—
—
4.9
—
—
—
5.0
—
—
2.5
9.4
—
6.6
—
V-Mart Retail Ltd · VMART
—
60.1
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
2.5
—
—
Vedant Fashions Ltd · MANYAVAR
—
—
—
—
3.1
4.6
—
—
5.8
15.4
9.5
—
—
—
—
3.9
—
—
1.6
—
Vishal Mega Mart Ltd · VMM
—
—
—
—
—
—
—
—
—
—
—
—
—
3.9
—
4.0
2.1
5.4
—
—
P/E · reported quarter history
Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Aditya Birla Fashion & Retail Ltd · ABFRL
—
—
—
—
34.5
26.0
36.7
32.7
—
—
—
—
—
—
—
—
—
—
—
—
Aditya Birla Lifestyle Brands Ltd · ABLBL
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
299.7
111.0
100.5
63.0
—
Arvind Fashions Ltd · ARVINDFASN
—
-9.6
-14.1
—
173.8
185.0
131.9
119.6
183.3
185.6
121.2
110.4
99.1
80.2
59.9
75.2
-428.3
-380.1
44.0
46.7
Gokaldas Exports Ltd · GOKEX
29.3
29.1
27.6
16.6
12.2
12.7
11.8
17.4
28.5
34.8
32.0
44.2
49.6
56.0
37.0
39.9
30.7
36.8
36.5
—
Lux Industries Ltd · LUXIND
32.0
30.5
18.0
15.4
16.2
18.4
18.9
31.9
41.5
37.9
30.7
32.9
41.9
36.2
23.9
26.4
25.4
26.3
23.5
—
Pearl Global Industries Ltd · PGIL
22.0
22.2
17.8
13.7
9.8
8.5
7.2
10.5
15.3
17.7
14.9
18.3
20.1
29.6
27.7
37.5
24.7
30.7
24.6
—
Raymond Lifestyle Ltd · RAYMONDLSL
—
—
—
—
—
—
—
—
—
—
—
—
34.6
40.2
—
114.5
80.2
77.4
48.6
—
Trent Ltd · TRENT
528.5
473.3
287.0
346.0
135.2
128.5
125.0
180.7
151.1
172.0
167.3
213.0
220.3
184.9
126.9
147.8
105.0
93.9
72.9
—
V-Mart Retail Ltd · VMART
—
577.0
527.3
425.1
91.4
88.3
161.4
159.9
—
-41.8
—
-92.2
—
-668.3
125.9
214.7
108.1
58.1
33.0
48.4
V2 Retail Ltd · V2RETAIL
—
-44.8
—
—
—
-24.3
—
-121.6
—
500.7
89.8
96.5
117.4
135.6
85.9
85.7
81.3
82.9
54.0
—
Vedant Fashions Ltd · MANYAVAR
—
—
89.5
94.6
92.3
84.0
67.6
70.1
77.3
77.0
55.2
61.6
85.3
75.4
46.8
48.5
42.4
34.9
21.1
—
Vishal Mega Mart Ltd · VMM
—
—
—
—
—
—
—
—
—
—
—
—
—
105.1
103.2
133.3
95.3
85.2
62.9
64.7
08 · compare level, then change
Enterprise Value & Book Value
Credo Brands Marketing Ltd has the lowest EV/EBITDA among the 26 Textiles - Readymade Apparel companies compared here, at 4.8×. Go Fashion (India) Ltd is next at 6.2×. Raymond Lifestyle Ltd has the lowest P/BV at 0.45×, so level and change sit with different companies. 26 of 26 companies report a comparable reading, the latest through Sep 2025.
What the numbers say: Credo Brands Marketing Ltd leads ev/ebitda at 4.8×; Raymond Lifestyle Ltd leads p/bv at 0.45×.
LeaderCredo Brands Marketing Ltd · 4.8×
Gap22.6% versus #2 · Go Fashion (India) Ltd
Persistence0/7 recent comparable periods
Coverage26/26 companies · 414 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.
EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Credo Brands Marketing Ltd MUFTI · older report4.8
2Go Fashion (India) Ltd GOCOLORS⚠ unverified6.2
3Sai Silks (Kalamandir) Ltd KALAMANDIR⚠ unverified6.4
4Monte Carlo Fashions Ltd MONTECARLO⚠ unverified6.9
5S P Apparels Ltd SPAL8.8
P/BVlowest P/BV
1Raymond Lifestyle Ltd RAYMONDLSL0.5
2Sai Silks (Kalamandir) Ltd KALAMANDIR⚠ unverified1.1
3Aditya Birla Fashion & Retail Ltd ABFRL1.2
4Monte Carlo Fashions Ltd MONTECARLO⚠ unverified1.2
5Credo Brands Marketing Ltd MUFTI · older report1.3
Enterprise and book valuation · company comparison
26/26 level · 26/26 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | EV/EBITDA | P/BV | Reported |
|---|---|---|---|
| Kitex Garments Ltd KITEX | 40.6 | 2.9 | Mar 2026 |
| SBC Exports Ltd SBC⚠ unverified | 40.0 | 20.9 | Mar 2026 |
| Trent Ltd TRENT | 34.4 | 19.8 | Mar 2026 |
| Vishal Mega Mart Ltd VMM | 28.3 | 7.3 | Jun 2026 |
| Iris Clothings Ltd IRISDOREME⚠ unverified | 20.9 | 4.0 | Mar 2026 |
| V2 Retail Ltd V2RETAIL | 20.6 | 18.6 | Mar 2026 |
| Thomas Scott India Ltd THOMASCOTT | 19.2 | 3.9 | Dec 2025 |
| Karnika Industries Ltd KARNIKA⚠ unverified | 18.9 | 8.2 | Jun 2026 |
| Bella Casa Fashion & Retail Ltd BELLACASA | 15.8 | 3.1 | Dec 2025 |
| Lux Industries Ltd LUXIND | 14.8 | 1.5 | Mar 2026 |
| Pearl Global Industries Ltd PGIL | 13.9 | 5.0 | Mar 2026 |
| V-Mart Retail Ltd VMART | 12.9 | 6.9 | Jun 2026 |
| Aditya Birla Fashion & Retail Ltd ABFRL | 12.6 | 1.1 | Mar 2026 |
| Vedant Fashions Ltd MANYAVAR | 12.2 | 5.6 | Mar 2026 |
| Gokaldas Exports Ltd GOKEX | 11.9 | 2.0 | Mar 2026 |
| Baazar Style Retail Ltd STYLEBAAZA | 11.1 | 4.7 | Mar 2026 |
| Kewal Kiran Clothing Ltd KKCL | 10.3 | 2.9 | Mar 2026 |
| Aditya Birla Lifestyle Brands Ltd ABLBL | 10.2 | 8.2 | Mar 2026 |
| Arvind Fashions Ltd ARVINDFASN | 10.1 | 6.6 | Jun 2026 |
| Cantabil Retail India Ltd CANTABIL⚠ unverified | 9.4 | 4.6 | Mar 2026 |
| Raymond Lifestyle Ltd RAYMONDLSL | 9.3 | 0.5 | Mar 2026 |
| S P Apparels Ltd SPAL | 8.8 | 2.0 | Mar 2026 |
| Monte Carlo Fashions Ltd MONTECARLO⚠ unverified | 6.9 | 1.2 | Mar 2026 |
| Sai Silks (Kalamandir) Ltd KALAMANDIR⚠ unverified | 6.4 | 1.5 | Jun 2026 |
| Go Fashion (India) Ltd GOCOLORS⚠ unverified | 6.2 | 1.9 | Mar 2026 |
| Credo Brands Marketing Ltd MUFTI | 4.8 | 1.7 | Sep 2025 |
Full 20-quarter history · every available company
EV/EBITDA · reported quarter history
Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Aditya Birla Fashion & Retail Ltd · ABFRL
16.2
14.7
12.8
9.4
8.8
7.3
6.3
6.9
8.9
12.3
11.1
12.0
18.7
21.9
31.7
21.2
16.2
15.8
12.6
—
Aditya Birla Lifestyle Brands Ltd · ABLBL
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
17.0
15.1
14.6
10.2
—
Arvind Fashions Ltd · ARVINDFASN
41.7
28.2
38.6
27.6
14.4
12.9
10.1
11.5
10.9
13.2
13.7
14.6
15.8
13.4
9.8
11.7
12.0
11.7
8.7
10.1
Gokaldas Exports Ltd · GOKEX
11.3
18.0
16.9
12.1
8.2
8.1
7.8
10.5
16.4
18.7
16.9
24.0
25.6
25.9
16.9
16.9
13.2
14.4
11.9
—
Lux Industries Ltd · LUXIND
25.6
23.7
13.5
10.6
11.8
13.1
12.8
20.7
25.1
22.9
18.9
21.0
26.8
23.7
16.0
17.1
16.6
17.2
14.8
—
Pearl Global Industries Ltd · PGIL
8.3
9.3
8.5
6.8
6.0
5.2
5.2
6.8
8.3
9.3
8.2
10.3
11.8
17.6
16.5
20.5
13.8
17.1
13.9
—
Raymond Lifestyle Ltd · RAYMONDLSL
—
—
—
—
—
—
—
—
—
—
—
—
20.2
15.4
9.6
14.3
13.5
12.0
9.3
—
Trent Ltd · TRENT
95.4
64.2
63.8
55.5
48.4
43.4
41.4
51.1
52.4
66.0
71.0
88.6
107.5
93.0
65.2
72.1
51.8
45.5
34.4
—
V-Mart Retail Ltd · VMART
47.2
47.7
39.8
25.0
21.8
20.0
16.8
18.5
21.3
28.0
25.8
30.3
32.7
28.7
20.2
21.0
15.6
14.8
9.6
12.9
V2 Retail Ltd · V2RETAIL
10.6
11.1
10.6
9.2
8.5
9.1
7.5
9.3
9.4
12.8
13.7
19.9
28.2
33.2
27.8
25.2
24.9
28.8
20.6
—
Vedant Fashions Ltd · MANYAVAR
—
—
76.6
81.5
54.8
50.1
40.8
42.7
46.6
45.3
32.2
35.5
47.5
42.1
26.3
27.2
23.9
19.8
12.2
—
Vishal Mega Mart Ltd · VMM
—
—
—
—
—
—
—
—
—
—
—
—
—
37.8
38.0
50.2
40.5
36.4
27.0
28.3
P/BV · reported quarter history
Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Aditya Birla Fashion & Retail Ltd · ABFRL
2.5
3.5
3.8
2.7
3.2
2.7
2.6
2.5
2.1
2.6
2.4
3.1
3.1
2.6
2.4
1.8
1.5
1.5
1.1
—
Aditya Birla Lifestyle Brands Ltd · ABLBL
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
15.0
12.4
11.9
8.2
—
Arvind Fashions Ltd · ARVINDFASN
5.5
4.8
5.0
5.4
5.5
5.9
4.9
6.3
4.8
6.0
6.7
7.5
7.9
6.7
4.9
6.4
7.2
7.0
5.1
6.6
Gokaldas Exports Ltd · GOKEX
2.9
4.4
7.6
5.1
2.8
3.0
3.0
4.0
5.2
5.2
4.5
6.4
4.8
4.0
3.0
4.3
2.5
2.6
2.0
—
Lux Industries Ltd · LUXIND
9.2
9.5
5.8
4.4
3.8
3.5
2.7
3.5
3.1
2.6
2.2
2.9
3.9
3.5
2.5
2.8
2.3
1.9
1.5
—
Pearl Global Industries Ltd · PGIL
1.2
1.4
1.7
1.6
1.6
1.4
1.5
2.3
3.0
3.8
3.2
4.4
4.7
6.1
5.7
8.1
5.1
5.7
5.0
—
Raymond Lifestyle Ltd · RAYMONDLSL
—
—
—
—
—
—
—
—
—
—
—
—
1.5
1.3
0.7
0.8
0.8
0.6
0.5
—
Trent Ltd · TRENT
15.2
16.8
19.9
15.9
21.2
20.1
20.7
24.2
28.5
37.3
48.2
47.9
68.5
54.1
40.5
39.2
30.4
25.0
19.8
—
V-Mart Retail Ltd · VMART
8.4
9.3
9.4
5.9
6.5
6.5
5.0
5.1
4.6
5.2
5.6
6.8
10.6
10.8
8.2
9.1
7.1
6.9
4.6
6.9
V2 Retail Ltd · V2RETAIL
1.9
2.2
1.9
1.4
1.5
1.4
0.9
1.8
2.3
4.2
5.9
10.7
16.1
19.5
20.6
22.4
18.8
21.3
18.6
—
Vedant Fashions Ltd · MANYAVAR
—
—
21.7
22.1
30.1
28.6
25.5
27.8
23.2
23.2
16.9
18.2
20.5
19.9
12.3
12.8
11.2
9.2
5.6
—
Vishal Mega Mart Ltd · VMM
—
—
—
—
—
—
—
—
—
—
—
—
—
8.1
7.5
9.7
10.3
9.2
7.2
7.3
09 · let price answer last
Market action
SBC Exports Ltd has the strongest one-year price move in Textiles - Readymade Apparel at +154.6%. It also leads on Mansfield relative strength against NIFTY at +43.2%. 8 of 26 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.
Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength
Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.
Before the conclusion · check the blind spots
What can make this comparison misleading?
This Textiles - Readymade Apparel comparison names 7 specific ways its own evidence can mislead, all listed below. 3 of the 26 companies report on an older date than the sector's freshest reporters, so their ranks are marked stale. 7 draw at least one figure from a second feed with too little overlap to cross-check.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 3 companies have older fundamental reporting dates than the sector’s freshest reporters; their ranks carry a stale marker.
- 7 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
- 4 companies are missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
10 · the complete set
Which companies are included?
All 26 companies in the canonical Textiles - Readymade Apparel membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. 2 of these are no longer being priced, so their price and relative strength are frozen at the last traded week shown.
AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.
| Company | Market value | Price | Priced to | Latest fundamentals | Source standing |
|---|---|---|---|---|---|
| Trent Ltd TRENT | ₹1.5 L Cr | ₹2,890 | 2026-07-19 | Mar 2026 | Cross-checked |
| Vishal Mega Mart Ltd VMMLAGGING, FUNDAMENTALS UP | ₹50.6K Cr | ₹108 | 2026-07-19 | Jun 2026 | Cross-checked |
| Aditya Birla Lifestyle Brands Ltd ABLBL | ₹11.5K Cr | ₹94.0 | 2026-07-19 | Mar 2026 | Cross-checked |
| Vedant Fashions Ltd MANYAVAR | ₹9.8K Cr | ₹402 | 2026-07-19 | Mar 2026 | Cross-checked |
| Pearl Global Industries Ltd PGILAHEAD19/26 WEEKS | ₹9.1K Cr | ₹1,974 | 2026-07-19 | Mar 2026 | Second feed withheld |
| V2 Retail Ltd V2RETAILAHEAD | ₹8.0K Cr | ₹219 | 2026-07-19 | Mar 2026 | Cross-checked |
| Aditya Birla Fashion & Retail Ltd ABFRL | ₹6.9K Cr | ₹56.2 | 2026-07-19 | Mar 2026 | Second feed withheld |
| Arvind Fashions Ltd ARVINDFASN | ₹6.2K Cr | ₹463 | 2026-07-19 | Jun 2026 | Cross-checked |
| Gokaldas Exports Ltd GOKEXAHEAD | ₹6.1K Cr | ₹830 | 2026-07-19 | Mar 2026 | Cross-checked |
| V-Mart Retail Ltd VMARTAHEAD | ₹5.8K Cr | ₹725 | 2026-07-19 | Jun 2026 | Cross-checked |
| Raymond Lifestyle Ltd RAYMONDLSLLAGGING, FUNDAMENTALS UP | ₹4.4K Cr | ₹715 | 2026-07-19 | Mar 2026 | Cross-checked |
| Lux Industries Ltd LUXIND | ₹3.7K Cr | ₹1,227 | 2026-07-19 | Mar 2026 | Second feed withheld |
| Kewal Kiran Clothing Ltd KKCL | ₹3.1K Cr | ₹502 | 2026-07-19 | Mar 2026 | Cross-checked |
| Kitex Garments Ltd KITEX | ₹2.9K Cr | ₹147 | 2026-07-19 | Mar 2026 | Second feed withheld |
| S P Apparels Ltd SPALAHEAD21/26 WEEKS | ₹2.5K Cr | ₹1,003 | 2026-07-19 | Mar 2026 | Cross-checked |
| Baazar Style Retail Ltd STYLEBAAZA21/26 WEEKS | ₹2.1K Cr | ₹280 | 2026-07-19 | Mar 2026 | Cross-checked |
| Cantabil Retail India Ltd CANTABIL⚠ unverified | ₹2.0K Cr | ₹240 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| SBC Exports Ltd SBCAHEAD26/26 WEEKS⚠ unverified | ₹2.0K Cr | ₹42.1 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Go Fashion (India) Ltd GOCOLORSAHEAD⚠ unverified | ₹1.7K Cr | ₹324 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Sai Silks (Kalamandir) Ltd KALAMANDIRLAGGING, FUNDAMENTALS UP⚠ unverified | ₹1.4K Cr | ₹88.4 | 2026-07-19 | Jun 2026 | Includes unverified figures |
| Monte Carlo Fashions Ltd MONTECARLO⚠ unverified | ₹1.1K Cr | ₹537 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Iris Clothings Ltd IRISDOREMEAHEAD21/26 WEEKS⚠ unverified | ₹910 Cr | ₹47.8 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Karnika Industries Ltd KARNIKA⚠ unverified | ₹700 Cr | ₹113 | 2026-07-19 | Jun 2026 | Includes unverified figures |
| Credo Brands Marketing Ltd MUFTIAHEAD | ₹542 Cr | ₹82.9 | 2026-07-19 | Sep 2025 | Primary source only |
| Thomas Scott India Ltd THOMASCOTT | ₹369 Cr | ₹251 | 2026-03-29 · not currently priced | Dec 2025 | Primary source only |
| Bella Casa Fashion & Retail Ltd BELLACASA | ₹330 Cr | ₹246 | 2026-03-29 · not currently priced | Dec 2025 | Primary source only |
How each company's sources stand: 7 of 26 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear. 4 of 26 companies have a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Pearl Global Industries Ltd (PGIL) — its two data sources disagree by up to 16% on reported income across 14 comparable periods, so its derived ratios are withheld; Aditya Birla Fashion & Retail Ltd (ABFRL) — its two data sources disagree by up to 150% on reported income across 13 comparable periods, so its derived ratios are withheld; Lux Industries Ltd (LUXIND) — its two data sources disagree by up to 7.9% on reported income across 14 comparable periods, so its derived ratios are withheld; Kitex Garments Ltd (KITEX) — its two data sources disagree by up to 67% on reported income across 14 comparable periods, so its derived ratios are withheld.
Evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 26 Textiles - Readymade Apparel companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing12 cross-checked · 10 unverified · 4 withheld, of 26 graded companies.
A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.
Questions investors ask · short, speakable answers
Textiles - Readymade Apparel company comparison FAQs
These 18 answers restate the Textiles - Readymade Apparel comparison above in question form. Every one is computed from the same 26 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.
What is the Nifty Textiles - Readymade Apparel index?
The Nifty Textiles - Readymade Apparel index tracks India's listed Textiles - Readymade Apparel companies as a single basket. This page follows the same 26 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Textiles - Readymade Apparel sector rather than to its largest constituent. Figures are as of Jun 2026.
Which are the best Textiles - Readymade Apparel stocks in India?
Ranked by this page's four-factor score, Kewal Kiran Clothing Ltd places first among 26 listed Textiles - Readymade Apparel companies, followed by Cantabil Retail India Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many Textiles - Readymade Apparel stocks are listed in India?
This comparison covers 26 listed Textiles - Readymade Apparel companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.
Which Textiles - Readymade Apparel company is the biggest?
Trent Ltd is the largest, with trailing-twelve-month revenue of ₹20,074 crore, ahead of Vishal Mega Mart Ltd at ₹13,492 crore. That covers 25 of 26 companies with comparable reporting through Mar 2026.
Which Textiles - Readymade Apparel company is growing fastest?
V2 Retail Ltd has the fastest revenue growth at 62.7% year on year, across 25 of 26 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.
Which Textiles - Readymade Apparel company has the best profit margins?
Vedant Fashions Ltd has the highest operating margin at 33.8%, from 26 of 26 comparable companies. Monte Carlo Fashions Ltd shows the biggest recent improvement, at +6.5 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Textiles - Readymade Apparel company makes the most profit?
Trent Ltd earns the most, at ₹1,721 crore of trailing-twelve-month net profit, from 25 of 26 comparable companies. Aditya Birla Lifestyle Brands Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Textiles - Readymade Apparel company earns the highest return on capital?
Karnika Industries Ltd leads on return on capital employed at 51.2%, across 26 of 26 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Textiles - Readymade Apparel stock is the cheapest?
On guarded PEG — where a LOWER number is cheaper — Kewal Kiran Clothing Ltd screens cheapest at 0.59×. Only 9 of 26 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Which Textiles - Readymade Apparel company has the strongest balance sheet?
Thomas Scott India Ltd carries the lowest comparable gross debt at ₹27 crore, from 26 of 26 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.
Which Textiles - Readymade Apparel stock has the strongest price momentum?
SBC Exports Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Textiles - Readymade Apparel company scores highest for research priority?
Kewal Kiran Clothing Ltd scores 67.2 out of 100 with 95.6% evidence confidence, from 19.8 points on growth and earnings, 19.8 on capital efficiency, 16.4 on valuation and 11.2 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Textiles - Readymade Apparel companies does this comparison cover, and over what period?
It compares 26 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Textiles - Readymade Apparel sector?
The 26 Textiles - Readymade Apparel companies on this page carry ₹2,97,763 crore of combined market value. Trent Ltd is the largest at ₹1,54,131 crore, about 52% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.
What is the Textiles - Readymade Apparel sector's P/E ratio?
The median price-to-earnings ratio across the 26 Textiles - Readymade Apparel companies on this page is 34×, measured on the 25 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.
How is the Textiles - Readymade Apparel sector performing?
8 of the 26 covered Textiles - Readymade Apparel companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.