Best Small Cap Stocks Under Rs 500 – Key Metrics & Complete List

Best Small Cap Stocks Under Rs 500: Hello, dear reader. Scrounging through your wallet, ask yourself – What can ₹500 get you today? One month subscription to a streaming service, maybe some groceries, or an opportunity to grow rich? When the average investor decides to enter the market, it is unlikely they will start with huge sums of money.

it could be due to skepticism, a little caution, and the fact that their knowledge of the markets isn’t advanced yet. Whatever may be the case, starting small is always the smart strategy. Here is a list of the best small cap stocks under Rs 500.

Best Small Cap Stocks Under Rs 500

Best Small Cap Stocks Under Rs 500 #1 – Kirloskar Ferrous Industries

CMP	₹ 430	Market Cap (Cr.)	₹ 5,980
EPS	₹ 24.1	Stock P/E	17.8
ROCE	30.1 %	ROE	34.4 %
Face Value	₹ 5.00	Book Value	₹ 106
Promoter Holding	56.7 %	Price to Book Value	4.09
Debt to Equity	0.7	Dividend Yield	1.24 %
Net Profit Margin	11.1 %	Operating Profit Margin	14.1 %

Founded in 1991, KFIL is an engineering company, involved in the manufacturing of Pig Iron and Grey Iron casts. The metal products produced by the company are used in various industries, such as farm equipment, engines, and construction machines. The company states that its products are used by some of the biggest automobile companies. 

KFIL is a small-cap engineering company, having a market cap of ₹5,980 crores. The company’s had some impressive sales in recent years, clocking in ₹3,158 crores in 9M FY 23, and net profits of ₹269 crores. The company had its most profitable year in FY 22, netting ₹406 crores from ₹3,615 crores in revenue.

Further, it has an extraordinary ROE and ROCE of 34.4 percent and 30.1 percent respectively. Speaking about the company’s debt situation, it has a low D/E ratio of 0.7. The company’s stock P/E of 17.8 is below its industry P/E of 20.9, indicating a slight underpricing of the stock.

The promoters of Kirloskar Ferrous, the Kirloskar family, own a 56.6 percent stake in the company. They have consistently been trimming their stake, from 59.3 percent in June 2020 to 56.6 percent in December 2022. KFIL is one the best performing small cap stocks under ₹500, giving a staggering 607.14 percent return in 5 years.

Best Small Cap Stocks Under Rs 500 #2 – Balrampur Chini Mills

CMP	₹ 412	Market Cap (Cr.)	₹ 8,313 Cr.
EPS	₹ 13.2	Stock P/E	30.7
ROCE	16.1 %	ROE	17.3 %
Face Value	₹ 1.00	Book Value	₹ 135
Promoter Holding	42.4 %	Price to Book Value	3.05
Debt to Equity	0.18	Dividend Yield	0.60 %
Net Profit Margin	9.60 %	Operating Profit Margin	9.84 %

At #2 on our list of best small-cap stocks under ₹500, we have sugar maker Balrampur Chini Mills. The company is one of the leading sugar and ethanol producers in the country. Besides that, they are also involved in the power and agri-inputs sectors.

Balrampur is a small-cap leading sugar stock. The company’s size is approx ₹8,313 crores in market cap. They have had record sales in the past three years, making ₹4,741 crores in FY 20, ₹4,812 crores in FY 21, and ₹4,846 crores in FY 22. While sales have been consistent, they haven’t been growing at a fast pace.

The operating profit margin of the company has also dipped, lowering net profits despite higher revenues than in previous years. FY 22’s net profits were ₹465 crores, FY 21’s profits were ₹480 crores and FY 20’s profits were ₹519 crores. This clearly shows a downward pattern in net profits. 

The stock P/E is a sky-high 30.7, versus its industry P/E of 13.9. This could either translate to an overvaluation in the market or a higher demand for the stock by investors. The company is mostly debt free, having a low and optimistic D/E ratio of 0.18. It has a very good ROE (17.3%) and ROCE (16.1%), indicating proper utilization of funds at hand.

The promoters of Balrampur, the Saraogi family, own 42.4 percent of the company, a one percent increase from September 2021. Balrampur Chini Mills is a 4X-bagger, giving a return of over 464.9 percent in a period of 5 years.

Also Read – Best Small Cap Stocks Under Rs 100 – High Risk, High Reward?

Best Small Cap Stocks Under Rs 500 #3 – Garden Reach Shipbuilders & Engineers

CMP	₹ 466	Market Cap (Cr.)	₹ 5,335 Cr.
EPS	₹ 19.2	Stock P/E	24.3
ROCE	20.5 %	ROE	15.1 %
Face Value	₹ 10.0	Book Value	₹ 119
Promoter Holding	74.5 %	Price to Book Value	3.92
Debt to Equity	0.01	Dividend Yield	1.26 %
Net Profit Margin	10.3 %	Operating Profit Margin	6.43 %

Out of all the stocks mentioned here, Garden Reach Shipbuilders is the oldest small-cap stock. The company’s origins date back to 1884, in the business of shipbuilding and repairs. The company was officially incorporated in the year 1934, well before India’s Independence. It is now a listed Government Of India Company, under the Ministry of Defence.2

Garden Reach is one of the smaller defense stocks listed in the Indian markets, sized at ₹5,335 crores. The company has logged its highest-ever revenues in 9M FY 23, at ₹1,961 crores. They have outperformed their FY 22 revenue figures while having one quarter to spare. FY 22 revenues were ₹1,758 crores and net profits were ₹190 crores.

Profits of 9M FY 23 were ₹173 crores. The company has interestingly reported significant figures under “Other Income” in the past 5 years, sometimes making up for almost two-thirds of its overall profit.

It has a comforting and elevated ROE of 15.1 percent and 20.5 percent respectively. The company is debt-free and has a D/E ratio of almost zero. Its stock P/E of 24.3 is below that of its industry P/E of 34.5. The promoters of Garden Reach – The Government Of India, are the majority holders, owning a 74.5 percent stake, with no recent stake sale or reduction. In a time frame of 5 years, Garden Reach Shipbuilders has given a return of 358.9 percent, well over tripling investors’ wealth.

Best Small Cap Stocks Under Rs 500 #4 – ELGI Equipments

CMP	₹ 473	Market Cap (Cr.)	₹ 14,976 Cr.
EPS	₹ 8.64	Stock P/E	54.7
ROCE	18.7 %	ROE	17.8 %
Face Value	₹ 1.00	Book Value	₹ 35.5
Promoter Holding	31.2 %	Price to Book Value	13.2
Debt to Equity	0.6	Dividend Yield	0.25 %
Net Profit Margin	6.70 %	Operating Profit Margin	14.0 %

ELGI is one of the larger small-cap stocks on our list, sized at ₹14,976 crores. The company has earned revenues of ₹2,205 crores in 9M FY 23, with net profits for three quarters adding up to ₹201 crores. They have improved OPMs, having outdone FY 22’s profits of ₹178 crores last year, despite higher sales (₹2,525 crores). The company’s ROE and ROCE are higher, at 17.8 percent and 18.7 percent respectively.

The P/E of Elgi Equipments (54.7) is moderately higher than its industry P/E of 39.7. The D/E ratio of 0.6 is on the safer and lower end, indicating lower debt of the company. Shareholding of the company revealed a lot of interesting highlights, such as the growing interest by FIIs in the company, and the fact that the stock is also owned by ace investor Nemish S Shah.

The promoters hold a 31.9 percent stake in the company and haven’t added or reduced their stake significantly. ELGI Equipments has given a return of 234.1 percent in 5 years, well over doubling investors’ wealth, making it a small-cap multi-bagger stock.

Best Large Cap Stocks Under Rs 1000 to Watch for Long-Term in 2023

Best Small Cap Stocks Under Rs 500 #5 – Brigade Enterprises

CMP	₹ 482	Market Cap (Cr.)	₹ 11,129 Cr.
EPS	₹ 11.0	Stock P/E	184
ROCE	6.44 %	ROE	-3.50 %
Face Value	₹ 10.0	Book Value	₹ 133
Promoter Holding	43.8 %	Price to Book Value	3.62
Debt to Equity	1.56	Dividend Yield	0.32 %
Net Profit Margin	-3.06 %	Operating Profit Margin	24.3 %

Brigade Enterprises is a small-cap real estate developer, having a market capitalization of ₹11,129 crores. For three-quarters of FY 23, the company reported a combined revenue of ₹2,601 crores and a combined net profit of ₹160 crores. This is the highest reported net profit of the company in four years (Since 2020). The real estate market took severe damage during the pandemic years and is headed for a recovery in the years to come.

For reference, FY 22 sales were ₹2,999 crores, the highest figures from the company so far. The company’s P/E of 184, is extremely high, compared to its industry P/E of 28.8. The company’s ROE (-3.5%) and ROCE (6.44%) are very low, indicating that the company’s use of capital is inefficient at the time being.

It also has a high D/E ratio of 1.5, implying that the debt has increased drastically over the years. Promoter holding of the company has reduced by almost 3 percent in the past three years. In 5 years, the company has given a return of 188 percent, almost giving a 2X return on investment.

Complete List of Small cap Stocks under Rs 500

Company	Industry	MCap(Cr)	Current Price (Rs)	PE Ratio TTM
Elgi Equipments Ltd.	Compressors, Pumps	₹14,908.98	₹473.00	54.75
Suven Pharmaceuticals Ltd.	Pharmaceuticals & Drugs	₹12,040.92	₹472.75	31.75
KEC International Ltd.	Engineering - Construction	₹11,661.53	₹453.60	54.01
Asahi India Glass Ltd.	Glass	₹11,606.33	₹480.40	27.54
Brigade Enterprises Ltd.	Construction - Real Estate	₹11,485.82	₹497.10	45.04
BSE Ltd.	Finance - Others	₹6,753.25	₹499.25	33.11
Cochin Shipyard Ltd.	Ship Building	₹6,569.13	₹499.40	12.17
Glenmark Life Sciences Ltd.	Pharmaceuticals & Drugs	₹5,683.42	₹463.85	13.55
Garden Reach Shipbuilders & Engineers Ltd.	Ship Building	₹5,224.14	₹456.05	23.74
GHCL Ltd.	Chemicals	₹4,666.98	₹488.25	3.99
Sobha Ltd.	Construction - Real Estate	₹4,363.86	₹460.45	48.69
ISGEC Heavy Engineering Ltd.	Engineering - Construction	₹3,642.28	₹495.35	24.61
Newgen Software Technologies Ltd.	IT - Software	₹3,470.15	₹499.00	22.51
Gravita India Ltd.	Metal - Non Ferrous	₹3,447.06	₹499.20	19.29
TCNS Clothing Co. Ltd.	Textile	₹2,868.30	₹464.70	601.32
Dodla Dairy Ltd	Consumer Food	₹2,845.54	₹478.00	20.28
Shivalik Bimetal Controls Ltd.	Metal - Non Ferrous	₹2,812.81	₹488.30	39.03
Kewal Kiran Clothing Ltd.	Textile	₹2,784.84	₹451.90	24.8
Wonderla Holidays Ltd.	Amusement Parks, Recreation, Club	₹2,558.17	₹452.30	20.91
Siyaram Silk Mills Ltd.	Textile - Weaving	₹2,260.78	₹482.00	9.22
Andhra Paper Ltd.	Paper & Paper Products	₹1,792.63	₹450.75	4.21
KPI Green Energy Ltd.	Engineering - Industrial Equipments	₹1,770.20	₹488.00	20.1
IG Petrochemicals Ltd.	Chemicals	₹1,477.07	₹484.60	6.34
Krishana Phoschem Ltd.	Fertilizers	₹1,454.80	₹470.60	54.41
EIH Associated Hotels Ltd.	Hotel, Resort & Restaurants	₹1,421.34	₹465.45	117.78
Insecticides (India) Ltd.	Pesticides & Agrochemicals	₹1,410.63	₹476.90	12.29
Goodluck India Ltd.	Steel & Iron Products	₹1,243.16	₹456.60	14.79
Infobeans Technologies Ltd.	IT - Software	₹1,148.76	₹474.00	23.61
Steelcast Ltd.	Castings,Forgings	₹1,006.64	₹497.35	16.61

In Closing

Investors have always been fascinated by small-cap stocks. They have immense potential and it is much more viable for small companies to double in growth than large companies, which has saturated by growth and market share in a particular business sector. But at the same time, small-cap stocks carry immense risk, capable of decimating complete investor wealth. Finding a stock, that is balanced between the two, is a skill that takes knowledge and perseverance. Happy Investing!

Stay updated on the latest Stock Market News and Corporate Actions NSE with Trade Brains Portal, while also keeping an eye on the Top Gainers Today in NSE with our Stock Heatmap feature.

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Best Textile Stocks in India 2023 – Industry Overview & Complete List

Best Textile Stocks in India: If we take a look at the Indian textile industry it goes without saying that the country has a special place in history. Indian textiles and its early cotton industry have always been major sources of attraction for the West after spices.

If we take a look at the industry today, we are still set apart from the rest of the world making it an attractive investment opportunity that prospective investors cannot afford to overlook. In this article, we take a look at the Indian textile industry and also look into the Best Textile Stocks in India. Keep reading to find out!

Textile Industry Overview

The Indian textile industry is a multi-billion dollar industry that provides employment to 4.5 crores across the country. This makes it the 2nd largest employer in the country industry-wise. The Indian textile industry has a huge demand domestically.

In addition to this, the demand from other countries for exports has also increased significantly over the years. This is because several brands also look to India as a cost-effective manufacturing hub for their products.

The industry contributed 2% to the Indian GDP prior to the pandemic in the year 2018-19. In addition to this, the industry also contributed 12% to earnings from exports and 5% to the global trade in textiles and apparel for the same period. 

The textile industry was one of the hardest-hit industries during the pandemic. This was mainly because the industry did not have any alternative as workers were forced into a lockdown. In addition to this, the demand for many of their clients who were retailers also dropped drastically.

Despite the multitude of issues that the textile industry faced during the pandemic they found a silver lining and adapted when it came to manufacturing covid essentials. Today India is the 2nd largest manufacturer of PPE in the world.

The Indian apparel market was worth $55 billion as of 2020 and is expected to grow at a CAGR of 10% to be worth $190 billion by 2025.

QUICK READ – Best Chemical Sector Stocks in India

Best Textile Stocks in India

Now that we’ve understood the billion-dollar industry let us go through the Best Textile Sector Stocks in India. 

Best Textile Stocks in India #1 – Trident Limited

Trident Ltd. was founded in 1990 and is part of the Trident group. In just 3 decades the group has evolved to be worth over three billion dollars. The company is a leading manufacturer of yarn and bath & bed linen. In addition to this, the company is also engaged in the manufacture of Wheat Straw-based Paper, Chemicals, and Captive Power.

When it comes to its textiles business trident is the largest manufacturer of terry towels in the world. The company is also the 2nd largest player in home textiles and the 3rd largest yarn manufacturer in India.

Trident Ltd. has several plans to further expand its business. The company has undertaken projects worth RS. 1,140 crores. This is to increase their yarn, sheeting, and power generation capacities.

The company has also shown consistent efforts towards the reduction of net debt from Rs 2,436 Cr as of March 31, 2019, to Rs 1,618 Cr as of March 31, 2022. The company has a debt-equity ratio of 0.41. Its MCap currently stands at 15,863 Cr

CMP	31.1	Market Cap (Cr.)	₹ 15,863.71
EPS	0.97	Stock P/E	32.23
ROCE	23.4 %	ROE	23.25 %
Face Value	₹ 1.00	Current Ratio	1.27
Promoter Holding	73.19 %	Price to Book Value	4.01
Debt to Equity	0.41	Dividend Yield	0.68 %
Net Profit Margin	11.91%	EV/EBIDTA	11.00%

Best Textile Stocks in India #2 – Welspun India Limited

Founded in 1985, Welspun India Ltd. is one of the largest home textiles manufacturers in the world. The company’s product portfolio includes towels, bathrobe sheets, bedding, carpets, etc. Unlike other companies on this list, Welspun earns most of its revenue from exports.

As much as 84% of its revenue comes from exports. Out of this USA makes up for 67% of the company’s revenues and Europe makes up 17%. India makes up only 7% of the company’s revenues. Welspun India supplies its products to 17 of the top retailers around the world. These include retail chains like Walmart, Costco, Kohls’s, Ikea, and Bed Bath & Beyond. 

The company has a low debt-equity ratio of 0.80 and its current Mcap stands at Rs. 8,602.04Cr.

CMP	₹ 87.65	Market Cap (Cr.)	₹ 8,602.04Cr.
EPS	₹ 2.01	Stock P/E	43.26
ROCE	14.72 %	ROE	15.93 %
Face Value	₹ 1.00	Current Ratio	1.37
Promoter Holding	70.36 %	Price to Book Value	2.17
Debt to Equity	0.80	Dividend Yield	0.17 %
Net Profit Margin	6.51%	EV/EBIDTA	6.64%

Best Textile Stocks in India #3 – Lux Industries Limited

Lux Industries could be one of the most well-known companies on this list thanks to its advertising efforts. Founded in 1957, Lux Industries is engaged in the hosiery business. The company has a portfolio of over 100 products across 16 brands. Its brands include Lux Cozi, ONN, Genx, Lyra, and One8 among various others. 

The company is known to spend a lot on its advertisements as many top Bollywood stars are often featured. Its current brand ambassadors include the likes of Kartik Aryan, Shah Rukh Khan, Katrina Kaif, and Amitabh Bachchan. 

The company has shown positive signs with increasing revenues from Rs. 1077 crores in 2018 to Rs. 2295 crores in 2022. Its profits have also increased accordingly from Rs. 77 crores to Rs. 338 crores for the same period. The company maintains a low debt-equity ratio of 0.25 with a Mcap of Rs. 4,092.91 crores.

CMP	₹ 1,367.6	Market Cap (Cr.)	₹ 4,092.91 Cr.
EPS	₹ 61.38	Stock P/E	22.19
ROCE	34.09 %	ROE	29.21 %
Face Value	₹ 2.00	Current Ratio	2.54
Promoter Holding	74.19 %	Price to Book Value	2.89
Debt to Equity	0.25	Dividend Yield	0.55 %
Net Profit Margin	14.72%	EV/EBIDTA	12.74%

Best Textile Stocks in India #4 – Vardhman Textiles

Vardhman Textiles is engaged in the business of manufacturing Yarn, Fabric Acrylic Fiber, and garments with a presence in over 75 countries. The product range includes specialty yarns, dyed yarns, acrylic, fancy and hand-knitting yarns, and grey yarns.

The company also produces apparel that is also exported to the USA, Europe, and countries in Asia. Their clients include the likes of GAP, H&M, Walmart, Calvin Klein, and Tommy Hilfiger among many others.  Exports make up 39% of their revenues. The company is one of the largest players in the domestic acrylic market and also one of the largest spinners accounting for 2% of the total in the country.

The shares of the company are available at a lower PE in comparison to the rest of the industry. In addition to this, the company has a low debt-to-equity ratio of 0.26. The company currently has a Mcap of Rs. 9,010.74 Cr.

CMP	₹ 315.5	Market Cap (Cr.)	₹ 9,010.74Cr.
EPS	₹ 33.15	Stock P/E	9.37
ROCE	23.74%	ROE	21.93 %
Face Value	₹ 2.00	Current Ratio	3.22
Promoter Holding	63.85 %	Price to Book Value	1.08
Debt to Equity	0.26	Dividend Yield	1.56 %
Net Profit Margin	16.12%	EV/EBIDTA	6.59%

List Of Top 100 Textile Stocks in India

No	Company	Industry	MCap(Cr)	Current Price (Rs)	PE Ratio TTM
1	Page Industries Ltd.	Textile	₹45,386.51	₹40,691.25	66.41
2	Vedant Fashions Ltd.	Textile	₹30,536.87	₹1,253.20	74.40
3	K.P.R. Mill Ltd.	Textile	₹20,678.04	₹604.95	25.08
4	Trident Ltd.	Textile - Spinning	₹15,863.71	₹31.13	32.23
5	Raymond Ltd.	Textile - Weaving	₹11,433.04	₹1,717.35	19.12
6	Lakshmi Machine Works Ltd.	Textile - Machinery	₹11,259.56	₹10,541.05	30.22
7	Vardhman Textiles Ltd.	Textile	₹9,010.74	₹310.80	9.37
8	Welspun India Ltd.	Textile	₹8,602.04	₹87.06	43.26
9	Jindal Worldwide Ltd.	Textile	₹7,194.67	₹358.80	58.16
10	Alok Industries Ltd.	Textile	₹6,325.72	₹12.74	0.00
11	Garware Technical Fibres Ltd.	Textile	₹5,955.42	₹2,927.05	35.84
12	Swan Energy Ltd.	Textile	₹5,620.11	₹212.05	0.00
13	PDS Ltd.	Textile	₹4,801.77	₹366.75	16.82
14	Lux Industries Ltd.	Textile	₹4,092.91	₹1,362.05	22.19
15	TCNS Clothing Co. Ltd.	Textile	₹2,885.89	₹467.55	605.01
16	Kewal Kiran Clothing Ltd.	Textile	₹2,830.44	₹463.55	25.44
17	Raj Rayon Industries Ltd.	Textile - Manmade Fibres	₹2,718.13	₹48.88	0.00
18	Arvind Ltd.	Textile	₹2,646.09	₹101.19	6.76
19	Indo Count Industries Ltd.	Textile	₹2,636.10	₹133.50	9.90
20	Siyaram Silk Mills Ltd.	Textile - Weaving	₹2,322.88	₹493.85	9.45
21	Ganesha Ecosphere Ltd.	Textile - Manmade Fibres	₹2,202.70	₹1,010.00	22.45
22	Mayur Uniquoters Ltd.	Textile	₹2,197.63	₹500.00	20.78
23	Gokaldas Exports Ltd.	Textile	₹2,181.11	₹361.50	11.73
24	Dollar Industries Ltd.	Textile	₹1,976.27	₹347.75	22.30
25	Rupa & Company Ltd.	Textile	₹1,915.75	₹240.95	22.77
26	Bombay Dyeing And Manufacturing Company Ltd.	Textile	₹1,831.34	₹88.67	0.00
27	Filatex India Ltd.	Textile - Spinning	₹1,610.35	₹36.35	18.95
28	Axita Cotton Ltd.	Textile	₹1,597.84	₹81.29	109.91
29	Cantabil Retail India Ltd.	Textile	₹1,597.17	₹978.20	27.31
30	Monte Carlo Fashions Ltd.	Textile	₹1,460.68	₹697.10	11.52
31	Nitin Spinners Ltd.	Textile - Spinning	₹1,387.23	₹246.75	6.55
32	Sangam (India) Ltd.	Textile	₹1,203.64	₹267.20	7.79
33	Indo Rama Synthetics (India) Ltd.	Textile - Manmade Fibres	₹1,187.02	₹45.50	14.68
34	Kitex Garments Ltd.	Textile	₹1,061.67	₹160.75	10.86
35	Jaybharat Textiles & Real Estate Ltd.	Textile - Spinning	₹1,058.55	₹27.65	0.00
36	Nahar Spinning Mills Ltd.	Textile - Spinning	₹1,024.80	₹284.15	4.92
37	Pearl Global Industries Ltd.	Textile	₹943.79	₹435.10	7.85
38	S.P. Apparels Ltd.	Textile	₹940.35	₹376.20	10.83
39	Sportking India Ltd.	Textile	₹882.26	₹694.30	4.30
40	Century Enka Ltd.	Textile	₹874.57	₹400.25	6.96
41	Ambika Cotton Mills Ltd.	Textile - Spinning	₹871.32	₹1,521.95	6.20
42	RSWM Ltd.	Textile	₹857.72	₹182.10	4.49
43	Faze Three Ltd.	Textile	₹847.64	₹349.00	14.33
44	Sutlej Textiles And Industries Ltd.	Textile - Spinning	₹819.96	₹49.91	7.25
45	Himatsingka Seide Ltd.	Textile	₹816.01	₹82.88	0.00
46	Binny Ltd.	Textile	₹709.76	₹318.00	179.60
47	Gloster Ltd.	Textile	₹680.94	₹621.00	11.96
48	Cheviot Company Ltd.	Textile	₹676.15	₹1,123.75	12.11
49	The Ruby Mills Ltd.	Textile	₹605.26	₹181.00	13.77
50	Rajapalayam Mills Ltd.	Textile - Spinning	₹587.00	₹639.00	8.70
51	Iris Clothings Ltd.	Textile	₹580.29	₹355.70	68.19
52	SEL Manufacturing Company Ltd.	Textile	₹573.23	₹173.00	0.00
53	Donear Industries Ltd.	Textile	₹567.16	₹109.07	14.83
54	Banswara Syntex Ltd.	Textile - Manmade Fibres	₹551.82	₹161.05	5.37
55	Stovec Industries Ltd.	Textile - Machinery	₹488.05	₹2,337.40	14.52
56	Voith Paper Fabrics India Ltd.	Textile	₹462.21	₹1,052.25	16.15
57	Baroda Rayon Corporation Ltd.	Textile	₹461.21	₹201.30	0.76
58	SBC Exports Ltd.	Textile	₹447.20	₹21.15	57.86
59	Nahar Industrial Enterprises Ltd.	Textile - Spinning	₹440.22	₹110.06	4.24
60	NIBE Ltd.	Textile - Weaving	₹428.60	₹361.40	78.08
61	Vardhman Acrylics Ltd.	Textile - Manmade Fibres	₹419.10	₹52.15	17.91
62	Suryalata Spinning Mills Ltd.	Textile - Spinning	₹411.34	₹964.00	7.99
63	Mafatlal Industries Ltd.	Textile	₹406.36	₹57.56	9.55
64	Orbit Exports Ltd.	Textile	₹391.17	₹144.80	11.29
65	Raghuvir Synthetics Ltd.	Textile	₹389.44	₹100.50	0.00
66	VIP Clothing Ltd.	Textile	₹385.48	₹46.67	57.13
67	Vishal Fabrics Ltd.	Textile	₹370.32	₹18.74	5.99
68	AYM Syntex Ltd.	Textile	₹352.02	₹70.05	0.00
69	Loyal Textile Mills Ltd.	Textile	₹320.08	₹666.75	15.26
70	Sarla Performance Fibers Ltd.	Textile - Manmade Fibres	₹317.98	₹38.08	10.71
71	Nandan Denim Ltd.	Textile	₹312.66	₹21.69	23.68
72	DCM Nouvelle Ltd.	Textile	₹308.65	₹164.95	9.62
73	Integra Essentia Ltd.	Textile	₹292.50	₹6.40	54.77
74	Mahalaxmi Rubtech Ltd.	Textile	₹291.95	₹274.20	30.89
75	Shri Dinesh Mills Ltd.	Textile	₹281.99	₹518.00	8.17
76	Pasupati Acrylon Ltd.	Textile - Manmade Fibres	₹275.87	₹30.95	9.10
77	Bannari Amman Spinning Mills Ltd.	Textile - Spinning	₹269.09	₹41.50	0.00
78	Ashima Ltd.	Textile	₹253.57	₹13.30	14.22
79	Lakshmi Mills Company Ltd.	Textile	₹252.25	₹3,626.60	73.76
80	Super Sales India Ltd.	Textile - Spinning	₹252.00	₹820.45	6.62
81	Manomay Tex India Ltd.	Textile - Weaving	₹249.25	₹138.10	32.27
82	Zodiac Clothing Company Ltd.	Textile	₹241.90	₹92.90	0.00
83	Maral Overseas Ltd.	Textile - Spinning	₹240.75	₹58.00	0.00
84	Lambodhara Textiles Ltd.	Textile - Spinning	₹231.89	₹223.45	11.26
85	Indian Terrain Fashions Ltd.	Textile	₹230.23	₹51.98	11.70
86	R&B Denims Ltd.	Textile	₹226.43	₹32.36	10.95
87	MK Exim (India) Ltd.	Textile	₹219.33	₹82.00	16.58
88	Precot Ltd.	Textile - Spinning	₹217.56	₹181.30	30.58
89	Jasch Industries Ltd.	Textile - Weaving	₹209.49	₹184.00	10.30
90	VTM Ltd.	Textile - Weaving	₹202.71	₹50.39	17.58
91	United Polyfab Gujarat Ltd.	Textile - Weaving	₹194.85	₹93.00	27.31
92	SPL Industries Ltd.	Textile	₹194.71	₹67.14	0.00
93	JCT Ltd.	Textile	₹191.03	₹2.20	3.41
94	Ginni Filaments Ltd.	Textile - Spinning	₹184.58	₹21.55	117.19
95	Digjam Ltd.	Textile - Weaving	₹184.20	₹92.10	0.00
96	BSL Ltd.	Textile - Weaving	₹182.48	₹177.30	11.70
97	RRIL Ltd.	Textile	₹179.64	₹14.82	14.00
98	Deepak Spinners Ltd.	Textile - Spinning	₹177.64	₹249.50	18.32
99	Vinny Overseas Ltd.	Textile	₹176.79	₹7.60	0.00
100	Weizmann Ltd.	Textile	₹170.66	₹107.20	21.83

In Closing 

The Indian textile industry is comparatively unique to the rest of the world particularly due to the unique moats in place. This also gives the Best Textile Sector Stocks in India several advantages. When we take a look at domestic demands the products are also culturally linked or specific.

Giving Indian producers an edge however not every company listed has capitalized on this. They however have taken advantage of the cost-efficiency of producing the country in comparison to other Western countries. 

Investing in the textile sector investors also must be wary of a new set of challenges. These include cyclical price movements and festival season advantages. That’s all for this post, let us know what you think about this article on the best textile sector stocks in India and your top pics in the comments below! Happy Investing!

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How to Invest Your First Rs 1000 In The Stock Market?

A beginner’s guide on how to invest your first Rs 1000 in Stock Market (Updated): Learning how to invest your first Rs 1,000 in the stock market is a significant step towards starting your financial journey and future investments. You might be surprised to know that even less than 2.5% population of India participates in the Indian stock market, even when the Indian economy is one of the fastest-growing economies in the world. Nevertheless, investing your first Rs 1000 will help you to get prepared for your journey ahead.

In this post, I’m going to tell you the simplest answer to how to invest your first Rs 1000 in the stock market. It’s a no-brainer way. Further, for the method described here, you don’t need to be an expert or any help from financial advisors to invest your first Rs 1,000 in the stock market.

Quick Note: Here, I’m not going to discuss how to open brokerage accounts. I’m assuming that you have already had set up your demat and trading accounts. If you haven’t, then read this post to learn where to open your demat and trading account.

A Little Advice Before We Start

While interacting with my blog readers and subscribers who are new to the stock market, I learned that most first-time investors like to wait until they have amassed thousands of rupees to invest. However, that’s a mistake. You can start investing with as little amount as Rs 1,000.

Further, you can increase the investment amount in the future when you have increased your savings. By following this strategy, you can utilize the time efficiently to learn the stock market so that you will be prepared when you invest a big amount in the future.

Second, you do not need to be an expert to invest your first Rs 1000 in the market. You can invest this money while you are learning or even if you started just a few weeks ago.

Third, the point here is to learn, not to earn. Rs 1,000 is not very large money that will get you bankrupt if you lose this amount. However, Rs 1,000 is more than enough to make you enter the exciting world of the stock market and enhance your financial knowledge.

In addition, do not worry about the technicalities like how to buy/sell using your trading account initially. Once you are ready to invest, you can learn all these within 15-20 minutes using different sources on the internet. These days, purchasing stock is even a lot easier compared to booking an online train ticket on IRCTC. All you need is a phone/laptop, an internet connection, brokerage accounts, and some cash in your savings account.

Now that I’ve cleared the basics, let’s learn how to invest your first Rs 1,000 in the stock market. Further, please read this post till the end as there is a bonus in the last section of this article.

How to Invest Your First 1000 in Stockmarket?

1. Invest in Just One Stock 

Rs 1,000 is not a big amount. If you are buying a stock worth Rs 300, then you will be able to buy just three units (quantity) of that stock. Moreover, those stocks which are trading at a market price above Rs 1,000 are already ruled out here.

Therefore, if you are planning to invest your first Rs 1000 in the stock market, then you need to widen your selection criteria to the stock pricing between Rs 1 to Rs 1,000. Otherwise, you might have to reject many good stocks whose market price is high (Say 800-900), in case you are planning to purchase multiple stocks.

Further, for such an investment amount, you do not need to waste time diversifying your portfolio. Selecting multiple stocks takes time and it’s not worth the value.

Also read: How Many Stocks Should you own for a Diversified Portfolio?

2. Invest in What you Already Know

The easiest approach to stock selection for beginners is to invest in what you know. There are a number of companies that you might have heard about from childhood and might already know a lot about it. For example- Maruti Suzuki, HDFC Bank, ITC, Yes Bank, HPCL, Bata, Coal India, Colgate India, Hindustan Unilever, etc.

There are tons of companies whose products/services you already have been using and might be more than happy with them. Find out those companies and investigate them. Visit the company website, check its portfolio (product/services), know who is the boss of the company, it’s future products/plans, etc.

You’ll be surprised to know how many common companies have given uncommon profits.

For example Eicher Motors- Royal Enfield bikes parent company (over 80 times returns in last 10 years), MRF Tyres (over 17 times return in last 10 years), Symphony- coolers (over 12 times return in last 5 Years), etc. The bottom line is to look around yourself and find some popular companies worth investing in.

Search for the companies that you already know that they are doing great (like expanding at a fast rate) for the last couple of years or providing excellent products/services or has an amazing business model (easy to scale).

If you are a working guy/girl, it will be quite easy for you to find such companies. Just look in your industry and find which one is leading. For example, if you are in the banking sector, you might already know which bank is expanding fast in urban and rural areas, opening new branches every week, and has low non-performing assets (NPA), etc.

If you are a doctor, you might already know a few good pharmaceutical companies which are producing the best medicines at a cheap price or are working on the medicines for a rare disease. Even if you are a housewife, you can find a number of good companies that manufacture day-to-day life products like soap, shampoo, towels, edible oils, etc.

In short, the idea here is to invest in what you already know rather than wasting too much time reading financial magazines to search for hidden companies.

3. Don’t Spend Weeks Researching your First Stock 

Although I’m confident that you find a good company using step 2, however, if you are unable to find any company that you have good knowledge of, then invest in blue-chip stocks.

Blue chips are the stocks of those reputed companies that are in the market for a very long time, financially strong, and have a good track record of consistent growth and returns in the past many years.

For example- HDFC bank (leader in the banking sector), Larsen and Turbo (leader in the construction sector), TCS (leader in the software company), etc. A few other examples of blue-chip stocks are Reliance Industries, Sun Pharma, State Bank of India, etc. Here is the list of a few top blue chips stocks in the Indian stock market:

The idea here is to ‘not’ waste too much time researching for stocks. This is your first investment and the investment amount is also small. It’s not worth your time to spend weeks researching a stock just to invest Rs 1,000.

Also read: Why Warren Buffet Suggests- ‘Price Is What You Pay, Value Is What You Get’?

4. Don’t Make it a Very Big Deal

To be frank, do not make this investment a very big deal in your life. The investment amount is too small to hurt you financially. Even if you lose 50% of your investment amount, you won’t go broke. Don’t worry too much about thinking about what if the stock price goes down. IT’S NOT A BIG DEAL!

Here your motive should be to learn, not to earn. If you are able to learn today, you can make tons of money in the future. However, if you want to ‘save’ Rs 1,000 today and are not willing to take any risk, you might save this 1,000 rupee, but miss opportunities to earn lakhs in the future. Stay calm and enjoy the ride.

Also read: #9 Things I Wish I had Avoided During my Initial Days in Stock Market.

Additional Lessons for Newbies

1. Stay Away From Penny Stocks

Penny stocks are those stocks that trade at a very low market price (less than Rs 10) and have a very low market capitalization (typically under 100 crores) are called penny stocks in the Indian stock market. These are the darlings of the new investors. The low market price of these stocks makes them quite attractive to beginners.

However, these stocks are very risky. You might have never heard the names of most of these companies and very limited information about the company is available to the public. The stock prices of these companies are easy to manipulate. Overall, penny stocks are difficult to investigate for a newbie investor. My advice, stay away from penny stocks until you have got good knowledge and experience in the stock market.

Also read: What are Penny stocks? And should you buy it?

2. Don’t Expect Extraordinary Returns

This is my final advice. Do not expect high returns while investing your first Rs 1,000 in stocks. Stocks are not ‘lottery’ tickets. Even if you get a return of 100% in 6 months, still you will make a profit of only Rs 1000 (Rs 166 per month on average).

This isn’t going to affect your life financially. Until the investment amount is large or the principal is invested for a long duration (power of compounding), the returns won’t be too big to affect you financially.

That’s why mark my words and set realistic expectations for your first Rs 1000 investment.

New to stocks? Confused where to start? Check out my amazing online course: HOW TO PICK WINNING PICKS? #HappyLearning

Bonus: Stock Market Investing Quiz

Before you invest your first Rs 1000 in the stock market, why not find out how good is your investing instincts? Try it out with this FREE Quiz NOW…!!

Do you consider yourself a ‘Smart Investor’?

Well, your success in the stock market depends on how you invest and react to different market situations.

Here are 10 questions to put your 'Investing Instincts' to test.

Answer Wisely!!

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Conclusion

One thing I can take guarantee is that your experience after buying your first stock will be amazing! Trust me, you’ll get more involved in the market if you have some money invested in it, no matter how small it is. By investing your first Rs 1000 in the market, you will learn ‘fast’ and learn ‘efficiently’.

Moreover, as discussed in the post, investing is not rocket science, rather it’s quite simple to invest your first Rs 1,000 in the stock market if you follow the steps described above.

I hope this post is on how to invest your first Rs 1000 in the stock market. is useful to you. If you have any questions or doubts, feel free to comment below. I’ll be happy to help you out. Happy learning and investing.

Stay updated on the latest Stock Market News and Corporate Actions NSE with Trade Brains Portal, while also keeping an eye on the Top Gainers Today in NSE with our Stock Heatmap feature.

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Best Battery Stocks in India 2023 – Analysis & Complete List

Best Battery Stocks in India: Across all major automotive markets globally, we are witnessing a transformative shift to electric mobility. Even during the ongoing Covid-19 pandemic, while vehicle sales have dropped significantly in many of these markets, the uptake of electric vehicles (EVs) bucked the trend in 2020. India also is keen on following this global trend.

In this article, we take a closer look at the best battery stocks in India for 2023 which will benefit from the EV boom. Keep Reading to find out!

Battery Industry in India

Today, batteries represent 40-50% of the costs in a typical compact class electric car’s bill of materials, compared to 30-40% of costs in the case of conventional powertrains. The lithium-ion batteries market in India is expected to grow significantly in the next five years.

A report by JMK Research estimates the annual lithium-ion battery market in India to increase at a CAGR of 37.5% to reach 132 GWh in 2030. The cumulative lithium-ion battery market size is estimated to increase from 2.9 GWh in 2018 to about 800 GWh by 2030.

As per consulting firm Mckinsey Global new-car sales of electric vehicles (EVs), mainly battery electric vehicles (BEVs) and(PHEVs), are expected to increase from 3.5% of the global passenger vehicle sales share in 2020 to 39% in 2030 due to regulatory pressures and changing customer demand.

Impact of the Covid Pandemic on the Battery Market in India

The COVID-19 pandemic has impacted the Indian EV battery market due to the disruption in the supply chain, as the country is largely dependent upon imports of raw materials such as lithium and cobalt. 

The rising cases of Coronavirus infections led to localized lockdowns due to which the suppliers were forced to halt their production, even though the logistics operations were severely restricted. 

The decline in lithium-ion battery prices along with the emergence of electric vehicle and energy storage systems (ESS), for both commercial and residential applications, is expected to be the major driver for the lithium-ion battery market in India.

The rising concerns about the negative impact of fuel-based vehicles on the environment are primarily augmenting the demand for electric batteries. Significant growth in the automotive industry has led to the development of various customizable options for EV batteries to be installed in trucks, buses, excavators, etc.

Apart from this, the introduction of several government initiatives for promoting the adoption of electric vehicles to curb air pollution, numerous subsidies, and financial aid across India has increased the demand for EV batteries.

Market Share & Revenue Breakup of the Battery Sector

For lead-acid batteries in the Indian market, Amara Raja and Exide are the market leaders holding more than 70% of the market share combined. The technological maturity as well as the development of connections with OEMs, well-developed supply chains, and manufacturing establishments across the country.

For Li-ion batteries, the OEMs rely on Chinese manufacturers for battery cells and packs as a whole. 

An unorganized market takes a market share of 30-40% of the market, leaving the rest for the organized market. It has been observed that local manufacturers in the unorganized market provide a 20-30% cheaper option than branded battery products with similar configurations.

However, in the future, it is expected that the organized market will consolidate through the acquisition of small players by larger ones.

In addition, unorganized players are more likely to wind down due to stringent rules on recycling and manufacturing processes.

QUICK READ

Best Education Stocks in India For 2023 – Complete List Of Stocks

Best Battery Stocks in India for 2023

Let’s take a close look at some of the biggest battery makers in India and try and analyze their business prospects in the Electric vehicle Battery Segment.

Best Battery Stocks in India #1 – Exide Industries

Exide Industries Ltd is primarily engaged in the manufacturing of storage batteries and allied products in India. The company along with Amara Raja contributes to around 70% market share in the battery segment in India.

In 2018, the company entered the domestic lithium battery business by forming a JV with Leclanche SA in a ratio of 75:25. The JV was established to start assembling lithium-ion batteries in India in FY21 from cells sourced from overseas and then gradually set up backward integration facilities for manufacturing cells in India.

The JV was formed with a focus on e-transport, stationary energy storage systems, and speciality storage markets. As part of the JV, Leclanche will provide its know-how and intellectual property for lithium-ion cells, modules, and battery management systems, and Exide Industries will leverage its sales network and brands.

The company already has tie-ups with around 100 OEMs (original equipment manufacturers) and is carrying out the testing for different prototypes. The company has been acquiring an additional stake in Leclanche SA in the subsidiary Exide Leclanche Energy Pvt Ltd.

It acquired a 7.7% stake in its partner for Rs 106 crores between Aug 2020 & April 2021. The company is debt-free and has a market capitalization of almost $2 billion.

Additionally, it recorded its highest sales in the June 2022 quarter, as compared to its previous 12 consecutive quarters. Exide is expected to make full use of the opportunity presented by the  EV battery segment.

Best Battery Stocks in India #2 – Amara Raja Batteries Ltd

Amara Raja Batteries Limited, the flagship company of the Amara Raja Group, is the technology leader and is one of the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry. The company’s industrial and automotive batteries are exported to 32 countries across the globe.

Amara Raja Batteries has announced its plans to invest about US $1 billion in capital expenditure over the next five to seven years. The company said it will largely use the investment for a 10-12 GWh lithium-ion battery facility under the Advanced Chemistry Cell (ACC), PLI (Production Linked Incentives) scheme of the government.

Amara Raja has recently set up India’s maiden technology hub to develop lithium-ion cells, at its Tirupati facility in Andhra Pradesh. The company has invested Rs 200 million into this project.

The company has had a technology transfer agreement with the Indian Space Research Organisation (ISRO) since early 2019. In January 2019, ISRO named Amara Raja as one of the companies to which it proposed to transfer the technology to manufacture lithium-ion cells as part of the government’s effort to push electric mobility.

Under the tech transfer, ISRO will help these companies set up lithium-ion cell manufacturing units and train their staff. The cells were originally developed for use in launch vehicles and satellites.

However, none of them has started manufacturing. Amara Raja is the first to set up the development hub towards the same.

Amara Raja has one of the biggest distribution networks in India comprising more than 30,000+ retailers. The company has a Rs 10,290 crore market capitalization with consistent sales and profits across 10+ years.

The company has not been able to grow sales at a high pace in recent years. But with the electric vehicle battery segment growing rapidly, the company is anticipated to be the leading player in the battery segment in the upcoming years which makes it one of the best battery sector stocks in India to watch in 2023

Best Battery Stocks in India #3 – Tata Power & Tata Chemicals

 

The Tata Group companies (Tata Power & Tata Chemicals) are poised to benefit immensely from the boom in the battery space for EVs.

These companies being market leaders in their respective fields derive synergy from each other. Tata Power is building an ecosystem for EVs with the support of group companies Tata Chemicals and Tata motors. Tata Power will bring in the know-how while Tata Chemical will provide battery technology.

Tata Power has partnered with MacroTech Developers (Lodha) to provide end-to-end EV charging stations in all its residential and commercial projects across Mumbai and Pune. Under this partnership, Tata Power will install EV charging stations at Lodha developments. The chargers will be accessible to all residents and visitors who are EV owners.

Meanwhile, Tata Chemicals has launched a lithium-ion battery recycling initiative, as part of its commitment to sustainability. The company aims to recycle 500 tonnes of used Li-ion batteries, to recover valuable metals such as lithium, cobalt, nickel, and manganese.

Tata Chemicals has also signed an MoU with the Indian Space Research Organisation (ISRO) for the transfer of ISRO’s lithium-ion cell technology. It will soon start building a manufacturing facility for lithium-ion cells in Gujarat.

The Tata group company is likely to seek incentives under the PLI scheme and may also export the cells from India.

Best Battery Stocks in India #4 – Uno Minda Ltd

The N.K. Minda Group’s flagship company, Uno Minda Limited (formerly Minda Industries), is one of India’s most versatile auto component producers. It is a tier-1 supplier of patented automotive solutions to OEMs and a technical leader in the automotive components business. 

It is the first car component producer to supply electric vehicle manufacturers. It has already received orders to offer electric vehicle mobility components. It is primarily focused on R&D and has a prestigious roster of electric vehicle clients

Minda Corporation now has two separate divisions dedicated to EV in the form of the EME division (Electronic Manufacturing Excellence) and Spark Minda Green Mobility Company. It focuses more on power electronics. For BMS, Minda is in final talks for collaboration with major start-ups. This is expected to pave the way for more orders in the EV segment

Recently its subsidiary Spark Minda Green Mobility Solutions acquired a 26% equity stake in charging solutions startup EVQPOINT Solutions. The company believes that the strategic partnership will position Spark Minda to capitalize on the accelerating shift to electric mobility and further boost its position as a one-stop shop for comprehensive charging solutions for EVs.

Complete List Of Battery Stocks in India 2023

COMPANY	MARKET CAP (₹ CR)	CURRENT PRICE (₹)	PE RATIO	DIVIDEND YIELD(%)
Eveready Industries India	2,125.01	289	589.84	0.00
HBL Power Systems	3,091.83	112.35	31.77	0.63
Indo-National	240.64	322	-	1.28
High Energy Batteries (India)	334.17	363.4	18.28	363.4

ALSO READ

Top EV Stocks in India 2023 – List Of Electric Vehicle Companies in India

In Closing

Though there are considerable and multifaceted challenges that need to be addressed, India has started taking the right steps in promoting domestic battery manufacturing. 

It is imperative to continue building on this through concerted efforts across the entire battery and vehicle value chains to promote the development of an entire local ecosystem together with global partners. The right measures can thus pave the road for accelerating India’s clean energy transition.

The organized sector is currently dominated by a few players who are also the best battery sector stocks in India, which includes Exide, Amara Raja, a few growing companies Luminous, HBL, Enersys, and other emerging/upcoming companies including Eastman, Arise, Base Corporation and Rocket Batteries, etc. 

Newer applications and more demanding performance requirements encourage new technology players to enter the Indian battery market. It will create healthy competition in R&D and will open the market for advanced lead-acid batteries.

We hope you liked this article on Best Battery Stocks in India for 2023 and found it useful. Comment Down Below and let us know which is your favorite battery stock. Happy Investing!

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