Integra Garments and Textiles Ltd Stock Research

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Integra Garments and Textiles Ltd Detail

Integra Garments and Textiles Ltd is in portfolio of Ricky Kirpalani. He is one of the top investors in India. The company belongs to Textiles sector as the name itself suggests.

As per the Company website it is in business of apparel manufacturer in India. It has capacity of  3 million woven tops per annum. It specializes in woven tops made out of 100% cotton. It offers an extensive range of fabrics in 100% cotton in yarn dyed, piece dyed and prints. 

It also offer value added products like a wide range of washes, embroidery and panel prints. It also has Design Studio Akriti which offers customized and generic design solutions.

I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.

Integra Garments and Textiles Ltd Stock Performance

The stock has been a Penny stock from beginning. It debuted on stock exchanges at listing price of 6 INR in year 2013. It was good time to get listed due to bull run which started in year 2014.

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The stock has been on constant decline with occasional positive movement in values. But it has not succeeded to cross the listing price in past 5 years or so.Investors should be cautious in these type of counters.

Integra Garments and Textiles Ltd My Opinion

Integra Garments and Textiles Ltd is a Textiles Company. The Company is in business of woven apparel manufacturing.

As per Company website nothing is mentioned about export status of the Company. It does mention to have design studio presence in Italy but nothing concrete or detailed to make an inference from it.

Indian climatic condition is not that favorable for Woven clothes. It is more of fashion than need. There are many listed and non listed players in this space. Majority of products also come from Nepal as well. Company operating in this space should also venture out to overseas market.

That will open gates for new revenue source. As of now I am not invested into Textile space and is not planning to invest in it in future as well.

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In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.

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