Company is in manufacturing of Elastic and Non-Elastic Tapes.
Arrow textiles grown steadily and gradually, expanding capabilities as a Garment Trim Supplier by
adding Woven Labels & Printed Labels in 1992 and Paper price tickets in
2015.
Mu eyes stuck into this company when I bought a new garment
recently. Arrow is moving ahead of the peer companies in terms of financial
ratios. Quarterly profit figures are continuously moving upwards. Indian
textile industry is expected to make strong growth in 2016 both domestic and
export business. During last 5 years we have seen huge interest from FDI in
textile industry.I have analyzed the income statement and balance sheet of
Arrow textiles and I found this company is worth investing for a long term .
Current PE ratio is 12.57 and Price to book stands at 2.17. Technically arrow
is recovering from the recent fall. Its trading above 30 day moving average.
Recommendation : Buy Arrow Textiles at current market price of 34.50
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