3 Fabric and Garment House, Jeans Label and Trolley Bags Stocks With a Strong Future Roadmap: Siyaram Silk Mills, Kewal Kiran Clothing and Safari Industries (India)
- October 21, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Siyaram Silk Mills, Kewal Kiran Clothing and Safari Industries (India): ROE of 15.1% to 15.8% and FY22 to FY26 revenue CAGR of 8.2% to 30.6%. Prices as of 20 Oct 2026.
Quick Answer
The three fabric and fashion brand stocks to watch are Siyaram Silk Mills, Kewal Kiran Clothing and Safari Industries (India). Their return on equity ranges from 15.1% to 15.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 8.2% to 30.6%. Siyaram Silk Mills has the highest return on equity at 15.8%, while Safari Industries (India) has the fastest revenue growth at 30.6% a year. Prices are based on the 20 October 2026 close, and this article is educational, not investment advice.
Fabric and fashion brand stocks let investors follow how Indian households spend on clothing and travel. Siyaram Silk Mills, Kewal Kiran Clothing and Safari Industries (India) cover suiting and shirting fabrics with branded garments, a well-known jeans label and a maker of hard luggage.
This list covers three fabric and fashion brand stocks with complete current figures: Siyaram Silk Mills, Kewal Kiran Clothing and Safari Industries (India). Every figure comes from the latest reported financials and the 20 October 2026 market close. Companies without complete current figures were left out.
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What Are Fabric and Fashion Brand Stocks?
Fabric and fashion brand stocks are listed companies that make fabrics, garments and travel goods sold under recognised brands. Their results depend on brand strength, retail reach and spending on discretionary items.
Fabric and Fashion Brand Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Siyaram Silk Mills | 519.2 | 2,361 | 9.9 | 30.4 | 15.8 | 0.24 |
| Kewal Kiran Clothing | 438.15 | 2,703 | 16.8 | 35.2 | 15.4 | 0.11 |
| Safari Industries (India) | 1,322.7 | 6,495 | 39.4 | 36.4 | 15.1 | 0.10 |
On valuation, Siyaram Silk Mills and Kewal Kiran Clothing trade at a P/E below the industry P/E, while Safari Industries (India) trades above it, which reflects the growth the market already expects. Readers comparing fabric and fashion brand stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in fabric and fashion brand stocks can use the coming numbers to test whether growth is holding.
Why Do Fabric and Fashion Brand Stocks Have a Strong Roadmap in India?
Fabric and fashion brand stocks have a strong roadmap in India because rising incomes, wedding and festival spending, and growing travel are raising demand for branded clothing and luggage.
- Branded shift. Customers are moving from unbranded to branded apparel and luggage.
- Travel growth. More air and leisure travel supports sales of trolley bags.
- Retail expansion. New exclusive stores and online channels widen reach.
Why Siyaram Silk Mills Features Among These Fabric and Fashion Brand Stocks
Among the fabric and fashion brand stocks on this list, Siyaram Silk Mills is a Mumbai-based textile and apparel company that sells suiting, shirting and readymade garments under brands such as Siyaram’s, Mistair and J. Hampstead.
Revenue rose from Rs 1,939 crore in FY22 to Rs 2,656 crore in FY26, a compound annual growth rate of 8.2%. Net profit grew from Rs 185 crore in FY24 to Rs 231 crore in FY26, which works out to a compound annual growth rate of 11.8%.
In the June 2026 quarter, revenue grew 16.4% year on year to Rs 467 crore, while net profit rose 137.3% to Rs 11.0 crore. The company has a return on equity of 15.8%, a debt to equity ratio of 0.24 and a market capitalisation of Rs 2,361 crore. The stock trades at a P/E of 9.9, below the industry P/E of 30.4.
Roadmap: The company has well-known brands, a wide distribution network and in-house production from yarn to fabric. A push into readymade garments adds value over the fabric business.
What to watch: Monitor the share of readymade garments in revenue and the festive season demand.
Why Kewal Kiran Clothing Features Among These Fabric and Fashion Brand Stocks
Among the apparel and luggage shares on this list, Kewal Kiran Clothing, based in Mumbai, owns the Killer, Easies, Integriti and Lawman Pg3 brands and sells jeanswear and casual apparel through exclusive stores, multi-brand outlets and online channels.
In the June 2026 quarter, revenue grew 17.9% year on year to Rs 292 crore, while net profit rose 28.2% to Rs 41.0 crore. Revenue rose from Rs 625 crore in FY22 to Rs 1,237 crore in FY26, a compound annual growth rate of 18.6%.
Net profit grew from Rs 81.6 crore in FY22 to Rs 152 crore in FY26, which works out to a compound annual growth rate of 16.9%. The company has a return on equity of 15.4%, a debt to equity ratio of 0.11 and a market capitalisation of Rs 2,703 crore. The stock trades at a P/E of 16.8, below the industry P/E of 35.2.
Roadmap: The company is widening its exclusive store network, building its newer brands and adding product categories beyond denim. Control over its own manufacturing helps it respond quickly to fashion trends, and a debt-light balance sheet supports store expansion.
What to watch: Follow same-store sales and the pace at which newer brands scale.
Why Safari Industries (India) Features Among These Fabric and Fashion Brand Stocks
Among the three companies on this list, Safari Industries (India) makes hard luggage and soft luggage, including trolley bags and backpacks, and sells through retail stores, online channels and distributors.
The company has a return on equity of 15.1%, a debt to equity ratio of 0.10 and a market capitalisation of Rs 6,495 crore. The stock trades at a P/E of 39.4, above the industry P/E of 36.4.
Revenue rose from Rs 713 crore in FY22 to Rs 2,072 crore in FY26, a compound annual growth rate of 30.6%. Net profit grew from Rs 22.4 crore in FY22 to Rs 168 crore in FY26, which works out to a compound annual growth rate of 65.5%. In the June 2026 quarter, revenue grew 11.6% year on year to Rs 596 crore.
Roadmap: Rising travel, a shift to branded luggage and capacity additions support its sales. The company’s push for a premium range and wider retail reach adds to demand, and a bigger plant network supports growth.
What to watch: Follow travel demand trends and the pace of capacity ramp-up.
Siyaram Silk Mills vs Kewal Kiran Clothing vs Safari Industries (India) on Key Financials
The table below sets the three fabric and fashion brand stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Siyaram Silk Mills | 1,939 | 2,656 | 8.2% | 231 | 8.7% |
| Kewal Kiran Clothing | 625 | 1,237 | 18.6% | 152 | 12.3% |
| Safari Industries (India) | 713 | 2,072 | 30.6% | 168 | 8.1% |
Siyaram Silk Mills posts the highest return on equity in this group at 15.8%. Siyaram Silk Mills has the largest FY26 revenue at Rs 2,656 crore, and Safari Industries (India) shows the fastest revenue growth with a 30.6% compound annual rate. A useful habit with fabric and fashion brand stocks is to check each new quarterly result against the capacity plans the company described earlier.
The June 2026 quarter, the latest reported, gives a fresh read on momentum:
| Company | Q1 FY26 Revenue (Rs Cr) | Q1 FY27 Revenue (Rs Cr) | Year-on-Year Growth |
|---|---|---|---|
| Siyaram Silk Mills | 401 | 467 | 16.4% |
| Kewal Kiran Clothing | 248 | 292 | 17.9% |
| Safari Industries (India) | 534 | 596 | 11.6% |
Key Risks to Check Before Investing in Fabric and Fashion Brand Stocks
Every theme carries risks that deserve a check before any decision. For these fabric and fashion brand stocks, the main points are: Long-term apparel and luggage shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Fashion cycles. Changing styles can influence demand for particular products.
- Cotton and polyester prices. Raw material costs can move margins.
- Consumer spending. Discretionary spending can vary with sentiment and seasons.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter fabric and fashion brand stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Fabric and Fashion Brand Stocks
Fabric and fashion brand stocks reward investors who follow brand strength and retail reach. Siyaram Silk Mills, Kewal Kiran Clothing and Safari Industries (India) each hold a recognised place in their category. Based on the 20 October 2026 close, Siyaram Silk Mills trades at Rs 519.2, Kewal Kiran Clothing at Rs 438.15 and Safari Industries (India) at Rs 1,322.7. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these fabric and fashion brand stocks to a watchlist.
Download the Univest iOS App or Univest Android App to track fabric and fashion brand stocks, set price alerts and get research-backed stock ideas.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are fabric and fashion brand stocks?
Ans. Fabric and fashion brand stocks are listed companies that make fabrics, garments and travel goods sold under recognised brands. Their results depend on brand strength, retail reach and spending on discretionary items. This list looks at three of them, Siyaram Silk Mills, Kewal Kiran Clothing and Safari Industries (India), using reported FY22 to FY26 financials and the 20 October 2026 closing prices.
Which fabric and fashion brand stocks are covered in this list?
Ans. This list covers Siyaram Silk Mills, Kewal Kiran Clothing and Safari Industries (India). Based on the 20 October 2026 close, Siyaram Silk Mills traded at Rs 519.2, Kewal Kiran Clothing at Rs 438.15 and Safari Industries (India) at Rs 1,322.7. Their return on equity ranges from 15.1% to 15.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 8.2% to 30.6%.
Why do fabric and fashion brand stocks have a strong future roadmap in India?
Ans. Fabric and fashion brand stocks have a strong roadmap in India because rising incomes, wedding and festival spending, and growing travel are raising demand for branded clothing and luggage. The main drivers are as follows. Branded shift. Customers are moving from unbranded to branded apparel and luggage. Travel growth. More air and leisure travel supports sales of trolley bags. Retail expansion. New exclusive stores and online channels widen reach. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Siyaram Silk Mills performed financially?
Ans. Revenue rose from Rs 1,939 crore in FY22 to Rs 2,656 crore in FY26, a compound annual growth rate of 8.2%. Net profit grew from Rs 185 crore in FY24 to Rs 231 crore in FY26, which works out to a compound annual growth rate of 11.8%. In the June 2026 quarter, revenue grew 16.4% year on year to Rs 467 crore, while net profit rose 137.3% to Rs 11.0 crore. The company has a return on equity of 15.8%, a debt to equity ratio of 0.24 and a market capitalisation of Rs 2,361 crore. The stock trades at a P/E of 9.9, below the industry P/E of 30.4. Looking ahead, the company has well-known brands, a wide distribution network and in-house production from yarn to fabric. A push into readymade garments adds value over the fabric business.
How has Kewal Kiran Clothing performed financially?
Ans. Revenue rose from Rs 625 crore in FY22 to Rs 1,237 crore in FY26, a compound annual growth rate of 18.6%. Net profit grew from Rs 81.6 crore in FY22 to Rs 152 crore in FY26, which works out to a compound annual growth rate of 16.9%. In the June 2026 quarter, revenue grew 17.9% year on year to Rs 292 crore, while net profit rose 28.2% to Rs 41.0 crore. The company has a return on equity of 15.4%, a debt to equity ratio of 0.11 and a market capitalisation of Rs 2,703 crore. The stock trades at a P/E of 16.8, below the industry P/E of 35.2. Looking ahead, the company is widening its exclusive store network, building its newer brands and adding product categories beyond denim. Control over its own manufacturing helps it respond quickly to fashion trends, and a debt-light balance sheet supports store expansion.
How has Safari Industries (India) performed financially?
Ans. Revenue rose from Rs 713 crore in FY22 to Rs 2,072 crore in FY26, a compound annual growth rate of 30.6%. Net profit grew from Rs 22.4 crore in FY22 to Rs 168 crore in FY26, which works out to a compound annual growth rate of 65.5%. In the June 2026 quarter, revenue grew 11.6% year on year to Rs 596 crore. The company has a return on equity of 15.1%, a debt to equity ratio of 0.10 and a market capitalisation of Rs 6,495 crore. The stock trades at a P/E of 39.4, above the industry P/E of 36.4. Looking ahead, rising travel, a shift to branded luggage and capacity additions support its sales. The company’s push for a premium range and wider retail reach adds to demand, and a bigger plant network supports growth.
What risks should investors check before buying fabric and fashion brand stocks?
Ans. Investors should check a few risks before buying fabric and fashion brand stocks. Fashion cycles. Changing styles can influence demand for particular products. Cotton and polyester prices. Raw material costs can move margins. Consumer spending. Discretionary spending can vary with sentiment and seasons. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of fabric and fashion brand stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 20 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.