Sutlej Textiles and Industries Limited (STIL), promoted by the late Dr. Krishna Kumar Birla, traces its roots back to pre-Independence India when it was established as Sutlej Cotton Mills Limited in 1934 at Okara in the undivided province of Punjab. This made it Asia's largest textile mill at the time. Despite disruptions during India's independence movement in the 1940s and 1950s, the company was re-established in 1963 as Rajasthan Textile Mills at Bhawanimandi in the Jhalawar district of Rajasthan.
Today, Sutlej Textiles has evolved into a renowned cotton yarn manufacturer in India and a one-stop shop for all types of yarn and a premium range of exclusive, innovative textiles crafted for home fabrics. The company serves marquee clients in India and a global clientele base spread across 65 countries. It stands as the largest producer and a leading exporter of value-added synthetic and blended dyed spun yarn in India, while also being a prominent manufacturer of cotton blended dyed and mélange yarn.
Sutlej Textiles operates through two primary segments: Yarn and Home textiles. The Yarn segment comprises recycled polyester staple fiber, cotton, and man-made fiber yarn, while the Home textiles segment includes home furnishing and fabric processing.
The company offers an extensive range of products through its yarn category, including polyester, acrylic, cotton melange, injection slub yarn, neppy yarn, roving grindle yarn, siro spun, siro compact, lycra twisted, core spun, and double core yarns in single-ply, double-ply, and multi-fold variants. Through its home textiles category, it provides upholstery fabrics, drapery fabrics, and made-ups.
STIL is an ISO 9001:2008, ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and ISO 50001:2018 certified producer of dyed yarns and mélange yarns blended with cotton. It serves as an exporter and manufacturer of value-added synthetic and blended-dyed spun yarns, home textile furnishings, and polyester staple fiber derived from recycling PET bottles. The company also manufactures recycled polyester fiber from polyethylene terephthalate (PET) bottles and offers made-ups, including cushions, throws, curtains, and bed scarves in customized designs and sizes as per client specifications.
Sutlej Textiles operates state-of-the-art spinning mills in Bhawanimandi (Rajasthan), Baddi (Himachal Pradesh), and Kathua (Jammu & Kashmir), and a home textile fabric division at Bhillad (Gujarat). The company's world-class manufacturing facilities have a spinning capacity of approximately 4,20,000 spindles, home textiles operations, and 120 Metric Tons per day capacity for recycled polyester fiber, spread across three states namely Jammu and Kashmir, Himachal Pradesh, and Rajasthan.
The facilities are equipped with modern European manufacturing equipment, state-of-the-art design software, and full-fledged testing laboratories. The company conducts best-in-class research at its Yarn Development Centres (YDC), which are sophisticated centers equipped to rapidly turnaround samples of new yarn varieties, test fiber yarn, and run miniature production processes.
The market capitalization of Sutlej Textiles and Industries Ltd stands at ₹652.04 crore as of March 5, 2025. The company has faced financial challenges in recent quarters, with key financial metrics showing significant losses.
- Market Capitalization: ₹652.04 crore (as of March 5, 2025)
- Promoter Holding: 63.96% (as of March 2025)
- P/E Ratio: -4.81
- P/B Ratio: 0.68
- 52-week High: ₹78.85
- 52-week Low: ₹34.96
- Q3 FY25 Performance: Net loss of ₹25.66 crore; Sales ₹654.47 crore
- Q2 FY25 Performance: Net loss of ₹18.75 crore; Sales ₹685.55 crore
- Q1 FY25 Performance: Net loss of ₹11.40 crore; Sales ₹658.07 crore
- FY24 Performance: Net loss of ₹135.56 crore; Total income ₹2,703.20 crore
- 5-Year Revenue Growth (CAGR): 0.64% (compared to industry average of 3.01%)
- 5-Year Sales Growth (CAGR): 2.12%
Sutlej Textiles has established a strong global presence with home textile brands "NESTERRA" in India and "AMERICAN SILK MILLS" in USA. The company provides direct employment to more than 20,000 people across the globe.
The company has received recognition as the winner of the Gold Trophy for Special Achievement Award in exports of Cotton Yarn during 2019-2020 and the Gold Trophy for the highest exports of Cotton Yarn (Processed Yarns) in Category III for exports of ₹268.28 crore.
Addressing the ecological challenge created by PET bottle contamination in cities, villages, local water bodies, and oceans, Sutlej has embarked on addressing this looming ecological problem through its recycling initiatives. The company has filed its FY 2024-25 Business Responsibility and Sustainability Report detailing ESG initiatives and compliance.
Over the last 5 years, Sutlej Textiles has achieved revenue growth at a yearly rate of 0.64%, which is significantly lower than the industry average of 3.01%. The company has delivered a poor sales growth of 2.12% over the past five years. The company's peers include Grasim Industries Ltd, Trident Ltd, Welspun Living Ltd, Vardhman Textiles Ltd, Arvind Ltd, Garware Technical Fibres Ltd, and Alok Industries Ltd.
Incorporated in 2005, Sutlej Textiles has its registered office at Pachpahar road, Bhawanimandi, Rajasthan. The company operates primarily in the Textiles - Cotton/Blended industry, with BSR & Co LLP serving as its auditor. The company continues to focus on product innovation, capacity expansion, and quality enhancement to maintain its competitive position in the integrated textile manufacturing sector.
