The textile industry is one of the world's oldest and most vital sectors. It drives rapid industrialization, significantly boosts GDP, fuels economic growth, and creates substantial opportunities for employment and infrastructure development globally. This study undertakes a comparative financial performance analysis of three leading Indian textile companies- Welspun Living, Lux Industries, and dollar Ind.- over the two years from 2023-24 to 2024-25. Using secondary data sourced from annual reports, Money Control, and financial databases, the study employs key financial ratios spanning Profitability and Liquidity. These include the Net Profit ratio and the Current ratio. This analysis maps how efficiently three different companies use their available cash and short-term assets (liquidity) to generate profit. Lux is the winner here; it unlocked trapped cash to boost its profit margins. Welspun is in a dangerous spot because it has both razor-thin profit margins and very little cash cushion left to absorb a crisis. Dollar is completely safe but stagnant, opting to sit on a secure pile of cash rather than taking any risks to grow.
Hiteshbhai et al. (Mon,) studied this question.