I think that we should not generalize the textile company's same as pharma or fmcg company's. (In pharma/fmcg, most of the company's business model is same)
Here each company has different business model.
Like Arrow Textile, Premco are in B2B space but Premco targeting export customers where tailwind is very high and earning is in USD where Arrow targeting indian base company.So Premco's valuation always be in higher side.
Page, Indian, Monte Carlo is in B2C business where Monte Carlo has seasonal business while Page has very strong track record vs Indian has poor track record in past. So valuation difference will be high.
Where welspun, Verdhman fall into typical textile business where equity capital & debt is very high. So all RoE, RoCE is poor compare to Page/Kit and hence it's not make attractive opportunity for investor prospect.
Desc : Invested in Page, Kit, Premco