Tamil Nadu-based textile penny stock below Rs 2: Stock Price Jumps on Rs 4.22 Crore Government Yoga Mat Order
Over the past one year, the stock has delivered a return of 17.3 per cent, while its three-year return stands at 28.99 per cent.
Garment Mantra Lifestyle Limited has hit a new milestone after its wholly-owned subsidiary, Hylex Fashion Private Limited, secured a government contract for supplying yoga mats. The Ministry of Ayush, Government of India, has placed an order for 1,25,000 yoga mats, valued at approximately Rs 422.50 lakhs (inclusive of taxes). This development is seen as a strategic breakthrough, reinforcing the company’s position in the textile and wellness-related product segment.
Mr. Prem Aggarwal, Managing Director of Garment Mantra Lifestyle Limited, expressed his views on the development by stating, “We are proud to announce the receipt of order from the Government of India—an important milestone in Garment Mantra Lifestyle’s growth journey.” He added that the company is committed to execution excellence and aligning with national movements such as the Fit India Movement, which the current order supports.
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As of June 13, 2025, shares of Garment Mantra Lifestyle Limited were trading at Rs 1.79 on the stock exchange. The stock has seen a 52-week high of Rs 3.76 and a 52-week low of Rs 1.34. With a market capitalisation of Rs 105 crore, it falls under the Small-Cap category. Over the past one year, the stock has delivered a return of 17.3 per cent, while its three-year return stands at 28.99 per cent. The company is currently trading at a price-to-earnings (PE) ratio of 36.65.
Garment Mantra Ltd, founded in 2005, is involved in manufacturing and distributing fabrics and hosiery garments. Its portfolio includes cotton, polyester, and blended fabric products under brands such as Hylex, Monk, and Helicon. The company operates 10 retail stores and manages over 5,000 SKUs, catering to various apparel segments including protective wear and women's wear. It also runs a wholesale division, Poorti, and a retail and export surplus chain named Price Mantra. In recent years, the company has announced expansion plans that include opening 12–16 new retail outlets and setting up a centralised facility in Surat, Gujarat, to strengthen operations in western India.
Major public shareholders of the company include Arun Kumar Ganeriwala (1.49 per cent) and Credent Global Finance Limited (1.34 per cent). These developments, coupled with strategic government orders, indicate a potential turning point for the company in terms of revenue visibility and market credibility.
Disclaimer: The article is for informational purposes only and not investment advice.