I do not have much information about question you asked. The better prospect was more driven by revival of profit growth in spinning sector and support from Textile upgradation funds which resulting in higher capex across the chain in textile.
One broad information about Indian textile machinery manufacturer I could get from web which I am enclosing
http://www.tmmaindia.net/PrintMediaPDF/IndianTEIProfileupdated.pdf
What is important to notice is no growth in PROCESSING MACHINES (page 2 table) at around Rs 575 Cr. Also check the high dependency of import (nearly 60%) as shown in page 3 of the table.
Latest Information about TUF are as under
http://www.txcindia.gov.in/html/mdo2007_4.pdf
Now if we compare share of processing machine from Textile Machinery manufacturer data, we get processing machinery share in total textile machinery sector we get following figures:
As per my understanding, Indian textile need to do substantial capex in processing sector which is still lags in moderinsation. If we look at various segment in textile, India would be best placed in cotton spinning, followed by garments, then weaving and last in fabric processing. This is very primative/subjective assessment and may on verification turn out to wrong.
In view of above, I see moderate demand for printing machine (particularly driven by higher exports cotton home textiles (bad sheet/towels being major) which also would require state of art fabric processing. I assume Stovec among the global leader in Rotary Printing Machinery and consumable (Screen/Roller for printing machine). That can also be compared with growth in Welspun/Trident/Indo Count which are among the top 3 players in home textile sector.
Trident Presentation providing textile home textile prospect
http://www.bseindia.com/xml-data/corpfiling/AttachHis/29D15DDE_C248_45BD_B6A9_EB85C7847F79_101313.pdf
Hope this partially answer growth prospect and industry growth expectation. On competition and company position in global and Indian market we need to get more information and work.
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