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Filatex India Ltd share Price Today

Company details

54.30
56.30
36.25
78.00
6M Return 7.28%
1Y Return 46.84%
Mkt Cap.(Cr) 2,421.23
Volume 550,721
Div Yield 0.36%
OI
-
OI Chg %
-
Volume 550,721

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Textiles company Filatex India announced Q4FY24 & FY24 results:

Q4FY24 Vs Q4FY23 Financial Highlights:

  • Revenue of Rs 1,026 crore against Rs 1,047 crore
  • EBITDA stands at Rs 64.6 crore against Rs 68.7 crore
  • Profit Before Tax stands at Rs 47.2 crore against Rs 25.2 crore
  • Net Profit stands at Rs 34.8 crore against Rs 18.6 crore
  • Production Quantity is 96,969 MT against 97,610 MT
  • Sales Quantity is 96,419 MT against 97,390 MT

FY24 vs FY23 Financial Highlights:

  • Revenue of Rs 4,286 crore against Rs 4,304 crore
  • EBITDA stands at Rs 237.8 crore against Rs 233.9 crore
  • Profit Before Tax stands at Rs 150.4 crore against Rs 122.1 crore
  • Net Profit stands at Rs 110.7 crore against Rs 89.9 crore
  • Production Quantity is 4,05,603 MT against 3,80,197 MT
  • Sales Quantity is 4,01,052 MT against 3,82,133 MT

Commenting on the performance, Madhu Sudhan Bhageria, CMD, stated, The Government of India (GoI) implemented Quality Control Order (QCO) effective from 5th October 2023 for polyester yarns, to enforce quality standards and curb the influx of substandard imports. The Bureau of Indian Standards (BIS) plays a pivotal role in ensuring adherence to these standards by certifying products meeting the prescribed criteria for both domestic and international manufacturers.

Following BIS enforcement, polyester yarn imports saw a significant decline in subsequent months. However, the Indian textile industry faced another challenges by way of from a surge in low-price knitted fabric imports from China which caused a cute distress to whole value chain i.e. yarns manufacturers, weavers & processors. Such unprecedented volumes of import at low prices prompted the Government upon various trade association representations and has set a minimum value cap of USD 3.5/kg. This step has stemmed the tide.

The textile industry requires a fair competitive landscape. Currently, the Indian Polyester Industry struggles to compete with China. The influx of low-priced Chinese imports, spanning yarns and fabrics, poses a major threat, leading to diminished margins for domestic polyester manufacturers. The export of yarns has dropped to almost negligible levels. The exports from India can only be improve, when the Government would provide any measures by some means or way of ensuring the availability of raw materials at par with international prices.

The textile industry requires a fair competitive landscape. Currently, the Indian Polyester Industry struggles to compete with China. The influx of low-priced Chinese imports, spanning yarns and fabrics, poses a major threat, leading to diminished margins for domestic polyester manufacturers. The export of yarns has dropped to almost negligible levels. The exports from India can only be improve, when the Government would provide any measures by some means or way of ensuring the availability of raw materials at par with international prices.

Despite such external challenges, domestic demand remains robust, growing at an impressive 8% CAGR. As import-related margin pressures ease, we are optimistic about the future of our polyester filament business, considering its status as the most widely utilized fiber globally."

Result PDF

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Filatex India Ltd shares SWOT Analysis

Strengths (5)

  • Company with high TTM EPS Growth
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
  • Company with Low Debt

Weakness (4)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Decline in Net Profit (QoQ)
  • Declining Revenue every quarter for the past 2 quarters

Opportunity (0)

Data not found

Threats (2)

  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 55.8
R2 57.1
R3 57.8
Pivot

55.05

S1 53.8
S2 53.1
S3 51.8
EMA SMA
57.0
58.8
58.1
54.8
57.1
59.0
60.3
53.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
PENGUIN TRADING & AGENCIES LTD Bulk Sell 2024-01-23 58.53 2500000 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-01-19 57.05 2620336 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-01-19 57.09 2620336 NSE
Name Category Shares
MADHAV BHAGERIA PROMOTER 9.71%
PURRSHOTTAM BHAGGERIA PROMOTER 9.56%
MADHUSUDHAN BHAGERIA PROMOTER 8.54%
ANU BHAGERIA PROMOTER 2.56%
VRINDA BHAGERIA PROMOTER 2.45%
GUNJAN BHAGERIA PROMOTER 2.15%
SHEFALI BHAGERIA PROMOTER 1.94%
VEDANSH BHAGERIA PROMOTER 1.71%
YADURAJ BHAGERIA PROMOTER 1.09%
STUTI BHAGERIA PROMOTER 0.91%
AZIMUTH INVESTMENTS LIMITED PROMOTER 8.21%
JANUS INFRASTRUCTURE PROJECTS PVT LTD PROMOTER 6.19%
NOUVELLE SECURITIES PVT LTD PROMOTER 5.59%
FARGO ESTATES PVT LTD PROMOTER 3.61%

OUR RESEARCH VIEW

Investment recommendation
Call Date
24 Apr 2021
Entry Price 73.00
Target Price 90.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Filatex India Ltd Stocks COMPARISON

Financials( in Cr) Filatex India Ltd Grasim Industries Ltd Trident Ltd Raymond Ltd Welspun Living Ltd
Price 54.55 2,440.35 37.30 2,184.85 142.40
% Change -2.42 2.08 -0.93 0.42 -1.01
Mcap Cr 2,421.23 166,078.02 19,007.92 14,545.42 13,838.55
Revenue TTM Cr 4,303.87 117,627.08 6,332.26 8,214.72 8,093.76
Net Profit TTM Cr 89.90 11,078.20 441.61 536.96 202.51
PE TTM 22.47 26.07 54.54 8.65 20.49
1 Year Return 46.84 43.00 15.12 38.40 57.09
ROCE 12.42 9.04 11.89 21.11 5.91
ROE 8.23 14.35 10.99 23.24 5.03
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,098.37 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 35,090.66 -22,978.04
LAST 3M 106,793.94 -34,010.07
LAST 6M 169,541.16 45,373.47
LAST 12M 268,709.66 125,819.23

Filatex India Ltd Information

Stock PE (TTM)
22.47
Promoter Holding
64.76%
Book Value
27.1279
ROCE
12.42%
ROE
8.23%
Description
  • Filatex India Ltd. was incorporated as a Public Limited Company in August, 1990. The main business of the Company is manufacturer of Polyester Chips, Polyester/ Nylon/Polypropylene Multi & Mono Filament Yarn and Narrow Fabrics. The company has an installed capacity to produce 1500 tpa of monofilament yarn and 26200 tpa of PFY. Monofilament yarn finds application in brush bristles, industrial fabric, sewing threads, zippers, sports racquet Guts, artificial turf and magic fasteners. Later in 1995 it commissioned a Wind power project in Tamil Nadu. In Sep.`93, the company came out with a public issue. Keeping with the market situation the company expands or diversifies. It has diversified into the manufacture of speciality polyester filament yarn by setting up a unit at Dadra & Nagar Haveli. It has also installed a second line to manufacture monofilament yarn at its present plant. In 1994-95, the company issued 3.5 mln equity shares (premium : Rs 35) to financial institutions, mutual funds on private placement. In 1995-96, the company increased the installed capacity of polyester yarn to 700 tpa and manufacture polyester texturised yarn with an installed capacity of 1539 tpa. In 1997-98, it increased the installed capacity of Draw Texturised Yarn to 8,700 MT. The company made a preferential issue of equity shares to its promoters consisting of 15,00,000 equity shares of Rs.10/-each. Subsequently the equity share capital stands increased to Rs.10.80 crores. In 2008-09, Company commenced the manufacturing of Fully Drawn Yarns. It disposed of its Wind Mill Project. It commenced commercial production for manufacture of 100 TPD of Polyester Fully Drawn Yarn in March, 2016. Filatex Global Pte Limited, Singapore was incorporated on 3rd Nov, 2015 as a Wholly Owned Subsidiary of the Company. The Company completed commercial production for manufacture of 115 TPD of Polyester Fully Drawn Yarn and capacity expansion of value added product- Draw Textured Yarn (DTY) 200 TPD in September 2016. The Company enhanced its total Polymerization Capacity from 900 TPD to 1050 TPD through debottlenecking activity. It also commenced production of Partially Oriented Yarn (POY) expansion from 340 TPD to 510 TPD. The Company commenced production of Drawn Textured Yarn (DTY) expansion in August 2020. It completed and commenced commercial operation of its captive rooftop solar power generation of 1.0 MW at Dahej and 0.4 MW at Dadra in December 2020. The Company commissioned and commenced commercial production of its captive thermal power plant of 30 MW capacity at Dahej on 4th August 2021.

Registered Address

Survey No 274, Demni Road, Dadra & Nagar Haveli, Dadra & Nagar Haveli, 396191

Tel : 91-260-2668343/2668510
Email : shares:filatex.com
Website : http://www.filatex.com
Registrar

MCS Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 526227
NSE Code : FILATEX
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE816B01035

FAQ’s on Filatex India Ltd Shares

You can buy Filatex India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Filatex India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 28, 2024 03:58 PM the closing price of Filatex India Ltd was Rs.54.55.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 28, 2024 03:58 PM, the market cap of Filatex India Ltd stood at Rs. 2,421.23.

The latest PE ratio of Filatex India Ltd as of May 28, 2024 03:58 PM is 22.47

The latest PB ratio of Filatex India Ltd as of May 28, 2024 03:58 PM is 0.49

The 52-week high of Filatex India Ltd share price is Rs. 78.00 while the 52-week low is Rs. 36.25

According to analyst recommendations, Filatex India Ltd Share has a "Buy" rating for the long term.

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