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Filatex India Ltd

Company details

41.55
42.85
40.25
69.20
6M Return -19.27%
1Y Return -31.51%
Mkt Cap.(Cr) 1,851.79
Volume 28,786
Div Yield 0.24%
OI
-
OI Chg %
-
Volume 28,786

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Filatex India Ltd.

Q2FY23 Quarterly Result Announced for Filatex India Ltd.

Textiles company Filatex India announced Q2FY23 results:

Financial Highlights (QoQ) – Q2FY23 vs Q1FY23:

  • Revenue from operations of Rs 1163.42 crore against Rs 1023.29
  • EBITDA stands at Rs 46.26 crore against Rs 74.31 crore
  • Profit Before Tax stands at Rs 34.08 crore against Rs 58.48 crore
  • Net Profit stands at Rs 25.16 crore against Rs 43.39 crore
  • Sales Quantity stands at 1,01,488 MT against 83,066 MT

Financial Highlights (YoY) – H1FY23 vs H1FY22:

  • Revenue from operations of Rs 2,186.71 crore against Rs 1,663.86 crore
  • EBITDA stands at Rs 120.57 crore against Rs 226.30 crore
  • Profit Before Tax stands at Rs 92.56 crore against Rs 187.33 crore
  • Net Profit stands at Rs 68.55 crore against Rs 125.92 crore
  • Sales Quantity stands at 1,84,554 MT against 1,57,758 MT

Madhu Sudhan Bhageria, CMD, stated, “Volatility and fluctuations in global energy and crude prices due to the ongoing Russia-Ukraine War along with China’s zero-Covid policy have adversely impacted the Indian Polyester industry. Low domestic consumption in China has driven the Chinese polyester manufacturers to flood Indian markets as well as export markets at very low prices resulting in immense pressure on margins.

However, the demand in the domestic market has been good. Despite large volumes of import from China at very low costs, we were able to achieve 100% utilisation in our yarn capacities while maintaining inventory levels albeit at the cost of discounts resulting in low margins.

During the quarter, we also commissioned and started commercial production of our project for debottlenecking melt capacity of 50 MT per day and manufacturing lines of 120 MT per day POY at Dahej Plant.”

 

 

 

Result PDF

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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

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 1,084.36 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 17,871.26 -28,732.63
LAST 3M 35,065.84 -30,146.79
LAST 6M 57,360.50 38,576.46
LAST 12M 186,944.70 -113,961.48

NSE Board Meetings Forthcomming

Feb 04, 2023 l NSE Board Meetings Forthcomming

Board Meeting for Today

Feb 04, 2023 l Board Meetings for Today

Date Action Type Ratio
Dec 27, 2022 Split 1:2
Sep 19, 2022 Dividend 10
Sep 08, 2021 Dividend 20

INFORMATION

Stock PE (TTM)

7.55

Promoter Holding

64.85%

Book Value

24.3152

ROCE

34.51%

ROE

32.76%

Description

  • Incorporated in Aug.`90, Filatex India (FIL) was promoted by Purshottam Bhageria and his brothers is into manufacture of Monofilament yarn and PFY. Reifenhauser & Company is the technical collaboration of the company. 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.

Registered Address

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

Tel : 91-260-2668343/2668510
Email : fildadra: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 : A
ISIN : INE816B01035

ICICIdirect Filatex India Ltd FAQ

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 Feb 03, 2023 04:01 PM the closing price of Filatex India Ltd was ₹ 41.80.
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 Feb 03, 2023 04:01 PM, the market cap of Filatex India Ltd stood at ₹ 1,851.79.
The latest PE ratio of Filatex India Ltd as of Feb 03, 2023 04:01 PM is 7.55
The latest PB ratio of Filatex India Ltd as of Feb 03, 2023 04:01 PM is 0.58
The 52-week high of Filatex India Ltd is ₹ 69.20 while the 52-week low is ₹ 40.25
According to analyst recommendations, Filatex India Ltd has a “Buy” rating for the long term.

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