Filatex India

₹56.6 1.7 | 3%

WEBSITE BSE:526227 NSE : FILATEX INDI 10 May, 16:01

Market Cap ₹2512 Cr.

Stock P/E 22.7

P/B 2.1

Current Price ₹56.6

Book Value ₹ 27.1

Face Value 1

52W High ₹78

Dividend Yield 0.35%

52W Low ₹ 36.1

Edit Ratio

Filatex India Research see more...

Overview Inc. Year: 1990Industry: Textile - Spinning

Filatex India Ltd is engaged in manufacture and buying and selling of synthetic yarn and textiles. It manufactures polyester chips and polyester and polypropylene multifilament yarn. The Company manufactures diverse types of synthetic yarns, which encompass polyester partially orientated yarns (POY), polyester filament yarns, fully drawn yarns (FDY), textured yarns, nylon filament yarns, polypropylene mono filament yarns, and narrow fabrics. Its range of POY consists of semi dull, black dope dyed, bright, FDY bright and FDY coloured. It offers its customers textured yarns in all diversifications and combinations, which consists of set, intermingled, crimped and interlaced type in semi-dull finish. It produces micro deniers in the range of 0.5 to 0.8 deniers per filament. It manufactures polypropylene multifilament crimp yarns in special shades and deniers, starting from 65 to 300. It manufactures monofilament yarns in a variety of diameters varying from 0.08 millimeter (mm) to 2 mm.

Filatex India Share Price

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Filatex India Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	1074	1090	1023	1163	1070	1047	1069	1108	1083	1026
Other Income	13	3	7	11	-6	6	4	3	3	4
Total Income	1087	1093	1030	1174	1064	1052	1073	1111	1086	1030
Total Expenditure	915	944	949	1117	1026	978	1025	1054	1008	961
Operating Profit	172	149	81	57	38	74	49	57	78	69
Interest	8	9	6	6	16	31	7	7	11	3
Depreciation	17	16	16	17	18	18	18	18	18	18
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	148	124	58	34	4	25	24	32	48	47
Provision for Tax	49	45	15	9	2	7	6	8	13	12
Profit After Tax	98	79	43	25	3	19	18	23	35	35
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	98	79	43	25	3	19	18	23	35	35
Adjusted Earnings Per Share	2.2	1.7	1	0.6	0.1	0.4	0.4	0.5	0.8	0.8

Filatex India Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1232	1769	1573	1278	1551	1928	2874	2782	2227	3828	4304	4286
Other Income	3	12	10	11	12	11	12	12	9	25	18	14
Total Income	1235	1782	1583	1289	1563	1939	2886	2794	2237	3853	4322	4300
Total Expenditure	1187	1727	1494	1191	1418	1771	2658	2560	1880	3297	4072	4048
Operating Profit	48	54	89	98	145	168	228	235	357	556	250	253
Interest	23	40	54	51	59	44	55	61	59	36	59	28
Depreciation	21	26	21	21	29	31	45	51	58	63	69	72
Exceptional Income / Expenses	0	0	0	7	-3	0	2	0	0	2	0	0
Profit Before Tax	4	-11	14	33	54	93	131	122	240	459	122	151
Provision for Tax	2	-3	5	6	14	33	46	1	74	156	32	39
Profit After Tax	2	-8	10	26	41	60	85	121	166	303	90	111
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	2	-8	10	26	41	60	85	121	166	303	90	111
Adjusted Earnings Per Share	0.1	-0.3	0.3	0.8	0.9	1.4	2	2.8	3.8	6.7	2	2.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	12%	16%	17%	13%
Operating Profit CAGR	-55%	2%	8%	18%
PAT CAGR	-70%	-9%	8%	46%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	50%	4%	23%	45%
ROE Average	8%	22%	22%	14%
ROCE Average	13%	24%	21%	15%

Filatex India Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	150	154	170	210	325	385	472	595	762	1085	1099
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	184	283	219	308	336	542	477	611	536	304	249
Other Non-Current Liabilities	19	15	26	33	50	73	98	76	110	182	183
Total Current Liabilities	392	324	301	331	348	435	369	340	392	452	583
Total Liabilities	745	777	716	881	1059	1438	1415	1621	1806	2023	2113
Fixed Assets	399	399	388	492	629	945	928	1157	1135	1248	1343
Other Non-Current Assets	10	8	21	33	37	18	90	60	140	57	28
Total Current Assets	336	370	307	355	386	462	398	404	525	719	742
Total Assets	745	777	716	881	1059	1438	1415	1621	1806	2023	2113

Filatex India Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	3	56	3	1	2	1	9	24	3	12	1
Cash Flow from Operating Activities	-0	-36	28	63	67	189	251	157	301	304	325
Cash Flow from Investing Activities	-72	-25	1	-110	-125	-300	-83	-234	-113	-86	-114
Cash Flow from Financing Activities	125	8	-31	48	57	119	-152	57	-180	-229	-160
Net Cash Inflow / Outflow	52	-53	-2	1	-1	8	15	-21	8	-11	51
Closing Cash & Cash Equivalent	56	3	1	2	1	9	24	3	12	1	52

Filatex India Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.1	-0.29	0.3	0.82	0.93	1.37	1.95	2.76	3.76	6.72	2.03
CEPS(Rs)	0.98	0.63	0.94	1.49	1.6	2.08	2.98	3.93	5.08	8.13	3.58
DPS(Rs)	0	0	0	0	0	0	0	0	0.2	0.1	0.15
Book NAV/Share(Rs)	6.23	5.38	5.32	6.14	7.47	8.85	10.8	13.49	17.21	24.07	24.79
Core EBITDA Margin(%)	3.22	2.14	4.54	6.16	7.79	7.93	7.48	7.93	15.46	13.85	5.37
EBIT Margin(%)	1.92	1.46	3.93	5.91	6.61	6.93	6.42	6.54	13.29	12.9	4.2
Pre Tax Margin(%)	0.28	-0.59	0.83	2.3	3.18	4.7	4.53	4.35	10.67	11.96	2.83
PAT Margin (%)	0.17	-0.41	0.55	1.85	2.37	3.03	2.93	4.34	7.38	7.9	2.08
Cash Profit Margin (%)	1.7	0.91	1.74	3.35	4.07	4.59	4.49	6.17	9.98	9.55	3.67
ROA(%)	0.39	-1.06	1.29	3.29	4.18	4.79	5.95	8	9.68	15.81	4.35
ROE(%)	1.6	-5.37	5.95	14.32	15.56	16.85	19.86	22.86	24.52	32.83	8.24
ROCE(%)	5.51	5.05	11.66	13	14.49	14	17.09	15.35	22.43	35.45	12.77
Receivable days	21.73	32.8	38.33	47.01	44.39	34.2	16.98	14.16	19.52	12.7	11.67
Inventory Days	18.46	14.65	19.54	27.92	26.44	31.69	23.11	22.44	34.63	30	33.18
Payable days	6.73	4.68	2.75	1.93	0.71	11.11	7.39	15.36	49.16	30.1	15.53
PER(x)	24.95	0	9.5	4.75	12.9	11.84	13.64	3.26	8.93	9.44	15.95
Price/Book(x)	0.39	0.24	0.54	0.63	1.61	1.84	2.46	0.67	1.95	2.64	1.31
Dividend Yield(%)	0	0	0	0	0	0	0	0	0.6	0.16	0.46
EV/Net Sales(x)	0.32	0.24	0.31	0.47	0.67	0.72	0.6	0.39	0.91	0.83	0.38
EV/Core EBITDA(x)	8.24	7.82	5.59	6.14	7.17	8.31	7.52	4.65	5.69	5.73	6.56
Net Sales Growth(%)	160.2	43.64	-11.11	-18.73	21.34	24.28	49.1	-3.2	-19.95	71.88	12.43
EBIT Growth(%)	10.45	7.93	138.28	23.3	34.71	21.15	35.7	-1.29	62.83	65.72	-63.31
PAT Growth(%)	-82.81	-443.58	218.58	173.72	54.38	47.41	41.92	43.17	36.52	82.55	-70.3
EPS Growth(%)	-82.8	-391.85	204.64	173.72	13.57	47.41	41.92	41.74	35.82	78.95	-69.8
Debt/Equity(x)	2.7	2.77	2.46	2.49	1.64	1.85	1.29	1.21	0.77	0.33	0.27
Current Ratio(x)	0.86	1.14	1.02	1.07	1.11	1.06	1.08	1.19	1.34	1.59	1.27
Quick Ratio(x)	0.63	0.94	0.63	0.78	0.68	0.62	0.61	0.69	0.69	0.76	0.57
Interest Cover(x)	1.17	0.71	1.27	1.64	1.93	3.1	3.39	2.99	5.07	13.74	3.06
Total Debt/Mcap(x)	6.86	11.48	4.6	3.93	1.02	1	0.52	1.81	0.4	0.12	0.21

Filatex India Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	65.18	65.18	64.85	64.85	64.85	64.88	64.76	64.76	64.76	64.76
FII	0	0	0	6.37	6.18	6.14	6.04	5.95	5.9	5.94
DII	4.4	4.38	4.45	0	0	0	0	0.03	0	2.35
Public	30.42	30.43	30.7	28.77	28.96	28.98	29.2	29.26	29.35	26.96
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	14.68	14.68	14.37	14.37	28.73	28.74	28.74	28.74	28.74	28.74
FII	0	0	0	1.41	2.74	2.72	2.68	2.64	2.62	2.63
DII	0.99	0.99	0.99	0	0	0	0	0.01	0	1.04
Public	6.85	6.86	6.8	6.37	12.83	12.84	12.96	12.99	13.02	11.96
Others	0	0	0	0	0	0	0	0	0	0
Total	22.53	22.53	22.15	22.15	44.3	44.3	44.39	44.39	44.39	44.39

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 22%
Debtor days have improved from 30.1 to 15.53days.
Company has reduced debt.
Company is almost debt free.

Cons

The company has delivered a poor profit growth of 8% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Filatex India News

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Filatex India

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Filatex India Research see more...

Overview Inc. Year: 1990Industry: Textile - Spinning

Filatex India Share Price

Alert Data

Quarterly Price

Peer Comparison

Filatex India Quarterly Results

Filatex India Profit & Loss

Growth Rates

Filatex India Balance Sheet

Filatex India Cash Flow

Filatex India Ratios

Filatex India Shareholding Pattern

Filatex India News

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