Filatex India Ltd.
Snapshot View

106.00 +3.05 ▲3.0%

03 August 2021, 04:00:00 P.M.
Volume: 146,907

Overview View Details

Sector Textile Compare with Sector peers
Industry Textile - Spinning Compare with Industry peers
Website http://www.filatex.com
Financial Indicators
Market Cap 2,290.28 Cr.
Earnings per share (EPS) 11.06 Trailing Twelve Months Ending 2021-06
Price-Earning Ratio (PE) 9.31 Trailing Twelve Months Ending 2021-06
Industry PE 25.92 Trailing Twelve Months Ending 2021-06
Book Value / Share 36.75 Trailing Twelve Months Ending 2021-06
Price to Book Value 2.80 Calculated using Price: 102.95
Dividend Yield 0.39 Period Ending 2020-03
No. of Shares Subscribed 22.25 Cr. 222,465,250 Shares
FaceValue 2
Company Profile

Filatex India (FIL) was incorporated on August 8,1990, promoted by Madhu Sudhan Bhageria, Purrshottam Bhaggeria and Madhav Bhageria belonging to a reputed and well established business family. It started its first manufacturing facility in January, 1994 in Noida (UP), to manufacture 500 TPA Specialty Polyester/Nylon/ Polypropylene Monofilament yarns in Technical collaboration with  Reifenhäuser,  GmbH,   Germany, who  are  pioneers  in Extrusion Technology in the world and have supplied Monofilament Plant and Machinery to leading world manufacturers like Du Pont, Hoechst, Bayer, etc.

FIL is one of the pioneers in manufacturing Monofilament Yarns for Zippers, Tooth Brush Bristles, Velcro, Magic Fasteners and Forming Fabrics in India. All these products are import substitutes and are helping the country in saving precious foreign exchange.

Today, FIL has become one of the leading manufacturers of Monofilament Yarns in India.

In January, 1996, FIL diversified into high growth area of Specialty Polyester Filament Yarns by putting up its second manufacturing facility at Dadra, Union Territory of Dadra & Nagar Haveli, which is 170 km north of Mumbai. A state-of-the-art plant was imported from Barmag A.G., Germany.

FIL manufactures Specialty Polyester Filament Yarns, which have a high value addition as compared to the normal denier synthetic yarns. One of the Specialty Yarns, which FIL manufactures is Micro Denier Polyester Filament Yarns (MDPFY). MDPFY is an import substitute and its demand is growing at a very rapid pace because of its inherent strengths. These Specialty yarns are used for high value added fabrics like artificial silk which are used for manufacturing of high quality Sarees, Dress Materials, Shirtings and other textile applications. FIL is one of the first dedicated plants for manufacturing Specialty Micro Denier Filament Yarns in the country.

FIL's Specialty Polyester Filament Yarn Project is located close to the major textile centers in the country i.e. Surat and Bombay. This enables FIL in reducing its freight cost and helping the fabric manufacturers in maintaining low inventory levels.

In August 1998, FIL started production of Polypropylene (PP) Multifilament yarn in dope dyed colors, which is widely used in all types of socks, hosiery, panty hozes and seamless garments. Polypropylene is the best subsitute for Nylon/Polyamide because of its superior characterstics.

In year 2008, FIL started producing Polyester Fully Drawn yarn using latest machines from Barmag, Germany. FIL can also produce colored Polyester POY.

In 2012 Filatex India incorporated 'FILATEX SYNTHETICS PRIVATE LIMITED' as a subsidiary of the Company.

Products offered by the company include:

  • Polyester Partially Oriented Yarns (POY) - FIL  offers a comprehensive range of POY. Its latest plant also gives it the flexibility to manufacture POY exactly to the client`s specifications.
  • Textured Yarns - FIL has installed renowned machines to produce texturised yarns at par with the international standards. High speed texturising machines, equipped with Heberlein jets from Switzerland enables FIL to produce intermingled/non intermingled Texturised yarns confirming to international quality norms.FIL offers its clients textured yarns in all permutations and combinations. These are produced as set, intermingled, crimped, & interlaced type in semi-dull finish.
  • Micro Denier Yarns - FIL manufactures Micro Denier yarns that meet the international/domestic market specifications. FIL produces Micro Deniers ranging from 0.5 to 0.8 deniers per filament. The superior qualities and properties of the product make it ideal for the production of artificial silk-like fabrics (used for sarees, dress materials, home furnishings, etc.) and a whole lot of other applications.
  • Polypropylene Yarns - FIL manufactures Polypropylene Multifilament Crimp yarns in different shades and deniers, the range being Deniers from 65 to 300. FIL also has the capability to produce PPY in other different shades depending on the market trend and the customer specifications.
  • Monofilament Yarns- FIL manufactures a range of high quality monofilaments – (Brand Name: Monofil) at its Noida Plant using superior technology from Reifenhäuser GmbH, Germany

Milestones achieved

  • 1990 -- Filatex India Limited was incorporated as a Public Limited Company on 8th August.The company obtained Certificate of Commencement of Business on 5th September. The company obtained Registration from Department of Industrial Development, Ministry of Industry, Secretariat of Industry Approvals, Government of India for manufacturing of polyester/nylon monofilaments with annual capacity of 500 tonnes at Noida Industrial Area, Distt. Ghaziabad, U.P.
  • 1993 -- FIL carried out public issue of 18,00,000 Equity Shares of Rs 10 each for cash at par aggregating Rs 18 million.
  • 1994 -- FIL started its first manufacturing activity in January with setting up of plant at Noida, (UP) for the manufacture of 500 TPA Specialty Polyester / Nylon / Polypropylene Monofilament yarns.
  • 1995 -- FIL set up wind power project at Tamil Nadu, which was successfully commissioned in March (1 MW) Filatex issued 35,00,000 equity shares of Rs 10 each at a premium of Rs 35 per share to financial institutions, mutual funds, and high net worth Investors.
  • 1996 -- FIL forays into the manufacture of Speciality Polyester Filament Yarn by the setting up of a second manufacturing facility at Dadra, Union Territory of Dadra & Nagar Haveli in the month of January.
  • 1999 -- The gross turnover of FIL crossed Rs1000 million mark. The manufacturing facility of the company at Noida and the corporate office at New Friends Colony, New Delhi receive ISO 9002 Quality Certification (for Manufacture & Marketing of all kinds of Mono Filament Yarn)
  • 2000 -- FIL receives ISO 9002 Quality Certification for its manufacturing setup at Dadra (for Manufacture and Marketing of Polyester & Polypropylene Synthetic Filament Yarn of all kinds)

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+2.96%
1 Week
+5.74%
1 Month
+8.33%
3 Month
+12.95%
6 Month
+67.59%
1 Year
+321.47%
2 Year
+156.35%
5 Year
+660.95%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 10.94 1.60 -5.37 5.95 14.32 15.56 16.85 19.86 22.86
Return on Capital Employed (%) 7.92 5.51 5.05 11.66 13.00 14.49 14.00 17.09 15.35
Return on Assets (%) 3.88 0.39 -1.06 1.29 3.29 4.18 4.79 5.95 8.00

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 146 150 154 170 210 325 386 472 595
Non Curr. Liab. 203 203 298 245 341 386 615 575 687
Curr. Liab. 110 392 324 301 331 348 437 369 340
Minority Int.
Equity & Liab. 459 745 777 716 881 1,059 1,438 1,415 1,621
Non Curr. Assets 368 409 407 409 525 666 962 1,018 1,217
Curr. Assets 92 336 370 307 355 393 475 398 404
Misc. Exp. not W/O
Total Assets 459 745 777 716 881 1,059 1,438 1,415 1,621

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 473 1,232 1,769 1,573 1,278 1,551 1,928 2,874 2,782
Other Income 1 3 12 10 11 12 11 12 12
Total Income 475 1,235 1,782 1,583 1,289 1,563 1,939 2,886 2,794
Total Expenditure -441 -1,187 -1,727 -1,494 -1,191 -1,418 -1,771 -2,658 -2,560
PBIDT 33 48 54 89 98 145 168 228 235
Interest -5 -23 -40 -54 -51 -59 -44 -55 -61
Depreciation -10 -21 -26 -21 -21 -29 -31 -45 -51
Taxation -6 -2 3 -5 -6 -14 -33 -46 -1
Exceptional Items 7 -3 2
PAT 14 2 -8 10 26 41 60 85 121

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 57 0 -36 28 63 67 189 251 157
Cash Fr. Inv. -227 -72 -25 1 -110 -125 -300 -83 -234
Cash Fr. Finan. 173 125 8 -31 48 58 119 -152 57
Net Change 3 52 -53 -2 1 -1 8 15 -21
Cash & Cash Eqvt 3 56 3 1 2 1 9 24 3

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 57.72 58.71 59.73 60.60 60.46 60.47 65.23 65.23 64.99
Public 42.28 41.29 40.27 39.40 39.54 39.53 34.77 34.77 35.01
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 38.44 37.79 37.15 36.61 36.51 36.50 33.84 33.84 33.84

Announcements View Details

Mon, 02 Aug 2021
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of Conference Call on 28th July 2021 is attached.
Tue, 27 Jul 2021
Financial Results For The Quarter Ended 30Th June 2021
Financial results for the quarter ended 30th June 2021 is attached.
Tue, 27 Jul 2021
Outcome of Board Meeting (AGM on Sep 30 2021)
Filatex India Ltd has informed BSE regarding Outcome of Board Meeting held on July 27 2021.

Technical Scans View Details

Mon, 02 Aug 2021
Close Crossing Last Month Close From Below Close Crossing Last Month Close From Below
Closing Above Previous High Closing Above Previous High
Close Within 52 Week High Zone Close Within 52 Week High Zone
Close Entering 52 Week High Zone Close Entering 52 Week High Zone
Increasing Relative Strength - Sectoral Index Increasing Relative Strength - Sectoral Index

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