BSE:526227

Stock Analysis Report

Executive Summary

Filatex India Limited manufactures and trades in synthetic yarns and textiles primarily in India.


Snowflake Analysis

Adequate balance sheet with acceptable track record.

Share Price & News

How has Filatex India's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 526227 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.4%

526227

0.2%

IN Luxury

-0.4%

IN Market


1 Year Return

-12.9%

526227

16.6%

IN Luxury

11.1%

IN Market

Return vs Industry: 526227 underperformed the Indian Luxury industry which returned 16.6% over the past year.

Return vs Market: 526227 underperformed the Indian Market which returned 11.1% over the past year.


Shareholder returns

526227IndustryMarket
7 Day-0.4%0.2%-0.4%
30 Day-5.2%3.3%-1.2%
90 Day5.4%8.5%3.3%
1 Year-12.9%-12.9%17.3%16.6%13.0%11.1%
3 Year181.9%181.9%53.8%52.0%25.3%18.6%
5 Year603.0%603.0%103.0%96.4%35.4%23.1%

Price Volatility Vs. Market

How volatile is Filatex India's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Filatex India undervalued compared to its fair value and its price relative to the market?

10.06x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 526227 (₹39.3) is trading above our estimate of fair value (₹0.65)

Significantly Below Fair Value: 526227 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 526227 is good value based on its PE Ratio (10.1x) compared to the Luxury industry average (11x).

PE vs Market: 526227 is good value based on its PE Ratio (10.1x) compared to the Indian market (13.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 526227's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 526227 is overvalued based on its PB Ratio (1.8x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Filatex India forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.8%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Filatex India has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Filatex India performed over the past 5 years?

67.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 526227 has high quality earnings.

Growing Profit Margin: 526227's current net profit margins (3%) are lower than last year (3.1%).


Past Earnings Growth Analysis

Earnings Trend: 526227 has become profitable over the past 5 years, growing earnings by 67.1% per year.

Accelerating Growth: 526227's earnings growth over the past year (42.2%) is below its 5-year average (67.1% per year).

Earnings vs Industry: 526227 earnings growth over the past year (42.2%) exceeded the Luxury industry 2.7%.


Return on Equity

High ROE: 526227's Return on Equity (18%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Filatex India's financial position?


Financial Position Analysis

Short Term Liabilities: 526227's short term assets (₹4.0B) exceed its short term liabilities (₹3.7B).

Long Term Liabilities: 526227's short term assets (₹4.0B) do not cover its long term liabilities (₹5.7B).


Debt to Equity History and Analysis

Debt Level: 526227's debt to equity ratio (127.9%) is considered high.

Reducing Debt: 526227's debt to equity ratio has reduced from 272.9% to 127.9% over the past 5 years.

Debt Coverage: 526227's debt is well covered by operating cash flow (41.6%).

Interest Coverage: 526227's interest payments on its debt are well covered by EBIT (4.9x coverage).


Balance Sheet

Inventory Level: 526227 has a high level of physical assets or inventory.

Debt Coverage by Assets: 526227's debt is not covered by short term assets (assets are 0.7x debt).


Next Steps

Dividend

What is Filatex India's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%0.6%markettop25%2.5%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 526227's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 526227's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 526227's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 526227's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 526227 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 526227's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

11.6yrs

Average management tenure


CEO

Madhu Bhageria (60yo)

11.6yrs

Tenure

₹13,229,971

Compensation

Mr. Madhu Sudhan Bhageria has been Managing Director of Filatex India Ltd. since July 30, 2008. Mr. Bhageria has been Chairman of Filatex India Ltd. since May 9, 2017 and has been its Executive Director si ...


CEO Compensation Analysis

Compensation vs Market: Madhu's total compensation ($USD185.00K) is above average for companies of similar size in the Indian market ($USD50.14K).

Compensation vs Earnings: Madhu's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Madhu Bhageria
Chairman & MD11.6yrs₹13.23m10.51% 907.6m
Purrshottam Bhaggeria
Joint MD & Executive Director 16.6yrs₹12.62m10.27% 886.7m
Madhav Bhageria
Joint MD & Executive Director 16.6yrs₹12.10m10.32% 891.1m
Raman Jha
Compliance Officer & Company Secretary0yrsno data0.011% 942.9k
Ashok Chauhan
Whole-Time Director6yrs₹4.15m0.032% 2.8m
Anil Mohla
CFO & Vigilance Officer0.8yrsno datano data
Vyanu Vyas
Chief Operating Officer0yrsno datano data
Dinesh Goel
Chief General Manager of Accounts & Taxation0yrsno data0.034% 2.9m
Rajiv Kasturia
Senior Vice President of Marketing0yrsno data0.093% 8.1m
Ravindra Verma
Chief General Manager of HR0yrsno datano data

11.6yrs

Average Tenure

59yo

Average Age

Experienced Management: 526227's management team is seasoned and experienced (11.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Madhu Bhageria
Chairman & MD11.6yrs₹13.23m10.51% 907.6m
Purrshottam Bhaggeria
Joint MD & Executive Director 16.6yrs₹12.62m10.27% 886.7m
Madhav Bhageria
Joint MD & Executive Director 16.6yrs₹12.10m10.32% 891.1m
Ashok Chauhan
Whole-Time Director6yrs₹4.15m0.032% 2.8m
Brij Tandon
Non-Executive Independent Director5yrs₹220.00kno data
Swarup Parija
Non-Executive Independent Director16.6yrs₹210.00kno data
Suraj Setia
Non-Executive Independent Director16.6yrs₹210.00k0.000050% 4.3k
Pallavi Bakhru
Independent Director6.4yrs₹220.00kno data

11.5yrs

Average Tenure

63.5yo

Average Age

Experienced Board: 526227's board of directors are seasoned and experienced ( 11.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 526227 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Filatex India Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Filatex India Limited
  • Ticker: 526227
  • Exchange: BSE
  • Founded: 1990
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹8.635b
  • Shares outstanding: 219.72m
  • Website: https://www.filatex.com

Number of Employees


Location

  • Filatex India Limited
  • Bhageria House
  • 43 Community Centre
  • New Delhi
  • Delhi
  • 110025
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
526227BSE (Mumbai Stock Exchange)YesEquity SharesININRFeb 2002
FILATEXNSEI (National Stock Exchange of India)YesEquity SharesININRFeb 2002

Biography

Filatex India Limited manufactures and trades in synthetic yarns and textiles primarily in India. The company offers partially oriented yarns, which are used in shirtings and suitings, sarees, ladies’ dress materials, and knitwear; polyester textured yarns that are used to produce fabrics and textiles for high-end apparel, high-end sports shoes, sports bags, home furnishings, and zipper tapes; and fully drawn yarns (FDYs) are used in making fabrics and textiles for high-end undergarments, high-end sportswear, and home furnishings. It also provides polypropylene multifilament crimp yarns, which are used in socks, tights, panty hoses, car and furniture upholstery, soccer/sports socks, ribbons, nets, dyeing hoses, filtration fabrics, laces, swimwear, sportswear, under garments, and seamless products, as well as for weaving and knitting applications, etc. In addition, the company offers narrow woven fabrics; monofilament yarns for the manufacturer of zippers, mattress tape, leashes, elastic tape, ribbon, plain and fancy belts, and other specialized items; and polyethylene terephthalate chips for use in making polyester filament yarns, such as partially oriented yarns, FDYs, and staple fibers, which are used in the textile industry. It also exports its products to 42 countries. Filatex India Limited was incorporated in 1990 and is based in New Delhi, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 12:39
End of Day Share Price2020/02/14 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.