BSE:531301

Stock Analysis Report

Executive Summary

High Street Filatex Limited manufactures and trades in knitted socks, head bands, and wrist bands in India.


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 531301 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

531301

-2.4%

IN Luxury

-1.1%

IN Market


1 Year Return

n/a

531301

-28.4%

IN Luxury

-31.7%

IN Market

Return vs Industry: Insufficient data to determine how 531301 performed against the Indian Luxury industry.

Return vs Market: Insufficient data to determine how 531301 performed against the Indian Market.


Shareholder returns

531301IndustryMarket
7 Day0%-2.4%-1.1%
30 Day0%-28.3%-25.1%
90 Dayn/a-27.9%-30.6%
1 Yearn/a-27.8%-28.4%-30.3%-31.7%
3 Year-49.4%-49.4%-4.4%-6.7%-20.1%-24.4%
5 Year-66.7%-66.7%31.7%26.9%-11.0%-15.7%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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


Share Price vs. Fair Value

Below Fair Value: 531301 (₹11.87) is trading above our estimate of fair value (₹2.19)

Significantly Below Fair Value: 531301 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 531301 is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: 531301 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 531301's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 531301 has negative assets, so we can't compare its PB Ratio to the IN Luxury industry average.


Next Steps

Future Growth

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

19.7%

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 High Street Filatex 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 High Street Filatex performed over the past 5 years?

-71.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 531301 is currently unprofitable.

Growing Profit Margin: 531301 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 531301 is unprofitable, and losses have increased over the past 5 years at a rate of -71.7% per year.

Accelerating Growth: Unable to compare 531301's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 531301 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (1.2%).


Return on Equity

High ROE: 531301's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is High Street Filatex's financial position?


Financial Position Analysis

Short Term Liabilities: 531301 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: 531301 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: 531301 has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: 531301's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 531301 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 531301 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 80.7% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 531301's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 531301'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 531301's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 531301's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 531301'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?

0.6yrs

Average management tenure


CEO

Bhagwan Singh (37yo)

6.17s

Tenure

₹120,000

Compensation

Mr. Bhagwan Singh served as the Compliance Officer at High Street Filatex limited from December 15, 2013 to February 14, 2015. Mr. Singh served as the Chief Financial Officer of High Street Filatex limited ...


CEO Compensation Analysis

Compensation vs Market: Bhagwan's total compensation ($USD1.67K) is below average for companies of similar size in the Indian market ($USD50.75K).

Compensation vs Earnings: Insufficient data to compare Bhagwan's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Bhagwan Singh
Chairman & Whole Time Director6.17yrs₹120.00k0.97% 74.8k
Aishwarya Sethia
CFO & Additional Non Executive Director0.25yrno data1.16% 89.0k
Gunjan Partani
Company Secretary & Compliance Officer0.58yrno datano data

0.6yrs

Average Tenure

Experienced Management: 531301's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Bhagwan Singh
Chairman & Whole Time Director6.17yrs₹120.00k0.97% 74.8k
Aishwarya Sethia
CFO & Additional Non Executive Director0.25yrno data1.16% 89.0k
Rajneesh Chindaliya
Non-Executive Independent Director13.83yrsno datano data
Rajdeep Ghiya
Non-Executive Independent Director13.67yrsno datano data
Devendra Palod
Non-Executive Independent Director13.67yrsno datano data

13.7yrs

Average Tenure

37yo

Average Age

Experienced Board: 531301's board of directors are seasoned and experienced ( 13.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: High Street Filatex Limited
  • Ticker: 531301
  • Exchange: BSE
  • Founded: 1994
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹7.680m
  • Shares outstanding: 647.00k
  • Website: https://www.highstreetfilatex.in

Location

  • High Street Filatex Limited
  • B-17, 22 Godam Industrial Area
  • IInd Floor
  • Jaipur
  • Rajasthan
  • 302006
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
531301BSE (Mumbai Stock Exchange)YesEquity SharesININRAug 2011

Biography

High Street Filatex Limited manufactures and trades in knitted socks, head bands, and wrist bands in India. The company offers baby, children, ladies/girls, men’s, sports, and anti-slip socks, as well as tights for babies and girls. It is also involved in the trading of yarn and commodities. The company was formerly known as Uni Legwears (India) Ltd. High Street Filatex Limited was founded in 1994 and is based in Jaipur, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/13 12:47
End of Day Share Price2019/08/16 00:00
Earnings2019/09/30
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.