BSE:532022

Stock Analysis Report

Executive Summary

Filatex Fashions Limited manufactures and sells socks in India.

Snowflake

Fundamentals

Adequate balance sheet with moderate growth potential.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

14.6%

532022

2.9%

IN Luxury

3.3%

IN Market


1 Year Return

9.6%

532022

14.9%

IN Luxury

7.1%

IN Market

Return vs Industry: 532022 underperformed the Indian Luxury industry which returned 14.9% over the past year.

Return vs Market: 532022 exceeded the Indian Market which returned 7.1% over the past year.


Shareholder returns

532022IndustryMarket
7 Day14.6%2.9%3.3%
30 Day29.7%1.5%2.9%
90 Day5.8%10.1%3.1%
1 Year10.7%9.6%15.8%14.9%9.4%7.1%
3 Year-59.2%-59.6%50.4%48.6%22.7%16.4%
5 Year-10.1%-11.0%108.8%105.1%44.0%30.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

21.85x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 532022 (₹2.75) is trading above our estimate of fair value (₹0.25)

Significantly Below Fair Value: 532022 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 532022 is poor value based on its PE Ratio (21.8x) compared to the Luxury industry average (10.1x).

PE vs Market: 532022 is poor value based on its PE Ratio (21.8x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 532022's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: Insufficient data to calculate 532022's PB Ratio to determine if it is good value.


Next Steps

Future Growth

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

37.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 532022's forecast earnings growth (37.4% per year) is above the savings rate (7.6%).

Earnings vs Market: 532022's earnings (37.4% per year) are forecast to grow faster than the Indian market (18.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if 532022's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if 532022's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 532022's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Filatex Fashions performed over the past 5 years?

57.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 532022 has become profitable over the past 5 years, growing earnings by 57.2% per year.

Accelerating Growth: 532022's earnings growth over the past year (187.7%) exceeds its 5-year average (57.2% per year).

Earnings vs Industry: 532022 earnings growth over the past year (187.7%) exceeded the Luxury industry 7.9%.


Return on Equity

High ROE: 532022's Return on Equity (0.9%) is considered low.


Return on Assets

ROA vs Industry: Insufficient data to calculate 532022's Return on Assets to determine if it is higher than the Luxury industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate 532022's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Filatex Fashions's financial position?


Financial Position Analysis

Short Term Liabilities: Insufficient data to determine if 532022's short term assets cover its short term liabilities

Long Term Liabilities: 532022 has no long term liabilities


Debt to Equity History and Analysis

Debt Level: 532022's debt to equity ratio (3.2%) is considered satisfactory

Reducing Debt: 532022's debt to equity ratio has reduced from 18.6% to 3.2% over the past 5 years.

Debt Coverage: Insufficient data to determine if 532022's debt is well covered by operating cash flow.

Interest Coverage: 532022's interest payments on its debt are well covered by EBIT (16.2x coverage).


Balance Sheet

Inventory Level: Insufficient data to determine if 532022 has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 532022's debt is covered by short term assets.


Next Steps

Dividend

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

0.73%

Current Dividend Yield


Dividend Yield vs Market

company0.7%marketbottom25%0.6%markettop25%2.4%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 532022's dividend (0.73%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: 532022's dividend (0.73%) is low compared to the top 25% of dividend payers in the Indian market (2.42%).

Stable Dividend: Too early to tell whether 532022's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 532022's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.9%), 532022's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Filatex Fashions's salary, the management and board of directors tenure and is there insider trading?

0.08yrs

Average management tenure


CEO

Prabhat Sethia (58yo)

10.3yrs

Tenure

0

Mr. Prabhat Sethia has been the Managing Director since July 1, 20019 and serves as Chairman of Filatex Fashions Ltd. He had been the Compliance Officer of Filatex Fashions Limited since July 1, 2009 until ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Prabhat's total compensation is reasonable compared to companies of similar size in the Indian market.

Compensation vs Earnings: Prabhat's compensation has been consistent with company performance over the past year.


Management Age and Tenure

0.08yrs

Average Tenure

Experienced Management: 532022's management team is not considered experienced ( 0.1 years average tenure), which suggests a new team.


Board Age and Tenure

1.8yrs

Average Tenure

55yo

Average Age

Experienced Board: 532022's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Insider Trading

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


Ownership Breakdown


Management Team

  • Prabhat Sethia (58yo)

    Chairman & MD

    • Tenure: 10.3yrs
  • Gaurav Kumar

    Company Secretary & Compliance Officer

    • Tenure: 0.08yrs
  • Ankit Sanghai

    Chief Financial Officer

    • Tenure: 0.08yrs

Board Members

  • Prabhat Sethia (58yo)

    Chairman & MD

    • Tenure: 10.3yrs
  • Sanjay Bora

    Independent Director

    • Tenure: 0yrs
  • Sangeeta Sethia (55yo)

    Director

    • Tenure: 5.2yrs
  • Mutyala Rao (43yo)

    Additional Non-Executive Independent Director

    • Tenure: 1.8yrs
  • Vallam Raghuram (56yo)

    Additional Non-Executive Independent Director

    • Tenure: 1.8yrs
  • Om Sharma (47yo)

    Independent Non-Executive Director

    • Tenure: 1.5yrs

Company Information

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


Key Information

  • Name: Filatex Fashions Limited
  • Ticker: 532022
  • Exchange: BSE
  • Founded: 1993
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹79.900m
  • Shares outstanding: 29.05m
  • Website: https://www.filatexfashions.com

Number of Employees


Location

  • Filatex Fashions Limited
  • MayFair Garden Apartments
  • 8-2-682/3/A & 3B
  • Hyderabad
  • Andhra Pradesh
  • 500034
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532022BSE (Mumbai Stock Exchange)YesEquity SharesININRNov 2005

Biography

Filatex Fashions Limited manufactures and sells socks in India. The company sells its products through supermarket chains and upper end retail stores. It also exports its products. Filatex Fashions Limited ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 12:39
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
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.