BSE:532022

Stock Analysis Report

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Executive Summary

Filatex Fashions Limited manufactures and sells socks in India. More Details


Snowflake Analysis

Excellent balance sheet and slightly overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 532022's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.4%

532022

3.4%

IN Luxury

1.8%

IN Market


1 Year Return

19.5%

532022

-3.0%

IN Luxury

9.5%

IN Market

Return vs Industry: 532022 exceeded the Indian Luxury industry which returned -3.8% over the past year.

Return vs Market: 532022 exceeded the Indian Market which returned 8.8% over the past year.


Shareholder returns

532022IndustryMarket
7 Day0.4%3.4%1.8%
30 Day-17.2%3.9%2.2%
90 Day-5.7%14.4%13.9%
1 Year20.6%19.5%-2.4%-3.0%11.6%9.5%
3 Year-20.4%-21.2%5.1%2.9%2.2%-2.7%
5 Year-78.3%-78.6%45.5%37.7%46.0%35.1%

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?

13.33x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 532022 (₹2.64) is trading above our estimate of fair value (₹0.2)

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 (13.3x) compared to the IN Luxury industry average (12.8x).

PE vs Market: 532022 is good value based on its PE Ratio (13.3x) compared to the Indian market (16.3x).


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: 532022 is good value based on its PB Ratio (0.1x) compared to the IN Luxury industry average (0.6x).


Next Steps

Future Growth

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

44.3%

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 Fashions 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 Fashions performed over the past 5 years?

67.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 532022 has high quality earnings.

Growing Profit Margin: 532022's current net profit margins (0.7%) are lower than last year (1.6%).


Past Earnings Growth Analysis

Earnings Trend: 532022 has become profitable over the past 5 years, growing earnings by 67.7% per year.

Accelerating Growth: 532022's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 532022 had negative earnings growth (-21.5%) over the past year, making it difficult to compare to the Luxury industry average (-22%).


Return on Equity

High ROE: 532022's Return on Equity (0.8%) is considered low.


Next Steps

Financial Health

How is Filatex Fashions's financial position?


Financial Position Analysis

Short Term Liabilities: 532022's short term assets (₹460.9M) exceed its short term liabilities (₹72.8M).

Long Term Liabilities: 532022's short term assets (₹460.9M) exceed its long term liabilities (₹2.8M).


Debt to Equity History and Analysis

Debt Level: 532022's debt to equity ratio (0.4%) is considered satisfactory.

Reducing Debt: 532022's debt to equity ratio has reduced from 32.2% to 0.4% 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 (10.4x coverage).


Balance Sheet


Next Steps

Dividend

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

0.76%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 532022's dividend (0.76%) is higher than the bottom 25% of dividend payers in the Indian market (0.55%).

High Dividend: 532022's dividend (0.76%) is low compared to the top 25% of dividend payers in the Indian market (2.25%).


Stability and Growth of Payments

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 (10.1%), 532022's dividend payments are thoroughly 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

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

1.0yrs

Average management tenure


CEO

Prabhat Sethia (59 yo)

11.17yrs

Tenure

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: Prabhat's total compensation ($USD0.00) is below average for companies of similar size in the Indian market ($USD49.00K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Prabhat Sethia
Chairman & MD11.17yrsno data1.23%
₹ 3.1m
Ankit Sanghai
Chief Financial Officer1yrno datano data
Gaurav Kumar
Company Secretary & Compliance Officer1yrno datano data

1.0yrs

Average Tenure

Experienced Management: 532022's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Prabhat Sethia
Chairman & MD11.17yrsno data1.23%
₹ 3.1m
Sanjay Bora
Independent Directorno datano datano data
Sangeeta Sethia
Director6.08yrsno datano data
Mutyala Rao
Additional Non-Executive Independent Director2.75yrsno datano data
Vallam Raghuram
Additional Non-Executive Independent Director2.75yrsno datano data
Om Sharma
Independent Non-Executive Director2.42yrsno data1.07%
₹ 2.7m

2.8yrs

Average Tenure

56yo

Average Age

Experienced Board: 532022's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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 been substantially diluted in the past year, with total shares outstanding growing by 233.2%.


Top Shareholders

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: ₹255.590m
  • Shares outstanding: 96.81m
  • 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 Analysis2020/09/17 19:13
End of Day Share Price2020/09/17 00:00
Earnings2019/12/31
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.