Filatex Fashions Ltd

₹ 6.98 -2.24%
May 17 - close price
About

Incorporated in 1995, Filatex Fashions Limited is engaged in the business of manufacturing socks.

Key Points

Product Portfolio:[1]
a) Tuscany These are range of luxury socks, produced with high quality luxury yarns, having signature hand-linked seams.
b) Smart Man Smart Man is a range of business and casual wear. Made using traditional methods, the range includes multi coloured fun socks, walking socks, bed socks and everyday socks made from pure cotton.
c) Vogue4all.com is company's online store for global designer wear collection. Products range varies from ethnic wear to handbags and backpacks.

  • Market Cap 67.6 Cr.
  • Current Price 6.98
  • High / Low 9.66 / 2.49
  • Stock P/E 121
  • Book Value 7.04
  • Dividend Yield 0.29 %
  • ROCE 0.25 %
  • ROE 0.18 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.99 times its book value
  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of -13.22% over past five years.
  • Promoter holding is low: 1.54%
  • Company has a low return on equity of 0.72% for last 3 years.
  • Company has high debtors of 928.31 days.
  • Promoter holding has decreased over last 3 years: -3.68%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Figures in Rs. Crores

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
19.28 18.97 18.62 17.88 3.20 0.44 2.57 6.37 7.93 6.47 7.77 34.85
19.23 18.73 18.36 17.53 4.18 0.68 2.43 6.03 7.60 6.27 7.64 34.13
Operating Profit 0.05 0.24 0.26 0.35 -0.98 -0.24 0.14 0.34 0.33 0.20 0.13 0.72
OPM % 0.26% 1.27% 1.40% 1.96% -30.62% -54.55% 5.45% 5.34% 4.16% 3.09% 1.67% 2.07%
0.34 0.00 0.00 0.00 1.55 0.00 0.00 0.00 0.09 0.00 0.00 0.00
Interest 0.01 0.01 0.02 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.18
Depreciation 0.18 0.12 0.14 0.14 0.10 0.10 0.10 0.10 0.19 0.13 0.12 0.11
Profit before tax 0.20 0.11 0.10 0.20 0.47 -0.34 0.04 0.24 0.22 0.07 0.01 0.43
Tax % 10.00% 18.18% 30.00% 20.00% 27.66% 0.00% 25.00% 29.17% 18.18% 28.57% 100.00% 25.58%
Net Profit 0.18 0.09 0.07 0.16 0.34 -0.34 0.03 0.17 0.18 0.05 0.01 0.32
EPS in Rs 0.06 0.03 0.02 0.02 0.04 -0.04 0.00 0.02 0.02 0.01 0.00 0.03

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
38.71 38.44 61.45 38.70 25.80 24.89 35.20 38.22 19.65 43.66 58.18 17.32 57.02
36.03 37.52 60.42 37.40 24.90 24.01 34.15 37.14 18.92 43.00 58.31 16.76 55.64
Operating Profit 2.68 0.92 1.03 1.30 0.90 0.88 1.05 1.08 0.73 0.66 -0.13 0.56 1.38
OPM % 6.92% 2.39% 1.68% 3.36% 3.49% 3.54% 2.98% 2.83% 3.72% 1.51% -0.22% 3.23% 2.42%
0.01 0.01 0.07 0.01 0.01 0.02 0.02 0.02 0.02 0.34 1.56 0.10 0.09
Interest 0.00 0.02 0.04 0.63 0.13 0.08 0.24 0.16 0.14 0.04 0.03 0.01 0.19
Depreciation 0.44 0.58 0.59 0.62 0.66 0.92 0.87 0.89 0.50 0.53 0.50 0.49 0.55
Profit before tax 2.25 0.33 0.47 0.06 0.12 -0.10 -0.04 0.05 0.11 0.43 0.90 0.16 0.73
Tax % 0.00% 33.33% 31.91% 0.00% 41.67% 30.00% 0.00% 220.00% 36.36% 30.23% 23.33% 25.00%
Net Profit 2.25 0.22 0.32 0.06 0.07 -0.06 -0.03 -0.06 0.06 0.30 0.68 0.12 0.56
EPS in Rs 1.89 0.16 0.23 0.04 0.05 -0.04 -0.01 -0.02 0.02 0.10 0.07 0.01 0.06
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 161.37%
Compounded Sales Growth
10 Years: -12%
5 Years: -13%
3 Years: -4%
TTM: 353%
Compounded Profit Growth
10 Years: -9%
5 Years: 43%
3 Years: 26%
TTM: 180%
Stock Price CAGR
10 Years: 5%
5 Years: 12%
3 Years: 36%
1 Year: 168%
Return on Equity
10 Years: %
5 Years: 1%
3 Years: 1%
Last Year: 0%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
5.95 6.90 6.90 6.90 6.90 8.35 14.53 14.53 14.53 14.53 48.41 48.41
Reserves 6.89 10.45 10.77 11.15 11.22 12.60 18.75 18.68 18.75 19.05 19.66 19.78
Borrowings 0.30 0.25 1.83 3.98 6.77 8.23 2.01 4.32 1.46 0.92 0.38 0.10
24.41 19.39 9.47 13.99 36.05 56.09 61.74 2.61 9.63 30.32 12.89 17.46
Total Liabilities 37.55 36.99 28.97 36.02 60.94 85.27 97.03 40.14 44.37 64.82 81.34 85.75
6.54 5.66 6.01 5.48 4.92 4.55 3.67 2.91 2.41 2.66 2.43 1.94
CWIP 0.00 0.00 0.00 1.35 0.00 1.35 1.35 1.35 1.35 1.35 1.35 1.35
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
31.01 31.33 22.96 29.19 56.02 79.37 92.01 35.88 40.61 60.81 77.56 82.46
Total Assets 37.55 36.99 28.97 36.02 60.94 85.27 97.03 40.14 44.37 64.82 81.34 85.75

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
0.71 -3.37 -1.14 -2.63 -1.77 -7.95 -2.74 -4.94 -13.26 -15.37 -2.59
-1.48 0.30 -0.88 0.00 -0.54 0.00 -0.11 0.01 -0.45 1.26 0.00
0.63 3.12 1.58 0.00 5.17 5.87 2.12 5.25 13.91 13.64 3.33
Net Cash Flow -0.14 0.05 -0.44 -2.63 2.85 -2.09 -0.74 0.32 0.20 -0.47 0.75

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 251.66 245.93 100.56 202.40 646.39 1,012.15 863.25 270.17 561.71 326.96 270.52 928.31
Inventory Days 19.54 16.27 15.76 37.78 73.93 40.04 31.60 6.78 13.01 5.62 4.28 30.77
Days Payable 237.09 192.54 55.63 114.14 546.03 873.02 654.89 1.75 7.04 59.24 59.34 215.42
Cash Conversion Cycle 34.11 69.66 60.69 126.04 174.29 179.16 239.96 275.20 567.68 273.34 215.46 743.66
Working Capital Days 65.15 105.11 77.99 106.58 204.99 230.67 252.39 292.61 629.88 310.07 244.17 880.89
ROCE % 18.67% 2.28% 2.75% 1.07% -0.07% 0.62% 0.58% 0.69% 1.36% 1.81% 0.25%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
5.23 5.13 1.54 1.54 1.54 1.54 1.54 1.54 1.54 1.54 1.23 1.54
0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
94.77 94.87 98.45 98.45 98.45 98.45 98.45 98.45 98.45 98.45 98.77 98.46

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