Faze Three Autofab Ltd

Faze Three Autofab Ltd

₹ 91.8 -0.16%
06 Nov 2023
About

Incorporated in 1997, Faze Three Autofab Ltd does manufacturing of technical textiles for automotive[1]

Key Points

Business Overview:[1]
FTAL is the automotive fabric division of the Faze Three group. It is engaged in designing, development and manufacturing automotive textiles (specialized in car seat cover fabric) and is a leading supplier of Auto motive Fabrics to all Tier-1, Tier-2 of major OEM's. Company is a supplier of automotive fabrics to all major OEMs in India and globally

  • Market Cap 98.5 Cr.
  • Current Price 91.8
  • High / Low 120 / 48.0
  • Stock P/E 49.2
  • Book Value 51.0
  • Dividend Yield 0.00 %
  • ROCE 9.21 %
  • ROE 8.51 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Promoter holding has increased by 16.0% over last quarter.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.34% over past five years.
  • Company might be capitalizing the interest cost

* 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 - Processing

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Quarterly Results

Figures in Rs. Crores

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
39.24 42.81 40.48 32.43 38.58 41.70 83.32 50.09 39.34 38.93 40.11 42.86 54.01
32.94 36.03 33.75 27.11 31.76 34.22 78.77 44.90 35.27 35.46 37.90 39.86 51.44
Operating Profit 6.30 6.78 6.73 5.32 6.82 7.48 4.55 5.19 4.07 3.47 2.21 3.00 2.57
OPM % 16.06% 15.84% 16.63% 16.40% 17.68% 17.94% 5.46% 10.36% 10.35% 8.91% 5.51% 7.00% 4.76%
0.01 0.20 0.02 0.21 0.06 0.00 0.25 0.11 0.20 0.19 0.18 0.35 0.60
Interest 1.06 1.18 0.88 0.96 1.04 1.13 1.05 0.88 0.71 0.91 0.89 0.79 0.94
Depreciation 1.29 1.30 1.31 1.02 1.60 1.40 1.40 1.28 1.30 1.31 1.37 1.70 1.71
Profit before tax 3.96 4.50 4.56 3.55 4.24 4.95 2.35 3.14 2.26 1.44 0.13 0.86 0.52
Tax % 0.00% 33.33% 32.89% 12.39% 14.39% 22.42% -0.85% 27.71% 53.98% 56.94% -261.54% 33.72% 34.62%
3.96 3.00 3.06 3.11 3.63 3.84 2.37 2.27 1.04 0.62 0.47 0.57 0.34
EPS in Rs 3.69 2.80 2.85 2.90 3.39 3.58 2.21 2.12 0.97 0.58 0.44 0.53 0.32
Raw PDF

Profit & Loss

Figures in Rs. Crores

Jun 2012 Jun 2013 Jun 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
83 113 135 78 123 120 124 139 161 133 192 168 176
67 98 124 77 116 109 133 143 144 110 168 153 165
Operating Profit 15 15 11 1 6 11 -10 -4 17 23 24 15 11
OPM % 19% 13% 8% 1% 5% 9% -8% -3% 10% 17% 13% 9% 6%
0 1 1 1 1 0 0 0 1 1 1 1 1
Interest 7 7 9 6 1 5 4 5 5 4 4 3 4
Depreciation 4 4 4 3 5 4 4 4 5 5 5 5 6
Profit before tax 5 5 -1 -7 2 2 -18 -14 8 14 15 7 3
Tax % 26% 23% -18% 34% -10% -48% 0% 17% -7% 21% 14% 37%
4 4 -1 -5 2 3 -18 -11 9 11 13 4 2
EPS in Rs 3.26 3.45 -1.29 -4.49 1.59 2.44 -17.04 -10.56 8.41 10.36 12.08 4.10 1.87
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 6%
3 Years: 1%
TTM: -18%
Compounded Profit Growth
10 Years: 2%
5 Years: 18%
3 Years: -21%
TTM: -79%
Stock Price CAGR
10 Years: 8%
5 Years: 42%
3 Years: 11%
1 Year: 42%
Return on Equity
10 Years: 3%
5 Years: 17%
3 Years: 23%
Last Year: 9%

Balance Sheet

Figures in Rs. Crores

Jun 2012 Jun 2013 Jun 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 11 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 24 28 26 21 22 25 6 -5 15 26 39 43 44
57 62 69 68 70 65 71 72 57 62 69 52 48
19 32 37 42 29 21 11 27 32 22 15 13 26
Total Liabilities 111 133 143 142 132 121 99 105 114 121 134 119 128
56 55 55 53 52 50 46 48 52 49 47 46 44
CWIP 0 3 3 3 0 0 2 0 0 0 0 0 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
55 74 86 86 80 71 51 57 61 71 86 73 83
Total Assets 111 133 143 142 132 121 99 105 114 121 134 119 128

Cash Flows

Figures in Rs. Crores

Jun 2012 Jun 2013 Jun 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
12 9 0 10 -2 10 0 9 19 3 5 13
-5 -7 0 -1 -1 -2 -1 -5 -9 -2 -3 -4
-6 -1 0 -7 2 -9 -0 -4 -10 -1 6 -17
Net Cash Flow 1 1 0 2 -2 -0 -1 0 0 -0 8 -8

Ratios

Figures in Rs. Crores

Jun 2012 Jun 2013 Jun 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 115 114 82 125 100 102 96 92 92 132 90 88
Inventory Days 242 160 188 313 168 140 67 70 76 120 89 101
Days Payable 86 75 97 172 94 74 30 59 76 96 36 25
Cash Conversion Cycle 271 199 173 265 174 168 133 104 92 156 144 164
Working Capital Days 168 150 141 211 144 149 113 87 76 122 117 136
ROCE % 13% 12% 7% -1% 2% 7% -15% -11% 16% 20% 18% 9%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
74.74% 74.92% 74.92% 74.92% 74.92% 74.92% 74.92% 74.92% 74.92% 74.92% 74.92% 90.97%
25.26% 25.07% 25.07% 25.07% 25.07% 25.07% 25.07% 25.07% 25.06% 25.07% 25.06% 9.03%
No. of Shareholders 1,9091,9982,3552,9582,9903,1653,2413,1713,0993,0993,0912,787

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