Faze Three Ltd

Faze Three Ltd

₹ 432 -2.61%
27 Feb 3:13 p.m.
About

Faze Three Limited, established in 1985, is primarily engaged in manufacturing and exports of end home textile products items like bathmats, rugs, blankets, throws, cushions, etc. The company has diversified its product mix across categories in the Home Textile segment and is also a direct exporter to top retail store chains in USA, UK and Europe. [1][2]

Key Points

Product Portfolio
Divergent Textile Products: The Co manufactures several Divergent Textile Products like RePOLY, Germieshield, Protector Yarn, Adjustor Yarn, Boost Yarn and Face Masks. [1]
Home & Decorative Textiles: It manufactures and exports a wide range of Home & decorative textiles like Bath mats, pillows, area rugs, top of the beds, kitchen supplies and curtains. [2]
Automotive & Technical Textiles: The Co is also engaged in the manufacturing of Automotive seat covers, Outdoor furniture textiles, etc. [3]

  • Market Cap 1,050 Cr.
  • Current Price 432
  • High / Low 540 / 261
  • Stock P/E 21.0
  • Book Value 148
  • Dividend Yield 0.11 %
  • ROCE 19.1 %
  • ROE 18.6 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 27.8% CAGR over last 5 years

Cons

* 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

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
96 108 100 121 128 156 146 135 133 133 128 128 129
82 92 87 100 106 133 123 112 111 110 109 107 108
Operating Profit 14 15 13 21 23 23 23 24 22 23 19 21 21
OPM % 15% 14% 13% 17% 18% 15% 16% 18% 17% 17% 15% 17% 17%
1 1 3 2 1 1 1 1 2 1 5 3 2
Interest 1 2 1 1 2 1 2 2 2 2 3 3 3
Depreciation 2 2 3 2 3 3 3 4 4 4 4 5 5
Profit before tax 11 12 13 19 18 21 20 19 19 18 16 17 15
Tax % 28% 30% 31% 30% 31% 23% 27% 26% 25% 22% 26% 26% 26%
8 9 9 14 12 16 15 14 14 14 12 12 11
EPS in Rs 3.37 3.53 3.73 5.58 5.14 6.54 5.98 5.87 5.86 5.91 4.97 5.01 4.70
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
187 189 231 218 242 244 240 266 302 324 505 548 518
190 186 208 202 213 224 220 236 267 276 423 448 434
Operating Profit -2 2 23 16 28 19 19 30 35 48 82 100 85
OPM % -1% 1% 10% 7% 12% 8% 8% 11% 12% 15% 16% 18% 16%
-29 -4 -5 -1 1 23 11 2 4 2 7 6 11
Interest 24 15 15 14 14 8 8 7 9 6 8 15 11
Depreciation 11 5 5 5 14 7 7 5 8 9 10 14 18
Profit before tax -66 -21 -1 -4 2 27 16 19 22 35 71 77 67
Tax % -5% -2% -11% 0% 0% -39% -8% 15% 14% 29% 28% 25%
-69 -22 -2 -4 2 38 17 16 19 25 51 57 50
EPS in Rs -56.25 -17.65 -1.26 -3.53 1.26 16.25 6.92 6.70 7.92 10.28 21.00 23.62 20.59
Dividend Payout % 0% 0% 0% 0% 0% 0% 7% 0% 6% 0% 0% 2%
Compounded Sales Growth
10 Years: 11%
5 Years: 18%
3 Years: 22%
TTM: -9%
Compounded Profit Growth
10 Years: 20%
5 Years: 28%
3 Years: 44%
TTM: -15%
Stock Price CAGR
10 Years: 49%
5 Years: 63%
3 Years: 93%
1 Year: 64%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 17%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 12 12 12 12 12 23 24 24 24 24 24 24 24
Reserves -24 -46 -47 -52 -50 128 148 162 180 204 256 312 336
75 74 81 68 60 52 74 67 66 103 167 173 162
148 172 204 229 211 42 15 18 17 27 42 33 39
Total Liabilities 211 213 251 258 233 245 261 271 287 359 489 542 562
83 80 77 76 65 112 113 121 137 141 161 212 231
CWIP 0 0 0 0 0 0 1 0 1 1 4 4 7
Investments 1 0 0 0 0 0 3 3 3 3 13 15 15
127 133 174 181 167 132 144 148 147 214 312 311 310
Total Assets 211 213 251 258 233 245 261 271 287 359 489 542 562

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
48 16 0 30 23 -33 -14 37 31 9 -7 109
-1 0 -1 -3 -3 18 -4 -15 -5 -53 -51 -47
-44 -15 -4 -27 -19 15 18 -13 -22 31 61 -6
Net Cash Flow 3 1 -5 -0 0 -0 0 9 4 -13 3 56

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 59 64 73 89 78 59 61 62 55 82 63 63
Inventory Days 268 277 299 313 272 207 221 205 158 162 180 119
Days Payable 117 130 143 149 62 67 21 26 18 31 35 18
Cash Conversion Cycle 210 211 229 253 289 199 260 241 195 212 209 163
Working Capital Days -51 -78 -12 -43 -38 137 182 144 127 156 147 112
ROCE % 0% 5% 47% 35% 61% 29% 10% 11% 12% 14% 20% 19%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
49.49% 49.49% 50.26% 51.28% 51.28% 51.45% 51.45% 51.54% 56.16% 56.16% 56.16% 56.16%
4.52% 2.47% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.12% 0.36% 0.47%
45.99% 48.04% 49.74% 48.72% 48.72% 48.55% 48.55% 48.46% 43.84% 43.72% 43.47% 43.38%
No. of Shareholders 3,8223,8955,0765,7107,1707,1117,4927,7517,2648,27711,13113,600

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Concalls