Faze Three Ltd

₹ 387 -0.96%

24 Apr - close price

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, tops 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]

Website BSE NSE

Market Cap ₹ 942 Cr.
Current Price ₹ 387
High / Low ₹ 540 / 310
Stock P/E 18.8
Book Value ₹ 148
Dividend Yield 0.13 %
ROCE 19.1 %
ROE 18.6 %
Face Value ₹ 10.0

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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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Detailed Comparison with:

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
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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:	48%
5 Years:	51%
3 Years:	71%
1 Year:	8%

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

2 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	49.49%	50.26%	51.28%	51.28%	51.45%	51.45%	51.54%	56.16%	56.16%	56.16%	56.16%	56.16%
	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%	0.44%
	48.04%	49.74%	48.72%	48.72%	48.55%	48.55%	48.46%	43.84%	43.72%	43.47%	43.38%	43.40%
No. of Shareholders	3,895	5,076	5,710	7,170	7,111	7,492	7,751	7,264	8,277	11,131	13,600	12,606

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	41.33%	45.75%	45.75%	45.92%	49.49%	51.28%	56.16%	56.16%
	4.72%	4.52%	4.52%	4.52%	4.52%	0.00%	0.00%	0.00%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.44%
	53.95%	49.73%	49.73%	49.56%	45.99%	48.72%	43.84%	43.40%
No. of Shareholders	4,254	4,323	4,070	3,786	3,822	7,170	7,264	12,606

* 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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