Filatex India Ltd

About [ edit ]

Filatex India is manufacturer of Polyester Chips, Polyester/Nylon/Polypropylene Multi & Mono Filament Yarn and Narrow Fabrics.

  • Market Cap 2,167 Cr.
  • Current Price 97.8
  • High / Low 111 / 22.0
  • Stock P/E 13.1
  • Book Value 34.4
  • Dividend Yield 0.00 %
  • ROCE 22.7 %
  • ROE 24.5 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 49.52% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 11.74% over past five years.
  • Promoters have pledged 33.84% of their holding.

Peer comparison

Sector: Textiles Industry: Textiles - Manmade

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
704 718 746 706 697 680 738 667 145 508 722 853
647 653 706 651 645 628 682 605 151 463 601 664
Operating Profit 57 65 40 55 51 52 56 62 -6 45 120 189
OPM % 8% 9% 5% 8% 7% 8% 8% 9% -4% 9% 17% 22%
Other Income 1 4 3 5 3 2 1 6 1 1 2 5
Interest 16 27 6 5 12 9 17 22 18 19 16 6
Depreciation 11 11 11 11 11 12 14 14 14 14 15 15
Profit before tax 31 31 26 44 31 33 26 32 -37 13 91 173
Tax % 35% 34% 36% 36% 35% -87% 29% 34% 25% 26% 28% 32%
Net Profit 20 20 16 28 20 62 19 21 -28 9 66 118
EPS in Rs 0.93 0.93 0.75 1.29 0.91 2.81 0.85 0.96 -1.27 0.43 2.99 5.36

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
399 486 473 1,232 1,769 1,573 1,278 1,549 1,933 2,874 2,782 2,227
361 445 441 1,187 1,727 1,494 1,191 1,415 1,777 2,658 2,560 1,880
Operating Profit 38 41 32 45 42 79 87 134 157 217 222 347
OPM % 10% 9% 7% 4% 2% 5% 7% 9% 8% 8% 8% 16%
Other Income 1 1 1 3 12 10 18 8 11 14 12 9
Interest 5 5 4 23 40 54 51 59 44 55 61 59
Depreciation 9 9 10 21 26 21 21 29 31 45 51 58
Profit before tax 26 28 19 4 -12 14 33 54 93 131 122 240
Tax % 34% 32% 30% 39% 30% 33% 20% 25% 36% 35% 0% 31%
Net Profit 17 19 14 2 -8 10 26 41 60 85 121 166
EPS in Rs 2.01 2.22 1.14 0.20 -0.57 0.60 1.64 1.86 2.75 3.90 5.53 7.51
Dividend Payout % 10% 9% 18% 0% 0% 0% 0% 0% 0% 0% 0% 5%
Compounded Sales Growth
10 Years:16%
5 Years:12%
3 Years:5%
TTM:-20%
Compounded Profit Growth
10 Years:24%
5 Years:50%
3 Years:40%
TTM:36%
Stock Price CAGR
10 Years:29%
5 Years:48%
3 Years:36%
1 Year:258%
Return on Equity
10 Years:17%
5 Years:21%
3 Years:23%
Last Year:24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
17 17 24 24 28 32 32 44 44 44 44 44
Reserves 70 87 122 126 124 138 165 281 341 426 549 718
Borrowings 35 81 260 403 422 419 490 535 712 594 720 551
37 62 53 192 203 127 194 200 341 352 309 493
Total Liabilities 159 247 459 745 777 716 881 1,059 1,438 1,415 1,621 1,806
95 106 177 399 399 388 492 629 945 928 1,157 1,135
CWIP 7 33 185 4 1 2 18 6 7 72 25 130
Investments 0 0 0 0 0 0 0 0 0 0 0 0
58 108 97 342 377 326 370 425 486 415 439 541
Total Assets 159 247 459 745 777 716 881 1,059 1,438 1,415 1,621 1,806

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
8 16 57 -0 -36 28 63 67 189 251 157 301
-14 -65 -227 -72 -25 1 -110 -125 -300 -83 -234 -113
-7 49 173 125 8 -31 48 58 119 -152 57 -180
Net Cash Flow -13 -0 3 52 -53 -2 1 -1 8 15 -21 8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 26% 22% 8% 5% 4% 12% 12% 15% 14% 17% 15% 23%
Debtor Days 18 20 21 41 44 35 62 47 32 13 16 20
Inventory Turnover 15.78 10.74 8.24 15.96 20.97 15.27 10.23 10.13 9.32 13.24 13.40 7.41

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
57.99 57.99 58.08 58.22 57.72 58.71 59.73 60.60 60.46 60.47 65.23 65.23
5.47 5.53 5.02 5.22 4.96 5.01 4.93 5.41 5.12 5.40 4.54 4.50
36.54 36.48 36.90 36.56 37.32 36.28 35.35 33.98 34.42 34.13 30.23 30.27

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