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Last Updated on: 25 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Filatex India Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 25, 2024, 11:54 pm

Market Cap 2,789 Cr.
Current Price 62.8
High / Low78.0/44.0
Stock P/E24.1
Book Value 28.0
Dividend Yield0.32 %
ROCE12.7 %
ROE9.60 %
Face Value 1.00
PEG Ratio-1.90

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Filatex India Ltd

Competitors of Filatex India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0.59%0.49%0

All Competitor Stocks of Filatex India Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales7228536999651,0741,0901,0231,1631,0701,0471,0691,1081,083
Expenses6016645988409159449491,1171,0269801,0251,0541,008
Operating Profit12018910112515914674464467455475
OPM %17%22%14%13%15%13%7%4%4%6%4%5%7%
Other Income2547133710-67433
Interest166136896616317711
Depreciation15151516171616171818181818
Profit before tax91173781101481245834425243248
Tax %28%32%33%33%33%36%26%26%36%26%26%27%26%
Net Profit66118527498794325319182335
EPS in Rs1.502.681.181.642.181.740.980.570.060.420.400.520.79

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4731,2321,7691,5731,2781,5491,9332,8742,7822,2273,8284,3044,294
Expenses4411,1871,7271,4941,1911,4151,7772,6582,5601,8803,2974,0724,084
Operating Profit3245427988134157217222347531232210
OPM %7%4%2%5%7%9%8%8%8%16%14%5%5%
Other Income131210188111412927188
Interest4234054515944556159365962
Depreciation10212621212931455158636972
Profit before tax194-121433549313112224045912285
Tax %30%39%30%33%20%25%36%35%0%31%34%26%
Net Profit142-810264160851211663039062
EPS in Rs0.570.10-0.290.300.820.931.371.952.763.766.722.031.40
Dividend Payout %18%0%0%0%0%0%0%0%0%5%1%7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-85.71%-500.00%225.00%160.00%57.69%46.34%41.67%42.35%37.19%82.53%-70.30%
Change in YoY Net Profit Growth (%)0.00%-414.29%725.00%-65.00%-102.31%-11.35%-4.67%0.69%-5.16%45.34%-152.83%

Filatex India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:9%
5 Years:8%
3 Years:24%
TTM:-2%
Compounded Profit Growth
10 Years:28%
5 Years:6%
3 Years:-13%
TTM:86%
Stock Price CAGR
10 Years:34%
5 Years:28%
3 Years:11%
1 Year:24%
Return on Equity
10 Years:17%
5 Years:18%
3 Years:16%
Last Year:10%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 12:33 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital24283232444444444445444444
Reserves1261241381652823424295517181,0401,0551,1601,197
Borrowings403422419490535712594720588358304233220
Other Liabilities192203127194199340349306456579711661755
Total Liabilities7457777168811,0591,4381,4151,6211,8062,0232,1132,0982,217
Fixed Assets3993993884926299459281,1571,1351,2481,3431,3041,287
CWIP412186772251304264343
Investments0000000000116641
Other Assets342377326370425486415439541734753684846
Total Assets7457777168811,0591,4381,4151,6211,8062,0232,1132,0982,217

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-0-36286367189251157301304325168
Cash from Investing Activity +-72-251-110-125-300-83-234-113-86-114-102
Cash from Financing Activity +1258-314858119-15257-180-229-160-113
Net Cash Flow52-53-21-1815-218-1151-48

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow32.00-358.00-380.00-340.00-402.00-401.00-555.00-377.00-498.00-241.00173.00-72.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days414435624732131620141110
Inventory Days311532344748283063514445
Days Payable483423423555293268434442
Cash Conversion Cycle232644545925121315221113
Working Capital Days15303443391971324281014
ROCE %5%4%12%12%15%14%17%15%22%35%13%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters65.18%65.18%64.85%64.85%64.85%64.88%64.76%64.76%64.76%64.76%64.76%64.76%
FIIs0.00%0.00%0.00%6.37%6.18%6.14%6.04%5.95%5.89%5.94%5.20%5.22%
DIIs4.40%4.38%4.45%0.00%0.00%0.00%0.00%0.03%0.00%2.35%2.35%2.35%
Public30.42%30.43%30.70%28.76%28.96%28.99%29.21%29.26%29.36%26.96%27.69%27.68%
No. of Shareholders34,09445,48847,49345,97450,70354,29355,41355,04756,49865,89289,0661,15,588

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 19Mar 18Mar 17Mar 16Mar 15
FaceValue2.0010.0010.0010.0010.00
Basic EPS (Rs.)3.902.7510.208.193.12
Diluted EPS (Rs.)3.832.709.298.063.12
Cash EPS (Rs.)5.9720.8215.9714.849.43
Book Value[Excl.RevalReserv]/Share (Rs.)21.6588.5974.7265.4653.23
Book Value[Incl.RevalReserv]/Share (Rs.)21.6588.5974.7265.4653.23
Revenue From Operations / Share (Rs.)132.14443.12356.55399.44491.49
PBDIT / Share (Rs.)10.5038.5333.4030.6527.68
PBIT / Share (Rs.)8.4431.4426.7524.0021.25
PBT / Share (Rs.)6.0321.3112.4710.194.50
Net Profit / Share (Rs.)3.9113.739.318.193.00
NP After MI And SOA / Share (Rs.)3.9113.739.318.193.00
PBDIT Margin (%)7.948.699.367.675.63
PBIT Margin (%)6.387.097.506.004.32
PBT Margin (%)4.564.803.492.550.91
Net Profit Margin (%)2.953.092.612.050.61
NP After MI And SOA Margin (%)2.953.092.612.050.61
Return on Networth / Equity (%)18.0415.5012.4613.335.63
Return on Capital Employeed (%)17.5213.6716.3513.9616.37
Return On Assets (%)6.004.153.822.971.33
Long Term Debt / Equity (X)1.011.411.031.561.29
Total Debt / Equity (X)1.161.661.482.272.21
Asset Turnover Ratio (%)2.011.541.601.600.00
Current Ratio (X)1.081.091.131.071.02
Quick Ratio (X)0.600.640.700.770.62
Inventory Turnover Ratio (X)12.718.929.958.910.00
Interest Coverage Ratio (X)4.183.802.481.921.65
Interest Coverage Ratio (Post Tax) (X)2.512.351.751.381.18
Enterprise Value (Cr.)1659.831322.54988.31570.57452.52
EV / Net Operating Revenue (X)0.570.680.630.440.28
EV / EBITDA (X)7.277.896.805.825.11
MarketCap / Net Operating Revenue (X)0.400.360.330.090.05
Price / BV (X)2.461.841.610.630.53
Price / Net Operating Revenue (X)0.400.360.330.090.05
EarningsYield0.070.080.070.210.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Filatex India Ltd as of November 25, 2024 is: 64.99

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 25, 2024, Filatex India Ltd is Undervalued by 3.49% compared to the current share price 62.80

Intrinsic Value of Filatex India Ltd as of November 25, 2024 is: 56.74

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 25, 2024, Filatex India Ltd is Overvalued by 9.65% compared to the current share price 62.80

Last 5 Year EPS CAGR: -12.69%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of 23.00, which is a positive sign.
  2. The company has higher reserves (563.62 cr) compared to borrowings (461.38 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (38.15 cr) and profit (104.92 cr) over the years.
  1. The stock has a low average ROCE of 14.75%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 26.42, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Filatex India Ltd:
    1. Net Profit Margin: 2.95%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 17.52% (Industry Average ROCE: 0.59%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 18.04% (Industry Average ROE: 0.49%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 2.51
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.6
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 24.1 (Industry average Stock P/E: 0)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 1.16
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Filatex India Ltd. is a Public Limited Listed company incorporated on 08/08/1990 and has its registered office in the State of Dadra & Nagar Haveli, India. Company’s Corporate Identification Number(CIN) is L17119DN1990PLC000091 and registration number is 000091. Currently Company is involved in the business activities of Manufacture of semi-finished of plastic products (plastic plates, sheets, blocks, film, foil, strip etc.). Company’s Total Operating Revenue is Rs. 3828.09 Cr. and Equity Capital is Rs. 45.05 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Manmade Fibre - PFY/PSFS.No.274, Demni Road, Dadra Dadra & Nagar Haveli 396193fildadra@filatex.com
http://www.filatex.com
Management
NamePosition Held
Mr. Madhu Sudhan BhageriaChairman & Managing Director
Mr. Madhav BhageriaJoint Managing Director & CFO
Mr. Purrshottam BhaggeriaJoint Managing Director
Ms. Meenakshi MallikIndependent Director
Mr. Suraj Prakash SetiaIndependent Director
Mrs. Pallavi Joshi BakhruIndependent Director
Mr. Rajender Mohan MallaIndependent Director
Mr. Swarup Chandra ParijaIndependent Director
Mr. Manish VijIndependent Director

FAQ

What is the latest intrinsic value of Filatex India Ltd?

The latest intrinsic value of Filatex India Ltd as on 25 November 2024 is ₹64.99, which is 3.49% higher than the current market price of ₹62.80.

What is the Market Cap of Filatex India Ltd?

The Market Cap of Filatex India Ltd is 2,789 Cr..

What is the current Stock Price of Filatex India Ltd as on 25 November 2024?

The current stock price of Filatex India Ltd as on 25 November 2024 is 62.8.

What is the High / Low of Filatex India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Filatex India Ltd stocks is 78.0/44.0.

What is the Stock P/E of Filatex India Ltd?

The Stock P/E of Filatex India Ltd is 24.1.

What is the Book Value of Filatex India Ltd?

The Book Value of Filatex India Ltd is 28.0.

What is the Dividend Yield of Filatex India Ltd?

The Dividend Yield of Filatex India Ltd is 0.32 %.

What is the ROCE of Filatex India Ltd?

The ROCE of Filatex India Ltd is 12.7 %.

What is the ROE of Filatex India Ltd?

The ROE of Filatex India Ltd is 9.60 %.

What is the Face Value of Filatex India Ltd?

The Face Value of Filatex India Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Filatex India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE