Faze Three Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 12:59 am

Market Cap	1,081 Cr.
Current Price	445
High / Low	584/344
Stock P/E	30.0
Book Value	162
Dividend Yield	0.00 %
ROCE	16.0 %
ROE	13.1 %
Face Value	10.0
PEG Ratio	2.79

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Hisar Spinning Mills Ltd	25.9 Cr.	69.2	84.0/40.0	11.5	62.4	0.00 %	12.5 %	9.50 %	10.0
Rudra Ecovation Ltd	601 Cr.	57.2	82.6/29.1	1,430	9.01	0.00 %	1.92 %	4.05 %	1.00
H P Cotton Textile Mills Ltd	50.3 Cr.	128	194/110		38.5	0.00 %	4.39 %	6.57 %	10.0
Gujarat Hy-Spin Ltd	33.1 Cr.	19.8	20.7/8.50	31.2	11.2	0.00 %	4.31 %	0.90 %	10.0
Gem Spinners India Ltd	57.4 Cr.	9.35	10.6/3.27		0.31	0.00 %	9.62 %	%	5.00
Industry Average	3,498.96 Cr	217.99		99.19	126.10	0.29%	32.92%	11.11%	7.40

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	99.69	117.35	132.15	155.27	147.00	136.96	132.14	142.08	129.43	132.48	138.26	164.35	149.08
Expenses	86.55	96.43	109.26	132.63	123.60	113.14	109.28	117.81	110.10	110.09	114.87	145.92	132.65
Operating Profit	13.14	20.92	22.89	22.64	23.40	23.82	22.86	24.27	19.33	22.39	23.39	18.43	16.43
OPM %	13.18%	17.83%	17.32%	14.58%	15.92%	17.39%	17.30%	17.08%	14.93%	16.90%	16.92%	11.21%	11.02%
Other Income	3.26	1.72	0.54	1.46	1.14	0.91	2.04	1.49	4.85	2.40	1.63	1.88	2.45
Interest	0.80	0.84	2.45	0.90	1.66	1.53	1.88	2.77	2.94	2.84	2.66	2.81	3.01
Depreciation	2.54	2.36	2.69	2.60	3.01	3.71	3.67	4.08	4.52	4.96	5.37	5.75	5.83
Profit before tax	13.06	19.44	18.29	20.60	19.87	19.49	19.35	18.91	16.72	16.99	16.99	11.75	10.04
Tax %	30.63%	30.09%	30.84%	23.45%	26.57%	26.27%	25.01%	21.58%	26.02%	25.90%	25.19%	24.09%	27.69%
Net Profit	9.06	13.59	12.65	15.77	14.59	14.37	14.51	14.83	12.37	12.59	12.71	8.92	7.26
EPS in Rs	3.73	5.59	5.20	6.48	6.00	5.91	5.97	6.10	5.09	5.18	5.23	3.67	2.99

Last Updated: October 7, 2024, 8:05 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 2:29 pm

Month	Mar 2007	Mar 2008	Mar 2009	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	115	111	139	240	269	302	324	504	558	565	584
Expenses	105	109	153	220	241	269	277	422	457	467	504
Operating Profit	9	3	-15	19	28	34	48	82	102	97	81
OPM %	8%	3%	-11%	8%	10%	11%	15%	16%	18%	17%	14%
Other Income	10	16	15	11	2	4	2	7	6	7	8
Interest	8	8	13	8	7	9	6	8	15	22	11
Depreciation	4	4	5	7	5	8	9	10	14	21	22
Profit before tax	8	7	-18	16	18	21	35	71	78	62	56
Tax %	47%	28%	4%	-8%	16%	14%	29%	28%	25%	25%
Net Profit	4	5	-19	17	15	18	25	51	58	47	41
EPS in Rs	3.42	4.10	-15.61	6.92	6.19	7.46	10.25	21.00	23.97	19.16	17.07
Dividend Payout %	35%	0%	0%	7%	0%	7%	0%	0%	2%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2007-2008	2008-2009	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	25.00%	-480.00%	-11.76%	20.00%	38.89%	104.00%	13.73%	-18.97%
Change in YoY Net Profit Growth (%)	0.00%	-505.00%	468.24%	31.76%	18.89%	65.11%	-90.27%	-32.69%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2007-2008 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	16%
3 Years:	20%
TTM:	13%

Compounded Profit Growth
10 Years:	%
5 Years:	26%
3 Years:	24%
TTM:	-34%

Stock Price CAGR
10 Years:	39%
5 Years:	67%
3 Years:	18%
1 Year:	1%

Return on Equity
10 Years:	%
5 Years:	15%
3 Years:	17%
Last Year:	13%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 1:43 pm

Month	Mar 2007	Mar 2008	Mar 2009	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	12	12	12	24	24	24	24	24	24	24	24
Reserves	54	59	40	148	161	177	202	254	310	356	371
Borrowings	88	114	128	74	67	66	103	167	174	170	173
Other Liabilities	25	30	42	15	17	17	27	42	38	43	57
Total Liabilities	179	214	222	261	270	285	357	488	547	593	624
Fixed Assets	80	86	91	113	121	137	141	161	216	252	262
CWIP	2	12	15	1	0	1	1	4	4	7	22
Investments	6	6	6	0	0	0	0	10	12	14	19
Other Assets	91	110	110	146	149	147	214	312	314	321	322
Total Assets	179	214	222	261	270	285	357	488	547	593	624

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2007	Mar 2008	Mar 2009	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	13	-20	8	-13	37	31	9	-7	110	37
Cash from Investing Activity +	-13	-20	-13	-4	-15	-5	-53	-51	-44	-44
Cash from Financing Activity +	24	18	4	18	-13	-22	31	61	-6	-19
Net Cash Flow	23	-22	-1	0	9	4	-13	3	60	-26

Free Cash Flow

Month	Mar 2007	Mar 2008	Mar 2009	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-79.00	-111.00	-143.00	-55.00	-39.00	-32.00	-55.00	-85.00	-72.00	-73.00

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

Month	Mar 2007	Mar 2008	Mar 2009	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	47	119	99	61	61	53	78	59	63	49
Inventory Days	188	263	203	228	203	161	169	192	121	189
Days Payable	69	104	120	21	25	18	32	36	24	26
Cash Conversion Cycle	165	279	182	268	239	196	215	215	160	211
Working Capital Days	157	286	202	186	143	126	155	147	111	132
ROCE %		9%	-3%		10%	11%	14%	20%	19%	16%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	51.28%	51.28%	51.45%	51.45%	51.54%	56.16%	56.16%	56.16%	56.16%	56.16%	56.16%	56.16%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.12%	0.36%	0.47%	0.44%	0.47%	0.29%
Public	48.72%	48.72%	48.55%	48.55%	48.46%	43.84%	43.72%	43.47%	43.38%	43.40%	43.35%	43.56%
No. of Shareholders	5,710	7,170	7,111	7,492	7,751	7,264	8,277	11,131	13,600	12,606	11,924	12,635

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Taurus Mid Cap Fund	70,884	2.26	2.99	70,884	2024-12-11	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	19.16	23.97	21.00	10.25	7.46
Diluted EPS (Rs.)	19.16	23.97	21.00	10.25	7.46
Cash EPS (Rs.)	27.63	29.92	25.19	13.89	10.73
Book Value[Excl.RevalReserv]/Share (Rs.)	133.46	114.47	91.25	70.36	60.15
Book Value[Incl.RevalReserv]/Share (Rs.)	156.52	137.59	114.43	92.98	82.83
Revenue From Operations / Share (Rs.)	232.12	229.51	207.43	133.47	124.25
PBDIT / Share (Rs.)	38.77	41.09	35.60	20.50	15.52
PBIT / Share (Rs.)	30.30	35.14	31.41	16.86	12.25
PBT / Share (Rs.)	25.68	31.92	29.36	14.53	8.71
Net Profit / Share (Rs.)	19.16	23.97	21.00	10.25	7.46
NP After MI And SOA / Share (Rs.)	19.16	23.97	21.00	10.25	7.46
PBDIT Margin (%)	16.70	17.90	17.16	15.35	12.49
PBIT Margin (%)	13.05	15.31	15.14	12.63	9.85
PBT Margin (%)	11.06	13.90	14.15	10.88	7.00
Net Profit Margin (%)	8.25	10.44	10.12	7.68	6.00
NP After MI And SOA Margin (%)	8.25	10.44	10.12	7.68	6.00
Return on Networth / Equity (%)	14.35	20.94	23.01	14.56	12.40
Return on Capital Employeed (%)	18.50	24.25	26.22	17.31	13.88
Return On Assets (%)	7.85	10.67	10.47	6.99	6.37
Long Term Debt / Equity (X)	0.00	0.00	0.00	0.05	0.08
Total Debt / Equity (X)	0.48	0.57	0.71	0.59	0.45
Asset Turnover Ratio (%)	0.99	1.08	1.19	1.01	1.08
Current Ratio (X)	1.65	1.64	1.57	1.73	1.94
Quick Ratio (X)	0.96	1.22	0.97	1.15	1.08
Inventory Turnover Ratio (X)	2.69	2.21	2.79	2.51	2.10
Interest Coverage Ratio (X)	8.38	12.75	17.35	8.78	4.38
Interest Coverage Ratio (Post Tax) (X)	5.14	8.44	11.24	5.39	3.11
Enterprise Value (Cr.)	955.25	824.63	867.43	241.95	117.97
EV / Net Operating Revenue (X)	1.69	1.48	1.72	0.74	0.39
EV / EBITDA (X)	10.13	8.25	10.02	4.85	3.13
MarketCap / Net Operating Revenue (X)	1.54	1.38	1.52	0.56	0.22
Price / BV (X)	2.67	2.76	3.45	1.07	0.46
Price / Net Operating Revenue (X)	1.54	1.38	1.52	0.56	0.22
EarningsYield	0.05	0.07	0.06	0.13	0.26

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 649.39

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 December 21, 2024, is Undervalued by 45.93% compared to the current share price 445.00

Intrinsic Value of as of December 21, 2024 is: 719.13

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 December 21, 2024, is Undervalued by 61.60% compared to the current share price 445.00

Last 5 Year EPS CAGR: 10.74%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (193.82 cr) compared to borrowings (120.36 cr), indicating strong financial stability. The company has shown consistent growth in sales (337.36 cr) and profit (32.18 cr) over the years.	The stock has a low average ROCE of 9.60%, which may not be favorable. The stock has a high average Working Capital Days of 164.50, which may not be favorable. The stock has a high average Cash Conversion Cycle of 213.00, which may not be favorable.

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 :
1. Net Profit Margin: 8.25%
  - 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: 18.5% (Industry Average ROCE: 31.28%)
  - 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%: 14.35% (Industry Average ROE: 8.89%)
  - 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): 5.14
  - 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: 0.96
  - 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: 30 (Industry average Stock P/E: 71.91)
  - 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: 0.48
  - 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

Faze Three Ltd. is a Public Limited Listed company incorporated on 09/01/1985 and has its registered office in the State of Dadra & Nagar Haveli, India. Company’s Corporate Identification Number(CIN) is L99999DN1985PLC000197 and registration number is 000197. Currently Company is involved in the business activities of Manufacture of made-up textile articles, except apparel. Company’s Total Operating Revenue is Rs. 505.01 Cr. and Equity Capital is Rs. 24.32 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Textiles - Spinning - Cotton Blended	Survey No. 380/1, Khanvel Silvassa Road, Silvassa Dadra & Nagar Haveli 396230	cs@fazethree.com http://www.fazethree.com

Management
Name	Position Held
Mr. Ajay Anand	Chairman & Managing Director
Mr. Sanjay Anand	Whole Time Director
Mr. Manan Shah	Independent Director
Mr. Vinit Rathod	Independent Director
Mrs. Rashmi Anand	Non Executive Director
Mr. James Barry Leonard	Independent Director
Mr. Chuji Kondo	Independent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹649.39, which is 45.93% higher than the current market price of ₹445.00. The stock has a market capitalization of 1,081 Cr. and recorded a high/low of 584/344 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹371 Cr and total liabilities of ₹624 Cr.

What is the Market Cap of ?

The Market Cap of is 1,081 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 445.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 584/344.

What is the Stock P/E of ?

The Stock P/E of is 30.0.

What is the Book Value of ?

The Book Value of is 162.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 16.0 %.

What is the ROE of ?

The ROE of is 13.1 %.

What is the Face Value of ?

The Face Value of is 10.0.