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Last Updated on: 13 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Filatex India Ltd

About the Company - Filatex India Ltd

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
Mr. Ashok ChauhanExecutive Director
Mr. Suraj Prakash SetiaIndependent Director
Mrs. Pallavi Joshi BakhruIndependent Director
Mr. Rajender Mohan MallaIndependent Director
Mr. Swarup Chandra ParijaIndependent Director

Basic Stock Data of Filatex India Ltd

Last Updated: June 12, 2024, 10:48 pm

Market Cap 2,414 Cr.
Current Price 54.4
High / Low78.0/37.4
Stock P/E21.9
Book Value 27.1
Dividend Yield0.27 %
ROCE12.6 %
ROE9.61 %
Face Value 1.00
PEG Ratio-1.73

Filatex India Ltd Quarterly Results

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: June 7, 2024, 8:45 am

Filatex India Ltd Quarterly Chart

Filatex India Ltd Profit & Loss

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%

Filatex India Ltd Profit & Loss Yearly Chart

Filatex India Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:8%
3 Years:24%
TTM:0%
Compounded Profit Growth
10 Years:28%
5 Years:6%
3 Years:-13%
TTM:23%
Stock Price CAGR
10 Years:35%
5 Years:22%
3 Years:0%
1 Year:40%
Return on Equity
10 Years:17%
5 Years:18%
3 Years:16%
Last Year:10%

Last Updated: June 8, 2024, 6:03 pm

Filatex India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital24242832324444444444454444
Reserves1221261241381652823424295517181,0401,0551,090
Borrowings260403422419490535712594720588358304295
Other Liabilities53192203127194199340349306456579711749
Total Liabilities4597457777168811,0591,4381,4151,6211,8062,0232,1132,179
Fixed Assets1773993993884926299459281,1571,1351,2481,3431,331
CWIP185412186772251304269
Investments000000000001111
Other Assets97342377326370425486415439541734753827
Total Assets4597457777168811,0591,4381,4151,6211,8062,0232,1132,179

Filatex India Ltd Reserves and Borrowings Chart

Filatex India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 57-0-36286367189251157301304325
Cash from Investing Activity -227-72-251-110-125-300-83-234-113-86-114
Cash from Financing Activity 1731258-314858119-15257-180-229-160
Net Cash Flow352-53-21-1815-218-1151

Filatex India Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days414435624732131620141110
Inventory Days311532344748283063514443
Days Payable483423423555293268434440
Cash Conversion Cycle232644545925121315221113
Working Capital Days15303443391971324281019
ROCE %5%4%12%12%15%14%17%15%22%35%13%

Filatex India Ltd Financial Efficiency Indicators Chart

Filatex India Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters64.99%65.18%65.18%65.18%64.85%64.85%64.85%64.88%64.76%64.76%64.76%64.76%
FIIs0.00%0.00%0.00%0.00%0.00%6.37%6.18%6.14%6.04%5.95%5.89%5.94%
DIIs4.49%4.40%4.40%4.38%4.45%0.00%0.00%0.00%0.00%0.03%0.00%2.35%
Public30.52%30.42%30.42%30.43%30.70%28.76%28.96%28.99%29.21%29.26%29.36%26.96%
No. of Shareholders23,45425,92634,09445,48847,49345,97450,70354,29355,41355,04756,49865,892

Filatex India Ltd Shareholding Pattern Chart

No. of Filatex India Ltd Shareholders

This stock is not held by any mutual fund

Filatex India Ltd ROCE Trend

Filatex India Ltd EPS Trend

Filatex India Ltd 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

Filatex India Ltd Profitability Ratios (%)

Filatex India Ltd Liquidity Ratios

Filatex India Ltd Liquidity Ratios (%)

Filatex India Ltd Interest Coverage Ratios (%)

Filatex India Ltd Valuation Ratios

Fair Value

Fair Value: 57.19

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.

Undervalued: 5.13% compared to the current price 54.4

Intrinsic Value: 49.93

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 8.22% compared to the current price ₹54.4

Last 5 Year EPS CAGR: -12.69%

*Investments are subject to market risks

Strength and Weakness of Filatex India Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of 23.42, which is a positive sign.
  2. The company has higher reserves (475.54 cr) compared to borrowings (469.23 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 13.67%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 26.42, which may not be favorable.

FAQ

What is the latest fair value of Filatex India Ltd?

The latest fair value of Filatex India Ltd is ₹57.19.

What is the Market Cap of Filatex India Ltd?

The Market Cap of Filatex India Ltd is 2,414 Cr..

What is the current Stock Price of Filatex India Ltd as on 13 June 2024?

The current stock price of Filatex India Ltd as on 13 June 2024 is ₹54.4.

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 78.0/37.4.

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

The Stock P/E of Filatex India Ltd is 21.9.

What is the Book Value of Filatex India Ltd?

The Book Value of Filatex India Ltd is 27.1.

What is the Dividend Yield of Filatex India Ltd?

The Dividend Yield of Filatex India Ltd is 0.27 %.

What is the ROCE of Filatex India Ltd?

The ROCE of Filatex India Ltd is 12.6 %.

What is the ROE of Filatex India Ltd?

The ROE of Filatex India Ltd is 9.61 %.

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