Filatex India Ltd. News and Updates

Name: Latest research reports of Filatex India Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Filatex India Ltd.
Rating: 5
Author: ICICI Securities Limited

Keep track of all breaking news on Filatex India Ltd. from all sources in a single place.

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Filatex India Ltd.

27 Jul 2021

54.11

-0.24%

Filatex India Standalone June 2021 Net Sales at Rs 698.91 crore, up 381.97% Y-o-Y

Moneycontrol

NULL

Filatex India Ltd. has gained 37.61% in the last 6 Months

Filatex India Ltd.

22 Apr 2021

54.11

-0.24%

Filatex India Q4 profit jumps over 5-folds to 118.39 crore

Business Line

The total income was at 858.16 crore

Filatex India Ltd. is trading below its 30 day SMA of 54.5

Filatex India Ltd.

14 Jan 2021

54.11

-0.24%

Filatex India Standalone December 2020 Net Sales at Rs 721.59 crore, down 2.19% Y-o-Y

Moneycontrol

NULL

Filatex India Ltd. has gained 37.61% in the last 6 Months

Filatex India Ltd.

14 Jan 2021

54.11

-0.24%

Filatex India

Buy: Filatex India Ltd.

Target

ICICI Securities Limited

FIL has enhanced its focus on value added products like FDY, DTY which provide better margins than chips, POY. The share of value added products in Q3FY21 was ~ 85% of revenues. We expect the share of value added products to increase from 65% in FY20 to ~ 82% in FY22E. This would provide a fillip to the margin profile of the company. Also, the company's 30 MW thermal power plant is expected to be operational from April 2021, which is expected to result in annual power cost saving to the tune of | 4045 crore, thereby further aiding improvement in EBITDA margins. From a longer term perspective, the company is planning to foray into recycled...

Filatex India Ltd. is trading below its 30 day SMA of 54.5

Filatex India Ltd.

13 Jan 2021

54.11

-0.24%

Filatex India Standalone December 2020 Net Sales at Rs 721.59 crore, down 2.19% Y-o-Y

Moneycontrol

NULL

Filatex India Ltd. is trading above its 200 day SMA of 51.5

Filatex India Ltd.

05 Jan 2021

54.11

-0.24%

This textile stock has rallied over 100% in 2 months as promoters up stake

Business Standard

Between November 19 and December 22, the promoters of Filatex India purchased 11.93 million equity shares worth Rs 41 crore

Filatex India Ltd. is trading below its 30 day SMA of 54.5

Filatex India Ltd.

23 Dec 2020

54.11

-0.24%

Filatex India

Buy: Filatex India Ltd.

Target

ICICI Securities Limited

Product realisations across polyester oriented yarn (POY), fully drawn yarn, drawn textured yarn (DTY) have improved from October 2020 while raw material prices have not risen in similar proportion. This has led product spreads to improve for Indian polyester yarn manufacturers. Filatex being a major player in the Indian polyester industry appears well placed to benefit from enhanced margin profile for products like polyester chips, POY/FDY, DTY. As per Crisil data, margins for POY that had fallen from ~ | 26/kg in March 2020 to ~| 12/kg in July 2020 have improved significantly and are...

Filatex India Ltd. is trading above its 200 day SMA of 51.5

Filatex India Ltd.

12 Nov 2020

54.11

-0.24%

Filatex India

Buy: Filatex India Ltd.

ICICI Securities Limited

The company is seeing an improvement in demand as markets continue to recover post pandemic. In Q2FY21, Filatex received several export enquiries but shortage of containers, high freight rates curtailed its ability to capture incremental demand. In September, yarn capacity utilisation levels reached 90% while challenges in logistics have also reduced. This would enable the company to cater to the increased demand. With commencement of valueadded drawn textured yarn (DTY) production from August 31, 2020, we expect increased revenue share from value added products. The improvement in product mix is expected to bolster its margin profile. Both...

Filatex India Ltd. is trading below its 30 day SMA of 54.5

Filatex India Ltd.

05 Oct 2020

54.11

-0.24%

Buy Filatex India; target of Rs 33: ICICI Direct

Moneycontrol

ICICI Direct is bullish on Filatex India recommended buy rating on the stock with a target price of Rs 33 in its research report dated October 01, 2020.

Filatex India Ltd. has gained 37.61% in the last 6 Months

Filatex India Ltd.

15 Jun 2020

54.11

-0.24%

Buy Filatex India; target of Rs 53: Khambatta Securities

Moneycontrol

Khambatta Securities is bullish on Filatex India has recommended buy rating on the stock with a target price of Rs 53 in its research report dated June 10, 2020.

Filatex India Ltd. has gained 37.61% in the last 6 Months

Is Filatex India Ltd. worth buying?

290 Votes:

Buy 78.97%

Sell 8.62%

Hold 12.41%

26.27% Fall from 52W High

Filatex India Ltd. News and Updates

Keep track of all breaking news on Filatex India Ltd. from all sources in a single place.