We met the promoter of Filatex India (Filatex), Mr. Madhu Sudhan Bhageria and visited the company's Dahej facility. Filatex manufactures synthetic filament yarns and it has recently set-up Bright Polymerisation facility at Dahej. The company is confident of full-ramp up of Bright products from Q1FY19 and post ramp up it aims to spend capex of Rs2,000-3,000mn in FY20 on further expansion. It expects incremental Rs900-1,000 mn of annual EBTIDA from newly set-up Bright polymerization project, which gives a project ROCE of 22% as per our calculation....