Filatex India Ltd.

NSE: FILATEX | BSE: 526227 | ISIN: INE816B01027 |Industry: Textiles
|Turnaround Potential
63.70 -1.00 (-1.55%)
NSE Jan 15, 2021 15:31 PM
Volume: 963.4K

Filatex India Ltd.    
14 Jan 2021, 12:00AM
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 above all available SMAs
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