NSE: FILATEX | BSE: 526227

Strong Performer, Under Radar

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43.17 -0.18 (-0.42%)

41.18% Fall from 52W High

1.1M NSE+BSE Volume

NSE 17 Apr, 2025 3:31 PM (IST)

1,916.1

Market Cap

High in industry

1.2

Beta 1Year

High Volatility

Board Meeting

The next board meeting for Filatex India Ltd. is on 23 Apr 2025 for the purpose of Audited Results & Final Dividend See details

Filatex India Ltd. share price target and research reports

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

Latest analyst research reports with target prices and PDF download for FILATEX, BSE:526227 Filatex India Ltd.

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Filatex India Ltd.

10 May 2023

43.17

-0.42%

Expecting gradual improvement in margins with easing of restriction in China

Buy: Filatex India Ltd.

KRChoksey

In Q4FY23, Filatex India Limited (FIL) reported revenue of 10,468 mn, a decline of 4.0% YoY and 2.2% QoQ. Revenue growth has been hindered by price pressure on the final products due to the dumping of low cost polyester yarn by Chinese players in the global markets including India.

Filatex India Ltd. has gained 16.11% in the last 1 Week

Filatex India Ltd.

17 Feb 2023

43.17

-0.42%

Realizations and margins to improve gradually with easing of restriction in China

Buy: Filatex India Ltd.

KRChoksey

Filatex India Limited (FIL) reported revenue of 10,704mn, declined by -0.4% YoY/-8.0% QoQ in Q3FY23. The revenue growth was impacted due to pricing pressure on the final products. However, sales volume has increased by 11% YoY from 90398 MT in Q3FY22 to 101,488 MT in Q3FY23, whereas sales volume was almost flat on a QoQ basis.

Filatex India Ltd. is trading above its 50 day SMA of 40.9

Filatex India Ltd.

30 Jul 2021

43.17

-0.42%

Filatex India

Buy: Filatex India Ltd.

Target

ICICI Securities Limited

Filatex India Ltd. is trading below its 100 day SMA of 50.7

Filatex India Ltd.

14 Jan 2021

43.17

-0.42%

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 above its 50 day SMA of 40.9

Filatex India Ltd.

23 Dec 2020

43.17

-0.42%

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. has gained 16.11% in the last 1 Week

Filatex India Ltd.

12 Nov 2020

43.17

-0.42%

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 100 day SMA of 50.7

Filatex India Ltd.

17 Sep 2018

43.17

-0.42%

Filatex India

Buy: Filatex India Ltd.

Khambatta Securities

Filatex India Limited (FIL), a polyester yarn and chips manufacturer with production facilities in Dahej (Gujarat) and Dadra, is one of India's top five polyester filament yarn manufacturers. FIL's state-of-the-art manufacturing facilities with stringent quality control, diversified product mix, a pan-India client base, and a healthy share of export income will enable the company to achieve industryleading growth going forward. Slowdown in the Chinese polyester yarn industry due to the government's clampdown, driven by environmental concerns, and a...

Filatex India Ltd. has lost -25.44% in the last 1 Year

Filatex India Ltd.

28 Mar 2018

43.17

-0.42%

Management Visit Note of Filatex India

Mgmt Note: Filatex India Ltd.

IDBI Capital

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....

Filatex India Ltd. is trading above its 50 day SMA of 40.9

Is Filatex India Ltd. worth buying?

276 Votes:

Buy 78.99%

Sell 8.7%

Hold 12.32%