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NSEOct 30, 2020 03:31 PM
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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2018-09-17||Filatex India Ltd.||Khambatta Securities||44.70||102.00||44.70 (-41.72%)||Buy|
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...
|2018-03-28||Filatex India Ltd.||IDBI Capital||163.55||163.55 (-84.07%)||Pre-Bonus/|
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....