FILATEX INDIA LIMITED
Investor Presentation
Q3FY21
January 2021
Q3FY21 Highlights
We are one of India’s Top 5 Manufacturers of Polyester Filament yarns.
We manufacture polyester and polypropylene multifilament yarn and polyester chips.
We have two manufacturing facilities; one at Dadra & Nagar Haveli and second one at Dahej, equipped with state-of-the-art modern German machines
Management
Madhu Sudhan Bhageria : Chairman & Managing Director
Purrshottam Bhaggeria : Joint Managing Director
Madhav Bhageria : Joint Managing Director
|
Filatex India (in Rs. Cr.) |
Dec '20 |
SEP'20 |
Dec '19 |
YOY |
QOQ |
|
Net Sales/Income from operations |
721.59 |
507.79 |
737.73 |
-2.19 |
42.1 |
|
TOT REV |
723.39 |
509.25 |
739.17 |
-2.13 |
42.05 |
|
TOT EXP |
632.21 |
496.57 |
712.94 |
-11.32 |
27.32 |
|
rev/exp% |
87.61 |
97.79 |
96.64 |
-11.32 |
27.32 |
|
Consumption of Raw Materials |
500.12 |
377.16 |
574.15 |
-12.89 |
32.6 |
|
Increase/Decrease in Stocks |
4.87 |
9.6 |
17.21 |
-71.7 |
-49.27 |
|
Employees Cost |
20.81 |
16.08 |
19.14 |
8.73 |
29.42 |
|
FINANCE COST |
16.02 |
18.87 |
17.08 |
-6.21 |
-15.1 |
|
DEPRECI |
14.77 |
14.43 |
14 |
5.5 |
2.36 |
|
Other Expenses |
75.62 |
60.43 |
71.36 |
5.97 |
25.14 |
|
P/L Before Tax |
91.18 |
12.68 |
26.23 |
247.62 |
619.09 |
|
Tax |
25.14 |
3.29 |
7.66 |
228.2 |
664.13 |
|
Net Profit |
66.04 |
9.39 |
18.57 |
255.63 |
603.3 |
|
Net Profit % |
9.15 |
1.85 |
2.52 |
263.1 |
394.59 |
|
Equity |
44.16 |
44.16 |
43.94 |
0.5 |
0 |
|
Basic EPS |
2.99 |
0.43 |
0.85 |
251.76 |
595.35 |
|
Diluted EPS |
2.98 |
0.84 |
254.76 |
MP 64.7
PE 5.43
VOLUMES 9,24,261
52 Week Range : 15.05 72
Mkt Cap (Rs. Cr.) 1,428
Book Value Per Share 21.36
P/B 3.03
3 year CAGR growth
Revenue 21.40%
Net Profit Growth 44.10%
Operating Profit Growth 18.60%
Price Performance
1 Week -5.55%
1 Month 57.23%
3 Months 153.73%
1 Year 57.61%
3 Years 33.90%
Promoter Group has made market purchases in Dec,2020
· Commissioned & commenced captive roof top solar power plants of 1.0 MW capacity at Dahej & 0.4 MW capacity at Dadra w.e.f. 30th December 2020
· The Company has achieved its highest ever quarterly EBIDTA of Rs. 120.02 crores and EBITDA margin of 16.65%
· Steady increase in demand in the 2nd half of FY21 allowed the company to run at 90% capacity in its yarn production and improved product mix with more value added sales of FDY and DTY
Key message
· We are excited to announce that we have achieved our highest quarterly EBIDTA of Rs.120.17 crores and improved EBITDA margins to16.65% as against 7.57% in Q3 FY20. After facing a pandemic set back in H1 FY21, we are now making a comeback in H2 FY21.
· This has been possible on account of a quick and steady recovery of the downstream textile sector and sharp recovery of demand.
· The commencement of additional DTY capacity has also contributed to higher margins.
· Madhu Sudhan Bhageria
· Chairman & Managing Director
Company Overview
· We are one of India’s Top 5 Manufacturers of Polyester Filament yarns.
· We manufacture polyester and polypropylene multifilament yarn and polyester chips.
· We have two manufacturing facilities; one at Dadra & Nagar Haveli and second one at Dahej, equipped with state-of-the-art modern German machines.
· We want to be one of the leading polyester yarns manufacturer producing products to international standards, to be customer focused through stringent quality assurance and continuous innovation.
· 02 World-Class Manufacturing Facilities
· Tonnes Per Annum Production Capacity (2019-2020) : 383,000
· 05 Continents Catered ;
· 45+ Countries Global;
· 2500+ Team Members Export;
· 25% Drawn Texturizing Yarn (DTY) Production is exported
· 15% Exports contribution to Revenues in FY20
· Manufacturing Facilities
· Dadra & Nagar Havelli(UT)
· Dahej (Gujarat)
Shareholding Pattern
Promoters unpledged 2.66% of shares in last quarter. Total pledge stands at 33.84% of promoter holdings
Promoters have increased holdings from 60.47% to 65.23% in Dec 2020 qtr.
Institutional Investors have decreased holdings from 5.4% to 4.54% in Dec 2020 qtr
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