Filatex India Ltd (FILATEX) AI Stock Analysis

• Market Cap: ₹18.06B
• Dividend Yield: 0.49%
• Average Volume (3M): 92.03K
• Price to Earnings (P/E): 9.9
• Beta (1Y): 1.48
• Revenue Growth: 1.47%
• EPS Growth: 52.67%
• Country: IN
• Employees: 2,692
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Apparel - Manufacturers
• EPS (TTM): 1.24
• Shares Outstanding: 444,058,380
• 10 Day Avg. Volume: 70,544
• 30 Day Avg. Volume: 92,035
• PEG Ratio: 0.59
• Price to Book (P/B): 1.26
• Price to Sales (P/S): 0.39
• P/FCF Ratio: 6.43
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ₹43.00 ▼(-13.10% Downside)
• Action: Downgraded Date: 11/19/25
• Date: Action: Downgraded 11/19/25

Filatex India Ltd's overall stock score is primarily driven by its strong financial performance, characterized by solid profitability and cash flow management. However, bearish technical indicators and moderate valuation metrics weigh down the score. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Strong cash generation

Robust free cash flow growth and high operating/free cash flow to net income ratios provide persistent internal funding for capex, working capital, and debt servicing. This durable cash generation reduces refinancing risk and supports reinvestment and operational stability over the medium term.

Sustained profitability and margins

Consistent gross, net, EBIT and EBITDA margins point to efficient operations and structural cost control. A stable margin profile enables the company to absorb cyclical revenue swings, maintain cash cushions, and continue funding product quality and operational improvements long term.

High return on equity / capital efficiency

A strong ROE indicates disciplined capital allocation and efficient use of shareholder funds, enabling growth funded through internal returns rather than excessive equity issuance. Over time this supports competitive reinvestment and improves shareholder value retention.

Negative Factors

Moderate leverage / liability reliance

Moderate debt levels and reliance on liabilities raise financial leverage risk. In a downturn or with rising interest rates this can constrain cash available for capex and operations, heightening refinancing exposure and reducing strategic flexibility over the medium term.

Inconsistent revenue growth

Fluctuating top-line and a recent revenue decline undermine scale economics and make capacity utilization and pricing planning harder. Persistent inconsistency increases the risk of margin volatility and complicates multi-quarter capital allocation and growth forecasting.

Exposure to petrochemical feedstock cost swings

The business is structurally tied to polyester feedstock and utility costs. Persistent volatility in petrochemical prices can compress spreads unless costs are hedged or passed through, creating ongoing margin pressure that affects earnings durability over several quarters.

Filatex India Ltd Business Overview & Revenue Model

Company Description

Filatex India Limited manufactures and sells polyester filament yarn primarily in India. The company offers partially oriented yarns (POY) that are used in shirting and suiting, sarees and ladies' dress wear, and draw warping for weaving and warp knitting of fabrics; full drawn yarns (FDY) for use in making apparel, fashion fabrics, sportswear, home furnishing fabrics, upholstery, and car seat covers; and polyethylene terephthalate chips that are used for making polyester yarn, such as POY and FDY. It also provides drawn textured yarns for use in manufacturing fabrics, such as outer and inner garments, skin-clinging garments, furnishings, seat covers, bags, upholstery, etc.; air textured yarns that are used to make automotive products, furnishing fabrics, sewing threads, shirting and blouses, shoelaces, and tarpaulins; and polypropylene yarns for use in the stitching of socks, undergarments, sportswear, woven sacks, geotextiles, sofa sets, safety belts, sewing thread, and rope. In addition, the company offers narrow woven fabrics that are used in the garment industry for hats, corsets and lingerie, and military uniforms; and specialty products, which include Filigree, Ocean, Chubby Yarn, Cotslon, Soie Fil, and Flexi Fil. Further, it exports its products to approximately 45 countries. Filatex India Limited was incorporated in 1990 and is headquartered in New Delhi, India.

How the Company Makes Money

Filatex India Ltd primarily makes money by manufacturing and selling synthetic yarn products, with revenue generated from the sale of polyester-based filament yarns and related variants to business customers in the textile value chain (e.g., texturizers, weavers/knitters, fabric processors, and traders). The company’s earnings are driven by: (1) sales volumes of yarn shipped to customers; (2) realized selling prices, which are influenced by product mix and prevailing market prices for polyester yarn; and (3) spread/margins between selling prices and key input/production costs (notably petrochemical feedstocks used for polyester, utilities such as power, and manufacturing/operating costs). Revenue is typically recognized when goods are dispatched/delivered under supply contracts or purchase orders. Beyond core yarn sales, any additional income streams, specific long-term partnerships, or material non-operating contributors to earnings are null.

Filatex India Ltd Financial Statement Overview

Summary

Filatex India Ltd presents a solid financial profile with strong profitability and efficient cash flow management. While there are some concerns regarding revenue growth consistency and reliance on liabilities, the company’s effective use of equity and strong cash generation capabilities position it well within the apparel manufacturing industry.

Income Statement

Filatex India Ltd demonstrates strong profitability with a consistent gross profit margin and healthy net profit margin. The revenue growth rate has shown fluctuations, with a recent decline, but overall, the company maintains a stable EBIT and EBITDA margin, indicating efficient operations.

Balance Sheet

The company has a moderate debt-to-equity ratio, indicating a balanced approach to leverage. The return on equity is strong, reflecting effective use of shareholder funds. However, the equity ratio suggests a moderate reliance on liabilities, which presents a potential risk in financial stability.

Cash Flow

Filatex India Ltd shows a positive trajectory in cash flow generation. The free cash flow growth rate is impressive, and both operating and free cash flow to net income ratios are robust, demonstrating effective cash management and a strong ability to generate cash relative to net income.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	42.74B	42.52B	42.77B	43.04B	38.20B	22.22B
Gross Profit	8.58B	7.50B	4.09B	7.57B	6.89B	4.62B
EBITDA	3.29B	2.74B	2.41B	2.16B	5.58B	3.39B
Net Income	1.76B	1.34B	1.11B	899.00M	3.03B	1.66B
Balance Sheet
Total Assets	24.07B	22.75B	20.98B	21.13B	20.23B	18.06B
Cash, Cash Equivalents and Short-Term Investments	3.62B	2.24B	603.60M	523.37M	9.00M	360.90M
Total Debt	1.41B	1.47B	2.33B	3.04B	3.58B	5.88B
Total Liabilities	9.99B	9.45B	8.94B	10.14B	9.38B	10.44B
Stockholders Equity	14.08B	13.30B	12.04B	10.99B	10.85B	7.62B
Cash Flow
Free Cash Flow	1.45B	2.60B	981.54M	2.13B	2.13B	1.80B
Operating Cash Flow	2.33B	3.12B	1.68B	3.25B	3.04B	3.01B
Investing Cash Flow	-2.06B	-1.61B	-1.02B	-1.14B	-857.35M	-1.13B
Financing Cash Flow	-375.00M	-1.35B	-1.13B	-1.60B	-2.29B	-1.80B

Filatex India Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 49.48
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:FILATEX, the sentiment is Negative. The current price of 49.48 is above the 20-day moving average (MA) of 43.90, above the 50-day MA of 45.79, and below the 200-day MA of 52.72, indicating a bearish trend. The MACD of -1.64 indicates Positive momentum. The RSI at 35.92 is Neutral, neither overbought nor oversold. The STOCH value of 60.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:FILATEX.

Filatex India Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MANINDS	78 Outperform	₹29.55B	13.17	―	―	10.26%	46.49%
JINDALPOLY	62 Neutral	₹40.80B	-5.55	―	1.18%	19.84%	-115.35%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
FILATEX	61 Neutral	₹18.06B	9.87	―	0.49%	1.47%	52.67%
POLYPLEX	54 Neutral	₹25.51B	44.38	―	0.79%	5.98%	-52.53%
INDORAMA	52 Neutral	₹8.53B	36.11	―	―	30.79%	―
PRINCEPIPE	51 Neutral	₹26.97B	-310.89	―	0.20%	-4.37%	-82.37%