Global Textile Industry – The market value of global textile sector in 2023 was USD 1,837 billion in 2023 and is projected to increase at CAGR of 7.4% in revenue from 2024 to 2030. The growth is possible due to increasing need of consumers in textiles, rising awareness of eco-friendly textile products, and the growth of e-commerce platforms. The modern technology is bringing best changes in effective production and durability. Improvement in raw materials such as biodegradable fibres, recycled materials, smart textiles are gaining attention fulfilling the need of consumer for envionment freindly products. The shift towards digital technology are making supply chain smooth and minimizing production expenses, encouraging companies to responds to market changes.
Indian Textile Industry – The Indian textile industry has faced both struggles and opportunities. This industry received lot of benefits as India was world’s largest cotton producer, with production forecasted to hit 7.2 million tonnes by 2030. There is huge quantity of raw materials combined with talented team of employees and stable production costs helps India with proper benefits in textile market at world level. Moreover, the man-made sector, an important element of Indian textile industry faced lot of struggles and challenges. India became net importer of polyester yarn with imports increased by 65% during first 8 months of FY-24, whereas exports saw a growth of 38%. The change was observed due to China’s zero-Covid policy which resulted in excess supply of polyster yarn in international markets including India. The inflow of less costly imports adversely impacted the operating profitability along with proper usage of capacity of Indian polyster yarn manufacturers which led to drop in average sales realization.
Another side, Crisil projects a growth in Indian textile sector in calendar year 2024, which led to constant growth in domestic requirement, slow recovery in exports and cheaper prices of cotton. The Indian textiles market and apparel is projected to increase at 10% CAGR reaching USD 350 billion by 2030, whereas exports is projected to reach USD 100 billion. The growth path of the shows sector’s potential to capitalise evolving opportunities and control risks. The government has introduced various initiatives to scale sector’s growth.
The Production Linked Incentive Scheme with expenditure of Rs 10,683 crores for man-made fiber and technical fibres is projected to bring investment and creativity in the sector. Moreover, government’s aim is to setup 75 textile hubs across India will led to improve India’s manufacturing capacity and competition at world level. In this article, we will learn interesting information about Filatex India Ltd share price target, market cap, ROCE, ROE, promoter, shareholding pattern, revenue, net profit.
Filatex India Ltd – Key Points
Chairman and MD
Madhu Sudan Bhageria
Industry
Textile
Established
1994
Headquarters
New Delhi
Employees
1,063
Export
45+ countries across 5 continents
Production capacity
4,01,040 MTPA
Filatex India Ltd – Statistics
Market cap
Rs 1,725 crores
ROCE
12.7%
ROE
9.6%
Book value
Rs 28
Stock/PE
13.7
Sales Qty (In MT)
4,01,052 MT
Manufacturing experience
30+ years
About Filatex India Ltd
Filatex India Ltd is top manufacturer of Polyester Filament Yarn in India. The company stepped into manufacturing in 1994 of monofilament yarn. At present, company fulfills requirement of evolving garments of many people who has made contribution in growth of India’s textile sector. In the initial stage, Filatex commenced its operations with small capacity of 500 TPA in 1994 to over 400,000 TPA. The company manufactures polyester and polypropylene multifilament yarn and polyester chips at two manufacturing units. One plant is located at Dadra and Navgar Haveli and the second is located at Dahej installed with state-of-art process technology. The company has developed strong focus on capitalising full energy to develop combined busines model. The business goals are carefully organized by keeping in mind the competition of business.
The company is provided guidance by best leadership, the company is focused on rising capacity, increasing network, and maximizing efficiency, distribution of capital effectively, and maintaining sustainability. The company has strong belief that accurate planning and strong implementation capacity set apart. The daily business operations to long-term strategic goals, the one unique thing is that better implementation. these execution manifest in different ways such as improvement in quality that we take, durable strategies that we execute, and social activities that we implement.
Mission – To consistently produce and provide best quality products to customers. To manage dominance with competitiors with best quality product and mange stable operating costs. To support ownership of people, provide authority to people working under team. To maintain huge trust of people, transparency and integrity in business.
Vision – The vision of company is to be top player in polyester yarn manufacturer, creating products that meets international guidelines and being focused on custmer needs and managing strict quality, durable processes and consistent research and creativity.
The promoter of company has over 40 years of deep knowledge and expertise in marketing division and production of synthetic filament yarn gives strong competition. The company is connected with customers of specialty filament yarns that encourages us to manufacture new and creative products as per their needs. The company has marketing offices in main cities such as Delhi, Surat, and Mumbai. The main customers and exports are straightaway managed by marketing offices, the requirements of small customers are fulfilled through a dsitribution channel of dealers spread across the country.
Product Portfolio
PET Chips – It is created by granulizing polyester formed in a polycondensation reaction of purified tetraphthalic acid and mono ethylene glycol. Chips are produced for usage in textile industry and are delivered to yarn generating sector in semi-dull and bright luster. Textile grade PET Chips are used for building Polyester Filmaking yarn like FDY, PDY, and Staple fibre which is majorly applied in Textile sector.
Partially Oriented Yarn (POY) – It is developed melting and extrusion of polyester chip or melt. During the spinning process, the filaments are pulled 5 times their original size to align the polymer to fulfill its desired eveness, improve power, extend properties, and shrinkage. The term partially oriented yarn gives reference to multi filament that is partially extended. This has to be texturised to build textured yarn and it is also applied in draw warping for weaving and warp knitting fabrics.
Drawn Textured Yarn (DTY) – It is developed by drawing and heationg POY through a method of texturing. It is used for producing fabrics. It is consistent filament yarn which has gone through different process to add twists, interlkace, durable crimps, loops or other fine deformation of lengths of filament. This DTY can also be acquired in different colours with the help of dope dyed technology or through conventional dyening. This is applied in fabric end uses like inner and outer clothes, furnishings, upholstery.
Polypropyloene Yarn – A yarn which carries less weight can be developed into FDY, DTY, and POY. This has low moistening features which makes it simple to clean. There are many uses of PPY yarn such as stitching in socks, woven sacks, safety belts, undergarments, sports wear, sofa sets.
Full Drawn Yarn (FDY) – It is developed by method similar to POY except that yarn is developed at faster spinning speeds and drawn completely. The main application is weaves in building fabrics. It can be used with any other filament to receive fabrioc of unique range. It is straightaway used for building all types of fabrics especially for children and ladies.
Air Textured Yarn (ATY) – It is developed by using mechanical process. The cold compressed air stream is used to generate huge quantity of yarns of less flexibility. In this technology, huge types of feed yarns can be applied. The final product is used to build automotive products, sewing threads, blouses, furnishing fabrics, shoelaces, tarpaulins.
Narrow Woven Fabric (NWF) – Narrow Fabrics are woven textiles with no elasticity with width of 12 inches. It is available in different types such as tape, fancy cord, and satin cord, fancy belts, leashes, mattress tape. In the initial stage it was used in garment sector for building hats, lingerie, and corsets.
Revenue and Net profit
Particulars
FY-24 (In crores) Rs
Sales
4,286
Expenses
4,047
EBITDA
239
Other income
14
Interest
30
Depreciation
73
-Tax (%)
(26%)
Net profit
111
EPS in Rs
2.49
Shareholding Pattern
September 2024
December 2024
Promoters
64.76%
64.76%
FIIs
5.22%
5.94%
DIIs
2.35%
2.28%
Public
27.68%
27.03%
Filatex India Ltd – Fundamental Analysis
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Filatex India Ltd Share Price Target – 2025 to 2040
Year
Minimum price (Rs)
Average price (Rs)
Maximum price (Rs)
2025
40
43
45
2026
46
49
52
2027
54
59
63
2028
65
71
76
2029
79
87
94
2030
98
116
134
2035
392
419
446
2040
784
804
824
Filatex India Ltd Share Price Target – 2025
If market faces bearish sentiments, the minimum projected price is expected to hit Rs 40. The average trading price is projected to reach Rs 43 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is estimated to hit Rs 45. Filatex manages strong internal checking and control system to assure operational and process effectiveness, secured company’s assets from unauthorise use and genuine financial transactions. The internal control system is customize to fulfill company’s size, scope, and challenges in operations of business. Filatex uses a “Budgetary control” system with regular checking of actual work done by management.
Filatex India Ltd Share Price Target – 2026
If market faces bearish signals, the minimum forecasted price is estimated to reach Rs 46. The average trading price is projected to hit Rs 49 at the mid of the year. If market observes bullish sentiments, the maximum projected price is expected to hit Rs 52. Polyester has major use and it is widely accepted fibre at international level with annual production capacity of 63 million tonnes and market share of 54% at global fibre production. The company consistently fulfills its responsibility as corporate citizin by investing in different schemes that fulfills the needs of local people.
Filatex India Ltd Share Price Target – 2027
If market observes downward trends, the minimum projected price is anticipated to reach Rs 54. The average trading price is projected to hit Rs 59 at the mid of the year. If market observes bullish signals, the maximum projected price is estimated to touch Rs 63. The company has made contribution for education of children by stepping in. During the year, the company donated notebooks to students of primary school who were in need. The company follows safe environment practices at manufacturing plants to review and shows proper environmental risks.
Filatex India Ltd Share Price Target – 2028
If market faces bearish signals, the minimum projected price is estimated to reach Rs 65. The average trading price is projected to reach Rs 71 at the mid of the year. If market observes bullish sentiments, the maximum projected price is anticipated to reach Rs 76. The HR policy of company is created to be equal and constant, encouraging peace, and friendly industrial relations that improve overall production and efficiency. The company also supports growth based culture by developing strong systems and paying attention on employing best quality employees.
Filatex India Ltd Share Price Target – 2029
If market observes bearish sentiments, the minimum forecasted price is estimated to reach Rs 79. The average trading price is projected to hit Rs 87 at the mid of the year. If market observes bullish sentiments, the maximum projected price is anticipated to hit Rs 94. The company is creating its own technology for reuse of polyester textile waste. After many trials, the company has setup pilot plants of depolymerisation and polycondensation process. The company has conducted many trials on all type of PET waste and textile waste and has developed first grade polyester chips.
Filatex India Ltd Share Price Target – 2030
If market experiences bearish signals, the minimum projected price is anticipated to reach Rs 98. The average trading price is projected to touch Rs 116 at the mid of the year. If market observes bullish sentiments, the maximum projected price is expected to reach Rs 134. Polyester fibre material has multiple use in apparel sector. It is utilized in women’s innerwear, furnishings, athleisure, wear, hometextiles, and outerwear. It is widely accepted and has strong quality and it is most adopted product for various textile products which includes healthcare and industrial use.
Filatex India Ltd Share Price Target – 2035
If market observes bearish signals, the minimum projected price is anticipated to reach Rs 391. The average trading price is projected to reach Rs 419 at the mid of the year. If market observes bullish sentiments, the maximum projected price is estimated to reach Rs 446. Poyester is majorly used in clothing and apparel can be atrributed to different combination that makes it comfortable for different uses. Polyester is widely used in daily clothing such as jackets, shirts, trousers, and dresses. Its wrinkle free features assures garments maintain crisp looks while its durability assures long survival. It is simple to manage as consumes low water makes polyester preferred product for consumers.
Filatex India Ltd Share Price Target – 2040
If market observes bearish signals, the minimum forecasted price is anticipated to reach Rs 784. The average trading price is projected to hit Rs 804 at the mid of the year. If market faces bullish sentiments, the maximum projected price is expected to touch Rs 824. Polyester provides different mix of flexibility, durability, and strength towards wrinkles which helps garments to manage easily and long-lasting. Polyesr can be woven to create different textures such as silk or cotton. It adopts to different techniques provides unending design. The application of polyester is more in home textiles in wide and different ways to fulfill functional needs by providing versatility.
FAQs
Q1) Which company is Filatex India Ltd?
Ans – The company is top manufacturer of Polyester Filament Yarn. The company stepped into manufacturing in 1994 with monofilament yarn. At present, company fulfills the need of many customers in garments sector.
Q2) Who is the CEO of Filatex India Ltd?
Ans – The CEO of Filatex India Ltd is Mr. Madhu Sudan Bhageria.
Q3) Is Filatex India Ltd a debt-free company?
Ans – No, Filatex India Lts is not a debt-free company. The Long-term borrowings is Rs 129 crores and Short-term borrowings is Rs 91 crores. The net profit of company in FY24 is Rs 111 crores. The company is earning sufficient profits to repay its debt.
Q4) Who are the promoters of Filatex India Ltd?
Ans – The promoters of Filatex India Ltd are: Madhu Bhageria, Purrshotam Bhageria, Raman Kumar Jha, Rajender Mohan Malla, Manish Vij, Meenakshi Mallik.
Q5) Which sector is Filatex India Ltd?
Ans – The company is involved in manufacture and trading of synthetic yarn and textiles. The company manufactures polyester and polypropylene multifilament yarn, and polyester chips.
Q6) What are the products of Filatex India Ltd?
Ans – The main products are: Air Textured Yarn, Polypropylene Yarn, Narrow woven Fabrics, PET Chips, Fully Drawn Yarn, Partially Oriented Yarn.
Q7) Is it good to invest in Filatex India Ltd?
Ans –Yes, it is good to invest in Filatex India. the sales of company in FY13 was Rs 1,232 crores which has increased to Rs 4,286 crores. The net profit of company in FY13 was Rs 2 crores which has increased to Rs 111 crores in FY-24. The share price of company in 2011 was Rs 4 which has increased to Rs 40 in FY-25. The company has provided returns of almost 882% since its listing.
