Filatex Fashions Ltd, a prominent player in the textile and apparel sector, has been a key manufacturer of high-quality socks since its inception in 1993. With state-of-the-art technology and a strong market presence, the company has carved a niche for itself in the industry. In this article, we’ll analyze Filatex Fashions’ share price target for 2025, along with its historical performance, growth drivers, and future outlook.
Table of Contents
About Filatex Fashions:
Filatex Fashions Ltd, formerly known as Uni-Socks India, was established in 1993. The company specializes in manufacturing high-quality socks using advanced Italian, Korean, and Chinese technologies. With an ISO certification and CRISIL verification, Filatex Fashions operates a manufacturing plant in Hyderabad, Telangana, and offers private label services.
Filatex Fashions Fundamentals:
Understanding the fundamentals is crucial for long-term investment decisions. Here’s a snapshot of Filatex Fashions’ key metrics:
| Metric | Value |
|---|---|
| Market Cap | ₹975 Crore |
| Sector | Textiles & Apparel |
| P/E Ratio (TTM) | 117 |
| P/B Ratio | 0.43 |
| Face Value | ₹1 |
| Dividend Yield | 0.00% |
| Debt to Equity Ratio | 0.02 |
| Book Value Per Share | ₹2.76 |
| Net Profit (Annual) | ₹11.91 Crore |
| EPS (TTM) | ₹0.01 |
| Sales Growth | -523.50% |
| ROE | 3.59% |
Filatex Fashions Share Price Targets (2024–2050):
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2024 | ₹0.79 | ₹3.00 |
| 2025 | ₹1.30 | ₹3.60 |
| 2026 | ₹3.00 | ₹5.50 |
| 2028 | ₹10.70 | ₹17.60 |
| 2030 | ₹17.60 | ₹28.40 |
| 2040 | ₹67.00 | ₹106.00 |
| 2050 | ₹478.00 | ₹545.00 |
Filatex Fashions Share Price Target 2025:
The share price target for Filatex Fashions in 2025 is expected to range between ₹1.30 and ₹3.60. Here are the key factors influencing this target:
1. Global Textile Demand:
- The global textile industry is projected to grow steadily, driven by increasing demand for apparel and footwear.
- Filatex Fashions’ focus on quality and innovation positions it well to capitalize on this growth.
2. Domestic Market Expansion:
- India’s growing population and rising disposable incomes will boost demand for textile products.
- Government initiatives like “Make in India” will further support domestic manufacturing.
3. Technological Advancements:
- Investments in advanced manufacturing technologies will improve efficiency and reduce costs.
Strengths:
- Strong Reserves: The company has reserves and surpluses exceeding 175% of its market cap, ensuring financial stability.
- Low Debt: A debt-to-equity ratio of 0.02 indicates minimal financial risk.
- Consistent Revenue Growth: Despite challenges, Filatex Fashions has shown steady revenue growth over the past five years.
Risks:
- Falling Share Price: The stock has been on a downward trend since its listing.
- High Competition: Intense competition in the textile sector may impact profit margins.
- Declining Profit Margins: The company’s profit margins have been shrinking, raising concerns for investors.
Market Sentiment:
Filatex Fashions’ market sentiment is currently bearish, with the stock trading below key moving averages. However, analysts remain optimistic about its long-term potential.
| Action | Percentage |
|---|---|
| Buy | 80% |
| Hold | 13% |
| Sell | 7% |
Public Sentiment
| Platform | Buy | Hold | Sell |
|---|---|---|---|
| Moneycontrol | 100% | 0% | 0% |
| Trendlyne | 82.1% | 7.39% | 10.51% |
Quarterly and Annual Financial Performance:
| Metric | Jun 24 | Mar 24 | Dec 23 | Sep 23 |
|---|---|---|---|---|
| Sales | ₹24.22 Cr. | ₹64.35 Cr. | ₹44.53 Cr. | ₹45.77 Cr. |
| Expenses | ₹21.91 Cr. | ₹61.64 Cr. | ₹40.22 Cr. | ₹43.18 Cr. |
| Net Profit | ₹1.73 Cr. | ₹2.44 Cr. | ₹2.83 Cr. | ₹1.87 Cr. |
| Operating Profit Margin | 11.85% | 5.55% | 10.85% | 6.75% |
Annual Income Report
| Year | Revenue | Profit |
|---|---|---|
| 2024 | ₹173.78 Cr. | ₹8.73 Cr. |
| 2023 | ₹167.75 Cr. | ₹11.91 Cr. |
| 2022 | ₹115.66 Cr. | ₹2.91 Cr. |
Filatex Fashions has the potential to deliver long-term returns, driven by its strong reserves, low debt, and focus on innovation. However, investors should be cautious of the risks, including falling profit margins and intense competition. With a share price target of ₹1.30 to ₹3.60 for 2025, Filatex Fashions remains a stock to watch in the textile sector.
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