Faze Three Ltd

₹ 473 -3.41%

22 Jul 4:01 p.m.

About

Faze Three Limited, established in 1985, is primarily engaged in manufacturing and exports of end home textile products items like bathmats, rugs, blankets, throws, cushions, etc. The company has diversified its product mix across categories in the Home Textile segment and is also a direct exporter to top retail store chains in USA, UK and Europe. ^[1]^[2]

Key Points

Product Portfolio
Divergent Textile Products: The Co manufactures several Divergent Textile Products like RePOLY, Germieshield, Protector Yarn, Adjustor Yarn, Boost Yarn and Face Masks. ^[1]
Home & Decorative Textiles: It manufactures and exports a wide range of Home & decorative textiles like Bath mats, pillows, area rugs, tops of the beds, kitchen supplies and curtains. ^[2]
Automotive & Technical Textiles: The Co is also engaged in the manufacturing of Automotive seat covers, Outdoor furniture textiles, etc. ^[3]

Website BSE NSE

Market Cap ₹ 1,149 Cr.
Current Price ₹ 473
High / Low ₹ 545 / 340
Stock P/E 24.7
Book Value ₹ 157
Dividend Yield 0.11 %
ROCE 13.9 %
ROE 13.0 %
Face Value ₹ 10.0

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Pros

Company has delivered good profit growth of 25.4% CAGR over last 5 years

Cons

Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Processing

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	108.96	99.69	117.35	132.15	155.27	147.00	136.96	132.14	142.08	129.43	132.48	138.26	164.35
	93.73	86.55	96.43	109.26	132.63	123.60	113.14	109.28	117.81	110.10	110.09	114.87	145.92
Operating Profit	15.23	13.14	20.92	22.89	22.64	23.40	23.82	22.86	24.27	19.33	22.39	23.39	18.43
OPM %	13.98%	13.18%	17.83%	17.32%	14.58%	15.92%	17.39%	17.30%	17.08%	14.93%	16.90%	16.92%	11.21%
	1.08	3.26	1.72	0.54	1.46	1.14	0.91	2.04	1.49	4.85	2.40	1.63	1.88
Interest	1.57	0.80	0.84	2.45	0.90	1.66	1.53	1.88	2.77	2.94	2.84	2.66	2.81
Depreciation	2.42	2.54	2.36	2.69	2.60	3.01	3.71	3.67	4.08	4.52	4.96	5.37	5.75
Profit before tax	12.32	13.06	19.44	18.29	20.60	19.87	19.49	19.35	18.91	16.72	16.99	16.99	11.75
Tax %	29.95%	30.63%	30.09%	30.84%	23.45%	26.57%	26.27%	25.01%	21.58%	26.02%	25.90%	25.19%	24.09%
	8.63	9.06	13.59	12.65	15.77	14.59	14.37	14.51	14.83	12.37	12.59	12.71	8.92
EPS in Rs	3.55	3.73	5.59	5.20	6.48	6.00	5.91	5.97	6.10	5.09	5.18	5.23	3.67
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2007	Mar 2008	Mar 2009	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	115	111	139	240	269	302	324	504	558	565
	105	109	153	220	241	269	277	422	457	478
Operating Profit	9	3	-15	19	28	34	48	82	102	86
OPM %	8%	3%	-11%	8%	10%	11%	15%	16%	18%	15%
	10	16	15	11	2	4	2	7	6	8
Interest	8	8	13	8	7	9	6	8	15	11
Depreciation	4	4	5	7	5	8	9	10	14	21
Profit before tax	8	7	-18	16	18	21	35	71	78	62
Tax %	47%	28%	4%	-8%	16%	14%	29%	28%	25%	25%
	4	5	-19	17	15	18	25	51	58	47
EPS in Rs	3.42	4.10	-15.61	6.92	6.19	7.46	10.25	21.00	23.97	19.16
Dividend Payout %	35%	0%	0%	7%	0%	7%	0%	0%	2%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	16%
3 Years:	20%
TTM:	1%

Compounded Profit Growth
10 Years:	%
5 Years:	25%
3 Years:	23%
TTM:	-20%

Stock Price CAGR
10 Years:	51%
5 Years:	68%
3 Years:	50%
1 Year:	21%

Return on Equity
10 Years:	%
5 Years:	15%
3 Years:	17%
Last Year:	13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2007	Mar 2008	Mar 2009	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	12	12	12	24	24	24	24	24	24	24
Reserves	54	59	40	148	160	177	202	254	310	356
	88	114	128	74	67	66	103	167	174	170
	25	30	42	15	18	17	27	42	37	43
Total Liabilities	179	214	222	261	270	285	357	488	546	593
	80	86	91	113	121	137	141	161	216	252
CWIP	2	12	15	1	0	1	1	4	4	7
Investments	6	6	6	0	0	0	0	10	12	14
	91	110	110	146	149	147	214	312	314	321
Total Assets	179	214	222	261	270	285	357	488	546	593

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2007	Mar 2008	Mar 2009	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	13	-20	8	-13	37	31	9	-7	110	37
	-13	-20	-13	-4	-15	-5	-53	-51	-44	-45
	24	18	4	18	-13	-22	31	61	-6	-19
Net Cash Flow	23	-22	-1	0	9	4	-13	3	60	-27

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2007	Mar 2008	Mar 2009	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	47	119	99	61	61	53	78	59	63	49
Inventory Days	188	263	203	228	203	161	169	192	121	189
Days Payable	69	104	120	21	25	18	32	36	24	26
Cash Conversion Cycle	165	279	182	268	239	196	215	215	160	211
Working Capital Days	157	286	202	186	143	126	155	147	111	142
ROCE %		9%	-3%		10%	11%	14%	20%	19%	14%

Shareholding Pattern

Numbers in percentages

4 Recently

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	50.26%	51.28%	51.28%	51.45%	51.45%	51.54%	56.16%	56.16%	56.16%	56.16%	56.16%	56.16%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.12%	0.36%	0.47%	0.44%	0.47%
	49.74%	48.72%	48.72%	48.55%	48.55%	48.46%	43.84%	43.72%	43.47%	43.38%	43.40%	43.35%
No. of Shareholders	5,076	5,710	7,170	7,111	7,492	7,751	7,264	8,277	11,131	13,600	12,606	11,924

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jun 2024
	41.33%	45.75%	45.75%	45.92%	49.49%	51.28%	56.16%	56.16%	56.16%
	4.72%	4.52%	4.52%	4.52%	4.52%	0.00%	0.00%	0.00%	0.02%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.44%	0.47%
	53.95%	49.73%	49.73%	49.56%	45.99%	48.72%	43.84%	43.40%	43.35%
No. of Shareholders	4,254	4,323	4,070	3,786	3,822	7,170	7,264	12,606	11,924

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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