FILATFASH - Filatex Fash.

📊 NSE: FILATFASH 🏢 Textiles - Products 📅 Last Updated: 12/13/2025 22:05

💰 Financial Performance

Revenue Growth by Segment

The company derives 100% of its revenue from socks manufacturing and allied products; however, specific INR revenue values for FY 2024-25 were not disclosed in the provided documents.

Geographic Revenue Split

Not disclosed in available documents, though the company notes performance depends on both National and Global Markets.

Profitability Margins

Operating Profit Margin improved to 8.35% in FY 2024-25 from 7.85% in FY 2023-24 (a 1.06% increase). Net Profit Margin remained thin but grew by 3% YoY to reach 0.05% from 0.05% in the previous year.

EBITDA Margin

Operating Profit Margin stands at 8.35%, reflecting core manufacturing efficiency; the 1.06% improvement suggests better cost management or technology-driven productivity gains.

Capital Expenditure

Not disclosed in absolute INR Cr, but the company emphasizes continuous technology upgrading and machine replacement to maintain cost effectiveness.

Credit Rating & Borrowing

The Interest Coverage Ratio decreased by 8% to 6.77 in FY 2024-25 from 8.46 in FY 2023-24, indicating a slight reduction in the cushion to cover interest payments, though the Debt Equity Ratio remains very low and stable at 0.06 (a 0.3% decrease).

⚙️ Operational Drivers

Raw Materials

Not specifically named in the documents, though the business is 100% focused on socks manufacturing which typically requires yarn and elastic materials.

Capacity Expansion

Current capacity is not disclosed in units; however, the company is focusing on upgrading existing machinery to ensure technological adequacy.

Raw Material Costs

Not disclosed as a specific percentage of revenue, but the company identifies 'unfavourable economic conditions' as a threat to cost structures.

Manufacturing Efficiency

The company focuses on 100% socks manufacturing; efficiency is driven by technology application to achieve cost effectiveness.

📈 Strategic Growth

Expected Growth Rate

Not disclosed%

Growth Strategy

The company plans to achieve growth by venturing into service-based activities and making investments in subsidiary companies, leveraging over 33 years of management experience in capital markets and corporate space.

Products & Services

100% socks and allied products; the company is also expanding into service-based activities and financial services sector opportunities.

Brand Portfolio

Filatex Fashions.

New Products/Services

The company has decided to venture into service-based activities and new business lines through subsidiaries, though specific revenue contribution percentages are not yet disclosed.

Market Expansion

Targeting new markets and fields by leveraging 29 years of experience in the Indian socks market to overcome current restrictions.

🌍 External Factors

Industry Trends

The industry is seeing a shift toward technology-enabled processes and regulatory reforms that aid investor participation; the company is positioning itself by diversifying into service-based activities.

Competitive Landscape

Intense competition exists from both local Indian manufacturers and global players in the textile and socks segment.

Competitive Moat

The company's moat is based on 29 years of manufacturing experience and 33 years of management expertise in capital markets, though the low net profit margin of 0.05% suggests a highly competitive environment with low barriers to entry.

Macro Economic Sensitivity

Highly sensitive to global liquidity flows and national economic conditions which dictate disposable income levels for fashion accessories.

Consumer Behavior

Growing share of wallet for disposable income in the financial services industry is identified as an opportunity for the company's new service-based focus.

Geopolitical Risks

Performance is tied to global markets, making it vulnerable to international trade barriers and economic slowdowns.

⚖️ Regulatory & Governance

Industry Regulations

The company must comply with SEBI (LODR) Regulations and the Companies Act 2013; it recently applied for reclassification of promoters to the public category on November 14, 2025.

⚠️ Risk Analysis

Key Uncertainties

Execution risk regarding the pivot to service-based activities and subsidiary investments, coupled with a 44% drop in inventory turnover which could signal operational inefficiencies.