Incorporated in 1995, Filatex Fashions Limited is an India-based company that is primarily engaged in the business of manufacturing socks. It manufactures socks using state-of-the-art Italian, Korean and Chinese technologies and infrastructure. It offers multicolored fun socks, walking socks, bed socks and everyday socks. The Company is also engaged in cotton product activities. The Company's brands include Tuscany, Smart Man, Reunion and Bella. Tuscany offers a range of luxury socks, which are produced with luxury yarn. Smart Man is its range of business and casual wear. The Company's factory is located at Medak District, Telangana.
PROS
● The company is almost debt-free.
● The company has delivered positive profit growth of 119% CAGR over the last 5 years
● The company spent less than 1% of its operating revenues towards interest expenses and 0.66% towards employee costs in the year ending 31 Mar 2022. (Source: Standalone Financials)
👉🏻The Company's annual revenue growth of 563.96% outperformed its 3-year CAGR of 37.56%. (Source: Standalone Financials)
👉🏻The stock gave a 3-year return of 442.76% as compared to the Nifty Smallcap 100 which gave a return of 69.07%. (as of the last trading session).
👉🏻Filatex Fashion Ltd has acquired 51% STAKE in SRI LANKA based company ISABELLA PVT LTD
👉🏻Filatex Fashion Ltd made a profit of Rs.1 crore in year 2021 & in just 3 motnhs quarter profit of current year 2022 is Rs.4 crore.
Disclaimer
I appreciate your interest. Please note that I promote companies that I believe are good enough, fit enough, or useful for my subscribers. All opinions expressed in this video are my own and are solely for educational purposes. We are not SEBI registered. The share market is subject to market risk. Any action taken based on the information provided on the Multibagger Marketbuzz YouTube channel is at your own risk and Multibagger Marketbuzz accepts no liability for consequential damages.
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