FILATEX INDIA LIMITED CIN No.L17119DN1990PLC000091
FIL/SE/2019-20/44 17th February, 2020
National Stock Exchange of India Limited Listing Department5th Floor, Exchange Plaza, C -l, Block-G, Bandra-Kurla Complex, Bandra (E) Mumbai-400 051 Security Symbol: FILATEX
BSE Limited Listing Department25th Floor, Pheroze Jeejeebhoy Towers Dalai Street,Mumbai - 400 001 Security Code: 526227
Sub: Updated Investor Presentation - February 2020
Dear Sirs/ Madam,
Pursuant to Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Para A of Part A of Schedule III, please find enclosed herewith the updated Investor Presentation - February 2020 which we propose to share with Analysts & Investors.
This is for your information and records please.
Thanking You,
Yours Faithfully,For FILATEX INDIA LIMITED
' COMPANY SECRETARY
Enel.: a/a
CORPORATE OFFICE REGD. OFFICE & WORKS SURAT OFFICE MUMBAI OFFICEB h a g e ria h o u s e 5 . N o . Z 7 4 D em n i Road B h ag e ria H ouse 3 2 1 , M a k e r C h a m b e r ■ V43 Community Centre D a d r a - 3 9 6 1 9 3 Ring Road Nariman PointNew Friends Colony U.T. of-Dadra L Nagar Haveli Surat - 395002 Mumbai - 400021New Delhi • 110025, India India India IndiaP +91.11.26312503,26848633/44 P +91.260.2668343/8510 P +91.261.4030000 P +91.22.22026005/06F +91.11.26849915 F +91.260.2668344 F +91.261.2310796 F +91.22.22026006E [email protected] E [email protected] E [email protected] E [email protected]
Website: m w . filatex.com
BSE: 526227 | NSE: FILATEX | ISIN: INE816B01027 | CIN: L17119DN1990PLC000091 | WWW.FILATEX.COM
©2020 – Filatex India Limited, All Rights Reserved
INVESTOR PRESENTATION
FEBRUARY 2020
Disclaimer
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 2
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Filatex India Limited (the “Company”), have
been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of
securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes
no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and
reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you
may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are
individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are
subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not
limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India
and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion,
technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its
exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ
materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-
looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this
Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 3
Company Overview
2Manufacturing
Units
42Countries
global exports
~2200Employees
328,300Production Capacity(FY 2018-19)
383,000Production Capacity
(FY 2019-20)
TPA TPA
PRODUCTS
PET
Chips
Partially
Oriented Yarns
Polyester
Textured Yarns
Fully Drawn
Yarns
Polypropylene
Yarns
Narrow
Woven Fabrics
FILATEX INDIA LIMITEDIS ONE OF INDIA’S TOP 5
MANUFACTURERS OF POLYESTER
FILAMENT YARNS
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 4
Our Performance
1,573
2,874
FY15 FY19
NET REVENUE EBITDA PAT
79
217
FY15 FY19
10
85
FY15 FY19
(₹ in Crore)
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 5
Timeline
Commenced Production of
Mono Filament Yarns at Noida1994
1998Diversified into Specialty
Polyester Filaments Yarn
at Dadra (U.T Dadra &
Nagar Haveli).
Commenced Production
of POY and Textured
Yarns
1996
Added manufacturing
of Poly polypropylene
yarns at Dadra Plant
2008
Commenced production
of Fully Drawn Yarns –
FDY in Dadra using
latest machine from
BARMAG, GERMANY
2012
Set-up a new Poly-Condensation plant of 600
TPD, in which capacity along with 250 TPD
Spinning of POY and balance 350 TPD of Chips
at Dahej, Gujarat
2016
Commenced production of Fully Drawn
Yarns (FDY) with total capacity of 115
TPD at Dahej in March. Added 200 TPD
capacity of Drawn Textured Yarns (DTY)
and commenced production in
September
2018
Commissioned Bright Polymerization
capacity of 300 TPD for spinning 190 TPD
of FDY, 25 TPD of POY, and balance 85
TPD of Bright Chips at Dahej, Gujarat
Total Polymerization capacity
enhanced to 1,050 TPD from 900 TPD
along with commercial
commencement of POY expansion in
Q2 FY20. Expected commencement
of DTY in Q4 FY20.
2019
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 6
Diversified Product Portfolio
Polyester Chips
Industrial intermediate product used to
manufacture Polyester yarns.
Drawn Textured Yarns (DTY)
Produced by drawing & heating POY through a
texturing process. It is used for manufacturing Fabrics.
Fully Drawn Yarns (FDY)
Fully drawn polyester filament yarn is directly used for
producing all kinds of Fabrics specially for children and ladies.
Polyester Partially Oriented Yarns (POY)
Intermediate product, post Texturizing used for
knitting & weaving different kinds of Fabrics.
Polypropylene Multifilament Crimp Yarns
Different shades and deniers, the range being
used for Socks, Under Garments and Sports Wear.
Narrow Woven Fabrics
Used in manufacture of Carpets, Rugs,
Tapes, Ribbons and Zippers
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 7
Catering To Diverse End Users
Fully Drawn Yarns of Polyester are
being used for Home Furnishings,
Fashion Fabrics, Terry Towels,
Bed Sheets, Curtains & Carpets.
Other growing applications are
Upholstery Fabrics. Properties of
stain resistance make it ideal for
carpets.
The preferred material for
sportswear is Polyester Yarn.
Sports leisure clothing require a
fabric that’s not only strong &
durable but also abrasion
resistant. Ease of washing &
corrosion resistance make them
easy to maintain with longer
usage life.
Polyester Filament Yarns are
extensively used in apparels –
Trousers, Shirts, Suitings &
Sarees. PFY is a strong filament
that can withstand strong &
repetitive movements. Colour
Fastness of Polyester Yarn is
excellent. Its wear resistant,
water resistant, wrinkle resistant
and its hydrophobic properties
make it ideal for all kinds of
apparels
In these garments, feeling of
softness is critical. The Textured
Micro Denier have met the
expected requirements and are
being used in Lingerie,
Performance garments - Active
wear, Yoga wear, low shrinkage to
ensure no seam distortion after
washing & soft feel make these
yarns ideal choice.
Home Textiles &
Furnishings Athleisure Apparel
Women Wear &
Inner Wear
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 8
Impacting Daily Lives…
…through the apparels
one wears at home
and office
…through the bedsheets,
curtains and carpets that
makes a house a home
…through the body
warmer one wears in
the winter for warmth
…through the stuff
toys one plays with…through the car
seats that provide
safety while travelling
…through the towel
that one uses to dry
oneself
…through the clothes one
wears while indulging in
sporting activities ..through the pillow one uses
to get a sound sleep after a
busy day at work
...through the quilt one
wraps around to get
warmth during winters
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 9
Polyester – The Preferred Fibre
WE BELIEVE THAT POLYESTER WILL BE FIBRE OF THE FUTURE.
FILATEX HAS FOCUSED ITS FUTURE GROWTH PLANS ON POLYESTER FILAMEN T YARNS.
POLYESTER
Affordable Pricing
Highly Durable
Easy Wash Ability
High Colour Retention
Abrasion & Mildew Resistant
Resistant to Stretching and Shrinking
Stain Resistant
Faster Dryness
Blends with Other Fibres
Wrinkle Resilient
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 10
World Fibre Production (2008-2018)
2008 % 2018 % CAGR Growth
Natural Fibres
Raw Cotton 23,584 31.40 26,120 23.47 1.03 2,536
Other Natural Fibres 6,971 9.28 6,084 5.47 (1.35) (887)
Total Natural 30,555 40.69 32,204 28.93 0.53 1,649
Synthetic Fibres
Cellulose Fibres 3,464 4.61 6,900 6.20 7.13 3,436
Synthetic Filaments* 25,750 34.29 49,800 44.74 6.82 24,050
Synthetic Staple Fibres 15,331 20.41 22,400 20.13 3.86 7,069
Total Synthetic 44,545 59.31 79,100 71.07 5.91 34,555
Total Fibres 75,100 100% 1,11,304 100% 4.01 36,204
5%
66%
10%
19%
CONTRIBUTION TO FIBRE GROWTH IN THE LAST DECADE
Natural Fibres Synthetic Filaments* Cellulose Fibres
Synthetic Staple Fibres
Source: DNFI (in 1000 MT)
*Polyester Filaments make up 90% of Synthetic Filaments95% of the growth in World Fibre Production in the last decade
has come from Synthetic Fibres alone
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 11
Our Process
Purified Terephthalic
Acid (PTA)
Mono Ethylene
Glycol (MEG)
Polyester
Chips
Partially Oriented
Yarn (POY)
Fully Drawn
Yarn (FDY)
Drawn Textured
Yarn (DTY)
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 12
Production Process Flowchart – Post Expansion
RAW MATERIALS TO FINISHED PRODUCTS AT DAHEJ PLANT
PTA MEGPOY Partially Oriented Yarns
DTY Draw Texturizing Yarns
FDY Fully Drawn Yarns
125 TPD
Chips
465 TPD
POY
140 TPD
FDY
340 TPD
DTY
100 TPD
Chips
45 TPD
POY
175 TPD
FDY
ESTERFICATION REACTOR -2
PRE POLY REACTOR
FINISHER
ESTERFICATION REACTOR -2
PRE POLY REACTOR
FINISHER
730 TPD 320 TPD
TIO2 BASO4
20 TPD
DTY
PTA Paste Tank
ESTERFICATION REACTOR -1 ESTERFICATION REACTOR -1
PTA MEG
PTA Paste Tank
SEMI DULL STREAM BRIGHT STREAM
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 13
Growth Drivers
IndustryFactors
Government Booster
Favourable Demographics
▪ Increasing disposable income and rapid urbanization is likely to result
in growing demand for daily wear, casual wear, sportswear & other
lifestyle products which are durable as well as meet aesthetic
requirements.
Hike in Import Duty
▪ Import tax on more than 300 textile products doubled to 20%
that will help improvement in utilization of the existing
manufacturing capacity
▪ This will act as a demand stimulant and encourage the domestic
synthetic yarn sector by restricting the imports and providing
price parity in the domestic marketExports Opportunity
▪ Gradual recovery in economy and depreciation of Indian
currency to aid exports
▪ New textile policy aims to achieve US$ 300 billion worth of
textile exports by 2024-25
PowerTex India
▪ Yarn Bank, Tex-Venture Fund and Common Facility Centre to
help in the overall development of the powerloom sector.
Abundant Raw Material & Skilled Manpower
▪ Availability of key raw materials PTA and MEG within the
country has improved the prospects, eliminating the
uncertainties of shipments and volatility of prices as well as
exchange fluctuations.
▪ Availability of low cost manpower has led to India emerging as
a preferred manufacturing hub
Scheme for Integrated Textile Parks
▪ 40% capital subsidy to a maximum of INR 40 crore on total
project cost on projects approved by government aimed at
creating world-class infrastructure for the industry
Expanding Home Textile Industry
▪ India’s home textile industry is expected to expand at a CAGR
of 8.3 per cent during 2014–21 from US$ 4.7 billion in 2014 to
US$ 8.2 billion in 2021.
▪ The growth in the home textiles would be supported by
growing household income, increasing population and growth
of end use sectors like housing, hospitality, healthcare, etc.
ATUFS
▪ The government would provide credit linked Capital investment
subsidy (CIS) under Amended Technology Upgradation Fund
Scheme (ATUFS)
▪ The scheme would facilitate augmenting of investment,
productivity, quality, employment, exports along with import
substitution in the industryChina Factor
▪ Rising labour costs in China
▪ Product offering competitive to that of China
383,000Total Production Capacity (MTPA)
FY 19-20
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 14
Geographical Presence
42Countries to which products
are exported
50% +Drawn Texturizing Yarn
(DTY) Production is
exported
~15%Exports contribution
to Revenues in FY19
Canada
United States
Mexico
Dominican
Republic
South Africa
New Delhi
Sri LankaColumbia
Ecuador
PeruBrazil
ArgentinaChile
Kenya
EgyptAlgeriaMorocco
SpainPortugal
United Kingdom
Germany
Italy
Turkey
Latvia
Poland
IranUzbekistan
Nepal
Bangladesh
Vietnam
Indonesia
Thailand
South Korea
Mumbai
Dahej Surat
Dadra
Corporate OfficeNew Delhi
Manufacturing
Facilities Dadra & Nagar Havelli (UT)
Dahej (Gujarat)
Marketing Office New Delhi
Surat
Mumbai
UAE
Tunisia
Belarus
CzechCroatia
Slovenia
Greece
Azerbaijan
Georgia
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 15
Certifications
ISO
9001 : 2015
ISO
14001 : 2015
BS OHSAS
18001 : 2007
OEKO-TEX
STANDARD 100
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 16
Awards
Asia Pacific Entrepreneurship
Awards – Corporate Excellence
Best Company Award -
Manufacturing
SRTEPC - 3rd Best Export Performance Fortune Next 500
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 17
Board of Directors
Mr. Madhu Sudhan Bhageria
Chairman & Managing Director
Mr. Purrshottam Bhaggeria
Joint Managing Director
Mr. Madhav Bhageria
Joint Managing Director
Mr. Ashok Chauhan
Executive Director
Mr. S. P. Setia
Independent Director
Mr. S. C. Parija
Independent Director
Ms. Pallavi Joshi Bakhru
Independent Director
Mr. B. B. Tandon
Independent Director
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 18
Production Capacities
PRODUCTION CAPACITIES -FY 2019-20
Products (MTPA) Production Captive Net %age
Polyester Chips - Semi Dull 50,400 21,600 28,800 7.5%
Polyester Chips - Bright 36,000 13,000 23,000 6.0%
Polyester POY - Semi Dull 1,83,600 1,44,000 39,600 10.3%
Polyester POY - Bright 16,200 0 16,200 4.2%
Polyester DTY 1,44,000 1200 1,42,800 37.3%
Polypropylene DTY - Semi Dull 4,000 0 4,000 1.0%
Polypropylene POY - Semi Dull 5,000 4,000 1,000 0.3%
Polyester FDY - Semi Dull 50,400 0 50,400 13.2%
Polyester FDY - Bright 76,000 1,200 74,800 19.5%
Narrow Woven Fabrics 2,400 0 2,400 0.6%
Grand Total 5,68,000 1,85,000 3,83,000 100%
Net Capacity (Post Expansion Net of Captive)
7.5%
6.0%
10.3%
4.2%
37.3%
1.0%0.3%
13.2%
19.5%
0.6%
Polyester Chips - Semi Dull Polyester Chips - Bright
Polyester POY - Semi Dull Polyester POY - Bright
Polyester DTY Polypropylene POY - Semi Dull
Polypropylene DTY - Semi Dull Polyester FDY - Semi Dull
Polyester FDY - Bright Narrow Woven Fabrics
3,83,000
TPA
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 19
Production Split by Volume
10%
1%
18%
3%
28%1%
19%
19%
1%
Polyester Chips - Semi Dull
Polyester Chips - Bright
Polyester POY - Semi Dull
Polyester POY - Bright
Polyester DTY - Semi Dull
Polypropylene POY - Semi Dull
Polypropylene DTY
Polyester FDY - Semi Dull
Polyester FDY - Bright
Narrow Woven Fabrics
Monofilament Yarns
FY19FY18
2,79,595
TPA
2,21,422
TPA
15%
1%
23%
32%
1%1%
24%
2%1%
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 20
Quarterly Results Summary (QoQ) (₹ in Crore)
* The Company has evaluated the option of lower tax rates allowed under Section 115BAA of the Income Tax Act, 1961 as introduced by the Taxation Laws (Amendment) Ordinance,
2019. Accordingly, considering the MAT credit available, there is no impact on the provision for Income tax for the quarter and six months ended September 30, 2019. The Company
expects to utilize the deferred tax balances over subsequent periods which have accordingly been re-measured using the tax rate expected to be prevalent in the period in which the
deferred tax balances are expected to reverse. Consequently, the Company has reversed deferred tax liabilities amounting to Rs. 3,470.07 Lakhs in the current period financial
results at the estimated effective tax rate.
NET REVENUE EBITDA PAT
680.2
737.7
Q2 FY20 Q3 FY20
52.3
55.9
Q2 FY20 Q3 FY20
61.8
18.6
Q2 FY20 Q3 FY20
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 21
Quarterly Results Summary (QoQ) (₹ in Crore)
TOTAL SALES (MTPA)TOTAL PRODUCTION (MTPA)
80,220
83,166 4,066
6,936 84,286
90,102
Q2 FY20 Q3 FY20
Yarns Chips
73,124
83,528
2,948
8,498
76,072
92,026
Q2 FY20 Q3 FY20
Yarns Chips Total
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 22
Quarterly Results Summary (YoY)
NET REVENUE EBITDA PAT
745.8 737.7
Q3 FY19 Q3 FY20
(₹ in Crore)
39.7
55.9
Q3 FY19 Q3 FY20
16.3
18.6
Q3 FY19 Q3 FY20
(1.1)%
• We have maintained high capacity utilization and increased production during this quarter despite challenging economic conditions
• During the quarter, there was a significant fall in raw material prices which led to lower revenue
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 23
Quarterly Results Summary (YoY) (₹ in Crore)
TOTAL SALES (MTPA)TOTAL PRODUCTION (MTPA)
59,067
83,166
5,856
6,936
64,923
90,102
Q3 FY19 Q3 FY20
Yarns Chips
63,523
83,528
6,350
8,498
69,873
92,026
Q3 FY19 Q3 FY20
Yarns Chips Total
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 24
9 Month Results Summary
NET REVENUE EBITDA PAT*
2,168.3 2,114.8
9M FY19 9M FY20
(₹ in Crore)
161.4 159.7
9M FY19 9M FY20
56.7
100.5*
9M FY19 9M FY20
(2.5)% (1.0)%
* The Company has evaluated the option of lower tax rates allowed under Section 115BAA of the Income Tax Act, 1961 as introduced by the Taxation Laws (Amendment) Ordinance,
2019. Accordingly, considering the MAT credit available, there is no impact on the provision for Income tax for the quarter and six months ended September 30, 2019. The Company
expects to utilise the deferred tax balances over subsequent periods which have accordingly been re-measured using the tax rate expected to be prevalent in the period in which the
deferred tax balances are expected to reverse. Consequently, the Company has reversed deferred tax liabilities amounting to Rs. 3,470.07 Lakhs in the current period financial
results at the estimated effective tax rate.
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 25
9 Month Results Summary (₹ in Crore)
TOTAL SALES (MTPA)TOTAL PRODUCTION (MTPA)
1,86,991
2,25,968
21,033
18,785
2,08,024
2,44,753
9M FY19 9M FY20
Yarns Chips
1,85,727
2,19,752
23,602
20,872
2,09,329
2,40,624
9M FY19 9M FY20
Yarns Chips Total
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 26
Historical Financial Performance - Consolidated
NET REVENUE
PBT PAT
EBITDA
1,572.81,278.2
1,551.0
1,927.6
2,874.1
FY15 FY16 FY17 FY18 FY19
14.4
32.7
54.3
92.7
128.8
FY15 FY16 FY17 FY18 FY19
78.9 87.5
133.2156.5
216.6
FY15 FY16 FY17 FY18 FY19
9.6
26.3
40.5
59.7
85.0
FY15 FY16 FY17 FY18 FY19
(₹ in Crore)
TOTAL PRODUCTION (MTPA) EXPORTS (₹ IN CRORE)
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 27
Operational Performance
1,22,658 1,30,039
1,65,3441,87,863
2,47,541
47,053 29,072
24,601
33,559
32,054
FY15 FY16 FY17 FY18 FY19
Yarn Volume (MTPA) Chips Volume
92.0102.1
300.3
378.9
431.6
FY15 FY16 FY17 FY18 FY19
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 28
Profit & Loss (Q3 FY20)
(INR in Crore) Q3 FY20 Q2 FY20 QoQ % Q3 FY19 YoY %
Net Revenue from operations (Net of Taxes) 737.7 680.2 8.5% 745.8 (1.1)%
Other income 1.4 2.2 (34.2)% 3.2 (54.3)%
Total Revenue 739.2 682.4 8.3% 749.0 (1.3)%
Total Expenses 712.9 649.3 9.8% 723.4 (1.5)%
Cost of materials consumed 574.2 592.4 (3.1)% 585.1 (1.9)%
Changes in inventories 17.2 (54.8) 131.4% 54.3 (68.3)%
Employee benefits expense 19.1 18.4 4.2% 16.1 19.3%
Finance cost 17.1 9.5 80.2% 5.9 188.0%
Depreciation and amortization expense 14.0 11.9 17.4% 11.4 22.4%
Other expenses 71.4 72.0 (0.9)% 50.6 41.1%
Profit before exceptional items & tax 26.2 33.1 (20.7)% 25.5 2.8%
Exceptional Items - - - -
Profit before tax 26.2 33.1 (20.7)% 25.5 2.8%
Tax expense 7.7 (28.8)* 126.6% 9.2 (16.7)%
Net profit/(loss) after tax 18.6 61.8 (70.0)% 16.3 13.8%
* Explanation on Slide 20
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 29
Profit & Loss (9M FY20)
(INR in Crore) 9M FY20 9M FY19 YoY % FY19
Net Revenue from operations (Net of Taxes) 2114.8 2168.3 (2.5)% 2874.1
Other income 6.7 6.6 1.5% 11.8
Total Revenue 2121.5 2174.9 (2.5)% 2885.9
Total Expenses 2031.3 2090.0 (2.8)% 2757.3
Cost of materials consumed 1712.1 1785.9 (4.1)% 2327.9
Changes in inventories (18.4) (1.6) 1022.0% 13.6
Employee benefits expense 54.8 47.2 16.1% 63.2
Finance cost 39.1 49.2 (20.7)% 54.7
Depreciation and amortization expense 37.2 33.8 10.1% 45.0
Other expenses 206.5 175.4 17.7 229.8
Profit before exceptional items & tax 90.2 85.0 7.6% 128.6
Exceptional Items [Profit/(Loss)] - (2.3) (2.3)
Profit before tax 90.2 87.3 3.5% 131.0
Tax expense (10.3)* 30.6 (133.5)% 46.1
Net profit/(loss) after tax 100.5 56.7 77.1% 84.9
* Explanation on Slide 24
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 30
Profit & Loss - Consolidated
(INR in Crore) 2014-15 2015-16 2016-17 2017-18 2018-19
Net Revenue from operations (Net of Taxes) 1,572.8 1,278.2 1,551.0 1,927.6 2,874.1
Other income 9.7 10.7 12.1 11.1 11.8
Total Revenue 1,582.5 1,288.9 1,563.2 1,938.7 2,885.9
Total Expenses 1,568.1 1,263.3 1,505.4 1,846.0 2,757.2
Cost of materials consumed 1,357.5 1050.5 1270.7 1564.6 2,351.0
Changes in inventories -7.4 1.2 -45.4 -13.5 13.6
Employee benefits expense 35.4 40.0 47.0 48.7 63.2
Finance cost 53.6 51.2 58.6 44.1 54.7
Depreciation and amortization expense 20.6 21.3 29.0 30.8 45.0
Other expenses 108.5 99.1 145.6 171.2 229.7
Profit before exceptional items & tax 14.4 25.6 57.7 92.7 128.8
Exceptional Items [Profit/(Loss)] - 7.0 -3.4 - -2.3
Profit before tax 14.4 32.6 54.3 92.7 131.1
Tax expense 4.8 6.4 13.7 32.9 46.1
Net profit/(loss) after tax 9.6 26.2 40.5 59.7 85.0
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 31
Balance Sheet – Assets (Consolidated)
(INR in Crore) 2014-15 2015-16 2016-17 2017-18 2018-19
Non-Current Assets 409.4 525.4 665.9 962.0 1,017.8
Property, plant and equipment 390.6 492.3 628.4 944.5 927.9
Capital work-in-progress - 18.0 5.7 6.4 71.5
Other Intangible Assets - 0.1 0.2 0.4 0.66
Financial Assets
Investments - 0.0 0.1 - 0.06
Loans and Advances 17.9 14.0 0.1 0.7 0.74
Other non-current assets 0.8 1.0 29.7 9.2 16.6
Tax Assets - - 1.8 0.8 0.4
Current Assets 307.1 355.4 386.5 462.0 397.6
Inventories 118.5 98.6 149.1 193.7 172.7
Financial Assets
Trade receivables 149.1 216.4 199.4 170.5 98.7
Cash and cash equivalents 15.4 12.5 14.8 25.6 44.2
Loans and Advances 12.2 21.1 0.5 0.6 0.98
Other Financial Assets - - 0.9 4.2 12.5
Other current assets 11.8 6.8 21.7 67.5 68.5
Assets classified as held for Sale - - 6.9 13.4 -
Total Assets 716.5 880.8 1,059.4 1,437.5 1,415.4
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 32
Balance Sheet – Equity & Liabilities (Consolidated)
(INR in Crore) 2014-15 2015-16 2016-17 2017-18 2018-19
EQUITY 170.3 209.5 325.0 385.4 472.1
Equity Share capital 32.0 32.0 43.5 43.5 43.5
Other equity 138.3 164.6 281.5 341.9 428.6
Money received against share warrants - 12.9
LIABILITIES 546.2 671.3 733.9 1,049.7 943.3
Non-Current Liabilities 242.8 340.6 386.2 614.8 574.6
Financial liabilities
Borrowings 219.1 307.6 336.4 541.6 476.8
Other financial liabilities - - - 7.2 9.1
Provisions 3.7 4.7 5.6 5.2 6.0
Deferred tax liabilities 16.7 23.1 27.8 41.2 58.8
Other Non-Current Liabilities 3.3 5.3 16.4 19.7 23.9
Current Liabilities 303.3 330.7 347.8 434.9 368.7
Financial liabilities
Borrowings 157.6 137.8 143.5 98.5 70.2
Trade Payables 83.7 120.4 111.3 224.1 179.0
Other financial liabilities 61.3 71.5 55.4 102.7 89.0
Provisions 0.8 1.0 1.3 2.3 2.8
Other Current Liabilities - - 36.3 6.2 25.6
Income Tax Liabilities (net) - - - 1.1 2.1
Liabilities Directly associated with assets classified as held for sale - - 0.4 2.4 -
TOTAL EQUITY AND LIABILITIES 716.5 880.8 1,059.4 1,437.5 1,415.4
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 33
Future Strategy
Increase Focus on Exports
With new texturizing machines coming in, exports
of the company will increase and lead to an
increase in the overall margins of the company on
account of being a value-added product.
Capacity Expansion
Production capacity of POY is being increased from
340 TPD to 510 TPD and that of DTY is being
increased from 200 TPD to 360 TPD.
Captive Power Plant
The Company is planning to set up of 31.4 MW
captive power plant (30 MW Thermal and 1.4 MW
Solar). This will result in an annual savings of
approx. Rs. 45 crs, resulting in incremental 2%
margins.
Vertical Integration
Plan to foray into production of high value fabrics,
that are currently being imported into the
country. Also, exploring vertical integration options
such as processing, digital printing and garments /
home textiles.
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 34
Shareholder Information
STOCK DATA (AS ON 31ST DECEMBER 2019) SHAREHOLDING PATTERN (AS ON 31ST DECEMBER 2019)
STOCK PRICE PERFORMANCE (REBASED TO 100)
Stock Price (INR) 39.10
Market Capitalization (INR) 858.97 cr
Shares Outstanding 21.97 cr
Free Float 40.27%
Symbol (NSE / BSE) FILATEX / 526227
60%
35%
5%
Promoters
Non Instiutional
Instiutional
40.00
60.00
80.00
100.00
120.00
140.00
160.00
1-Oct-18 1-Nov-18 1-Dec-18 1-Jan-19 1-Feb-19 1-Mar-19 1-Apr-19 1-May-19 1-Jun-19 1-Jul-19 1-Aug-19 1-Sep-19 1-Oct-19 1-Nov-19 1-Dec-19
Filatex Sensex
FILATEX INDIA LIMITED – INVESTOR PRESENTATION | WWW.FILATEX.COM 35
BSE: 526227 | NSE: FILATEX | ISIN: INE816B01027 | CIN: L17119DN1990PLC000091 Bhageria House, 43 Community Centre, New Friends Colony, New Delhi – 110025
W W W. F I L AT E X . C O M
For more information, Please contact
Filatex India Limited
BHAGERIA HOUSE, 43 Community Centre,
New Friends Colony, New Delhi –110025
Ph: +91-11-26312503
Fax: +91-11-26849915
Email: [email protected]