Filatex India Ltd (FILATEX) AI Stock Analysis

Filatex India Ltd

(NSE:FILATEX)

Select Model

Rating:66Neutral

Price Target:INR 96.00▲(5.47% Upside)

Action:downgraded

Date:09/24/26

The overall score is driven primarily by a strong balance sheet and recovering profitability, which provide resilience despite still-thin margins and more volatile cash generation. Technicals contribute positively but are tempered by overextended momentum readings and above-average price volatility, while a mid-20s P/E and minimal dividend yield indicate a valuation that is reasonable but not compelling. Taken together, these factors support a mid-60s score that reflects a fundamentally sound business with decent upside, balanced by execution, cash flow, and near-term technical risks.

Positive Factors

Conservative LeverageThe substantial reduction in debt relative to equity lowers financial risk and gives Filatex greater resilience through demand cycles. A less leveraged balance sheet can also preserve borrowing capacity for future investment while reducing the drag from interest obligations.

Negative Factors

Limited Revenue MomentumFlat to slightly declining revenue suggests limited current expansion in demand or volumes, leaving less operating leverage to drive future earnings growth. Without renewed top-line momentum, improved margins may be harder to sustain and the company could remain exposed to cyclical market conditions.

Filatex India Ltd (FILATEX) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 40.73B
Dividend Yield: 0.33%
Average Volume (3M): 218.22K
Price to Earnings (P/E): 21.2
Beta (1Y): 1.30
Revenue Growth: 0.22%
EPS Growth: 34.33%
Country: India
Employees: 2,615
Sector: General
Sector Strength: 55
Industry: Manufacturing - Textiles

Filatex India Ltd Business Overview & Revenue Model

Company Description

Filatex India Limited, established in 1990 and headquartered in New Delhi, India, specializes in the production and distribution of polyester filament yarn, with its primary operations centered in the Indian market. The company offers a wide array of...

Filatex India Ltd Financial Statement Overview

Summary

Overall financials are solid: revenues and profits have recovered with improving margins and consistently positive cash flows, while a very conservative balance sheet with low leverage is a clear strength; however, cash generation has turned more volatile and margins remain thin versus past peaks, keeping the score in the upper-mid range rather than high.

Income Statement

72Positive

Balance Sheet

86Very Positive

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	42.56B	41.61B	42.52B	42.77B	43.04B	38.20B
Gross Profit	6.92B	6.45B	7.50B	4.09B	7.57B	6.89B
EBITDA	3.60B	3.42B	2.74B	2.41B	2.16B	5.58B
Net Income	1.91B	1.83B	1.34B	1.11B	899.00M	3.03B
Balance Sheet
Total Assets	0	24.70B	22.75B	20.98B	21.13B	20.23B
Cash, Cash Equivalents and Short-Term Investments	2.67B	2.67B	2.24B	603.60M	523.37M	9.00M
Total Debt	0	1.50B	1.47B	2.33B	3.04B	3.58B
Total Liabilities	-15.05B	9.66B	9.45B	8.94B	10.14B	9.38B
Stockholders Equity	15.05B	15.05B	13.30B	12.04B	10.99B	10.85B
Cash Flow
Free Cash Flow	1.45B	583.50M	2.60B	981.54M	2.13B	2.13B
Operating Cash Flow	2.33B	2.52B	3.12B	1.68B	3.25B	3.04B
Investing Cash Flow	-2.06B	-2.39B	-1.61B	-1.02B	-1.14B	-857.35M
Financing Cash Flow	-375.00M	-306.60M	-1.35B	-1.13B	-1.60B	-2.29B

Filatex India Ltd Technical Analysis

Technical Analysis SentimentNeutral

Last Price91.02

Price Trends

50DMA93.56Negative

100DMA79.97Positive

200DMA62.09Positive

Market Momentum

MACD-1.53Positive

RSI41.19Neutral

STOCH20.80Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:FILATEX, the sentiment is Neutral. The current price of 91.02 is below the 20-day moving average (MA) of 101.74, below the 50-day MA of 93.56, and above the 200-day MA of 62.09, indicating a neutral trend. The MACD of -1.53 indicates Positive momentum. The RSI at 41.19 is Neutral, neither overbought nor oversold. The STOCH value of 20.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:FILATEX.

Filatex India Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:FILATEX against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:FILATEX	66Neutral	INR 39.54B	21.17	―	0.33%	0.22%	34.33%
IN:NITINSPIN	62Neutral	INR 36.59B	17.55	―	0.45%	-0.01%	21.53%
IN:SANGAMIND	61Neutral	INR 30.69B	25.55	―	0.33%	11.90%	518.29%
IN:SIYSIL	60Neutral	INR 20.26B	9.40	―	3.42%	13.93%	7.80%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:JINDWORLD	54Neutral	INR 35.72B	44.20	―	―	-1.72%	12.66%
IN:GANECOS	50Neutral	INR 26.79B	46.45	―	0.36%	19.07%	26.45%

* General Sector Average

Performance Comparison

IN:FILATEX and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:FILATEX	Filatex India Ltd	91.14	26.83	41.72%
IN:GANECOS	Ganesha Ecosphere Limited	969.00	-228.73	-19.10%
IN:JINDWORLD	Jindal Worldwide Limited	37.19	1.07	2.96%
IN:NITINSPIN	Nitin Spinners Limited	664.50	345.98	108.62%
IN:SANGAMIND	Sangam (India) Limited	615.45	171.00	38.47%
IN:SIYSIL	Siyaram Silk Mills Limited	467.85	-330.95	-41.43%

Filatex India Ltd Corporate Events

Filatex India Says Minor Fire at Dahej Plant Will Not Impact Operations

Oct 3, 2026

Filatex India Ltd reported a minor fire incident at its Dahej plant, confined to the central store department, which occurred around mid-afternoon and was brought under control within a few hours. The company confirmed there was no production loss, t...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 24, 2026

Filatex India Ltd AI Stock Analysis