Filatex India Limited (FILATEX)
₹106.63 +0.61% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Filatex India's revenue was ₹1,145 Cr (+9.1% year on year, +16.2% on the previous quarter), and net profit ₹48.5 Cr (+19.3% year on year); the operating margin was 6.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1,145 | +9.1% | +16.2% |
| Operating profit | ₹78.4 | +15.6% | +7.7% |
| Net profit | ₹48.5 | +19.3% | +21.1% |
| EPS (₹) | 1.09 | +18.5% | +21.1% |
| Operating margin | 6.8% | — | — |
FILATEX delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 38.24% of the FILATEX shares traded on NSE were taken to delivery, against the stock's own 20-session average of 39.4%. That is close to its usual level. Volume was 0.1 times its average, well below normal.
Delivery in the last 5 sessions: 41.0% · 34.1% · 41.6% · 45.8% · 38.2%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Filatex India reported a minor fire incident at its Dahej plant in the central store department on October 3, 2026, around 3:30 PM. The company confirmed that the fire was controlled within a couple of hours without casualties or serious injuries. The plant remains fully operational with zero loss of production. While the exact quantum of loss is yet to be determined, the company noted that the asset loss is covered by insurance, along with a Loss of Profit policy for business interruption.
- Fire occurred around 3:30 PM on October 3, 2026, in the central store department of Dahej plant
- Zero loss of production reported, with operations continuing normally
- Brought under control within a couple of hours with no casualties or serious injuries
- Exact loss not disclosed but fully covered by insurance policies including Loss of Profit cover
Filatex India Limited has announced the closure of its trading window for insiders starting October 01, 2026. The closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the financial results for the quarter and half year ended September 30, 2026. The window will remain closed until 48 hours after the declaration of the unaudited standalone and consolidated results. The specific date for the board meeting to approve the results will be communicated separately.
- Trading window closes with effect from October 01, 2026
- Closure applies until 48 hours after declaration of Q2 and H1 FY27 results
- Applicable to Directors, Promoters, KMPs, Designated Employees, and Auditors
- Board meeting date to declare results ended September 30, 2026 to be intimated separately
Filatex India has acquired 2,00,00,000 equity shares of face value ₹1 each at ₹10 per share in its wholly owned subsidiary, Ecosis Limited (formerly Texfil Private Limited), for an aggregate ₹20.00 crore. This infusion brings the company's cumulative investment in Ecosis to approximately ₹85 crore. The capital will fund an ongoing Polyester Textiles Recycling Project, repay loans owed to Filatex, and address working capital needs. Relative to Filatex's FY26 net worth of ₹1,506 crore, the ₹20 crore infusion represents an incremental capital allocation of about 1.3%.
- Acquired 2,00,00,000 equity shares at an issue price of ₹10 per share (face value ₹1 each)
- Total investment in the rights issue amounts to ₹20.00 crore
- Cumulative investment in Ecosis Limited reaches around ₹85 crores to date
- Proceeds will finance the ongoing Polyester Textiles Recycling Project, loan repayment to parent, and working capital
Filatex India Limited announced the consolidated voting results for its 36th Annual General Meeting held on September 22, 2026. Shareholders approved all 5 ordinary resolutions, including the adoption of FY26 standalone and consolidated financial statements, declaration of dividend, and the re-appointment of Managing Director Madhav Bhageria. Over 31.01 crore votes were polled representing ~69.8% of outstanding shares, with each resolution securing >99.9% approval. As this is a routine AGM voting outcome, it reflects standard corporate governance compliance.
- All 5 ordinary resolutions passed with >99.9% favorable votes polled
- Total voter turnout reached 69.84% of total outstanding shares (31,01,10,529 votes polled out of 44,40,58,375 shares)
- Dividend declaration for FY26 approved with 99.98% votes in favor (31,00,47,376 votes)
- Re-appointment of Managing Director Shri Madhav Bhageria approved with 99.996% votes in favor
- Record date for shareholder eligibility was September 15, 2026, with 86,769 total shareholders
Filatex India Limited concluded its 36th Annual General Meeting on September 22, 2026, where shareholders approved all proposed ordinary resolutions. Members approved a dividend declaration of ₹0.30 per equity share of face value ₹1 for FY26. Additionally, the re-appointment of Managing Director Mr. Madhav Bhageria (retiring by rotation) and the ratification of Cost Auditors' remuneration for FY27 were approved. The meeting was conducted via Video Conferencing between 4:00 PM and 4:56 PM.
- Approved dividend of ₹0.30 per equity share (face value ₹1) for FY26
- Shareholders approved the re-appointment of Managing Director Mr. Madhav Bhageria
- Ratified remuneration of Cost Auditors for the financial year ending March 31, 2027
- Adoption of audited standalone and consolidated financial statements for FY ended March 31, 2026
Filatex India Limited has dispatched web-link notices to shareholders without registered email addresses for its 36th Annual General Meeting scheduled on September 26, 2026. The company confirmed Tuesday, September 15, 2026, as the record date to determine shareholder eligibility for a dividend of Rs 0.30 per share. Remote e-voting will be available from September 18 to September 21, 2026. The communication also outlines the process for claiming unpaid dividends from FY21 to FY25 and transfer deed re-lodgements.
- Dividend recommended at Rs 0.30 per share, subject to AGM approval
- Record date for dividend entitlement fixed as September 15, 2026
- 36th Annual General Meeting to be conducted via VC/OAVM on September 26, 2026
- Remote e-voting window open from September 18, 2026 (9:00 AM) to September 21, 2026 (5:00 PM)
- Special window for re-lodgement of transfer deeds open until February 04, 2027
Filatex India has issued the notice for its 36th Annual General Meeting (AGM) scheduled for September 22, 2026, via video conferencing. The agenda includes ordinary business such as adopting FY26 audited accounts and approving a dividend of ₹0.30 per share (face value ₹1). The company has fixed September 15, 2026, as the record date for determining shareholder eligibility for the dividend. Other items include the re-appointment of Managing Director Madhav Bhageria upon retirement by rotation and ratification of cost auditor remuneration of ₹75,000 for FY27.
- 36th AGM scheduled on Tuesday, September 22, 2026, at 4:00 PM IST via Video Conferencing
- Final dividend of ₹0.30 per equity share of ₹1 face value proposed for FY26
- Record date for dividend entitlement fixed as Tuesday, September 15, 2026
- Re-appointment of Managing Director Shri Madhav Bhageria (holds 4,30,77,498 shares) retiring by rotation
- Ratification of ₹75,000 plus GST remuneration for Cost Auditors for FY27
Filatex India Limited has fixed Tuesday, September 15, 2026, as the record date for determining shareholder entitlement to a dividend of Rs 0.30 per share. The dividend payout is subject to shareholder approval at the 36th Annual General Meeting (AGM) scheduled for September 22, 2026. The cut-off date for e-voting is also set for September 15, 2026, with remote voting running from September 18 to September 21, 2026. At the current share price of Rs 79.5, the dividend offers a yield of approximately 0.38%.
- Dividend recommended at Rs 0.30 (Thirty Paisa) per share, pending AGM approval
- Record date and voting cut-off date fixed as 15th September, 2026
- 36th Annual General Meeting scheduled for 22nd September, 2026 at 4:00 PM via VC/OAVM
- Remote e-voting window runs from 18th September, 2026 (9:00 AM) to 21st September, 2026 (5:00 PM)
Filatex India Limited has scheduled its 36th Annual General Meeting for September 22, 2026, via video conferencing. The company has fixed September 15, 2026, as the record date for determining shareholder eligibility for a dividend of Rs 0.30 per share. Remote e-voting will take place from September 18 to September 21, 2026, ahead of the AGM approval.
- Dividend of Rs 0.30 per equity share announced subject to shareholder approval
- Record date for dividend entitlement fixed as September 15, 2026
- 36th Annual General Meeting scheduled for September 22, 2026 at 4:00 PM IST
- Remote e-voting period open from September 18, 2026 (9:00 AM) to September 21, 2026 (5:00 PM)
Filatex India reported a resilient Q1 FY27 with revenue growing 9.1% YoY to ₹1,145 Cr and PAT rising 20.7% to ₹49.1 Cr. Despite a YoY dip in production volumes to 84,075 MT, profitability improved through better realizations and cost management. The company is aggressively pursuing a ₹690 Cr capex program (approx. 46% of net worth) focused on value-added products and recycling. Management expects the Ecosis recycling project to commission in November 2026, targeting high EBITDA margins of 30%.
- Revenue grew 16.3% QoQ to ₹1,145 Cr, driven by higher realizations despite stable sales volumes of 89,872 MT.
- PAT increased 20.7% YoY to ₹49.1 Cr, reflecting improved operational efficiency and financial management.
- Ongoing capex of ₹690 Cr is focused on brownfield expansion and the Ecosis recycling project.
- Ecosis recycling project is scheduled for commissioning in November 2026 with a target EBITDA margin of 30%.
- Peak net debt is projected to reach ₹150-200 Cr by the end of FY27, up from current levels of ₹30-40 Cr.
Filatex India has released the audio recording of its Q1FY27 earnings call held on July 31, 2026. This is a routine regulatory filing under SEBI LODR to ensure all investors have access to management's discussion. The company reported a TTM revenue of Rs 4,161 Cr and is currently focusing on its Polyester Textiles Recycling Project (Texfil). Investors can access the recording on the company's website for insights into operational efficiencies and market expansion strategies.
- Audio recording of the Q1FY27 earnings call released on July 31, 2026
- Follows the previous intimation letter dated July 28, 2026
- Company reported TTM revenue of Rs 4,161 Cr and PAT of Rs 183 Cr
- Promoter holding remains stable at 65.47% as of June 2026
Filatex India reported a 16.22% YoY increase in standalone revenue to ₹1,145 Cr for Q1FY27, with PAT growing 22.06% to ₹49.14 Cr. The company is executing a ₹690 Cr 'Vision 2028' capex plan, which is approximately 46% of its current net worth. A key focus is the ₹300 Cr ECOSIS project, India's first commercial textile-to-textile recycling plant, expected to commission by October 2026. While revenue grew, EBITDA margins compressed to 6.80% from 8.75% in the previous year due to industry-wide margin pressures.
- Q1FY27 standalone revenue reached ₹1,145 Cr, a 16.22% growth over Q1FY26.
- ₹300 Cr allocated for ECOSIS recycling project (26,750 TPA) with expected annual EBITDA of ₹80-85 Cr.
- ₹235 Cr brownfield expansion to add 55,000 TPA of Polyester Filament Yarn (PFY) capacity.
- Renewable energy share to increase from 26% to 55% via a ₹30 Cr investment, targeting ₹18-20 Cr annual savings.
- Automation project (₹40 Cr) aimed at reducing manpower by 180 and saving ₹4 Cr annually.
Filatex India reported a strong Q1 FY27 with revenue growing 9.1% YoY to ₹1,145.3 Cr and Net Profit rising 20.6% YoY to ₹49.1 Cr. The performance was supported by a 16.2% QoQ revenue jump and temporary relief from customs duty removal on key raw materials (PTA/MEG) effective until July 15, 2026. While the ₹235 Cr brownfield expansion is on schedule for September 2026, the high-margin textile recycling project (Ecosis) faces a delay, with commissioning pushed from Q2 to Q4 FY27 due to labor shortages.
- Revenue from operations increased to ₹1,145.30 Cr, up 16.2% QoQ from ₹985.49 Cr.
- Net Profit after tax rose to ₹49.14 Cr, compared to ₹40.73 Cr in the year-ago quarter.
- Brownfield expansion of ~55,000 TPA (POY/FDY/DTY) with ₹235 Cr investment is targeted for September 2026 commissioning.
- Recycling project (Ecosis Ltd) commissioning delayed to Q4 FY27 from the earlier target of Q2 FY27.
- Renewable energy share targeted to increase from ~26% to ~55% by November 2026.
Filatex India has announced the incorporation of a new step-down wholly owned subsidiary, Ecosis Infinite, Sociedad Limitada, in Spain. The entity is 100% owned by Ecosis Limited (formerly Texfil Private Limited), which is a direct subsidiary of Filatex. The new company will focus on manufacturing and dealing in various types of polyester yarns, aligning with the group's focus on synthetic fibers and recycling. The initial capital is nominal at €3,000, making the immediate financial impact negligible relative to Filatex's ₹3,170 Cr market cap.
- Incorporation of Ecosis Infinite, Sociedad Limitada in Spain confirmed on July 29, 2026
- Initial share capital of €3,000 represented by 3,000 units of €1 nominal value each
- 100% ownership held by Ecosis Limited, a wholly owned subsidiary of Filatex India
- Business focus defined as manufacturing and dealing in various types of Polyester Yarns
- Remittance of share capital and Overseas Direct Investment (ODI) formalities are currently under process
Filatex India Limited has scheduled its Q1FY27 earnings conference call for July 31, 2026, at 4:30 PM IST. The call will feature top management, including the Chairman and CFO, to discuss the company's performance for the quarter ended June 2026. With a TTM revenue of Rs 4,161 Cr and a market cap of Rs 3,234 Cr, the company is currently navigating a 7.5% OPM environment. Investors should look for updates on the Texfil recycling project and strategies to counter Chinese dumping.
- Earnings conference call scheduled for July 31, 2026, at 4:30 PM IST.
- Management participants include the Chairman & MD, Chief Visionary Officer, and CFO.
- Discussion will center on Q1FY27 financial results for the period ending June 2026.
- Company maintains a TTM revenue base of Rs 4,161 Cr and TTM PAT of Rs 183 Cr.
Financial Performance
Revenue Growth by Segment
Revenue from operations for Q2FY26 was INR 1,075.93 Cr, representing a 2.56% YoY growth and a 2.53% QoQ growth. H1FY26 revenue reached INR 2,125.33 Cr, up 1% YoY from INR 2,103.44 Cr.
Geographic Revenue Split
Exports contribute approximately 10-12% of overall sales, with the remaining 88-90% derived from the domestic Indian market.
Profitability Margins
Profitability showed significant improvement; Q2FY26 PAT was INR 47.58 Cr, up 253.16% YoY. FY25 Net Profit after tax was INR 134.57 Cr compared to INR 110.66 Cr in FY24.
EBITDA Margin
EBITDA margin for Q2FY26 improved to 8.27% from 4.36% in Q2FY25. Absolute EBITDA for Q2FY26 was INR 88.93 Cr, a 94.55% YoY increase driven by operational efficiencies and cost management.
Capital Expenditure
The company invested INR 20.00 Cr in its wholly-owned subsidiary, Texfil Private Limited, on November 14, 2025, to finance a Polyester Textiles Recycling Project. Historically, the company prepaid over INR 310 Cr in term loans between FY21 and FY23.
Credit Rating & Borrowing
CARE Ratings reaffirmed and subsequently withdrew ratings of CARE A+; Stable / CARE A1+ in July 2024. Finance costs for FY25 were INR 21.63 Cr, down from INR 29.11 Cr in FY24.
Operational Drivers
Raw Materials
Purified Terephthalic Acid (PTA) and Mono-Ethylene Glycol (MEG) are the primary raw materials, which are crude oil derivatives and constitute nearly 85% of the total cost of production.
Import Sources
Raw materials are partially imported, though specific countries are not disclosed; the company utilizes non-fund-based limits for procurement.
Key Suppliers
Not disclosed in available documents, though the company maintains long-term relationships with large suppliers to secure better pricing and credit terms.
Capacity Expansion
Q2FY26 production capacity utilization resulted in 99,974 MT of output, up from 94,993 MT in Q2FY25. The company is currently expanding into recycling through the Texfil project.
Raw Material Costs
Raw material costs represent 85% of production costs. The company has a strategy of passing on price fluctuations to customers, though margins were impacted in FY23-24 by Chinese dumping.
Manufacturing Efficiency
Enhanced operational efficiencies contributed to a 14.36% QoQ growth in EBITDA during Q2FY26.
Strategic Growth
Expected Growth Rate
5.10%
Growth Strategy
Growth will be achieved through the Polyester Textiles Recycling Project (Texfil), enhancing operational efficiencies, and capitalizing on the global shift toward synthetic fibers, which accounted for 96.2% of world fiber production growth over the last 16 years.
Products & Services
Synthetic fibers, specifically polyester yarns including chips, POY, DTY, FDY, and recycled polyester.
Brand Portfolio
FILATEX
New Products/Services
The company is launching a Polyester Textiles Recycling Project through its subsidiary Texfil Private Limited.
Market Expansion
The company is targeting the recycling segment to enhance its sustainable product portfolio.
Market Share & Ranking
Filatex is established as one of the largest players in the domestic Indian manmade yarn industry.
External Factors
Industry Trends
The industry is shifting toward synthetic fibers (5.10% CAGR) as natural fiber growth remains stagnant (0.42% CAGR). Recycled polyester is becoming a key focus area.
Competitive Landscape
Operates in a fragmented and competitive manmade yarn industry with significant pressure from large raw material suppliers and international importers.
Competitive Moat
Moat is built on cost leadership through integrated operations, large-scale domestic market share, and long-term supplier relationships.
Macro Economic Sensitivity
Highly sensitive to crude oil prices and global textile demand trends.
Consumer Behavior
Increasing demand for synthetic fibers over natural fibers due to versatility and cost-effectiveness.
Geopolitical Risks
Chinese zero-COVID policies and subsequent dumping of polyester materials impacted domestic spreads in FY23 and FY24.
Regulatory & Governance
Industry Regulations
Operations are subject to the Bureau of Indian Standards (BIS) regulations, which helped improve margins in H2FY24 by regulating imports.
Environmental Compliance
The company is investing in a recycling project to align with environmental sustainability trends.
Taxation Policy Impact
Current tax for FY25 was INR 42.76 Cr on a Profit Before Tax of INR 180.21 Cr, representing an effective tax rate of approximately 23.7%.
Risk Analysis
Key Uncertainties
Volatility in crude oil prices (impacting 85% of costs) and potential for renewed dumping by Chinese manufacturers.
Geographic Concentration Risk
High domestic concentration with 88-90% of revenue from India.
Third Party Dependencies
High dependency on large suppliers for PTA and MEG with limited bargaining power.
Technology Obsolescence Risk
The company is mitigating technology risks by investing in modern recycling technology for polyester.
Credit & Counterparty Risk
Receivables quality is high, contributing to a lean 12-day operating cycle.
