Filatex India surges on completing financial closure for capacity expansion project

Filatex India Ltd. | Textile - Spinning | Textiles & Apparels | BSE: 526227 | NSE: FILATEX

16 Jun 2017 Evaluate

Filatex India is currently trading at Rs. 144.00, up by 3.70 points or 2.64% from its previous closing of Rs. 140.30 on the BSE.

The scrip opened at Rs. 142.15 and has touched a high and low of Rs. 144.25 and Rs. 141.70 respectively. So far 55083 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 151.50 on 19-May-2017 and a 52 week low of Rs. 60.10 on 22-Nov-2016.

Last one week high and low of the scrip stood at Rs. 148.40 and Rs. 130.70 respectively. The current market cap of the company is Rs. 623.79 crore.

The promoters holding in the company stood at 57.99%, while Institutions and Non-Institutions held 5.48% and 36.53% respectively.

Filatex India has completed financial closure with the lenders for Rupee and Foreign Currency Loan for capacity expansion project. The orders for major Plant and Machinery, both imported & indigenous have been placed. The civil work has already been commenced and the project is progressing as per schedule.

Last year in August, the company had announced putting up additional manufacturing facilities for 190 TPD of Bright Polyester Fully Drawn Yarn, 50 TPD of Semi Dull Fully Drawn Yarn (LBS), 25 TPD of Bright Polyester POY and 85 TPD of Bright Chips at an estimated capital outlay of Rs 330 crore. The said expansion would be financed from Term Loans comprising of both Rupee and Foreign Currency & Internal Accruals / Unsecured loans / Equity etc.

Filatex India is engaged in manufacture and trading of synthetic yarn and textiles. The company manufactures polyester and polypropylene multifilament yarn, and polyester chips.

Filatex India Share Price

44.20 -0.34 (-0.76%)

11-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Trident	26.00
Filatex India	44.20
Nitin Spinners	486.30
Nahar Spinning Mills	268.25
Sanathan Textiles	442.05
View more..

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