Filatex India Ltd's earnings have grown by 47.2%, whereas share price has appreciated 49.3% CAGR over the past five years, indicating the company’s share price is likely overvalued. However, for specific investment actions please consult your investment advisor.
Filatex India Ltd share price has appreciated 28.6% annually (CAGR) over the past ten years.
Data is not available for this company.
Filatex India (FIL) was incorporated on August 8,1990, promoted by Madhu Sudhan Bhageria, Purrshottam Bhaggeria and Madhav Bhageria belonging to a reputed and well established business family. It started its first manufacturing facility in January, 1994 in Noida (UP), to manufacture 500 TPA Specialty Polyester/Nylon/ Polypropylene Monofilament yarns in Technical collaboration with ReifenhÃ¤user, GmbH, Germany, who are pioneers in Extrusion
Filatex India (FIL) was incorporated on August 8,1990, promoted by Madhu Sudhan Bhageria, Purrshottam Bhaggeria and Madhav Bhageria belonging to a reputed and well established business family. It started its first manufacturing facility in January, 1994 in Noida (UP), to manufacture 500 TPA Specialty Polyester/Nylon/ Polypropylene Monofilament yarns in Technical collaboration with ReifenhÃ¤user, GmbH, Germany, who are pioneers in Extrusion Technology in the world and have supplied Monofilament Plant and Machinery to leading world manufacturers like Du Pont, Hoechst, Bayer, etc.
FIL is one of the pioneers in manufacturing Monofilament Yarns for Zippers, Tooth Brush Bristles, Velcro, Magic Fasteners and Forming Fabrics in India. All these products are import substitutes and are helping the country in saving precious foreign exchange.
Today, FIL has become one of the leading manufacturers of Monofilament Yarns in India.
In January, 1996, FIL diversified into high growth area of Specialty Polyester Filament Yarns by putting up its second manufacturing facility at Dadra, Union Territory of Dadra & Nagar Haveli, which is 170 km north of Mumbai. A state-of-the-art plant was imported from Barmag A.G., Germany.
FIL manufactures Specialty Polyester Filament Yarns, which have a high value addition as compared to the normal denier synthetic yarns. One of the Specialty Yarns, which FIL manufactures is Micro Denier Polyester Filament Yarns (MDPFY). MDPFY is an import substitute and its demand is growing at a very rapid pace because of its inherent strengths. These Specialty yarns are used for high value added fabrics like artificial silk which are used for manufacturing of high quality Sarees, Dress Materials, Shirtings and other textile applications. FIL is one of the first dedicated plants for manufacturing Specialty Micro Denier Filament Yarns in the country.
FIL's Specialty Polyester Filament Yarn Project is located close to the major textile centers in the country i.e. Surat and Bombay. This enables FIL in reducing its freight cost and helping the fabric manufacturers in maintaining low inventory levels.
In August 1998, FIL started production of Polypropylene (PP) Multifilament yarn in dope dyed colors, which is widely used in all types of socks, hosiery, panty hozes and seamless garments. Polypropylene is the best subsitute for Nylon/Polyamide because of its superior characterstics.
In year 2008, FIL started producing Polyester Fully Drawn yarn using latest machines from Barmag, Germany. FIL can also produce colored Polyester POY.
In 2012 Filatex India incorporated 'FILATEX SYNTHETICS PRIVATE LIMITED' as a subsidiary of the Company.
Products offered by the company include:
Raymond Moses– Founder MoneyWorks4me, guides you on how Mindset and System together form a complete solution that ensures you invest successfully in stocks, mutual funds and reach your goals…safely
Your portfolio may have substantial downside risks!
Review your portfolio with MoneyWorks4me and get it future ready. Let us not miss our hard earned gains. Book your Free demo to discuss with our Experts.