# Filatex India share price today (Filatex India Ltd, NSE: FILATEX)

> Filatex India share price today: ₹89.02 at the NSE close on 3 November 2026, up 40.4% in a year. Filatex India (NSE: FILATEX) is worth ₹3,952 crore, trades at a P/E of 20.5 and has closed between ₹38.39 and ₹110.03 over the past 52 weeks. > Filatex India Ltd's results are improving, and its P/E is near the top of its own history, higher than 81% of past readings. FILATEX · Textiles - Manmade Fibre - PFY/PSF · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/filatex-india-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹89.02 (+40.4% in a year)
- P/E: 20.5× (higher than 81% of the last 10 years)
- Revenue (Jun 2026): ₹1,145 Cr (+9.2% on a year ago)
- Profit (Jun 2026): ₹49.0 Cr (+19.5% on a year ago)
- Operating margin: 7.0% (+1.0 points on a year ago)
- ROCE: 19%, FY26
- ROIC: 14.2%, against a 12.0% cost of capital: +2.2 points

The main question: results are strong, and the P/E is higher than 81% of its own history. ## What is the Filatex India share price today? Filatex India Ltd's share price was ₹89.02 at the close on 3 November 2026. It has been rising for 17 weeks. That is 25.5% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹38 and ₹110, and at that close it sat 71% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 30 weeks in a row. Over the last 11 years the share price moved +2,299% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Filatex India this quarter? Three changes stood out: revenue grew again in the June 2026 quarter, indian funds and insurers (DIIs) raised their stake for 3 quarters in a row and highest quarterly revenue in 13 quarters. 1. Revenue grew again in the June 2026 quarter Revenue was ₹1,145 crore, +9.2% on a year earlier (₹1,049 crore), after 2 quarters of decline. Why: Revenue rose because raw material costs were much higher and the company charged more for its yarn to cover them. Next results: check whether the new polyester yarn lines are installed and whether more of its sales are higher-value yarn. From the earnings call on 31 Jul 2026. 2. Indian funds and insurers (DIIs) raised their stake for 3 quarters in a row From 2.4% to 4.6% of the company by the September 2026 quarter. 3. Highest quarterly revenue in 13 quarters Revenue of ₹1,145 crore in the June 2026 quarter is the highest of the last 13 quarters. ## What are Filatex India's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Filatex India reported revenue of ₹1,145 crore, up 9.2% from ₹1,049 crore a year earlier, and a profit of ₹49.0 crore, up 19.5% from ₹41.0 crore. ### Filatex India results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,145 crore | ₹1,049 crore | +9.2% |
| Profit | ₹49.0 crore | ₹41.0 crore | +19.5% |
| Earnings per share | ₹1.11 | ₹0.92 | +20.7% |
| Operating margin | 7.0% | 6.0% | +1.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Filatex India's management discussed these results on a call held on 31 July 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Filatex India share price history? Filatex India closed at ₹89.02 on 3 November 2026, up 40.4% from ₹63.41 a year earlier (31 October 2025) and up 74.5% over five years. Its highest weekly close since March 2016 was ₹110.03 on 28 September 2026. ### Filatex India share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹91.60 | −2.8% |
| 1 month ago · 1 Oct 2026 | ₹106.45 | −16.4% |
| 6 months ago · 30 Apr 2026 | ₹45.72 | +94.7% |
| 1 year ago · 31 Oct 2025 | ₹63.41 | +40.4% |
| 3 years ago · 3 Nov 2023 | ₹45.60 | +95.2% |
| 5 years ago · 4 Nov 2021 | ₹51.00 | +74.5% |
| 10 years ago · 4 Nov 2016 | ₹7.43 | +1,098.1% |
| Earliest and lowest weekly close in our records · 11 Mar 2016 | ₹3.71 | +2,299.5% |
| Highest weekly close since March 2016, also the 52-week high · 28 Sep 2026 | ₹110.03 | −19.1% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹38.39 | +131.9% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Filatex India? 3 Nov 2026: Filatex India closed at ₹89.02, down 2.8% on the week and down 16.4% on the month. 15 Sep 2026: ex-date for a dividend of ₹0.30 a share. ### Earlier

- Our read, 22 Aug 2026: Filatex is executing a ₹690 crore capacity and recycling pivot, but repeated project deferrals and FY27 Ecosys utilization walk-backs make operational commissioning the critical proof point. - 31 Jul 2026: Filatex India held its results call for April to June 2026. Management guided: Standalone revenue guidance is ₹4,500 crore for FY27 and ₹4,800 crore for FY28; full-year forex is expected to be a loss around ₹10-15 crore. - Results for April to June 2026: Revenue up 9.2% and profit up 19.5% on a year earlier. ### Our read of the business

Latest quarter: Revenue and profit rebound in April to June 2026 supported by inventory conversion and price pass-through despite capital spending commissioning deferrals. (Our read after the latest results, written 22 August 2026.)

## What dividend does Filatex India pay? Filatex India paid ₹0.30 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.34% at the ₹89.02 close on 3 November 2026. The last was a dividend of ₹0.30 a share, ex-date 15 September 2026. ### Filatex India dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 15 Sep 2026 | ₹0.30 | Dividend | same day |
| 19 Sep 2025 | ₹0.25 | Dividend | same day |
| 20 Sep 2024 | ₹0.20 | Dividend | same day |
| 20 Sep 2023 | ₹0.15 | Dividend | same day |
| 19 Sep 2022 | ₹0.20 | Dividend | 20 Sep 2022 |
| 8 Sep 2021 | ₹0.40 | Dividend | 10 Sep 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Filatex India Ltd paid out 7% of its profit as dividends in FY26, and it paid a dividend in 6 of its last 12 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Filatex India management say on the latest results call? On the call for April to June 2026, held on 31 July 2026, Filatex India's management guided: Standalone revenue guidance is ₹4,500 crore for FY27 and ₹4,800 crore for FY28; full-year forex is expected to be a loss around ₹10-15 crore. > “We are very competitive, and we have received approvals from a lot of brands. I think we should be able to do well and get the first-mover advantage.”
> Madhusudan Bhageria, on the call for April to June 2026

### What management guided

- Gross debt is expected at ₹350-370 crore by year-end, with peak net debt ₹150-200 crore including working capital but excluding LCs.4. - Domestic PTA outlook: GAIL trial production in August-September 2026 and IOC commissioning by March 2027 would add nearly 2.4 million tons per annum; Reliance expansion of 3.2 million tons per annum is expected over 2 years. - Approximate ₹690 crore capital spending program: PFY erection and commissioning goals 50.0% completion by September 2026 and balance by October 2026, while the 55,000 PFY capacity is expected to lift full-year topline by around ₹400 crore. - Ecosys commercialization is planned for end-October or early November 2026, stabilization within 3-5 months, FY28 utilization above 80.0% and near 100.0% by year-end; firm commitments cover 15.0-20.0% of output. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/2851-31-Jul-2026.pdf). (From the call for April to June 2026, 31 July 2026.)

## What is the future of Filatex India? What is changing in the business? What is changing at Filatex India, from the latest results and calls: brownfield capacity commissioning, domestic pta supply expansion and textile-to-textile recycling ramp (ecosys). - Brownfield capacity commissioning. Brownfield PFY expansion adding 55,000 MT capacity goals ₹400-500 crore revenue uplift starting October to December 2026. ⚠ estimate
- Domestic PTA supply expansion. GAIL and IOC PTA capacity additions of 2.4 MT aim to narrow feedstock import premiums and enhance margins by 1-1.5%. ⚠ estimate
- Textile-to-textile recycling ramp (Ecosys). Ecosys circular recycling platform goals ₹80-85 crore operating profit at 30%+ margins once stabilized in FY28. ⚠ estimate
- EU tariff access. India-EU FTA expected by end-CY26 would eliminate 10-12% import tariffs and unlock export demand. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Our read after the latest results, written 22 August 2026.)

## What could change the Filatex India story? What are the risks? A failure to commission brownfield PFY capacity by October 2026, extended delays in Ecosys stabilization past FY27, or an inability to sustain operating margins above 7% as raw material inventory gains normalize would invalidate the operational recovery thesis. ### Each change stops working if

- Brownfield capacity commissioning: Commissioning moves beyond October 2026 or incremental yarn volumes fail to find customer absorption. - Domestic PTA supply expansion: Further commissioning deferrals occur or domestic PTA producers maintain import parity pricing without competitive discounts. - Textile-to-textile recycling ramp (Ecosys): Trial approvals fail to convert into recurring orders or plant stabilization extends beyond FY27. - EU tariff access: FTA ratification is delayed or export order conversion remains muted. ### The main risks

- Polyester-spread and raw material volatility: Raw material inflation and delayed price pass-through can compress operating margins during volatile feedstock cycles. ✓ fact
- Recycling commercialization and utilization ramp risk: Ecosys commercialization slipped to Oct-Nov 2026 with FY27 characterized as a stabilization phase rather than high utilization. ✓ fact
- Forex and import competition exposure: Imported feedstock exposure creates ₹10-15 crore annual forex loss expectations while Chinese competition caps domestic yarn pricing. ✓ fact

(Our read after the latest results, written 22 August 2026.)

## What to watch in Filatex India's next results? When Filatex India reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Ecosys commissioning and stabilization - check whether commercial production starts on schedule without quality or statutory-approval slippage. - What to check (from the call)
- Ecosys commissioning and stabilization - check whether commercial production starts on schedule without quality or statutory-approval slippage. - Approved Ecosys trials - check whether they convert into recurring orders beyond current limited commitments. - PFY expansion execution - check installation progress and mix shift toward value-added yarns. - Steam monetization - check commercial dispatches and closure of remaining customer tie-ups. ## Which stock lists is Filatex India on? Filatex India is on one of our India lists: Penny stocks. [Penny stocks Earnings growth, 12 months (%): 34.78](https://www.sectoralpha.in/penny-stocks-india)

## Is Filatex India profitable? Filatex India Ltd earned ₹49.0 Cr of net profit in the Jun 2026 quarter, +19.5% on the same quarter a year earlier. Full-year FY26 profit was ₹184 Cr. Over 10 years profit has grown 21.6% a year on average. That is 4.3% of the quarter's revenue. The same quarter a year earlier earned ₹41.0 Cr. For the full year, FY26 profit was ₹184 Cr (+36.3% on the year before). Why profit moved: revenue changed +9.2% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +75.8% and revenue +0.3%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Filatex India make, and is it growing? Filatex India Ltd reported ₹1,145 Cr of revenue in the Jun 2026 quarter, +9.2% on the same quarter a year earlier. Over 10 years it has grown 12.5% a year on average. The last full year, FY26, came in at ₹4,161 Cr. The last four reported quarters add to ₹4,256 Cr. FY26 revenue was ₹4,161 Cr, −2.1% on the year before. Recent pace: the last four quarters grew +0.3% on average, against 12.5% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +0.2%, against −0.2% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +35.2%, against +23.9% a year (accelerating). ## How much of every ₹100 of sales does Filatex India keep? Filatex India Ltd's operating margin was 7.0% in the Jun 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 12 years it has been between 5.0% and 16.0%. The latest quarter is within that range. Why this happened. Brownfield expansion across FDY, POY, and DTY reaches 50% completion in September 2026 and balance in October 2026, expanding specialty yarn product mix and driving operating leverage. Why the margin moved: operating margin changed +0.4 percentage points on the year while gross margin changed −1.5 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Filatex India's profit turning into cash? Over the last 3 years, 168% of Filatex India Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹244 Cr of operating cash against ₹184 Cr of profit. After ₹101 Cr of spending on assets, ₹143 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 168% of profit came in as cash: the cash cycle got 20 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does Filatex India's cash go? Filatex India Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −5 days in FY26, down from 15 days in FY21. It spent ₹234 Cr on assets over the last 3 years. Customers take 9 days to pay, and stock sits for 49 days on average. At FY26 sales of ₹4,161 Cr, each day of that cycle ties up about ₹11.4 Cr, so roughly −₹57.0 Cr is tied up in the business at any time. FY26: customers took 9 days to pay and stock sat for 49 days, about 1.6 months of sales sitting as stock, for a full cycle of −5 days, shorter than FY21's 15. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 49 days. Customers pay about 9 days after that. Suppliers are paid at 63 days. Together that makes the −5-day cycle. Spending on assets: ₹234 Cr over the last 3 years, against ₹223 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹58.0 Cr (FY26): assets paid for that are not earning yet. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is Filatex India's P/E ratio, and how does it compare with its own history? Filatex India Ltd's P/E is 20.5×, near the high end of its own history: higher than 81% of past readings. Its usual P/E (the middle reading) is 14.0×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +36.6% while the price moved +40.4%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +11.8% a year; about −4.5% a year came from earnings growth and about +16.3 percentage points from the multiple (the market paying more); over 10 years the price moved +28.2% a year; about +23.8% a year came from earnings growth and about +4.4 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## What growth does the Filatex India share price assume? Worked out from its price on 26 August 2026, Filatex India Ltd's share price assumed profit growth of about 11.0% a year. Over the past 10 years its profit actually grew 21.6% a year. Today its P/E is 20.5×, higher than 81% of its own last 10 years. This is a one-day reading, taken on 26 August 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Filatex India business getting better or worse? Filatex India Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: profit growth has eased from +82.5% at its peak to +35.2%, but the business is still expanding, with ROCE steady at 16.1%. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## What is the Filatex India story, and has it been checked? Filatex India Ltd's story is not scored yet against the checks our research set on 22 August 2026. Where it sits in its own cycle: EXPANSION STARTED. Our read, 22 August 2026. Filatex is executing a ₹690 crore capacity and recycling pivot, but repeated project deferrals and FY27 Ecosys utilization walk-backs make operational commissioning the critical proof point. From the numbers. Operating margin recovered to 7% in Jun 2026 with revenue expanding to ₹1,145 crore, though capex…

From the price. Price stage 2, week 17, above its 200-day line, relative strength rising. From the research. Filatex is executing a ₹690 crore capacity and recycling pivot, but repeated project deferrals and FY27 Ecosys utilization walk-backs make operational commissioning the critical proof point. Where they disagree. Operating margin recovered to 7% in Jun 2026 with revenue expanding to ₹1,145 crore, though capex commissioning delays and inventory gains require ongoing verification. What is proven. Filatex is executing a ₹690 crore capacity and recycling pivot, but repeated project deferrals and FY27 Ecosys utilization walk-backs make operational commissioning the critical proof point. What is not proven yet. A failure to commission brownfield PFY capacity by October 2026, extended delays in Ecosys stabilization past FY27, or an inability to sustain operating margins above 7% as raw material inventory gains normalize would invalidate the operational recovery thesis. What would change our mind. A failure to commission brownfield PFY capacity by October 2026, extended delays in Ecosys stabilization past FY27, or an inability to sustain operating margins above 7% as raw material inventory gains normalize would invalidate the operational recovery thesis. The test written in advance. A failure to commission brownfield PFY capacity by October 2026, extended delays in Ecosys stabilization past FY27, or an inability to sustain operating margins above 7% as raw material inventory gains normalize would invalidate the operational recovery thesis. Measured by: the thesis as written as stated by the next result. The test written in advance. Polyester-spread and raw material volatility. Measured by: Polyester-spread and raw material volatility Next reported quarterly operating margin and polyester spread progression by the next result. The test written in advance. Catalyst date and benefit slippage. Measured by: Catalyst date and benefit slippage Commercial start confirmation for GAIL Mangalore and Indian Oil Paradip PTA plants by the next result. What the company does. Q1 FY27 revenue rose 9.2% YoY to ₹1,145 crore with PAT of ₹49 crore (up 19.5%), demonstrating pricing pass-through resilience after March-April spread compression. Brownfield PFY (55k MT) is tracking Oct 2026, but Ecosys recycling has slipped to Oct-Nov 2026 with FY27 framed as a stabilization phase, while IOC PTA is deferred to Mar 2027. What the surface reading misses. What the surface reading misses. The surface reading is: FY26 profit expansion of 36.7% can look like a continuing earnings acceleration. The research reads it further: Revenue declined while operating profit rose, but the final quarter then fell from the December quarter and management described a post-year-end spread reset. Lever 1 · Operating leverage: building. Brownfield PFY expansion adding 55,000 MT capacity goals ₹400-500 crore revenue uplift starting Q3 FY27. What proves it keeps working: Brownfield capacity commissioning. It stops working if Commissioning moves beyond October 2026 or incremental yarn volumes fail to find customer absorption. Lever 2 · Value-added mix: building. GAIL and IOC PTA capacity additions of 2.4 MT aim to narrow feedstock import premiums and enhance margins by 1-1.5%. What proves it keeps working: Domestic PTA supply expansion. It stops working if Further commissioning deferrals occur or domestic PTA producers maintain import parity pricing without competitive discounts. Lever 3 · Management change: building. Ecosys circular recycling platform goals ₹80-85 crore EBITDA at 30%+ margins once stabilized in FY28. What proves it keeps working: Textile-to-textile recycling ramp (Ecosys). It stops working if Trial approvals fail to convert into recurring orders or plant stabilization extends beyond FY27. Lever 4 · Paying down debt: building. India-EU FTA expected by end-CY26 would eliminate 10-12% import tariffs and unlock export demand. What proves it keeps working: EU tariff access. It stops working if FTA ratification is delayed or export order conversion remains muted. Sources: our stock research file (22 August 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Filatex India management deliver what it promised? What Filatex India Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. Ecosys Commissioning Date Pushed · 31 July 2026. In February and May 2026, management repeatedly planned production by the end of September and described the project as on track. The July 2026 call moves commencement to the end of October or early November, a material 1-2 month slip from the repeated goal; management cites installation and commissioning complexity but does not identify a specific new cause for the delay. Ecosys FY27 Utilization Visibility Reduced · 31 July 2026. The February 2026 call indicated a minimum initial utilization of 60% and expected the plant to reach full stream within 3-6 months. In July 2026, management expressly denied a 60% FY27 utilization goal and said FY27 would primarily be a stabilization period, materially reducing the visibility supporting the earlier ramp assumptions. PTA Capacity Commissioning Delayed · 31 July 2026. The May 2026 call expected GAIL's Mangalore PTA plant to begin commercial production around July 2026 and IOC's Paradip project to commission around December 2026. The July 2026 call now places GAIL's project at trial production in August-September 2026 and pushes IOC commissioning to March 2027, without explaining the schedule changes; this affects the timing of expected domestic PTA availability and related margin benefits. Steam Project Commercialization Delayed Further · 31 July 2026. In May 2026, management expected the steam project to be online by mid-July at the latest, but the July 2026 call moved commercialization to September. Because management associated the project with approximately INR 60 crores of EBITDA, the additional delay has potential FY27 earnings implications and the latest explanation of unspecified hiccups is not quantified. Every quote above is taken word for word from the company’s own earnings calls. ## How much does Filatex India earn on its capital? Filatex India Ltd earned a ROCE of 19% in FY26. That is up from a low of 12% in FY15. Its return on capital used (ROIC) is 2.2 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 4.4% net margin and 1.69× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 4.4% net margin × 1.69× asset turnover × 1.63× leverage (assets divided by equity) ≈ 12.1% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 14.2% − 12.0% = +2.2 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. ## Does Filatex India have too much debt? Filatex India Ltd has total debt of ₹150 Cr against shareholder equity of ₹1,505 Cr as of Jun 2026, so its debt is 0.10× its equity, which is very little. Year by year, that ratio went from 0.33 in FY22 to 0.10 in FY26. So the returns on this page come from the business, not from borrowed money. Why this happened. Zero-duty market access into Europe's €370 billion textile market creates export tariff parity with Vietnam and advantage over China. ## What is the Filatex India shareholding pattern? Domestic institutions raised their stake in Filatex India Ltd by 2.2 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 4.6% of the company. Foreign institutions moved +1.1 points over the same period, to 6.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Why this happened. Proprietary chemical recycling of polyester textile waste commands a 40-50% pricing premium over virgin chips to meet European EPR mandates, ramping to full commercial scale in FY28. Over the last two years: Domestic institutions: +2.2 points over 8 quarters, to 4.6%; Foreign institutions: +1.1 points over 8 quarters, to 6.3%; Promoters: +0.7 points over 8 quarters, to 65.5%. Why the owners changed: domestic institutions drove it (+2.2 points), together with foreign institutions (+1.1 points). They raised their stake step by step. ## How far is Filatex India from balance-sheet trouble? For Filatex India Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Filatex India rank in its industry? 72.6 out of 100, rank 1 of 4 in Textiles - Manmade Fibre - PFY/PSF, with 93% of the evidence available. Filatex India Ltd scores 72.6 out of 100 against the 4 companies it is compared with in Textiles - Manmade Fibre - PFY/PSF, ranking 1. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. The four parts add up to the total exactly: 23.2 + 17.1 + 12.3 + 20 = 72.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Filatex India compared with? Filatex India ranks 1 of 4 Textiles - Manmade Fibre - PFY/PSF companies on the 4-Factor Sector Score, with 72.6 out of 100. 1. Filatex India Ltd this page FILATEX · leader · Most evidence points up · 93% evidence 72.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.2/35 · Revenue 0.2% · Profit 35.2% · Operating margin change 1 points · 88% evidence Capital efficiency 17.1/25 · ROCE 19.1% · Operating margin 7% · 100% evidence Valuation 12.3/20 · P/E 20.6× · PEG 0.48 · 85% evidence Relative strength 20.0/20 · Lead over its industry 41.7% · Lead over NIFTY 500 54.2% · 1 year 40.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23.2 + 17.1 + 12.3 + 20 = 72.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [True Green Bio Energy Ltd](https://www.sectoralpha.in/stocks/true-green-bio-energy-ltd) TRUEGREEN · turning · Evidence leans up · 61% evidence 60.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.0/35 · Revenue 100% · Profit 100% · Operating margin change -8 points · 62% evidence Capital efficiency 10.5/25 · ROCE 13.8% · Operating margin 16% · 76% evidence Valuation 10.0/20 · P/E 11.9× · PEG n/a · 0% evidence Relative strength 20.0/20 · Lead over its industry 36.9% · Lead over NIFTY 500 43.2% · 1 year 157.5% · 100% evidence · 10 of 12 weeks ahead Exact sum: 20 + 10.5 + 10 + 20 = 60.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Century Enka Ltd](https://www.sectoralpha.in/stocks/century-enka-ltd) CENTENKA · losing its lead · Evidence leans up · 97% evidence 55.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.2/35 · Revenue 14.9% · Profit 100% · Operating margin change -2 points · 100% evidence Capital efficiency 7.5/25 · ROCE 8.2% · Operating margin 6% · 100% evidence Valuation 18.5/20 · P/E 6.9× · PEG 0.21 · 85% evidence Relative strength 2.9/20 · Lead over its industry -11.9% · Lead over NIFTY 500 -1.9% · 1 year -2.6% · 100% evidence · 10 of 12 weeks ahead Exact sum: 26.2 + 7.5 + 18.5 + 2.9 = 55.1 · What this means: Earnings are strong; relative strength in its sector is -11.9% and the one-year return is -2.6%. 4. [Sumeet Industries Ltd](https://www.sectoralpha.in/stocks/sumeet-industries-ltd) SUMEETINDS · basing · Most evidence points down · 76% evidence 19.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 5.1/35 · Revenue 9.1% · Profit -80% · Operating margin change -2.4 points · 88% evidence Capital efficiency 4.7/25 · ROCE 13.2% · Operating margin 3.1% · 100% evidence Valuation 10.0/20 · P/E 25.8× · PEG n/a · 0% evidence Relative strength 0.0/20 · Lead over its industry -62.8% · Lead over NIFTY 500 -56.9% · 1 year -68.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 5.1 + 4.7 + 10 + 0 = 19.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Textiles - Manmade Fibre - PFY/PSF](https://www.sectoralpha.in/sectors/textiles-manmade-fibre-pfy-psf), all 4 compared on one page. ## Which companies are close to Filatex India in size? Filatex India is the largest of 4 Textiles - Manmade Fibre - PFY/PSF companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Century Enka, Sumeet Industries and True Green Bio Energy. ### Textiles - Manmade Fibre - PFY/PSF companies close in size

1. Filatex India Ltd ₹3,964 crore
2. [Century Enka Ltd](https://www.sectoralpha.in/stocks/century-enka-ltd) ₹995 crore
3. [Sumeet Industries Ltd](https://www.sectoralpha.in/stocks/sumeet-industries-ltd) ₹638 crore
4. [True Green Bio Energy Ltd](https://www.sectoralpha.in/stocks/true-green-bio-energy-ltd) ₹636 crore

[All 4 Textiles - Manmade Fibre - PFY/PSF companies, largest first](https://www.sectoralpha.in/sectors/textiles-manmade-fibre-pfy-psf#all-companies)

### Companies close in size in other industries

1. [MPS Ltd](https://www.sectoralpha.in/stocks/mps-ltd) ₹3,970 crore · E-Commerce - Platform - Utility
2. [Sustainable Energy Infra Trust](https://www.sectoralpha.in/stocks/sustainable-energy-infra-trust) ₹3,969 crore · Infrastructure Investment Trusts
3. Filatex India Ltd ₹3,964 crore
4. [Jana Small Finance Bank Ltd](https://www.sectoralpha.in/stocks/jana-small-finance-bank-ltd) ₹3,953 crore · Banks - Small Finance
5. [Capital Infra Trust](https://www.sectoralpha.in/stocks/capital-infra-trust) ₹3,934 crore · Infra/Real Estate Investment Trust

## What else do people ask about Filatex India? ### What is Filatex India's share price today? Filatex India Ltd's share price is ₹89.02, +40.4% over the past year. The whole company is worth ₹3,952 Cr on the market. In the last 52 weeks it traded between ₹38 to ₹110; today it is 71% of the way up from the low, 25.5% above its 200-day average (as of 3 November 2026). ### What were Filatex India's latest quarterly results? Filatex India Ltd reported revenue of ₹1,145 Cr and net profit of ₹49.0 Cr for the Jun 2026 quarter. Revenue rose 9.2% and profit rose 19.5% compared with a year earlier. Earnings per share were ₹1.11. The operating margin was 7.0%, 1.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Filatex India's market cap? Filatex India Ltd's market capitalisation is ₹3,952 Cr at a share price of ₹89.02. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Filatex India performing? Filatex India Ltd's share price has been rising for 17 weeks. In its latest quarter, revenue rose 9.2% and profit rose 19.5% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 30 weeks running (as of 3 November 2026). ### Will Filatex India's share price go up? This page does not forecast Filatex India Ltd's share price. What it shows instead: the share price is ₹89.02, and it has been rising for 17 weeks. Its P/E of 20.5× is higher than 81% of its own last 10 years (as of 3 November 2026). ### Who owns Filatex India? Promoters own 65.5% of Filatex India Ltd, foreign institutions 6.3%, domestic institutions 4.6% and the public 23.6% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 2.2 percentage points over 8 quarters (as of 3 November 2026). ### Does Filatex India have too much debt? No, Filatex India Ltd has little debt: its debt is 0.10× its equity, and its operating profit is 7 times its interest bill. FY26 borrowings were ₹145 Cr against equity of ₹1,506 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Filatex India in its business cycle? Filatex India Ltd's FY26 operating margin was 8.0%, against a 12-year range of 5.0% to 16.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 7.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Filatex India story? The main question: results are strong, and the P/E is higher than 81% of its own history. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Filatex India a stock worth studying right now? What the numbers show: Filatex India Ltd's results are improving, and its P/E is near the top of its own history, higher than 81% of past readings. The main open question: whether earnings grow enough to match the multiple. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Filatex India share price forecast for 2026? What management itself guided: Standalone revenue guidance is ₹4,500 crore for FY27 and ₹4,800 crore for FY28; full-year forex is expected to be a loss around ₹10-15 crore. What is changing at Filatex India, from the latest results and calls: brownfield capacity commissioning, domestic pta supply expansion and textile-to-textile recycling ramp (ecosys). What would change the story: A failure to commission brownfield PFY capacity by October 2026, extended delays in Ecosys stabilization past FY27, or an inability to sustain operating margins above 7% as raw material inventory gains normalize would invalidate the operational recovery thesis. ## Lists

- Penny stocks: https://www.sectoralpha.in/penny-stocks-india

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