Faze Three Ltd

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NSEBSE

433.30-9.95 (-2.24%)

03:54 PM,27th Feb 2024

431.20-13.10 (-2.95%)

04:01 PM,27th Feb 2024

BSE : 530079

NSE : FAZE3Q

Sector : Industrials

ISIN Code : INE963C01033

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Last Updated: Feb 27 2024 | 04:01 PM IST

Market Cap (₹ Cr)

1053

Turnover (₹ Cr)

0.16

Volume (Shares)

37538

Face Value

10

52-WK High

540.00

52-WK High Date

17 Oct 2023

52-WK Low

261.70

52-WK Low Date

28 Feb 2023

All Time High

540.00

All Time High Date

17 Oct 2023

All Time Low

5.00

All Time Low Date

03 Nov 2000

Faze Three Ltd

Faze Three Exports Ltd (FTEL) was incorporated as a private limited company in Jan.'85 and became a deemed public limited company in Jan.'94. It was converted into a full-fledged public limited company in May '94. The Company is engaged in manufacturing and export of superior quality high-end Home Textile products supplying to top retailers across the globe. It has a diversified product line main products include Bathmats Bath Rugs Chairpads Blankets Rugs Throws Floor covering Bed spreads Patio Mats Seat covers etc. The Company is known for its sheer pursuit for innovation ideas and designs which reflects in its products and enjoyed being a preferred vendor to most of its customers. Majority of FTL's revenue (90%) is derived from Exports to USA UK and Europe region. It has 8 facilities to manufacture home textiles situated at Dadra and Nagar Haveli Vapi (Gujarat) Aurangabad (Maharashtra) and Panipat (Haryana) in India.Apart from these it has a diversified product basket which includes cotton and rubber backed bathmats durries tufted bed spreads and throws hand tufted carpets and rugs made of cotton and wool cushion covers curtains as well as poly cotton and cotton damask table covers napkins amongst many others. It has undertaken capex towards automation and streamlining existing facilities to improve efficiency and de-bottleneck operations.In Feb.'95 FTEL came out with a Rs 12.66-cr public issue (premium: Rs 110) to part-finance the proposed EOU to manufacture furnishing fabric etc at a project cost of Rs 15.7 cr. The company manufactures and exports cotton handlooms furnishing fabric and made-ups at its unit in Haryana. Its products include dhurries cushions furnishings carpets etc. FTEL exports to Japan Taiwan Hong Kong Germany the US etc. The company took over ARR Products on 31 Mar.'94. FTEL was the recipient of gold medals for its export performance in 1991-92 and 1992-93.In 1995-96 the business was adversely affected due to an earthquake in Japan which constituted a major part of exports. The construction work at the new project site at Silvassa was completed. New machineries were installed for manufacturing bathmats a new product item. The company is taking up new projects as part of its expansion and diversification plans into the field of home furnishing and other interior furnishing related products. The company has drawn an expansion plan for silvassa alongwith their joint venture partners Achter & Ebels Germany which are pioneers in field of automotive fabrics.During 1998-99 the company hived of Dadra (UT) manufacturing unit and to acquired controlling stake in V R Woodart Limited (formerly known as Veera Treatwood Limited). V R Woodart Ltd is 100 % EOU engaged in Mfg & Exporting of Rubber wood furniture. In 1999-2000 the Autofab division of the company has been hived off to the Joint Venture Company `Aunde Faze Three Autofab Ltd'. During March 2003 the name of the company was changed to Faze Three Limited. The Commercial production at Dapada Factory was commenced in April 2002 and the expansion and modernization of the Dyeing unit at Panipat was also completed.In the year 2003 the name of the company was changed to Faze Three Limited. The Dye House Plant of the Company at Vapi was commissioned on April 10 2005. In 2007-08 the Company acquired a German based manufacturing unit Pana Textil GmbH through a Special Purpose Vehicle (SPV) Faze Three Netherlands B.V. on 11th November 2007 and the said Company became a Dormant Company in 2016. In 2021-22 the Company incorporated a wholly owned subsidiary named Mats and More Private Limited on March 11 2022. It also commenced expansion at Handloom Home Textiles division located at Panipat for expanding capacity to 3x from current capacity in 2023.

Faze Three Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

1053

EPS - TTM (₹) [S]

20.59

P/E Ratio (X) [S]

3.46

Face Value (₹) 10
Latest Dividend (%)5.00
Latest Dividend Date 06 Jun 2022
Dividend Yield (%) 0.11
Book Value Share (₹) [S]125.21
P/B Ratio (₹) [S]3.46
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Taurus Mid Cap Fund (G) 3.72 81000 3.12
Taurus Mid Cap Fund (IDCW) 3.72 81000 3.12
Taurus Mid Cap Fund - Direct (IDCW) 3.72 81000 3.12
Taurus Mid Cap Fund - Direct (G) 3.72 81000 3.12
Taurus Infrastructure Fund (G) 0.25 5500 3.13
Taurus Infrastructure Fund (IDCW) 0.25 5500 3.13
Taurus Infrastructure Fund - Direct (IDCW) 0.25 5500 3.13
Taurus Infrastructure Fund - Direct (G) 0.25 5500 3.13

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

416.40

448.00

Week Low/High

405.05

462.00

Month Low/High

395.15

478.00

Year Low/High

261.70

540.00

All time Low/High

3.26

540.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week1.85%1.62%0.050.01%
1 Month5.17%4.93%3.393.96%
3 Month-9.99%-10.19%10.8012.14%
6 Month13.06%13.27%12.6515.22%
1 Year59.57%59.86%23.2927.63%
3 Year602.27%%48.8752.78%

Company Info

Company Information

Whole-time Director : Sanjay Anand

Chairman & Managing Director : Ajay Anand

Independent Director : Manan Shah

Independent Director : Vinit Rathod

Non Executive Director : Rashmi Ajay Anand

Independent Director : James Barry Leonard

Independent Director : Chuji Kondo

Company Sec. & Compli. Officer : Akram Sati

Registered Office: 380/1 Khanvel Silvassa Road, ,Dapada,Dadra & Nagar Haveli-396191 Ph: 91-260-2699323

Email:investors@fazethree.com

URL:http://www.fazethree.com