Classic Filament

Why is Classic Filaments Ltd falling/rising?

As of 12-Jul, Classic Filaments Ltd's stock price is Rs 48.50, unchanged from the previous day, but has declined 4.90% over the past week and 9.11% over the past month. Despite a strong annual gain of 107.89%, recent performance shows bearish sentiment with reduced trading activity and significant underperformance against the sector.

As of 12-Jul, Classic Filaments Ltd's stock price is currently at Rs 48.50, showing no change from the previous day. However, the stock has experienced a decline of 4.90% over the past week and 9.11% over the past month, indicating a downward trend in the short term. Year-to-date, the stock has fallen by 5.49%, although it has performed exceptionally well over the past year with a gain of 107.89%.<BR><BR>Today's performance reflects a significant underperformance against the sector, with a decrease of 5.03%. The stock also touched an intraday low of Rs 48.45, which is a 5% drop. Trading activity has been erratic, with the stock not trading on four out of the last twenty days, and there has been a notable decline in investor participation, with delivery volume dropping by 88.35% compared to the five-day average.<BR><BR>While the stock is trading above its 50-day and 200-day moving averages, it is below the 5-day, 20-day, and 100-day moving averages, suggesting a bearish sentiment in the short term. Overall, these factors contribute to the stock's current decline, reflecting a combination of poor recent performance, reduced trading activity, and falling investor interest.

Which are the latest news on Classic Filament?

What does Classic Filament do?

Classic Filaments Ltd manufactures texturised polyester yarn and operates in the Garments & Apparels industry as a Micro Cap company. It was incorporated in 1993, has a market cap of INR 33 Cr, and reported a net profit of 0 Cr for March 2026.

Overview:<BR>Classic Filaments Ltd is engaged in the manufacture of texturised polyester yarn and operates within the Garments & Apparels industry, classified as a Micro Cap company.<BR><BR>History:<BR>Classic Filaments Ltd was incorporated in 1993 as V. Natwarlal Synthetics Private Limited, later changing its name to Classic Filaments Private Limited on 10 September 1993. It was converted to a public limited company on 15 February 1995. The latest quarterly results reported are for March 2026, showing a net profit of 0 Cr.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2026)<BR>Market-cap value: INR 33 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A<BR>Industry P/E: 24<BR>Dividend Yield: 0.00%<BR>Debt-Equity: 0.06<BR>Return on Equity: -1.61%<BR>Price-to-Book: 5.60<BR><BR>Contact Details:<BR>Address: P No 1 Priyanka House, Umiyadham Road Varachha Surat Gujarat : 395006<BR>Tel: 91-0261-2540570<BR>Email: classicfilaments@ymail.com<BR>Website: http://www.classicfilamentsltd.com

How big is Classic Filament?

As of 10th June, Classic Filaments Ltd has a market capitalization of 33.00 Cr, with reported Net Sales of 0.00 Cr and a Net Profit loss of 0.15 Cr in the latest 4 quarters. Shareholder's Funds are 5.68 Cr and Total Assets amount to 7.45 Cr as of March 2025.

As of 10th June, Classic Filaments Ltd has a market capitalization of 33.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest 4 quarters, the company reported Net Sales of 0.00 Cr and a Net Profit loss of 0.15 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 5.68 Cr and Total Assets of 7.45 Cr.

Who are in the management team of Classic Filament?

The management team of Classic Filament includes Jayanti Madhubhai Gaudani (Managing Director), Bharat Anandbhai Patel (Director & CFO), Subhash Gurudeo Patle, Bhavesh Dholia, and Arunaben Kachchhi (all Independent Directors), along with Ankita Gandhi (Company Secretary & Compliance Officer). They are responsible for overseeing the company's operations and governance.

The management team of Classic Filament includes the following individuals:<BR><BR>1. **Jayanti Madhubhai Gaudani** - Managing Director<BR>2. **Bharat Anandbhai Patel** - Director & CFO<BR>3. **Subhash Gurudeo Patle** - Independent Director<BR>4. **Ankita Gandhi** - Company Secretary & Compliance Officer<BR>5. **Bhavesh Dholia** - Independent Director<BR>6. **Arunaben Kachchhi** - Independent Director<BR><BR>These members play key roles in overseeing the company's operations and governance.

Who are the peers of the Classic Filament?

Peers of Classic Filament include Tusaldah, Jaihind Industri, Anjani Synth., Mohit Industries, Marc Loire, United Cotfab, Libas Consumer, Cedaar Textile, and Vera Synthetic. Classic Filament outperforms its peers with a 1-year return of 111.66%, while Anjani Synth. has the lowest return at -58.61%.

Peers: The peers of Classic Filament are Tusaldah, Jaihind Industri, Anjani Synth., Mohit Industries, Marc Loire, United Cotfab, Libas Consumer, Cedaar Textile, and Vera Synthetic.<BR><BR>Quality Snapshot: Excellent management risk is observed at Marc Loire, while Average management risk is found at Cedaar Textile and Vera Synthetic, and the rest have Below Average management risk. Growth is Average at Marc Loire, while Below Average growth is seen in Tusaldah, Anjani Synth., Mohit Industries, United Cotfab, and the rest. Capital Structure is Good at Marc Loire and Libas Consumer, while Average is found at Cedaar Textile and Vera Synthetic, and the rest have Below Average capital structure.<BR><BR>Return Snapshot: Classic Filament has the highest 1-year return at 111.66%, while Anjani Synth. has the lowest at -58.61%. Classic Filament's return significantly outperforms all peers. Additionally, Mohit Industries, United Cotfab, and Anjani Synth. have negative six-month returns.

When is the next results date for Classic Filaments Ltd?

The next results date for Classic Filaments Ltd is 29 May 2026.

The next results date for Classic Filaments Ltd is scheduled for 29 May 2026.

How has been the historical performance of Classic Filament?

Classic Filament has experienced a significant decline in financial performance, with net sales and total operating income dropping to zero by March 2025, while operating profit, profit before tax, and profit after tax have consistently been negative since March 2021. Total assets decreased to 7.45 crore, and cash flow from operating activities has been non-existent since March 2021.

Answer:<BR>The historical performance of Classic Filament shows a significant decline in net sales over the years, with figures dropping from 2.44 crore in March 2019 to 0.00 crore by March 2025. Total operating income followed a similar trend, decreasing from 2.44 crore in March 2019 to 0.00 crore in March 2025. The company's total expenditure, excluding depreciation, also fell from 2.50 crore in March 2019 to 0.11 crore in March 2025. Operating profit (PBDIT) has consistently been negative since March 2021, reaching -0.11 crore in March 2025. Profit before tax and profit after tax have mirrored this negative trend, both standing at -0.11 crore in March 2025. The earnings per share (EPS) have also worsened, moving from -0.10 in March 2019 to -0.18 in March 2025. The company's total assets decreased from 7.98 crore in March 2021 to 7.45 crore in March 2025, while total liabilities slightly increased from 7.42 crore in March 2024 to 7.45 crore in March 2025. Cash flow from operating activities has been non-existent since March 2021, with a net cash inflow of 1.00 crore only recorded in March 2022.<BR><BR>Breakdown:<BR>Classic Filament's financial performance has deteriorated significantly over the years, with net sales dropping to zero by March 2025 from 2.44 crore in March 2019. The total operating income has mirrored this decline, also reaching zero in the same period. Total expenditure has decreased but remains at 0.11 crore, indicating minimal operational costs. The company has been operating at a loss, with operating profit (PBDIT) at -0.11 crore in March 2025, reflecting a consistent negative trend since March 2021. Profit before tax and profit after tax have both reached -0.11 crore, highlighting ongoing financial struggles. The earnings per share have worsened to -0.18, and total assets have decreased to 7.45 crore, while total liabilities have slightly increased to 7.45 crore. Cash flow from operating activities has been absent since March 2021, with only a net cash inflow recorded in March 2022.

Who are the top shareholders of the Classic Filament?

The top shareholders of Classic Filament include Bharat Anandkumar Patel with 17.33%, and Savita Bhavinkumar Thakkar, the highest public shareholder, with 6.13%. Individual investors hold a total of 22.66%, with no pledged promoter holdings or investments from mutual funds or foreign institutional investors.

The top shareholders of Classic Filament include the promoters, who hold the majority of the shares. The promoter with the highest holding is Bharat Anandkumar Patel, with 17.33%. Additionally, the highest public shareholder is Savita Bhavinkumar Thakkar, who holds 6.13%. Individual investors collectively hold 22.66% of the shares. Notably, there are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors (FIIs) holding shares.

Is Classic Filament overvalued or undervalued?

As of July 26, 2023, Classic Filament is considered overvalued and risky due to its negative PE ratio of -13.65, poor financial performance with a year-to-date return of -22.2%, and unfavorable comparisons to peers like K.P.R. Mill Ltd. and Trident Ltd.

As of 26 July 2023, the valuation grade for Classic Filament has moved from does not qualify to risky, indicating a significant change in its assessment. The company appears to be overvalued given its negative PE ratio of -13.65 and EV to EBIT of -13.89, alongside a Price to Book Value of 2.40. In comparison to its peers, K.P.R. Mill Ltd. is classified as very expensive with a PE ratio of 47.51, while Trident Ltd. is rated fair with a PE of 42.6, highlighting Classic Filament's unfavorable position in the market.<BR><BR>Overall, Classic Filament is overvalued, particularly when considering its negative returns year-to-date of -22.2% compared to the Sensex's positive return of 5.62%. The company's financial ratios, including a ROCE of -1.69% and ROE of -1.58%, further emphasize its struggles relative to the industry.

What is the technical trend for Classic Filament?

As of June 6, 2025, Classic Filament's technical trend has shifted to bearish, supported by negative signals from the MACD, RSI, Bollinger Bands, and moving averages across multiple time frames.

As of 6 June 2025, the technical trend for Classic Filament has changed from mildly bearish to bearish. The current stance is bearish with a strong indication from multiple indicators. The MACD is bearish on both the weekly and monthly time frames, supporting a negative outlook. The RSI is also bearish on the weekly, indicating downward momentum, while the monthly RSI shows no signal. Bollinger Bands confirm a bearish trend on both weekly and monthly charts. Daily moving averages are bearish, reinforcing the overall negative sentiment. The KST is bearish weekly and mildly bearish monthly, and Dow Theory indicates a mildly bearish stance on the weekly with no trend on the monthly. Overall, the bearish trend is supported by consistent negative signals across various indicators.

Has Classic Filament declared dividend?

No Dividend History Available