Classic Filament

Why is Classic Filaments Ltd falling/rising?

As of 01-Sep, Classic Filaments Ltd's stock price is stable at Rs 50.92, with recent increases of 4.99% over the week and 5.29% over the month. However, declining investor participation and erratic trading patterns may pose challenges for future price stability.

As of 01-Sep, Classic Filaments Ltd's stock price is currently stable at Rs 50.92, showing no change (0.00%). However, the stock has demonstrated a positive performance over the past week and month, with increases of 4.99% and 5.29%, respectively. This indicates a recent upward trend compared to the Sensex, which has declined by 0.92% over the same week and 1.47% over the month.<BR><BR>Despite the current price stability, the stock has outperformed its sector by 4.38% today, suggesting that it is maintaining investor interest. The stock reached an intraday high of Rs 50.92, reflecting a positive movement of 4.99%. However, there are signs of erratic trading, as the stock did not trade on 4 out of the last 20 days, which may indicate some volatility.<BR><BR>Additionally, there has been a significant drop in investor participation, with delivery volume on August 24 falling by 99.95% compared to the 5-day average. This decline in trading activity could be a concern for future price movements. While the stock is trading above its 5-day, 50-day, 100-day, and 200-day moving averages, it is below the 20-day moving average, which may suggest a potential shift in momentum.<BR><BR>Overall, while Classic Filaments Ltd has shown positive returns recently, the combination of erratic trading patterns and declining investor participation may pose challenges for sustained price increases in the future.

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 oversee the company's operations and strategic direction.

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>This team is responsible for overseeing the company's operations and strategic direction.

What does Classic Filament do?

Classic Filaments Ltd manufactures texturised polyester yarn and operates in the Garments & Apparels industry as a Micro Cap company. As of June 2026, it reported net sales of 10 Cr and a net profit of 1 Cr.

Overview:<BR>Classic Filaments Ltd is engaged in the manufacture of texturised polyester yarn and operates within the Garments & Apparels industry, categorized as a Micro Cap company.<BR><BR>History:<BR>Classic Filaments Limited was incorporated in 1993 as V. Natwarlal Synthetics Private Limited and later changed its name in September 1993. It was converted to a public limited company in February 1995. The latest quarterly results report net sales and profit for June 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 10 Cr (Quarterly Results - Jun 2026)<BR>- Net Profit: 1 Cr (Quarterly Results - Jun 2026)<BR>- Market cap: INR 30 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: N/A<BR>- Industry P/E: 28<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 0.06<BR>- Return on Equity: -1.61%<BR>- Price to Book: 5.29<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

Who are the peers of the Classic Filament?

Peers of Classic Filament include Maris Spinners, Swasti Vinayaka, Valson Industrie, Subhash Silk, Gem Spinners, Katare Spinning, Gujarat Cotex, Tusaldah, Sparkle GoldRock, and Libas Consumer. Classic Filament leads with a 1-year return of 114.22%, significantly outperforming its peers.

Peers: The peers of Classic Filament are Maris Spinners, Swasti Vinayaka, Valson Industrie, Subhash Silk, Gem Spinners, Katare Spinning, Gujarat Cotex, Tusaldah, Sparkle GoldRock, and Libas Consumer.<BR><BR>Quality Snapshot: Below Average management risk is observed at Maris Spinners, Valson Industrie, Katare Spinning, Gujarat Cotex, and Tusaldah, while Average management risk is found at Swasti Vinayaka and Sparkle GoldRock. The peers Subhash Silk, Classic Filament, and Gem Spinners do not qualify for management risk assessment. Growth ratings show Below Average for Maris Spinners, Swasti Vinayaka, Valson Industrie, Katare Spinning, Gujarat Cotex, Tusaldah, and Sparkle GoldRock, while Classic Filament, Subhash Silk, and Gem Spinners do not qualify. Capital Structure ratings are Good for Swasti Vinayaka, Average for Sparkle GoldRock, and Below Average for Maris Spinners, Valson Industrie, Katare Spinning, Gujarat Cotex, and Tusaldah, with Subhash Silk, Classic Filament, and Gem Spinners not qualifying.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Classic Filament at 114.22%, while Swasti Vinayaka has the lowest at -37.74%. Classic Filament's return significantly outperforms all its peers. Additionally, the six-month returns for Gujarat Cotex, Tusaldah, and Sparkle GoldRock are negative.

How big is Classic Filament?

As of 31st August, Classic Filaments Ltd has a market capitalization of 30.00 Cr, with recent Net Sales of 10.38 Cr and a Net Profit of 0.44 Cr. Shareholder's Funds are 5.68 Cr and Total Assets are valued at 7.45 Cr as of March 2025.

As of 31st August, Classic Filaments Ltd has a market capitalization of 30.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Classic Filaments reported Net Sales of 10.38 Cr and a Net Profit of 0.44 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 valued at 7.45 Cr.

Which are the latest news on Classic Filament?

When is the next results date for Classic Filaments Ltd?

The next results date for Classic Filaments Ltd is 28 July 2026.

The next results date for Classic Filaments Ltd is scheduled for 28 July 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