Classic Filament

Who are in the management team of Classic Filament?

As of March 2023, 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 governance.

As of March 2023, 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 governance.

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 Rs 14 Cr, and reported no net profit as of March 2025.

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 as a Private Limited Company in 1993, originally named V.Natwarlal Synthetics Private Limited. The company changed its name to Classic Filaments Private Limited on 10 September 1993 and later converted to a Public Limited Company on 15 February 1995. The latest quarterly results reported are for March 2025, showing no net profit.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2025)<BR>Market-cap value: Rs 14 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A<BR>Industry P/E: 23<BR>Dividend Yield: 0.00%<BR>Debt-Equity: 0.04<BR>Return on Equity: -1.58%<BR>Price-to-Book: 2.44<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

When is the next results date for Classic Filament?

No Upcoming Board Meetings

Has Classic Filament declared dividend?

No Dividend History Available

Who are the peers of the Classic Filament?

Classic Filament's peers include Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Eurotex Industries, Jagjanani Textiles, Amraworld Agrico, and Net Avenue. Key insights show K P R Mill Ltd excels in management risk and growth, while Classic Filament has a 1-year return of -41.19%, lower than its peers.

Peers: The peers of Classic Filament are Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Eurotex Industri, Jagjanani Text., Amraworld Agrico, and Net Avenue.<BR><BR>Quality Snapshot: Excellent management risk is observed at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Good management risk is found at Trent. Average management risk is noted at Trident and Net Avenue, and Below Average management risk is present at Amraworld Agrico and Sahaj Fashions. Growth is Excellent for K P R Mill Ltd and Good for Trent and Sahaj Fashions, while Below Average growth is seen at Page Industries, Vedant Fashions, Trident, Amraworld Agrico, and Net Avenue. Capital Structure is Excellent for K P R Mill Ltd and Page Industries, Good for Trident, and Below Average for Amraworld Agrico and Net Avenue.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Page Industries at 26.58%, while the lowest is Vedant Fashions at -24.67%. Classic Filament's 1-year return is -41.19%, which is lower than both of these peers. Additionally, the six-month return is negative for Vedant Fashions, Trident, and Classic Filament.

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.

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.

How big is Classic Filament?

As of 24th July, Classic Filaments Ltd has a market capitalization of 14.00 Cr, with reported Net Sales of 0.00 Cr and a Net Profit loss of 0.10 Cr in the latest four quarters. The balance sheet for March 2024 shows Shareholder's Funds of 5.79 Cr and Total Assets of 7.42 Cr.

As of 24th July, Classic Filaments Ltd has a market capitalization of 14.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 0.00 Cr and a Net Profit loss of 0.10 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, showing Shareholder's Funds of 5.79 Cr and Total Assets of 7.42 Cr.

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.

Why is Classic Filaments Ltd falling/rising?

As of 12-May, Classic Filaments Ltd's stock price is stable at 51.30, with no change. The stock has shown strong long-term growth of 113.75% over the past year, outperforming the benchmark Sensex, despite recent fluctuations and a slight decline over the past month.

As of 12-May, Classic Filaments Ltd's stock price is currently stable at 51.30, showing no change (0.00%). Over the past week, the stock has performed in line with its previous performance, with a 0.00% change, while the benchmark Sensex has decreased by 3.19%. This indicates that Classic Filaments Ltd has outperformed the benchmark in the short term.<BR><BR>However, looking at the longer-term performance, the stock has seen a decline of 4.82% over the past month, which is slightly better than the Sensex's decline of 3.86%. Year-to-date, the stock is down by 0.04%, while the Sensex has dropped by 12.51%. In contrast, the stock has shown significant growth over the past year, with an increase of 113.75%, while the Sensex has decreased by 9.55%. This strong yearly performance suggests that the stock has been resilient despite recent fluctuations.<BR><BR>The stock's performance over three years and five years is particularly noteworthy, with increases of 129.84% and 1440.54%, respectively, compared to the Sensex's growth of 20.20% and 53.13%. This long-term growth indicates a strong underlying business performance.<BR><BR>Today's trading activity shows that the stock has outperformed its sector by 0.41%, and there has been a notable increase in investor participation, with delivery volume rising by 188.66% on May 4 compared to the five-day average. This suggests a growing interest in the stock, despite its erratic trading pattern, where it did not trade on four days out of the last 20.<BR><BR>Overall, while the stock price remains unchanged today, the underlying trends indicate a mix of short-term stability and long-term growth potential, with increasing investor participation suggesting a positive outlook.

Which are the latest news on Classic Filament?