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 17-Mar, Classic Filaments Ltd's stock price is Rs 42.50, reflecting a 3.41% decrease and a total decline of 4.84% over the past week. The stock has underperformed against the Sensex and shows a year-to-date drop of 17.19%, despite a strong annual performance.

As of 17-Mar, Classic Filaments Ltd's stock price is falling, currently at Rs 42.50, which reflects a decrease of Rs 1.5 or 3.41%. The stock has been on a downward trend, having lost value for the last four consecutive days, resulting in a total decline of 4.84% over the past week. Additionally, the stock has underperformed compared to the benchmark Sensex, which has decreased by 2.73% in the same period.<BR><BR>The stock's performance over the past month shows a decline of 8.90%, while year-to-date, it has fallen by 17.19%, significantly worse than the Sensex's decline of 10.74%. Despite a strong performance over the past year, where the stock increased by 49.18%, the recent trends indicate a troubling shift.<BR><BR>Today's trading has been characterized by high volatility, with the stock experiencing an intraday range of Rs 4.4, reaching a high of Rs 46.2 and a low of Rs 41.8. The weighted average price suggests that more volume was traded closer to the lower price, indicating a lack of buying interest at higher levels. Furthermore, while there has been a rise in delivery volume by 21.4% against the 5-day average, the overall market sentiment appears negative, contributing to the stock's decline.

Why is Classic Filaments Ltd falling/rising?

As of 18-Mar, Classic Filaments Ltd's stock price has risen to Rs 44.62, marking a 4.99% increase and a trend reversal after 12 days of decline. Increased investor participation and trading above certain moving averages indicate positive momentum for the stock.

As of 18-Mar, Classic Filaments Ltd's stock price is rising, currently at Rs 44.62, reflecting an increase of Rs 2.12 or 4.99%. This upward movement is notable as it marks a trend reversal after 12 consecutive days of decline. The stock opened today with a gain of 4.99%, reaching an intraday high of Rs 44.62. Additionally, it has outperformed its sector by 2.2%, indicating positive momentum compared to the broader market.<BR><BR>Investor participation has also increased significantly, with delivery volume rising by 2948.47% compared to the 5-day average, suggesting heightened interest in the stock. Furthermore, the stock is trading above its 5-day and 200-day moving averages, which can be interpreted as a sign of strength, although it remains below the 20-day, 50-day, and 100-day moving averages.<BR><BR>Overall, the combination of a significant price increase today, a reversal from a previous downtrend, and increased investor activity contributes to the rising stock price of Classic Filaments Ltd.

Why is Classic Filaments Ltd falling/rising?

As of 19-Mar, the stock price of Classic Filaments Ltd is stable at 44.62, despite a 6.06% decline over the past month and a 13.06% year-to-date decrease. The stock has outperformed its sector by 2.78%, but mixed moving averages and a significant drop in investor participation indicate a cautious outlook.

As of 19-Mar, the stock price of Classic Filaments Ltd is currently stable at 44.62, showing no change (0.00%). Despite this stability, the stock has experienced a decline of 6.06% over the past month and a year-to-date decrease of 13.06%. However, it has performed exceptionally well over the past year, with an increase of 87.72%. <BR><BR>In the context of today's market performance, Classic Filaments Ltd has outperformed its sector by 2.78%, even though the broader textile sector has fallen by 2.78%. This indicates that while the stock price is not rising, it is maintaining its value better than its peers in the sector.<BR><BR>Additionally, the stock's moving averages show that it is higher than the 5-day and 200-day moving averages, but lower than the 20-day, 50-day, and 100-day moving averages, suggesting mixed short-term trends. Furthermore, there has been a significant drop in investor participation, with delivery volume falling by 83.89% compared to the 5-day average, which may indicate reduced interest from investors.<BR><BR>Overall, while the stock price remains unchanged today, the recent trends in performance and investor participation suggest a cautious outlook for Classic Filaments Ltd.

Why is Classic Filaments Ltd falling/rising?

As of 20-Mar, Classic Filaments Ltd's stock price is at 44.50, down 0.27%. The stock has seen a significant year-over-year increase of 80.09%, but recent performance shows a decline in investor interest and mixed moving average indicators, indicating downward pressure on the stock price.

As of 20-Mar, Classic Filaments Ltd's stock price is currently at 44.50, reflecting a decrease of 0.12 or 0.27%. The stock has shown a mixed performance over different periods, with a notable decline of 6.32% over the past month and a year-to-date drop of 13.29%. However, it has performed exceptionally well over the past year, with an increase of 80.09%, and a remarkable rise of 1171.43% over the past five years.<BR><BR>Today's performance indicates that the stock is in line with its sector, but it is currently lower than the 20-day, 50-day, and 100-day moving averages, despite being higher than the 5-day and 200-day moving averages. This suggests that while there has been some recent strength, it is not enough to maintain upward momentum.<BR><BR>Additionally, there has been a significant decline in investor participation, with delivery volume on 19 March falling by 93.81% compared to the 5-day average. This drop in trading activity could indicate waning interest among investors, contributing to the stock's current decline. Overall, the combination of recent price decreases, lower investor participation, and mixed moving average indicators suggests that Classic Filaments Ltd is experiencing downward pressure on its stock price.

Why is Classic Filaments Ltd falling/rising?

As of 23-Mar, Classic Filaments Ltd's stock price is rising to Rs 46.72, up 4.99%, driven by strong historical performance and increased investor interest, outperforming the benchmark Sensex and the broader textile sector. The stock's upward trend is supported by positive trading indicators and significant delivery volume growth.

As of 23-Mar, Classic Filaments Ltd's stock price is rising, currently at Rs 46.72, reflecting an increase of Rs 2.22 or 4.99%. This upward movement is supported by several factors. Over the past week, the stock has outperformed the benchmark Sensex, gaining 6.18% while the Sensex fell by 3.72%. Additionally, the stock has shown strong performance over the past year, with a remarkable increase of 100.26%, compared to the Sensex's decline of 5.47% during the same period.<BR><BR>Today's trading performance indicates that Classic Filaments Ltd has outperformed its sector by 7.33%. The stock reached an intraday high of Rs 46.72, and it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 68.82% against the 5-day average, indicating growing interest among investors.<BR><BR>In contrast, the broader textile sector has experienced a decline of 2.41%, yet Classic Filaments Ltd has managed to rise amidst this downturn, highlighting its relative strength in the market. Overall, the combination of strong historical performance, positive trading indicators, and increased investor activity contributes to the stock's current rise.

Why is Classic Filaments Ltd falling/rising?

As of 24-Mar, Classic Filaments Ltd's stock price has risen to Rs 48.81, up 4.47%, driven by strong recent performance and sector support, despite a significant decline in investor participation. The stock has outperformed the Sensex and is trading above its moving averages, indicating a positive trend.

As of 24-Mar, Classic Filaments Ltd is experiencing a rise in its stock price, currently at Rs 48.81, which reflects an increase of Rs 2.09 or 4.47%. This upward movement can be attributed to several factors. Over the past week, the stock has outperformed the benchmark Sensex, gaining 14.85% compared to the Sensex's decline of 2.63%. Additionally, the stock has shown strong performance over the last two days, with a total return of 9.69%. <BR><BR>Today, the stock opened with a significant gain of 4.99% and reached an intraday high of Rs 49.05. It is also noteworthy that Classic Filaments Ltd is trading above its moving averages across various time frames, indicating a positive trend. Furthermore, the textile sector has gained by 2.56%, which may also contribute to the stock's performance. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 78.26% against the 5-day average, which could indicate a potential concern for future trading activity. Overall, the combination of strong recent performance and sector support has led to the rise in Classic Filaments Ltd's stock price.

Why is Classic Filaments Ltd falling/rising?

As of 25-Mar, Classic Filaments Ltd's stock price is rising to Rs 51.25, up 5.0% due to strong recent performance and increased investor interest, as indicated by significant gains and trading above key moving averages.

As of 25-Mar, Classic Filaments Ltd's stock price is rising, currently at Rs 51.25, reflecting an increase of Rs 2.44 or 5.0%. This upward movement can be attributed to several key factors. <BR><BR>Firstly, the stock has shown strong performance over the past week, gaining 14.86%, while the benchmark Sensex has declined by 1.87%. Additionally, in the last three days, the stock has consistently gained, resulting in a total return of 15.17% during this period. The stock opened today with a significant gap up of 4.49%, indicating strong buying interest from investors.<BR><BR>Moreover, Classic Filaments Ltd is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is a positive technical indicator suggesting bullish momentum. The stock also experienced a notable increase in investor participation, with delivery volume rising by 528.7% compared to the 5-day average, indicating heightened interest and confidence among investors.<BR><BR>Overall, these factors contribute to the stock's rising price, reflecting a positive sentiment in the market towards Classic Filaments Ltd.

Which are the latest news on Classic Filament?