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Stock Analysis

Description

Faze Three Limited, established in 1985, is primarily engaged in manufacturing and exports of end home textile products items like bathmats, rugs, blankets, throws, cushions, etc. The company has diversified its product mix across categories in the Home Textile segment and is also a direct exporter to top retail store chains in USA, UK and Europe.

Key Growth Triggers

Management's forecast of 22-25% revenue growth for FY26 and FY27.
Leveraging the China+1 strategy, diversification of product categories, and new customer acquisitions.
Ongoing investments in capacity expansion and new technologies since FY19.

Order Book

Currently no data available for Order Book.

Key Red Flags

Recent Q2 FY26 results showed negative consolidated PAT and margin compression.
US trade tariffs pose a significant risk to profitability.
CARE Ratings are on Rating Watch with Negative Implications due to these pressures.
Currency MTM losses impacted recent performance.

Key Dates To Watch

Board meeting for Q2 FY26 results: November 13, 2025.
Trading window closure for Q3 FY26 results: January 1, 2026.

Corporate Announcements

7th Apr 26

Impact Rating: 6

Faze Three Limited has submitted its compliance certificate to BSE and NSE for the fourth quarter ended March 31, 2026, confirming adherence to SEBI regulations on share dematerialisation.

1st Apr 26

Impact Rating: 9

Faze Three Limited has exited its 3.12% stake in Megamont Limited by selling 9 lakh equity shares via off-market transfer on March 30, 2026, as per SEBI regulations.

31st Mar 26

Impact Rating: 7

Faze Three Limited has sold its 9,00,000 equity shares in Megamont Limited and applied to be reclassified from 'Promoter' to 'Public' status, confirming no further control.

30th Mar 26

Impact Rating: 6

In compliance with SEBI regulations, Faze Three Limited will shut its trading window for insiders starting April 1, 2026. This closure is linked to the upcoming board meeting for considering audited financial results.

6th Mar 26

Impact Rating: 6

Faze Three Limited will join the Arihant Capital Bharat Connect Conference on March 11, 2026. The company will discuss publicly available information with investors and analysts.

Peer Comparision

S.No.	Name	Current Price (Rs.)	Price to Earning	Market Capitalization (Rs.Cr.)	Dividend yield (%)	Net Profit latest quarter (Rs.Cr.)	YOY Quarterly profit growth (%)	Sales latest quarter (Rs.Cr.)	YOY Quarterly sales growth (%)	Return on capital employed (%)	Sales (Rs.Cr.)	OPM (%)	Profit after tax (Rs.Cr.)	Profit after tax latest quarter (Rs.Cr.)	Price to book value	Return on assets (%)	Debt to equity
1.	K P R Mill Ltd	858.95	35.06	29360.11	0.58	218.03	6.36	1632.03	10.27	19.84	6696.50	18.81	837.53	218.03	5.49	13.49	0.06
2.	Trident	25.44	29.21	12964.11	1.97	90.93	9.30	1787.17	4.33	9.48	7025.49	13.73	443.85	90.93	2.81	5.01	0.35
3.	Vardhman Textile	420.95	14.46	12175.44	1.19	187.76	-4.99	2480.10	-0.89	10.83	9839.63	12.80	842.12	187.03	1.20	6.99	0.15
4.	Welspun Living	125.74	34.15	12060.38	1.35	14.86	-93.54	2440.91	-15.04	14.41	9836.99	9.91	353.18	12.98	2.50	6.51	0.56
5.	Alok Industries	15.82	–	7855.01	0.00	-217.63	20.32	858.24	-0.65	-4.76	3684.78	0.03	-750.79	-217.53	–	-12.86	–
6.	Garware Tech.	635.00	30.91	6303.38	1.26	31.94	-51.50	347.90	-17.28	24.68	1498.40	18.65	203.91	31.99	4.85	13.13	0.10
7.	Raymond Lifestyl	945.10	72.65	5757.89	0.00	75.19	-13.60	1832.40	7.27	2.87	6511.19	7.62	79.25	78.61	0.60	0.48	0.26
8.	Faze Three	373.30	26.56	907.83	0.00	-4.36	-161.24	200.56	34.97	11.82	774.12	9.22	34.18	-4.36	2.14	5.41	0.52
–	Median: 104 Co.	129.27	19.38	402.98	0.0	5.45	13.29	134.72	2.75	9.04	454.23	8.34	15.66	5.36	1.58	3.25	0.47

Quarterly Results

Standalone figures in ₹ crores

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	135.42	133.02	132.99	127.77	128.48	129.12	150.48	141.47	148.60	170.05	198.79	204.72	200.56
Expenses	111.72	110.58	109.81	108.96	107.03	107.72	135.43	125.97	131.74	149.30	176.20	181.62	195.62
Operating Profit	23.70	22.44	23.18	18.81	21.45	21.40	15.05	15.50	16.86	20.75	22.59	23.10	4.94
Other Income	0.96	2.12	1.35	4.98	2.63	1.90	2.15	2.78	2.11	0.74	8.39	4.73	0.79
Profit before tax	19.39	19.10	18.40	16.39	16.56	15.45	8.84	9.62	9.76	11.43	20.61	17.02	-5.81
Tax %	26.41%	25.34%	21.90%	26.30%	26.45%	25.95%	27.49%	27.96%	27.05%	23.10%	17.56%	25.03%	-24.96%
Net Profit	14.27	14.26	14.37	12.08	12.18	11.44	6.41	6.93	7.12	8.79	16.99	12.76	-4.36
EPS in Rs	5.87	5.86	5.91	4.97	5.01	4.70	2.64	2.85	2.93	3.61	6.99	5.25	-1.79

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	231	218	242	244	240	266	302	324	505	548	536	659	774
Expenses	208	202	213	224	220	236	267	276	423	448	445	574	703
Operating Profit	23	16	28	19	19	30	35	48	82	100	90	85	71
Other Income	-5	-1	1	23	11	2	4	2	7	6	8	14	15
Interest	15	14	14	8	8	7	9	6	8	15	22	24	16
Depreciation	5	5	14	7	7	5	8	9	10	14	20	24	26
Profit before tax	-1	-4	2	27	16	19	22	35	71	77	57	51	43
Net Profit	-2	-4	2	38	17	16	19	25	51	57	42	40	34
EPS in Rs	-1.26	-3.53	1.26	16.25	6.92	6.70	7.92	10.28	21.00	23.62	17.32	16.38	14.06
Dividend Payout %	0%	0%	0%	0%	7%	0%	6%	0%	0%	2%	0%	0%	–

Balance Sheet

Standalone figures in ₹ crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	12	12	12	23	24	24	24	24	24	24	24	24	24
Reserves	-47	-52	-50	128	148	162	180	204	256	312	354	392	400
Borrowings	81	68	60	52	74	67	66	103	167	173	169	180	220
Other Liabilities	204	229	211	42	15	17	17	27	42	34	40	72	90
Total Liabilities	251	258	233	245	261	271	287	359	489	543	587	668	734
Fixed Assets	77	76	65	112	113	121	137	141	161	212	243	279	300
Gross Block	130.65	134.87	138.53	188.64	198.64	209.37	233.66	243.05	275.36	339.63	377.92	435.71	–
Accumulated Depreciation	54.07	58.90	73.14	76.15	85.24	88.80	96.90	102.20	114.55	127.42	134.71	156.88	–
CWIP	0	0	0	0	1	0	1	1	4	4	5	7	7
Investments	0	0	0	0	3	3	3	3	13	15	17	13	17
Other Assets	174	181	167	132	144	148	147	214	312	312	322	368	410
Total Assets	251	258	233	245	261	271	287	359	489	543	587	668	734

Cash Flows

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	0	30	23	-33	-14	37	31	9	-7	109	35	29
Cash from Investing Activity	-1	-3	-3	18	-4	-15	-5	-53	-51	-47	-42	-48
Cash from Financing Activity	-4	-27	-19	15	18	-13	-22	31	61	-6	-18	-7
Net Cash Flow	-5	-0	0	-0	0	9	4	-13	3	56	-26	-27

Ratios

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	73	89	78	59	61	62	55	82	63	63	51	45
Inventory Days	299	313	272	207	221	205	158	162	180	119	192	210
Days Payable	143	149	62	67	21	26	18	31	35	18	24	44
Cash Conversion Cycle	229	253	289	199	260	241	195	212	209	163	219	211
Working Capital Days	-125	-151	-128	60	71	56	61	51	32	3	26	40
ROCE %	47%	35%	61%	29%	10%	11%	12%	14%	20%	19%	15%	12%

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	51.54%	56.16%	56.16%	56.16%	56.16%	56.16%	56.16%	56.16%	57.95%	57.95%	57.95%	57.95%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%	0.00%	0.02%	0.10%	0.01%
DIIs	0.00%	0.00%	0.12%	0.36%	0.47%	0.44%	0.47%	0.29%	0.26%	0.26%	1.13%	0.97%
Public	48.46%	43.84%	43.72%	43.47%	43.38%	43.40%	43.35%	43.56%	41.80%	41.65%	40.70%	40.85%

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Faze Three Limited Confirms Q4 FY26 Regulatory Compliance for Share Dematerialisation

7th April 2026, 5:53 pm

Faze Three Sells Entire Stake in Megamont Limited, Holding Drops to Nil

1st April 2026, 5:08 pm

Faze Three Sells Entire Stake in Megamont, Seeks Promoter Reclassification

31st March 2026, 11:07 pm

Faze Three Limited Closes Trading Window for Insiders Ahead of Financial Results

30th March 2026, 9:29 pm

Faze Three to Participate in Investor Conference on March 11

6th March 2026, 11:11 pm

Published by Other Websites

External media mentions & references

US Tariff Cut Sparks Textile Stock Rally, Analyst Caution Remains

4th February 2026, 11:25 am

India-US Trade Deal Sparks Biggest Rally Since May 2025: Sensex Surges 2,000 Points

3rd February 2026, 3:59 pm

Sub-Rs 100 Stocks Surge: Buyers Dominate Dozen Penny Shares

12th January 2026, 4:28 pm

Indian Textile Stocks Soar on Optimism Over Resumed US Trade Negotiations

10th September 2025, 11:18 am

Indian Stock Market Ends August on a Weak Note as Indices Decline, FIIs Continue Selling

31st August 2025, 9:04 am

News Articles

Editorial & research coverage

US Tariff Cut Sparks Textile Stock Rally, Analyst Caution Remains

4th February 2026, 11:25 am

Sub-Rs 100 Stocks Surge: Buyers Dominate Dozen Penny Shares

12th January 2026, 4:28 pm

Faze Three Revenue Soars 28%, But Tariffs Squeeze Profits

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

9 Jan - Registrar's certificate under Reg 74(5) confirming dematerialisation compliance for quarter and nine months ended Dec 31, 2025.

Intimation Of Change In The Contact Details Of The Registrar And Transfer Agent Of The Company

3 Jan - RTA MUFG Intime updated email Investor.helpdesk@in.mpms.mufg.com and phone +91 8108116767 on Jan 3, 2026.

Closure of Trading Window

Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015

25 Dec - GST inspection at two Mumbai corporate offices on Dec 24, 2025; records collected; company expects no material impact.

Announcement under Regulation 30 (LODR)-Newspaper Publication

15 Nov 2025 - Newspaper advertisement published today, pertaining to the following: 1. Unaudited Financial Results (Standalone and consolidated) of the Company for the second quarter and half year …