Faze Three Limited (FAZE3Q)

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Faze Three Limited (FAZE3Q) · mywealthgrid

About

Faze Three Limited manufactures textile products in the consumer discretionary sector, specifically in Other Textile Products. Operating at a scale of ₹220–280 Cr quarterly revenue with a market cap of ₹1,184 Cr, the company is controlled by promoters (58%) with minimal institutional participation. Recent quarters show significant earnings volatility despite stable revenue, suggesting operational challenges.

Face value: ₹10

Market cap

₹1,052 Cr

P/E

34.6×

P/B

2.3×

Dividend yield

ROE

7.7%

ROCE

13.1%

Debt / equity

0.6

OPM

8.9%

EPS (TTM)

₹12.5

Book value

₹186.0

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Earnings collapse despite stable revenue: Sep 2025 loss of ₹4.36 Cr (-1.8 EPS) on ₹207 Cr revenue; Mar 2026 recovered to ₹19.6 Cr (₹8.06 EPS). Verify root cause and sustainability.
Extreme margin volatility: OPM swings from 2.46% (Sep 2025) to 12.26% (Mar 2026) on similar revenue; suggests unmanaged cost spikes or operational control issues.
Valuation disconnected from earnings quality: PE 38.9 is high relative to ROE 7.7% and thin margins (8.94% avg); implies market assumes recovery that has not yet stabilised.
Institutional investor absence: FII fell from 0.15% to 0% and DII <1%; verify whether reflects sector concern or confidence gap in company execution.

Generated analysis · source review pending

Growth drivers

Margin recovery from 2.46% OPM (Sep 2025) to 12.26% (Mar 2026) demonstrates operational levers exist; if sustained, will drive EPS growth without revenue growth.
Revenue stabilization at ₹228–238 Cr (Mar–Jun 2026) after dip to ₹200 Cr (Sep 2025); growth from current base expands absolute profit.
EPS swing from -₹1.8 (Sep 2025) to ₹8.06 (Mar 2026) shows margin improvement is the growth driver; verify what changes enabled it.

Generated analysis · source review pending

2,171 historical price candles were omitted because the exchange source has not been verified.

₹433.1+2.6%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 23.2% over the last 5 years

Cons

−Low return on equity of 10.3% (3-yr avg)

Research score

Structured signal from quality, growth, valuation and momentum.

37/100

Business quality: 27
Growth: 29
Valuation: 55

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
K.p.r. Mill LimitedKPRMILLKPRMILL	₹36,607 Cr	₹37,203 Cr	₹6,820 Cr	₹1,332 Cr	19.1%	₹912 Cr	13%	21.4%	16.2%	181
Welspun Living LimitedWELSPUNLIVWELSPUNLIV	₹22,941 Cr	₹24,744 Cr	₹9,934 Cr	₹884 Cr	8.4%	₹278 Cr	2.3%	6.6%	4.2%	108
Vardhman Textiles LimitedVTLVTL	₹15,322 Cr	₹17,177 Cr	₹10,186 Cr	₹1,387 Cr	12.6%	₹848 Cr	7.6%	8.6%	7.3%	259
Trident LimitedTRIDENTTRIDENT	₹11,293 Cr	₹13,061 Cr	₹6,781 Cr	₹877 Cr	13%	₹395 Cr	5.6%	10.6%	8%	103
Indo Count Industries LimitedICILICIL	₹8,789 Cr	₹9,862 Cr	₹4,390 Cr	₹424 Cr	9.5%	₹151 Cr	3.1%	10%	5.5%	215
Garware Technical Fibres LimitedGARFIBRESGARFIBRES	₹7,630 Cr	₹7,671 Cr	₹1,644 Cr	₹306 Cr	18.6%	₹190 Cr	13%	21.6%	15.3%	172
Kusumgar LimitedKUSUMGARKUSUMGAR	₹6,222 Cr	₹6,445 Cr	₹692 Cr	₹188 Cr	27.2%	₹98 Cr	14.2%	43.8%	35.2%	—
Filatex India LimitedFILATEXFILATEX	₹4,712 Cr	₹4,840 Cr	₹4,256 Cr	₹346 Cr	8.3%	₹191 Cr	4.4%	17.4%	12.9%	-4
Jindal Worldwide LimitedJINDWORLDJINDWORLD	₹4,594 Cr	₹5,152 Cr	₹2,300 Cr	₹124 Cr	5.9%	₹80 Cr	3.1%	13.5%	7.9%	112
Sanathan Textiles LimitedSANATHANSANATHAN	₹4,257 Cr	₹5,744 Cr	₹4,401 Cr	₹323 Cr	7.5%	₹61 Cr	2%	6.9%	4.2%	-25
Raymond Lifestyle LimitedRAYMONDLSLRAYMONDLSL	₹3,823 Cr	₹5,023 Cr	₹6,973 Cr	₹671 Cr	9.6%	₹43 Cr	0.7%	4%	0.5%	102
Alok Industries LimitedALOKINDSALOKINDS	₹3,505 Cr	₹29,610 Cr	₹3,775 Cr	₹66 Cr	0.8%	₹-711 Cr	-20%	-4%	—	93

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	302	325	504	558	565	690	923
COGS	138	151	219	242	257	342	489
Gross profit	164	174	286	316	308	348	434
	130	126	206	221	221	267	352
	34	48	80	94	87	80	83
OPM %	11.1%	14.7%	15.8%	16.9%	15.3%	11.7%	8.9%
Depreciation	8	9	10	14	21	25	31
Interest	9	6	5	8	11	15	19
	4	2	7	6	8	12	10
Profit before tax	21	35	71	78	62	53	42
Tax	3	10	20	19	16	12	8
Tax %	14.4%	29.4%	28.5%	24.9%	25.4%	22.8%	20.2%
	18	25	51	58	47	41	34
PAT margin %	6%	7.7%	10.1%	10.4%	8.3%	5.9%	3.6%
EPS (₹)	—	—	—	24	19.2	16.7	13.8
EPS adjusted (₹)	7.5	10.3	21	24	19.2	16.7	13.8
	—	—	—	2.1%	0%	0%	—
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	24	24	24	24	24	24	24	24
Reserves	162	177	202	254	310	356	396	428
	67	55	92	158	161	157	180	270
	18	29	39	51	51	56	86	97
Total equity & liabilities	271	285	357	488	546	593	686	819
	121	125	131	153	216	252	306	359
CWIP	0	1	1	4	4	7	9	12
Investments	3	0	0	10	12	14	11	18
	148	159	224	320	314	321	362	430
Total assets	271	285	357	488	546	593	686	819

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	54.3%	53.5%	56.6%	56.6%	54.5%	50.4%	47.1%
EBITDA margin %	11.1%	14.7%	15.8%	16.9%	15.3%	11.7%	8.9%
EBIT margin %	8.5%	12%	13.8%	14.3%	11.7%	8%	5.6%
PAT margin %	6%	7.7%	10.1%	10.4%	8.3%	5.9%	3.6%
Working capital
Receivable days	53	78	59	63	49	48	45
Inventory days	161	169	192	121	189	211	141
Payable days	18	32	36	24	26	43	25
NWC days	196	215	215	160	211	216	161
Leverage
Current ratio	1.94	1.73	1.57	1.64	1.65	1.42	1.26
Debt to EBITDA	1.63	1.92	1.98	1.7	1.81	2.24	3.27
Debt to equity	0.27	0.41	0.57	0.48	0.41	0.43	0.6
Interest coverage	3.5	7.2	15.3	10.9	6.6	4.6	3.2
Asset turnover	1.06	0.91	1.03	1.02	0.95	1.01	1.13
Return ratios
Return on assets %	6.4%	7%	10.5%	10.7%	7.9%	5.9%	4.1%
Return on capital employed %	13.9%	18.2%	28.9%	26.6%	19.6%	16.1%	13.1%
Return on equity %	9%	11%	18.4%	17.4%	12.2%	9.7%	7.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	56.16%	56.16%	56.16%	56.16%	56.16%	57.95%	57.95%	57.95%	57.95%	57.95%	58.01%	58.01%
	0%	0%	0%	0.02%	0%	0%	0.02%	0.1%	0.01%	0%	0.15%	0%
	0.36%	0.46%	0.44%	0.48%	0.29%	0.26%	0.26%	1.13%	0.98%	0.78%	0.77%	0.77%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	43.48%	43.38%	43.4%	43.34%	43.55%	41.79%	41.66%	40.71%	40.86%	41.07%	40.88%	41.03%
No. of shareholders	—	—	—	—	—	—	—	—	12,322	11,836	10,850	10,004

Promoter holding up 1.85 percentage points since Sep 2023.

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
Faze Three Employee TrustOther	BuyMarket Purchase	15,825	₹79.11 L	0.12% → 0.18%	22 Aug 20257(2)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

14 deals · 3 Sept 2021 – 4 Feb 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
4 Feb 2026	D3 STOCK VISION LLP	Bulk	NSE	Buy	2,25,393	₹525.41	₹11.84 Cr
4 Feb 2026	D3 STOCK VISION LLP	Bulk	NSE	Sell	2,21,493	₹529.44	₹11.73 Cr
4 Feb 2026	MANSI SHARE AND STOCK BROKING PRIVATE LIMITED	Bulk	NSE	Sell	1,74,293	₹529.81	₹9.23 Cr
4 Feb 2026	MANSI SHARE AND STOCK BROKING PRIVATE LIMITED	Bulk	NSE	Buy	1,49,293	₹529.69	₹7.91 Cr
11 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	1,36,313	₹530.02	₹7.22 Cr
11 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	1,36,313	₹528.83	₹7.21 Cr
17 Oct 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	1,24,320	₹510.08	₹6.34 Cr
17 Oct 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	1,24,320	₹510.08	₹6.34 Cr
29 Sept 2021	SALIM PYARALI GOVANI	Bulk	BSE	Sell	7,34,184	₹288.92	₹21.21 Cr
29 Sept 2021	ASHISH RAMESHCHANDRA KACHOLIA	Bulk	BSE	Buy	4,50,000	₹288.80	₹13.00 Cr

1–10 of 14

1 / 2

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Ajay Brijlal AnandExecutive Director-Chairperson related to Promoter-MD
Mr. Sanjay Brijlal AnandExecutive Director
Mrs. Rashmi Ajay AnandNon-Executive - Non Independent Director
Mr. James Barry LeonardNon-Executive - Independent Director
Mr. Chuji KondoNon-Executive - Independent Director
Mr. Devajyoti BhattacharyaNon-Executive - Independent Director
Mr. Vinit Arvind RathodNon-Executive - Independent Director
Ankit MadhwaniChief Financial Officer
Mr. Akram SatiCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Faze Three Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

4

Interim dividend6 Jun 2022 · ex-date₹0.5
Interim dividend12 Mar 2020 · ex-date₹0.5
Interim dividend31 May 2018 · ex-date₹0.5
Dividend dividend19 Sept 2007 · ex-date₹0.24

1

Board meeting to consider results11 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

20 announcementsExport CSV

5 Sept 2026, 6:59 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	54.3%	53.5%	56.6%	56.6%	54.5%	50.4%	47.1%
EBITDA margin %	11.1%	14.7%	15.8%	16.9%	15.3%	11.7%	8.9%
EBIT margin %	8.5%	12%	13.8%	14.3%	11.7%	8%	5.6%
PAT margin %	6%	7.7%	10.1%	10.4%	8.3%	5.9%	3.6%
Working capital
Receivable days	53	78	59	63	49	48	45
Inventory days	161	169	192	121	189	211	141
Payable days	18	32	36	24	26	43	25
NWC days	196	215	215	160	211	216	161
Leverage
Current ratio	1.94	1.73	1.57	1.64	1.65	1.42	1.26
Debt to EBITDA	1.63	1.92	1.98	1.7	1.81	2.24	3.27
Debt to equity	0.27	0.41	0.57	0.48	0.41	0.43	0.6
Interest coverage	3.5	7.2	15.3	10.9	6.6	4.6	3.2
Asset turnover	1.06	0.91	1.03	1.02	0.95	1.01	1.13
Return ratios
Return on assets %	6.4%	7%	10.5%	10.7%	7.9%	5.9%	4.1%
Return on capital employed %	13.9%	18.2%	28.9%	26.6%	19.6%	16.1%	13.1%
Return on equity %	9%	11%	18.4%	17.4%	12.2%	9.7%	7.4%

Date	Category	Subject	Filing
5 Sept 2026, 6:59 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
5 Sept 2026, 6:35 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
5 Sept 2026, 2:53 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
4 Sept 2026, 6:27 pm	AGM/EGM AGM	Proceedings Of The 41St Annual General Meeting Of The Company	PDF
1 Sept 2026, 6:06 pm	Company Update General	Submission Of First Supplemental Trust Deed Of Faze Three Employee Trust	PDF
21 Aug 2026, 5:58 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
20 Aug 2026, 3:32 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
20 Aug 2026, 3:23 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	31	9	-7	110	37	12	58
	-5	-53	-51	-44	-45	-40	-119
	-22	31	61	-6	-19	4	63
Net cash flow	4	-13	3	60	-27	-24	2
Free cash flow	21	-5	-39	55	-23	-80	-63
CFO / Operating profit %	92.5%	18.7%	-8.2%	116.6%	42.8%	15.3%	70.6%

Faze Three Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

4

1

Announcements

Not in the F&O segment

No fund holdings on record

4

1

Announcements

Annual reports

Credit ratings

Compounded sales growth

Compounded profit growth

Return on equity

Faze Three Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends4

Board meetings1

Announcements

Ratio timeline

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Dividends4

Board meetings1

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

4

1

4

1