FAZE3Q

Faze Three Limited

Textile and apparel company producing fabrics and garments

Consumer Discretionary›Textiles›Textiles & Apparels›Other Textile Products

fazethree.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹417.80
Market cap
1,017 Cr
Stock P/E
33.4
P/B
2.25
Dividend yield
0.1%
ROE (FY26)
7.4%
ROCE (FY26)
8.5%
Operating margin (FY26)
5.6%
Debt / equity (FY26)
0.60
OCF / EBITDA (FY26)
70.6%
OCF / EBITDA (3Y)
43.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Faze Three makes home and technical textiles such as bathmats, rugs, throws, blankets, curtains and cushions, and sells them directly to large retailers in the US, UK and Europe.

Company snapshot

27thBy market cap

Ranked among 100 companies in Other Textile Products.

What we see

Concerns
  • ✗Only 43% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales132 Cr138 Cr164 Cr149 Cr152 Cr178 Cr211 Cr212 Cr207 Cr227 Cr277 Cr229 Cr
Operating expenses (approx.)110 Cr115 Cr146 Cr133 Cr135 Cr156 Cr186 Cr187 Cr202 Cr208 Cr243 Cr208 Cr
EBITDA22 Cr23 Cr18 Cr16 Cr18 Cr22 Cr25 Cr25 Cr5 Cr19 Cr34 Cr21 Cr
OPM %16.9%16.9%11.2%11.0%11.6%12.3%11.7%11.6%2.6%8.2%12.3%9.3%
Other income2 Cr2 Cr2 Cr2 Cr2 Cr0.05 Cr8 Cr4 Cr0.24 Cr2 Cr3 Cr6 Cr
Interest3 Cr3 Cr3 Cr3 Cr3 Cr4 Cr4 Cr4 Cr5 Cr5 Cr6 Cr6 Cr
Depreciation5 Cr5 Cr6 Cr6 Cr6 Cr6 Cr7 Cr7 Cr8 Cr8 Cr8 Cr8 Cr
Profit before tax17 Cr17 Cr12 Cr10 Cr10 Cr12 Cr21 Cr17 Cr-7 Cr8 Cr23 Cr13 Cr
Tax %25.9%25.2%24.1%27.7%27.2%23.3%18.1%25.4%21.8%24.1%15.3%28.0%
Net profit13 Cr13 Cr9 Cr7 Cr7 Cr9 Cr17 Cr13 Cr-5 Cr6 Cr20 Cr10 Cr
EPS (₹)₹5.18₹5.23₹3.67₹2.99₹2.92₹3.65₹7.17₹5.25₹-2.14₹2.64₹8.06₹3.96

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales240 Cr269 Cr302 Cr325 Cr504 Cr558 Cr565 Cr690 Cr923 CrSign in free for the trailing twelve months
Operating expenses (approx.)221 Cr241 Cr269 Cr277 Cr425 Cr464 Cr478 Cr610 Cr841 CrSign in free for the trailing twelve months
EBITDA19 Cr28 Cr34 Cr48 Cr80 Cr94 Cr87 Cr80 Cr83 CrSign in free for the trailing twelve months
OPM %8.1%10.4%11.1%14.7%15.8%16.9%15.3%11.7%8.9%Sign in free for the trailing twelve months
Other income11 Cr2 Cr4 Cr2 Cr7 Cr6 Cr8 Cr12 Cr10 CrSign in free for the trailing twelve months
Interest8 Cr7 Cr9 Cr6 Cr5 Cr8 Cr11 Cr15 Cr19 CrSign in free for the trailing twelve months
Depreciation7 Cr5 Cr8 Cr9 Cr10 Cr14 Cr21 Cr25 Cr31 CrSign in free for the trailing twelve months
Profit before tax16 Cr18 Cr21 Cr35 Cr71 Cr78 Cr62 Cr53 Cr42 CrSign in free for the trailing twelve months
Tax %-8.3%15.5%14.4%29.4%28.5%24.9%25.4%22.8%20.1%Sign in free for the trailing twelve months
Net profit17 Cr15 Cr18 Cr25 Cr51 Cr58 Cr47 Cr41 Cr34 CrSign in free for the trailing twelve months
EPS (₹)₹7.00₹6.19₹7.46₹10.25₹21.00₹23.97₹19.16₹16.72₹13.80Sign in free for the trailing twelve months
Dividend payout %———0.0%0.0%2.1%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital25 Cr24 Cr24 Cr24 Cr24 Cr24 Cr24 Cr24 Cr24 Cr
Reserves147 Cr161 Cr177 Cr202 Cr254 Cr310 Cr356 Cr396 Cr428 Cr
Borrowings74 Cr67 Cr55 Cr92 Cr158 Cr161 Cr157 Cr180 Cr270 Cr
Other liabilities15 Cr18 Cr29 Cr39 Cr51 Cr51 Cr56 Cr86 Cr97 Cr
Total liabilities261 Cr270 Cr285 Cr357 Cr488 Cr546 Cr593 Cr686 Cr819 Cr
Fixed assets (net)113 Cr121 Cr125 Cr131 Cr161 Cr216 Cr252 Cr305 Cr358 Cr
CWIP1 Cr0.39 Cr0.76 Cr1 Cr4 Cr4 Cr7 Cr9 Cr12 Cr
Investments0.40 Cr0.21 Cr0.21 Cr0.21 Cr10 Cr12 Cr14 Cr11 Cr18 Cr
Inventories72 Cr67 Cr61 Cr70 Cr115 Cr80 Cr133 Cr198 Cr188 Cr
Trade receivables40 Cr45 Cr44 Cr70 Cr82 Cr96 Cr75 Cr91 Cr115 Cr
Cash & bank2 Cr11 Cr15 Cr2 Cr6 Cr62 Cr36 Cr9 Cr13 Cr
Other assets32 Cr26 Cr39 Cr82 Cr110 Cr75 Cr77 Cr64 Cr115 Cr
Total assets261 Cr270 Cr285 Cr357 Cr488 Cr546 Cr593 Cr686 Cr819 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-16 Cr37 Cr31 Cr9 Cr-7 Cr110 Cr37 Cr12 Cr58 Cr
Cash from investing-2 Cr-15 Cr-5 Cr-53 Cr-51 Cr-44 Cr-45 Cr-40 Cr-119 Cr
Cash from financing18 Cr-13 Cr-22 Cr31 Cr61 Cr-6 Cr-19 Cr4 Cr63 Cr
Net cash flow0.45 Cr9 Cr4 Cr-13 Cr3 Cr60 Cr-26 Cr-27 Cr4 Cr
Free cash flow (OCF − Capex)-25 Cr27 Cr21 Cr-5 Cr-39 Cr55 Cr-23 Cr-80 Cr-63 Cr

Ratios

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %9.5%9.7%11.6%12.9%17.5%17.3%13.7%11.2%8.5%
ROE %9.8%8.1%9.0%11.0%18.4%17.4%12.2%9.7%7.4%
Debtor days616153785963494845
Inventory days226205167159169136169191143
Days payable212619303227243925
Cash conversion cycle266241202207196172194200163
OCF / EBITDA %-81.6%133.1%92.5%18.7%-8.2%116.6%42.8%15.3%70.6%
OCF / EBITDA % (3 years)——64.9%70.7%20.8%50.7%53.9%61.0%43.1%
Debt / equity0.430.360.270.410.570.480.410.430.60
Current ratio1.591.741.941.731.571.641.651.421.26
Net debt / EBITDA3.691.991.171.871.911.051.402.133.11