This home textile player has delivered multibagger returns of over 245% returns in a year!

The company has posted strong Q4 results.   

Faze Three Ltd, engaged in the manufacturing of home textile products like rugs, blankets, and cushions, has delivered exceptional returns for its shareholders in just a year. An investment of Rs 1 lakh in the stocks could have made Rs 3.45 lakh for you. It has emerged to be one of the best stocks in small cap category that belong to the ‘X’ group on the BSE listings.   

Ace investor and market veteran Ashish Kochalia has been invested in the company as he holds about a 4.66% stake in the company. The credit for its high growth can be given to its robust business model, as it exports directly to customers, procures almost all of its raw materials domestically, has inhouse design and delivery capabilities, and long-standing customer relationships.  

In Q4FY22, revenue grew by 42.5% YoY to Rs 155.27 crore from Rs 108.96 crore in Q4FY21. On a sequential basis, the top-line was up by 17.5%. PBIDT (Ex OI) was reported at Rs 22.64 crore, up by 48.65% as compared to the year-ago period and the corresponding margin was reported at 14.58%, expanding by 60 basis points YoY. PAT was reported at Rs 15.77 crore, up by 82.73% from Rs 8.63 crore in the same quarter of the previous fiscal year. The PAT margin stood at 10.16% in Q4FY22 expanding from 7.92% in Q4FY21.   

Faze Three Ltd. was incorporated in 1985 and it manufactures and sells home furnishing products in India and abroad as well. The company’s products include bathmats, blankets and throws, floor coverings, carpets, cushions, curtains, table and placemats, accent rugs and durries, and other collections. It also offers automotive textiles to OEMs. The company exports its products to various stores and outlets in approximately 11 countries. It has a 52-week high of Rs 413 and 52-week low of Rs 88.45.