Faze Three Ltd.

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fazethree.comBSE: 530079NSE: FAZE3Q

Market Cap₹ 1,215 Cr.

Current Price

High / Low₹ 650 / 322

Stock P/E39.9

Book Value₹ 167

Price to Book2.32

Dividend Yield0.00 %

ROCE11.9 %

ROE8.7 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Textiles

Hold

This sector relies on indirect export proxies rather than direct textile production data. Exports of goods rose 15.0% YoY (2026-06), the currency is weak at 95.23 (Sep/26), and export prices are 163.50, all of which can help exporters, though terms of trade at 102.30 are below the prior 114 in the snapshot context. FPI flows are modestly positive at INR 256 crore over 3 months to 2026-08-31, so the stance is mildly constructive but confidence is capped due to proxy reliance.

Confidence

50%

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PROS

Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 23.3% CAGR over last 5 years
Working capital cycle has improved - days down from 56 to 32

CONS

Recent results are weak - TTM profit is down 49.6% versus prior year
Total debt has risen sharply - up 49.7% year on year
Valuation is stretched - P/E of 39.9 is well above its own 5-year median (20.7)
Free cash flow has been persistently negative
Operating margins have contracted to 10.1% from 19.2%
Company has delivered a poor profit growth of 6.1% over past five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

TextilesTextileTextile

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	PAGEIND	35971.80	53.08	40122.49	1.53	192.81	-3.98	1420.45	7.89	73.60	20.35
2.	KPRMILL	1134.85	42.52	38790.76	0.44	258.54	21.55	1935.52	14.77	20.16	19.37
3.	WELSPUNLIV	207.65	70.66	19617.79	0.05	162.61	82.09	2795.45	23.66	6.41	11.53
4.	VTL	583.75	19.94	16904.05	0.86	314.56	51.46	2703.08	13.31	8.91	18.11
5.	ARVIND	581.35	38.19	15815.08	0.77	57.77	5.61	2500.96	24.65	15.30	9.64
6.	MANYAVAR	579.35	34.94	14076.94	1.34	66.90	37.31	267.95	22.74	29.45	45.53
7.	PGIL	2366.40	35.22	10930.53	0.61	99.23	51.37	1528.26	24.46	22.42	10.72
8.	ICIL	451.50	59.27	8942.15	0.33	63.22	67.28	1206.96	25.89	8.73	11.88
9.	SWANCORP	276.75	38.80	8674.92	0.05	-35.99	-233.33	1013.75	-16.44	4.50	-0.38
10.	GARFIBRES	819.05	38.07	7997.89	1.10	64.60	21.56	482.37	31.35	20.98	18.70
11.	KUSUMGAR	565.75	60.49	5939.89	0.00	426.47	—	2472.47	—	26.15	30.50
12.	FAZE3Q	494.05	39.92	1215.26	0.00	9.64	-24.51	229.39	8.22	11.88	9.32

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	129	132	138	164	149	152	178	211	212	207	227	277	229
	110	110	115	146	133	135	156	186	187	202	208	243	222
Operating Profit	19	22	23	18	16	18	22	25	25	5	19	34	8
OPM %	14.93%	16.90%	16.92%	11.21%	11.02%	11.56%	12.27%	11.66%	11.63%	2.58%	8.19%	12.26%	3.34%
	5	2	2	2	2	2	0	8	4	0	2	3	6
Interest	3	3	3	3	3	3	4	4	4	5	5	6	6
Depreciation	5	5	5	6	6	6	6	7	7	8	8	8	8
Profit before Tax	17	17	17	12	10	10	12	21	17	-7	8	23	13
Tax %	26.02%	25.90%	25.19%	24.09%	27.69%	27.18%	23.34%	18.13%	25.41%	21.80%	24.08%	15.30%	27.95%
Net Profit	0	0	0	0	7	7	9	17	13	-5	6	20	10
	5.09	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

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	240	269	302	324	504	558	565	690	923	940
	220	241	269	277	422	457	468	600	830	875
Operating Profit	19	28	34	48	82	102	97	90	93	66
OPM %	8.08%	10.43%	11.13%	14.64%	16.32%	18.19%	17.17%	13.04%	10.12%	6.97%
	11	2	4	2	7	6	8	12	10	12
Interest	8	7	9	6	8	15	22	24	30	21
Depreciation	7	5	8	9	10	14	21	25	31	32
Profit before Tax	16	18	21	35	71	78	62	53	42	38
Tax %	-8.30%	15.54%	14.35%	29.44%	28.46%	24.89%	25.40%	22.77%	20.15%	20.52%
Net Profit	17	15	18	25	51	58	47	41	34	30
EPS	6.91	6.19	7.46	10.25	21.00	23.97	19.16	16.72	13.80	—
Dividend Payout %	7.23%	0.00%	6.70%	0.00%	0.00%	2.09%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 23%
3 Years:: 18%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 6%
3 Years:: -17%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 7%
1 Year:: 7%

RETURN ON EQUITY

10 Years:: —
5 Years:: 17%
3 Years:: 12%
Last Year:: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	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	24
	147	161	177	202	254	310	356	396	428
	74	67	65	101	166	172	166	187	263
Trade Payables	7	8	7	13	22	16	19	40	33
	5	5	5	34	55	117	150	88	133
Total Liabilities	257	265	278	374	521	640	716	735	881
	113	121	137	141	161	216	252	306	359
Capital Work in Progress	1	0	1	1	4	4	7	9	12
	0	0	0	0	10	12	14	11	18
	72	67	61	70	115	80	133	198	188
	0	0	0	0	0	0	75	91	115
Cash & Bank	2	17	16	42	56	104	68	9	13
	67	60	64	120	174	222	166	113	177
Total Assets	257	265	278	374	521	640	716	735	881

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-6	40	36	15	7	128	37	12	58
Cash from Investing	-4	-15	-5	-53	-51	-44	-45	-40	-119
Cash from Financing	18	-13	-22	31	61	-6	-19	4	63
	0	9	4	-13	3	60	-27	-24	2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	56.16	56.16	57.95	57.95	57.95	57.95	57.95	58.01	58.01
	0.02	0.00	0.00	0.02	0.10	0.01	0.00	0.14	0.00
	0.47	0.29	0.26	0.26	1.13	0.97	0.78	0.77	0.77
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	43.35	43.55	41.79	41.77	40.82	41.07	41.27	41.08	41.22

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-05

Change in Director(s)

2026-09-05 - Faze Three Limited has informed the Exchange regarding Change in Director(s) of the company.

2026-09-05

Shareholders meeting

2026-09-05 - FAZE3Q: Faze Three Limited has informed the Exchange regarding voting results of 41st Annual General Meeting held on September 04, 2026.

2026-09-05

Shareholders meeting

2026-09-05 - Faze Three Limited has submitted the Exchange a copy of consolidated Scrutinizer's Report on remote e-voting and e-voting conducted for its 41st Annual General Meeting

2026-09-04

General Updates

2026-09-04 - Faze Three Limited has informed the Exchange about proceedings of 41st AGM of the Company

2026-09-01

Updates

2026-09-01 - Faze Three Limited has informed the Exchange regarding 'Submission of First Supplemental Trust Deed of Faze Three Employee Trust pursuant to Regulation 3(3) of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021'.

2026-08-21

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-21 - Faze Three Limited has informed the Exchange about Schedule of Analyst / Institutional Investor Meetings

2026-08-20

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-20 - Faze Three Limited has informed the Exchange about Schedule of Analyst / Institutional Investor Meetings

2026-08-20

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-20 - Faze Three Limited has informed the Exchange about Schedule of Analyst / Institutional Investor Meetings

2026-08-14

Copy of Newspaper Publication

2026-08-14 - Faze Three Limited has informed the Exchange about Copy of Newspaper Publication published today, August 14, 2026