Faze Three Ltd

Faze Three Ltd (530079)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-8.39 %
3 Month Return0.68 %
1 Year Return-2.92 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 132
Rank 87
Rank 204
Dividend Yield
Rank 185
Rank 183
Price To Book Ratio
Rank 241
Debt To Asset
Rank 387

Company Information

Faze Three Exports FTEL was incorporated as a private limited company in Jan.85 and became a deemed public limited company in Jan.94. It was converted into a fullfledged public limited company in May 94. Ajay Anand who promoted the company in 1984 is the chairman and managing director of FTEL. In Feb.95 FTEL came out with a Rs 12.66cr public issue premium: Rs 110 to partfinance the proposed EOU to manufacture furnishing fabric etc at a project cost of Rs 15.7 cr. The company manufactures and exports cotton handlooms furnishing fabric and madeups at its unit in Haryana. Its products include dhurries cushions furnishings carpets etc. FTEL exports to Japan Taiwan Hong Kong Germany the US etc. The company took over ARR Products on 31 Mar.94. FTEL was the recipient of gold medals for its export performance in 199192 and 199293.In 199596 the business was adversely affected due to an earthquake in Japan which constituted a major part of exports. The construction work at the new project site at Silvassa was completed. New machineries were installed for manufacturing bathmats a new product item. The company is taking up new projects as part of its expansion and diversification plans into the field of home furnishing and other interior furnishing related products. The company has drawn an expansion plan for silvassa alongwith their joint venture partners Achter Ebels Germany which are pioneers in field of automotive fabrics.During 199899 the company hived of Dadra UT manufacturing unit and to acquired controlling stake in V R Woodart Limited formerly known as Veera Treatwood Limited. V R Woodart Ltd is 100 EOU engaged in Mfg Exporting of Rubber wood furniture. In 19992000 the Autofab division of the company has been hived off to the Joint Venture Company Aunde Faze Three Autofab Ltd. During March 2003 the name of the company was changed to Faze Three Limited. The Commercial production at Dapada Factory was commenced in April 2002 and the expansion and modernization of the Dyeing unit at Panipat was also completed.In the year 2003 the name of the company was changed to Faze Three Limited.
OrganisationFaze Three Ltd