1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Apparel - Manufacturers
Faze Three Limited

Faze Three Limited

FAZE3Q.NS
Faze Three LimitedIN flagNational Stock Exchange of India
536.10
INR
-13.80
- -
13.01BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
177.55
167.03
180.76
133.13
92.4
102.5
114.64
125.99
196.24
218.33
221.63
283.71
- -
379.93
Basic EPS, GAAP
-1.26
-3.53
1.26
24.12
7.07
6.19
7.46
10.25
21
23.97
19.16
16.72
- -
13.82
Free Cash Flow per Basic Share
-1.54
21.33
15.76
-13.36
-9.72
11.28
8.47
-2.15
-16.11
22.75
-9.55
-33.04
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
0.6
0.6
- -
- -
0.5
- -
- -
- -
- -
Book Value per Share
-61.5
-64.97
-63.71
-16.73
-3.93
2.11
9.46
19.67
41.19
64.26
83.26
10
- -
10.01
Tangible Book Value per Share
-28.76
-32.26
-31
58.22
72.41
76.15
82.83
92.98
114.43
137.57
156.46
172.65
- -
185.8
Basic Weighted Avg Shares
12
12
12
16
24
24
24
24
24
24
24
24
- -
24
Sales/Revenue/Turnover
2,162
2,036
2,203
2,168
2,199
2,493
2,788
3,064
4,772
5,310
5,389
6,899
9,231
9,231
Operating Margin (%)
12.48
8.01
9.88
8.16
5.84
11.03
9.31
13.04
15.55
16.81
12.23
31.72
30.39
18.57
Depreciation Expense
49
49
142
70
67
54
80
90
103
145
206
250
307
307
Net Income, GAAP
-15
-43
15
393
168
150
181
249
511
583
466
407
336
336
Effective Tax Rate (%)
- -
- -
- -
- -
- -
15.54
14.35
29.44
28.46
24.89
25.4
22.77
20.15
20.15
Profit Margin (%)
-0.71
-2.11
0.69
18.12
7.65
6.04
6.51
8.14
10.7
10.98
8.65
5.89
3.64
3.64
Working Capital
-773
-881
-824
446
518
589
663
876
1,110
1,230
1,269
1,061
815
815
LT Debt
58
6
- -
33
8
27
117
93
80
109
92
66
402
402
Total Equity
-350
-393
-378
948
1,723
1,852
2,014
2,261
2,783
3,346
3,806
4,200
4,523
4,523
Return on Invested Capital (%)
- -
- -
17.73
- -
- -
9.31
8.56
9.45
13.7
14.04
9.26
29.01
33.38
20.4
Return on Capital (%)
- -
- -
15.21
- -
- -
28.56
29.15
22.23
26.15
21.49
15.66
17.62
19.01
19.01
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
128.97
70.37
69.02
45.47
25.97
35.86
138.03
138.03

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
2,299
- -
2,353
LT Borrowings
- -
- -
397
LT Finance Leases
40
- -
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
24
- -
24
Market Capitalization
11,747
10,092
9,183

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
3,703
- -
3,951
Cash, Cash Equivalents & STI
284
- -
309
Accounts Receivable, Net
803
- -
1,146
Inventories
2,142
- -
1,883
Total Current Liabilities
3,147
- -
3,136
Payables & Accruals
- -
- -
- -
ST Debt
2,299
- -
2,353
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-16.56%
15.02%
7.69%
Free Cash Flow
-8.75%
97.69%
-21.72%
Net Income, GAAP
252.69%
13.75%
-17.44%
Sales/Revenue/Turnover
16.53%
26.07%
33.79%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,294
1,325
1,383
1,387
5,389
2025
1,491
1,521
1,782
2,106
6,899
2026
2,120
2,070
2,269
2,772
9,231

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5.09
5.18
5.23
- -
19.16
2025
2.99
2.92
3.65
7.17
16.72
2026
5.25
-2.14
2.64
8.06
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Ajay Anand
Full Time Employees
2,246
Sector
Consumer Cyclical
Industry
Apparel - Manufacturers
Address
63/64, Mittal Court Mumbai India 400021
IPO Date
Nov 18, 2022
Website
fazethree.com
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Business
Faze Three Limited Faze Three Ltd manufactures and exports home textiles, automotive fabrics, and outdoor textile products from its headquarters in Mumbai, India, where it was founded in 1985; the company operates eight manufacturing facilities across Dadra and Nagar Haveli, Vapi in Gujarat, Aurangabad in Maharashtra, and Panipat in Haryana, serving major retailers including Walmart, Costco, Target, and Sainsbury's in over 26 countries with primary markets in the United States, United Kingdom, Europe, Canada, and Australia. Its core offerings encompass bathmats, bath rugs, blankets, throws, cushions, durries, carpets, chairpads, bed spreads, patio mats, kitchen textiles such as aprons, mittens, pot holders, placemats, and towels, automotive seat covers and fabrics, waterproof dog beds, pet collars, outdoor furniture covers, awning fabrics, canopies, lounge cushions, and fade-resistant water-repellent cushions; the company also provides advanced processing through in-house internationally certified units and operates subsidiaries Faze Three USA LLC for U.S. market testing and Mats and More Private Limited for patio mats manufacturing. Recent developments include over Rs 250-277 crore in capex since FY19 funded by internal accruals for capacity expansions, automation, de-bottlenecking, and new product lines such as bathmats, with ongoing Handloom Home Textiles division growth at Panipat targeting 3x capacity, geographic diversification into Canada and Australia, and sustained revenue growth of around 13-40% YoY through new customer additions and product category expansions as of FY25 and Q1-Q2 FY26.