Faze Three Ltd
About
Faze Three Limited is a leading Indian manufacturer and exporter of home textile products, known for its strong global footprint and commitment to quality. Established in 1985, the company specialises in a wide range of soft home furnishings, including bathmats, area rugs, blankets, throws, cushions, and other decorative textiles. With state-of-the-art manufacturing facilities in India, Faze Three caters to major international markets, particularly in North America and Europe, and supplies to some of the world’s largest retailers and home décor brands. The company has built a reputation for innovative designs, sustainable manufacturing practices, and consistent product quality. Faze Three integrates advanced weaving, dyeing, and finishing technologies to offer high-value products across multiple price points. Over the years, the company has diversified its product portfolio and expanded its customer base, positioning itself as a trusted partner in the global home textiles industry. Its focus on design, efficiency, and export-driven growth continues to fuel its expansion.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 602 12.10% | 537 -0.55% | 540 60.89% | 336 11.60% | 301 11.93% | 269 5.95% | 254 -1.04% | 256 2.22% | 251 9.40% | 229 2.71% | 223 11.30% | 201 3.61% | 194 19.55% | 162 11.26% | 145 -2.66% | 149 - |
| Net Operating Income (INR Cr) | 565 1.14% | 558 10.65% | 504 55.52% | 324 7.35% | 302 12.52% | 269 12.02% | 240 -1.66% | 244 0.93% | 242 10.99% | 218 -5.67% | 231 22.18% | 189 0.75% | 187 31.58% | 142 16.94% | 122 -12.08% | 139 - |
| Profit (INR Cr) | 47 -20.09% | 58 14.13% | 51 104.89% | 25 37.43% | 18 20.53% | 15 -10.58% | 17 -55.55% | 38 2,374.51% | 2 - | -4 - | -2 - | -22 - | -69 - | 0 -94.19% | 4 - | -19 - |
| Assets (INR Cr) | 553 8.18% | 511 14.29% | 447 35.22% | 331 22.70% | 269 6.20% | 254 2.75% | 247 19.20% | 207 579.88% | 30 -29.31% | 43 -32.83% | 64 12.58% | 57 -12.32% | 65 -66.87% | 196 7.92% | 182 0.97% | 180 - |
| Net Worth (INR Cr) | 325 16.59% | 278 25.44% | 222 29.70% | 171 16.97% | 146 12.60% | 130 11.51% | 117 0.00% | 96 -354.22% | -38 -3.87% | -39 12.28% | -35 4.57% | -33 179.70% | -12 -121.15% | 57 0.44% | 56 12.23% | 50 -27.54% |
| Employee Cost (INR Cr) | 82 18.23% | 69 6.20% | 65 27.10% | 51 -1.86% | 52 22.62% | 43 8.95% | 39 13.69% | 34 12.56% | 31 27.22% | 24 14.87% | 21 19.07% | 18 -4.67% | 18 23.28% | 15 22.54% | 12 4.81% | 12 - |
| Interest Cost (INR Cr) | 21 | 15 | 7 | 5 | 8 | 6 | 7 | 7 | 13 | 14 | 14 | 14 | 23 | 9 | 12 | 13 |
| Cash & Bank Balance (INR Cr) | 68 | 104 | 56 | 42 | 16 | 17 | 2 | 2 | 2 | 1 | 1 | 6 | 5 | 2 | 3 | 1 |
| Total Debt (INR Cr) | 169 | 174 | 166 | 103 | 66 | 67 | 73 | 51 | 59 | 68 | 81 | 73 | 75 | 139 | 125 | 128 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 7.74% | 10.85% | 9.46% | 7.43% | 6.03% | 5.60% | 6.64% | 14.77% | 0.61% | -1.88% | -0.69% | -10.73% | -35.43% | 0.15% | 2.96% | -12.73% |
| Profit As % Of Assets | 8.43% | 11.41% | 11.43% | 7.54% | 6.73% | 5.93% | 6.82% | 18.28% | 5.02% | -9.98% | -2.39% | -37.75% | -105.49% | 0.13% | 2.37% | -10.57% |
| Profit As % Of Networth | 14.36% | 20.94% | 23.02% | 14.57% | 12.40% | 11.58% | 14.45% | 39.41% | -4.05% | 10.94% | 4.37% | 64.25% | 572.77% | 0.44% | 7.63% | -38.02% |
| Interest Cost to EBITDA % | 22.35% | 14.82% | 9.40% | 11.96% | 25.60% | 24.10% | 40.11% | 41.36% | 49.10% | 113.53% | 64.31% | -219.40% | -53.73% | 173.37% | 309.23% | -88.66% |
| Debt to Equity Ratio | 0.57 | 0.68 | 0.69 | 0.53 | 0.48 | 0.57 | 0.64 | 1.91 | 0.00 | 0.00 | 0.00 | 0.00 | 4.81 | 2.34 | 2.38 | 2.03 |
| RONW | 15.45% | 23.31% | 25.99% | 15.64% | 12.23% | 10.04% | 11.18% | 38.08% | 24.02% | 0.00% | 0.00% | 0.00% | 0.00% | 1.22% | 2.70% | -31.95% |
| ROCE | 17.69% | 21.93% | 23.76% | 16.70% | 13.76% | 11.09% | 10.34% | 21.85% | 18.98% | 0.00% | 0.00% | 0.00% | 0.00% | 5.53% | 7.50% | -2.85% |