Filatex Fashions Limited, incorporated in 1995, is a prominent player in the manufacturing of socks and stands as one of India's oldest companies in this sector. The company commenced operations in 1993 and was officially incorporated in 1995 with 25 socks-knitting machines equipped with the latest finishing and setting machines. Notably, it was the first in India to utilize infrared technology for sock production. Based in Hyderabad, Telangana, Filatex Fashions has established itself as a significant entity within India's textile industry, boasting an installed capacity of approximately 70 lakh pairs of socks per annum.
The company's manufacturing prowess is underpinned by state-of-the-art Italian, Korean, and Chinese technologies and infrastructure. Its socks are produced in its plant using fully computerized automatic machines, supported by advanced technology in knitting and embroidery. Filatex Fashions specializes in crafting high-quality cotton, woolen, and silk socks that meet international standards.
Filatex Fashions has cultivated a strong international reputation, having successfully operated in the European socks market for over a decade and collaborating with numerous esteemed global brands. Its clientele includes prominent market leaders such as FILA, Sergio Tacchini, Adidas, Marks & Spencer, and Walt Disney, among others.
The company markets its products through multiple brands and product lines. Through its two primary brands, Smartman and Tuscany, Filatex Fashions brings its global expertise to the Indian market. Tuscany offers a range of luxury socks crafted from high-quality luxury yarns, featuring signature hand-linked seams. Smart Man, on the other hand, provides a collection of business and casual wear socks. Made using traditional methods, this range includes multi-coloured fun socks, walking socks, bed socks, and everyday socks made from pure cotton.
Furthermore, the company has expanded its digital reach with Vogue4all.com, its online store dedicated to a global designer wear collection, featuring products that span from ethnic wear to handbags and backpacks.
For the financial year 2025 (FY25), Filatex Fashions demonstrated solid performance across key financial metrics. The company reported a Net Profit of Rs 9.41 crore with a total income of Rs 191.65 crores. This represents a growth of 7% in total income, which stood at Rs 191.65 crore in FY25 compared to Rs 179.02 crore in FY24. The consolidated revenue for FY25 reached Rs 185.80 crore.
In the fourth quarter of FY25 (Q4 FY25), the company reported a total income of Rs 72.05 crores, an increase from Rs 69.59 crores reported in Q4 FY24. For Q4 FY25, the company recorded a net profit of Rs 1.72 crores, with revenue from operations standing at Rs 66.86 crores.
Financially, the company maintains a healthy position. It is almost debt-free, with a reasonable debt-to-equity ratio of 2%, indicating a robust balance sheet. However, some challenges persist, as evidenced by a low return on equity of 0.83% over the last three years and high debtors, with an average collection period of 295 days.
Shares of Filatex Fashions Limited were listed on the NSE on May 6, 2024. As of recent data, the market capitalization is ₹ 583 Cr, although various sources report slightly different figures, with some indicating a market cap of Rs. 575.05 Cr as of July 14, 2025. The stock trades on both NSE and BSE under the symbol FILATFASH.
A significant development in Filatex's growth strategy has been its diversification into the mining sector. This strategic move includes consolidating the financials of its wholly-owned subsidiary, Filatex Mines and Minerals Private Limited, which became a subsidiary on September 13, 2023, following a strategic equity swap arrangement.
The mining subsidiary has secured substantial export orders. Its first major export order is valued at USD 35 million (Rs. 293 crore) from Bloomflora Ventures Ltd for the supply of 2,97,388 metric tonnes of White Marble over a seven-year period, intended to support infrastructure development for 54 hospitals in Africa. Additionally, Filatex Mines and Minerals Private Limited secured another significant export order worth USD 43.875 million (approximately ₹365 crore) from Societe DIMO - BTP SA.
The company's manufacturing strength is rooted in its advanced production capabilities and its provision of private label services. Filatex Fashions offers a private label service option, alongside the choice of using its own branded label for its sock factory. Beyond traditional socks manufacturing, the company is also involved in cotton product activities and the trade of textile products. It manufactures and exports hosiery and textile products, including socks, leggings, and knitwear, supplying high-quality, fashionable apparel to both domestic and international markets.
Filatex Fashions upholds high quality standards, validated by various certifications. It holds a good CRISIL rating of SEIB and qualifies for ISO 9001:2008 certification. Filatex Fashions Ltd. is an ISO certified organization (certificate number IAS/IND/8493), and its operations have been verified and validated by CRISIL.
With its strong foundation in traditional socks manufacturing, global brand partnerships, strategic diversification into mining, and unwavering commitment to quality, Filatex Fashions Limited continues to evolve as a multi-faceted textile and minerals company, reinforcing its leadership position in India's socks manufacturing industry.
