---
title: "Faze Three Autofab Ltd (321) — Share Price, Financials & Analysis"
symbol: "321"
company: "Faze Three Autofab Ltd"
canonical: "https://tapetide.com/stocks/321"
sector: "Consumer Discretionary"
industry: "Textiles & Apparels"
generated_at: "2026-09-13T18:57:09.227Z"
---

# Faze Three Autofab Ltd (321)

Canonical page: https://tapetide.com/stocks/321

## Company

- **Sector:** Consumer Discretionary
- **Industry:** Textiles & Apparels
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** aundeindia.com

## About

Incorporated in 1997, Faze Three Autofab Ltd does manufacturing of technical textiles for automotive[1]

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 6.34% over past five years.
- Company might be capitalizing the interest cost
- Working capital days have increased from 38.9 days to 62.1 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -79% | -21% | 18% |
| revenue growth | -18% | 1% | 6% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 42.81 | 40.48 | 32.43 | 38.58 | 41.7 | 83.32 | 50.09 | 39.34 | 38.93 | 40.11 | 42.86 | 54.01 |
| Expenses | 36.03 | 33.75 | 27.11 | 31.76 | 34.22 | 78.77 | 44.9 | 35.27 | 35.46 | 37.9 | 39.86 | 51.44 |
| Operating Profit | 6.78 | 6.73 | 5.32 | 6.82 | 7.48 | 4.55 | 5.19 | 4.07 | 3.47 | 2.21 | 3 | 2.57 |
| OPM % | 15.84 | 16.63 | 16.4 | 17.68 | 17.94 | 5.46 | 10.36 | 10.35 | 8.91 | 5.51 | 7 | 4.76 |
| Other Income | 0.2 | 0.02 | 0.21 | 0.06 | 0 | 0.25 | 0.11 | 0.2 | 0.19 | 0.18 | 0.35 | 0.6 |
| Interest | 1.18 | 0.88 | 0.96 | 1.04 | 1.13 | 1.05 | 0.88 | 0.71 | 0.91 | 0.89 | 0.79 | 0.94 |
| Depreciation | 1.3 | 1.31 | 1.02 | 1.6 | 1.4 | 1.4 | 1.28 | 1.3 | 1.31 | 1.37 | 1.7 | 1.71 |
| Profit before tax | 4.5 | 4.56 | 3.55 | 4.24 | 4.95 | 2.35 | 3.14 | 2.26 | 1.44 | 0.13 | 0.86 | 0.52 |
| Tax % | 33.33 | 32.89 | 12.39 | 14.39 | 22.42 | -0.85 | 27.71 | 53.98 | 56.94 | -261.54 | 33.72 | 34.62 |
| Net Profit | 3 | 3.06 | 3.11 | 3.63 | 3.84 | 2.37 | 2.27 | 1.04 | 0.62 | 0.47 | 0.57 | 0.34 |
| EPS in Rs | 2.8 | 2.85 | 2.9 | 3.39 | 3.58 | 2.21 | 2.12 | 0.97 | 0.58 | 0.44 | 0.53 | 0.32 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 9m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 78 | 123 | 120 | 124 | 139 | 161 | 133 | 192 | 168 | 176 |
| Expenses | 77 | 116 | 109 | 133 | 143 | 144 | 110 | 168 | 153 | 165 |
| Operating Profit | 1 | 6 | 11 | -10 | -4 | 17 | 23 | 24 | 15 | 11 |
| OPM % | 1.2 | 5 | 9 | -8 | -3.2 | 10 | 17 | 13 | 9 | 6 |
| Other Income | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Interest | 6 | 1 | 5 | 4 | 5 | 5 | 4 | 4 | 3 | 4 |
| Depreciation | 3 | 5 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 6 |
| Profit before tax | -7 | 2 | 2 | -18 | -14 | 8 | 14 | 15 | 7 | 3 |
| Tax % | -34 | -10 | -48 | 0 | -17 | -7 | 21 | 14 | 37 | — |
| Net Profit | -5 | 2 | 3 | -18 | -11 | 9 | 11 | 13 | 4 | 2 |
| EPS in Rs | -4.49 | 1.59 | 2.44 | -17.04 | -10.56 | 8.41 | 10.36 | 12.08 | 4.1 | 1.87 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 21 | 22 | 25 | 6 | -5 | 15 | 26 | 39 | 43 | 44 |
| Borrowings | 68 | 70 | 65 | 71 | 72 | 57 | 62 | 69 | 52 | 48 |
| Other Liabilities | 42 | 29 | 21 | 11 | 27 | 32 | 22 | 15 | 13 | 26 |
| Total Liabilities | 142 | 132 | 121 | 99 | 105 | 114 | 121 | 134 | 119 | 128 |
| Fixed Assets | 53 | 52 | 50 | 46 | 48 | 52 | 49 | 47 | 46 | 44 |
| CWIP | 3 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 86 | 80 | 71 | 51 | 57 | 61 | 71 | 86 | 73 | 83 |
| Total Assets | 142 | 132 | 121 | 99 | 105 | 114 | 121 | 134 | 119 | 128 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 10 | -2 | 10 | 0 | 9 | 19 | 3 | 5 | 13 |
| Cash from Investing Activity | 0 | -1 | -1 | -2 | -1 | -5 | -9 | -2 | -3 | -4 |
| Cash from Financing Activity | 0 | -7 | 2 | -9 | 0 | -4 | -10 | -1 | 6 | -17 |
| Net Cash Flow | 0 | 2 | -2 | 0 | -1 | 0 | 0 | 0 | 8 | -8 |
| Free Cash Flow | 0 | 9 | -3 | 8 | -1 | 4 | 10 | 1 | 2 | 9 |
| CFO/OP | 0 | 1141 | -23 | 90 | -3 | -199 | 114 | 6 | 31 | 103 |

### Ratios

| Item | Jun 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 82 | 125 | 100 | 102 | 96 | 92 | 92 | 132 | 90 | 88 |
| Inventory Days | 188 | 313 | 168 | 140 | 67 | 70 | 76 | 120 | 89 | 101 |
| Days Payable | 97 | 172 | 94 | 74 | 30 | 59 | 76 | 96 | 36 | 25 |
| Cash Conversion Cycle | 173 | 265 | 174 | 168 | 133 | 104 | 92 | 156 | 144 | 164 |
| Working Capital Days | 46 | 43 | 81 | 90 | 38 | 15 | 22 | 27 | 28 | 62 |
| ROCE % | 7 | -1 | 2 | 7 | -15 | -11 | 16 | 20 | 18 | 9 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.74% | 74.74% | 74.74% | 74.74% | 74.92% | 74.92% | 74.92% | 90.97% |
| Public | 25.26% | 25.26% | 25.26% | 25.26% | 25.07% | 25.07% | 25.07% | 9.03% |
| No. of Shareholders | 1883 | 1935 | 1889 | 1846 | 1998 | 3165 | 3099 | 2787 |

### Quarterly

| Category | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.74% | 74.92% | 74.92% | 74.92% | 74.92% | 74.92% | 74.92% | 74.92% | 74.92% | 74.92% | 74.92% | 90.97% |
| Public | 25.26% | 25.07% | 25.07% | 25.07% | 25.07% | 25.07% | 25.07% | 25.07% | 25.06% | 25.07% | 25.06% | 9.03% |
| No. of Shareholders | 1909 | 1998 | 2355 | 2958 | 2990 | 3165 | 3241 | 3171 | 3099 | 3099 | 3091 | 2787 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 4 / 9 / 6

### Moving Averages — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 478.29 | Sell |
| EMA (10) | 472.72 | Sell |
| SMA (20) | 480.47 | Sell |
| EMA (20) | 472.97 | Sell |
| SMA (50) | 455.8 | Buy |
| EMA (50) | 448.44 | Buy |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 46.21 | Neutral |
| MACD (12,26,9) | 3.79 | Sell |
| Stochastic (14,3,3) | 24.29 | Neutral |
| ADX (14) | 30.01 | Buy |
| Williams %R (14) | -65.94 | Neutral |
| ATR (14) | 19.68 | High Volatility |
| ROC (12) | -3.23 | Sell |
| Stoch RSI (14) | 16.96 | Buy |
| UO (7,14,28) | 41.59 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=171fec73-1361-4c69-8200-8a64f0552a0e.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532459/74791532459.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532459/69188532459.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532459/66515532459_08_09_20.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532459/5324590319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532459/5324590318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532459/5324590317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/532459/5324590316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/532459/5324590315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/532459/5324590614.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:57:09.227Z.