Century Enka Ltd

Century Enka Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Century Enka Ltd

₹ 578 -0.39%
28 Jun - close price
centuryenka.com BSE: 500280 NSE: CENTENKA
About

Established in 1965, by BK Birla group and Enka International which is part of Akzo Nobel group, Century Enka is into manufacturing of industrial yarn, textile yarn & fabric such as Nylon Filament Yarrn (NFY) & Nylon Tyre Cord Fabric (NTCF). [1]

Key Points

Market leader [1]
The company has become one of the largest producers of Nylon Filament Yarn (NFY) and Nylon Tyre Cord Fabric (NTCF) in India with a share of ~23% in the domestic market in NTCF and ~25% in NFY. The company’s brand ‘Enkalon’ stands testimony to the high quality of material which gives a soft, lustrous and elegant feel to the finished fabric.

Website BSE NSE
  • Market Cap ₹ 1,263 Cr.
  • Current Price ₹ 578
  • High / Low ₹ 666 / 378
  • Stock P/E 27.5
  • Book Value ₹ 626
  • Dividend Yield 1.73 %
  • ROCE 4.70 %
  • ROE 3.41 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.92 times its book value
  • Company has been maintaining a healthy dividend payout of 27.9%

Cons

  • The company has delivered a poor sales growth of -0.53% over past five years.
  • Promoter holding is low: 24.9%
  • Company has a low return on equity of 8.06% over last 3 years.
  • Earnings include an other income of Rs.33.5 Cr.
  • Working capital days have increased from 91.6 days to 132 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Manmade

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
445 423 539 563 572 568 563 468 473 428 396 451 469
375 362 480 488 504 507 526 448 450 407 387 432 435
Operating Profit 70 61 59 76 68 61 38 21 23 21 9 18 34
OPM % 16% 14% 11% 13% 12% 11% 7% 4% 5% 5% 2% 4% 7%
4 5 7 5 5 3 5 4 7 9 12 6 7
Interest 0 0 0 0 0 0 0 0 1 1 1 2 1
Depreciation 10 9 10 10 10 10 9 10 12 11 13 13 13
Profit before tax 64 56 55 70 62 54 33 14 17 18 6 10 27
Tax % 24% 24% 25% 28% 20% 25% 22% 29% 14% 23% 30% 25% 24%
49 43 41 51 50 40 26 10 15 14 5 7 20
EPS in Rs 22.23 19.47 18.94 23.15 22.72 18.44 11.74 4.56 6.64 6.27 2.06 3.40 9.27
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,552 1,467 1,219 1,148 1,185 1,416 1,791 1,423 1,223 2,098 2,072 1,744
1,414 1,289 1,103 1,014 1,003 1,305 1,641 1,330 1,102 1,834 1,930 1,661
Operating Profit 138 178 116 135 183 112 151 93 120 264 142 83
OPM % 9% 12% 9% 12% 15% 8% 8% 7% 10% 13% 7% 5%
-5 10 7 4 5 43 17 42 14 21 19 33
Interest 29 21 17 10 6 3 3 3 2 1 2 5
Depreciation 72 71 43 41 42 42 45 46 41 40 41 50
Profit before tax 31 96 63 88 140 109 119 86 92 244 118 61
Tax % 30% 34% 42% 33% 35% 36% 36% -10% 23% 25% 23% 24%
22 63 37 59 91 70 77 96 71 184 90 46
EPS in Rs 10.02 28.80 16.74 27.05 41.63 32.08 35.05 43.72 32.46 84.28 41.39 21.00
Dividend Payout % 60% 21% 36% 28% 17% 22% 20% 18% 25% 12% 24% 48%
Compounded Sales Growth
10 Years: 2%
5 Years: -1%
3 Years: 13%
TTM: -16%
Compounded Profit Growth
10 Years: -3%
5 Years: -9%
3 Years: -11%
TTM: -46%
Stock Price CAGR
10 Years: 12%
5 Years: 21%
3 Years: 14%
1 Year: 33%
Return on Equity
10 Years: 8%
5 Years: 8%
3 Years: 8%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 22 22 22 22 22 22 22 22 22 22 22 22
Reserves 632 679 694 756 833 879 933 1,003 1,067 1,229 1,300 1,346
277 195 152 70 53 47 38 23 13 15 68 52
179 174 180 168 213 216 238 216 238 257 233 268
Total Liabilities 1,110 1,070 1,049 1,016 1,119 1,164 1,231 1,264 1,340 1,523 1,623 1,688
670 596 612 602 569 575 548 528 492 476 645 806
CWIP 3 22 12 2 6 4 2 3 2 68 106 4
Investments 3 9 9 80 98 87 168 262 302 260 344 345
433 443 416 333 447 499 513 471 545 718 528 533
Total Assets 1,110 1,070 1,049 1,016 1,119 1,164 1,231 1,264 1,340 1,523 1,623 1,688

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
130 152 128 192 61 56 122 142 109 56 219 88
-12 -32 -53 -83 -20 -8 -110 -104 -76 -41 -251 -47
-117 -119 -76 -108 -43 -28 -31 -38 -29 -17 29 -43
Net Cash Flow 1 1 -1 1 -2 20 -18 -1 4 -3 -3 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 40 47 49 50 58 53 42 39 69 42 38 41
Inventory Days 69 80 97 78 134 90 68 96 97 85 64 86
Days Payable 8 14 16 17 40 30 29 43 65 33 28 41
Cash Conversion Cycle 101 114 131 110 152 113 80 92 102 93 74 86
Working Capital Days 64 83 94 80 100 92 75 84 98 79 64 132
ROCE % 8% 12% 9% 11% 17% 9% 12% 8% 8% 20% 8%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
24.80% 24.80% 24.80% 24.80% 24.80% 24.79% 24.79% 24.79% 24.79% 24.86% 24.86% 24.86%
3.25% 4.67% 4.88% 5.26% 5.35% 4.41% 3.62% 3.35% 3.42% 3.35% 2.95% 2.91%
5.35% 5.33% 5.34% 7.97% 7.92% 6.15% 5.20% 4.74% 5.11% 5.11% 6.27% 6.27%
66.61% 65.20% 64.98% 61.97% 61.94% 64.66% 66.39% 67.11% 66.68% 66.68% 65.91% 65.96%
No. of Shareholders 47,01946,59244,66544,23743,47243,14148,37347,22146,49443,98942,42941,079

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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