Century Enka Ltd

Century Enka Ltd

₹ 607 -2.82%
21 Nov 4:00 p.m.
About

CEL manufactures industrial and textile yarn and fabric such as NTCF and NFY. CEL is part of the Aditya Birla Group. The NTCF is used as a reinforcement material in bias/cross ply tyres that are primarily used in trucks, buses, 2/3-wheelers, and off-the-road (OTR) vehicles used in mining, forestry, farming and heavy earthmoving. NFY is mainly used in sarees, dupattas, dress material and ethnic dresses.[1]

Key Points

Background
The company was set up in 1965 by the BK Birla group and Enka International (part of the Netherlands-based Akzo Nobel group).

  • Market Cap 1,324 Cr.
  • Current Price 607
  • High / Low 865 / 378
  • Stock P/E 18.0
  • Book Value 641
  • Dividend Yield 1.65 %
  • ROCE 3.61 %
  • ROE 2.56 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.95 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 7.76% over last 3 years.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
539 563 572 568 563 468 473 428 396 451 469 528 536
480 488 504 507 526 448 450 407 387 432 435 487 498
Operating Profit 59 76 68 61 38 21 23 21 9 18 34 41 38
OPM % 11% 13% 12% 11% 7% 4% 5% 5% 2% 4% 7% 8% 7%
7 5 5 3 5 4 7 9 12 6 7 7 7
Interest 0 0 0 0 0 0 1 1 1 2 1 1 1
Depreciation 10 10 10 10 9 10 12 11 13 13 13 13 14
Profit before tax 55 70 62 54 33 14 17 18 6 10 27 34 30
Tax % 25% 28% 20% 25% 22% 29% 14% 23% 30% 25% 24% 29% 28%
41 51 50 40 26 10 15 14 5 7 20 24 22
EPS in Rs 18.94 23.15 22.72 18.44 11.74 4.56 6.64 6.27 2.06 3.40 9.27 11.12 9.87
Raw PDF

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 TTM
1,552 1,467 1,219 1,148 1,185 1,416 1,791 1,423 1,223 2,098 2,072 1,744 1,984
1,414 1,289 1,103 1,014 1,003 1,305 1,641 1,330 1,102 1,834 1,930 1,661 1,853
Operating Profit 138 178 116 135 183 112 151 93 120 264 142 83 131
OPM % 9% 12% 9% 12% 15% 8% 8% 7% 10% 13% 7% 5% 7%
-5 10 7 4 5 43 17 42 14 21 19 33 28
Interest 29 21 17 10 6 3 3 3 2 1 2 5 5
Depreciation 72 71 43 41 42 42 45 46 41 40 41 50 53
Profit before tax 31 96 63 88 140 109 119 86 92 244 118 61 101
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 74
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 33.66
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: 12%
Compounded Profit Growth
10 Years: -6%
5 Years: -14%
3 Years: -19%
TTM: 72%
Stock Price CAGR
10 Years: 14%
5 Years: 28%
3 Years: 15%
1 Year: 46%
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 Sep 2024
Equity Capital 22 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 1,379
277 195 152 70 53 47 38 23 13 15 68 52 52
179 174 180 168 213 216 238 216 238 257 233 268 421
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 1,874
670 596 612 602 569 575 548 528 492 476 645 806 786
CWIP 3 22 12 2 6 4 2 3 2 68 106 4 15
Investments 3 9 9 80 98 87 168 262 302 260 344 345 409
433 443 416 333 447 499 513 471 545 718 528 533 664
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 1,874

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 75
ROCE % 8% 12% 9% 11% 17% 9% 12% 8% 8% 20% 8% 4%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
24.80% 24.80% 24.80% 24.79% 24.79% 24.79% 24.79% 24.86% 24.86% 24.86% 24.86% 24.86%
4.88% 5.26% 5.35% 4.41% 3.62% 3.35% 3.42% 3.35% 2.95% 2.91% 3.44% 3.44%
5.34% 7.97% 7.92% 6.15% 5.20% 4.74% 5.11% 5.11% 6.27% 6.27% 9.62% 9.37%
64.98% 61.97% 61.94% 64.66% 66.39% 67.11% 66.68% 66.68% 65.91% 65.95% 62.10% 62.33%
No. of Shareholders 44,66544,23743,47243,14148,37347,22146,49443,98942,42941,07938,05938,734

* 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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Documents

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