Century Enka Ltd

Century Enka Ltd

₹ 610 -2.18%
21 Nov - close price
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 1,330 Cr.
  • Current Price 610
  • High / Low 865 / 378
  • Stock P/E 18.8
  • Book Value 640
  • Dividend Yield 1.64 %
  • ROCE 3.40 %
  • ROE 2.34 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.95 times its book value

Cons

  • Promoter holding is low: 24.9%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
568 563 468 473 428 396 451 469 528 536
507 526 448 450 407 387 435 435 487 499
Operating Profit 61 38 21 23 21 9 16 34 41 38
OPM % 11% 7% 4% 5% 5% 2% 3% 7% 8% 7%
3 5 4 7 9 12 6 7 7 7
Interest 0 0 0 1 1 1 2 1 1 1
Depreciation 10 9 10 12 11 13 13 13 13 14
Profit before tax 54 33 14 17 18 6 7 27 34 30
Tax % 25% 22% 29% 14% 23% 31% 34% 24% 29% 28%
40 26 10 14 14 4 5 20 24 21
EPS in Rs 18.44 11.70 4.56 6.63 6.19 1.96 2.14 9.28 11.13 9.79
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 TTM
2,072 1,744 1,984
1,930 1,664 1,855
Operating Profit 142 80 128
OPM % 7% 5% 6%
19 33 28
Interest 2 5 5
Depreciation 41 50 53
Profit before tax 118 58 98
Tax % 23% 26%
90 43 71
EPS in Rs 41.34 19.56 32.34
Dividend Payout % 24% 51%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 12%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 67%
Stock Price CAGR
10 Years: 14%
5 Years: 28%
3 Years: 15%
1 Year: 46%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Sep 2024
Equity Capital 22 22 22
Reserves 1,300 1,343 1,376
68 52 52
233 268 421
Total Liabilities 1,623 1,684 1,870
645 806 786
CWIP 106 4 15
Investments 344 342 406
528 533 664
Total Assets 1,623 1,684 1,870

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024
219 88
-251 -47
29 -43
Net Cash Flow -3 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024
Debtor Days 38 41
Inventory Days 64 86
Days Payable 28 41
Cash Conversion Cycle 74 86
Working Capital Days 64 75
ROCE % 3%

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.

Click on the line-items to see the names of individual entities.

Documents

Concalls