Century Enka Ltd

Century Enka Ltd

₹ 543 -1.83%
22 Jul 4:01 p.m.
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.

  • Market Cap 1,188 Cr.
  • Current Price 543
  • High / Low 666 / 378
  • Stock P/E 27.8
  • Book Value 624
  • Dividend Yield 1.84 %
  • ROCE 4.48 %
  • ROE 3.18 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.87 times its book value

Cons

  • Promoter holding is low: 24.9%
  • Earnings include an other income of Rs.33.5 Cr.

* 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

Loading peers table ...

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

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024
2,072 1,744
1,930 1,664
Operating Profit 142 80
OPM % 7% 5%
19 33
Interest 2 5
Depreciation 41 50
Profit before tax 118 58
Tax % 23% 26%
90 43
EPS in Rs 41.34 19.56
Dividend Payout % 24% 51%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -16%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -49%
Stock Price CAGR
10 Years: 12%
5 Years: 22%
3 Years: 8%
1 Year: 30%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024
Equity Capital 22 22
Reserves 1,300 1,343
68 52
233 268
Total Liabilities 1,623 1,684
645 806
CWIP 106 4
Investments 344 342
528 533
Total Assets 1,623 1,684

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 64 132
ROCE % 4%

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
24.80% 24.80% 24.80% 24.80% 24.79% 24.79% 24.79% 24.79% 24.86% 24.86% 24.86% 24.86%
4.67% 4.88% 5.26% 5.35% 4.41% 3.62% 3.35% 3.42% 3.35% 2.95% 2.91% 3.44%
5.33% 5.34% 7.97% 7.92% 6.15% 5.20% 4.74% 5.11% 5.11% 6.27% 6.27% 9.62%
65.20% 64.98% 61.97% 61.94% 64.66% 66.39% 67.11% 66.68% 66.68% 65.91% 65.96% 62.10%
No. of Shareholders 46,59244,66544,23743,47243,14148,37347,22146,49443,98942,42941,07938,059

* 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