Century Textiles & Industries Ltd - Stock Valuation and Financial Performance

BSE: 500040 | NSE: CENTURYTEX | Diversified | Small Cap

Century Textile &Ind Share Price

1,632.50 129.35 8.61%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Century Textile &Ind

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Century Textiles & Industries stock performance -

mw4me loader
P/E Ratio (SA):
50.75
Market Cap:
16,789.5 Cr.
52-wk low:
612.5
52-wk high:
1,598.8

Is Century Textiles & Industries Ltd an attractive stock to invest in?

1. Is Century Textiles & Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Century Textiles & Industries Ltd is a average quality company.

2. Is Century Textiles & Industries Ltd undervalued or overvalued?

The key valuation ratios of Century Textiles & Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Century Textiles & Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Century Textiles & Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Century Textile &Ind:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Century Textiles & Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 3.6%4.3%3.9%6.1%5.4%10%11.6%2.3%5.1%6.6%-
Value Creation
Index
-0.7-0.7-0.7-0.6-0.6-0.3-0.1-0.8-0.6-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6,6757,5597,9677,6453,8983,9443,4242,6114,1294,7954,510
Sales YoY Gr.-13.3%5.4%-4%-49%1.2%-13.2%-23.8%58.2%16.1%-
Adj EPS 0-0.5-8.59.723.945.241.94.317.424.529.6
YoY Gr.--1633.3%NANA146.5%89.4%-7.3%-89.7%302.6%41.3%-
BVPS (₹) 187.8194.5211.6222.2246296320.3328350.9374.7380.5
Adj Net
Profit
0.3-4.6-94.310826750546848.1194274331
Cash Flow from Ops. 5913801,0209402,209624401652146484-
Debt/CF from Ops. 9.616.25.76.121.63.41.58.21.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -3.6%4.2%11.9%16.1%
Adj EPS 110.7%0.5%-16.4%41.3%
BVPS8%8.8%5.4%6.8%
Share Price 16.2% 12.5% 51.7% 162.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0-0.2-4.34.510.216.713.61.35.16.87.9
Op. Profit
Mgn %
10.98.78.512.220.724.419111313.513.6
Net Profit
Mgn %
0-0.1-1.21.46.812.813.71.84.75.77.3
Debt to
Equity
3.33.12.52.31.60.30.40.30.30.2-
Working Cap
Days
14411611011124116714421516218897
Cash Conv.
Cycle
666557457835326043669

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 7.80%

Sales growth is growing at healthy rate in last 3 years 11.88%

Net Profit has been subdued in last 3 years -16.37%

Sales growth is not so good in last 4 quarters at -4.33%

Latest Financials - Century Textiles & Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 29.6 17.2
TTM Sales (₹ Cr.) 4,510 4,560
BVPS (₹.) 380.5 344.5
Reserves (₹ Cr.) 4,138 3,736
P/BV 3.95 4.36
PE 50.75 87.33
From the Market
52 Week Low / High (₹) 612.45 / 1598.75
All Time Low / High (₹) 22.00 / 1598.75
Market Cap (₹ Cr.) 16,790
Equity (₹ Cr.) 111.7
Face Value (₹) 10
Industry PE 65.7

Management X-Ray of Century Textile &Ind:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Century Textile &Ind

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales6,6757,5597,9677,6453,8983,9443,4242,6114,1294,795
Operating Expenses 5,9536,9077,2946,7143,0932,9802,7722,3243,5924,149
Manufacturing Costs2,3182,6842,7172,4211,1161,0359487521,1011,300
Material Costs1,9232,1062,2321,9931,3121,4621,3491,1321,9842,268
Employee Cost 501616646637412267256232263267
Other Costs 1,2111,5011,6991,663253216219207245314
Operating Profit 723652673930805964652287537646
Operating Profit Margin (%) 10.8%8.6%8.4%12.2%20.6%24.4%19.0%11.0%13.0%13.5%
Other Income 234855774710443806862
Interest 3634855885532129593897589
Depreciation 355249283313199193228229228223
Exceptional Items 000000000134
Profit Before Tax 28-34-14314144077937449302530
Tax 25-49-4817161267-94-1102161
Profit After Tax 315-9512428051246850200368
PAT Margin (%) 0.0%0.2%-1.2%1.6%7.2%13.0%13.7%1.9%4.8%7.7%
Adjusted EPS (₹)0.31.5-8.511.125.045.841.94.517.933.0
Dividend Payout Ratio (%)1,882%360%-65%50%26%16%7%22%22%15%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1,7471,9742,3642,4822,7483,3063,5773,6643,9194,185
Share Capital 93102112112112112112112112112
Reserves 1,6541,8722,2522,3702,6363,1953,4653,5523,8074,073
Minority Interest0000000000
Debt4,4704,8314,7024,7143,855902543832621598
Long Term Debt2,8103,5623,2833,1262,392702527829307399
Short Term Debt1,6591,2691,4191,5881,463200163314199
Trade Payables504451610706682554479569817706
Others Liabilities 2,5712,8212,5172,4353,0471,4171,8791,2731,8041,981
Total Liabilities 9,29210,07610,19310,33610,3316,1796,4786,3377,1607,469

Fixed Assets

Gross Block7,6599,47310,24310,39510,1976,4996,5676,6386,7576,804
Accumulated Depreciation3,2823,5353,9094,1904,0783,0003,1773,3673,5453,702
Net Fixed Assets4,3775,9386,3346,2056,1193,4993,3903,2703,2113,102
CWIP 2,22971170343544174210210223
Investments 974951,2071,3631,3601,4281,1721,266610430
Inventories1,3001,4241,2731,2651,1796288838441,3781,787
Trade Receivables526659524503421204183164221159
Cash Equivalents 731241028925050106683785
Others Assets6907256828789683285725151,4931,683
Total Assets 9,29210,07610,19310,33610,3316,1796,4786,3377,1607,469

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 5913801,0209402,209624401652146484
PBT 28-34-1431125906,32634720312530
Adjustment 706649763780661-5,338283244195141
Changes in Working Capital -130-201407741075-167-105225-305-115
Tax Paid -12-34-7-26-117-196-124163-56-72
Cash Flow From Investing Activity -758-509-357-247-195-208-487-181-226-33
Capex -752-522-257-146-153-75-232-82-7329
Net Investments -200-103-104-61-58-9-42-113120
Others 14134319-74-246-57-40-182
Cash Flow From Financing Activity 185147-1,242-175-1,795-677227-51192-579
Net Proceeds from Shares 03012710000000
Net Proceeds from Borrowing 38185100000000
Interest Paid -583-644-576-509-453-267-84-129-107-106
Dividend Paid -51-51-56-61-61-73-84-34-11-45
Others 438-309-881395-1,281-338396-349210-428
Net Cash Flow 1818-579518219-261141-4012-128
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.150.83-4.385.1110.6916.9113.61.385.279.09
ROCE (%)5.555.775.448.498.5315.2910.132.877.7212.13
Asset Turnover Ratio0.790.860.860.820.380.490.560.420.630.68
PAT to CFO Conversion(x)19725.33N/A7.587.891.220.8613.040.731.32
Working Capital Days
Receivable Days23262522432820241714
Inventory Days62595655113817811795117
Payable Days596778108183154140169127123

Century Textiles & Industries Ltd Stock News

Century Textiles & Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Century Textile &Ind on 28-Mar-2024 16:01 is ₹1,632.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Century Textile &Ind stood at ₹16,789.5.
The latest P/E ratio of Century Textile &Ind as of 28-Mar-2024 16:01 is 50.75.
The latest P/B ratio of Century Textile &Ind as of 28-Mar-2024 16:01 is 3.95.
The 52-week high of Century Textile &Ind is ₹1,598.8 and the 52-week low is ₹612.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Century Textile &Ind is ₹4,510 ( Cr.) .

About Century Textiles & Industries Ltd

From a single-unit textile entity in 1897, Century Textiles and Industries Ltd has transformed into a commercial powerhouse with interests in diverse industries. Currently, the business house is a trendsetter in cotton textiles and also has a remarkable presence in the Pulp and Paper and Real Estate sectors.

The company very old legacy is built on its steadfast commitment to the development of the nation. Its unwavering focus on quality and innovation, combined with agility and customer centricity, leave it in good stead to capitalise on market opportunities and continue creating sustainable value for its stakeholders.

Business area of the company

The Company is principally engaged in manufacturing of Textiles, Cement, Pulp and Paper and Real estate.

Businesses Segments

Birla Estates: With an aim to deliver exceptional and premium LifeDesignedTM home and office spaces, the company marked its entry into the realty sector in 2016.

Birla Century: Birla Century’s USP is the customisation it offers to clients in terms of the weave, design and texture of products. At its state-of-the-art manufacturing facility in Gujarat, it produces a wide range of premium textiles which have applications in personal apparel and household linen.

Century Pulp and Paper: Century Pulp and Paper is a producer of excellent quality writing and printing paper, and a leading manufacturer of tissue and board, as well as Rayon Grade Pulp products.

Awards and Certifications

2017-18

  • 1st Manufacturing facility in India & 2nd in World to receive Gold Leed Certification.
  • Membership and certification i.e. “BCI” - (Better Cotton Initiative) received from Switzerland, “Fair Trade” from Germany and “Cotton USA” from USA for supplying and sourcing of value added sustainable products.
  • Certificate SA 8000 received from Bureau Veritas for Global Social Accountability covering compliances as per ILO guidelines.
  • Upgraded the latest version of Oeko-Tex-Standard 100 from Hohenstein, Germany - for fabrics to meet the requirements of sustainability as per guidelines of ZDHC (Zero Discharge Hazardous Chemicals) and
    Detox.
  • First Prize for “Overall Performance”, “General Workings” and “Training & Safety Performance” for its limestone mines during Annual Safety Celebrations - 2017 held under the aegis of Directorate General of Mines Safety, Bilaspur and Raigarh Region.
  • First Prize for “Reclamation & Rehabilitation” for its limestone mines in the category of mechanized mines,
    Chhattisgarh, during the Mines Environment and Mineral Conservation Week, Raipur Region 2017-18, held under the aegis of Indian Bureau of Mines, Raipur Region.
  • 5 Star rating awarded by Indian Bureau of Mines, Ministry of Mines, Government of India to its limestone mines, for exemplary performance in implementation of Sustainable Development Framework during 2016-17, assessed under the Star Rating Systems during 3rd National Conclave on Mines & Minerals held at New Delhi.

2018-19

  • First Prize for “Maintenance of HEMM & Workshop”, “Welfare Amenities & OHS Facility”, “Crushing & Screening Plant” and “Afforestation” for its limestone mines during annual safety celebration -2018 held under the aegis of Directorate General of Mines Safety Bilaspur & Raigarh Region.
  • National (FIMI) - Gem Granites Environment award 2017-18 for significant contribution to environment protection & sustainable mining from Hon’ble Minister of Mines, Govt. of India.
  • First Prize for “Overall Performance”, “Safety Education”, “Use of Explosives & Dust Suppression”, “House Keeping & Supervision” and “Standard of Working” for its limestone mines in the category of fully mechanized mines during “Metalliferous Mines Safety Week 2018” held under the aegis of Directorate General of Mines Safety, Jabalpur Region.
  • First Prize for “Overall Performance” and “Systematic & Scientific Development” for its limestone mines in the category of fully mechanized mines during “Mines Environment & Mineral Conservation Week 2018-19” from the Khan Khanij Pradushan Niyantran Evam Paryavaran Vikas Samiti, Jabalpur Region.
  • First Prize for “Water Positivity” for its limestone mines during “Mines Environment & Mineral Conservation Week 2018-19” from the Khan Khanij Pradushan Niyantran Evam Paryavaran Vikas Samiti, Jabalpur Region.
  • 5 Star rating awarded for “Sustainable Development Framework” for its limestone mines during “Mines Environment & Mineral Conservation Week 2018-19” from the Khan Khanij Pradushan Niyantran Evam Paryavaran Vikas Samiti, Jabalpur Region.
  • Maihar Cement Employees’ Provident Fund has received Certificate of Appreciation for Best Performing Exempted Trust 2018 from Employees’ Provident Fund Organisation, Ministry of Labour & Employment, Government of India.

2019-20

  • The Birla Century Plant earned the Silver Medal from the International Research Institute for Manufacturing, India.
  • Birla Century - Jhagadia certified as Best in class ‘A+’ category by Inditex for its Join Life (JL) Programme.
  • Certified for organic production for Coop Naturaline, Switzerland.
  • Successfully completed STeP renewal certification from Hohenstein Institute, Germany.
  • Received PeTA (People for the Ethical Treatment of Animals) label for producing vegan products.
  • Successfully cleared the GRS (4.0) and RCS (2.0) for production of recycled products.

Milestones

  • 1897: ‘The Century Spinning & Manufacturing Co. Ltd.’ founded as a one-plant company to process cotton.
  • 1951: The company came under the fold of Birla management and Shri B. K. Birla was roped in to look after the affairs of the company.
  • 1956: Century Rayon was inaugurated.
  • 1963: Viscose tyre yarn/ cord plant established in collaboration with Algemene Kuntzidjeume NV, Netherlands and Glanzstoff AG, Germany.
  • 1964: Diversification into chemicals; Establishment of an additional caustic soda plant with mercury cell process.
  • 1974: Foray into the cement sector with the launch of Birla Gold Portland brand and a 0.6 MTPA Baikunth plant.
  • 1984: Diversification into the pulp and paper business with the 400-acre Lalkuan plant.
  • 1987: Company renamed as ‘Century Textiles and Industries Limited’.
  • 2008: A state-of-the-art, 100-acre textile mill set-up at Jhagadia in Bharuch, Gujarat.
  • 2008: Textile business reinstated after closure of mills in Mumbai.
  • 2016: Forayed into the realty sector with Birla Estates.
  • 2016: Launched LifeDesigned workspaces - Birla Aurora and Birla Centurion.
  • 2019: Demerger of the Cement Division; to be merged with UltraTech.
  • 2019: Launch of Birla Vanya in Kalyan and Birla Alokya in Bengaluru.
  • 2019: Textile business forayed into e-commerce in the US through Amazon.
  • 2019: Green and innovative value-added products to replace plastics launched using biodegradable board under the Pulp and Paper business.
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