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Century Extrusions Ltd. Stock Analysis

Small Cap
Evaluated by 353 users | BSE: 500083 | NSE: CENTEXT |
Aluminium & Aluminium Products
Century Extrusion was incorporated in 1991, promoted by M P Jhunjhunwala, The company is engaged in the manufacture of aluminium extrusions since its inception. The company manufactures and supplies extrusions for various applications, such as architecture and hardware, road transport...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 7.34%11.66%6.94%6.15%9.23%8.28%8.44%10.4%9.77%8.63%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 163192178190174168181236255231
Y-o-Y Gr. Rt.-18%-7.5%6.9%-8.7%-3.4%7.5%30.7%8.1%-9.6%
Adjusted EPS (Rs.) 0.080.40-0.120.190.140.180.460.510.46
Y-o-Y Gr. Rt.-400%-100%NANA-26.3%28.6%155.6%10.9%-9.8%
Book Value per Share (Rs.) 4.054.494.544.464.634.754.95.365.866.31
Adjusted Net Profit 0.63.20-0.91.51.11.43.74.13.7
Net Op. Cash Flow (Rs. Cr.) 55.52.610.910.34.82.65.2-2.621.1
Debt to Cash Flow from Ops 7.567.1817.373.543.37.3414.167.51-21.382.04
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Century Extrusions Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 3.9%5.8%8.5%-9.6%
Adjusted EPS 21.5%19.3%36.7%-9.8%
Book Value per Share 5.16.48.87.7
Share Price 4.9% 19.1% -5.7% 43.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 1.889.470.1-2.564.082.913.649.049.057.6
Operating Profit Margin (%) 6.166.414.453.784.725.135.484.856.236.81
Net Profit Margin (%) 0.371.680.02-0.480.850.650.781.571.591.6
Debt to Equity 1.161.111.241.080.920.920.930.911.170.85
Working Capital Days 8585989399102110105115132
Cash Conversion Cycle 49496155494953566578
Entity Percentage Holding
Promoters 52.04%
Institutions 0.01%
Non-Institutions 47.96%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Century Extrusions Ltd.'s performance infers:

Century Extrusions Ltd. earnings have grown by 19.3%, whereas share price has appreciated 19.1% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Century Extrusions Ltd. share prices over the last 10 years. Here is what we found out:

Century Extrusions Ltd. share price has appreciated -1% annually over the past ten years.

Century Extrusion was incorporated in 1991, promoted by M P Jhunjhunwala, The company is engaged in the manufacture of aluminium extrusions since its inception. The company manufactures and supplies extrusions for various applications, such as architecture and hardware, road transport vehicles, railways, electrical and electronic applications, engineering applications, auto sector, consumer durables, defence applications, irrigation, etc. The company has an inventory of more than 2000 dies

Century Extrusion was incorporated in 1991, promoted by M P Jhunjhunwala, The company is engaged in the manufacture of aluminium extrusions since its inception. The company manufactures and supplies extrusions for various applications, such as architecture and hardware, road transport vehicles, railways, electrical and electronic applications, engineering applications, auto sector, consumer durables, defence applications, irrigation, etc. The company has an inventory of more than 2000 dies for manufacture of more than 1000 different profiles.

Century Extrusion is having market presence all over India with its sales offices at Bangalore, Chennai, Delhi, Hyderabad, Kanpur, Kolkata and Mumbai. The company supplies material through trade and also directly to the end-users. The ratio of sales to Trade and End-users is roughly 25:75.

The plant of the company is accredited with ISO-9001:2000 certification for its quality systems. It usually supply extrusions as per the tolerances laid down by the Bureau of India Standards in accordance with BIS: 6477-1983 and BIS – 2673 – 1979. Its processes are capable of meeting the dimensional, mechanical, electrical and composition requirements of international standards such as BS, DIN, JIS, ASTM and others.

Century Extrusion employs 130 staff members and 200 permanent workmen. It manufactures and supplies extrusions for various applications, such as architecture and hardware, road transport vehicles, railways, electrical and electronic applications, engineering applications, auto sector, consumer durables, defence applications, irrigation, etc. It has market presence all over India with its Sales Offices at Bangalore, Chennai, Delhi, Hyderabad, Kanpur, Kolkata and Mumbai. It supply material through Trade and also directly to the End-users. The ratio of sales to Trade and End-users is roughly 25:75.

The plant is located at Kharagpur in West Bengal, India. It has two extrusion presses of 1250MT and 1620MT capacities. The Company has complete in-house facilities for Die Manufacturing, Melting and Casting of Billets and a very well equipped Quality Assurance Department besides the Extrusion Shop. The main equipment -- extrusion presses have been manufactured by UBE Industries, Japan – 1620MT Press and M/s. Siddharth Industries, India – 1250MT Press. Its production capacity is 7500 MT of aluminium extruded products per annum.

The company has production facilities mainly comprising of a Re-melt Shop for casting billets, Tool Room for manufacture of Dies and two Extrusions Press Lines. The company’s manufacturing facilities consist of 3(three) oil-fired, fixed-hearth, reverberatory Melting-cum-Holding Furnaces of bath capacities 3MT, 6MT and 8MT. The D C Casting unit is flexible to cast 6” & 7” dia billets in alloys ranging from 1xxx to 7xxx series.

Molten metal treatment is carried out by Automatic Flux Feeder in conjunction with 'eco-friendly' nitrogen degassing. The presence of hydrogen gas in the molten metal is detected using a Gas Analyser. Further degassing is carried out, if required, prior to casting. Composition is determined using ARL Make Direct Reading Vacuum Emission Spectrometer.

With the 2 Extrusion Press lines – 1620MT (UBE , Japan) and 1250MT (indigenous) – both PLC controlled, the Company is able to cater to the requirements ranging from miniature profiles up to large-sized Bars in Soft, Medium and High Strength Alloys. The arrangement for taper quenching of billets ensures ‘ near-isothermal ' extrusions for achieving uniform property along the length of the extruded profiles / bars. The ‘in-house' heat treatment facility ensures good resilience in the Dies. Use of ‘ mastercam ' also assists in assessing the type of fit and the clearances required for the assembly of complementary profiles.

Product range

The company has an inventory of more than 2000 dies for manufacture of more than 1000 different profiles

  • Agricultural Appliances- Curtain walls, structural glazing, doors, windows, expandable grills, modular furniture, rolling shutters, drapery rods and paneling, etc
  • Transport- Angles, channels, decorative beedings, floor planks, garnish rails, bus and rail coaches.
  • Electrical, electronics- Antenna tubes, armour rods, electronic racks, lug stock, transmission lines.
  • Extrusions for industrial- Detonator shell, forging stock, heat sinks, irrigation tubes, knitting pin stocks, motor housing, profiles for air-conditioner, conveyors, ladders, solar panel,and for water filter, pump casting for hydullic gear pumps, etc.

Awards/Achievements

  • Its plant is accredited with ISO-9001:2000 certification for its quality systems.
  • Its testing facilities have also been approved by CQA (Metals) vide their letter No. CDN-747/TC dated 27.11.01 for supply of Defence Stores.
  • In 2007 the company crossed the Rs 10,000 lakh turnover mark.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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