Century Enka Ltd Stock Analysis

BSE: 500280 | NSE: CENTENKA | Textile | Small Cap

BSE Share Price 06-Dec-2022 18:01
433.65 -0.35 (-0.08%)

DeciZen - Make an Informed Decision on Century Enka

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Century Enka Price Chart

P/E Ratio (SA) :
5.70
Market Cap :
947.6 Cr.
52-wk low :
381
52-wk high :
672
Bole Toh?

1. Is Century Enka Ltd a good quality company?

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

2. Is Century Enka Ltd undervalued or overvalued?

The key valuation ratios of Century Enka Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Century Enka Ltd a good buy now?

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

10 Year X-Ray of Century Enka:

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 Enka 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 5.4%8.6%5.8%8.2%11.3%5.7%7.7%8.2%5.7%15.1%-
Value Creation Index -0.6-0.4-0.6-0.4-0.2-0.6-0.5-0.4-0.60.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,5521,4671,2191,1481,1851,4161,7911,4231,2232,0982,266
YoY Gr. Rt. %--5.5%-16.9%-5.8%3.2%19.5%26.5%-20.5%-14.1%71.6%-
Adj EPS 14.429.417.729.243.623.133.236.927.380.876.1
YoY Gr. Rt. %-104%-39.6%64.4%49.7%-47%43.4%11.1%-26.1%196.4%-
BVPS (₹) 294.4316.1323.8356.1391412.3437469498.4572.4592.3
Adj Net Profit 31.564.238.863.795.450.672.580.659.6177166
Cash Flow from Ops. 13015212819260.556.112214210955.6-
Debt/CF from Ops. 2.11.31.20.40.90.80.30.10.10.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.4%12.1%5.4%71.6%
Adj EPS 21.1%13.1%34.5%196.4%
BVPS 7.77.99.414.9
Share Price 12.5% 5.7% 34.5% 8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 4.89.55.58.511.75.87.88.15.615.113.1
Op. Profit Mgn % 8.912.49.912.515.88.18.46.69.812.610.7
Net Profit Mgn % 24.43.25.683.64.15.74.98.47.3
Debt to Equity 0.40.30.20.10.10.100000
Working Cap Days 11310813011510511510012414298142
Cash Conv. Cycle 69789183818668778160114

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.10%

Net Profit is growing at healthy rate in last 3 years 34.52%

Sales growth is good in last 4 quarters at 27.10%

Sales growth has been subdued in last 3 years 5.40%

Latest Financials - Century Enka Ltd.

Standalone Consolidated
TTM EPS (₹) 76.1 -
TTM Sales (₹ Cr.) 2,266 -
BVPS (₹.) 592.3 -
Reserves (₹ Cr.) 1,272 -
P/BV 0.73 -
PE 5.70 -
From the Market
52 Week Low / High (₹) 381.00 / 671.95
All Time Low / High (₹) 25.50 / 671.95
Market Cap (₹ Cr.) 948
Equity (₹ Cr.) 21.9
Face Value (₹) 10
Industry PE 24

Management X-Ray of Century Enka :

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 Enka

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Century Enka Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Century Enka on 06-Dec-2022 18:01 is : 433.6.
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 06-Dec-2022 18:01 the market cap of Century Enka stood at ₹ 947.5.
The latest PE ratio of Century Enka as of 06-Dec-2022 18:01 is 5.70.
The latest PB ratio of Century Enka as of 06-Dec-2022 18:01 is 0.73
The 52-week high of Century Enka is ₹ 672.0 and the 52-week low is ₹ 381.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Century Enka is ₹ 2,266 ( Cr.) .

About Century Enka Ltd

Century Enka Limited was established in 1965, as a joint venture of the B K Birla group and Accordis group of Netherland. In 2006 Acordis Overseas Investment an associate of Dutch company Acordis, sold its entire stake in the company in the favour of B K Birla Group.

It manufactures nylon and other man-made fibres and fabrics. Nylon yarn is marketed in India under the trade mark ‘Enkalon’. The company produces jumbo beams, specialty yarns, industrial/fiber grade chips, industrial yarns and tyre-cord fabrics. Its yarns are used as reinforcing material in tyres, conveyor belts, V-belts, hoses, ropes and cordage, and broad and narrow woven. After completing the first phase of modernization, the company launched draw warper jumbo beams for the first time in India. The product is focused for manufacturing of premium fabrics made from zero twist-sized warp yarn on hi-tech German make draw warping machines.

Century Enka Limited (CEL) has three plants with state of the art technology viz. Century Enka Ltd. - Pune, Konkan Synthetic Fibres - Mahad in Maharashtra & Rajashree Polyfil - Bharuch in Gujrat producing Nylon & Polyester Filament Yarns (Textile grade), POY, Jumbo Beams, Speciality Yarns, Industrial/Fibre grade Chips, Industrial Yarns & Tyre Cord Fabrics.

CEL has an installed capacity of 1,10,000 tonnes per annum of Nylon Chips/NFY & Polyester Chips/PFY, with 12,000 tons/annum of Industrial Filament/Tyre Cord Fabric.Century Enka Ltd. has been continuously striving for modern technology to manufacture global standard quality of Nylon and Polyester Filament Yarns.

CEL is committed towards values of quality, innovation & fair business practices for complete customer satisfaction.

Century Enka Limited has emerged as a leading Nylon Filament yarn manufacturer in India with commitment of modern technology to manufacture global standard quality Nylon Filament Products. We have set upon a mission to Re-Define Nylon Quality Standards in Indian Market.

In pursuit of the above goals, CEL has introduced for the first time in India Nylon Flat Yarn on paper tube packages, produced from latest generation Draw-Winder machines.This provides flexibility to supply unit package weight of upto 8 kg, which is ideally suitable for high speed processing machines (TFOs) at customer's end. Apart from package weight, Draw-winder products of CEL are superior in terms of Yarn characteristics, viz. Unwinding performance, runnability & Improved Tenacity as compared to Cops and FDY (Spin-Draw) HOY products.

It also provides complete freedom from Cops administration and collection, which is a nightmare for both Customers as well as Dealers/Agents.

After completing the first phase of modernization, CEL has now launched Draw Warper Jumbo Beams.

For the first time In India, these products are being focused towards manufacturing of premium fabrics made from Zero Twist Sized Warp Yarns. These products are being produced on world class superior Hi-Tech German Make Draw Warping Machines. This modern technology, which had been available only in the international market, has now been available to the domestic consumers. It will open up new opportunities for growth in nylon Industry, in terms of volumes as well as new quality fabric creations.

Century Enka Limited, Pune site and its division is known as ‘Konkan Synthetic Fibres’ (both units viz. POY and PY) in Mahad (Dist. Raigad) & ‘Rajashree Polyfil’ in Umalla (Dist. Bharuch), aim at improvements on continuous basis in all areas of its business operations with distinct focus on manufacturing process and product through modern technology and Providing satisfaction to customers.

Product range

  • CEL produces wide range of high quality Nylon Processed Yarns for varied application areas.
  • In weaving segment it provides Mono Filaments of 20/1SD, 20/1BSPK and also Multi filaments in wide range as 20/10BSPK, 30/24BSPK, 140/72BSPK, 44/24FD, 80/36SD, 140/48SD, etc. (BSPK - Bright Trilobal, SD - Semi Dull Circular, FD - Full Dull Circular).
  • Specialized Product Range for High TPM Fabrics (Georgette/Chiffons)
  • Nylon Jumbo Beams
  • Nylon POY For Air Texturising
  • Sewing Thread & Fish Net
  • Polyester Filament Yarn- company’s RAJASHREE brand has now become synonymous with highest quality POY products being produced keeping in mind the need of new generation 'High-Speed' machines. A wide range of POY products are available for Draw Texturising as well as Air Texturising, Draw Twisting and Draw
  • Warping applications.
  • Processed Yarn
  • Industrial Yarn & Tyer Cord Fabric- The Plant at Pune produces High Tenacity Nylon (Polyamide 6) and Polyester Industrial Yarns and Greige Tyre Cord Fabrics among other products

CEL has introduced for the first time in India Nylon Flat Yarn on paper tube packages, produced from latest generation Draw-Winder machines.

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