Century Enka Ltd - Stock Valuation and Financial Performance

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

Century Enka Share Price

402 1.20 0.30%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Century Enka

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Century Enka stock performance -

mw4me loader
P/E Ratio (SA):
21.85
Market Cap:
876.9 Cr.
52-wk low:
340.1
52-wk high:
503

Is Century Enka Ltd an attractive stock to invest in?

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 Overvalued 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.6%5.8%8.2%11.4%5.7%7.7%8.2%5.7%15.1%6.5%-
Value Creation
Index
-0.4-0.6-0.4-0.2-0.6-0.5-0.4-0.60.1-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,4671,2191,1481,1851,4161,7911,4231,2232,0982,0721,748
Sales YoY Gr.--16.9%-5.8%3.2%19.5%26.5%-20.5%-14.1%71.6%-1.2%-
Adj EPS 29.417.729.243.923.133.236.927.380.838.718.4
YoY Gr.--39.6%64.4%50.6%-47.3%43.4%11.1%-26.1%196.4%-52.1%-
BVPS (₹) 316.1323.8356.1391412.3437469498.4572.4605609.1
Adj Net
Profit
64.238.863.79650.672.580.659.617784.640
Cash Flow from Ops. 15212819260.556.112214210955.6219-
Debt/CF from Ops. 1.31.20.40.90.80.30.10.10.20.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.9%7.9%13.3%-1.2%
Adj EPS 3.1%10.8%1.6%-52.1%
BVPS7.5%8%8.9%5.7%
Share Price 11.4% 9.8% 17.1% 17.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
9.55.58.511.85.87.88.15.615.16.63
Op. Profit
Mgn %
12.49.912.515.88.18.46.69.812.66.94.1
Net Profit
Mgn %
4.43.25.68.13.64.15.74.98.44.12.3
Debt to
Equity
0.30.20.10.10.100000.1-
Working Cap
Days
108130115105115981201389610082
Cash Conv.
Cycle
7891838186687781606667

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.33%

Return on Equity has declined versus last 3 years average to 3.00%

Net Profit has been subdued in last 3 years 1.62%

Sales growth is not so good in last 4 quarters at -18.85%

Latest Financials - Century Enka Ltd.

Standalone Consolidated
TTM EPS (₹) 18.4 16.9
TTM Sales (₹ Cr.) 1,748 1,748
BVPS (₹.) 609.1 608.9
Reserves (₹ Cr.) 1,309 1,309
P/BV 0.66 0.66
PE 21.85 23.72
From the Market
52 Week Low / High (₹) 340.05 / 503.00
All Time Low / High (₹) 25.50 / 671.95
Market Cap (₹ Cr.) 877
Equity (₹ Cr.) 21.9
Face Value (₹) 10
Industry PE 27.9

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,4671,2191,1481,1851,4161,7911,4231,2232,0982,072
Operating Expenses 1,2901,1031,0071,0031,3051,6411,3301,1021,8341,930
Manufacturing Costs227230233252275317295233324360
Material Costs9637616626308901,1698807151,3271,385
Employee Cost 567173788894100101115120
Other Costs 44413944516056536866
Operating Profit 17711614218211215193120264142
Operating Profit Margin (%) 12.1%9.5%12.4%15.3%7.9%8.4%6.5%9.8%12.6%6.9%
Other Income 127415182242222119
Interest 2117106333212
Depreciation 71434142424546414041
Exceptional Items -20-8-1025-50-800
Profit Before Tax 9663881401091198692244118
Tax 332629493943-9216027
Profit After Tax 633759917077967118490
PAT Margin (%) 4.3%3.0%5.1%7.7%4.9%4.3%6.7%5.8%8.8%4.4%
Adjusted EPS (₹)28.816.727.141.632.135.143.732.584.341.4
Dividend Payout Ratio (%)21%36%28%17%22%20%18%25%12%24%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 7017167788549019551,0251,0891,2511,322
Share Capital 22222222222222222222
Reserves 6796947568338799331,0031,0671,2291,300
Minority Interest0000000000
Debt17614055383121105649
Long Term Debt486651373121105649
Short Term Debt1287441000000
Trade Payables373332687293104127121108
Others Liabilities 210235151159160162125119145144
Total Liabilities 1,1241,1241,0161,1191,1641,2311,2641,3401,5231,623

Fixed Assets

Gross Block1,6171,681649643690692709718740948
Accumulated Depreciation1,0221,0694774116144182227264304
Net Fixed Assets596612602569575548528492476645
CWIP 221226423268106
Investments 99809887168262302260344
Inventories212203147231219217232191308243
Trade Receivables191164156189207205152232239217
Cash Equivalents 65642576607216
Others Assets891192423488480619951
Total Assets 1,1241,1241,0161,1191,1641,2311,2641,3401,5231,623

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 152128192615612214210956219
PBT 9663881401091198692244118
Adjustment 9256544663829402427
Changes in Working Capital -73174-79-2810436-153105
Tax Paid -29-21-24-47-31-44-17-29-60-31
Cash Flow From Investing Activity -32-53-83-20-8-110-104-76-41-251
Capex -29-54-22-22-21-38-19-12-81-236
Net Investments -50-63-513-77-87-6432-25
Others 2117051079
Cash Flow From Financing Activity -119-76-108-43-28-31-38-29-1729
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -8311-12-14-5-9-16-9253
Interest Paid -16-17-10-6-4-4-4-1-1-2
Dividend Paid -15-15-16-16-15-15-15-17-17-22
Others -5-54-70-6-4-3-3-1-1-1
Net Cash Flow 1-11-220-18-14-3-3
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)9.435.237.9611.157.998.259.656.7115.747.03
ROCE (%)12.939.1611.4516.5712.1212.638.848.7220.819.08
Asset Turnover Ratio1.441.221.21.251.281.51.140.941.471.34
PAT to CFO Conversion(x)2.413.463.250.670.81.581.481.540.32.43
Working Capital Days
Receivable Days40474547504246574140
Inventory Days46555051564457634348
Payable Days12171829292641593430

Century Enka Ltd Stock News

Century Enka Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Century Enka on 28-Mar-2024 16:01 is ₹402.0.
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 Enka stood at ₹876.9.
The latest P/E ratio of Century Enka as of 28-Mar-2024 16:01 is 21.85.
The latest P/B ratio of Century Enka as of 28-Mar-2024 16:01 is 0.66.
The 52-week high of Century Enka is ₹503.0 and the 52-week low is ₹340.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Century Enka is ₹1,748 ( 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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