Century Enka Ltd

₹ 406 -1.83%
27 Jan - close price
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
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. 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. [1]

  • Market Cap 887 Cr.
  • Current Price 406
  • High / Low 675 / 389
  • Stock P/E 5.34
  • Book Value 592
  • Dividend Yield 2.46 %
  • ROCE 19.8 %
  • ROE 15.1 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.69 times its book value
  • Company has been maintaining a healthy dividend payout of 18.3%

Cons

  • Promoter holding is low: 24.8%
  • Company has a low return on equity of 10.3% over last 3 years.

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
334 370 344 102 275 398 445 423 539 563 572 568 563
322 350 319 133 254 340 375 362 480 488 504 507 526
Operating Profit 13 19 25 -31 22 58 70 61 59 76 68 61 38
OPM % 4% 5% 7% -30% 8% 15% 16% 14% 11% 13% 12% 11% 7%
15 7 16 8 6 -2 4 5 7 5 5 3 5
Interest 1 1 1 0 0 0 0 0 0 0 0 0 0
Depreciation 11 11 11 10 10 11 10 9 10 10 10 10 9
Profit before tax 15 14 28 -34 17 45 64 56 55 70 62 54 33
Tax % -202% 34% 23% 27% 12% 27% 24% 24% 25% 28% 20% 25% 22%
Net Profit 46 9 22 -25 15 32 49 43 41 51 50 40 26
EPS in Rs 21.05 4.20 10.01 -11.40 6.76 14.86 22.23 19.47 18.94 23.15 22.72 18.44 11.74
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,349 1,650 1,552 1,467 1,219 1,148 1,185 1,416 1,791 1,423 1,223 2,098 2,267
1,175 1,568 1,414 1,289 1,103 1,014 1,003 1,305 1,641 1,330 1,102 1,834 2,024
Operating Profit 174 81 138 178 116 135 183 112 151 93 120 264 243
OPM % 13% 5% 9% 12% 9% 12% 15% 8% 8% 7% 10% 13% 11%
10 18 -5 10 7 4 5 43 17 42 14 21 17
Interest 16 32 29 21 17 10 6 3 3 3 2 1 1
Depreciation 61 67 72 71 43 41 42 42 45 46 41 40 40
Profit before tax 106 0 31 96 63 88 140 109 119 86 92 244 219
Tax % 25% -2,409% 30% 34% 42% 33% 35% 36% 36% -10% 23% 25%
Net Profit 79 9 22 63 37 59 91 70 77 96 71 184 166
EPS in Rs 36.32 4.02 10.02 28.80 16.74 27.05 41.63 32.08 35.05 43.72 32.46 84.28 76.05
Dividend Payout % 18% 124% 60% 21% 36% 28% 17% 22% 20% 18% 25% 12%
Compounded Sales Growth
10 Years: 2%
5 Years: 12%
3 Years: 5%
TTM: 26%
Compounded Profit Growth
10 Years: 33%
5 Years: 14%
3 Years: 33%
TTM: -2%
Stock Price CAGR
10 Years: 13%
5 Years: 4%
3 Years: 27%
1 Year: -25%
Return on Equity
10 Years: 8%
5 Years: 9%
3 Years: 10%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
22 22 22 22 22 22 22 22 22 22 22 22 22
Reserves 630 626 632 679 694 756 833 879 933 1,008 1,067 1,229 1,272
406 352 277 195 152 70 53 47 38 23 13 15 43
210 224 179 174 180 168 213 216 238 211 238 257 259
Total Liabilities 1,268 1,224 1,110 1,070 1,049 1,016 1,119 1,164 1,231 1,264 1,340 1,523 1,596
622 701 670 596 612 602 569 575 548 528 492 476 471
CWIP 124 21 3 22 12 2 6 4 2 3 2 68 194
Investments 3 3 3 9 9 80 98 87 168 262 302 260 256
519 499 433 443 416 333 447 499 513 471 545 718 676
Total Assets 1,268 1,224 1,110 1,070 1,049 1,016 1,119 1,164 1,231 1,264 1,340 1,523 1,596

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
22 145 130 152 128 192 61 56 122 142 109 56
-194 -45 -12 -32 -53 -83 -20 -8 -110 -104 -76 -41
178 -105 -117 -119 -76 -108 -43 -28 -31 -38 -29 -17
Net Cash Flow 6 -5 1 1 -1 1 -2 20 -18 -1 4 -3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 35 36 40 47 49 50 58 53 42 39 69 42
Inventory Days 128 75 69 80 97 78 134 90 68 96 97 85
Days Payable 21 23 8 14 16 17 40 30 29 43 65 33
Cash Conversion Cycle 142 88 101 114 131 110 152 113 80 92 102 93
Working Capital Days 102 77 64 83 94 80 100 92 75 84 98 79
ROCE % 13% 3% 8% 12% 9% 11% 17% 9% 12% 8% 8% 20%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
24.80 24.80 24.80 24.80 24.80 24.80 24.80 24.80 24.80 24.80 24.79 24.79
2.00 2.00 2.00 2.00 2.00 3.25 4.67 4.88 5.26 5.35 4.41 3.62
5.90 5.77 5.33 5.33 5.33 5.35 5.33 5.34 7.97 7.92 6.15 5.20
67.30 67.43 67.87 67.87 67.87 66.61 65.20 64.98 61.97 61.94 64.66 66.39

* 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.

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