Century Enka Ltd

Century Enka, established in 1965, is a manufacturer and amongst the leading suppliers of synthetic yarn Nylon Tyre Cord Fabric (NTCF), that fi nds its application in bias tyres and Nylon Filament Yarn (NFY), that fi nds its application in making apparel, saree, dupatt a and dress material.(Source : 201903 Annual Report Page No: 2)

  • Market Cap: 396.69 Cr.
  • Current Price: 181.55
  • 52 weeks High / Low 218.75 / 94.50
  • Book Value: 468.98
  • Stock P/E: 4.15
  • Dividend Yield: 3.86 %
  • ROCE: 12.22 %
  • ROE: 7.98 %
  • Sales Growth (3Yrs): 15.97 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company has reduced debt.
Company is virtually debt free.
Stock is trading at 0.39 times its book value
Stock is providing a good dividend yield of 3.86%.
Company has been maintaining a healthy dividend payout of 19.54%
Cons:
Promoter holding is low: 24.80%
Company has a low return on equity of 8.29% for last 3 years.
Earnings include an other income of Rs.42.23 Cr.

Peer comparison Sector: Textiles // Industry: Textiles - Manmade

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Quarterly Results Figures in Rs. Crores

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
337 306 363 410 406 479 472 435 375 334 370 344
324 296 310 375 361 435 435 410 339 322 351 319
Operating Profit 14 10 53 35 45 44 37 24 36 13 19 25
OPM % 4% 3% 15% 8% 11% 9% 8% 6% 10% 4% 5% 7%
Other Income 7 29 2 5 3 4 5 5 5 15 7 16
Interest 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 10 10 10 11 11 11 11 11 12 11 11 11
Profit before tax 9 28 44 27 37 36 30 17 29 15 14 28
Tax % 35% 35% 36% 37% 39% 35% 32% 38% 36% -202% 34% 23%
Net Profit 6 18 29 17 22 23 20 11 18 46 9 22
EPS in Rs 2.79 8.30 13.12 7.87 10.27 10.63 9.32 4.82 8.46 21.05 4.20 10.01
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
1,186 1,162 1,231 1,349 1,650 1,552 1,467 1,219 1,148 1,185 1,416 1,791 1,423
1,082 1,071 1,016 1,176 1,568 1,418 1,292 1,103 1,014 1,010 1,305 1,645 1,330
Operating Profit 104 92 215 173 81 134 175 116 134 175 112 146 93
OPM % 9% 8% 17% 13% 5% 9% 12% 9% 12% 15% 8% 8% 7%
Other Income 9 16 10 10 18 -2 12 7 4 12 43 22 42
Interest 33 26 11 16 32 29 21 17 10 6 3 3 3
Depreciation 59 59 61 61 67 72 71 43 41 42 42 45 46
Profit before tax 21 23 153 106 0 31 96 63 88 140 109 119 86
Tax % 36% 26% 34% 25% -2,409% 30% 34% 42% 33% 35% 36% 36%
Net Profit 13 17 100 79 9 22 63 37 59 91 70 77 96
EPS in Rs 5.84 7.44 46.99 35.26 3.21 8.95 27.76 15.51 27.05 41.63 32.08 35.05 43.72
Dividend Payout % 75% 60% 12% 18% 124% 60% 21% 36% 28% 17% 22% 20%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:4.42%
5 Years:4.08%
3 Years:15.97%
TTM:-20.54%
Compounded Profit Growth
10 Years:14.59%
5 Years:3.88%
3 Years:8.62%
TTM:20.31%
Stock Price CAGR
10 Years:-2.76%
5 Years:2.66%
3 Years:-22.84%
1 Year:-14.52%
Return on Equity
10 Years:8.24%
5 Years:7.63%
3 Years:8.29%
Last Year:7.98%

Balance Sheet Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
20 20 21 22 22 22 22 22 22 22 22 22 22
Reserves 443 450 549 630 626 632 679 694 756 833 879 933 1,003
Borrowings 434 284 208 406 352 277 195 152 70 53 47 38 15
210 197 209 210 224 179 174 180 168 213 216 238 224
Total Liabilities 1,107 952 987 1,268 1,224 1,110 1,070 1,049 1,016 1,119 1,164 1,231 1,264
710 665 610 622 701 670 596 612 602 569 575 548 528
CWIP 0 0 0 124 21 3 22 12 2 6 4 2 3
Investments 3 3 3 3 3 3 9 9 80 98 87 168 262
394 283 374 519 499 433 443 416 333 447 499 513 471
Total Assets 1,107 952 987 1,268 1,224 1,110 1,070 1,049 1,016 1,119 1,164 1,231 1,264

Cash Flows Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
51 224 81 22 145 130 152 128 192 61 56 122
-9 -1 -3 -194 -45 -12 -32 -53 -83 -20 -8 -110
-46 -221 -82 178 -105 -117 -119 -76 -108 -43 -28 -31
Net Cash Flow -5 3 -4 6 -5 1 1 -1 1 -2 20 -18

Ratios Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 6% 6% 22% 13% 3% 8% 12% 9% 11% 17% 9% 12%
Debtor Days 37 23 28 35 36 40 47 49 50 58 53 42
Inventory Turnover 5.78 6.05 5.48 4.10 5.10 5.61 5.38 4.48 4.85 4.26 4.82 6.37

Shareholding pattern in percentages

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
25.25 25.25 25.25 27.16 27.05 25.25 25.25 25.25 25.25 25.25 24.80 24.80
6.05 5.06 4.36 3.73 3.03 2.89 2.72 2.66 2.50 2.40 2.34 2.00
7.98 8.02 7.88 7.94 8.14 7.91 7.17 6.14 6.37 6.14 6.01 5.90
60.72 61.67 62.50 61.17 61.78 63.95 64.86 65.95 65.88 66.21 66.86 67.30