Century Enka Ltd

Century Enka Ltd

₹ 436 0.66%
18 Apr - 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 [1]
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 in NTCF and ~25% in NFY. 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.

  • Market Cap 953 Cr.
  • Current Price 436
  • High / Low 504 / 369
  • Stock P/E 25.8
  • Book Value 605
  • Dividend Yield 2.29 %
  • ROCE %
  • ROE %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.72 times its book value

Cons

  • Promoter holding is low: 24.9%
  • Earnings include an other income of Rs.33.5 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
567.79 563.39 468.25 472.62 428.50 396.40 450.57
506.60 525.67 447.58 449.99 407.30 387.26 435.04
Operating Profit 61.19 37.72 20.67 22.63 21.20 9.14 15.53
OPM % 10.78% 6.70% 4.41% 4.79% 4.95% 2.31% 3.45%
3.26 4.73 3.88 7.17 8.71 11.79 5.79
Interest 0.34 0.37 0.39 1.25 1.05 1.40 1.56
Depreciation 10.10 9.41 10.05 11.66 11.19 13.34 12.66
Profit before tax 54.01 32.67 14.11 16.89 17.67 6.19 7.10
Tax % 25.38% 21.76% 29.34% 14.21% 23.49% 30.69% 34.23%
40.30 25.56 9.97 14.49 13.52 4.29 4.67
EPS in Rs 18.44 11.70 4.56 6.63 6.19 1.96 2.14
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 TTM
2,072 1,748
1,930 1,680
Operating Profit 142 68
OPM % 7% 4%
19 33
Interest 2 5
Depreciation 41 49
Profit before tax 118 48
Tax % 23%
90 37
EPS in Rs 41.34 16.92
Dividend Payout % 24%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: %
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: %
Stock Price CAGR
10 Years: 11%
5 Years: 13%
3 Years: 21%
1 Year: 18%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Sep 2023
Equity Capital 22 22
Reserves 1,300 1,301
68 67
233 210
Total Liabilities 1,623 1,601
645 722
CWIP 106 85
Investments 344 278
528 516
Total Assets 1,623 1,601

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023
219
-251
29
Net Cash Flow -3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023
Debtor Days 38
Inventory Days 64
Days Payable 28
Cash Conversion Cycle 74
Working Capital Days 64
ROCE %

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
24.80% 24.80% 24.80% 24.80% 24.80% 24.80% 24.79% 24.79% 24.79% 24.79% 24.86% 24.86%
2.00% 3.25% 4.67% 4.88% 5.26% 5.35% 4.41% 3.62% 3.35% 3.42% 3.35% 2.95%
5.33% 5.35% 5.33% 5.34% 7.97% 7.92% 6.15% 5.20% 4.74% 5.11% 5.11% 6.27%
67.87% 66.61% 65.20% 64.98% 61.97% 61.94% 64.66% 66.39% 67.11% 66.68% 66.68% 65.91%
No. of Shareholders 40,60247,01946,59244,66544,23743,47243,14148,37347,22146,49443,98942,429

* 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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Documents

Concalls