Century Textiles & Industries Ltd

About [ edit ]

Century Textiles and Industries Ltd has transformed from a single-unit textile entity in 1987 into a commercial powerhouse with interests in diverse industries. Currently, the business house is a trendsetter in cotton textiles and also has a remarkable presence in the Pulp and Paper and Real Estate sectors. #

Key Points [ edit ]
  • Market Cap 5,674 Cr.
  • Current Price 509
  • High / Low 550 / 219
  • Stock P/E 41.9
  • Book Value 318
  • Dividend Yield 0.59 %
  • ROCE 9.71 %
  • ROE 13.1 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 98.84% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 75.77%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -14.65% over past five years.
  • Tax rate seems low

Peer comparison

Sector: Paper Industry: Paper

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
982 974 1,079 951 940 875 885 877 787 399 611 772
738 714 814 752 729 686 712 713 679 369 547 686
Operating Profit 244 260 265 199 211 189 173 164 107 30 64 86
OPM % 25% 27% 25% 21% 22% 22% 20% 19% 14% 8% 10% 11%
Other Income 20 51 16 9 73 10 3 12 19 13 17 38
Interest 48 36 28 25 15 22 16 26 29 26 22 21
Depreciation 51 49 49 48 48 54 58 58 57 57 57 58
Profit before tax 166 226 204 135 221 123 101 92 40 -39 2 46
Tax % 35% 28% 31% 36% 41% 37% -99% 38% -183% 31% 82% -5%
Net Profit 109 163 141 86 131 77 202 57 114 -27 0 48
EPS in Rs 9.73 14.56 12.62 7.71 11.77 6.93 18.04 5.14 10.21 -2.41 0.03 4.30
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
3,816 4,453 4,760 4,873 5,949 6,675 7,559 7,967 7,645 3,898 3,944 3,424 2,569
3,254 3,604 4,101 4,447 5,371 5,948 6,907 7,291 6,721 3,092 2,980 2,790 2,282
Operating Profit 561 849 659 426 579 727 652 676 924 805 964 634 287
OPM % 15% 19% 14% 9% 10% 11% 9% 8% 12% 21% 24% 19% 11%
Other Income 93 9 42 27 26 19 48 52 62 138 5,673 43 88
Interest 103 101 118 172 320 363 485 588 551 212 102 93 97
Depreciation 232 234 240 258 356 355 249 283 313 199 193 228 229
Profit before tax 319 523 343 23 -71 28 -34 -143 122 532 6,342 357 49
Tax % 26% 35% 31% 2% 52% 90% 146% 33% 14% 30% 4% -26%
Net Profit 237 339 237 22 -34 3 15 -95 105 372 6,076 450 135
EPS in Rs 254.34 365.02 255.37 23.80 -37.09 2.92 1.53 -8.50 9.40 33.27 543.92 40.32 12.13
Dividend Payout % 18% 15% 22% 231% -148% 1,881% 360% -65% 59% 20% 1% 7%
Compounded Sales Growth
10 Years:-3%
5 Years:-15%
3 Years:-23%
TTM:-28%
Compounded Profit Growth
10 Years:1%
5 Years:99%
3 Years:57%
TTM:-71%
Stock Price CAGR
10 Years:14%
5 Years:18%
3 Years:-0%
1 Year:-0%
Return on Equity
10 Years:31%
5 Years:51%
3 Years:76%
Last Year:13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
93 93 93 93 93 93 102 112 112 112 112 112 112
Reserves 1,402 1,682 1,860 1,806 1,712 1,654 1,872 2,252 2,370 2,636 3,195 3,465 3,438
Borrowings 1,758 2,367 3,112 4,034 4,850 5,678 6,139 5,793 5,700 4,369 1,020 1,359 1,235
1,299 1,616 1,323 1,359 1,607 1,866 1,964 2,036 2,154 3,214 1,853 1,607 1,679
Total Liabilities 4,553 5,758 6,388 7,292 8,262 9,292 10,076 10,193 10,336 10,331 6,179 6,543 6,463
2,580 2,484 2,400 4,109 4,232 4,377 5,865 7,364 7,309 7,256 4,430 4,287 4,215
CWIP 228 1,287 1,998 1,112 1,711 2,229 784 70 34 35 274 174 193
Investments 47 58 68 71 74 97 495 177 258 223 265 274 406
1,698 1,928 1,922 2,000 2,244 2,589 2,932 2,582 2,734 2,817 1,209 1,807 1,649
Total Assets 4,553 5,758 6,388 7,292 8,262 9,292 10,076 10,193 10,336 10,331 6,179 6,543 6,463

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
674 613 485 349 494 591 380 1,020 940 2,209 624 401
-829 -1,096 -963 -1,030 -873 -758 -509 -357 -247 -195 -208 -487
175 469 467 689 384 185 147 -1,242 -175 -1,795 -677 227
Net Cash Flow 19 -14 -12 8 5 18 18 -579 518 219 -261 141

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 15% 19% 10% 4% 4% 6% 6% 6% 8% 10% 112% 10%
Debtor Days 14 18 24 25 25 29 32 24 24 39 19 19
Inventory Turnover 2.59 2.44 2.28 2.28 2.80 2.85 2.96 2.89 2.73 1.50 2.14 2.33

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
50.21 50.21 50.21 50.21 50.21 50.21 50.21 50.21 50.21 50.21 50.21 50.21
8.62 8.74 9.03 9.59 9.60 8.92 9.00 10.19 12.26 14.29 12.00 10.59
17.24 17.59 17.06 17.03 17.19 18.79 18.58 15.17 14.65 10.52 10.59 11.22
23.93 23.46 23.70 23.17 23.00 22.08 22.21 24.43 22.89 24.99 27.21 27.98

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