Century Textiles & Industries Ltd

About

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. [1]

Key Points

Revenue Breakup
Paper & Pulp vertical of the company contributes most to its revenues at 72%, followed by Textiles business (24%) & Real Estate Business (4%). [1]

See full details
  • Market Cap 10,664 Cr.
  • Current Price 955
  • High / Low 965 / 301
  • Stock P/E 342
  • Book Value 314
  • Dividend Yield 0.31 %
  • ROCE 0.75 %
  • ROE -0.88 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 64.54%

Cons

  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost

Peer comparison

Sector: Paper Industry: Paper

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
1,079 951 940 875 885 877 786 400 607 770 839 842
814 754 739 698 733 731 714 384 559 700 769 739
Operating Profit 265 197 201 177 152 146 72 16 49 70 70 103
OPM % 25% 21% 21% 20% 17% 17% 9% 4% 8% 9% 8% 12%
Other Income 16 9 73 10 4 6 15 10 13 33 5 10
Interest 28 25 15 22 16 23 25 21 17 16 16 13
Depreciation 49 48 48 54 58 58 58 57 58 58 58 57
Profit before tax 204 133 211 110 82 71 4 -52 -13 29 2 43
Tax % 31% 37% 43% 41% -122% 49% -2,047% 23% -13% -8% 725% 51%
Net Profit 141 84 121 65 183 36 82 -40 -14 32 -8 22
EPS in Rs 12.62 7.54 10.83 5.78 16.36 3.21 7.35 -3.58 -1.26 2.87 -0.75 1.93

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
7,645 3,898 3,944 3,423 2,617 3,059
6,721 3,092 2,992 2,873 2,411 2,767
Operating Profit 924 805 951 550 205 292
OPM % 12% 21% 24% 16% 8% 10%
Other Income 62 138 5,673 32 62 62
Interest 551 212 102 87 71 62
Depreciation 313 199 193 229 231 231
Profit before tax 122 532 6,330 267 -35 61
Tax % 14% 30% 4% -35% 4%
Net Profit 105 372 6,063 365 -30 31
EPS in Rs 9.40 33.27 542.81 32.70 -2.73 2.79
Dividend Payout % 59% 20% 1% 9% -37%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:-12%
TTM:4%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-88%
Stock Price CAGR
10 Years:21%
5 Years:17%
3 Years:37%
1 Year:191%
Return on Equity
10 Years:%
5 Years:%
3 Years:65%
Last Year:-1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
112 112 112 112 112
Reserves 2,370 2,636 3,182 3,368 3,393
Borrowings 5,700 4,369 1,020 1,400 1,054
2,154 3,214 1,861 1,868 2,136
Total Liabilities 10,336 10,331 6,175 6,747 6,693
7,309 7,256 4,430 4,293 4,139
CWIP 34 35 275 176 210
Investments 258 223 183 107 238
2,734 2,817 1,287 2,171 2,106
Total Assets 10,336 10,331 6,175 6,747 6,693

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
940 2,209 548 -23 566
-247 -195 -123 -241 -92
-175 -1,795 -677 392 -471
Net Cash Flow 518 219 -253 128 4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 24 39 19 19 22
Inventory Days 232 328 174 362 486
Days Payable 116 190 130 133 200
Cash Conversion Cycle 140 178 64 248 308
Working Capital Days 14 3 10 73 77
ROCE % 10% 112% 8% 1%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
50.21 50.21 50.21 50.21 50.21 50.21 50.21 50.21 50.21 50.21 50.21 50.21
9.03 9.59 9.60 8.92 9.00 10.19 12.26 14.29 12.00 10.59 9.74 9.51
17.06 17.03 17.19 18.79 18.58 15.17 14.65 10.52 10.59 11.22 11.89 13.74
23.70 23.17 23.00 22.08 22.21 24.43 22.89 24.99 27.21 27.98 28.16 26.55

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