Century Extrusions Ltd - Stock Valuation and Financial Performance

BSE: 500083 | NSE: CENTEXT | Aluminium & Aluminium Products | Small Cap

Century Extrusions Share Price

20.88 -0.49 -2.29%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on Century Extrusions

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Century Extrusions stock performance -

mw4me loader
P/E Ratio (SA):
21.80
Market Cap:
172.2 Cr.
52-wk low:
16.4
52-wk high:
32.4

Is Century Extrusions Ltd an attractive stock to invest in?

1. Is Century Extrusions Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Century Extrusions Ltd is a average quality company.

2. Is Century Extrusions Ltd undervalued or overvalued?

The key valuation ratios of Century Extrusions Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Century Extrusions Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Century Extrusions Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Century Extrusions:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Century Extrusions Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 11.7%10.4%11.3%13.7%13.8%12.4%11.4%16.6%16.3%17.4%-
Value Creation
Index
-0.2-0.3-0.20.00.0-0.1-0.20.20.20.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 174168181236255231187322372375396
Sales YoY Gr.--3.4%7.5%30.7%8.1%-9.6%-18.8%72.1%15.4%0.8%-
Adj EPS 0.20.10.20.50.50.50.30.80.90.91
YoY Gr.--26.3%28.6%155.6%10.9%-9.8%-41.3%185.2%13%3.5%-
BVPS (₹) 4.64.84.95.45.96.36.67.48.19.19.8
Adj Net
Profit
1.51.11.43.74.13.72.26.277.28
Cash Flow from Ops. 10.34.82.65.2-2.621.121.7-7.913.711.4-
Debt/CF from Ops. 3.37.314.27.5-21.421.8-5.63.44.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.9%8%26%0.8%
Adj EPS 18.9%12%49.4%3.5%
BVPS7.8%9.3%11.4%12.2%
Share Price 25.6% 51% 35.8% 16.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
4.12.93.699.17.64.21111.310.510.5
Op. Profit
Mgn %
4.75.15.54.96.26.88.25.95.86.16.1
Net Profit
Mgn %
0.90.70.81.61.61.61.21.91.91.92
Debt to
Equity
0.90.90.90.91.20.90.80.80.70.70
Working Cap
Days
9910211010511513215010410010252
Cash Conv.
Cycle
4949535665789060584815

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 26.04%

Net Profit is growing at healthy rate in last 3 years 49.38%

Debt to equity has declined versus last 3 years average to 0.66

Return on Equity has declined versus last 3 years average to 10.50%

Sales growth is not so good in last 4 quarters at 8.15%

Latest Financials - Century Extrusions Ltd.

Standalone Consolidated
TTM EPS (₹) 1 -
TTM Sales (₹ Cr.) 396 -
BVPS (₹.) 9.8 -
Reserves (₹ Cr.) 70 -
P/BV 2.21 -
PE 21.80 -
From the Market
52 Week Low / High (₹) 16.40 / 32.39
All Time Low / High (₹) 0.34 / 32.39
Market Cap (₹ Cr.) 172
Equity (₹ Cr.) 8
Face Value (₹) 1
Industry PE 15.2

Management X-Ray of Century Extrusions:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *13.5413.5413.5413.5413.5413.5413.5413.5413.5413.54
* Pledged shares as % of Promoter's holding (%)

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Analyst's Notes

Key Ratios of Century Extrusions

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales174168181236255231187322372375
Operating Expenses 166159171224239215172304350352
Manufacturing Costs11111317171613222125
Material Costs136128135183195171137252292288
Employee Cost 10111213131412141618
Other Costs 99111214149162122
Operating Profit 891011161615192223
Operating Profit Margin (%) 4.7%5.1%5.5%4.8%6.2%6.8%8.2%5.9%5.8%6.1%
Other Income 4223120101
Interest 7776777899
Depreciation 3334455333
Exceptional Items 00000000-10
Profit Before Tax 11146539911
Tax 0001221233
Profit After Tax 1114442667
PAT Margin (%) 0.8%0.5%0.7%1.6%1.6%1.6%1.2%1.9%1.6%2.0%
Adjusted EPS (₹)0.20.10.20.50.50.50.30.80.80.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 37383943475053596573
Share Capital 8888888888
Reserves 29303135394245515765
Minority Interest0000000000
Debt29333637514037424144
Long Term Debt23437661374
Short Term Debt27303234443431293440
Trade Payables1310161116814231228
Others Liabilities 139812101412131414
Total Liabilities 929099103124112116137133159

Fixed Assets

Gross Block72727273748388909199
Accumulated Depreciation35394245505560636670
Net Fixed Assets37333028242828272529
CWIP 0000750000
Investments 0000000000
Inventories19192925383433433340
Trade Receivables20202229282624463435
Cash Equivalents 4323421131116
Others Assets13141718231818183038
Total Assets 929099103124112116137133159

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 10535-32122-81411
PBT 11146539911
Adjustment 67761011129119
Changes in Working Capital 3-2-6-5-1758-24-1-4
Tax Paid 0000-1-1-1-2-5-4
Cash Flow From Investing Activity -200-1-7-4-1-4-1-5
Capex -200-1-7-4-13-1-5
Net Investments 0000000000
Others 0000000-700
Cash Flow From Financing Activity -8-5-3-310-19-114-5-7
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -4-20-16-207-3-3
Interest Paid -6-6-6-5-6-7-70-7-7
Dividend Paid 0000000000
Others 232410-10-4-354
Net Cash Flow 00-121-29-880
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)3.962.433.59.048.997.64.2211.019.610.78
ROCE (%)11.710.4311.2613.6613.812.4211.3516.5716.3117.39
Asset Turnover Ratio2.082.062.132.42.251.961.642.552.762.57
PAT to CFO Conversion(x)10531.25-0.755.2511-1.332.331.57
Working Capital Days
Receivable Days42393839414249403934
Inventory Days35374340455665433735
Payable Days33343627252530272226

Century Extrusions Ltd Stock News

Century Extrusions Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Century Extrusions on 21-Nov-2024 16:59 is ₹20.88.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Century Extrusions stood at ₹172.2.
The latest P/E ratio of Century Extrusions as of 21-Nov-2024 16:59 is 21.80.
The latest P/B ratio of Century Extrusions as of 21-Nov-2024 16:59 is 2.21.
The 52-week high of Century Extrusions is ₹32.39 and the 52-week low is ₹16.40.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Century Extrusions is ₹395.7 ( Cr.) .

About Century Extrusions Ltd

Century Extrusion was incorporated in 1991, promoted by M P Jhunjhunwala, The company is engaged in the manufacture of aluminium extrusions since its inception. The company manufactures and supplies extrusions for various applications, such as architecture and hardware, road transport vehicles, railways, electrical and electronic applications, engineering applications, auto sector, consumer durables, defence applications, irrigation, etc. The company has an inventory of more than 2000 dies for manufacture of more than 1000 different profiles.

Century Extrusion is having market presence all over India with its sales offices at Bangalore, Chennai, Delhi, Hyderabad, Kanpur, Kolkata and Mumbai. The company supplies material through trade and also directly to the end-users. The ratio of sales to Trade and End-users is roughly 25:75.

The plant of the company is accredited with ISO-9001:2000 certification for its quality systems. It usually supply extrusions as per the tolerances laid down by the Bureau of India Standards in accordance with BIS: 6477-1983 and BIS – 2673 – 1979. Its processes are capable of meeting the dimensional, mechanical, electrical and composition requirements of international standards such as BS, DIN, JIS, ASTM and others.

Century Extrusion employs 130 staff members and 200 permanent workmen. It manufactures and supplies extrusions for various applications, such as architecture and hardware, road transport vehicles, railways, electrical and electronic applications, engineering applications, auto sector, consumer durables, defence applications, irrigation, etc. It has market presence all over India with its Sales Offices at Bangalore, Chennai, Delhi, Hyderabad, Kanpur, Kolkata and Mumbai. It supply material through Trade and also directly to the End-users. The ratio of sales to Trade and End-users is roughly 25:75.

The plant is located at Kharagpur in West Bengal, India. It has two extrusion presses of 1250MT and 1620MT capacities. The Company has complete in-house facilities for Die Manufacturing, Melting and Casting of Billets and a very well equipped Quality Assurance Department besides the Extrusion Shop. The main equipment -- extrusion presses have been manufactured by UBE Industries, Japan – 1620MT Press and M/s. Siddharth Industries, India – 1250MT Press. Its production capacity is 7500 MT of aluminium extruded products per annum.

The company has production facilities mainly comprising of a Re-melt Shop for casting billets, Tool Room for manufacture of Dies and two Extrusions Press Lines. The company’s manufacturing facilities consist of 3(three) oil-fired, fixed-hearth, reverberatory Melting-cum-Holding Furnaces of bath capacities 3MT, 6MT and 8MT. The D C Casting unit is flexible to cast 6” & 7” dia billets in alloys ranging from 1xxx to 7xxx series.

Molten metal treatment is carried out by Automatic Flux Feeder in conjunction with 'eco-friendly' nitrogen degassing. The presence of hydrogen gas in the molten metal is detected using a Gas Analyser. Further degassing is carried out, if required, prior to casting. Composition is determined using ARL Make Direct Reading Vacuum Emission Spectrometer.

With the 2 Extrusion Press lines – 1620MT (UBE , Japan) and 1250MT (indigenous) – both PLC controlled, the Company is able to cater to the requirements ranging from miniature profiles up to large-sized Bars in Soft, Medium and High Strength Alloys. The arrangement for taper quenching of billets ensures ‘ near-isothermal ' extrusions for achieving uniform property along the length of the extruded profiles / bars. The ‘in-house' heat treatment facility ensures good resilience in the Dies. Use of ‘ mastercam ' also assists in assessing the type of fit and the clearances required for the assembly of complementary profiles.

Product range

The company has an inventory of more than 2000 dies for manufacture of more than 1000 different profiles

  • Agricultural Appliances- Curtain walls, structural glazing, doors, windows, expandable grills, modular furniture, rolling shutters, drapery rods and paneling, etc
  • Transport- Angles, channels, decorative beedings, floor planks, garnish rails, bus and rail coaches.
  • Electrical, electronics- Antenna tubes, armour rods, electronic racks, lug stock, transmission lines.
  • Extrusions for industrial- Detonator shell, forging stock, heat sinks, irrigation tubes, knitting pin stocks, motor housing, profiles for air-conditioner, conveyors, ladders, solar panel,and for water filter, pump casting for hydullic gear pumps, etc.

Awards/Achievements

  • Its plant is accredited with ISO-9001:2000 certification for its quality systems.
  • Its testing facilities have also been approved by CQA (Metals) vide their letter No. CDN-747/TC dated 27.11.01 for supply of Defence Stores.
  • In 2007 the company crossed the Rs 10,000 lakh turnover mark.
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