Past 10 year's financial track record analysis by Moneyworks4me indicates that Century Enka Ltd is a average quality company.
The key valuation ratios of Century Enka Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Century Enka Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 9.2% | 11.5% | 16.6% | 12.1% | 12.6% | 8.8% | 8.7% | 20.8% | 9.1% | 4.7% | - |
| Value Creation Index ⓘ | -0.4 | -0.2 | 0.2 | -0.1 | -0.1 | -0.4 | -0.4 | 0.5 | -0.4 | -0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,219 | 1,148 | 1,185 | 1,416 | 1,791 | 1,423 | 1,223 | 2,098 | 2,072 | 1,744 | 1,984 |
| Sales YoY Gr. | - | -5.8% | 3.2% | 19.5% | 26.5% | -20.5% | -14.1% | 71.6% | -1.2% | -15.8% | - |
| Adj EPS ⓘ | 17.7 | 29.2 | 43.9 | 23.1 | 33.2 | 36.9 | 27.3 | 80.8 | 38.7 | 16 | 33.7 |
| YoY Gr. | - | 64.4% | 50.6% | -47.3% | 43.4% | 11.1% | -26.1% | 196.4% | -52.1% | -58.7% | - |
| BVPS (₹) ⓘ | 323.8 | 356.1 | 391 | 412.3 | 437 | 469 | 498.4 | 572.4 | 605 | 625.9 | 641.1 |
| Adj Net Profit ⓘ | 38.8 | 63.7 | 96 | 50.6 | 72.5 | 80.6 | 59.6 | 177 | 84.6 | 34.9 | 74 |
| Cash Flow from Ops. ⓘ | 128 | 192 | 60.5 | 56.1 | 122 | 142 | 109 | 55.6 | 219 | 88.1 | - |
| Debt/CF from Ops. ⓘ | 1.2 | 0.4 | 0.9 | 0.8 | 0.3 | 0.1 | 0.1 | 0.2 | 0.3 | 0.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4.1% | -0.5% | 12.6% | -15.8% | ||||
| Adj EPS ⓘ | -1.2% | -13.6% | -16.3% | -58.7% | ||||
| BVPSⓘ | 7.6% | 7.5% | 7.9% | 3.5% | ||||
| Share Price | 14.4% | 28.1% | 13.8% | 48.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 5.5 | 8.5 | 11.8 | 5.8 | 7.8 | 8.1 | 5.6 | 15.1 | 6.6 | 2.6 | 5.3 |
| Op. Profit Mgn % ⓘ | 9.9 | 12.5 | 15.8 | 8.1 | 8.4 | 6.6 | 9.8 | 12.6 | 6.9 | 4.8 | 6.6 |
| Net Profit Mgn % ⓘ | 3.2 | 5.6 | 8.1 | 3.6 | 4.1 | 5.7 | 4.9 | 8.4 | 4.1 | 2 | 3.7 |
| Debt to Equity ⓘ | 0.2 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0 |
| Working Cap Days ⓘ | 130 | 115 | 105 | 115 | 98 | 120 | 138 | 96 | 101 | 109 | 79 |
| Cash Conv. Cycle ⓘ | 91 | 83 | 81 | 86 | 68 | 77 | 81 | 60 | 67 | 72 | 57 |
Sales growth is growing at healthy rate in last 3 years 12.57%
Sales growth is good in last 4 quarters at 13.48%
Return on Equity has declined versus last 3 years average to 5.30%
Net Profit has been subdued in last 3 years -16.31%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 33.7 | 32.3 |
| TTM Sales (₹ Cr.) | 1,984 | 1,984 |
| BVPS (₹.) ⓘ | 641.1 | 639.6 |
| Reserves (₹ Cr.) ⓘ | 1,379 | 1,376 |
| P/BV ⓘ | 0.97 | 0.98 |
| PE ⓘ | 18.56 | 19.31 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 379.90 / 863.90 |
| All Time Low / High (₹) | 25.50 / 863.90 |
| Market Cap (₹ Cr.) | 1,365 |
| Equity (₹ Cr.) | 21.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 26.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,219 | 1,148 | 1,185 | 1,416 | 1,791 | 1,423 | 1,223 | 2,098 | 2,072 | 1,744 |
| Operating Expenses ⓘ | 1,103 | 1,007 | 1,003 | 1,305 | 1,641 | 1,330 | 1,102 | 1,834 | 1,930 | 1,661 |
| Manufacturing Costs | 230 | 233 | 252 | 275 | 317 | 295 | 233 | 324 | 360 | 328 |
| Material Costs | 761 | 662 | 630 | 890 | 1,169 | 880 | 715 | 1,327 | 1,385 | 1,148 |
| Employee Cost | 71 | 73 | 78 | 88 | 94 | 100 | 101 | 115 | 120 | 122 |
| Other Costs ⓘ | 41 | 39 | 44 | 51 | 60 | 56 | 53 | 68 | 66 | 63 |
| Operating Profit ⓘ | 116 | 142 | 182 | 112 | 151 | 93 | 120 | 264 | 142 | 83 |
| Operating Profit Margin (%) | 9.5% | 12.4% | 15.3% | 7.9% | 8.4% | 6.5% | 9.8% | 12.6% | 6.9% | 4.7% |
| Other Income ⓘ | 7 | 4 | 15 | 18 | 22 | 42 | 22 | 21 | 19 | 33 |
| Interest ⓘ | 17 | 10 | 6 | 3 | 3 | 3 | 2 | 1 | 2 | 5 |
| Depreciation ⓘ | 43 | 41 | 42 | 42 | 45 | 46 | 41 | 40 | 41 | 50 |
| Exceptional Items ⓘ | 0 | -8 | -10 | 25 | -5 | 0 | -8 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 63 | 88 | 140 | 109 | 119 | 86 | 92 | 244 | 118 | 61 |
| Tax ⓘ | 26 | 29 | 49 | 39 | 43 | -9 | 21 | 60 | 27 | 15 |
| Profit After Tax | 37 | 59 | 91 | 70 | 77 | 96 | 71 | 184 | 90 | 46 |
| PAT Margin (%) | 3.0% | 5.1% | 7.7% | 4.9% | 4.3% | 6.7% | 5.8% | 8.8% | 4.4% | 2.6% |
| Adjusted EPS (₹) | 16.7 | 27.1 | 41.6 | 32.1 | 35.1 | 43.7 | 32.5 | 84.3 | 41.4 | 21.0 |
| Dividend Payout Ratio (%) | 36% | 28% | 17% | 22% | 20% | 18% | 25% | 12% | 24% | 48% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 716 | 778 | 854 | 901 | 955 | 1,025 | 1,089 | 1,251 | 1,322 | 1,368 |
| Share Capital ⓘ | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves ⓘ | 694 | 756 | 833 | 879 | 933 | 1,003 | 1,067 | 1,229 | 1,300 | 1,346 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 140 | 55 | 38 | 31 | 21 | 10 | 5 | 6 | 49 | 34 |
| Long Term Debt | 66 | 51 | 37 | 31 | 21 | 10 | 5 | 6 | 49 | 34 |
| Short Term Debt | 74 | 4 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 33 | 32 | 68 | 72 | 93 | 104 | 127 | 121 | 108 | 129 |
| Others Liabilities ⓘ | 235 | 151 | 159 | 160 | 162 | 125 | 119 | 145 | 144 | 157 |
| Total Liabilities ⓘ | 1,124 | 1,016 | 1,119 | 1,164 | 1,231 | 1,264 | 1,340 | 1,523 | 1,623 | 1,688 |
Fixed Assets | ||||||||||
| Gross Block | 1,681 | 649 | 643 | 690 | 692 | 709 | 718 | 740 | 948 | 1,158 |
| Accumulated Depreciation | 1,069 | 47 | 74 | 116 | 144 | 182 | 227 | 264 | 304 | 352 |
| Net Fixed Assetsⓘ | 612 | 602 | 569 | 575 | 548 | 528 | 492 | 476 | 645 | 806 |
| CWIP ⓘ | 12 | 2 | 6 | 4 | 2 | 3 | 2 | 68 | 106 | 4 |
| Investmentsⓘ | 9 | 80 | 98 | 87 | 168 | 262 | 302 | 260 | 344 | 345 |
| Inventories | 203 | 147 | 231 | 219 | 217 | 232 | 191 | 308 | 243 | 269 |
| Trade Receivables | 164 | 156 | 189 | 207 | 205 | 152 | 232 | 239 | 217 | 197 |
| Cash Equivalents | 5 | 6 | 4 | 25 | 7 | 6 | 60 | 72 | 16 | 4 |
| Others Assetsⓘ | 119 | 24 | 23 | 48 | 84 | 80 | 61 | 99 | 51 | 62 |
| Total Assets ⓘ | 1,124 | 1,016 | 1,119 | 1,164 | 1,231 | 1,264 | 1,340 | 1,523 | 1,623 | 1,688 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 128 | 192 | 61 | 56 | 122 | 142 | 109 | 56 | 219 | 88 |
| PBT ⓘ | 63 | 88 | 140 | 109 | 119 | 86 | 92 | 244 | 118 | 61 |
| Adjustment ⓘ | 56 | 54 | 46 | 6 | 38 | 29 | 40 | 24 | 27 | 24 |
| Changes in Working Capital ⓘ | 31 | 74 | -79 | -28 | 10 | 43 | 6 | -153 | 105 | 11 |
| Tax Paid ⓘ | -21 | -24 | -47 | -31 | -44 | -17 | -29 | -60 | -31 | -7 |
| Cash Flow From Investing Activity ⓘ | -53 | -83 | -20 | -8 | -110 | -104 | -76 | -41 | -251 | -47 |
| Capex | -54 | -22 | -22 | -21 | -38 | -19 | -12 | -81 | -236 | -101 |
| Net Investments | 0 | -63 | -5 | 13 | -77 | -87 | -64 | 32 | -25 | 41 |
| Others ⓘ | 1 | 1 | 7 | 0 | 5 | 1 | 0 | 7 | 9 | 13 |
| Cash Flow From Financing Activityⓘ | -76 | -108 | -43 | -28 | -31 | -38 | -29 | -17 | 29 | -43 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 11 | -12 | -14 | -5 | -9 | -16 | -9 | 2 | 53 | -15 |
| Interest Paid ⓘ | -17 | -10 | -6 | -4 | -4 | -4 | -1 | -1 | -2 | -5 |
| Dividend Paid ⓘ | -15 | -16 | -16 | -15 | -15 | -15 | -17 | -17 | -22 | -22 |
| Others ⓘ | -54 | -70 | -6 | -4 | -3 | -3 | -1 | -1 | -1 | -1 |
| Net Cash Flow ⓘ | -1 | 1 | -2 | 20 | -18 | -1 | 4 | -3 | -3 | -2 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 5.23 | 7.96 | 11.15 | 7.99 | 8.25 | 9.65 | 6.71 | 15.74 | 7.03 | 3.41 |
| ROCE (%) | 9.16 | 11.45 | 16.57 | 12.12 | 12.63 | 8.84 | 8.72 | 20.81 | 9.08 | 4.71 |
| Asset Turnover Ratio | 1.22 | 1.2 | 1.25 | 1.28 | 1.5 | 1.14 | 0.94 | 1.47 | 1.32 | 1.05 |
| PAT to CFO Conversion(x) | 3.46 | 3.25 | 0.67 | 0.8 | 1.58 | 1.48 | 1.54 | 0.3 | 2.43 | 1.91 | Working Capital Days |
| Receivable Days | 47 | 45 | 47 | 50 | 42 | 46 | 57 | 41 | 40 | 43 |
| Inventory Days | 55 | 50 | 51 | 56 | 44 | 57 | 63 | 43 | 49 | 54 |
| Payable Days | 17 | 18 | 29 | 29 | 26 | 41 | 59 | 34 | 30 | 38 |
Century Enka Limited was established in 1965, as a joint venture of the B K Birla group and Accordis group of Netherland. In 2006 Acordis Overseas Investment an associate of Dutch company Acordis, sold its entire stake in the company in the favour of B K Birla Group.
It manufactures nylon and other man-made fibres and fabrics. Nylon yarn is marketed in India under the trade mark ‘Enkalon’. The company produces jumbo beams, specialty yarns, industrial/fiber grade chips, industrial yarns and tyre-cord fabrics. Its yarns are used as reinforcing material in tyres, conveyor belts, V-belts, hoses, ropes and cordage, and broad and narrow woven. After completing the first phase of modernization, the company launched draw warper jumbo beams for the first time in India. The product is focused for manufacturing of premium fabrics made from zero twist-sized warp yarn on hi-tech German make draw warping machines.
Century Enka Limited (CEL) has three plants with state of the art technology viz. Century Enka Ltd. - Pune, Konkan Synthetic Fibres - Mahad in Maharashtra & Rajashree Polyfil - Bharuch in Gujrat producing Nylon & Polyester Filament Yarns (Textile grade), POY, Jumbo Beams, Speciality Yarns, Industrial/Fibre grade Chips, Industrial Yarns & Tyre Cord Fabrics.
CEL has an installed capacity of 1,10,000 tonnes per annum of Nylon Chips/NFY & Polyester Chips/PFY, with 12,000 tons/annum of Industrial Filament/Tyre Cord Fabric.Century Enka Ltd. has been continuously striving for modern technology to manufacture global standard quality of Nylon and Polyester Filament Yarns.
CEL is committed towards values of quality, innovation & fair business practices for complete customer satisfaction.
Century Enka Limited has emerged as a leading Nylon Filament yarn manufacturer in India with commitment of modern technology to manufacture global standard quality Nylon Filament Products. We have set upon a mission to Re-Define Nylon Quality Standards in Indian Market.
In pursuit of the above goals, CEL has introduced for the first time in India Nylon Flat Yarn on paper tube packages, produced from latest generation Draw-Winder machines.This provides flexibility to supply unit package weight of upto 8 kg, which is ideally suitable for high speed processing machines (TFOs) at customer's end. Apart from package weight, Draw-winder products of CEL are superior in terms of Yarn characteristics, viz. Unwinding performance, runnability & Improved Tenacity as compared to Cops and FDY (Spin-Draw) HOY products.
It also provides complete freedom from Cops administration and collection, which is a nightmare for both Customers as well as Dealers/Agents.
After completing the first phase of modernization, CEL has now launched Draw Warper Jumbo Beams.
For the first time In India, these products are being focused towards manufacturing of premium fabrics made from Zero Twist Sized Warp Yarns. These products are being produced on world class superior Hi-Tech German Make Draw Warping Machines. This modern technology, which had been available only in the international market, has now been available to the domestic consumers. It will open up new opportunities for growth in nylon Industry, in terms of volumes as well as new quality fabric creations.
Century Enka Limited, Pune site and its division is known as ‘Konkan Synthetic Fibres’ (both units viz. POY and PY) in Mahad (Dist. Raigad) & ‘Rajashree Polyfil’ in Umalla (Dist. Bharuch), aim at improvements on continuous basis in all areas of its business operations with distinct focus on manufacturing process and product through modern technology and Providing satisfaction to customers.
Product range
CEL has introduced for the first time in India Nylon Flat Yarn on paper tube packages, produced from latest generation Draw-Winder machines.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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