Century Textiles & Industries Ltd. is a textile and paper manufacturing and export company. The primary activity is manufacturing yarn, cotton textiles, tire cords, sulphuric acid, denim, caustic soda, pulp, paper, salt, and viscose filament rayon yarn. It was founded in 1897, with its headquarters in Mumbai. During FY 2021-2022, the company recorded a total revenue of Rs 4,174 crore, with a total revenue growth of 55.85% from the previous financial year, 2020-2021. On 19 October 2022, Century Textiles & Industries Ltd.’s market capitalisation was worth Rs 9,113 crore.
The company is listed on the Bombay Stock Exchange with the code 500040, and on the National Stock Exchange with the code CENTURYTEX.
Century Textiles and Industries Ltd. started with a single-unit textile entity. It has transformed into a commercial powerhouse with operations in varied industries. The company has a substantial dominance in the international textile markets and exports its products to over 45 countries worldwide.
On 30 June 2022, the company’s shareholding pattern highlighted a promoter stake of 50.21%, a DII stake of 15.53%, an FII stake of 7.87%, and a public stake of 26.38%. Pilani Investment and Industries Corporation Ltd. is the leading promoter with a 33.11% share. In the June 2022 quarter, mutual funds holdings increased from 13.76% to 13.87%, and FII holdings increased from 7.32% to 7.87%.
The company’s management team includes Mr Kumar Mangalam Birla, Smt Rajashree Birla, Mr R K Dalmia, Mr Shohanlal K Jain, Mr Rajan A Dalal, Ms Preeti Vyas, and Mr Yazdi P Dandiwala. The auditors are SRBC & Co LLP. As of 30 June 2022, the company had a total of 11.17 crore shares outstanding.
On 19 October 2022, the company’s closing share price on BSE was Rs 815.60 and Rs 815.90 on NSE. The 52-week high price for Century Textiles and Industries Ltd.’s share was Rs 1,024, and the 52-week low price was Rs 685.70.
The company’s peers include ITC Ltd., Reliance Industries Partly Paid Up, SRF Ltd., and Grasim Industries Ltd.
As of September 2022, Taurus Infrastructure Fund had a 2.11% stake in the company, while Kotak Credit Risk Fund and Nippon India Liquid Fund had 1.63% and 0.48% stakes, respectively.
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