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Century Textiles & Industries Ltd share Price Today

Company details

1,844.00
1,942.25
650.05
1,942.25
6M Return 60.74%
1Y Return 172.57%
Mkt Cap.(Cr) 20,786.63
Volume 597,291
Div Yield 0.27%
OI
-
OI Chg %
-
Volume 597,291

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Paper & Paper Products company Century Textiles & Industries announced Q3FY24 results:

Financial Highlights:

  • Net Sales:
    • Standalone: Q3FY24 reported a net sale of Rs 1,130 crore, showing a slight decrease from Q3FY23's Rs 1,149 crore, a change of approximately -2%.
    • Consolidated: A slight increase in net sales is observed in Q3FY24 with Rs 1,179 crore compared to Rs 1,150 crore in Q3FY23, reflecting a 3% increase.
  • EBITDA:
    • Standalone: Substantial growth in EBITDA from Rs 131 crore in Q3FY23 to Rs 251 crore in Q3FY24, a remarkable 92% increase.
    • Consolidated: EBITDA has grown to Rs 204 crore in Q3FY24 from Rs 80 crore in Q3FY23, which is a significant increase of 155%.
  • PAT (Profit After Tax):
    • Standalone: PAT soared to Rs 115 crore in Q3FY24 from Rs 33 crore in Q3FY23, marking a formidable increase of 249%.
    • Consolidated: PAT figures are not provided in the presented summary.

Operational Highlights

  • Pulp & Paper Business:
    • Sales volume saw a 24% increase in Q3FY24 compared to Q3FY23.
    • Sales Turnover rose more than 10% to surpass Rs 799 crore in Q3FY24 from the previous quarter Q2FY24.
    • Reported capacity utilization was 104% in Q3FY24, an improvement from 89% in Q2FY24.
  • Real Estate Business:
    • Began the delivery and handover process for Birla Alokya, Bengaluru.
    • Occupancy Certificate obtained for Birla Vanya, Kalyan, and Birla Navya, Gurugram, with handovers planned for Q4.
    • Transition to 100% green energy for Birla Aurora.
  • Textiles Business:
    • Noted a decrease in turnover by 16% to Rs 197 crore in Q3FY24 from Q2FY24's Rs 235 crore.
    • Capacity utilization has decreased slightly to 83% in Q3FY24 from 86% in Q2FY24.

Future Outlook

  • Pulp & Paper Business: Expected price corrections amidst improving export demand and tissue paper demand predicted to remain stable in the fourth quarter.
  • Real Estate Business: Anticipating consistent growth driven by luxury housing demand, with superior amenities and designs gaining buyer interest.
  • Textiles Business: The sector may see steadier growth focusing on sustainable value chains and digital printing technologies.

Commenting on the Q3FY24 results, R. K. Dalmia - Managing Director, Century Textiles and Industries (CTIL) said- "The company has showcased a remarkable turnaround this quarter as a testament to its resilience. Stellar performance by the Pulp and Paper business achieving higher production levels and sales volumes this quarter, as a result of various strategic initiatives. The Real Estate business not only initiated its maiden handover process in style but also contributed significantly to the bottom line in this quarter while continuing its steadfast growth. Meanwhile, our Textiles business continues to experience challenges due to subdued demand in export markets."

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Century Textiles & Industries Ltd shares SWOT Analysis

Strengths (13)

  • Strong Momentum: Price above short, medium and long term moving averages
  • New 52 week high today
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (3)

  • MFs decreased their shareholding last quarter
  • Degrowth in Revenue and Profit
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (5)

  • Turnaround companies- loss to profit QoQ
  • Negative to Positive growth in Sales and Profit with Strong Price momentum
  • Highest Recovery from 52 Week Low

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 1,889.6
R2 1,929.8
R3 1,999.6
Pivot

1,819.82

S1 1,779.7
S2 1,709.9
S3 1,669.7
EMA SMA
1,687.3
1,563.3
1,445.6
1,281.6
1,655.7
1,526.6
1,432.4
1,244.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
VANDERBILT UNIVERSITY Bulk Sell 2023-07-13 903.01 650000 BSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-11 830.3 121042 BSE
ISHARES MSCI INDIA SMALL-CAP ETF Block Purchase 2022-10-11 830.3 21978 BSE
Name Category Shares
Pilani Investment and Industries Corporation Limited PROMOTER 33.11%
IGH Holdings Private Limited PROMOTER 9.98%
Umang Commercial Company Private Limited PROMOTER 6.77%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Century Textiles & Industries Ltd Stocks COMPARISON

Financials( in Cr) Century Textiles & Industries Ltd JK Paper Ltd West Coast Paper Mills Ltd Seshasayee Paper & Boards Ltd Andhra Paper Ltd
Price 1,861.00 354.90 615.95 320.90 494.30
% Change 0.62 1.11 1.93 1.89 1
Mcap Cr 20,786.63 6,012.08 4,068.29 2,023.85 1,965.83
Revenue TTM Cr 4,799.65 6,772.17 4,920.76 2,082.80 2,097.66
Net Profit TTM Cr 264.55 1,208.22 1,087.01 395.83 522.46
PE TTM 136.32 5.27 4.64 5.98 4.18
1 Year Return 172.57 -5.28 9.93 22.48 7.90
ROCE 5.82 28.07 57.54 35.63 50.66
ROE 4.65 34.37 50.95 27.39 39.04
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 3,886.83 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 18,396.48 -4,381.83
LAST 3M 82,644.28 31,619.26
LAST 6M 141,441.37 66,162.53
LAST 12M 215,515.77 196,008.04

Century Textiles & Industries Ltd Information

Stock PE (TTM)
136.32
Promoter Holding
50.21%
Book Value
336.7494
ROCE
5.82%
ROE
4.65%
Description
  • 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.


    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Century Bhavan, Dr Annie Besant Road Worli, Mumbai, Maharashtra, 400030

Tel : 91-22-24957000
Email : ctil.secretarialdesk:adityabirla.com
Website : http://www.centurytextind.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 500040
NSE Code : CENTURYTEX
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE055A01016

FAQ’s on Century Textiles & Industries Ltd Shares

You can buy Century Textiles & Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Century Textiles & Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 22, 2024 03:14 PM the closing price of Century Textiles & Industries Ltd was ₹ 1,861.00.

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 Apr 22, 2024 03:14 PM, the market cap of Century Textiles & Industries Ltd stood at ₹ 20,786.63.

The latest PE ratio of Century Textiles & Industries Ltd as of Apr 22, 2024 03:14 PM is 136.32

The latest PB ratio of Century Textiles & Industries Ltd as of Apr 22, 2024 03:14 PM is 0.18

The 52-week high of Century Textiles & Industries Ltd share price is ₹ 1,942.25 while the 52-week low is ₹ 650.05

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