Century Textlies And Industries Limited
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.
Services
The main business activity involves manufacture of cotton textiles, yarn, denim, viscose filament rayon yarn, tire-cords, caustic soda, sulphuric acid, salt, pulp, and paper. The company also has a presence in the international textile markets and exports its products to more than 45 countries.
Shareholding Pattern
- Public Group
- Promoters
Financial Summary
| Particulars | March 2021 | March 2022 | March 2023 |
| Sales | 4,800 | 4,131 | 2,617 |
| Sales Growth % | 16.19% | 57.88% | -23.57% |
| Operating Profit | 525 | 444 | 205 |
| OPM % | 11% | 11% | 8% |
| Profit before tax | 406 | 212 | -35 |
| YOY Growth | 7% | 7% | – |
| EPS in Rs | 19.17 | 29.78 | 26.41 |
Synopsis of Financials
- Sales has increased due to increase in Paper and Pulp Products.
- Moreover, within India Business has also Increased.
- Profit of the company has grown majorly due to timley production and Delivery.
Final Outlook
The Indian textile industry is expected to grow in the coming years, driven by increasing domestic demand and government initiatives. However, competition from domestic and international players remains intense. The pulp and paper segment faces headwinds due to environmental concerns and digitalization. Real estate might offer some growth potential, but depends on specific projects and market conditions.
For conservative investors: Holding or selling might be preferable due to low profitability, high valuation, and bearish technical indicators.
For moderate investors: Holding with close monitoring could be an option, expecting potential benefits from industry growth and technical indicators suggesting a reversal.
For aggressive investors: A small buy could be considered if you believe in the company’s turnaround potential and are comfortable with high risk. The past five-year figure is not good but since 3-year company doing outperform and give a more then a decent return. The balance sheet and income statement show the massive growth in Revenue and the Projects under management.
Disclaimer: The information provided here is for general informational purposes only and should not be considered as professional financial, investment, or legal advice. The user assumes all risks associated with their use of the information.
Century-Textile-INdustries-Limited