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Century Enka

BSE:500280
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
500280
BSE
₹5B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Century Enka Limited manufactures and sells synthetic yarns in India and internationally. The last earnings update was 4 days ago. More info.


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500280 Share Price and Events
7 Day Returns
0.4%
BSE:500280
1.7%
IN Luxury
4.1%
IN Market
1 Year Returns
-27.1%
BSE:500280
2.5%
IN Luxury
0.1%
IN Market
500280 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Century Enka (500280) 0.4% -2.3% -8.2% -27.1% 9.6% 37.2%
IN Luxury 1.7% -1.5% 8.7% 2.5% 54.8% 137.2%
IN Market 4.1% -0.5% 7.6% 0.1% 35.2% 47.8%
1 Year Return vs Industry and Market
  • 500280 underperformed the Luxury industry which returned 2.5% over the past year.
  • 500280 underperformed the Market in India which returned 0.1% over the past year.
Price Volatility
500280
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Century Enka undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Century Enka to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Century Enka.

BSE:500280 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 14.6%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:500280
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.715 (1 + (1- 35%) (4.26%))
0.823
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.823 * 8.6%)
14.62%

Discounted Cash Flow Calculation for BSE:500280 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Century Enka is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:500280 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 14.62%)
2019 282.93 Est @ 12.3% 246.83
2020 313.70 Est @ 10.88% 238.76
2021 344.69 Est @ 9.88% 228.87
2022 376.33 Est @ 9.18% 218.00
2023 409.04 Est @ 8.69% 206.72
2024 443.19 Est @ 8.35% 195.40
2025 479.13 Est @ 8.11% 184.29
2026 517.17 Est @ 7.94% 173.54
2027 557.64 Est @ 7.82% 163.25
2028 600.81 Est @ 7.74% 153.44
Present value of next 10 years cash flows ₹2,009.10
BSE:500280 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹600.81 × (1 + 7.55%) ÷ (14.62% – 7.55%)
₹9,133.42
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹9,133.42 ÷ (1 + 14.62%)10
₹2,332.64
BSE:500280 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹2,009.10 + ₹2,332.64
₹4,341.75
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹4,341.75 / 21.85
₹198.7
BSE:500280 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹198.70
Current discount Discount to share price of ₹225.95
= -1 x (₹225.95 - ₹198.70) / ₹198.70
-13.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Century Enka is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Century Enka's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Century Enka's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:500280 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹35.05
BSE:500280 Share Price ** BSE (2019-05-24) in INR ₹225.95
India Luxury Industry PE Ratio Median Figure of 241 Publicly-Listed Luxury Companies 11.46x
India Market PE Ratio Median Figure of 2,781 Publicly-Listed Companies 15.78x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Century Enka.

BSE:500280 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:500280 Share Price ÷ EPS (both in INR)

= 225.95 ÷ 35.05

6.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Century Enka is good value based on earnings compared to the IN Luxury industry average.
  • Century Enka is good value based on earnings compared to the India market.
Price based on expected Growth
Does Century Enka's expected growth come at a high price?
Raw Data
BSE:500280 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
5.2%per year
India Luxury Industry PEG Ratio Median Figure of 24 Publicly-Listed Luxury Companies 0.91x
India Market PEG Ratio Median Figure of 559 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Century Enka, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Century Enka's assets?
Raw Data
BSE:500280 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹436.67
BSE:500280 Share Price * BSE (2019-05-24) in INR ₹225.95
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.73x
India Market PB Ratio Median Figure of 3,644 Publicly-Listed Companies 1.06x
BSE:500280 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:500280 Share Price ÷ Book Value per Share (both in INR)

= 225.95 ÷ 436.67

0.52x

* Primary Listing of Century Enka.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Century Enka is good value based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Century Enka's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Century Enka has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Century Enka expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Century Enka, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Century Enka expected to grow at an attractive rate?
  • Century Enka's earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Century Enka's earnings growth is positive but not above the India market average.
  • Unable to compare Century Enka's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:500280 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:500280 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 5.2%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 17.8%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 14.3%
India Market Earnings Growth Rate Market Cap Weighted Average 16.9%
India Market Revenue Growth Rate Market Cap Weighted Average 10.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:500280 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:500280 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BSE:500280 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 18,130 766
2018-12-31 17,670 832
2018-09-30 16,577 915
2018-06-30 14,849 864
2018-03-31 14,165 561 701
2017-12-31 13,638 762
2017-09-30 12,824 737
2017-06-30 12,593 746
2017-03-31 11,853 605 910
2016-12-31 11,061 878
2016-09-30 10,939 765
2016-06-30 11,047 690

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Century Enka's earnings are expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Century Enka is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:500280 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Century Enka Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:500280 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BSE:500280 Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 35.05
2018-12-31 38.09
2018-09-30 41.90
2018-06-30 39.56
2018-03-31 32.08
2017-12-31 34.87
2017-09-30 33.72
2017-06-30 34.12
2017-03-31 41.63
2016-12-31 40.18
2016-09-30 35.03
2016-06-30 31.56

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Century Enka will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Century Enka's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Century Enka has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Century Enka performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Century Enka's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Century Enka's year on year earnings growth rate has been positive over the past 5 years.
  • Century Enka's 1-year earnings growth is less than its 5-year average (9.3% vs 13.4%)
  • Century Enka's earnings growth has not exceeded the IN Luxury industry average in the past year (9.3% vs 15.8%).
Earnings and Revenue History
Century Enka's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Century Enka Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:500280 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 18,130.10 765.80 944.50
2018-12-31 17,669.80 832.30 950.40
2018-09-30 16,577.40 915.30 933.60
2018-06-30 14,848.80 864.40 918.40
2018-03-31 14,164.80 700.90 894.50
2017-12-31 13,638.20 762.00 848.40
2017-09-30 12,823.60 737.00 817.60
2017-06-30 12,593.10 745.70 792.00
2017-03-31 11,853.10 909.70 785.90
2016-12-31 11,060.70 877.90 757.80
2016-09-30 10,938.90 765.40 754.20
2016-06-30 11,047.20 689.60 733.00
2016-03-31 11,484.80 591.00 732.30
2015-12-31 11,718.30 413.40 906.30
2015-09-30 11,952.60 401.60 893.80
2015-06-30 12,169.80 415.40 875.60
2015-03-31 12,185.30 365.70 716.60
2014-12-31 12,332.40 466.00 859.70
2014-09-30 12,860.80 473.40 832.80
2014-06-30 13,652.60 563.80 601.60
2014-03-31 14,667.90 629.30 768.60
2013-12-31 15,062.00 562.00 720.00
2013-09-30 15,405.10 515.50 717.30
2013-06-30 15,371.90 344.10 724.80
2013-03-31 15,521.70 218.90 729.00
2012-12-31 15,925.30 248.10 762.10
2012-09-30 16,274.10 42.80 768.00
2012-06-30 16,667.30 30.30 764.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Century Enka has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Century Enka used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Century Enka has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Century Enka's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Century Enka has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Century Enka's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Century Enka's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Century Enka is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Century Enka's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Century Enka's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 31.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Century Enka Company Filings, last reported 1 month ago.

BSE:500280 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 9,548.70 210.20 1,659.70
2018-12-31 9,236.10 391.70 1,595.90
2018-09-30 9,236.10 391.70 1,595.90
2018-06-30 9,009.00 469.50 968.50
2018-03-31 9,009.00 469.50 968.50
2017-12-31 8,565.50 452.30 1,282.10
2017-09-30 8,565.50 452.30 1,282.10
2017-06-30 8,543.60 525.30 820.90
2017-03-31 8,543.60 525.30 813.40
2016-12-31 8,138.60 586.20 1,235.10
2016-09-30 8,138.60 586.20 1,235.10
2016-06-30 7,558.80 697.00 704.50
2016-03-31 7,780.20 697.00 708.80
2015-12-31 7,409.20 628.50 237.40
2015-09-30 7,409.20 628.50 237.40
2015-06-30 7,161.40 1,521.30 53.90
2015-03-31 7,161.40 1,521.30 53.90
2014-12-31 7,180.20 1,493.50 49.20
2014-09-30 7,180.20 1,493.50 49.20
2014-06-30 7,011.30 2,051.80 61.10
2014-03-31 7,011.30 1,948.10 61.10
2013-12-31 6,904.90 2,316.40 58.10
2013-09-30 6,904.90 2,316.40 58.10
2013-06-30 6,538.30 2,767.30 48.50
2013-03-31 6,538.30 2,767.30 48.50
2012-12-31 6,546.10 3,237.40 15.50
2012-09-30 6,546.10 3,237.40 15.50
2012-06-30 6,475.90 3,524.30 42.10
  • Century Enka's level of debt (2.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (27.8% vs 2.2% today).
  • Debt is well covered by operating cash flow (267%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 36.7x coverage).
X
Financial health checks
We assess Century Enka's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Century Enka has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Century Enka's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.1%
Current annual income from Century Enka dividends.
If you bought ₹2,000 of Century Enka shares you are expected to receive ₹62 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Century Enka's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.53%).
  • Century Enka's dividend is above the markets top 25% of dividend payers in India (1.98%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:500280 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 107 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1407 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:500280 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
BSE:500280 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-05-04 7.000 2.671
2017-08-11 7.000 2.088
2017-05-10 7.000 1.844
2016-05-12 6.000 2.191
2015-06-17 6.000 3.276
2015-05-05 6.000 3.765
2014-08-11 6.000 3.636
2014-05-05 6.000 3.558
2013-06-12 6.000 4.873
2013-05-15 6.000 5.367
2012-07-03 5.000 4.256
2011-05-02 6.500 4.910
2010-05-04 6.000 2.811
2010-05-03 6.000 2.115
2009-06-01 5.000 2.823

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Century Enka's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Century Enka's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Century Enka afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Century Enka has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Century Enka's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Omprakash Chitlange
COMPENSATION ₹26,192,598
AGE 61
TENURE AS CEO 2 years
CEO Bio

Mr. Omprakash Ramlal Chitlange has been Managing Director and Whole-Time Director of Century Enka Limited since May 17, 2017 and May 16, 2017, respectively. Mr. Chitlange served as Senior President of Century Rayon, Tyrecord & Chemicals at Century Textiles and Industries Ltd. since 2008 until January 31, 2018. He served as Joint President, Finance - Rayon Division of Century Textiles and Industries Ltd. He served as Joint President of Rayon & Shipping - Century Rayon at Century Textiles & Industries Ltd.

CEO Compensation
  • Insufficient data for Omprakash to compare compensation growth.
  • Omprakash's remuneration is higher than average for companies of similar size in India.
Management Team

Omprakash Chitlange

TITLE
MD & Whole-Time Director
COMPENSATION
₹26M
AGE
61
TENURE
2 yrs

Krishnagopal Ladsaria

TITLE
Chief Financial Officer
COMPENSATION
₹8M
TENURE
2.3 yrs

Chitranjandas Gagrani

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹4M
Board of Directors Tenure

Average tenure and age of the Century Enka board of directors in years:

4.5
Average Tenure
71.5
Average Age
  • The tenure for the Century Enka board of directors is about average.
Board of Directors

Basant Birla

TITLE
Chairman
COMPENSATION
₹515K
AGE
97
TENURE
12.3 yrs

Omprakash Chitlange

TITLE
MD & Whole-Time Director
COMPENSATION
₹26M
AGE
61
TENURE
2 yrs

Rajashree Birla

TITLE
Vice Chairperson
COMPENSATION
₹515K
AGE
75
TENURE
3.3 yrs

Bansi Mehta

TITLE
Non Executive & Independent Director
COMPENSATION
₹1M
AGE
83

Sohanlal Jain

TITLE
Non Executive & Independent Director
COMPENSATION
₹635K
AGE
68
TENURE
9.5 yrs

Krishna Thar

TITLE
Independent Director
COMPENSATION
₹635K
AGE
59
TENURE
4.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
06. Jul 18 Sell Kesoram Industries Limited Company 04. Jul 18 04. Jul 18 -4,737 ₹247.21 ₹-1,171,022
14. Jun 18 Sell Kesoram Industries Limited Company 12. Jun 18 13. Jun 18 -3,263 ₹300.03 ₹-978,642
X
Management checks
We assess Century Enka's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Century Enka has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Century Enka Limited manufactures and sells synthetic yarns in India and internationally. The company offers nylon tyre cord fabrics, including yarn, greige fabrics, and dipped fabrics for reinforcement of bias tires, which are used in motor cycles, scooters, light commercial vehicles, heavy commercial vehicles, and off the road. It also provides nylon filament yarns, such as mono filament, mother, multifilament, and tow yarns for use in stockings and clothing of various types in the apparel industry. In addition, the company offers nylon chips of industrial and fabric grade, as well as nylon industrial yarn. Century Enka Limited was founded in 1965 and is based in Pune, India.

Details
Name: Century Enka Limited
500280
Exchange: BSE
Founded: 1965
₹4,937,140,584
21,850,589
Website: http://www.centuryenka.com
Address: Century Enka Limited
Plot no. 72 & 72-A,
MIDC Bhosari,
Pune,
Maharashtra, 411026,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 500280 Equity Shares Mumbai Stock Exchange IN INR 10. May 1995
NSEI CENTENKA Equity Shares National Stock Exchange of India IN INR 10. May 1995
Number of employees
Current staff
Staff numbers
1,519
Century Enka employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/25 12:41
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2018/05/03
Last earnings filing: 2019/05/21
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.