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Last Updated on: 20 September, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 500083 | NSE: CENTEXT

Century Extrusions Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: September 19, 2024, 11:49 pm

Market Cap 197 Cr.
Current Price 24.6
High / Low32.4/14.5
Stock P/E25.5
Book Value 9.13
Dividend Yield0.00 %
ROCE17.1 %
ROE10.5 %
Face Value 1.00
PEG Ratio0.87

Stock P/E, Current Price, and Intrinsic Value Over Time

Competitors of Century Extrusions Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Golkonda Aluminium Extrusions Ltd 7.21 Cr. 13.721.9/12.67.67 15.40.00 %3.38 %3.38 % 10.0
Century Extrusions Ltd 197 Cr. 24.632.4/14.525.5 9.130.00 %17.1 %10.5 % 1.00
Industry Average197.00 Cr19.1516.5912.270.00%10.24%6.94%5.50

All Competitor Stocks of Century Extrusions Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales66.1473.2684.1498.9296.0195.9199.9280.1791.6995.6795.4492.30101.42
Expenses61.6168.5580.0793.3090.0390.7294.8974.6586.3389.5489.8686.6495.11
Operating Profit4.534.714.075.625.985.195.035.525.366.135.585.666.31
OPM %6.85%6.43%4.84%5.68%6.23%5.41%5.03%6.89%5.85%6.41%5.85%6.13%6.22%
Other Income0.060.090.150.410.23-0.080.07-1.340.210.080.070.510.08
Interest1.871.891.891.952.072.382.302.162.072.392.352.552.25
Depreciation1.320.570.720.781.070.700.670.610.730.690.741.190.87
Profit before tax1.402.341.613.303.072.032.131.412.773.132.562.433.27
Tax %27.14%34.19%36.02%21.82%25.41%24.14%22.07%65.96%26.71%25.56%24.22%52.67%25.69%
Net Profit1.021.541.032.582.291.541.660.482.032.331.941.152.43
EPS in Rs0.130.190.130.320.290.190.210.060.250.290.240.140.30

Last Updated: September 12, 2024, 2:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 12, 2024, 2:16 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales178190174168180236255231187322372375385
Expenses170183166159170225239215172304350352361
Operating Profit8789101116161519222324
OPM %4%4%5%5%5%5%6%7%8%6%6%6%6%
Other Income4342231201-111
Interest88777677789910
Depreciation4433344553333
Profit before tax-0-31114653991111
Tax %-90%-59%-38%-62%4%15%29%31%30%29%31%32%
Net Profit-0-111144426678
EPS in Rs-0.00-0.130.180.110.170.460.500.460.270.770.750.930.97
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)200.00%0.00%0.00%300.00%0.00%0.00%-50.00%200.00%0.00%16.67%
Change in YoY Net Profit Growth (%)0.00%-200.00%0.00%300.00%-300.00%0.00%-50.00%250.00%-200.00%16.67%

Century Extrusions Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:8%
3 Years:26%
TTM:5%
Compounded Profit Growth
10 Years:26%
5 Years:12%
3 Years:49%
TTM:27%
Stock Price CAGR
10 Years:30%
5 Years:53%
3 Years:38%
1 Year:33%
Return on Equity
10 Years:8%
5 Years:9%
3 Years:11%
Last Year:10%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital888888888888
Reserves282829303135394245515765
Borrowings453934353639554340444748
Other Liabilities192121182523231824332138
Total Liabilities101959291101104125112117137133159
Fixed Assets423837333028242828272529
CWIP000000750000
Investments000000000000
Other Assets595756587076948088110108129
Total Assets101959291101104125112117137133159

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 31110535-32122-81411
Cash from Investing Activity -3-1-20-0-1-7-4-1-4-1-5
Cash from Financing Activity 1-10-8-5-3-310-19-114-5-7
Net Cash Flow0-000-121-29-88-0

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-37.00-32.00-26.00-26.00-26.00-28.00-39.00-27.00-25.00-25.00-25.00-25.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days484741444546404047523434
Inventory Days604452557750707289624150
Days Payable252935304422301738331536
Cash Conversion Cycle836358707873809598816049
Working Capital Days493541597464777992776862
ROCE %10%7%12%11%11%14%14%12%11%17%18%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters52.04%52.04%52.04%52.04%52.04%52.04%52.04%52.04%52.04%52.04%52.04%52.04%
FIIs0.00%0.00%0.00%0.37%0.17%0.15%0.14%0.14%0.14%0.36%0.14%0.15%
DIIs0.01%0.01%0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public47.96%47.96%47.96%47.59%47.80%47.81%47.82%47.81%47.82%47.61%47.82%47.81%
No. of Shareholders29,34732,69336,93436,27536,75337,90438,59339,42650,78652,25638,59356,086

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)0.930.750.770.270.46
Diluted EPS (Rs.)0.930.750.770.270.46
Cash EPS (Rs.)1.351.131.200.901.10
Book Value[Excl.RevalReserv]/Share (Rs.)9.138.147.416.616.31
Book Value[Incl.RevalReserv]/Share (Rs.)9.138.147.416.616.31
Revenue From Operations / Share (Rs.)46.8946.5040.3123.4228.82
PBDIT / Share (Rs.)2.912.762.461.962.15
PBIT / Share (Rs.)2.492.382.031.321.51
PBT / Share (Rs.)1.361.081.080.390.67
Net Profit / Share (Rs.)0.930.740.770.270.46
PBDIT Margin (%)6.205.936.098.357.47
PBIT Margin (%)5.315.115.035.645.25
PBT Margin (%)2.902.322.681.672.33
Net Profit Margin (%)1.981.601.911.161.60
Return on Networth / Equity (%)10.199.1610.414.127.33
Return on Capital Employeed (%)25.5626.0522.0917.1720.36
Return On Assets (%)4.674.494.501.873.30
Long Term Debt / Equity (X)0.050.100.210.110.11
Total Debt / Equity (X)0.650.710.740.700.79
Asset Turnover Ratio (%)2.572.762.551.641.95
Current Ratio (X)1.441.681.621.451.34
Quick Ratio (X)0.951.140.940.830.70
Inventory Turnover Ratio (X)8.127.686.874.124.87
Interest Coverage Ratio (X)2.492.482.582.102.56
Interest Coverage Ratio (Post Tax) (X)1.761.841.811.291.55
Enterprise Value (Cr.)182.98101.70124.0859.7850.72
EV / Net Operating Revenue (X)0.480.270.380.310.21
EV / EBITDA (X)7.864.616.323.822.94
MarketCap / Net Operating Revenue (X)0.400.170.250.180.05
Price / BV (X)2.071.011.400.640.25
Price / Net Operating Revenue (X)0.400.170.250.180.05
EarningsYield0.040.090.070.060.28

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: ₹25.81

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 1.61% compared to the current price ₹25.40

Intrinsic Value: 33.33

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 31.22% compared to the current price ₹25.40

Last 5 Year EPS CAGR: 29.15%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (250.23 cr) and profit (4.46 cr) over the years.
  1. The stock has a low average ROCE of 12.83%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 64.75, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 74.00, which may not be favorable.
  4. The company has higher borrowings (42.08) compared to reserves (40.00), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Century Extrusions Ltd:
    1. Net Profit Margin: 1.98%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 25.56% (Industry Average ROCE: 10.24%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 10.19% (Industry Average ROE: 6.94%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.76
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.95
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 25.5 (Industry average Stock P/E: 16.59)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.65
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Century Extrusions Ltd. is a Public Limited Listed company incorporated on 02/02/1988 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L27203WB1988PLC043705 and registration number is 043705. Currently company belongs to the Industry of Aluminium - Extrusions. Company’s Total Operating Revenue is Rs. 322.46 Cr. and Equity Capital is Rs. 8.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Aluminium - Extrusions113, Park Street, 'N' Block, 2nd Floor, Kolkata West Bengal 700016century@centuryextrusions.com
http://www.centuryextrusions.com
Management
NamePosition Held
Mr. Vikram JhunjhunwalaChairman & Managing Director
Mr. Deepankar BoseDirector
Mr. Arun Kumar HajraDirector
Mrs. Suhita MukhopadhyayDirector
Mr. Rajib MazumdarDirector
Mr. Bishwanath ChoudharyDirector
Ms. Dhwani FatehpuriaDirector
Mr. Sanjeev KishoreDirector

FAQ

What is the latest fair value of Century Extrusions Ltd?

The latest fair value of Century Extrusions Ltd is ₹25.81.

What is the Market Cap of Century Extrusions Ltd?

The Market Cap of Century Extrusions Ltd is 197 Cr..

What is the current Stock Price of Century Extrusions Ltd as on 19 September 2024?

The current stock price of Century Extrusions Ltd as on 19 September 2024 is ₹24.6.

What is the High / Low of Century Extrusions Ltd stocks in FY 2024?

In FY 2024, the High / Low of Century Extrusions Ltd stocks is 32.4/14.5.

What is the Stock P/E of Century Extrusions Ltd?

The Stock P/E of Century Extrusions Ltd is 25.5.

What is the Book Value of Century Extrusions Ltd?

The Book Value of Century Extrusions Ltd is 9.13.

What is the Dividend Yield of Century Extrusions Ltd?

The Dividend Yield of Century Extrusions Ltd is 0.00 %.

What is the ROCE of Century Extrusions Ltd?

The ROCE of Century Extrusions Ltd is 17.1 %.

What is the ROE of Century Extrusions Ltd?

The ROE of Century Extrusions Ltd is 10.5 %.

What is the Face Value of Century Extrusions Ltd?

The Face Value of Century Extrusions Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Century Extrusions Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE