Century Textiles Share Price Target: In this blog post, we will dive deep into the future outlook for Century Textiles by analyzing various factors that could influence its share price in the coming years. We will provide our predictions for the stock’s performance in 2024, 2025, and even as far out as 2030.
Whether you’re a long-term investor or a swing trader, this post will equip you with valuable insights to help you make informed decisions about your Century Textiles and Industries Ltd.
What is Century Textiles and Industries Ltd.?
Century Textiles and Industries Limited, based in India, primarily operates in the manufacturing sectors of textiles, cement, pulp and paper, and real estate. Its business segments comprise Textiles, Pulp and Paper, Real Estate, and Others. Within the Textiles segment, the company produces yarn, fabric, viscose filament yarn, and tire yarn. The Pulp and Paper segment involves the production of pulp, writing and printing paper, tissue paper, and multilayer packaging board.
In the Real Estate segment, Century Textiles engages in residential projects, leasing properties, and investing in properties. The Others segment encompasses its salt works and chemical operations. The company’s subsidiaries include Birla Estates Private Limited, Birla Century Exports Private Limited, Birla Century International LLC, Avarna Projects LLP, Birla Tisya LLP, and Birla Arnaa LLP, with Birla Tisya LLP focusing on real estate ventures.
Company Profile
| Company type | Public company |
| Traded as | BSE: 500040 NSE: CENTURYTEX |
| Industry | Textiles & Paper |
| Founded | 1897 |
| Headquarters | Mumbai, Maharashtra, India |
| Chairman | Kumar Mangalam Birla |
| Managing Director | RK Dalmia |
| Products | fabrics, designer wear, denim, cosmetics & toiletries, engineering files & tools, prophylactics and air charter services |
| Revenue | ₹4,827 crore (US$600 million) |
| Net income | ₹272 crore (US$34 million) |
| Total assets | ₹8,452 crore (US$1.1 billion) |
| Total equity | ₹3,887 crore (US$490 million) |
| Parent | Aditya Birla Group |
| Subsidiaries | Birla Century Century Pulp and Paper Birla Estates |
| Website | www.centurytextind.com |
Century Textiles and Industries Ltd. Fundamentals
| MARKET CAP | ₹ 18,205.28 Cr. |
| ENTERPRISE VALUE | ₹ 19,024.47 Cr. |
| NO. OF SHARES | 11.17 Cr. |
| P/E | 55.02 |
| P/B | 4.28 |
| FACE VALUE | ₹ 10 |
| DIV. YIELD | 0.31 % |
| BOOK VALUE (TTM) | ₹ 380.45 |
| CASH | ₹ 84.68 Cr. |
| DEBT | ₹ 903.87 Cr. |
| PROMOTER HOLDING | 50.21 % |
| EPS (TTM) | ₹ 29.62 |
| SALES GROWTH | 16.12% |
| ROE | 9.09 % |
| ROCE | 12.13% |
| PROFIT GROWTH | 84.35 % |
| Year | Century Textiles Stock Price Target 2024 |
|---|---|
| 2024 | ₹1980-₹2245 |
Many Indian stocks, including CENTURYTEX, enjoyed a remarkable Bull run throughout 2023. It’s anticipated that the bullish sentiment will persist in the market during the first quarter of 2024, albeit with some initial consolidation.
According to technical analysis, CENTURYTEX is expected to maintain a minimum share price target of ₹1980 and a maximum price target of ₹2245 for the year 2024.
Also Read: RIL Share Price Target 2024, 2025 to 2030
| Year | Century Textiles Stock Price Target 2025 |
|---|---|
| 2025 | ₹2200-₹3500 |
CENTURYTEX’s share price is projected to achieve a value of Rs. 2200 by January 2025. Should macro and microeconomic factors, in addition to industry trends, align favorably, there’s a possibility for Century Textiles and Industries Ltd to reach the target price of Rs. 3500 by December 2025.
Also Read: IRCON Share Price Target 2024, 2025, 2030, 2040, 2050: A Complete Analysis
| Year | Century Textiles Stock Price Target 2030 |
|---|---|
| 2030 | ₹6500-₹8500 |
The projected initial price target for Century Textiles and Industries Ltd in 2030 stands at ₹6500. In the event of favorable market conditions, there’s a possibility that the mid-year price target could reach ₹6973.3. As the year progresses with bullish market trends, by the end of 2030, Century Textiles and Industries Ltd is anticipated to potentially reach a price target of ₹8500.
Also Read: Olectra Greentech Share Price Target 2024, 2025 to 2030
Century Textiles and Industries Ltd. Profit & Loss Analysis
| DATA | MAR 2021 | MAR 2022 | MAR 2023 |
|---|---|---|---|
| Net Sales | 2,610.55 | 4,129.37 | 4,795.21 |
| Total Expenditure | 2,324.02 | 3,592.25 | 4,149.31 |
| Operating Profit | 286.53 | 537.12 | 645.90 |
| Other Income | 79.64 | 67.61 | 61.54 |
| Interest | 88.55 | 75.03 | 89.19 |
| Depreciation | 229.02 | 228.05 | 222.80 |
| Exceptional Items | 0.00 | 134.21 | 0.00 |
| Profit Before Tax | 48.60 | 301.65 | 529.66 |
| Tax | -1.44 | 101.86 | 161.35 |
| Net Profit | 31.50 | 207.33 | 368.31 |
| Adjusted EPS (Rs.) | 4.48 | 17.89 | 32.98 |
Century Textiles and Industries Ltd. Balance Sheet Analysis
| DATA | MAR 2021 | MAR 2022 | MAR 2023 (Cr) |
|---|---|---|---|
| Equity and Liabilities | |||
| Share Capital | 111.69 | 111.69 | 111.69 |
| Total Reserves | 3,552.13 | 3,807.40 | 4,072.85 |
| Borrowings | 829.27 | 306.88 | 399.09 |
| Other Non-Current Liabilities | 659.18 | 671.81 | 726.05 |
| Current Liabilities | 1,185.20 | 2,262.37 | 2,159.37 |
| Total Liabilities | 6,337.47 | 7,160.15 | 7,469.05 |
| Assets | |||
| Net Block | 3,270.34 | 3,211.12 | 3,101.73 |
| Capital Work in Progress (WIP) | 172.58 | 173.75 | 187.07 |
| Intangible Work in Progress (WIP) | 37.12 | 36.60 | 36.41 |
| Investments | 1,221.04 | 478.69 | 427.11 |
| Loans & Advances | 92.69 | 414.91 | 648.51 |
| Other Non-Current Assets | 2.75 | 899.53 | 810.05 |
| Current Assets | 1,540.95 | 1,945.55 | 2,258.17 |
| Total Assets | 6,337.47 | 7,160.15 | 7,469.05 |
Century Textiles and Industries Ltd. Cash Flows Analysis
| DATA | MAR 2021 | MAR 2022 | MAR 2023 |
|---|---|---|---|
| Profit from operations | 20.10 | 312.24 | 529.66 |
| Adjustment | 244.20 | 194.60 | 140.74 |
| Changes in Assets & Liabilities | 224.62 | -304.96 | -114.89 |
| Tax Paid | 163.39 | -55.79 | -71.71 |
| Operating Cash Flow | 652.31 | 146.09 | 483.80 |
| Investing Cash Flow | -181.31 | -226.10 | -32.67 |
| Financing Cash Flow | -510.82 | 92.28 | -578.82 |
| Net Cash Flow | -39.82 | 12.27 | -127.69 |
- Price to Earnings (P/E) Ratio: This ratio reveals how much investors are willing to pay per rupee of earnings. Century Textile & Industries Limited currently has a P/E ratio of 55.24, indicating a relatively high valuation.
- Share Price: As of now, the share price of Century Textile & Industries Limited stands at Rs 1,636.40. Utilizing valuation calculators can help investors determine whether the company’s shares are undervalued or overvalued.
- Return on Assets (ROA): ROA measures the efficiency of a company in generating profits from its assets. Century Textile & Industries Limited shows an ROA of 5.04%, which suggests room for improvement.
- Current Ratio: This ratio assesses a company’s ability to meet short-term liabilities with short-term assets. Century Textile & Industries Limited has a current ratio of 1.05, indicating stability but with limited buffer for unexpected challenges.
- Return on Equity (ROE): ROE indicates how effectively a company utilizes shareholders’ investments to generate profits. Century Textile & Industries Limited’s ROE stands at 9.09%, reflecting moderate performance.
- Debt to Equity Ratio: This metric helps evaluate a company’s capital structure and performance. Century Textile & Industries Limited exhibits a low Debt to Equity ratio of 0.22, indicating a conservative approach to debt.
- Inventory Turnover Ratio: This ratio gauges a company’s efficiency in managing inventory. Century Textile & Industries Limited’s Inventory Turnover Ratio is 3.12, suggesting room for improvement in inventory and working capital management.
- Sales Growth: Century Textile & Industries Limited reports a revenue growth of 16.12%, indicating satisfactory performance in this aspect.
- Operating Margin: This metric reveals the efficiency of a company’s operations. Century Textile & Industries Limited’s operating margin for the current financial year is 13.47%, indicating healthy operational efficiency.
- Dividend Yield: The current year dividend for Century Textile & Industries Limited is Rs 5, with a yield of 0.30%, providing investors with insight into the return on investment through dividends.
👍 Strengths
- The company boasts a favorable PEG ratio of 0.65.
- Demonstrating efficiency, the company maintains a Cash Conversion Cycle of just 8.40 days.
- With a commendable CFO/PAT ratio of 1.44, the company exhibits effective cash flow management.
- A noteworthy aspect is the company’s high promoter holding, which stands at 50.21%.
- The company displays a robust degree of Operating leverage, with an Average Operating leverage of 3.32.
👎 Weakness
- Over the past 3 years, the company has experienced lackluster profit growth, recording a -7.68% decline.
- Similarly, the company has witnessed modest revenue growth of only 11.88% over the past 3 years.
- Reflecting on the company’s performance, its ROE over the past 3 years has been disappointing, standing at 5.25%.
FAQs
Disclaimer: Dear Readers, Please note, These stock price projections are based on various factors like past performance, fundamentals, technical signals and market trends. These projections are for informational purposes only and aren’t financial advice or guarantees.
