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Century Textiles & Industries Ltd dividend

Century Textiles & Industries Ltd dividend

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Century Textiles & Industries Ltd

NSE: CENTURYTEX

DPS

5

Last updated : FY 2023

Key Highlights

    The Dividend per Share of Century Textiles & Industries Ltd is ₹ 5 as of 2023 .a1#The Dividend Payout of Century Textiles & Industries Ltd changed from 1.38 % on March 2019 to 15.16 % on March 2023 . This represents a CAGR of 61.50% over 5 years. a1#The Latest Trading Price of Century Textiles & Industries Ltd is ₹ 2246 as of 14 Jun 15:30 .a1#The Market Cap of Century Textiles & Industries Ltd changed from ₹ 10416 crore on March 2019 to ₹ 7082 crore on March 2023 . This represents a CAGR of -7.43% over 5 years. a1#The Revenue of Century Textiles & Industries Ltd changed from ₹ 1194 crore to ₹ 1699 crore over 8 quarters. This represents a CAGR of 19.31% a1#The EBITDA of Century Textiles & Industries Ltd changed from ₹ 143.41 crore to ₹ 137.15 crore over 8 quarters. This represents a CAGR of -2.21% a1#The Net Profit of Century Textiles & Industries Ltd changed from ₹ 45.4 crore to ₹ 20.64 crore over 8 quarters. This represents a CAGR of -32.57% a1#

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Share Price Vs Dividend Yield

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Fundamental Metrics

Market Cap

22,558 Cr

EPS

26.4

P/E Ratio (TTM) *

76.5

P/B Ratio (TTM) *

5.7

DTE *

0.6

ROE *

7.4

ROCE *

6.9

Dividend Yield *

0.79

DPS *

5

Dividend Payout *

15.16

Ann.Dividend % *

50

* All values are consolidated

* All values are consolidated

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Dividend Payout Over Time

Dividend payout refers to the total dividends paid to shareholders relative to the company's earnings. It is a financial measure that determines the percentage of earnings paid out to existing shareholders as dividends. How to calculate Dividend Payout Ratio? The dividend payout ratio formula is as follows: DPR = Dividends paid / Net earnings With the dividend payout ratio, you can understand the company's priorities. It is an important metric that allows you to easily check DPR online.

Dividend Payout Over Time

Period
Mar '191
Mar '207
Mar '2135
Mar '2222
Mar '2315

* All values are a in %

Dividend per Share (DPS) Over Time

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DIVIDENDYIELD

Dividend Yield is a financial ratio that shows the annual dividend income relative to the market price of a share. It is calculated by dividing the dividend per share by the current market price per share, expressed as a percentage.

Dividend Yield Comparison With Top Peers

1M

1Y

3Y

5Y

* All values are in %

Net Profit Vs Dividend Per Share

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Century Textiles & Industries Ltd

NSE: CENTURYTEX

PRICE

2246.45

66.35 (3.04%)

stock direction

Last updated : 14 Jun 15:30

SWOT Analysis Of Century Textiles & Industries Ltd

Strength

3

S

Weakness

2

W

Opportunity

0

O

Threats

1

T

BlinkX Score for Century Textiles & Industries Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

Dividend Overview for Century Textiles & Industries Ltd

  • Century Textiles & Industries Ltd, boasts of a market capitalization of Rs 22559 Cr., with a share price of Rs 2246.45 as of 14 Jun 15:30. While all stocks don't consistently pay dividends, Century Textiles & Industries Ltd rewarded its shareholders, distributing 15.2 % for the full year.
  • In the year ending 2022, Century Textiles & Industries Ltd declared a dividend of Rs 4, resulting in a dividend yield of 0.5% Assessing its dividend-paying capacity and valuation is crucial to determine its suitability as a dividend stock.
  • During the year ending 2023, Century Textiles & Industries Ltd recorded revenues of Rs 4718 Cr, with a trailing EBITDA Margin of 9.2% and net-profit of Rs 51 Cr

Overview of Dividend

Types of Dividend


Special Dividend

A dividend is paid on common stock when a company has accumulated substantial profits over years, often seen as excess cash that doesn't need immediate use.


Preferred Dividend

A quarterly dividend is paid to preferred stock owners, typically accumulating a fixed amount, and is earned on shares that function more like bonds.


Interim Dividend

Companies declare interim dividends before final full-year accounts are prepared, specifically in India, during the financial year from April to March of the following year.


Final Dividend

A final dividend is issued after the year's accounts have been compiled. Aside from this, the following list highlights the most prevalent sorts of dividends:


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Market Cap Over Time

Market Cap or market capitalisation refers to metrics that are used to measure a company's size. It is defined as the total market value of a company's outstanding shares of stock. Formula of Market Cap: Market Capital = N * P Here, N for the outstanding shares P refers to the closing price of the company's shares. Types of Companies based on Market Cap: - Small-Cap stocks: Up to 500 Crore - Mid-Cap Stocks: From Rs.500 crore up to Rs.7,000 crore - Large-Cap Stocks: From Rs.7,000 crore up to Rs.20,000 crore

Market Cap Over Time

Period
Mar '1910416
Mar '203304
Mar '215191
Mar '229532
Mar '237082

* All values are a in crore

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Revenue Over Time

Revenue term means the amount of money a company earns from its primary business activities such as the sales of its products & services. Types of Revenue: 1. Operating revenue: It refers to the income generated from the core business activities, which are sales of goods or services rendered. 2. Non-Operating revenue: It is the income generated from secondary sources unrelated to the primary business. Examples include rents, dividends, interest, and royalty fees. Formula for Revenue: The formula for calculating revenue is based on two goods & services: For goods: Revenue = Avg unit price x Number of Units sold For services: Revenue = Avg unit price x Number of Customers served.

Revenue Over Time

Period
Jun '221194
Sep '221242
Dec '221173
Mar '221125
Jun '231125
Sep '231115
Dec '231096
Mar '231700

* All values are a in crore

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EBITDA Over Time

PBIDT stands for Profit Before Interest, Depreciation, and Taxes. It is a financial metric that measures a company's profitability before accounting for interest expenses, depreciation of assets, and taxes. Formula to calculate PBIDT: PBIDT = Net Income + Interest + Depreciation + Taxes or PBIDT = Operating Income + Depreciation + Taxes PBIDT vs EBITDA vs EBIT vs EBT: Here is a brief explanation of the differences: - PBIDT (Profit Before Interest, Depreciation, and Taxes) includes taxes in its calculation, unlike EBITDA. - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) excludes taxes and interest, focusing on operational performance. - EBIT (Earnings Before Interest and Taxes) excludes interest and taxes, providing a measure of core operational profitability. - EBT (Earnings Before Taxes) includes all operating income but does not account for interest expenses. Conclusion: PBIDT, similar to EBITDA, is a measure of operational profitability but includes taxes in its calculation.

EBITDA Over Time

Period
Jun '22143
Sep '22188
Dec '2291
Mar '22264
Jun '2365
Sep '2340
Dec '23194
Mar '23137

* All values are a in crore

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Net Profit Over Time

Net profit is the amount of money a company retains after accounting for all expenses, depreciation, interest, taxes, and other deductions. Net Profit formula is expressed as: Net Profit = Total Revenue - Total Expense Net Profit Margin Ratio: Net Profit Margin Ratio = Net Profit / Total Revenue

Net Profit Over Time

Period
Jun '2245
Sep '2270
Dec '227
Mar '22142
Jun '23-7
Sep '23-33
Dec '2380
Mar '2321

* All values are a in crore

About Century Textiles & Industries Ltd

About Century Textiles & Industries Ltd

    Century Textiles and Industries Limited is principally engaged in manufacturing of Textiles, Pulp and Paper and Real estate. The Company is a multi-location, multi-product organization with diversified interest from textile to real estate to pulp & paper. It is a paper producer offering writing and printing grades, copier, specialty grades, tissue and packaging boards. Its ready-to-wear garments are marketed under Cottons by brand 'Century'. The Company's New Textile Mill, Birla Century, in Gujarat manufactures textile fabrics. In the real estate business, the Company operates under the brand 'Birla Estates'. It has land parcels in prime locations in Worli, 30 acres, Kalyan, 132 acres and Pune, 45 acres, where the Company is rolling out its development plans for premium and mid income housing and commercial use. In addition to owned land, Birla Estates has already signed a MoU to develop 1 million sq. ft. of residential project in Gurgaon. Century Textiles and Industries Limited was incorporated in the year 1897 as a Public Limited Company at Mumbai. In the year, the Company began their Rayon Division at Kalyan, near Mumbai to manufacture Viscose Filament Rayon Yarn. In the year 1960, they signed a technical collaboration and know-how agreement with Alemene, Kunstzigde Unie N.V. of Holland and Verinigts Glazstoff-Fabriken AG of Germany to set up a super two-tyre yarn and a cord plant with capacity of 6 1/4 tonnes per day. In the year 1961, the Company obtained a licence for a rayon grade caustic soda plant of the capacity of 30 tonnes. In the year 1963, the company commenced production of Viscose Tyre Yarn / Industrial Yarn. In the year 1964, they commenced the production of Caustic Soda and other chemicals. In the 1969, they acquired a salt manufacturing unit at Jamnagar to ensure continuous supplies of good quality salt to the caustic soda plant. In the year 1974, the company diversified into production of Cement by establishing their first cement plant at Baikunth, near Raipur (Chhattisgarh) to produce 0.60 million Tonnes Per Annum (TPA) of Portland Cement. In the year 1980, the company established their second Portland Cement plant at Maihar in Madhya Pradesh with a capacity of 0.80 million TPA. In the year 1984, the Company established Rayon and/or paper Grade Pulp and Writing & Printing Paper Unit with an installed capacity of 20,000 tonnes each per annum at Lalkua near Nainital (Uttaranchal). In the year 1985, the Company established their third Portland Cement plant at Gadchandur in Maharashtra with a capacity of 1 million TPA. In the year 1987, the Company entered into new markets such as Taiwan, South Korea, Hongkong and Japan. In the year 1990, the chemical division of the Company obtained permission from the Govt. to introduce the membrane cell technology in the caustic soda plant. In November 1991, the Company was selected by the MP Govt. for establishing, maintaining and operating a 2 x 210 MW thermal power station at Pench in the Chhindwara Dist.. The Company established a separate unit 'Century Power' to undertake the project. In the year 1995, the Company established their second paper unit based on Bagasse adjacent to the existing Pulp and Paper Plant at Lalkua with a capacity of 84,600 tonnes of paper per annum. During the period of 1995-96, Company commenced commercial production in their fourth Portland Cement Plant with a capacity of 1 million TPA adjacent to the existing plant at Maihar. In the year 1997, they commenced generation in Thermal captive power plant. In the year 2002, the Company bunged its operations at Bagasse paper plant at Nainital and as new dimension, made treaded into branded apparels by leveraging on its brand 'Century'. The company had ranged into value-added readymade garments in the year 2003 and also posted in accessories under the brand name of 'Cottons by Century'. In March 2005, the installation of 6 MW Power Plant using LSHS/Furnace oil was completed and the plant commenced commercial production. In cement segment, the new captive thermal power plants of 15 MW at Maihar Cement Unit and 10 MW at Century Cement Unit were commissioned in March 2006 and April 2006 respectively. In October 2006, the company's project on blended cement was registered under the Clean Development Mechanism with the executive body of the United Nations Framework Convention of Climate Change (UNFCCC). In February 2007, the company commissioned the expanded Paper unit for manufacturing Paper from waste paper with a capacity of 211 tonnes per day. During the year 2007-08, the company completed the modification and upgradation work at all cement units was completed and the cement manufacturing capacity was increased to 7.80 million tonnes per annum with effect from March 1, 2008. The company set up a new clinker line of the capacity of 2.50 million tonnes and an equivalent cement grinding facility, adjacent to the existing plant of Manikgarh Cement at Gadchandur, Maharashtra, along with a captive Thermal Power Plant of 40 MW. During the year 2008-09, the company commissioned the prime grade tissue paper plant at Lalkua, Dist. Nainital, Uttarakhand with a capacity of 100 tonnes per day for manufacture of a number of varieties of tissue paper. On 4 October 2014, Century Textiles and Industries (CTIL) announced that the company's Manikgarh Cement Unit No. II (expansion unit) with a capacity of 2.80 million tonnes per annum has commenced production of cement and started cement dispatches from 26 September 2014. On 1 February 2016, Century Textiles and Industries (CTIL) announced that at a meeting of the Board of Directors of company held on 1 February 2016, it has been decided that activities related to real estate development presently being carried under different divisions of the company should be consolidated and undertaken under a new division viz. Birla Estates' for development of surplus land available with the company located at its various divisions and also to undertake business activities such as Builders, Promoters/Developers for land & buildings etc. including purchase of land anywhere in India. The Board of Directors of Century Textiles and Industries (CTIL) at its meeting held on 22 August 2017 approved the sale of Century Yarn and Century Denim units of the textiles segment situated at Satrati in Madhya Pradesh on a slump sale basis as a going concern for a lump sum consideration of Rs 2.51 crore. CTIL said that the operations of the Yarn and Denim units were not viable due to their small sizes and hence it was considered appropriate to sell these units. On 1 February 2018, Century Textiles and Industries (CTIL) announced that with effect from 1 February 2018 CTIL has granted Right to Manage and Operate the Viscose Filament Yarn (VFY) business of the company to Grasim Industries Limited (GIL). Consequently, the company shall be deemed to have suspended operations of VFY business during a period of 15 years with effect from 1 February 2018. Earlier, the Board of Directors of CTIL at its meeting held on 12 December 2017 approved entering into agreement with Grasim for granting Right to Manage and Operate the Viscose Filament Yarn (VFY) business of the company to Grasim for a duration of 15 years for a commuted royalty of Rs 600 crore. Grasim shall also provide CTIL Rs 200 crore as in interest-free, refundable, security deposit and pay to CTIL consideration for the transfer of working capital to Grasim at actual. Post completion of the tenure of the agreement, CTIL shall resume operations of the VFY business. The Board of Directors of Century Textiles and Industries (CTIL) at its meeting held on 20 May 2018 approved the draft scheme for the demerger of the cement business of the company into UltraTech Cement Limited. The Board has approved the swap ratio, as recommended by the independent valuers, of l (one) new equity share of UltraTech for every 8(eight) equity shares held in CTIL. CTIL said that the demerger aims at deleveraging CTIL's balance sheet and creating an opportunity for its next phase of growth in the remaining businesses with a primary focus on Real Estate. It also achieves unlocking of the value of the cement division to its shareholders through the issuance of equity shares of UltraTech directly to the shareholders of CTIL. UltraTech is the largest and one of the most valuable cement players in India and the shareholders of CTIL will continue to have exposure to cement through their highly liquid equity shareholding in UltraTech. During the year 2017-18, the Company has incorporated a Wholly Owned Subsidiary namely Birla Estates Private Ltd for the purpose of undertaking Real Estate Development Projects. In view of no business left to undertake, the Board of Bander Coal Company Private Ltd., Company's associate, has commenced the process of voluntary liquidation of the said associate and has already appointed a liquidator under the applicable provisions of law.As of 31 March 2018, Industry House Ltd., in which Company holds about 35% shares, is an Associate Company. During the FY2019,the Company has undertaken a project to expand the Prime Grade Tissue Paper Plant capacity from 100 tonnes per day to 200 tonnes per day with an Anchor GSM of 19 grams at a total capital outlay of Rs 100 crore at the existing Pulp and Paper Plant at Lalkua, District Nainital, Uttarakhand. The project is expected to be commissioned and operational in the 2nd quarter of FY 21. During the year 2018-19, the Company has incorporated a Wholly Owned Subsidiary namely Birla Century Exports Private Ltd for the purpose of conducting distribution business in the USA directly with brands and retailers. During the FY2020,the company done Technical upgradation, removing of bottlenecks and balancing the Bagasse based (PM3 Machine), and recycle paper-based paper plant (PM4 Machine), with an investment of Rs 65 Crore which will increase monthly paper manufacturing capacity from 7200 Mt to 8500 Mt for each plant. This expansion will help in reducing overall manufacturing cost (of these two machines), quality improvement and increase in production. Also Installation of new evaporator at a cost of Rs 105 Crore.This will help lowering down Power cost and increase in pulp production. During the year 2019-20, the month of March saw the world being impacted by the COVID-19 pandemic and the nation going into a lockdown. The lockdown disrupted the normal business activities and created pressure on absorption and collections. During the FY2021,the total exports of the Company amounted to Rs 345.85 Crore as against Rs 598.72 Crore in the year 2020 representing about 12.91% of the total income. During the year 2020-21,the new Tissue Plant to manufacture Prime Grade Tissue Paper with a capacity of 100 tonnes per day was installed and trial run of the plant has been started on 14 March 2021. Due to Covid-19, no erection and commissioning activities have been undertaken during 2020-21 for upgradation of paper machines 3 & 4 and for installation of a new evaporator. During the quarter ended 30 September 2021, pursuant to a Joint Venture Agreement with Grasim Industries Limited, the Company has incorporated a joint venture company, namely Birla Advanced Knits Private Limited to foray into manufacturing of Man Made Cellulosic Fibre (MMCF) Knit Fabrics. The Company and Grasim, each have 50% holding in the joint venture company. During the year 2021-22, Company launched two new real estate projects, viz., Birla Niyaara' at Worli, Mumbai in the month of February, 2022 and 'Birla Tisya' at Rajajinagar, Bengaluru in the month of December, 2021. Besides this, the second phase of Birla Vanya', Kalyan was launched in the month of September, 2021. During the year, Birla Estates Private Ltd., a Wholly Owned Subsidiary of the Company signed an agreement to jointly develop a prime 52-acre land parcel in North Bengaluru with M S Ramaiah Realty LLP. It formed a Joint Venture in collaboration with Grasim Industries Limited namely Birla Advanced Knits Private Limited' (JV Company) to manufacture Circular Knit Fabrics in Bharuch District. During 2022-23, as part of technical upgradation and production enhancement, Paper Machine no.4 (Recycle based paper) was upgraded with a new state of Art technology 'Shoe press along with Nipco-P roll' leading to increase in production capacity by up to 20% on account of sheet dryness increase. This resulted in reduction in steam consumption, increase in Moisture and quality improvement. Head box servicing and change of both top and bottom lip was done along with shoe press installation to reduce 2-sigma cross directional GSM variation in final Paper. In addition to this, Rewinders of Paper Machine nos.3 and 4 were also technically upgraded with new slitting station from Mariocotta, Italy to improve the cutting quality. DCS of De-inking plant and Paper Machine nos. 3 and 4 was upgraded in place of obsolete system to keep automation reliability. Double doctoring at Couch to avoid rewetting and Edge Trim Squirt box to reduce Edge cuts/trim carryover with paper was additionally installed on both Paper Machine nos. 3 and 4 for better machine runability. Erection work of new Evaporator equipment was completed. During the year 2023, Company completed 2 commercial projects, Birla Aurora, Worli and Birla Centurion. It launched 5 residential projects, Birla Alokya, Birla Navya and Birla Vanya, Birla Niyaara and Birla Tisya' establishing its presence in major cities such as Mumbai Metropolitan Area (MMR), the National Capital Region (NCR), and Bengaluru.

Century Textiles & Industries Ltd News Hub

News

Birla Estates incorporates new subsidiary - Ekamaya Properties

Birla Estates, a wholly owned subsidiary of Century Textiles & Industries has incorporated...

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08 Jun 202414:12

News

Century Textiles & Inds soars after arm enters into JV with Barmalt India

The land parcel is spread across 13.27 acres with a development potential of approximately...

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06 Jun 202410:10

News

Birla Estates enters into JV with Barmalt India for luxury residential project in Gurugram

Birla Estates, a wholly owned subsidiary of Century Textiles and Industries, has entered i...

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05 Jun 202418:48

News

Board of Century Textiles & Industries recommends Final Dividend

Century Textiles & Industries announced that the Board of Directors of the Company at its ...

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07 May 202414:44

News

Century Textiles & Inds slides after Q4 PAT drops 4% YoY to Rs 160 cr

The company's revenue from Pulp & Paper business fell by 5.58% to Rs 859.07 crore in Q4 FY...

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07 May 202415:34

News

Birla Estates records sales of over Rs 2500 cr at launch of Silas at Birla Niyaara

Birla Estates, a 100% wholly owned subsidiary of Century Textiles & Industries and the rea...

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02 May 202415:28

FAQs for dividends of Century Textiles & Industries Ltd

What is the current market price of Century Textiles & Industries Ltd Ltd as of June 14, 2024?

The current market price of Century Textiles & Industries Ltd Ltd stands at 2246.4 per share.

What dividend did Century Textiles & Industries Ltd declare in the last fiscal year?

In the last fiscal year, Century Textiles & Industries Ltd declared a dividend totaling ₹5.0.

What is the most recent dividend declared by Century Textiles & Industries Ltd?

Century Textiles & Industries Ltd recently declared a dividend of 0.0 in the latest quarter

How many times has Century Textiles & Industries Ltd declared dividends in the current fiscal year

Century Textiles & Industries Ltd has declared dividends 4 times totaling ₹0 in the current fiscal year (FY2023-2024).

How many times did Century Textiles & Industries Ltd declare dividends in the previous fiscal year?

In the previous fiscal year (FY2022-2023), Century Textiles & Industries Ltd declared dividends 4 times totaling ₹0.
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