Century Enka Limited (CEL) is an India-based company engaged in the manufacturing of synthetic yarn. The Company is a joint venture of B.K. Birla group and Accordis group of Netherland, incorporated in 1965. It has grown to become a prominent player in India's synthetic yarn industry, standing as the largest producer of Nylon Filament Yarn (NFY) and the second largest manufacturer of Nylon Tyre Cord Fabric (NTCF) in India.
Operating as part of the Aditya Birla Group, CEL brings together decades of expertise in synthetic fiber manufacturing. The company is committed to values of Quality, Innovation, and Fair Business Practices, striving for complete customer satisfaction. This commitment has helped establish Century Enka as a trusted name in the textile and automotive industries.
Century Enka operates two state-of-the-art manufacturing facilities: one in Pune, Maharashtra, and another in Bharuch, Gujarat. These facilities enable the company to solidify its position as a leading producer of Nylon Filament Yarn (NFY) and Nylon Tyre Cord Fabric (NTCF) in India, holding approximately 25% and 23% of the domestic market share, respectively.
The company's Pune facility is strategically located in the MIDC Bhosari area, while the Bharuch facility operates under the Rajashree Polyfil unit. The commencement of operations at the Pune dipping plant, which eliminates the need to transport NTCF from Pune to Bharuch, is expected to reduce transportation costs and emissions. This focus on operational efficiency demonstrates the company's commitment to cost optimization and environmental sustainability.
Century Enka's product portfolio is diverse, catering to multiple industries. The company is one of the largest producers of Nylon Filament Yarn (NFY) and Nylon Tyre Cord Fabric (NTCF) in India, marketed under the brand name 'Enkalon'. It also produces a wide range of High-Quality Nylon Yarns used for varied applications, including fish lines, conveyor belts, sports and activewear, sarees, and intimate and foundation wear.
CEL makes customized Nylon tyre cord fabric for the reinforcement of tyres used in motorcycles, scooters, light commercial vehicles (LCVs), medium & heavy commercial vehicles (MHCVs), farms, and off-the-road (OTR) vehicles. The company has also forayed into Polyester Tyre Cord Fabric (PTCF), used as reinforcement for tyres of passenger vehicles.
The company's financial performance reflects both challenges and opportunities in the synthetic yarn market.
Annual Performance (FY 2024-25 vs FY 2023-24):
- Net profit rose 55.49% to Rs 66.47 crore in FY2024-25, compared to Rs 42.75 crore in FY2023-24.
- Sales rose 14.77% to Rs 2001.69 crore in FY2024-25, compared to Rs 1744.15 crore in FY2023-24.
Quarterly Performance (Q4 FY2024-25 vs Q4 FY2023-24):
- Net profit declined 66.65% to Rs 6.76 crore in Q4 FY2024-25, compared to Rs 20.27 crore in Q4 FY2023-24.
- Sales declined 5.27% to Rs 444.00 crore in Q4 FY2024-25, compared to Rs 468.68 crore in Q4 FY2023-24.
- Market Capitalization: ₹1107.17 Crore (as of 27th June 2025)
- Promoter Holding: 24.86% (as of Mar 2025)
- FY2024-25 Net Profit: ₹66.47 crore
- FY2024-25 Sales: ₹2001.69 crore
- Q4 FY2024-25 Net Profit: ₹6.76 crore
- Q4 FY2024-25 Sales: ₹444.00 crore
- Debt Status: Almost debt-free, indicating a strong balance sheet.
Century Enka announced that its Board of Directors, at a meeting held on May 06, 2025, recommended a Final Dividend of Rs.10 per share (i.e., 100%), subject to shareholder approval. The company has fixed August 05, 2025, as the Record Date for determining dividend entitlement for the financial year ended March 31, 2025.
Century Enka has made significant investments in sustainable practices and technology upgrades. The company has invested in renewable energy sources, including a 1 MWh rooftop solar installation and a 10.5 MW wind-solar hybrid facility at its Bharuch plant. Additionally, the company has commissioned spinning capacities for Polyester High Modulus Low Shrinkage (HMLS) yarn and is preparing to seek approval for Polyester Tyre Cord Fabric (PTCF).
The Indian NFY industry is poised for moderate growth of 6-7% in the medium term. This growth is driven by factors such as the expanding textile industry, import substitution for technical textiles and defense fabrics, and rising demand for ethnic wear and sportswear. The Indian government's 'Make in India' campaign, promoting domestic manufacturing, is also expected to boost NFY demand.
The company's strategic positioning in the NTCF market also provides significant growth opportunities. Century Enka's NTCF is integral to the reinforcement of Bias/Cross-ply tyres, which are widely used in trucks, buses, two-three wheelers, and off-the-road (OTR) vehicles, including those in mining, forestry, and agriculture.
Century Enka has successfully reduced its debt and is now almost debt-free. This strong balance sheet position provides the company with financial flexibility to pursue future growth opportunities and weather potential market volatility, underscoring its robust financial health.
Century Enka's established market position, diverse product portfolio, and unwavering focus on innovation and sustainability make it a notable player in India's synthetic yarn industry. The company's ability to adapt to changing market conditions while maintaining its commitment to quality and customer satisfaction positions it well for future growth opportunities in the expanding Indian textile and automotive sectors.
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