Buy Century Enka, price target Rs 225: Kunal Bothra

Kunal Bothra has a buy call on Century Enka Ltd. with a target price of Rs 225.0 . The current price of Century Enka Ltd. is Rs 213.1 . Kunal Bothra recommended to keep a stoploss at Rs 198 .

Century Enka Ltd., incorporated in the year 1965, is a Small Cap company (having a market cap of Rs 419.31 Crore) operating in Textiles sector.

Century Enka Ltd. key Products/Revenue Segments include Textiles which contributed Rs 1783.57 Crore to Sales Value (99.56 % of Total Sales) and Scrap which contributed Rs 7.81 Crore to Sales Value (0.43 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 30-09-2019, the company has reported a Standalone sales of Rs 334.41 Crore, down -10.88 % from last quarter Sales of Rs 375.24 Crore and down -30.20 % from last year same quarter Sales of Rs 479.08 Crore Company has reported net profit after tax of Rs 46.00 Crore in latest quarter.

The company’s top management includes Mr.B K Birla, Mr.B S Mehta, Mr.K S Thar, Mr.O R Chitlange, Mr.S K Jain, Mrs.Rajashree Birla. Company has Khimji Kunverji & Co. LLP as its auditoRs As on 31-12-2019, the company has a total of 21,850,589 shares outstanding.