Century Enka Ltd(CENTENKA)

NSE: CENTENKABSE: 500280

₹ 506.55-2.96%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 1,107 crNext results: 27 Oct 2026Website: www.centuryenka.comUpdated: 24 Oct 2026

About

Century Enka Ltd is an Indian manufacturer of nylon tyre cord fabric (NTCF) and nylon filament yarn (NFY), with an installed capacity of 92,000 MTPA across its plants. In FY26 the company reported revenue of ₹1,705 crores. It is also commercialising a polyester tyre cord fabric (PTCF) product with 4 KT annual capacity, targeting tyre OEM customers.^[1][2][3]

Business segments

Reinforcement yarn (NTCF/PTCF): revenue of ₹306 crores in Q1 FY27, up 69% YoY; tyre cord fabric sold to OEM tyre manufacturers across all auto segments.^[1]
Filament yarn (NFY): revenue of ₹230 crores in Q1 FY27, up 20% YoY; sold into apparel, industrial and technical textile applications.^[1]
In Q4 FY26, reinforcement sales were ₹245 crores (+21% YoY) and filament yarn sales were ₹229 crores (+3% YoY).^[2]

Installed capacity and utilisation

Total installed capacity is 92,000 MTPA across both product segments as of Q1 FY27.^[1]
Capacity utilisation ran at 85 - 90% across products in Q1 FY27, up from approximately 80% for full-year FY26.^[1][2]
PTCF plant has 4 KT annual capacity, currently running at 75 - 80% utilisation on polyester industrial yarn pending tyre company commercial approvals.^[2]

Key operating volumes and realisations

Total sales volume was 19,199 MT in Q1 FY27, up 12% YoY.^[1]
Full-year FY26 sales volume was 73,692 MT, down 6% YoY, reflecting a weak first half.^[2]
Q4 FY26 volume was 20,711 MT, up 14% YoY, the strongest quarter of FY26.^[2]
Commodity NFY products vulnerable to Chinese imports represent approximately 15 - 20% of total volume in FY26; value-added products (WAPs) exceed 35% of the NFY portfolio as of Q2 FY26.^[2][4]

Raw materials and input costs

Caprolactam is the primary raw material; prices rose sharply in March 2026 following the Iran conflict and were successfully passed through to customers without production cuts.^[2]
Caprolactam prices had declined continuously from September 2024 until October 2025, when China-side production cuts of approximately 10% caused a recovery.^[5]

Power and renewable energy

Renewable power exceeded 40% of total company power consumption in Q1 FY27, up from 36% for full-year FY26.^[1][2]
An additional 10.5 MW group captive hybrid renewable project at Bharuch (equity contribution approximately ₹8.5 crores) is expected to commission in H2 FY27, most likely Q3, raising the renewable share to approximately 50%.^[1]

Customers and distribution

NTCF customers are OEM tyre manufacturers across two-wheeler, three-wheeler, tractor, passenger vehicle, and MHCV segments; tractor OEM and export sales hit all-time highs in FY26.^[2]
Export revenue is approximately 4 - 5% of total revenue; management is focused on increasing exports of value-added filament yarn.^[2]
PTCF is being approved with two to three tyre companies through a multi-stage testing process (lab testing, road testing) before commercial supply.^[4][2]

Expansion and capex

FY27 capex of over ₹100 crores reaffirmed; directed at value-added products, mother yarn capacity, power cost reduction, and fire safety reconfiguration.^[1][2]
New mother yarn capacity project will commission in FY28, adding 3,000 - 4,000 MT to the current 92,000 MTPA base; no nameplate capacity addition is planned in FY27.^[1]
PTCF capacity expansion beyond 4 KT is being evaluated post first-phase commercial utilisation; no timeline or quantum committed.^[2]

Recent developments

PTCF multi-stage tyre company approval process progressed to Stage 2 as of Q4 FY26; commercial sales now expected to commence H2 FY27, possibly from Q3 or Q4 FY27.^[1][2]
The GST cut on tyres and automobiles, effective 22 September 2025, drove robust NTCF demand across all auto segments in Q1 FY27.^[1][4]
DGTR issued a favourable anti-dumping ruling on Chinese NFY imports, recommending duties estimated at 10 - 30% of current FOB value; Finance Ministry notification was still awaited as of Q1 FY27.^[1][2]
Q1 FY27 EBITDA was boosted by a one-time inventory gain of ₹46.24 crores from low-cost opening stock; high-cost inventory on hand is expected to compress margins in subsequent quarters, with normalised EBITDA guidance of 7 - 10%.^[1]

Market Cap

₹1,107 Cr

High / Low

₹671 / 371

Stock P/E

7.5

Price / Book

0.7

Book Value

₹685

EPS

₹46.1

No. of Shares

2.19 Cr

ROCE

9.0%

ROE

6.9%

OPM

7.7%

Debt / Equity

0.01

Sales

₹1,705 Cr

Net Profit

₹101 Cr

Promoter holding

24.9%

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