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Century Enka Limited (CENTENKA)

₹558.60 +0.89% last close, 16 Oct

📊 NSE: CENTENKA 🏢 Textiles - Manmade 📢 Latest filing: 10 Oct 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Century Enka's revenue was ₹554 Cr (+38.0% year on year, +14.5% on the previous quarter), and net profit ₹61.7 Cr (+301.2% year on year); the operating margin was 15.5%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹554	+38.0%	+14.5%
Operating profit	₹85.7	+331.0%	+55.9%
Net profit	₹61.7	+301.2%	+58.2%
EPS (₹)	28.24	+301.1%	+56.6%
Operating margin	15.5%	—	—

Full quarterly financials → Results calendar →

CENTENKA delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 48.87% of the CENTENKA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 50.22%. That is close to its usual level. Volume was 0.4 times its average, well below normal.

48.87%Delivery, 16 Oct

50.22%Own 20-session average

0.4×Volume vs its average

₹558.60NSE close · +0.89%

Delivery in the last 5 sessions: 61.2% · 29.4% · 52.4% · 64.0% · 48.9%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Century Enka Submits Demat Compliance Certificate for Q2 Ended 30th September 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 10 Oct 2026, 10:11 AM

Century Enka Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September 2026. The certificate, issued by Registrar and Share Transfer Agent MUFG Intime India Pvt. Ltd on 3rd October 2026, confirms that securities received for dematerialisation were processed and confirmed within mandated timelines. Cancelled share certificates were duly mutilated and depository records updated. This is a standard quarterly administrative filing with zero impact on operational or financial metrics.

Compliance certificate pertains to the quarter ended 30th September 2026
Issued by RTA MUFG Intime India Pvt. Ltd dated 03-10-2026
Confirmation provided under Regulation 74(5) of SEBI Depositories Regulations, 2018
Company filing submitted to exchanges on 10th October 2026

💡 Track the upcoming quarterly financial results for Q2 FY27 for business performance and revenue trends.

Century Enka Closes Trading Window from October 1, 2026 for Q2 Financial Results

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 24 Sep 2026, 01:04 PM

Century Enka Limited has announced the closure of its trading window effective October 1, 2026, pursuant to SEBI Prohibition of Insider Trading regulations. The closure applies to all Directors, Designated Persons, and Connected Persons for dealing in company securities. The window will reopen 48 hours after the declaration of unaudited financial results for the quarter and half-year ending September 30, 2026. This is a standard quarterly compliance intimation.

Trading window closes on 1st October 2026
Pertains to financial results for the quarter and half-year ending 30th September 2026
Window to remain closed until 48 hours after financial results announcement
Applies to all Directors, Connected Persons, and Designated Persons

💡 Track the upcoming board meeting announcement date where Century Enka will formally consider and approve its Q2 FY27 results.

Century Enka Shareholders Approve All Resolutions at 60th AGM, Re-Appoint MD Suresh Sodani

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 20 Aug 2026, 07:10 PM

Century Enka Limited announced the voting results and Scrutinizer's Report for its 60th Annual General Meeting held on August 20, 2026. All proposed resolutions were passed with requisite majorities, including the re-appointment of Mr. Suresh Sodani as Managing Director & CEO for a further 2-year term from April 1, 2027, to March 31, 2029 (99.53% votes in favor). Additionally, the re-appointment of Non-Executive Director Mrs. Rajashree Birla was approved with 96.21% votes in favor. Total registered shareholders as of the cut-off date stood at 39,275.

Shareholders approved all 6 resolutions at the 60th AGM held on August 20, 2026
MD & CEO Suresh Sodani re-appointed for 2 years (April 1, 2027 to March 31, 2029) with 99.53% favorable votes
Non-Executive Director Rajashree Birla re-appointed with 96.21% votes in favor
Total shareholder base on the record cut-off date was 39,275

💡 Track execution on the company's long-term product diversification into Polyester Tyre Cord Fabric (PTCF) and quarterly performance under existing leadership.

Century Enka Appoints Singhi & Co. as Statutory Auditors for 5 Years; Re-appoints MD Suresh Sodani

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 20 Aug 2026, 05:11 PM

Century Enka Limited announced that shareholders approved key resolutions at the 60th Annual General Meeting on August 20, 2026. M/s. Singhi & Co. was appointed as Statutory Auditors for a 5-year term from the 60th AGM to the 65th AGM, following the completion of the second term of M/s. KKC & Associates LLP. Additionally, Mr. Suresh Sodani was re-appointed as Managing Director & CEO for a 2-year term starting April 1, 2027 through March 31, 2029. Mrs. Rajashree Birla was also re-appointed as a Director liable to retire by rotation.

Appointment of M/s. Singhi & Co., Chartered Accountants, as Statutory Auditors for a 5-year term (60th to 65th AGM)
Outgoing auditors M/s. KKC & Associates LLP completed their statutory second term
Re-appointment of Mr. Suresh Sodani as MD & CEO for 2 years from April 1, 2027 to March 31, 2029
Re-appointment of Mrs. Rajashree Birla as Director liable to retire by rotation approved at the 60th AGM on August 20, 2026

💡 Track the seamless transition of statutory audit processes and monitor execution on strategic priorities, including the planned Polyester Tyre Cord Fabric expansion.

Century Enka Appoints Singhi & Co as Statutory Auditor for 5 Yrs; Re-appoints MD Suresh Sodani

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 20 Aug 2026, 04:59 PM

Century Enka Limited announced that shareholders at its 60th Annual General Meeting on August 20, 2026, approved key governance resolutions. M/s. Singhi & Co., Chartered Accountants, has been appointed as the Statutory Auditor for a five-year term (from the 60th AGM to the 65th AGM), replacing M/s. KKC & Associates LLP following the completion of their mandatory tenure. Additionally, Mr. Suresh Sodani has been re-appointed as Managing Director & CEO for an additional 2-year term from April 1, 2027, to March 31, 2029.

Appointment of M/s. Singhi & Co. (FRN: 302049E) as Statutory Auditors for a term of 5 consecutive years.
Outgoing auditor M/s. KKC & Associates LLP completed their second term at the conclusion of the 60th AGM.
MD & CEO Mr. Suresh Sodani re-appointed for a 2-year term effective April 1, 2027, to March 31, 2029.
Re-appointment of Mrs. Rajashree Birla as Director liable to retire by rotation.

💡 Track operational execution under MD Suresh Sodani, particularly the planned Polyester Tyre Cord Fabric (PTCF) expansion and cash deployment across upcoming quarters.

Century Enka Re-Appoints Suresh Sodani as MD & CEO for 2 Years; Appoints New Statutory Auditor

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 20 Aug 2026, 04:53 PM

Century Enka Limited announced that shareholders at its 60th AGM on 20th August 2026 approved the re-appointment of Mr. Suresh Sodani as Managing Director & CEO for an additional 2-year term from 1st April 2027 to 31st March 2029. Additionally, M/s. Singhi & Co. was appointed as Statutory Auditor for a 5-year term (from the 60th to the 65th AGM), succeeding M/s. KKC & Associates LLP upon completion of their second term. Mrs. Rajashree Birla was also re-appointed as a Director liable to retire by rotation.

Shareholders approved re-appointment of Mr. Suresh Sodani as MD & CEO for a 2-year term from 1st April 2027 to 31st March 2029.
M/s. Singhi & Co. appointed as Statutory Auditors for 5 consecutive years from the 60th AGM to the 65th AGM.
M/s. KKC & Associates LLP completed their second term as Statutory Auditors.
Mrs. Rajashree Birla re-appointed as Director liable to retire by rotation at the 60th AGM on 20th August 2026.

💡 Track leadership execution on strategic initiatives, including the planned entry into Polyester Tyre Cord Fabric (PTCF) by FY27 and product mix shift to value-added yarns.

Century Enka Shareholders Approve FY26 Dividend, MD Reappointment at 60th AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 20 Aug 2026, 04:33 PM

Century Enka Limited concluded its 60th Annual General Meeting on August 20, 2026, where shareholders passed all proposed resolutions with requisite majority. Key approvals include the adoption of FY26 financial statements, declaration of dividend for FY26, and appointment of M/s. Singhi & Co. as statutory auditors for a 5-year term. Additionally, shareholders approved the reappointment of Mr. Suresh Sodani as MD & CEO for an additional 2-year term from April 1, 2027 to March 31, 2029.

Shareholders approved all 6 resolutions at the 60th AGM held on August 20, 2026
M/s. Singhi & Co. appointed as Statutory Auditor for a 5-year term from the 60th AGM to 65th AGM
Reappointment of MD & CEO Suresh Sodani approved for 2 years from April 1, 2027 to March 31, 2029
Adoption of FY26 audited accounts and FY26 equity dividend declaration approved

💡 Track subsequent disclosures for the final e-voting result tally and the timeline for FY26 dividend payout to eligible shareholders.

CRISIL assigns 'ESG 58' and 'Core ESG 61' ratings to Century Enka for FY2026

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 11 Aug 2026, 08:26 PM

CRISIL ESG Ratings & Analytics has voluntarily assigned Century Enka an ESG rating of 58 and a Core ESG rating of 61 for FY2026. These ratings were issued independently based on publicly available data without a formal engagement from the company. This provides an external benchmark for the company's sustainability performance as it manages a transition from commodity Nylon Tyre Cord Fabric (NTCF) to value-added specialty yarns. The company currently maintains a strong financial position with a cash surplus of ₹368 Cr and a low debt-to-equity ratio of 0.01.

Assigned a 'Crisil ESG 58' rating for the FY2026 period
Assigned a 'Crisil Core ESG 61' rating based on independent analysis
Company holds ₹368 Cr in surplus cash for strategic deployment
TTM Revenue stands at ₹1706 Cr with a PAT of ₹100 Cr
Strategic shift targeting >50% volume from value-added Nylon Filament Yarn

💡 Investors should monitor if these ESG scores improve as the company executes its diversification into Polyester Tyre Cord Fabric (PTCF) by FY2027, which may attract ESG-focused institutional capital.

Century Enka Q1 FY27 PAT Jumps 301% to Rs 62 Cr; Rs 46 Cr Inventory Gain Aids Margins

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 31 Jul 2026, 02:44 PM

Century Enka reported a robust Q1 FY27 with revenue growing 38% YoY to Rs 554 Cr and PAT surging 301% to Rs 62 Cr. The performance was significantly bolstered by a one-time inventory gain of Rs 46.24 Cr, which helped expand EBITDA margins by 1050 bps YoY to 15.46%. Operational volumes grew 12% YoY to 19,199 MT, led by a 69% jump in tyre cord fabric sales. Management expects margins to normalize as low-cost inventory is consumed, while focusing on the upcoming Polyester Tyre Cord Fabric (PTCF) launch in H2 FY27.

Revenue reached Rs 554 Cr, a 38% YoY increase, representing approximately 32% of TTM revenue in a single quarter.
EBITDA margin expanded to 15.46%, aided by a Rs 46.24 Cr one-time inventory gain from low-cost opening stock.
Tyre cord fabric sales grew 69% YoY to Rs 306 Cr, benefiting from GST cuts on tyres and automobiles.
Renewable power share stood at 40% for the quarter, with an additional 10.5 MW capacity expected to commission in H2 FY27.
Commercial sales for the new Polyester Tyre Cord Fabric (PTCF) segment are on track to commence in H2 FY27.

💡 Investors should monitor the sustainability of margins in Q2 FY27 as the one-time inventory gains fade and track the execution of the PTCF project which is critical for long-term diversification.

Century Enka announces Rs 11/share dividend; sets Aug 13 deadline for TDS documentation

🟡 NEUTRAL ⭐ 4/10

DIVIDEND 📅 30 Jul 2026, 12:50 PM

Century Enka has issued a tax advisory for its recommended dividend of Rs 11 per share (110% of face value) for FY26. Shareholders must submit necessary tax-related documents, such as Form 121 or Tax Residency Certificates, by August 13, 2026, to ensure correct withholding rates. The dividend is subject to approval at the Annual General Meeting (AGM) on August 20, 2026, with payments scheduled to begin on or after August 24, 2026. For resident individuals, a 10% TDS applies if the total dividend exceeds Rs 10,000, while non-residents face a 20% base rate unless DTAA benefits are validly claimed.

Recommended dividend of 110% amounting to Rs 11 per equity share for FY ended March 31, 2026
Deadline for submitting tax-related documents to the RTA is August 13, 2026
Annual General Meeting (AGM) to approve the dividend is scheduled for August 20, 2026
Dividend payment to eligible shareholders will commence on or after August 24, 2026
TDS rate of 20% will be applied if PAN is not linked with Aadhaar or is otherwise invalid

💡 Shareholders should verify their PAN-Aadhaar linking status and submit Form 121 (formerly 15G/H) to the RTA by August 13 to avoid a 20% tax deduction if eligible for lower rates.

Century Enka releases Q1-FY27 earnings call recording; focus on Rs 368 Cr cash deployment

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 29 Jul 2026, 03:55 PM

Century Enka has released the audio recording of its Q1-FY27 earnings conference call held on July 29, 2026. The company is currently managing a strategic transition, aiming to increase value-added Nylon Filament Yarn (NFY) to over 50% of its volume within 2-3 years. Investors should focus on management's commentary regarding the deployment of its Rs 368 Cr cash surplus and the progress of the Polyester Tyre Cord Fabric (PTCF) project. FY26 performance showed a recovery with PAT at Rs 100.44 Cr, up from Rs 65.75 Cr in FY25.

Earnings conference call for Q1-FY27 held on July 29, 2026, at 12:00 noon
Company maintains a strong cash and equivalents position of Rs 368 Cr
Strategic target to move value-added NFY products to >50% of volume in 2-3 years
New Polyester Tyre Cord Fabric (PTCF) segment expected to contribute to revenue by FY27
Company holds a 25% market share in the Nylon Tyre Cord Fabric (NTCF) segment

💡 Investors should review the recording for updates on the PTCF project execution and management's strategy to counter pricing pressure from Chinese imports.

Rs 11 Dividend: Century Enka Sets August 13 Record Date for 60th AGM

🟡 NEUTRAL ⭐ 4/10

DIVIDEND 📅 28 Jul 2026, 11:23 PM

Century Enka has announced the schedule for its 60th Annual General Meeting (AGM) to be held on August 20, 2026. The company has fixed August 13, 2026, as the record date for a dividend of Rs 11 per equity share. This announcement follows a fiscal year (FY26) where the company reported a net profit of Rs 100.44 Cr. The company is currently dispatching notices to shareholders who have not registered their email addresses to ensure participation in the e-voting process.

Dividend of Rs 11 per equity share declared for the financial year 2025-26
Record date for dividend eligibility and e-voting cut-off is August 13, 2026
60th Annual General Meeting scheduled for August 20, 2026, via video conferencing
Remote e-voting period starts on August 16, 2026, and ends on August 19, 2026
Company reported TTM PAT of Rs 100.44 Cr and holds surplus cash of Rs 368 Cr

💡 Investors should ensure their KYC details are updated with their Depository Participant or RTA by August 13, 2026, to ensure seamless dividend credit.

Century Enka Q1-FY27 PAT Jumps 300% YoY to Rs 61.7 Cr; EBITDA Margins Expand to 15.5%

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 28 Jul 2026, 09:09 PM

Century Enka reported a robust Q1-FY27 with revenue growing 38.1% YoY to Rs 554.3 Cr. Profitability saw a significant surge, with PAT rising 300.6% YoY to Rs 61.7 Cr, driven by productivity improvements and one-time inventory gains from low-cost opening stock. EBITDA margins expanded by 1,050 bps YoY to 15.46%, though management expects margins to normalize as high-cost inventory is processed. The company maintains a strong liquidity position with net surplus cash of Rs 428.4 Cr, representing ~33% of its market capitalization.

Revenue from operations increased 38.1% YoY to Rs 554.3 Cr, accounting for ~32.5% of TTM revenue.
EBITDA grew 330.7% YoY to Rs 85.7 Cr, with margins expanding from 4.96% to 15.46% YoY.
Net Profit surged to Rs 61.7 Cr from Rs 15.4 Cr in the same quarter last year.
Net surplus cash on the balance sheet reached Rs 428.4 Cr as of June 2026.
Commercial sales for the new Polyester Tyre Cord Fabric (PTCF) segment are expected to commence in H2-FY27.

💡 Investors should monitor the sustainability of the 15.5% EBITDA margin, as management indicated it was supported by one-time inventory gains. Watch for the commercial launch of the PTCF segment in H2-FY27 as a key growth catalyst.

301% YoY PAT Growth: Century Enka Reports Strong Q1 FY27 Results

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 28 Jul 2026, 01:51 PM

Century Enka reported a robust performance for Q1 FY27, with consolidated revenue growing 38% YoY to ₹554.29 Cr. Net profit surged 301% YoY to ₹61.70 Cr, significantly exceeding the ₹15.38 Cr reported in the year-ago quarter. This performance reflects a sharp recovery in margins, with EPS jumping to ₹28.24 from ₹7.04 YoY. The company continues to manage a legacy excise dispute of ₹229.27 Cr, though the re-determined demand stands much lower at ₹7.30 Cr.

Consolidated Revenue from Operations increased 38% YoY to ₹554.29 Cr from ₹401.53 Cr.
Net Profit (PAT) surged 301% YoY to ₹61.70 Cr, up from ₹15.38 Cr in Jun 2025.
Earnings Per Share (EPS) for the quarter rose to ₹28.24 compared to ₹7.04 in the same period last year.
Total Expenses stood at ₹483.44 Cr, with cost of materials consumed accounting for ₹370.92 Cr.
The company maintains a contingent liability regarding an excise demand originally valued at ₹22,927 lacs (₹229.27 Cr), currently pending in the Supreme Court.

💡 Monitor the execution timeline of the Polyester Tyre Cord Fabric (PTCF) project slated for FY27 and the sustainability of current margins against volatile Caprolactam prices.

Century Enka Submits FY26 BRSR; Nylon Tyre Cord Fabric Accounts for 47.7% of Revenue

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Jul 2026, 05:54 PM

Century Enka has released its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26, detailing its operational and ESG metrics. The company's revenue remains heavily concentrated in Nylon Tyre Cord Fabric (47.74%) and Nylon Filament Yarn (46.83%), with exports contributing a small 4.26% of turnover. The report highlights a total workforce of 3,198 and a 33% female representation on the Board. While the filing is procedural, it confirms the company's reliance on segments currently facing structural shifts due to tyre radialization.

Nylon Tyre Cord Fabric (NTCF) remains the largest revenue contributor at 47.74% of turnover
Nylon Filament Yarn (NFY) follows closely, accounting for 46.83% of the total turnover
Exports contributed 4.26% to the total turnover, serving 6 international countries
Total workforce includes 496 employees and 2,702 workers, with 33% female representation on the Board
The company reported a turnover rate of 11.24% for permanent employees in FY 2025-26

💡 Investors should focus on the upcoming FY27 period when the new Polyester Tyre Cord Fabric (PTCF) segment is expected to start contributing to revenue, potentially offsetting the decline in bias tyre demand.

View All CENTENKA Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

In Q2 FY26, operating revenue of INR 409 Cr declined 24% YoY but grew 2% QoQ. For H1 FY26, revenue of INR 810 Cr was down 24% YoY. FY 2024-25 net revenue was INR 2,001.69 Cr, up 15% YoY from INR 1,744.15 Cr, driven by higher volumes in Nylon Tyre Cord Fabric (NTCF) and Nylon Filament Yarn (NFY).

Profitability Margins

Operating margins have been volatile: 12.7% in FY22, 6.9% in FY23, and 4.9% in FY24. For 9M FY25, margins improved to 6.8% due to sustained demand in the farm tyre segment. Q2 FY26 PAT margin was 5.46% on a profit of INR 22 Cr.

EBITDA Margin

Q2 FY26 EBITDA margin was 7.73% (EBITDA of INR 32 Cr), which declined 17% YoY but improved 59% QoQ. H1 FY26 EBITDA margin stood at 6.37% (EBITDA of INR 52 Cr), down 35% YoY.

Capital Expenditure

The company planned INR 30-35 Cr for value-added products in the NFY segment. Over the last three years, approximately INR 50 Cr has been invested in value-added products to shift away from low-margin commodity business.

Credit Rating & Borrowing

CRISIL maintains a 'Stable' outlook with a healthy financial risk profile. Interest coverage ratio was 21x as of March 31, 2024, and gearing was exceptionally low at 0.04 times. Annual debt obligations are approximately INR 15 Cr.

⚙️ Operational Drivers

Raw Materials

Caprolactam is the primary raw material, which is highly volatile and significantly impacts operating margins.

Capacity Expansion

Current focus is on value-added NFY products, with a target to have these exceed 50% of volume in 2-3 years. Entry into the Polyester Tyre Cord Fabric (PTCF) segment is expected to contribute starting FY27.

Raw Material Costs

Raw material volatility (Caprolactam) led to a margin decline from 12.7% in FY22 to 4.9% in FY24. Procurement strategies focus on offsetting margin pressure through product diversification.

📈 Strategic Growth

Expected Growth Rate

Growth Strategy

Growth will be achieved by expanding into the Polyester Tyre Cord Fabric (PTCF) segment by FY27, increasing the share of value-added Nylon Filament Yarn (NFY) to over 50% of volume, and deploying surplus cash of INR 368 Cr into new projects and verticals.

Products & Services

Nylon Tyre Cord Fabric (NTCF), Nylon Filament Yarn (NFY), and Polyester Tyre Cord Fabric (PTCF).

Brand Portfolio

Century Enka.

New Products/Services

Polyester Tyre Cord Fabric (PTCF) is the major new product launch expected to contribute to revenue starting in fiscal 2027.

Market Expansion

The company is exploring new segments and verticals to deploy its surplus cash position of INR 368 Cr.

Market Share & Ranking

Century Enka holds a 25% market share in the NTCF segment and is among the top three manufacturers in India.

Strategic Alliances

Established in 1965 as a collaboration between the BK Birla group and Enka International (part of Akzo Nobel).

🌍 External Factors

Industry Trends

The industry is seeing a major shift toward radialization in tyres, which disrupts the traditional NTCF market. The company is positioning itself by diversifying into polyester-based fabrics (PTCF).

Competitive Landscape

Competes with two other major domestic manufacturers and faces significant pressure from the unorganized market and Chinese imports.

Competitive Moat

Moat is built on a 25% market share in NTCF, backward integrated manufacturing, and strong financial flexibility with INR 368 Cr in cash and equivalents.

Macro Economic Sensitivity

High sensitivity to the tyre industry, which is expected to grow at high single-digit levels, and demand for two/three-wheelers and farm equipment.

Consumer Behavior

Shift in consumer preference toward radial tyres for better fuel efficiency and longevity is reducing the addressable market for NTCF.

Geopolitical Risks

Cheaper imports from China are a significant geopolitical and trade risk, impacting domestic volumes and pricing structures.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to pollution norms and import/export regulations, particularly those related to synthetic fiber manufacturing and chemical handling.

Environmental Compliance

The company was voluntarily assigned an ESG rating of 60 (Category: Average) by CFC Finlease Private Limited.

Taxation Policy Impact

The effective tax rate for FY25 was approximately 27.5% (INR 25.47 Cr tax on INR 92.57 Cr PBT).

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the pace of radialization in the tyre industry, which could reduce NTCF demand by more than expected. Caprolactam price volatility remains a constant margin risk.