CENTEXT - Century Extrus.
📢 Recent Corporate Announcements
Century Extrusions Limited reported a steady performance for Q3 FY26, with revenue from operations growing 18.3% YoY to ₹122.53 crore. Net profit for the quarter increased to ₹2.90 crore from ₹2.45 crore in the previous year's corresponding quarter. A significant highlight is the board's approval to raise up to ₹45 crore through a rights issue, reviving a capital-raising plan that was previously deferred in February 2025. For the nine-month period ended December 2025, the company achieved a total income of ₹336.75 crore and a net profit of ₹8.02 crore.
- Revenue from operations increased by 18.3% YoY to ₹122.53 crore in Q3 FY26.
- Net profit after tax grew 18.4% YoY to ₹2.90 crore for the quarter.
- Board approved a fundraise of up to ₹45 crore via a Rights Issue of equity shares.
- Nine-month EPS improved to ₹1.00 from ₹0.91 in the previous year.
- Auditors noted that potential financial impacts from new Labour Codes are currently under evaluation.
Century Extrusions Limited reported a steady performance for Q3 FY26, with revenue from operations growing 18.3% year-on-year to ₹122.53 crore. The company's net profit for the quarter increased to ₹2.90 crore, up from ₹2.45 crore in the same period last year. A major strategic highlight is the board's approval to raise up to ₹45 crore through a Rights Issue of equity shares. This fundraise follows a previously deferred attempt from 2025 and is intended to support the company's growth objectives.
- Revenue from operations increased by 18.3% YoY to ₹122.53 crore in Q3 FY26.
- Net profit for the quarter rose 18.4% YoY to ₹2.90 crore from ₹2.45 crore.
- Board approved a fundraise of up to ₹45 crore via a Rights Issue to existing shareholders.
- Nine-month (9M FY26) net profit reached ₹8.02 crore compared to ₹7.27 crore in the previous year.
- A Rights Issue Committee has been formed to determine the issue price, entitlement ratio, and record date.
Century Extrusions Limited (CENTEXT) reported a steady financial performance for Q3 FY26, with revenue growing 18.3% YoY to ₹122.53 crore. Net profit for the quarter increased by 18.4% YoY to ₹2.90 crore, maintaining consistent margins. A major highlight is the board's approval to raise up to ₹45 crore through a rights issue, a move previously deferred in 2025. This capital infusion is likely intended for expansion or strengthening the balance sheet, though specific objects were not detailed in the brief.
- Revenue from operations grew 18.3% YoY to ₹12,253 lacs in Q3 FY26 from ₹10,354 lacs in Q3 FY25.
- Net Profit after Tax (PAT) increased to ₹290 lacs for the quarter, up from ₹245 lacs in the same period last year.
- Board approved a fundraise of up to ₹45 crore via a Rights Issue of equity shares (Face Value ₹1).
- Nine-month (9M FY26) total income reached ₹33,675 lacs with a net profit of ₹802 lacs.
- A Rights Issue Committee has been established to determine the issue price, entitlement ratio, and record date.
Century Extrusions Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period ended December 31, 2025. The certificate, issued by CB Management Services Pvt. Ltd., confirms that share certificates received for dematerialization were processed and the register of members was updated within the mandated 15-day period. This is a standard regulatory filing ensuring the integrity of the company's shareholding records. No significant financial or operational changes were reported in this announcement.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Registrar CB Management Services Pvt. Ltd. confirmed processing of all dematerialization requests.
- Security certificates were mutilated and cancelled after due verification as per SEBI norms.
- Register of members updated with depository names within the required 15-day timeline.
Century Extrusions Limited has executed a credit facility agreement with Bandhan Bank for a total amount of Rs 18 crore. The facility, comprising both fund-based and non-fund-based limits, is specifically designated for the company's working capital requirements. Security for the loan includes a first pari passu charge on current and fixed assets, as well as a pledge of shares by the promoters. This arrangement is aimed at bolstering the company's operational liquidity for its day-to-day business activities.
- Executed a Credit Facility Agreement with Bandhan Bank for Rs 18 crore.
- The facility is intended for working capital purposes (Fund Based + Non-Fund Based).
- Security includes a first pari passu charge on all current and fixed assets (present and future).
- Promoters have pledged shares and provided personal guarantees as collateral for the loan.
Century Extrusions Limited has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI Insider Trading Regulations. This closure is a standard procedure preceding the announcement of the company's unaudited financial results for the quarter and nine months ending December 31, 2025. The window will remain closed for all designated persons and their immediate relatives until 48 hours after the results are disclosed to the stock exchanges. This is a routine regulatory filing and does not reflect any change in the company's business fundamentals.
- Trading window closure for all insiders and designated persons starts on January 1, 2026.
- The closure pertains to the financial results for the quarter and nine months ending December 31, 2025.
- Trading window will reopen 48 hours after the financial results are officially announced to BSE and NSE.
Financial Performance
Revenue Growth by Segment
The company operates in a single segment of Aluminium Extrusions. Total Operating Income (TOI) grew 15% YoY to INR 431.25 Cr in FY25 from INR 375.10 Cr in FY24. Previously, revenue grew 15% from INR 322.46 Cr in FY22 to INR 371.01 Cr in FY23, and remained stable with marginal growth to INR 375.10 Cr in FY24.
Geographic Revenue Split
The company maintains a diversified revenue profile with a pan-India presence serving approximately 500 customers. Specific regional percentage splits are not disclosed, but the profile is described as diversified across various sectors including industrial, power, and engineering.
Profitability Margins
Net Profit (PAT) margins have shown an upward trend, increasing from 1.60% in FY23 to 1.98% in FY24, and further to 2.30% in FY25. This improvement is driven by a shift toward value-added products in the portfolio. For H1 FY26, the company reported a Net Profit of INR 5.12 Cr on a Total Income of INR 213.90 Cr.
EBITDA Margin
EBITDA margins have remained stable at approximately 6% over the last two fiscal years. Absolute EBITDA increased 14% from INR 22.73 Cr in FY24 to INR 25.91 Cr in FY25 due to increased scale of operations. In FY23, the margin was 5.84% (INR 21.72 Cr).
Capital Expenditure
Not disclosed in available documents; however, the company maintains a comfortable capital structure with a long-term debt-equity ratio of 0.12x as of March 31, 2024.
Credit Rating & Borrowing
Ratings were reaffirmed with a 'Stable' outlook. Liquidity is 'Adequate' with average fund-based bank limit utilization at 79% for the 12 months ending May 2024. Interest costs increased in Q1 FY26 due to higher working capital utilization, impacting PAT which was INR 2.36 Cr compared to INR 2.43 Cr in Q1 FY25.
Operational Drivers
Raw Materials
Aluminium ingots and billets are the primary raw materials. Cost of materials consumed was INR 335.13 Cr in FY25, representing approximately 77.7% of total revenue.
Import Sources
Not specifically disclosed, but the company notes that aluminium prices have strong linkages to global markets and demand-supply factors.
Key Suppliers
Not disclosed in available documents, though the company maintains long-term relationships with suppliers established over three decades.
Capacity Expansion
Current and planned capacity in MT is not disclosed; however, growth in FY25 was driven by an increase in the scale of operations and a higher proportion of value-added products.
Raw Material Costs
Raw material costs are highly volatile as CEL procures materials at prices prevailing on the date of dispatch. In FY24, a decrease in metal prices led to lower sales realization despite higher volumes.
Manufacturing Efficiency
Efficiency is driven by economies of scale, which helped maintain EBITDA margins at 6.06% in FY24 despite fluctuations in metal prices.
Strategic Growth
Expected Growth Rate
15%
Growth Strategy
Growth is targeted through increasing the share of value-added products in the overall portfolio to improve sales realization and margins. The company also leverages its 30-year track record to expand its 500-customer base across the industrial, power, and engineering sectors.
Products & Services
Aluminium extruded products used in industrial, power sector, and engineering applications.
Brand Portfolio
Century Extrusions Limited (CEL).
New Products/Services
Focus on 'value-added products' which contributed to the increase in PAT margin to 2.30% in FY25.
Market Expansion
The company targets pan-India expansion, currently serving 500 customers across multiple industrial sectors.
External Factors
Industry Trends
The aluminium industry is cyclical. Current trends show a shift toward specialized, value-added extruded products to protect margins from commodity price volatility. The company is positioning itself by diversifying its sector exposure.
Competitive Landscape
The industry is characterized by cyclicality and exposure to global commodity price fluctuations, requiring high operational efficiency and diversified client bases.
Competitive Moat
The company's moat is built on a 30-year track record and established relationships with 500+ customers and suppliers. This long-standing presence provides a competitive advantage in a fragmented market.
Macro Economic Sensitivity
Highly sensitive to global aluminium price cycles and domestic demand in the power and engineering sectors.
Consumer Behavior
Demand is driven by B2B sectors like power and engineering; shifts toward infrastructure spending positively impact demand for extrusions.
Geopolitical Risks
Global market linkages for aluminium prices expose the company to international trade and geopolitical supply disruptions.
Regulatory & Governance
Industry Regulations
The company complies with Ind AS accounting standards and SEBI (LODR) Regulations 2015. It monitors risk management through an Audit Committee as per Section 177 of the Companies Act, 2013.
Taxation Policy Impact
Current tax for FY25 was INR 3.08 Cr. The company adopted Ind AS 115, which resulted in a profit increase of INR 69 Lacs for the half-year ended September 2025.
Legal Contingencies
In FY23, the company incurred an exceptional loss of INR 1.47 Cr due to a management decision to avail an amnesty scheme for settlement of outstanding disputes.
Risk Analysis
Key Uncertainties
Volatility in raw material prices (aluminium ingots/billets) can squeeze margins by 10-15% if price increases cannot be passed on immediately. Cyclicality in the metal industry remains a primary risk.
Geographic Concentration Risk
Low; the company has a pan-India presence with 500 customers.
Third Party Dependencies
Dependency on primary aluminium producers for ingots and billets; however, relationships are described as healthy and long-term.
Technology Obsolescence Risk
Not disclosed; however, the shift to value-added products suggests ongoing process adaptation.
Credit & Counterparty Risk
Receivables quality is not explicitly detailed, but the diversified base of 500 customers across multiple sectors mitigates individual counterparty risk.