Century Textiles &Industries Ltd

Century Textiles &Industries Ltd

Century Textiles and Industries Limited is a India-based company that operates in four segments. The Textiles segment’s products/services consist of yarn, cloth and denim cloth, viscose filament yarn and tyre yarn. The Pulp and Paper segment’s products/services consist of pulp, writing and printing paper, tissue paper, multilayer packaging board and fiber line. The Cement segment’s products/services consist of cement and clinker. Others include salt works, chemicals, floriculture and real estate. Its Rayon Division produces various specialty yarns, such as intermingled yarn, fancy yarn, carpet yarn and monofilament split yarn. The Company is a paper producer offering writing and printing grades, copier, specialty grades, and tissue and packaging boards. The sale of its ready-to-wear garments is marketed under Cottons by Century brand name. The Company’s new Textile mill, Birla Century, in Gujarat manufactures textile fabrics.

Recent developments

The worli textile division was closed down due to high Mfg cost and the textile market not doing that well .As cotton is no longer the white gold.

A new plant was opened at Bharuch nearly 10000Cr has been spent

Co is in talks to sell the paper &pulp division where it is expected to gain good valuation where the entire paper industry was rerated with the International paper acquiring AP Paper  ltd.

Where there is development of real estate business where Commercial, Residential will be developed from the Next yr Q1 the building at century bazaar is likely to be developed and its earnings will be seen in the balance sheet

off late 76% Plunge in profit Q1june 2011 when compared to Q1June 2010 where the co performed really badly but the other factors id positive news for the co with stock quoting below Rs 300 it a good bet with around 1 year perspective Target Rs 450.