Introduction:
Leading textile manufacturer faced an operational setback after a fire broke out at its NFY Spinning Plant in Gujarat. The incident, reported on February 26, 2025, temporarily disrupted production, but no casualties were reported. Restoration efforts are currently underway.
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Share price movement of Century Enka:
On February 27, 2025, Century Enka Ltd. opened at ₹590.20, down 10.03% from its previous close of ₹595.95. The stock reached a high of ₹595.20 and a low of ₹536.15. By 12:15 PM, it traded at ₹536.15, with a market cap of ₹1,171.52 crore.
Fire Disrupts Century Enka’s Operations:
A fire broke out at Century Enka Limited’s NFY Spinning Plant in Rajashree Polyfil, Gujarat, on February 26, 2025, at around 9:05 p.m. The incident was communicated to the exchange at 11:05 p.m. and was swiftly brought under control.
Although there were no reported injuries or casualties, production at the plant has been temporarily halted. The company is actively investigating the cause of the fire and assessing the actual damage. Necessary measures are being taken to restore operations as soon as possible.
Century Enka has confirmed that the plant is adequately insured, and the insurance company has been notified. The company does not expect the incident to have a material impact on its profitability, ensuring minimal financial disruption despite the temporary production halt.
Recent news on Century Enka:
As of February 17, 2025, Century Enka Ltd. reported a 9.51% YoY rise in net sales to ₹493.40 crore. Net profit surged 93.26% to ₹14.34 crore, while EBITDA grew 43.21% to ₹34.47 crore, strengthening its financial performance.
Ace investor holding in Century Enka:
Hitesh Ramji Javeri
Hitesh Ramji Javeri holds a 2.86% stake in Century Enka Ltd. with 625,000 shares, valued at ₹33.5 crore. His significant investment underscores confidence in the company’s growth potential and long-term business prospects in the textile industry.
Harsha Hitesh Javeri
Harsha Hitesh Javeri holds a 2.52% stake in Century Enka Ltd. with 550,000 shares, valued at ₹29.6 crore. This investment highlights strong confidence in the company’s future growth and stability within the textile industry.
Stock performance of Century Enka for Period of 1 week, 6 months and 1 year:
Century Enka Ltd. delivered a strong weekly return of 22.2%, reflecting positive momentum. Despite a 6-month decline of 18.7%, the stock has gained 32.4% over the past year, showcasing long-term resilience and growth in the textile sector.
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Shareholding pattern of Century Enka:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 24.90% | 25% | 24.90% |
| FII | 3.10% | 3.40% | 3.40% |
| DII | 9.40% | 9.40% | 9.60% |
| Public | 62.60% | 62.30% | 62.10% |
About Century Enka:
Century Enka Ltd (NSE: CENTENKA) manufactures industrial and textile yarns, including NTCF and NFY. Part of the Aditya Birla Group, its products serve tyre reinforcement, mining, and fashion industries, contributing to various automotive and textile applications across multiple sectors.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
