Why Fundamental Investors Might Love Century Textiles and Industries Limited (NSE:CENTURYTEX)
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Attractive stocks have exceptional fundamentals. In the case of Century Textiles and Industries Limited (NSE:CENTURYTEX), there's is a notable dividend payer that has been able to sustain great financial health over the past. Below, I've touched on some key aspects you should know on a high level. For those interested in digger a bit deeper into my commentary, take a look at the report on Century Textiles and Industries here.
Excellent balance sheet average dividend payer
With a debt-to-equity ratio of 16%, CENTURYTEX’s debt level is reasonable. This means that CENTURYTEX’s capital structure strikes a good balance between low-cost debt funding and maintaining financial flexibility without overly restrictive terms of debt. CENTURYTEX seems to have put its debt to good use, generating operating cash levels of 4.1x total debt in the most recent year. This is also a good indication as to whether debt is properly covered by the company’s cash flows.
For those seeking income streams from their portfolio, CENTURYTEX is a robust dividend payer as well. Over the past decade, the company has consistently increased its dividend payout, reaching a yield of 0.7%.
Next Steps:
For Century Textiles and Industries, there are three important aspects you should further examine:
Future Outlook: What are well-informed industry analysts predicting for CENTURYTEX’s future growth? Take a look at our free research report of analyst consensus for CENTURYTEX’s outlook.
Historical Performance: What has CENTURYTEX's returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of CENTURYTEX? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
