Century Extrusions assets climb 29% on working capital

Century Extrusions Limited reported total assets of Rs 241.47 crore at September 30, 2026, up 29% from Rs 187.46 crore at March 31, as inventories rose Rs 29.57 crore and trade receivables rose Rs 12.62 crore. The increase coincided with higher current liabilities, short-term borrowings and supplier-related funding.

Why did Century Extrusions’ balance sheet expand by 29%?

Century Extrusions’ balance sheet expanded mainly because current assets increased by Rs 48.64 crore in the six months to September 30, 2026. Total current assets reached Rs 182.13 crore from Rs 133.49 crore at March 31, while non-current assets increased by Rs 5.37 crore to Rs 59.34 crore. Current assets therefore accounted for about 90% of the Rs 54.01 crore rise in total assets.

Inventories were the largest contributor to the movement, rising 43% to Rs 97.73 crore from Rs 68.16 crore. Trade receivables increased 35% to Rs 48.24 crore from Rs 35.62 crore. Other financial assets rose to Rs 3.59 crore from Rs 18 lakh, and other current assets increased to Rs 25.67 crore from Rs 22.81 crore.

The non-current asset movement was smaller but included a change in the composition of fixed and developing assets. Property, plant and equipment declined to Rs 21.80 crore at September 30 from Rs 24.89 crore at March 31, while capital work-in-progress rose to Rs 25.86 crore from Rs 18.73 crore. Intangible assets under development also increased to Rs 1.22 crore from Rs 43 lakh.

How did working-capital movements affect Century Extrusions’ cash flow?

Century Extrusions reported operating profit before working-capital changes of Rs 20.28 crore for the half year ended September 30, 2026, but inventory and receivable movements reduced the cash generated from that profit. Inventories used Rs 29.57 crore of cash, while trade and other receivables used Rs 19.88 crore. Cash generated from operations consequently amounted to Rs 5.46 crore before income-tax payments.

Trade payables and provisions provided Rs 34.63 crore of cash during the six months, partly offsetting the Rs 49.45 crore combined outflow from inventories and trade and other receivables. After Rs 3.21 crore of income-tax payments, net cash from operating activities was Rs 2.25 crore. That was lower than Rs 8.33 crore in the half year ended September 30, 2025.

The comparison shows a different cash outcome even as reported profit increased. Profit before tax rose to Rs 9.81 crore in the September 2026 half year from Rs 6.71 crore a year earlier, but operating cash flow declined by Rs 6.08 crore. The filing’s cash-flow line for trade and other receivables is broader than trade receivables on the balance sheet, which rose by Rs 12.62 crore, because it also includes other receivable categories.

Century Extrusions ended the half year with cash and cash equivalents of Rs 47 lakh, compared with Rs 28 lakh at March 31. Net investing cash outflow was Rs 8.49 crore, including Rs 8.96 crore of fixed-asset purchases, while net cash from financing activities was Rs 6.43 crore. These movements resulted in a Rs 19 lakh increase in cash and cash equivalents during the six-month period.

Which liabilities rose alongside Century Extrusions’ current assets?

Century Extrusions’ current liabilities increased by Rs 43.75 crore to Rs 142.05 crore at September 30, 2026, from Rs 98.30 crore at March 31. Current borrowings rose by Rs 9.27 crore to Rs 71.20 crore. The current-liability increase was close to the Rs 48.64 crore rise in current assets over the same six months.

Trade payables due to creditors other than micro and small enterprises increased by Rs 27.91 crore to Rs 54.55 crore. Dues to micro and small enterprises rose to Rs 20 lakh from Rs 12 lakh, while other current liabilities increased to Rs 12.23 crore from Rs 5.37 crore. The cash-flow statement’s Rs 34.63 crore inflow from trade payables and provisions is consistent with higher supplier-related liabilities and provisions during the period.

Non-current liabilities rose to Rs 9.03 crore from Rs 6.26 crore. Within that category, non-current borrowings increased to Rs 4.17 crore from Rs 21 lakh, while other financial liabilities declined to Rs 4.02 crore from Rs 4.82 crore. Total equity increased by Rs 7.49 crore to Rs 90.39 crore, comprising Rs 8 crore of share capital and Rs 82.39 crore of other equity.

What did Century Extrusions report for revenue, profit and borrowing cash flows?

Century Extrusions reported revenue from operations of Rs 308.36 crore for the half year ended September 30, 2026, compared with Rs 213.81 crore in the corresponding prior-year period. Profit after tax increased to Rs 7.38 crore from Rs 5.12 crore, while total comprehensive income rose to Rs 7.50 crore from Rs 5.13 crore. Basic and diluted earnings per share, not annualised, were Rs 0.92, compared with Rs 0.64 a year earlier.

The higher revenue was accompanied by higher expenses. Cost of materials consumed increased to Rs 273.35 crore from Rs 170.27 crore, and finance cost increased to Rs 7.29 crore from Rs 5.69 crore. Total expenses rose to Rs 298.99 crore from Rs 207.19 crore, while profit before tax rose to Rs 9.81 crore from Rs 6.71 crore.

Financing activities generated Rs 6.43 crore of net cash in the September 2026 half year, compared with a net outflow of Rs 2.49 crore in the prior-year period. The 2026 figure included Rs 10.60 crore of proceeds from short-term borrowings and Rs 2.64 crore from long-term borrowings, offset by Rs 6.81 crore of interest paid. The filing separately reports current borrowings of Rs 71.20 crore at September 30.

Conclusion

Century Extrusions’ Rs 54.01 crore increase in total assets was concentrated in working capital, led by the Rs 29.57 crore inventory increase and Rs 12.62 crore rise in trade receivables. Operating profit before working-capital changes was Rs 20.28 crore, but higher inventory and receivable balances restricted net operating cash flow to Rs 2.25 crore. Higher payables, provisions and borrowings supplied part of the funding alongside the Rs 7.49 crore increase in equity.

The next disclosed development is a rights issue completed subsequent to the September 30 half year. Century Extrusions issued and allotted 30 crore partly paid equity shares with a face value of Rs 1 each at a premium of Rs 14 per share, on a ratio of three shares for every eight existing shares. The filing does not disclose the deployment of the rights-issue proceeds, making later disclosures on working capital, borrowings and cash flow relevant to watch.