---
title: "Centron Industrial Alliance Ltd (606) — Share Price, Financials & Analysis"
symbol: "606"
company: "Centron Industrial Alliance Ltd"
canonical: "https://tapetide.com/stocks/606"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-09-13T19:02:23.322Z"
---

# Centron Industrial Alliance Ltd (606)

Canonical page: https://tapetide.com/stocks/606

## Company

- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** centronalliance.com

## About

Centron Industrial Alliance the Company deals in trading of various products.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.23 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 0.50% over last 3 years.
- Working capital days have increased from 213 days to 362 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 113% | 19% | 14% |
| revenue growth | -64% | 12% | 24% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 8.66 | 8.02 | 6.95 | 0.51 | 4.93 | 4.93 | 2.41 | 21.37 | 8.31 | 3.95 | 0.52 | 0.33 |
| Expenses | 8.63 | 7.85 | 6.93 | 0.49 | 4.93 | 4.92 | 2.36 | 21.31 | 8.28 | 3.93 | 0.5 | 0.2 |
| Operating Profit | 0.03 | 0.17 | 0.02 | 0.02 | 0 | 0.01 | 0.05 | 0.06 | 0.03 | 0.02 | 0.02 | 0.13 |
| OPM % | 0.35 | 2.12 | 0.29 | 3.92 | 0 | 0.2 | 2.07 | 0.28 | 0.36 | 0.51 | 3.85 | 39.39 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0.12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0.03 | 0.05 | 0.02 | 0.02 | 0 | 0.01 | 0.05 | 0.06 | 0.03 | 0.02 | 0.02 | 0.13 |
| Tax % | 0 | 0 | 0 | 150 | — | 0 | 0 | 83.33 | 0 | 0 | 0 | 0 |
| Net Profit | 0.03 | 0.06 | 0.02 | 0 | 0 | 0.01 | 0.05 | 0.02 | 0.03 | 0.02 | 0.02 | 0.13 |
| EPS in Rs | 0 | 0.01 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0.01 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 27.41 | 22.86 | 19.69 | 4.53 | 4.14 | 4.12 | 8.5 | 23.33 | 32.92 | 11.98 |
| Expenses | 27.77 | 23.81 | 20.68 | 5.12 | 4.74 | 4.72 | 9.11 | 23.96 | 33.42 | 12.58 |
| Operating Profit | -0.36 | -0.95 | -0.99 | -0.59 | -0.6 | -0.6 | -0.61 | -0.63 | -0.5 | -0.6 |
| OPM % | -1.31 | -4.16 | -5.03 | -13.02 | -14.49 | -14.56 | -7.18 | -2.7 | -1.52 | -5.01 |
| Other Income | 0.81 | 1.45 | 1.62 | 0.69 | 0.7 | 0.71 | 0.76 | 0.81 | 0.71 | 0.8 |
| Interest | 0.04 | 0.01 | 0 | 0 | 0 | 0 | 0.03 | 0.05 | 0.09 | 0 |
| Depreciation | 0.07 | 0.01 | 0.04 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0.34 | 0.48 | 0.59 | 0.1 | 0.1 | 0.11 | 0.12 | 0.13 | 0.12 | 0.2 |
| Tax % | 20.59 | 18.75 | 20.34 | 20 | 10 | 18.18 | 16.67 | 23.08 | 41.67 | 15 |
| Net Profit | 0.28 | 0.39 | 0.47 | 0.07 | 0.09 | 0.09 | 0.1 | 0.1 | 0.08 | 0.17 |
| EPS in Rs | 0.03 | 0.04 | 0.05 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 9.96 | 9.96 | 9.96 | 9.96 | 9.96 | 9.96 | 9.96 | 9.96 | 9.96 | 9.96 |
| Reserves | 12.14 | 12.53 | 12.97 | 12.98 | 13.07 | 13.16 | 13.26 | 13.36 | 13.44 | 13.6 |
| Borrowings | 1.48 | 0 | 0 | 0 | 0 | 0 | 0 | 1.05 | 0 | 0 |
| Other Liabilities | 7.17 | 2.28 | 2.43 | 0.22 | 0.23 | 0.25 | 0.23 | 0.28 | 0.24 | 0.15 |
| Total Liabilities | 30.75 | 24.77 | 25.36 | 23.16 | 23.26 | 23.37 | 23.45 | 24.65 | 23.64 | 23.71 |
| Fixed Assets | 1.28 | 0.11 | 0.07 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 3 | 3 | 3 | 3 | 1.3 | 1.3 | 5.4 | 5.4 | 5.4 | 5.44 |
| Other Assets | 26.47 | 21.66 | 22.29 | 20.15 | 21.95 | 22.06 | 18.04 | 19.24 | 18.23 | 18.26 |
| Total Assets | 30.75 | 24.77 | 25.36 | 23.16 | 23.26 | 23.37 | 23.45 | 24.65 | 23.64 | 23.71 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -18.49 | -1.85 | -1.36 | -0.63 | 2.13 | -0.28 | -3.44 | 2.72 | 0.25 | -0.89 |
| Cash from Investing Activity | -3.61 | 2.66 | 1.62 | 0.68 | -2.16 | 0.3 | 3.52 | -3.85 | 0.92 | 0.99 |
| Cash from Financing Activity | 22.56 | -1.21 | -0.3 | -0.01 | 0 | 0 | 0 | 1.05 | -1.05 | 0 |
| Net Cash Flow | 0.46 | -0.4 | -0.05 | 0.04 | -0.03 | 0.02 | 0.08 | -0.08 | 0.12 | 0.1 |
| Free Cash Flow | -19.84 | -0.86 | -1.36 | -0.63 | 2.13 | -0.28 | -3.44 | 2.72 | 0.25 | -0.89 |
| CFO/OP | 5117 | 185 | 125 | 103 | -358 | 43 | 561 | -437 | -60 | 143 |

### Ratios

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 91.48 | 4.79 | 34.66 | 0.81 | 150.76 | 152.38 | 0 | 0 | 0.22 | 0 |
| Inventory Days | 7.46 | 2.04 | 1.31 | 5.65 | 6.04 | 5.29 | 2.57 | 0.94 | 0.55 | 1.22 |
| Days Payable | 86.69 | 0 | 34.18 | 0 | 18.12 | 20.28 | 8.56 | 3.91 | 2.44 | 3.05 |
| Cash Conversion Cycle | 12.25 | 6.83 | 1.79 | 6.46 | 138.68 | 137.39 | -5.99 | -2.97 | -1.66 | -1.83 |
| Working Capital Days | 4.66 | -3.51 | -8.53 | 0.81 | 1219.31 | 1258.01 | 585.29 | 155.98 | 120.3 | 361.65 |
| ROCE % | 3.21 | 3 | 2.6 | 0.44 | 0.44 | 0.48 | 0.65 | 0.76 | 0.88 | 0.85 |

## Shareholding Pattern

### annual

| Category | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Sep 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Public | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| No. of Shareholders | 8324 | 8230 | 8261 | 8263 | 8287 | 8283 | 8290 |

### Quarterly

| Category | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Public | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| No. of Shareholders | 8269 | 8263 | 8268 | 8277 | 8281 | 8287 | 8288 | 8290 | 8286 | 8283 | 8282 | 8290 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 0 / 11 / 8

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 320.13 | Sell |
| EMA (10) | 319.57 | Sell |
| SMA (20) | 324.51 | Sell |
| EMA (20) | 322.1 | Sell |
| SMA (50) | 325.5 | Sell |
| EMA (50) | 329.3 | Sell |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 39.88 | Neutral |
| MACD (12,26,9) | -2.96 | Sell |
| Stochastic (14,3,3) | 42.03 | Neutral |
| ADX (14) | 15.25 | Neutral |
| Williams %R (14) | -76.62 | Neutral |
| ATR (14) | 13.43 | High Volatility |
| ROC (12) | -3.24 | Sell |
| Stoch RSI (14) | 30.54 | Neutral |
| UO (7,14,28) | 48.62 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/509499/71406509499.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/509499/66810509499.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/509499/5094990319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/509499/5094990318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/509499/5094990317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/509499/5094990316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/509499/5094990315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/509499/5094990314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/509499/5094990313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/509499/5094990312.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:02:23.322Z.