Century Plyboards (India) Ltd

Century Plyboards (India) Ltd

₹ 677 -0.21%
18 May - close price
About

Century Plyboards India Ltd was incorporated in January 1982 by Mr. Sajjan Bhajanka and Mr. Sanjay Agarwal. The company has a diversified portfolio & manufactures plywood, veneer, laminates, medium density fibre (MDF), particle board and allied products. [1]

Key Points

Largest player of Plywood in India
The company is a leading manufacturer and supplier of plywood with a 29% market share in the organized plywood market of India.[1]The Indian plywood industry is dominated by unorganized players, who account for ~70% of the total plywood market. [2]

  • Market Cap 15,049 Cr.
  • Current Price 677
  • High / Low 850 / 552
  • Stock P/E 42.8
  • Book Value 92.2
  • Dividend Yield 0.15 %
  • ROCE 27.8 %
  • ROE 22.9 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 20.5% CAGR over last 5 years

Cons

  • Stock is trading at 7.35 times its book value
  • Promoter holding has decreased over last quarter: -0.45%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
654 739 449 808 848 895 881 900 877 962 882 988 934
533 612 388 648 697 734 736 796 752 799 752 848 827
Operating Profit 122 127 61 161 152 161 145 104 125 163 130 140 107
OPM % 19% 17% 14% 20% 18% 18% 16% 12% 14% 17% 15% 14% 11%
-11 4 5 7 6 5 6 19 6 14 10 9 9
Interest 1 3 3 2 2 3 4 3 4 4 6 6 8
Depreciation 16 16 16 17 17 17 18 18 18 19 22 22 22
Profit before tax 94 112 47 149 138 146 130 102 109 154 113 121 86
Tax % 30% 25% 28% 31% 30% 38% 26% 25% 25% 27% 25% 26% 25%
66 83 34 103 97 91 96 76 81 113 84 90 65
EPS in Rs 2.96 3.75 1.53 4.64 4.38 4.10 4.34 3.43 3.66 5.08 3.79 4.07 2.91
Raw PDF
Upcoming result date: 24 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,118 1,131 1,284 1,565 1,636 1,782 1,967 2,264 2,283 2,113 3,001 3,621 3,766
980 1,018 1,135 1,315 1,352 1,490 1,661 1,963 1,979 1,778 2,466 3,035 3,226
Operating Profit 139 113 149 250 284 292 306 300 304 335 535 586 540
OPM % 12% 10% 12% 16% 17% 16% 16% 13% 13% 16% 18% 16% 14%
-9 7 8 18 6 23 7 6 11 -1 23 -4 41
Interest 40 39 55 43 46 29 33 45 37 11 10 15 23
Depreciation 27 27 33 45 44 52 81 50 68 63 68 72 84
Profit before tax 63 54 69 180 200 234 199 212 210 261 480 494 474
Tax % 5% 3% 3% 16% 15% 21% 21% 25% 25% 26% 32% 26%
60 53 67 151 170 186 157 159 158 192 325 367 352
EPS in Rs 2.70 2.37 3.01 6.79 7.64 8.35 7.05 7.14 7.12 8.64 14.64 16.51 15.85
Dividend Payout % 37% 11% 33% 30% 13% 12% 14% 14% 14% 12% 10% 6%
Compounded Sales Growth
10 Years: 12%
5 Years: 13%
3 Years: 17%
TTM: 6%
Compounded Profit Growth
10 Years: 23%
5 Years: 20%
3 Years: 37%
TTM: 2%
Stock Price CAGR
10 Years: 28%
5 Years: 32%
3 Years: 21%
1 Year: 18%
Return on Equity
10 Years: 23%
5 Years: 20%
3 Years: 21%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 22 22 22 22 22 22 22 22 22 22 22 22 22
Reserves 290 227 269 365 503 686 816 947 1,051 1,243 1,543 1,876 2,026
Preference Capital 0 0 0 0 0 0 0 0 0 0 0 0
354 468 491 502 460 602 543 519 280 147 214 278 318
116 121 135 161 157 244 278 278 275 375 436 461 453
Total Liabilities 782 838 917 1,050 1,142 1,555 1,659 1,767 1,629 1,787 2,215 2,637 2,819
174 186 212 209 197 249 542 729 721 682 696 1,000 1,011
CWIP 36 36 19 23 93 284 120 19 8 21 165 32 49
Investments 73 16 38 45 50 96 96 98 114 227 155 209 216
498 601 648 773 802 925 901 921 786 857 1,199 1,396 1,543
Total Assets 782 838 917 1,050 1,142 1,555 1,659 1,767 1,629 1,787 2,215 2,637 2,819

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
24 48 31 138 289 223 283 226 426 359 269 441
-48 -96 -53 -62 -129 -321 -197 -128 -58 -224 -306 -451
54 87 -39 -76 -159 133 -123 -94 -369 -142 34 12
Net Cash Flow 30 39 -62 -1 2 35 -37 4 -1 -7 -3 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 54 59 58 63 64 69 58 47 41 51 42 39
Inventory Days 106 113 141 137 119 105 121 124 113 114 117 95
Days Payable 47 42 28 28 36 56 63 50 51 74 61 53
Cash Conversion Cycle 113 129 170 172 147 117 116 121 103 91 99 80
Working Capital Days 93 103 109 108 99 98 86 76 62 58 62 67
ROCE % 20% 13% 17% 27% 26% 23% 17% 18% 17% 20% 31% 28%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.05% 73.04% 73.04% 73.04% 73.04% 73.04% 73.04% 73.04% 73.04% 73.04% 73.04% 72.59%
5.02% 5.05% 5.47% 6.86% 7.01% 6.96% 6.14% 5.78% 5.61% 5.61% 5.45% 6.28%
11.94% 13.15% 13.20% 11.19% 11.97% 12.50% 13.33% 13.71% 14.12% 14.48% 14.75% 14.51%
9.99% 8.76% 8.29% 8.91% 7.98% 7.50% 7.49% 7.45% 7.23% 6.86% 6.75% 6.61%
No. of Shareholders 61,97653,94459,19366,46663,93161,80563,61962,10360,14158,83065,54171,157

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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