Century Plyboards (India) Ltd

Century Plyboards (India) Ltd

₹ 751 -2.60%
21 Nov - 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 16,762 Cr.
  • Current Price 751
  • High / Low 897 / 630
  • Stock P/E 72.4
  • Book Value 111
  • Dividend Yield 0.13 %
  • ROCE 10.4 %
  • ROE 8.47 %
  • Face Value 1.00

Pros

Cons

  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 8.25% of profits over last 3 years

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
909 884 965 891 997 937 1,061 1,005 1,184 1,140 1,198 1,169 1,386
786 755 802 758 853 831 923 894 1,072 1,011 1,064 1,041 1,211
Operating Profit 123 129 164 133 144 106 137 111 111 130 135 128 175
OPM % 14% 15% 17% 15% 14% 11% 13% 11% 9% 11% 11% 11% 13%
20 5 16 12 15 9 8 -5 -2 2 2 2 2
Interest 4 4 4 6 6 8 10 15 17 18 19 22 31
Depreciation 19 19 20 23 23 23 25 34 34 34 36 37 48
Profit before tax 120 110 155 116 129 84 110 58 58 80 82 71 98
Tax % 22% 25% 26% 25% 25% 26% 28% 41% 31% 26% 35% 26% 28%
94 82 115 87 97 63 78 34 40 59 53 53 71
EPS in Rs 4.23 3.70 5.16 3.91 4.36 2.84 3.58 1.55 1.80 2.63 2.36 2.33 3.10
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
1,348 1,588 1,641 1,818 2,024 2,280 2,317 2,130 3,027 3,647 3,886 4,528 4,894
1,188 1,333 1,351 1,506 1,692 1,975 2,037 1,795 2,495 3,064 3,365 4,041 4,327
Operating Profit 159 256 290 313 332 305 280 336 532 583 521 487 567
OPM % 12% 16% 18% 17% 16% 13% 12% 16% 18% 16% 13% 11% 12%
3 18 6 22 7 3 13 6 21 23 44 -4 8
Interest 60 46 48 30 36 47 39 13 11 17 31 69 90
Depreciation 39 48 47 59 91 59 76 69 74 78 95 137 154
Profit before tax 63 180 200 245 212 202 177 260 468 512 439 277 331
Tax % -1% 16% 15% 21% 22% 26% 29% 26% 33% 26% 26% 33%
63 150 170 193 166 149 125 191 313 377 325 186 236
EPS in Rs 2.71 6.70 7.60 8.57 7.34 6.68 6.78 8.62 14.09 16.93 14.69 8.34 10.42
Dividend Payout % 37% 30% 13% 12% 14% 15% 15% 12% 11% 6% 7% 12%
Compounded Sales Growth
10 Years: 11%
5 Years: 14%
3 Years: 14%
TTM: 17%
Compounded Profit Growth
10 Years: 3%
5 Years: 6%
3 Years: -15%
TTM: 4%
Stock Price CAGR
10 Years: 15%
5 Years: 30%
3 Years: 11%
1 Year: 9%
Return on Equity
10 Years: 18%
5 Years: 16%
3 Years: 15%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 22 22 22 22 22 22 22 22 22 22 22 22 22
Reserves 271 367 507 693 829 953 1,068 1,245 1,535 1,885 2,189 2,343 2,445
580 514 474 611 575 532 295 165 236 327 771 1,586 1,643
150 164 171 257 296 304 274 379 437 482 574 617 673
Total Liabilities 1,024 1,067 1,175 1,584 1,723 1,811 1,660 1,811 2,230 2,716 3,556 4,568 4,783
316 246 250 312 655 843 785 762 776 1,069 1,913 2,042 2,613
CWIP 24 33 102 299 126 27 16 28 177 236 267 730 273
Investments 3 0 6 0 0 0 0 111 0 0 3 3 3
680 788 816 972 942 941 859 910 1,277 1,411 1,373 1,793 1,895
Total Assets 1,024 1,067 1,175 1,584 1,723 1,811 1,660 1,811 2,230 2,716 3,556 4,568 4,783

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
34 149 293 220 305 266 400 371 276 438 252 -3
-71 13 -139 -304 -250 -147 -25 -226 -320 -480 -578 -678
-28 -158 -153 112 -100 -116 -377 -140 35 39 353 660
Net Cash Flow -65 4 1 28 -46 3 -2 4 -9 -3 27 -21

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 57 62 63 69 64 47 40 52 42 39 39 40
Inventory Days 141 144 133 123 142 146 125 130 128 101 116 148
Days Payable 28 27 38 57 65 51 48 73 61 52 51 54
Cash Conversion Cycle 170 179 157 134 141 143 118 108 109 87 104 135
Working Capital Days 10 21 22 21 26 24 40 42 39 26 11 5
ROCE % 15% 25% 26% 23% 18% 17% 14% 20% 30% 27% 18% 10%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
73.04% 73.04% 73.04% 73.04% 73.04% 72.59% 72.59% 72.59% 72.64% 72.64% 72.64% 72.64%
6.14% 5.78% 5.61% 5.61% 5.45% 6.28% 4.27% 4.44% 4.53% 4.61% 4.43% 4.28%
13.33% 13.71% 14.12% 14.48% 14.75% 14.51% 16.67% 16.96% 17.46% 17.59% 17.92% 18.13%
7.49% 7.45% 7.23% 6.86% 6.75% 6.61% 6.46% 6.00% 5.37% 5.16% 5.02% 4.95%
No. of Shareholders 63,61962,10360,14158,83065,54171,15771,65864,76557,32657,17953,64952,127

* 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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