Century Plyboards (India) Ltd

Century Plyboards (India) Ltd

₹ 814 1.88%
11 Dec 3:59 p.m.
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 18,085 Cr.
  • Current Price 814
  • High / Low 939 / 614
  • Stock P/E 81.7
  • Book Value 102
  • Dividend Yield 0.12 %
  • ROCE 18.0 %
  • ROE 15.8 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 8.02 times its book value
  • Company might be capitalizing the interest cost

* 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 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
814 855 901 889 909 884 965 891 997 937 1,061 1,005 1,184
654 705 740 746 786 755 802 758 853 831 923 894 1,072
Operating Profit 160 150 161 143 123 129 164 133 144 106 137 111 111
OPM % 20% 18% 18% 16% 14% 15% 17% 15% 14% 11% 13% 11% 9%
7 6 5 6 20 5 16 12 15 9 8 -5 -2
Interest 2 3 4 4 4 4 4 6 6 8 10 15 17
Depreciation 19 19 19 19 19 19 20 23 23 23 25 34 34
Profit before tax 146 135 144 126 120 110 155 116 129 84 110 58 58
Tax % 32% 30% 38% 26% 22% 25% 26% 25% 25% 26% 28% 41% 31%
99 94 89 93 94 82 115 87 97 63 78 34 40
EPS in Rs 4.46 4.23 3.99 4.15 4.23 3.70 5.16 3.91 4.36 2.84 3.58 1.55 1.80
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,182 1,348 1,588 1,641 1,818 2,024 2,280 2,317 2,130 3,027 3,647 3,886 4,187
1,058 1,188 1,333 1,351 1,506 1,692 1,975 2,037 1,795 2,495 3,064 3,365 3,721
Operating Profit 123 159 256 290 313 332 305 280 336 532 583 521 466
OPM % 10% 12% 16% 18% 17% 16% 13% 12% 16% 18% 16% 13% 11%
7 3 18 6 22 7 3 13 6 21 23 44 10
Interest 40 60 46 48 30 36 47 39 13 11 17 31 51
Depreciation 28 39 48 47 59 91 59 76 69 74 78 95 116
Profit before tax 62 63 180 200 245 212 202 177 260 468 512 439 309
Tax % 7% -1% 16% 15% 21% 22% 26% 29% 26% 33% 26% 26%
58 63 150 170 193 166 149 125 191 313 377 325 215
EPS in Rs 2.48 2.71 6.70 7.60 8.57 7.34 6.68 6.78 8.62 14.09 16.93 14.69 9.77
Dividend Payout % 10% 37% 30% 13% 12% 14% 15% 15% 12% 11% 6% 7%
Compounded Sales Growth
10 Years: 11%
5 Years: 11%
3 Years: 22%
TTM: 12%
Compounded Profit Growth
10 Years: 18%
5 Years: 17%
3 Years: 18%
TTM: -42%
Stock Price CAGR
10 Years: 19%
5 Years: 38%
3 Years: 8%
1 Year: 5%
Return on Equity
10 Years: 21%
5 Years: 18%
3 Years: 20%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 22 22 22 22 22 22 22 22 22 22 22 22 22
Reserves 234 271 367 507 693 829 953 1,068 1,245 1,535 1,885 2,189 2,234
542 580 514 474 611 575 532 295 165 236 327 771 1,256
138 150 164 171 257 296 304 274 379 437 482 569 613
Total Liabilities 936 1,024 1,067 1,175 1,584 1,723 1,811 1,660 1,811 2,230 2,716 3,552 4,125
273 316 246 250 312 655 843 785 762 776 1,069 1,913 1,946
CWIP 47 24 33 102 299 126 27 16 28 177 236 267 570
Investments 8 3 0 6 0 0 0 0 111 0 0 3 3
608 680 788 816 972 942 941 859 910 1,277 1,411 1,369 1,607
Total Assets 936 1,024 1,067 1,175 1,584 1,723 1,811 1,660 1,811 2,230 2,716 3,552 4,125

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
60 34 149 293 220 305 266 400 371 276 438 252
-182 -71 13 -139 -304 -250 -147 -25 -226 -320 -480 -578
154 -28 -158 -153 112 -100 -116 -377 -140 35 39 353
Net Cash Flow 33 -65 4 1 28 -46 3 -2 4 -9 -3 27

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 55 57 62 63 69 64 47 40 52 42 39 39
Inventory Days 114 141 144 133 123 142 146 125 130 128 101 116
Days Payable 42 28 27 38 57 65 51 48 73 61 52 51
Cash Conversion Cycle 127 170 179 157 134 141 143 118 108 109 87 104
Working Capital Days 94 105 110 101 105 92 80 69 64 66 57 65
ROCE % 7% 15% 25% 26% 23% 18% 17% 14% 20% 30% 27% 18%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.04% 73.04% 73.04% 73.04% 73.04% 73.04% 73.04% 73.04% 73.04% 72.59% 72.59% 72.59%
5.47% 6.86% 7.01% 6.96% 6.14% 5.78% 5.61% 5.61% 5.45% 6.28% 4.27% 4.44%
13.20% 11.19% 11.97% 12.50% 13.33% 13.71% 14.12% 14.48% 14.75% 14.51% 16.67% 16.96%
8.29% 8.91% 7.98% 7.50% 7.49% 7.45% 7.23% 6.86% 6.75% 6.61% 6.46% 6.00%
No. of Shareholders 59,19366,46663,93161,80563,61962,10360,14158,83065,54171,15771,65864,765

* 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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