Century Plyboards (India) Ltd

Century Plyboards (India) Ltd

₹ 635 -0.63%
19 Apr - 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 14,100 Cr.
  • Current Price 635
  • High / Low 850 / 497
  • Stock P/E 39.0
  • Book Value 93.3
  • Dividend Yield 0.16 %
  • ROCE 27.0 %
  • ROE 22.8 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 19.3% CAGR over last 5 years

Cons

  • Promoter holding has decreased over last quarter: -0.45%
  • 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

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
660 745 458 814 855 901 889 909 884 965 891 997 937
548 619 397 654 705 740 746 786 755 802 758 853 831
Operating Profit 112 126 60 160 150 161 143 123 129 164 133 144 106
OPM % 17% 17% 13% 20% 18% 18% 16% 14% 15% 17% 15% 14% 11%
1 10 5 7 6 5 6 20 5 16 12 15 9
Interest 2 3 3 2 3 4 4 4 4 4 6 6 8
Depreciation 18 18 18 19 19 19 19 19 19 20 23 23 23
Profit before tax 94 115 44 146 135 144 126 120 110 155 116 129 84
Tax % 30% 24% 30% 32% 30% 38% 26% 22% 25% 26% 25% 25% 26%
66 87 31 99 94 89 93 94 82 115 87 97 63
EPS in Rs 2.96 3.90 1.41 4.46 4.23 3.99 4.15 4.23 3.70 5.16 3.91 4.36 2.84
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,667 1,182 1,348 1,588 1,641 1,818 2,024 2,280 2,317 2,130 3,027 3,647 3,791
1,382 1,058 1,188 1,333 1,351 1,506 1,692 1,975 2,037 1,795 2,495 3,064 3,243
Operating Profit 285 123 159 256 290 313 332 305 280 336 532 583 547
OPM % 17% 10% 12% 16% 18% 17% 16% 13% 12% 16% 18% 16% 14%
-16 7 3 18 6 22 7 3 13 6 21 23 52
Interest 59 40 60 46 48 30 36 47 39 13 11 17 25
Depreciation 56 28 39 48 47 59 91 59 76 69 74 78 89
Profit before tax 156 62 63 180 200 245 212 202 177 260 468 512 485
Tax % 4% 7% -1% 16% 15% 21% 22% 26% 29% 26% 33% 25%
150 58 63 150 170 193 166 149 125 191 313 384 362
EPS in Rs 5.52 2.48 2.71 6.70 7.60 8.57 7.34 6.68 6.78 8.62 14.09 17.25 16.27
Dividend Payout % 18% 10% 37% 30% 13% 12% 14% 15% 15% 12% 11% 6%
Compounded Sales Growth
10 Years: 12%
5 Years: 13%
3 Years: 16%
TTM: 6%
Compounded Profit Growth
10 Years: 22%
5 Years: 19%
3 Years: 48%
TTM: 1%
Stock Price CAGR
10 Years: 34%
5 Years: 28%
3 Years: 23%
1 Year: 22%
Return on Equity
10 Years: 22%
5 Years: 19%
3 Years: 21%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 704 234 271 367 507 693 829 953 1,068 1,245 1,535 1,892 2,051
Preference Capital 0 0 0 0 0 0 0 0 0 0 0 0
1,048 542 580 514 474 611 575 532 295 165 236 327 483
413 138 150 164 171 257 296 304 274 379 437 475 698
Total Liabilities 2,187 936 1,024 1,067 1,175 1,584 1,723 1,811 1,660 1,811 2,230 2,716 3,254
413 273 316 246 250 312 655 843 785 762 776 1,069 1,092
CWIP 746 47 24 33 102 299 126 27 16 28 177 236 655
Investments 9 8 3 0 6 0 0 0 0 111 0 0 3
1,020 608 680 788 816 972 942 941 859 910 1,277 1,411 1,504
Total Assets 2,187 936 1,024 1,067 1,175 1,584 1,723 1,811 1,660 1,811 2,230 2,716 3,254

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
122 60 34 149 293 220 305 266 400 371 276 438
-417 -182 -71 13 -139 -304 -250 -147 -25 -226 -320 -480
334 154 -28 -158 -153 112 -100 -116 -377 -140 35 39
Net Cash Flow 38 33 -65 4 1 28 -46 3 -2 4 -9 -3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 43 55 57 62 63 69 64 47 40 52 42 39
Inventory Days 152 114 141 144 133 123 142 146 125 130 128 101
Days Payable 65 42 28 27 38 57 65 51 48 73 61 52
Cash Conversion Cycle 129 127 170 179 157 134 141 143 118 108 109 87
Working Capital Days 128 94 105 110 101 105 92 80 69 64 66 57
ROCE % 14% 7% 15% 25% 26% 23% 18% 17% 14% 20% 30% 27%

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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