Century Plyboards (India) Ltd

Century Plyboards (India) Ltd

₹ 773 1.26%
04 Dec 1:53 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 17,180 Cr.
  • Current Price 773
  • High / Low 939 / 614
  • Stock P/E 59.2
  • Book Value 104
  • Dividend Yield 0.13 %
  • ROCE 19.1 %
  • ROE 15.4 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 7.37 times its book value

* 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

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
808 848 895 881 900 877 939 882 988 910 1,026 952 1,063
648 697 734 736 796 752 782 752 848 805 902 833 941
Operating Profit 161 152 161 145 104 125 157 130 140 105 124 119 122
OPM % 20% 18% 18% 16% 12% 14% 17% 15% 14% 12% 12% 12% 12%
7 6 5 6 19 6 14 10 9 9 12 14 11
Interest 2 2 3 4 3 4 4 6 6 7 7 8 10
Depreciation 17 17 17 18 18 18 17 22 22 21 21 21 22
Profit before tax 149 138 146 130 102 109 150 113 121 85 108 103 102
Tax % 31% 30% 38% 26% 25% 25% 28% 25% 26% 26% 29% 29% 26%
103 97 91 96 76 81 107 84 90 64 77 74 76
EPS in Rs 4.64 4.38 4.10 4.34 3.43 3.66 4.83 3.79 4.07 2.86 3.47 3.33 3.41
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
1,131 1,284 1,565 1,636 1,782 1,967 2,264 2,283 2,113 3,001 3,540 3,759 3,951
1,018 1,135 1,315 1,352 1,490 1,661 1,963 1,979 1,778 2,466 2,975 3,265 3,481
Operating Profit 113 149 250 284 292 306 300 304 335 535 564 494 470
OPM % 10% 12% 16% 17% 16% 16% 13% 13% 16% 18% 16% 13% 12%
7 8 18 6 23 7 6 11 -1 23 -4 39 46
Interest 39 55 43 46 29 33 45 37 11 10 14 25 32
Depreciation 27 33 45 44 52 81 50 68 63 68 64 81 84
Profit before tax 54 69 180 200 234 199 212 210 261 480 483 427 399
Tax % 3% 3% 16% 15% 21% 21% 25% 25% 26% 32% 28% 26%
53 67 151 170 186 157 159 158 192 325 348 315 290
EPS in Rs 2.37 3.01 6.79 7.64 8.35 7.05 7.14 7.12 8.64 14.64 15.68 14.16 13.07
Dividend Payout % 11% 33% 30% 13% 12% 14% 14% 14% 12% 10% 6% 7%
Compounded Sales Growth
10 Years: 11%
5 Years: 11%
3 Years: 21%
TTM: 7%
Compounded Profit Growth
10 Years: 17%
5 Years: 15%
3 Years: 16%
TTM: -20%
Stock Price CAGR
10 Years: 17%
5 Years: 36%
3 Years: 7%
1 Year: 11%
Return on Equity
10 Years: 21%
5 Years: 19%
3 Years: 20%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 227 269 365 503 686 816 947 1,051 1,243 1,543 1,866 2,158 2,282
468 491 502 460 602 543 519 280 147 214 265 381 713
121 135 161 157 244 278 278 275 375 436 456 461 536
Total Liabilities 838 917 1,050 1,142 1,555 1,659 1,767 1,629 1,787 2,215 2,609 3,022 3,554
186 212 209 197 249 542 729 721 682 696 958 973 959
CWIP 36 19 23 93 284 120 19 8 21 165 32 221 479
Investments 16 38 45 50 96 96 98 114 227 155 209 220 220
601 648 773 802 925 901 921 786 857 1,199 1,411 1,608 1,896
Total Assets 838 917 1,050 1,142 1,555 1,659 1,767 1,629 1,787 2,215 2,609 3,022 3,554

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
48 31 138 289 223 283 226 426 359 269 421 323
-96 -53 -62 -129 -321 -197 -128 -58 -224 -306 -439 -365
87 -39 -76 -159 133 -123 -94 -369 -142 34 19 70
Net Cash Flow 39 -62 -1 2 35 -37 4 -1 -7 -3 2 28

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 59 58 63 64 69 58 47 41 51 42 39 38
Inventory Days 113 141 137 119 105 121 124 113 114 117 94 106
Days Payable 42 28 28 36 56 63 50 51 74 61 52 49
Cash Conversion Cycle 129 170 172 147 117 116 121 103 91 99 82 96
Working Capital Days 103 109 108 99 98 86 76 62 58 62 68 106
ROCE % 13% 17% 27% 26% 23% 17% 18% 17% 20% 31% 27% 19%

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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