Century Plyboards (India) Ltd
Century Plyboards (India) Ltd
Consumer GoodsKey Fundamentals
SmallcapPlywood Boards & LaminatesConsumer GoodsInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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54 extracted metrics + investor summaries across FY14–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Weaknesses
4- Stock is trading at 6.39 times its book value
- Company has a low return on equity of 11.5% over last 3 years.
- Company might be capitalizing the interest cost
- Dividend payout has been low at 9.10% of profits over last 3 years
Growth Rate
AI Analysis — Bull vs Bear
Century Plyboards trades at a market cap of ₹17,133 Cr with a PE of 56.9x and ROE of 11% last year. The company delivered strong TTM sales growth of 23% and profit growth of 46%, but its 3-year compounded profit CAGR is negative at -12%, reflecting earnings volatility.
- TTM sales growth of 23% indicates strong revenue momentum, well above the 10-year CAGR of 13%
- TTM profit growth of 46% shows sharp earnings recovery and operating leverage kicking in
- 5-year compounded sales CAGR of 20% demonstrates consistent top-line expansion over a meaningful period
- 10-year stock CAGR of 14% reflects long-term wealth creation for shareholders
- 10-year ROE averaging 16% indicates the business has historically generated solid returns on equity
- 5-year ROE of 15% suggests the company has maintained above-average capital efficiency over medium term
- 3-year sales CAGR of 14% shows the company grew through the post-COVID period without major disruption
- 5-year stock CAGR of 13% outpaces broader market indices over the same period
- PE of 56.9x is significantly elevated for a building materials company, demanding flawless execution to justify
- 3-year compounded profit CAGR of -12% reveals earnings declined over FY21-FY24, contradicting the growth narrative
- Price-to-book of 6.51x is stretched, especially with last year ROE dropping to 11%
- Last year ROE fell to 11% from the 5-year average of 15%, signalling deteriorating return efficiency
- Dividend payout of just 9.10% of profits over 3 years with a yield of 0.13% offers negligible income to shareholders
- 3-year ROE compressed to 12% from the 10-year average of 16%, indicating structural margin or capital allocation pressure
- Potential capitalization of interest costs may flatter reported profitability and understate true operating expenses
- 10-year compounded profit CAGR of only 5% against sales CAGR of 13% shows long-term margin compression and limited earnings scalability
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Q1FY27 profit up 57% YoY Aug 2
Consolidated net profit rose 57% YoY to ₹833 crore in Q1FY27, with revenue up 16.6% to ₹1,364 crore.
- Targets double-digit margin by Q4 Aug 4
Management has committed to achieving double-digit operating margins by Q4, signaling a focus on profitability recovery and operational efficiency.
- Attending investor conferences Aug 13-14 Aug 4
Century Plyboards will participate in EMKAY Confluence 2026 on Aug 13 and Equirus Annual India Conference on Aug 14 in Mumbai for investor meetings.
- AGM set for Sep 16, 2026 Jul 31
The 45th AGM is scheduled for September 16, 2026, with the dividend record date set at September 9, 2026.
- Q1FY27 earnings call on Aug 4 Jul 30
Conference call to discuss unaudited Q1FY27 results scheduled for August 4, 2026, at 2:30 PM IST.
- Senior President Rajkhowa resigns Aug 1
Ratan Rajkhowa, a 33-year veteran serving as Senior President, resigned effective July 31, 2026, citing personal reasons.
TL;DR: Century Plyboards delivered a strong Q1FY27 with 57% profit growth and 16.6% revenue expansion, while management targets double-digit margins by Q4. No material headwinds emerged this week, and the senior executive departure appears routine. The trend is clearly improving, with earnings momentum and margin recovery guidance providing a constructive near-term outlook.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 891 | 997 | 937 | 1,061 | 1,005 | 1,184 | 1,140 | 1,198 | 1,169 | 1,386 | 1,350 | 1,492 | 1,561 |
| Expenses | 758 | 853 | 831 | 923 | 894 | 1,072 | 1,011 | 1,064 | 1,041 | 1,211 | 1,180 | 1,315 | 1,364 |
| Operating Profit | 133 | 144 | 106 | 137 | 111 | 111 | 130 | 135 | 128 | 175 | 170 | 177 | 198 |
| OPM % | 15% | 14% | 11% | 13% | 11% | 9% | 11% | 11% | 11% | 13% | 13% | 12% | 13% |
| Other Income | 12 | 15 | 9 | 8 | -5 | -2 | 2 | 2 | 2 | 2 | -6 | 5 | 2 |
| Interest | 6 | 6 | 8 | 10 | 15 | 17 | 18 | 19 | 22 | 31 | 31 | 29 | 30 |
| Depreciation | 23 | 23 | 23 | 25 | 34 | 34 | 34 | 36 | 37 | 48 | 48 | 49 | 54 |
| PBT | 116 | 129 | 84 | 110 | 58 | 58 | 80 | 82 | 71 | 98 | 85 | 104 | 116 |
| Tax % | 25% | 25% | 26% | 28% | 41% | 31% | 26% | 35% | 26% | 28% | 23% | 23% | 28% |
| Net Profit | 87 | 97 | 63 | 78 | 34 | 40 | 59 | 53 | 53 | 71 | 65 | 79 | 83 |
| EPS in Rs | 3.91 | 4.36 | 2.84 | 3.58 | 1.55 | 1.8 | 2.63 | 2.36 | 2.33 | 3.1 | 2.87 | 3.51 | 3.61 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,588 | 1,641 | 1,818 | 2,024 | 2,280 | 2,317 | 2,130 | 3,027 | 3,647 | 3,886 | 4,528 | 5,397 | 5,789 |
| Expenses | 1,333 | 1,351 | 1,506 | 1,692 | 1,975 | 2,037 | 1,795 | 2,495 | 3,064 | 3,365 | 4,041 | 4,747 | 5,069 |
| Operating Profit | 256 | 290 | 313 | 332 | 305 | 280 | 336 | 532 | 583 | 521 | 487 | 650 | 720 |
| OPM % | 16% | 18% | 17% | 16% | 13% | 12% | 16% | 18% | 16% | 13% | 11% | 12% | 12% |
| Other Income | 18 | 6 | 22 | 7 | 3 | 13 | 6 | 21 | 23 | 44 | -4 | 3 | 3 |
| Interest | 46 | 48 | 30 | 36 | 47 | 39 | 13 | 11 | 17 | 31 | 69 | 113 | 121 |
| Depreciation | 48 | 47 | 59 | 91 | 59 | 76 | 69 | 74 | 78 | 95 | 137 | 182 | 200 |
| PBT | 180 | 200 | 245 | 212 | 202 | 177 | 260 | 468 | 512 | 439 | 277 | 357 | 403 |
| Tax % | 16% | 15% | 21% | 22% | 26% | 29% | 26% | 33% | 25% | 26% | 33% | 25% | — |
| Net Profit | 150 | 170 | 193 | 166 | 149 | 125 | 191 | 313 | 384 | 325 | 186 | 268 | 299 |
| EPS in Rs | 6.7 | 7.6 | 8.57 | 7.34 | 6.68 | 6.78 | 8.62 | 14.09 | 17.25 | 14.69 | 8.34 | 11.82 | 13.09 |
| Div. Payout % | 30% | 13% | 12% | 14% | 15% | 15% | 12% | 11% | 6% | 7% | 12% | 8% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 367 | 507 | 693 | 829 | 953 | 1,068 | 1,245 | 1,535 | 1,892 | 2,189 | 2,343 | 2,588 |
| Borrowings | 514 | 474 | 611 | 575 | 532 | 295 | 165 | 236 | 327 | 771 | 1,586 | 1,765 |
| Other Liabilities | 164 | 171 | 257 | 296 | 304 | 274 | 379 | 437 | 475 | 569 | 617 | 729 |
| Total Liabilities | 1,067 | 1,175 | 1,584 | 1,723 | 1,811 | 1,660 | 1,811 | 2,230 | 2,716 | 3,552 | 4,568 | 5,104 |
| Fixed Assets | 246 | 250 | 312 | 655 | 843 | 785 | 762 | 776 | 1,069 | 1,913 | 2,042 | 2,813 |
| CWIP | 33 | 102 | 299 | 126 | 27 | 16 | 28 | 177 | 236 | 267 | 730 | 180 |
| Investments | 0 | 6 | 0 | 0 | 0 | 0 | 111 | 0 | 0 | 3 | 3 | 6 |
| Other Assets | 788 | 816 | 972 | 942 | 941 | 859 | 910 | 1,277 | 1,411 | 1,369 | 1,793 | 2,106 |
| Total Assets | 1,067 | 1,175 | 1,584 | 1,723 | 1,811 | 1,660 | 1,811 | 2,230 | 2,716 | 3,552 | 4,568 | 5,104 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 149 | 293 | 220 | 305 | 266 | 400 | 371 | 276 | 438 | 252 | -3 | 457 |
| Investing | 13 | -139 | -304 | -250 | -147 | -25 | -226 | -320 | -480 | -578 | -678 | -425 |
| Financing | -158 | -153 | 112 | -100 | -116 | -377 | -140 | 35 | 39 | 353 | 660 | -22 |
| Net Cash Flow | 4 | 1 | 28 | -46 | 3 | -2 | 4 | -9 | -3 | 27 | -21 | 10 |
| Free Cash Flow | 156 | 143 | -84 | 60 | 109 | 377 | 317 | 19 | -45 | -593 | -666 | 47 |
| CFO/OP | 71 | 117 | 84 | 109 | 102 | 158 | 124 | 72 | 95 | 71 | 22 | 86 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 62 | 63 | 69 | 64 | 47 | 40 | 52 | 42 | 39 | 39 | 40 | 42 |
| Inventory Days | 144 | 133 | 123 | 142 | 146 | 125 | 130 | 128 | 101 | 116 | 148 | 143 |
| Days Payable | 27 | 38 | 57 | 65 | 51 | 48 | 73 | 61 | 52 | 51 | 54 | 53 |
| Cash Conversion Cycle | 179 | 157 | 134 | 141 | 143 | 118 | 108 | 109 | 87 | 104 | 135 | 131 |
| Working Capital Days | 21 | 22 | 21 | 26 | 24 | 40 | 42 | 39 | 26 | 12 | 5 | 2 |
| ROCE % | 25% | 26% | 23% | 18% | 17% | 14% | 20% | 30% | 27% | 18% | 10% | 11% |
Documents
Frequently Asked Questions about Century Plyboards (India) Ltd
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Company Information
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]