Century Plyboards (India) Ltd logo

Century Plyboards (India) Ltd

CENTURYPLY NSE

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]

AI Verdict: HOLD Confidence: 5%

Century Plyboards trades at a steep PE of 62.8x with a modest 3-year ROE of 12%, making valuation hard to justify despite strong TTM sales growth of 19%. Analyst consensus leans bullish with 72% buy ratings, but declining promoter holding and low dividend payout signal caution.

Key Fundamentals

SmallcapPlywood Boards & LaminatesConsumer Goods
Market Cap
₹16,845 Cr
Volatility
Moderate
P/E Ratio
63.89
EBITDA
₹643 Cr
Return on Equity
20.1%
Debt to Equity
0.52
Book Value
₹117.47
EPS
₹12.61
52W High
₹859
52W Low
₹618.5

Technical Indicators

Key Insights

Weaknesses

5
  • Stock is trading at 6.43 times its book value
  • Promoter holding has decreased over last quarter: -0.81%
  • 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

Revenue Growth
18.93% ↗
Net Income Growth
41.89% ↗
Cash Flow Change
-101.08% ↘
ROE
-46.95% ↘
ROCE
-38.71% ↘
EBITDA Margin (Avg.)
8.58% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
HOLD
Risk high

Century Plyboards trades at a steep PE of 62.8x with a modest 3-year ROE of 12%, making valuation hard to justify despite strong TTM sales growth of 19%. Analyst consensus leans bullish with 72% buy ratings, but declining promoter holding and low dividend payout signal caution.

Bull Case 7
  • Strong TTM revenue growth of 19% indicates robust demand momentum in the building materials segment
  • 72% of analysts (13 out of 18) rate the stock a Buy, reflecting broad institutional confidence
  • 10-year compounded sales CAGR of 13% demonstrates consistent long-term top-line expansion
  • TTM profit growth of 38% shows significant margin expansion and operating leverage kicking in
  • 10-year stock CAGR of 15% has delivered meaningful wealth creation for long-term investors
  • 5-year compounded sales CAGR of 20% outpaces most building materials peers
  • Market cap of Rs 16,908 Cr provides adequate liquidity and index inclusion eligibility
Bear Case 8
  • PE ratio of 62.8x is extremely elevated for a building materials company with only 11% last-year ROE
  • Price-to-book of 6.46x is expensive given the low return on equity of 11.5% over 3 years
  • 3-year compounded profit CAGR is negative at -12%, indicating earnings volatility despite revenue growth
  • Promoter holding decreased by 0.81% last quarter, signaling potential insider confidence concerns
  • Dividend payout of only 9.10% of profits over 3 years with a yield of just 0.13% offers negligible income
  • ROE has declined from 16% (10-year average) to 11% (last year), showing deteriorating capital efficiency
  • Company might be capitalizing interest costs, potentially flattering reported profitability
  • Stock CAGR of only 2% over the last 1 year suggests the market is already pricing in growth concerns

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Positives 1
  • Subsidiary resin plant goes live May 28

    Century Adhesives & Chemicals Ltd. commenced commercial production at its resin manufacturing unit in Naidupetta, Andhra Pradesh on May 28, 2026, enhancing backward integration for the group.

Neutral 3
  • Trading window closed for Q1FY27 Jun 20

    Century Plyboards shuts trading window from July 1 until 48 hours after Q1FY27 results, in compliance with SEBI insider trading regulations.

  • Investor meet on June 8 Jun 2

    Company will attend an investor meeting in Mumbai on June 8, 2026; no unpublished price sensitive information to be shared.

  • Postal ballot for new director Jun 1

    Postal ballot scheduled to approve Dr. Rakesh Kumar Jain as Independent Director, with e-voting from June 8 to July 7, 2026.

TL;DR: Century Plyboards had a quiet period with mostly routine corporate governance actions. The key positive is the commissioning of a resin manufacturing subsidiary in Andhra Pradesh, which strengthens backward integration and could improve margins over time. No material headwinds emerged. The near-term catalyst to watch is Q1FY27 results, expected in July 2026.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
965
891
997
937
1,061
1,005
1,184
1,140
1,198
1,169
1,386
1,350
1,492
Expenses
802
758
853
831
923
894
1,072
1,011
1,064
1,041
1,211
1,180
1,315
Operating Profit
164
133
144
106
137
111
111
130
135
128
175
170
177
OPM %
17%
15%
14%
11%
13%
11%
9%
11%
11%
11%
13%
13%
12%
Other Income
16
12
15
9
8
-5
-2
2
2
2
2
-6
5
Interest
4
6
6
8
10
15
17
18
19
22
31
31
29
Depreciation
20
23
23
23
25
34
34
34
36
37
48
48
49
PBT
155
116
129
84
110
58
58
80
82
71
98
85
104
Tax %
26%
25%
25%
26%
28%
41%
31%
26%
35%
26%
28%
23%
23%
Net Profit
115
87
97
63
78
34
40
59
53
53
71
65
79
EPS in Rs
5.16
3.91
4.36
2.84
3.58
1.55
1.8
2.63
2.36
2.33
3.1
2.87
3.51
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
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
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
Operating Profit
256
290
313
332
305
280
336
532
583
521
487
650
OPM %
16%
18%
17%
16%
13%
12%
16%
18%
16%
13%
11%
12%
Other Income
18
6
22
7
3
13
6
21
23
44
-4
3
Interest
46
48
30
36
47
39
13
11
17
31
69
113
Depreciation
48
47
59
91
59
76
69
74
78
95
137
182
PBT
180
200
245
212
202
177
260
468
512
439
277
357
Tax %
16%
15%
21%
22%
26%
29%
26%
33%
26%
26%
33%
25%
Net Profit
150
170
193
166
149
125
191
313
377
325
186
268
EPS in Rs
6.7
7.6
8.57
7.34
6.68
6.78
8.62
14.09
16.93
14.69
8.34
11.82
Div. Payout %
30%
13%
12%
14%
15%
15%
12%
11%
6%
7%
12%
8%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
1,885
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
482
574
617
729
Total Liabilities
1,067
1,175
1,584
1,723
1,811
1,660
1,811
2,230
2,716
3,556
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
1,373
1,793
2,106
Total Assets
1,067
1,175
1,584
1,723
1,811
1,660
1,811
2,230
2,716
3,556
4,568
5,104
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
11
5
2
ROCE %
25%
26%
23%
18%
17%
14%
20%
30%
27%
18%
10%
11%

Shareholding Pattern

As of Mar 2026
Promoters 71.83%
DIIs 19.17%
FIIs 4.10%
Public 2.52%
Others 2.39%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
73.05%
73.05%
73.04%
73.04%
73.04%
73.04%
73.04%
73.04%
73.04%
73.04%
73.04%
73.04%
72.59%
72.59%
72.59%
72.64%
72.64%
72.64%
72.64%
72.64%
71.83%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
5.45%
6.28%
4.28%
4.44%
4.54%
4.61%
4.42%
4.27%
4.10%
4.10%
DIIs
12.22%
11.78%
13.00%
13.04%
11.05%
11.79%
12.36%
13.33%
13.72%
13.97%
14.49%
14.75%
14.51%
16.67%
16.96%
17.46%
17.59%
17.92%
18.14%
18.36%
19.17%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
6.36%
6.54%
5.36%
5.10%
5.20%
4.92%
4.47%
4.48%
4.42%
4.24%
3.94%
3.89%
3.88%
3.75%
3.40%
2.80%
2.72%
2.61%
2.57%
2.52%
2.52%
Others
8.38%
8.63%
8.60%
8.82%
10.70%
10.24%
10.12%
9.15%
8.82%
8.74%
8.53%
2.87%
2.74%
2.71%
2.60%
2.57%
2.44%
2.40%
2.38%
2.39%
2.39%
No. of Shareholders
0
47,649
61,976
53,944
59,193
66,466
63,931
61,805
63,619
60,141
58,830
65,541
71,157
71,658
64,765
57,326
57,179
53,649
52,127
52,075
50,320

Documents

Frequently Asked Questions about Century Plyboards (India) Ltd

What does Century Plyboards (India) Ltd do?
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]
Where is Century Plyboards (India) Ltd (CENTURYPLY) listed?
Century Plyboards (India) Ltd is listed on the Indian stock exchanges. It is listed on NSE: CENTURYPLY and BSE: 532548. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Century Plyboards (India) Ltd belong to?
Century Plyboards (India) Ltd operates in the Consumer Discretionary sector within the Consumer Durables industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Century Plyboards (India) Ltd?
Century Plyboards (India) Ltd has a market capitalisation of approximately ₹16845.16 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Century Plyboards (India) Ltd?
The Price-to-Earnings (PE) ratio of Century Plyboards (India) Ltd is 63.89. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Century Plyboards (India) Ltd?
Over the past 52 weeks, Century Plyboards (India) Ltd has traded between a low of ₹618.5 and a high of ₹859. This range helps investors understand the stock's price volatility and recent trading levels.
Does Century Plyboards (India) Ltd pay dividends?
Yes, Century Plyboards (India) Ltd has a dividend yield of 0.13%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Century Plyboards (India) Ltd?
Century Plyboards (India) Ltd has a Return on Equity (ROE) of 20.10%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Century Plyboards (India) Ltd on Tapetide?
On Tapetide, you can view Century Plyboards (India) Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

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]

Website centuryply.com
CEO Mr. Sajjan Bhajanka
Employees 7,396
Listed 2004-10-27
Face Value ₹ 1
Issued Size 22,21,72,990

Explore More

More in Consumer Discretionary → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List