Century Plyboards (India) Ltd - Stock Valuation and Financial Performance

BSE: 532548 | NSE: CENTURYPLY | Wood & Wood Products | Small Cap

Century Plyboards(I) Share Price

768.80 -25.65 -3.23%
as on 20-Dec'24 16:59

DeciZen - make an informed investing decision on Century Plyboards(I)

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Century Plyboards (India) stock performance -

mw4me loader
P/E Ratio (SA):
58.65
Market Cap:
17,080.7 Cr.
52-wk low:
614.3
52-wk high:
938.6

Is Century Plyboards (India) Ltd an attractive stock to invest in?

1. Is Century Plyboards (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Century Plyboards (India) Ltd is a good quality company.

2. Is Century Plyboards (India) Ltd undervalued or overvalued?

The key valuation ratios of Century Plyboards (India) Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Century Plyboards (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Century Plyboards (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Century Plyboards(I):

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Century Plyboards (India) Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 26.7%26.3%22.8%17.1%17.7%17.4%19.8%31%25.4%19.2%-
Value Creation
Index
0.90.90.70.30.30.20.51.30.90.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,5651,6361,7821,9672,2642,2832,1133,0013,5403,7593,975
Sales YoY Gr.-4.5%9%10.4%15.1%0.8%-7.4%42%18%6.2%-
Adj EPS 6.37.57.77.17.38.38.714.316.913.813.1
YoY Gr.-19.5%2.8%-8.4%4%13.1%5.3%63.5%18.7%-18.6%-
BVPS (₹) 17.423.631.937.743.648.356.970.48598.1103.7
Adj Net
Profit
139166171157163184194317376306291
Cash Flow from Ops. 138289223283226426359269421323-
Debt/CF from Ops. 3.61.62.722.40.60.40.80.61.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.2%10.7%21.2%6.2%
Adj EPS 9.2%13.5%16.5%-18.6%
BVPS21.2%17.6%19.9%15.5%
Share Price 17.3% 36.6% 10.1% -4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
4136.427.720.3181816.622.421.815.113
Op. Profit
Mgn %
1617.316.415.713.615.315.917.81613.111.9
Net Profit
Mgn %
8.910.29.687.28.19.210.610.68.27.3
Debt to
Equity
1.30.90.90.70.60.30.10.10.10.20
Working Cap
Days
1551511441481271181199810412767
Cash Conv.
Cycle
10098828071696351515727

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 21.16%

Net Profit is growing at healthy rate in last 3 years 16.46%

Return on Equity has declined versus last 3 years average to 13.00%

Sales growth is not so good in last 4 quarters at 9.22%

Latest Financials - Century Plyboards (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 13.1 9.8
TTM Sales (₹ Cr.) 3,975 4,187
BVPS (₹.) 103.7 101.6
Reserves (₹ Cr.) 2,308 2,234
P/BV 7.41 7.57
PE 58.65 78.71
From the Market
52 Week Low / High (₹) 614.25 / 938.60
All Time Low / High (₹) 5.30 / 938.60
Market Cap (₹ Cr.) 17,081
Equity (₹ Cr.) 22.2
Face Value (₹) 1
Industry PE 54

Management X-Ray of Century Plyboards(I):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.010.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Century Plyboards(I)

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,5651,6361,7821,9672,2642,2832,1133,0013,5403,759
Operating Expenses 1,3151,3521,4901,6611,9631,9791,7782,4663,0253,265
Manufacturing Costs122126139201258250220295309352
Material Costs8568429181,0231,1821,1481,0591,5221,9422,058
Employee Cost 193228257284328344318400447506
Other Costs 144157176153197236180250327350
Operating Profit 250284292306300304335535515494
Operating Profit Margin (%) 16.0%17.3%16.4%15.6%13.3%13.3%15.9%17.8%14.5%13.1%
Other Income 18623761111234540
Interest 43462933453711101425
Depreciation 45445281506863686481
Exceptional Items 000000-12000
Profit Before Tax 180200234199212210261480483427
Tax 29304842535269155134112
Profit After Tax 151170186157159158192325348315
PAT Margin (%) 9.6%10.4%10.4%8.0%7.0%6.9%9.1%10.8%9.8%8.4%
Adjusted EPS (₹)6.87.68.47.17.27.18.614.615.714.2
Dividend Payout Ratio (%)29%13%12%14%14%14%12%10%6%7%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 3885257098389691,0731,2651,5651,8882,180
Share Capital 22222222222222222222
Reserves 3655036868169471,0511,2431,5431,8662,158
Minority Interest0000000000
Debt45640555750246922197172264380
Long Term Debt81641471671325324000
Short Term Debt37434141033533616873171264380
Trade Payables6584141176163161214255274275
Others Liabilities 134627974105115170223182187
Total Liabilities 1,0431,0761,4861,5901,7051,5711,7452,2152,6093,022

Fixed Assets

Gross Block4162413457189471,0051,0261,1001,3501,443
Accumulated Depreciation2074495177219284345405393470
Net Fixed Assets209197249542729721682696958973
CWIP 23932841201982116532221
Investments 4550969698114227155209220
Inventories320275264338401354330490503599
Trade Receivables268287335314294258297349380396
Cash Equivalents 1719541723217524925841
Others Assets16115520316314394112111270572
Total Assets 1,0431,0761,4861,5901,7051,5711,7452,2152,6093,022

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 138289223283226426359269421323
PBT 180200234199212210261480483427
Adjustment 84996311398151796988103
Changes in Working Capital -9237-2825-2910263-171-28-98
Tax Paid -34-46-46-54-54-38-44-109-121-109
Cash Flow From Investing Activity -62-129-321-197-128-58-224-306-439-365
Capex -53-125-288-192-133-15-52-208-239-301
Net Investments 0002-21-175-65-8242
Others -9-3-33-77-452-33-192-306
Cash Flow From Financing Activity -76-159133-123-94-369-142341970
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -38-158016-31-104-32-28-250
Interest Paid -42-47-29-33-4-38-11-9-13-24
Dividend Paid -39-500-22-22-440-22-33-22
Others 43-4781-84-37-182-1009490116
Net Cash Flow -1235-374-1-7-3228
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)44.6437.2830.0820.2617.5715.4916.4322.9920.1815.47
ROCE (%)26.7426.322.7817.117.7117.419.8130.9625.3519.18
Asset Turnover Ratio1.681.671.51.31.441.451.341.591.531.38
PAT to CFO Conversion(x)0.911.71.21.81.422.71.870.831.211.03
Working Capital Days
Receivable Days51575959474246373636
Inventory Days66615155575856484952
Payable Days27324557525165565049

Century Plyboards (India) Ltd Stock News

Century Plyboards (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Century Plyboards(I) on 20-Dec-2024 16:59 is ₹768.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Century Plyboards(I) stood at ₹17,080.7.
The latest P/E ratio of Century Plyboards(I) as of 20-Dec-2024 16:59 is 58.65.
The latest P/B ratio of Century Plyboards(I) as of 20-Dec-2024 16:59 is 7.41.
The 52-week high of Century Plyboards(I) is ₹938.6 and the 52-week low is ₹614.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Century Plyboards(I) is ₹3,975 ( Cr.) .

About Century Plyboards (India) Ltd

Century Plyboards (India), incorporated in 1982, is well-known manufacturer of plywood and decorative veneers. The company was formed by Sajjan Bhajanka and Sanjay Agarwal. The manufacturing facility of company is located at Bishnupur near Joka, Kolkata.
 
The company has been the front-runner in applying innovation at work. This simple philosophy has been the cornerstone of all its processes and technologies. It has led to design and deliver contemporary lifestyle statements that have become synonymous with modern living. Its award winning products have been redefining Indian realty and bringing about a paradigm shift in the concept of living spaces. Century Plyboards (India) Ltd., came into existence in 1986 as a result of the foresightedness of two visionaries, Mr. Sajjan Bhajanka and Mr. Sanjay Agarwal. Since then, the company has taken giant strides and is today, the largest seller of multi-use plywood and decorative veneers in the Indian organized plywood market.

As the pioneers in Borer Proof Plywood and Boiling Water Resistant (BWR) Decorative Veneers and Laminates in India, the company has successfully created a niche in the highly competitive lifestyle segment. By giving more freedom to its users, it ensure they have more choices available that will help them in achieving what they desire. The company is continuously working on new product concepts for today's informed and discerning buyer - offering maximum choice to try out numerous permutations and combinations.

CenturyPly is the unprecedented choice of architects and interior designers - they strongly recommend its products for transforming ordinary steel and concrete structures to expressions of one's personality. From flexible plywoods that offer a unique blend of form and functionality to specially treated, Fire Retardant plywoods that find use in a myriad of construction purposes, the company has the right products to target different building needs. Now, CenturyPly enjoys a unique brand identity as the market leader, with offerings that are considered industry benchmarks. It is guided by a simple philosophy of adding more value-for-money products and at the same time, improving upon its existing product portfolio through extensive research and customer feedback.

The company also had a successful run at the box office by associating itself with meaningful cinema and it seeks to strengthen this association over the coming years. As an aspirational, premium lifestyle brand, in perseverance, will power and determination. The company constantly communicate its identity amongst a larger audience through the medium of the moving arts. CenturyPly has collaborated with movies that show the undying human spirit, its indomitable willpower and propagate noble causes like Right to Education. By doing so, the ocmpany bring forth CenturyPly relentless pursuit of excellence and the will to succeed against all odds. Notable social welfare initiatives like “Education for all” seeks to educate children of its factory workers as well as adjacent areas, absolutely free of cost.

Business area of the company

The Company is primarily engaged in manufacturing and sale of Plywood, Laminates, Decorative Veneers, Medium Density Fiber Boards (MDF), Pre-laminated Boards, Particle Board and Flush Doors and providing Container Freight Station (CFS) services. The Company presently has manufacturing facilities near Kolkata, Karnal, Guwahati, Hoshiarpur, Kandla and Chennai. Container Freight station is located near Kolkata port.

Products

Plywood: CenturyPly, CenturyPly Architect, Club Prime, CenturyPly Marine, CenturyPly Elasto, CenturyPly 710+ BWP Marine, Sharonply, Maxima, Century Win MR, Sainik 710 and Sainik MR, Technopine, Fire wall, and Bond 710.

Laminates: Century Laminates, Starline, Monocore, Dark Forest, and Progettowood.

Exteria: Century Exteria.

Veneer: Natzura Woods, and Senzura Styles.

Blockboard: Sainik, Bond 710, Century Club Prime, Sainik 710 and Sainik MR, and Century Win MR.

Doors: Club Prime, Pro, Sainik, and Century Doorframe.

Prelams: Century Prelams.

FaceVeneers: Century Face Veneers.

New-age products: Century PVC (Starke Boards), and Zykron (Fibre Cement Board).

MDF: Century MDF, Prowud, Century Premium Plus, and Century HDF.

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