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

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

Century Plyboards(I) Share Price

700 18.65 2.74%
as on 14-Jun'24 16:01

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):
49.39
Market Cap:
15,546.6 Cr.
52-wk low:
595
52-wk high:
849.4

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 Strong which suggest that the price of Century Plyboards (India) Ltd is likely to Rise 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 15.7%20.3%21.2%16.6%13.2%13.4%14.8%14.7%20.5%20.6%-
Value Creation
Index
0.10.50.50.20.00.00.10.10.50.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,2841,5651,6361,7821,9672,2642,2832,1133,0013,6213,759
Sales YoY Gr.-21.9%4.5%9%10.4%15.1%0.8%-7.4%42%20.7%-
Adj EPS 3.66.37.57.77.17.38.38.714.317.814.2
YoY Gr.-76.6%19.5%2.8%-8.4%4%13.1%5.3%63.5%24.6%-
BVPS (₹) 1317.423.631.937.743.648.356.970.485.498.1
Adj Net
Profit
78.8139166171157163184194317395315
Cash Flow from Ops. 30.6138289223283226426359269441-
Debt/CF from Ops. 163.61.62.722.40.60.40.80.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.2%13%16.6%20.7%
Adj EPS 19.6%20.3%29%24.6%
BVPS23.2%17.8%20.9%21.3%
Share Price 25.6% 33.7% 19% 11.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
29.14136.427.720.3181816.622.422.815.4
Op. Profit
Mgn %
12.91617.316.415.713.615.315.917.816.213.1
Net Profit
Mgn %
6.18.910.29.687.28.19.210.610.98.4
Debt to
Equity
1.71.30.90.90.70.60.30.10.10.10
Working Cap
Days
1621551511441481271181199810167
Cash Conv.
Cycle
95100988280716963515033

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 16.62%

Net Profit is growing at healthy rate in last 3 years 28.96%

Return on Equity has declined versus last 3 years average to 15.40%

Sales growth is not so good in last 4 quarters at 6.41%

Latest Financials - Century Plyboards (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 14.2 14.7
TTM Sales (₹ Cr.) 3,759 3,886
BVPS (₹.) 98.1 99.6
Reserves (₹ Cr.) 2,158 2,189
P/BV 7.13 7.03
PE 49.39 47.63
From the Market
52 Week Low / High (₹) 595.00 / 849.35
All Time Low / High (₹) 5.30 / 849.35
Market Cap (₹ Cr.) 15,547
Equity (₹ Cr.) 22.2
Face Value (₹) 1
Industry PE 44.4

Management X-Ray of Century Plyboards(I):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.010.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,2841,5651,6361,7821,9672,2642,2832,1133,0013,621
Operating Expenses 1,1361,3151,3521,4901,6611,9631,9791,7782,4663,084
Manufacturing Costs106122126139201258250220295333
Material Costs7618568429181,0231,1821,1481,0591,5221,942
Employee Cost 151193228257284328344318400458
Other Costs 117144157176153197236180250352
Operating Profit 148250284292306300304335535536
Operating Profit Margin (%) 11.5%16.0%17.3%16.4%15.6%13.3%13.3%15.9%17.8%14.8%
Other Income 9186237611112345
Interest 55434629334537111015
Depreciation 33454452815068636872
Exceptional Items 0000000-1200
Profit Before Tax 69180200234199212210261480494
Tax 229304842535269155127
Profit After Tax 67151170186157159158192325367
PAT Margin (%) 5.2%9.6%10.4%10.4%8.0%7.0%6.9%9.1%10.8%10.1%
Adjusted EPS (₹)3.06.87.68.47.17.27.18.614.616.5
Dividend Payout Ratio (%)33%29%13%12%14%14%14%12%10%6%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 2913885257098389691,0731,2651,5651,898
Share Capital 22222222222222222222
Reserves 2693655036868169471,0511,2431,5431,876
Minority Interest0000000000
Debt44645640555750246922197172265
Long Term Debt1188164147167132532400
Short Term Debt32837434141033533616873171264
Trade Payables596584141176163161214255284
Others Liabilities 178134627974105115170223191
Total Liabilities 9751,0431,0761,4861,5901,7051,5711,7452,2152,637

Fixed Assets

Gross Block3744162413457189471,0051,0261,1001,472
Accumulated Depreciation1622074495177219284345405472
Net Fixed Assets2122091972495427297216826961,000
CWIP 1923932841201982116532
Investments 384550969698114227155209
Inventories293320275264338401354330490503
Trade Receivables205268287335314294258297349385
Cash Equivalents 1817195417232175249260
Others Assets19116115520316314394112111248
Total Assets 9751,0431,0761,4861,5901,7051,5711,7452,2152,637

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 31138289223283226426359269441
PBT 69180200234199212210261480494
Adjustment 8384996311398151796998
Changes in Working Capital -110-9237-2825-2910263-171-30
Tax Paid -11-34-46-46-54-54-38-44-109-121
Cash Flow From Investing Activity -53-62-129-321-197-128-58-224-306-451
Capex -46-53-125-288-192-133-15-52-208-251
Net Investments -230002-21-175-65-8
Others 15-9-3-33-77-452-33-192
Cash Flow From Financing Activity -39-76-159133-123-94-369-1423412
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -22-38-158016-31-104-32-28-25
Interest Paid -56-42-47-29-33-4-38-11-9-14
Dividend Paid -6-39-500-22-22-440-22-33
Others 4443-4781-84-37-182-1009484
Net Cash Flow -62-1235-374-1-7-32
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)24.8944.6437.2830.0820.2617.5715.4916.4322.9921.19
ROCE (%)16.6326.7426.322.7817.117.7117.419.8130.9625.92
Asset Turnover Ratio1.511.681.671.51.31.441.451.341.591.56
PAT to CFO Conversion(x)0.460.911.71.21.81.422.71.870.831.2
Working Capital Days
Receivable Days51515759594742463735
Inventory Days67666151555758564848
Payable Days34273245575251655651

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 14-Jun-2024 16:01 is ₹700.0.
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 14-Jun-2024 16:01 the market cap of Century Plyboards(I) stood at ₹15,546.6.
The latest P/E ratio of Century Plyboards(I) as of 14-Jun-2024 16:01 is 49.39.
The latest P/B ratio of Century Plyboards(I) as of 14-Jun-2024 16:01 is 7.13.
The 52-week high of Century Plyboards(I) is ₹849.4 and the 52-week low is ₹595.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Century Plyboards(I) is ₹3,759 ( 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.

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.