Century Plyboards logo

Century Plyboards

CENTURYPLY NSE

Key Fundamentals

SmallcapPlywood Boards & LaminatesConsumer Goods
Market Cap
₹16,160 Cr
Volatility
Moderate
P/E Ratio
54.78
EBITDA
₹661 Cr
Return on Equity
10.2%
Debt to Equity
0.68
Book Value
₹117.47
EPS
₹12.61
52W High
₹859
52W Low
₹618.5

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Weaknesses

4
  • Stock is trading at 6.10 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

Revenue Growth
19.16% higher than 3Y
Net Income Growth
44.17% higher than 3Y
Cash Flow Change
—
ROE
30.43% higher than 3Y
ROCE
24.68% higher than 3Y
EBITDA Margin (Avg.)
11.6% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk medium

Century Plyboards trades at a market cap of ~₹16,160 crore with a P/E of 54.5x and P/B of 6.24x, reflecting premium valuations. TTM sales growth is strong at 23%, but the 3-year compounded profit CAGR is negative at -12%, and trailing ROE has declined to ~11% from a 10-year average of 16%.

Bull Case 8
  • Strong TTM revenue growth of 23% YoY, well above the 10-year compounded sales CAGR of 13%, indicating accelerating topline momentum
  • TTM profit growth rebounded sharply at 46% YoY, suggesting operating leverage is kicking in after a period of margin compression
  • MDF segment growing rapidly — MDF revenue rose 28% YoY in Q3 FY26, and capacity has been doubled to 627,000 CBM, positioning the company in a high-growth panel category
  • Ambitious capacity expansion plan: ₹2,500 crore capex over 5 years targeting plywood expansion of 50%+ and MDF capacity expansion of 50%+ by FY29, with a revenue target of ₹12,000 crore by FY31
  • ICRA credit rating reaffirmed at AA (Stable) with A1+ for short-term instruments, reflecting strong debt coverage metrics and financial stability
  • Decent long-term wealth creation track record with 10-year stock CAGR of 13% and 5-year sales CAGR of 20%
  • Q3 FY26 EBITDA margin improved 125 bps YoY to 12.6%, indicating margin recovery after multiple quarters of contraction, with highest-ever consolidated EBITDA (ex-forex) of ₹181.7 crore reported in a recent quarter
  • Diversified product portfolio across plywood, MDF, laminates, and particle boards reduces single-segment dependency — plywood grew 15% YoY and laminates 17% YoY in recent quarters
Bear Case 8
  • P/E of 54.5x is elevated, especially given that the 3-year compounded profit CAGR is negative at -12% and 10-year profit CAGR is only 5%
  • Trading at 6.24x book value despite a low 3-year average ROE of just 11.5%, which does not justify the premium valuation
  • Dividend payout has been just 9.1% of profits over the last 3 years with a yield of only 0.14%, offering minimal income return to shareholders
  • EBITDA margins have been volatile — contracting 507 bps YoY in one quarter (to 9.4%) and 275 bps in another (to 11.2%), indicating vulnerability to input cost fluctuations and forex losses
  • ROE has deteriorated from a 10-year average of 16% to just 11% in the last year, suggesting declining capital efficiency
  • Company may be capitalizing interest costs, which could flatter reported profits and understate the true cost burden on the P&L
  • Stock price has underperformed with a 1-year return of -9% and 3-year CAGR of only 3%, despite the topline growth reacceleration
  • Heavy capex cycle of ₹2,500 crore ahead could pressure free cash flows and increase leverage, with particle board segment already showing weakness at -18% to -25% YoY declines in recent quarters

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

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Positives 1
  • ₹1 dividend recommended for FY26 Aug 24

    Century Plyboards recommended a final dividend of ₹1 per equity share for FY26, with record date set for September 9, 2026, pending AGM approval.

Neutral 1
  • FY26 BRSR report filed Aug 24

    Century Plyboards submitted its Business Responsibility and Sustainability Report for FY26, covering consolidated ESG metrics, renewable energy usage, and safety data across Indian operations.

TL;DR: Century Plyboards continues steady shareholder returns with a ₹1 per share dividend for FY26 and maintains regulatory compliance with its BRSR filing. No headwinds surfaced in the latest news cycle. The limited news flow suggests a quiet period with no major catalysts or risks on the immediate horizon.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
4,746
5,069
Operating Profit
256
290
313
332
305
280
336
532
583
521
487
651
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
2
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%
—
Figures in ₹ Crores

Balance Sheet

Particulars 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
1,892
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
697
Total Liabilities
1,067
1,175
1,584
1,723
1,811
1,660
1,811
2,230
2,716
3,552
4,568
5,072
Fixed Assets
246
250
312
655
843
785
762
776
1,069
1,913
2,042
2,804
CWIP
33
102
299
126
27
16
28
177
236
267
730
188
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
2,074
Total Assets
1,067
1,175
1,584
1,723
1,811
1,660
1,811
2,230
2,716
3,552
4,568
5,072
Figures in ₹ Crores

Cash Flow

Particulars 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

Particulars 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
12
5
2
ROCE %
25%
26%
23%
18%
17%
14%
20%
30%
27%
18%
10%
11%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Century Plyboards insights

64 extracted metrics + investor summaries across FY12–FY27.

Log in — free

Shareholding Pattern

Others2.40%Promot.71.83%Public2.51%FIIs3.86%DIIs19.41%As ofJun 2026

Documents

Frequently Asked Questions about Century Plyboards

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 trades as CENTURYPLY on the NSE and under code 532548 on the BSE.
Which sector does Century Plyboards (India) Ltd belong to?
Century Plyboards (India) Ltd is classified under the Consumer Goods sector, in the Plywood Boards & Laminates industry.
What is the market capitalisation of Century Plyboards (India) Ltd?
Century Plyboards (India) Ltd has a market capitalisation of ₹16,160 Cr, which places it in the Mid Cap band.
What is the PE ratio of Century Plyboards (India) Ltd?
Century Plyboards (India) Ltd trades at a PE ratio of 54.78, on earnings per share of ₹12.61, against a book value of ₹117.47 per share.
What is the 52-week high and low of Century Plyboards (India) Ltd?
Over the last 52 weeks Century Plyboards (India) Ltd has traded between ₹618.5 and ₹859.
Does Century Plyboards (India) Ltd pay dividends?
Century Plyboards (India) Ltd has a dividend yield of 0.14%.
What is the Return on Equity (ROE) of Century Plyboards (India) Ltd?
Century Plyboards (India) Ltd reported a return on equity of 10.20%. Its debt-to-equity ratio is 0.68.

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

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/CENTURYPLY.md for Century Plyboards (India) Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our MCP server.

Explore More

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