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Century Plyboards (India)

CENTURYPLY NSE
₹657.70 +9.40 (+1.45%)
P/E
50.24
View as Markdown
MCP
Close 4 Nov 2026 ₹657.70 −98.90 −13.1% 1Y
Start ₹756.60

Key Fundamentals

SmallcapConsumer DurablesConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
11.50%
Debt to Equity
0.68
EPS (TTM)
₹13.09
Book Value
₹117.47
Market Cap
—
P/E (TTM)
50.24
P/B
5.60
ROE
10.80%
Dividend Yield
0.15%
EBITDA
₹661 Cr
52W High
₹859.00
52W Low
₹617.50
Day Range
₹648.05 – ₹689.95
Volume
4,53,905

Peer Comparison

Consumer Discretionary › Consumer Goods › Plywood Boards & Laminates › Plywood Boards/ Laminates

Century Plyboards peer comparison
Century Plyboards (this company)
₹657.7050.24₹14,747 Cr5.600.15%10.80%11.50%₹5,789 Cr₹298 Cr
Greenlam Industries
₹215.0058.90₹5,446 Cr4.650.19%5.02%8.12%₹3,169 Cr₹93 Cr
Stylam Industries
₹2,924.5029.26₹4,987 Cr5.520.09%19.90%26.60%₹1,173 Cr₹169 Cr
Greenply Industries
₹260.2532.98₹3,295 Cr3.360.19%11.80%14.30%₹2,863 Cr₹99 Cr
Euro Pratik Sales
₹187.2122.18₹1,754 Cr6.170.12%29.30%36.90%₹374 Cr₹89 Cr
Greenpanel Industries
₹135.32246.04₹1,688 Cr1.230.38%−2.13%−0.40%₹1,561 Cr₹7 Cr
Rushil Decor
₹17.9723.34₹511 Cr0.830.32%1.04%4.50%₹912 Cr₹22 Cr
Median 7 companies₹215.0032.98₹3,295 Cr4.650.19%10.80%11.50%₹1,561 Cr₹93 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

46 Average

Data confidence 100/100

Category scores

Quality
65
Good
Returns, margins, earnings quality 22% weight
Valuation
28
Poor
Cheap vs sector & own history 24% weight
Growth
76
Strong
Sales & profit trajectory 9% weight
Financial Health
44
Weak
Solvency, leverage, coverage 9% weight
Momentum
18
Poor
Trend strength, vol-adjusted 12% weight
Ownership
48
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

4
  • Stock is trading at 5.40 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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish955
OscillatorsNeutral252
Moving AveragesStrong Bearish703

Key readings

RSI (14)
45.83
Neutral
MACD (12,26,9)
−13.75
Bullish
SMA (50)
694.61
Bearish
SMA (200)
741.06
Bearish

As of

Analyst Rating

Based on 17 analysts
BUY76%

13 of 17 analysts rate Buy, 4 Hold, 0 Sell.

As of

BUY
13
76%
HOLD
4
24%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+12.64%
5Y+20.44%
3Y+13.96%
1Y+19.19%
TTM+23.41%

Net profit

Net profit growth by window
10Y+4.66%
5Y+7.01%
3Y−11.30%
1Y+44.09%
TTM+45.37%

Operating cash flow

Operating cash flow growth by window
10Y+4.55%
5Y+4.26%
3Y+1.43%
1YTurned positive
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−5.61 pp
5Y−3.71 pp
3Y−3.93 pp
1Y+1.30 pp
TTM+1.70 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,818 Cr
Mar 2018₹2,024 Cr
Mar 2019₹2,280 Cr
Mar 2020₹2,317 Cr
Mar 2021₹2,130 Cr
Mar 2022₹3,027 Cr
Mar 2023₹3,647 Cr
Mar 2024₹3,886 Cr
Mar 2025₹4,528 Cr
Mar 2026₹5,397 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹193 Cr
Mar 2018₹166 Cr
Mar 2019₹149 Cr
Mar 2020₹125 Cr
Mar 2021₹191 Cr
Mar 2022₹313 Cr
Mar 2023₹384 Cr
Mar 2024₹325 Cr
Mar 2025₹186 Cr
Mar 2026₹268 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹214 Cr +7.2% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 30 Oct 2026
AI opinion · based on fundamentals
Risk high

Century Plyboards trades at ₹635.4 as of 2026-10-30 with a market cap of ₹14,117 Cr, a PE of 48.54x, and ROE of 10.2%. The company shows strong TTM sales growth of 23% and TTM profit growth of 46%, but the stock has declined 14% over the past year and trades 26% below its 52-week high of ₹859.

Bull Case 6
  • TTM sales growth of 23% is robust and builds on a strong 5-year compounded sales CAGR of 20%, indicating sustained revenue momentum
  • TTM profit growth of 46% marks a sharp recovery after a 3-year compounded profit decline of -12%, suggesting operating leverage is kicking in
  • 10-year compounded sales CAGR of 13% reflects a long track record of consistent top-line expansion in the building materials space
  • ROCE of 14.55% is reasonable for a capital-intensive consumer goods manufacturer, indicating decent efficiency in deployed capital
  • Debt-to-equity ratio of 0.68 is manageable, suggesting the balance sheet is not over-leveraged despite ongoing capacity expansion
  • 10-year average ROE of 16% demonstrates the company has historically generated strong shareholder returns over a full business cycle
Bear Case 8
  • PE of 48.54x is elevated, implying the market is pricing in significant future growth that may already be reflected in the stock
  • Price-to-book of 5.41x is high for a building materials company, meaning investors pay a steep premium over the company's net asset value
  • 3-year compounded profit growth of -12% shows earnings contracted over a meaningful period despite sales growing at 14% CAGR over the same stretch, pointing to margin pressure
  • Current ROE of 10.2% and 3-year average ROE of roughly 12% are well below the 10-year average of 16%, indicating declining return generation
  • Stock has delivered a 1-year return of -14% and a 3-year CAGR of just 1%, significantly underperforming broader Indian equity indices
  • Dividend payout has been low at 9.10% of profits over the last 3 years, with a current yield of just 0.16%, offering minimal income to shareholders
  • The company may be capitalizing interest costs, which could flatter reported profitability and understate true operating expenses
  • 5-year stock CAGR of just 3% against a 5-year sales CAGR of 20% suggests the market has de-rated the stock over time, reflecting diminished investor confidence in earnings conversion

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

AI News Digest

12h ago

TL;DR: Century Plyboards is delivering strong earnings momentum with Q2 profit up 45% YoY alongside healthy revenue growth, suggesting improving operating leverage. The company is simultaneously expanding capacity domestically via the new Hoshiarpur plant and pushing into overseas markets through Singapore and Hong Kong subsidiaries. No material headwinds emerged in the latest news cycle. The trend is clearly improving, though execution on international expansion and ramp-up of new capacity will be key monitorables going forward.

Positives 3
  • Q2 profit surges 45% YoY Nov 4

    Net profit rose 45% YoY to ₹100 crore on revenue of ₹1,780 crore (up 29% YoY), with profit growth significantly outpacing revenue growth, indicating margin expansion.

  • Hoshiarpur plywood unit goes live Nov 2

    Commercial production began on November 2, 2026 at the new plywood manufacturing facility in Hoshiarpur, Punjab, adding fresh capacity.

  • Overseas expansion via subsidiaries Nov 4

    Plans to incorporate a wholly owned subsidiary in Singapore (CP Singapore Pte Limited) for laminate distribution and a step-down subsidiary in Hong Kong (HKFF Limited) for furniture fittings trading, both at nominal capital outlay.

Quarterly Results

₹ Cr
CENTURYPLY quarterly results, ₹ crore
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 (₹)
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

₹ Cr
CENTURYPLY profit and loss, annual, ₹ crore
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 (₹)
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

₹ Cr
CENTURYPLY balance sheet, annual, ₹ crore
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

Cash Flow

₹ Cr
CENTURYPLY cash flow, annual, ₹ crore
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/EBITDA
71
117
84
109
102
158
124
72
95
71
22
86

Ratios

CENTURYPLY financial ratios, annual
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 across FY13–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 71.83%
  • DIIs 19.49%
  • FIIs 3.61%
  • Public 2.57%
  • Others 2.51%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Century Plyboards (India)

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.
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 PE ratio of Century Plyboards (India) Ltd?
Century Plyboards (India) Ltd trades at a PE ratio of 50.24 as of 4 Nov 2026, on earnings per share of ₹13.09, 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 ₹617.5 and ₹859 as of 4 Nov 2026.
Does Century Plyboards (India) Ltd pay dividends?
Century Plyboards (India) Ltd has a dividend yield of 0.15%.
What is the Return on Equity (ROE) of Century Plyboards (India) Ltd?
Century Plyboards (India) Ltd reported a return on equity of 10.80%. 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.

Website centuryply.com
CEO Mr. Sajjan Bhajanka
Employees 7,396
Listed 27 Oct 2004
Face Value ₹1

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