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Buy Century Plyboards Ltd For Target Rs.710 - JM Financial Institutional Securities Ltd Century Plyboards (Century) reported a weak quarter with revenue being flat YoY (-8% QoQ, +11% 4-year CAGR) while EBITDA/PAT declined 13%/16% YoY respectively. Demand momentum was weak, particularly in Apr’23, leading to weak growth in volume for Ply (+2% YoY /-14% QoQ) and MDF (+6% YoY; +4% 4yr CAGR) while Laminate volume was flat YoY. Timber prices remained high; however, that was offset by softening in key chemical prices, leading to gross margin expanding by 20bps YoY/30bps QoQ to 4...
Buy Century Plyboards Ltd For Target Rs.710 - JM Financial Institutional Securities Ltd
Buy Century Plyboards Ltd For Target Rs.710 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities
18/08/2023 2:49:15 PM
Buy Century Plyboards Ltd For Target Rs.740 - ICICI Securities Muted quarter, growth to pick up from 2HFY24E Century Plyboards (CPBI) reported YoY flat consolidated revenue growth in Q1FY24. Plywood / laminates / MDF revenues grew 3.1% / (-4.7)% / 7.2% YoY with volumes being flat / flat / +5.9% YoY (4-year CAGR of 8.8% / 6.9% / 3.9%), respectively. Consolidated EBITDA margin fell 116bps YoY (-202bps QoQ) to 14.9%, primarily due to lower profitability in laminate and MDF segments, resulting in EBITDA / APAT decline of 7.0% / 5.8% YoY. Plywood margin ex...
Buy Century Plyboards Ltd For Target Rs.740 - ICICI Securities
Buy Century Plyboards Ltd For Target Rs.740 - ICICI Securities
Source: ICICI Securities
17/08/2023 11:37:24 AM
Buy Century Plyboards Ltd For Target Rs.670 - JM Financial Institutional Securities Ltd Century Plyboards (Century) reported a strong quarter. Revenue/ EBITDA was 8%/29% above JMFe respectively. Revenue grew 7% YoY (+10% QoQ, +13% 4-year CAGR) mainly led by Ply (+19% YoY /18% QoQ) while MDF/ Laminates/ PB reported a decline of 1%/ 6%/20% YoY (+21%/ 7%/11% 4-year CAGR). Core plywood volume growth surprised positively with significant 15% growth YoY (+13% QoQ, 11% above JMFe) while realisation too improved 6% YoY (+4% QoQ) on account of price hike and product mix. MDF volume decli...
Buy Century Plyboards Ltd For Target Rs.670 - JM Financial Institutional Securities Ltd
Buy Century Plyboards Ltd For Target Rs.670 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
29/05/2023 3:06:42 PM
Buy Century Plyboards Ltd For Target Rs.685 - Yes Securities Result Synopsis Century Plyboards Ltd (CBPI), registered decent revenue growth of 7%YoY & 9%QoQ to Rs9.65Bn. Plywood biz (59% revenue), grew by 19%YoY & 18%QoQ, Laminates (17% of biz), registered muted sequential growth & declined by 5.8%YoY. MDF (17% of revenue), declined 3%QoQ & remained flattish YoY. Particle boards segment declined by 20%YoY & 3%QoQ. Margins were a big beat Vs our estimates, which came in at 17% as compared to 17.8%/14.6% in Q4FY22/Q3FY23 respect...
Buy Century Plyboards Ltd For Target Rs.685 - Yes Securities
Buy Century Plyboards Ltd For Target Rs.685 - Yes Securities
Source: Yes Securities
27/05/2023 1:56:50 PM
Buy Century Plyboards Ltd For Target Rs.668 - Yes Securities Positive on long?term plan, recommend "BUY"! Result Synopsis Century Plyboards Ltd (CPBIL) reported a muted quarter wherein revenue increased by 3.4%YoY & declined by 2.7%QoQ. Benign demand scenario due to festive & marriage season during first two months of Q3FY23, dented company’s performance. Plywood biz (54% revenue), reported a 10%YoY growth & remained flat QoQ. Laminates segment (18% revenue), registered a growth of 5%YoY but degrew by 10%QoQ wherein vo...
Buy Century Plyboards Ltd For Target Rs.668 - Yes Securities
Buy Century Plyboards Ltd For Target Rs.668 - Yes Securities
Source: Yes Securities Ltd
22/02/2023 12:48:28 PM
Buy Century Plyboards India Ltd For Target Rs. 775 - ICICI Direct In-line quarter, outlook remains healthy Century Plyboards (CPBI) reported standalone revenue growth of 11.4% YoY in Q2FY23 (3-year CAGR of 15.2%), in line with expectation. Standalone operating margin decreased 314bps YoY (+26bps QoQ) due to higher raw material costs as gross margin declined 239bps YoY, resulting in EBIDTA decline of 6.2% YoY. Management expects demand to remain healthy going ahead driven by uptick in real estate market, and indicated margins are sustainable with possible...
Buy Century Plyboards India Ltd For Target Rs. 775 - ICICI Direct
Buy Century Plyboards India Ltd For Target Rs. 775 - ICICI Direct
Source: ICICI Direct Ltd
30/12/2022 12:58:37 PM
Buy Century Plyboards Ltd For Target Rs.775 - ICICI Securities Near-term demand headwinds We recently interacted with the management of Century Plyboard (CPBI) who indicated that demand has been tepid Q3-TD with Dec’22 likely to be the decisive month for the quarter. MDF brownfield expansion at Hoshiarpur (Punjab) is likely to be commissioned by end-Dec’22 (earlier guidance was Nov’22) and management expects to start its ramp-up from mid-Q4. Company has taken no material price increases across segments in Q3-TD as raw material pressu...
Buy Century Plyboards Ltd For Target Rs.775 - ICICI Securities
Buy Century Plyboards Ltd For Target Rs.775 - ICICI Securities
Source: ICICI Securities Ltd
16/12/2022 11:15:44 AM
Add Century Plyboards Ltd For Target Rs.691 - Yes Securities Newer capacities to accelerate growth! Result Synopsis Century Plyboards Ltd (CPBIL) registered highest ever quarterly revenue of Rs9.08Bn, registering a 11.7%YoY growth & benign 2% sequential growth. Company’s plywood division (53% of revenue), reported 9%YoY & 2.5%QoQ growth. Laminates (19% of revenue) revenue stood at Rs1.74Bn, a growth of 7.3%YoY & 7.5%QoQ. MDF biz (17% of revenue) reported a 28%YoY growth & remained flat as compared to previous quarter. Partic...
Add Century Plyboards Ltd For Target Rs.691 - Yes Securities
Add Century Plyboards Ltd For Target Rs.691 - Yes Securities
Source: Yes Securities Ltd
6/12/2022 10:01:51 AM
Buy Century Plyboards Ltd For Target Rs.775 - ICICI Securities Century Plyboards (CPBI) reported standalone revenue growth of 11.4% YoY in Q2FY23 (3-year CAGR of 15.2%), in line with expectation. Standalone operating margin decreased 314bps YoY (+26bps QoQ) due to higher raw material costs as gross margin declined 239bps YoY, resulting in EBIDTA decline of 6.2% YoY. Management expects demand to remain healthy going ahead driven by uptick in real estate market, and indicated margins are sustainable with possible upward bias led by easing of raw material c...
Buy Century Plyboards Ltd For Target Rs.775 - ICICI Securities
Buy Century Plyboards Ltd For Target Rs.775 - ICICI Securities
Source: ICICI Securities Ltd
25/11/2022 2:26:45 PM
Century Plyboards Ltd : Decent show, H2 performance to be better; maintaining a Buy - Anand Rathi Share and Stock Brokers Decent show, H2 performance to be better; maintaining a Buy Century Plyboards’ Q2 FY23 results were healthy, with adj EBITDA and PAT ahead of ARe. Revenue, adj. EBITDA and adj. PAT rose 11.7%, 6.8% and 28.7% y/y respectively to Rs9.1bn, Rs1.7bn and Rs1.3bn. Revenue growth was supported by all segments expect for containerfreight-station services. Input cost pressures continued to drag on the gross margin and hurt profitability. Adjusting for an asset write-off (Myanmar subsidiary) an...
Century Plyboards Ltd : Decent show, H2 performance to be better; maintaining a Buy - Anand Rathi Share and Stock Brokers
Century Plyboards Ltd : Decent show, H2 performance to be better; maintaining a Buy - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers
17/11/2022 11:30:04 AM
Add Century Plyboards Ltd For Target Rs.750 - ICICI Securities Demand trend remains steady Our recent interaction with dealers and industry players indicates that in the ongoing Q2FY23 (Jul-Sep’22), demand trends remain steady in the wood panel sector led by continuous momentum in the residential market and higher spending on home improvement post the pandemic. We believe demand will continue to remain healthy going ahead (post the festival season, too) as underlying drivers are intact. In the ongoing quarter (Q2FY23), Century Plyboards (CPBI) h...
Add Century Plyboards Ltd For Target Rs.750 - ICICI Securities
Add Century Plyboards Ltd For Target Rs.750 - ICICI Securities
Source: ICICI Securities Ltd
9/09/2022 12:55:06 PM
Buy Century Plyboards Ltd For Target Rs.790 - JM Financial Institutional Securities Ltd Century Plyboards’ (Century) Revenue/ EBITDA /PBT was 13%/8%/8% above JMFe respectively. Core plywood volume grew 14% (3-year CAGR) on the back of a pick-up in real estate absorption and market share gains while MDF volume posted 3% CAGR in volume due to capacity constraints (CU@98% in 1Q). Gross margin contracted 150bps QoQ on RM cost inflation (timber and chemical costs in plywood and laminate segment respectively) while EBITDA margin shrank 130bps on account of higher A&P spend a...
Buy Century Plyboards Ltd For Target Rs.790 - JM Financial Institutional Securities Ltd
Buy Century Plyboards Ltd For Target Rs.790 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
1/09/2022 12:45:26 PM
Century Plyboards Ltd For Target Rs.472 - SKP Securities Company Background Century Plyboards (India) Ltd (CPIL), promoted by Mr. Sajjan Bhajanka, Mr. Sanjay Agarwal and Late Mr. H P Agarwal, is India’s largest manufacturer of plywood with ~25% of organised market share. It has a production capacity of 300,000 CBM plywood; 8.77 mn units laminate sheets, 54,000 CBM particle boards and 600 CBM/day Medium Density Fibre Board (MDF) spread across 13 manufacturing units in India and abroad. It also has two Container Freight Stations (CFS) near K...
Century Plyboards Ltd For Target Rs.472 - SKP Securities
Century Plyboards Ltd For Target Rs.472 - SKP Securities
Source: SKP Securities Ltd
30/08/2022 4:59:47 PM
Stock Pick : Buy Century Plyboards Ltd For Target Rs.672 - Jainam Share Consultants * The stock price closed at Rs.611.35 on 3" August 2022. It has made a 52 week High| at 749. * Currently the stock has given bullish chart} pattern formation which resemble as Cup and Handle chart pattern breakout on daily} chart. * The volume is seen very high at the time off breakout. * The momentum indicator is also above 60} level which is in a bullish territory, that) indicates bullish momentum at current level. We expect the stock price to continue its} current bullish mom...
Stock Pick : Buy Century Plyboards Ltd For Target Rs.672 - Jainam Share Consultants
Stock Pick : Buy Century Plyboards Ltd For Target Rs.672 - Jainam Share Consultants
Source: Jainam Share Consultants
4/08/2022 10:18:32 AM
Buy Century Plyboards Ltd For Target Rs.740 - Anand Rathi Share and Stock Brokers Excellent quarter, demand buoyancy continues; upgrading to a Buy Beating our revenue/PAT estimates, Century Plyboards’ Q1 FY23 result was outstanding, though margins belied our expectation. Revenue/ EBITDA/PAT rose 94.3%/137.7%/194.3% y/y to Rs8,888m/Rs1,431m/ Rs923m. Strong traction was seen in all divisions (despite continuing input cost pressure), leading to greater offtake and better realisation y/y. Sequentially, laminate and medium-density fibreboard sales volumes and container...
Buy Century Plyboards Ltd For Target Rs.740 - Anand Rathi Share and Stock Brokers
Buy Century Plyboards Ltd For Target Rs.740 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers
25/07/2022 2:13:57 PM
Century Plyboards inches up on making further investments of Rs 20.95 crore in Century Panels Century Plyboards (India) is currently trading at Rs. 512.30, up by 0.45 points or 0.09% from its previous closing of Rs. 511.85 on the BSE. The scrip opened at Rs. 520.00 and has touched a high and low of Rs. 525.55 and Rs. 511.80 respectively. So far 2421 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 749.00 on 23-Mar-2022 and a 52 week low of Rs. 352.25 on 30-Aug-2021. Last one week high and low of the scrip...
Century Plyboards inches up on making further investments of Rs 20.95 crore in Century Panels
Century Plyboards inches up on making further investments of Rs 20.95 crore in Century Panels
Source: Accord Fintech
24/06/2022 11:51:33 AM
Buy Century Plyboards Ltd For Target Rs.747 - ICICI Securities Growth momentum to continue Century Plyboards (CPBI) has reported better than expected standalone revenue growth of 21.2% YoY in Q4FY22 with plywood/laminate/MDF revenue growing at 19.4%/13.5%/36.7% YoY and volume growing at 13%/1.1/4.8% YoY, respectively. Operating margin increased 81bps YoY to 18% due to lower employee/other expenses resulting in EBIDTA growth of 26.9% YoY. Management stated demand conditions remain healthy and has guided for overall 20% volume growth for FY23 with growt...
Buy Century Plyboards Ltd For Target Rs.747 - ICICI Securities
Buy Century Plyboards Ltd For Target Rs.747 - ICICI Securities
Source: ICICI Securities Ltd
20/05/2022 12:29:16 PM
Buy Century Plyboards Ltd For Target Rs.698 - Yes Securities Upgrade to BUY! Our view and valuation Century Plyboards Ltd (CPL) reported strong revenue growth of 21%YoY & 5.4%QoQ in Q4FY22 on account of healthy growth registered in Plywood, MDF & particle board division. Operating margins came in at 17.8% Vs 16.9%/17.6% in Q4FY21/Q3FY22 respectively. Company took price‐hikes to mitigate the rise in input cost, however the same was implemented with a lag‐impact. Going ahead, demand is expected to remain strong due to up‐tick in real‐estate...
Buy Century Plyboards Ltd For Target Rs.698 - Yes Securities
Buy Century Plyboards Ltd For Target Rs.698 - Yes Securities
Source: Yes Securities Ltd
19/05/2022 10:57:00 AM
Century Plyboards Q4 net profit up 9.37% at Rs 91.03 cr The company reported standalone net profit of Rs 91.03 crore for the quarter ended March 31, 2022 as compared to Rs 83.23 crore in the same period last year, registering a year-on-year growth of 9.37 per cent. Net revenue of the company rose substantially by 21.21 per cent at Rs 895.26 crore in January-March quarter of this fiscal as against Rs 738.62 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 20.03 per cent to Rs 734.32 crore...
Century Plyboards Q4 net profit up 9.37% at Rs 91.03 cr
Century Plyboards Q4 net profit up 9.37% at Rs 91.03 cr
Source: Dion Global Solutions Ltd
16/05/2022 4:08:10 PM
Century Plyboards jumps on incorporating wholly owned Subsidiary Century Plyboards (India) is currently trading at Rs. 638.15, up by 13.40 points or 2.14% from its previous closing of Rs. 624.75 on the BSE. The scrip opened at Rs. 633.50 and has touched a high and low of Rs. 648.30 and Rs. 629.90 respectively. So far 5154 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 749.00 on 23-Mar-2022 and a 52 week low of Rs. 320.35 on 26-Apr-2021. Last one week high and low of the scri...
Century Plyboards jumps on incorporating wholly owned Subsidiary
Century Plyboards jumps on incorporating wholly owned Subsidiary
Source: Accord Fintech
21/04/2022 2:52:22 PM
Century Plyboards gains on getting nod to incorporate wholly owned subsidiary Century Plyboards is currently trading at Rs. 699.20, up by 1.45 points or 0.21% from its previous closing of Rs. 697.75 on the BSE. The scrip opened at Rs. 700.50 and has touched a high and low of Rs. 703.00 and Rs. 694.10 respectively. So far 3718 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 749.00 on 23-Mar-2022 and a 52 week low of Rs. 283.00 on 12-Apr-2021. Last one week high and low of the scrip stood a...
Century Plyboards gains on getting nod to incorporate wholly owned subsidiary
Century Plyboards gains on getting nod to incorporate wholly owned subsidiary
Source: Accord Fintech
5/04/2022 11:01:03 AM
Century Plyboards zooms on securing Khidderpore Docks contract Century Plyboards (India) is currently trading at Rs. 605.20, up by 15.10 points or 2.56% from its previous closing of Rs. 590.10 on the BSE. The scrip opened at Rs. 605.95 and has touched a high and low of Rs. 615.60 and Rs. 599.50 respectively. So far 13668 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 714.95 on 18-Nov-2021 and a 52 week low of Rs. 255.50 on 01-Feb-2021. Last one week high and low of the scr...
Century Plyboards zooms on securing Khidderpore Docks contract
Century Plyboards zooms on securing Khidderpore Docks contract
Source: Accord Fintech
1/02/2022 11:55:39 AM
Century Plyboards rises on incorporating wholly owned subsidiary company Century Plyboards is currently trading at Rs. 600.00, up by 7.80 points or 1.32% from its previous closing of Rs. 592.20 on the BSE. The scrip opened at Rs. 601.25 and has touched a high and low of Rs. 602.75 and Rs. 596.90 respectively. So far 812 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 714.95 on 18-Nov-2021 and a 52 week low of Rs. 229.35 on 31-Dec-2020. Last one week high and low of the scrip stood at...
Century Plyboards rises on incorporating wholly owned subsidiary company
Century Plyboards rises on incorporating wholly owned subsidiary company
Source: Accord Fintech
31/12/2021 11:11:17 AM
Reduce Century Plyboards Ltd For Target Rs.611 - Yes Securities Aims to hit Rs 50Bn topline by FY26! Our view Century Plyboards Ltd (CPBL) reported robust growth in Q2FY22 wherein Sales/EBITDA grew by 56%/85% YoY respectively. Company expects to achieve Rs50Bn revenue by FY26 on the back of woodpanel industry likely to grow in double digits and with formalization of industry, organized players are expected to outperform industry growth. Hence CPBL will undertake capex of Rs12.30Bn over next 5‐years wherein Rs8.5Bn will be spent for MDFs & Rs 1.6...
Reduce Century Plyboards Ltd For Target Rs.611 - Yes Securities
Reduce Century Plyboards Ltd For Target Rs.611 - Yes Securities
Source: Yes Securities Ltd
10/11/2021 9:55:20 AM
Hold Century Plyboards India Ltd For Target Rs.470 - ICICI Direct MDF capacity addition delayed owing to Covid… About the stock: Century Plyboards is India’s leading plywood manufacturers with a market share of ~30%+ in the country’s organised segment of plywood sector. * It derives majority of revenues from plywood (53% of FY21 revenue), followed by laminates (19%), and MDF (17%) segments while balance is contributed by fibre cement boards and particle board divisions. Century also operates a CFS with capacity to handle 156,000 TEU...
Hold Century Plyboards India Ltd For Target Rs.470 - ICICI Direct
Hold Century Plyboards India Ltd For Target Rs.470 - ICICI Direct
Source: ICICI Direct
15/10/2021 9:46:10 AM
Key News - Steel Authority of India Ltd, Jindal Steel Power Ltd, SBI Life Insurance Company Ltd, Hero MotoCorp Ltd, Century Plyboards Ltd, Air India By ARETE Securities Key News SAIL to double capacity to 50 mn tonnes by 2030, starts land bank study Public sector steel major, Steel Authority of India Limited (SAIL), is looking to more than double capacity to 50 million tonnes (mt) by 2030. In a letter to shareholders, Soma Mondal, chairman, SAIL, said, “In line with the National Steel Policy 2017, your company has formulated its Vision 2030, whereby it is envisaged to enhance the crude steel capacity to 50 mt.” She also mentioned that the ...
Key News - Steel Authority of India Ltd, Jindal Steel Power Ltd, SBI Life Insurance Company Ltd, Hero MotoCorp Ltd, Century Plyboards Ltd, Air India By ARETE Securities
Key News - Steel Authority of India Ltd, Jindal Steel Power Ltd, SBI Life Insurance Company Ltd, Hero MotoCorp Ltd, Century Plyboards Ltd, Air India By ARETE Securities
Source: ARETE Securities Ltd
9/09/2021 9:07:15 AM
Accumulate Century Plyboards Ltd For Target Rs.472 - SKP Securities Company Background Century Plyboards (India) Ltd (CPIL), promoted by Mr. Sajjan Bhajanka, Mr. Sanjay Agarwal and Late Mr. H P Agarwal, is India’s largest manufacturer of plywood with ~25% of organised market share. It has a production capacity of 239000 CBM of plywood; 7.5 mn units of laminate sheets, 54,000 CBM of particle boards and 600 CBM/day Medium Density Fibre Board (MDF) spread across 13 manufacturing units in India and abroad. It also has two Container Freight Stations (CFS)...
Accumulate Century Plyboards Ltd For Target Rs.472 - SKP Securities
Accumulate Century Plyboards Ltd For Target Rs.472 - SKP Securities
Source: SKP Securities Ltd
21/08/2021 12:07:39 PM
Add Century Plyboards Ltd For Target Rs.439 - Yes Securities Our view * Century Plyboards LTD (CPL)’s results were below our estimates. The performance was impacted due to regional lockdowns caused by 2nd wave of COVID‐19. Volumes across segments reported a substantial degrowth wherein plywood/laminates/MDFs registered 45%/41%/31% sequential decline. Going ahead, with opening of economy and real estate demand picking up, demand for wood panel products is also coming back.   * CPL’s Hoshiarpur MDF capex has been delayed and w...
Add Century Plyboards Ltd For Target Rs.439 - Yes Securities
Add Century Plyboards Ltd For Target Rs.439 - Yes Securities
Source: Yes Securities Ltd
12/08/2021 11:26:57 AM
Add Century Plyboards Ltd For Target Rs. 460 - ICICI Securities Firing on all cylinders Century Plyboards (CPBI) reported strong recovery in its plywood and laminates segments with sequential revenue growth of 11.8% and 27.4% respectively, leading to overall revenue beat at Rs7.4bn (I-Sec: Rs6.9bn), up 13% QoQ. EBITDA margin at 17.2%, 80bps lower than our estimate, was led largely by a few one-offs in ‘other expenses’ in Q4FY21. Expecting sectoral tailwinds to sustain, the management too has given robust guidance for the medium term: a) ove...
Add Century Plyboards Ltd For Target Rs. 460 - ICICI Securities
Add Century Plyboards Ltd For Target Rs. 460 - ICICI Securities
Source: ICICI Securities
8/07/2021 9:53:33 AM
Buy Century Plyboards (India) Ltd For Target Rs. 490 - ICICI Direct Strong performance again… Century Plyboard’s (CPIL) Q4FY21 performance was highlighted by robust growth across segments, aided by demand recovery amid a benign base. Topline was up 40.9% YoY to | 738.6 crore, with overall decline in FY21 at a meagre 7% YoY. MDF, plywood, laminate revenues grew 41.2%, 43%, 44.2% YoY to | 119.1 crore, | 399.2 crore, | 152.9 crore, respectively. EBITDA margin was up 380 bps YoY to 17.2% on account of operating leverage. Overall, reported PAT was ...
Buy Century Plyboards (India) Ltd For Target Rs. 490 - ICICI Direct
Buy Century Plyboards (India) Ltd For Target Rs. 490 - ICICI Direct
Source: ICICI Direct
5/07/2021 10:59:42 AM
Buy Century Plyboards Ltd For Target Rs.459 - Yes Securities Result review: * Century Plyboards Ltd (CPBL) reported revenue of Rs7,450mn (40.5% y/y & 12.9% q/q). The growth was led by stellar growth in Plywood & Laminates division (75% of total sales). Plywood sales grew by 42.2% y/y & 11.8% q/q to Rs4,056mn wherein volumes grew by 44% y/y & 7.9% q/q backed by 4% realization growth both y/y & q/q. Laminates revenues stood at Rs1,529mn (44.2% y/y & 27.4% q/q) wherein volumes increased massively by 37.9% y/y & 22% q/q and r...
Buy Century Plyboards Ltd For Target Rs.459 - Yes Securities
Buy Century Plyboards Ltd For Target Rs.459 - Yes Securities
Source: Yes Securities Ltd
14/06/2021 10:50:18 AM
Buy Century Plyboards Ltd For Target Rs.355 - ICICI Direct Strong performance; healthy outlook… Century Plyboard’s (CPIL) Q3FY21 performance was highlighted by strong plywood growth coupled with robust MDF division growth and balance sheet strengthening (now a net cash company). The topline was up 9.9% YoY to | 654.4 crore. MDF revenue grew 20.6% YoY to | 116.5 crore while plywood revenues grew 10.6% YoY to | 357 crore. EBITDA margin expanded 280 bps YoY to 18.6% on adjusted basis (10.4 percentage points on reported basis as base qua...
Buy Century Plyboards Ltd For Target Rs.355 - ICICI Direct
Buy Century Plyboards Ltd For Target Rs.355 - ICICI Direct
Source: ICICI Direct Ltd
13/03/2021 9:51:51 AM
Buy Century Plyboards Ltd For Target Rs.432 - ICICI Securities Robust outlook amid emerging industry tailwinds CPBI delivered an impressive Q3FY21 beat on all counts: a) sharp volume growth recovery across all verticals; b) sharp margin improvement particularly in the core plywood and laminate segments; c) record quarterly revenues, EBITDA and PAT; and d) strong balance sheet strengthening led by stricter working capital discipline thereby enabling it to become a net cash company. Management outlook too remains upbeat with: 1) the sharp revival in se...
Buy Century Plyboards Ltd For Target Rs.432 - ICICI Securities
Buy Century Plyboards Ltd For Target Rs.432 - ICICI Securities
Source: ICICI Securities Ltd
12/03/2021 10:44:33 AM
Century Plyboards Ltd : Firing on all cylinders; upgrade TP from Rs 270 to Rs 356 - Yes Securities Buy Century Plyboard Ltd For Target Rs.356 Firing on all cylinders; upgrade TP from Rs 270 to Rs 356 Valuation and Outlook * Century Ply delivered robust performance during Q3FY21 driven by (1) sturdy growth in plywood segment (volumes +12% y/y) – pent‐up demand and market share gains, (2) sharp increase in operating margins of laminates (+538 bps y/y to 19.2%) – price hike of 3% y/y and absorption of low cost inventory and (3) sustained growth trajectory of MDF segment...
Century Plyboards Ltd : Firing on all cylinders; upgrade TP from Rs 270 to Rs 356 - Yes Securities
Century Plyboards Ltd : Firing on all cylinders; upgrade TP from Rs 270 to Rs 356 - Yes Securities
Source: Yes Securities Ltd
11/02/2021 9:32:03 AM