Century Plyboards (India) Ltd
CENT

Century Plyboards (India) Ltd (CENTURYPLY)

₹5132.42%

Key Stats

₹511.05
Day's Price Range
₹526.35
₹341.8
52-Week Price Range
₹749
1 Month Return-7.79 %
3 Month Return-25.93 %
1 Year Return28.39 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 54
37.28
EPS
Rank 26
₹14.1
BVPS
Rank 47
₹56.95
Dividend Yield
Rank 32
0.31%
ROE
Rank 34
16.43%
Price To Book Ratio
Rank 65
9.23
Debt To Asset
Rank 90
0.31

Company Information

Century Plyboards India Ltd CPIL is primarily engaged in manufacturing and sale of Plywood Laminates Decorative Veneers Medium Density Fibre boards Prelaminated boards Particle Board and Flush Doors and providing Container Freight Station services. The company has its manufacturing facilities near Kolkata Karnal Guwahati Hoshiarpur Kandla and Chennai. The companys Container Freight station is located near Kolkata Port. Century Plyboards India Ltd was incorporated in the year January 05 1982. In the year 1997 the company was the first to introduce the borer proof plywood in India. In the year 2002 they introduced Flexoply the only flexible plywood variety. Also they introduced Architect Ply and the Fantasy range of decorative veneer in India. In the year 2004 the companys laminate plant started operation. In March 2005 they inaugurated the PreLam particleboard plant. They also started manufacturing HiPressure Laminates PreLaminated Particle Board and MDF and with this the company completed the full range of manufacturing of plywood and veneer related items.During the year 200506 as per the scheme of arrangement Shyam Century Ferrous Ltd amalgamated with the company with effect from April 1 2005. By virtue of amalgamation of SCFL with the company Cement Manufacturing Company Ltd became a subsidiary of the company with effect from October 1 2005. Megha Technical Engineers Pvt Ltd became a subsidiary company with effect from March 23 2006. During the year 200607 the company acquired the controlling interest in Auro Sundaram Ply Doors Pvt. Ltd. which is operating a plywood unit at Raipur Industrial Area Uttarakhand. In November 27 2006 the company acquired 51 shareholding in the equity of Century Star Shipping Ltd and thus Century Star Shipping Ltd became the subsidiary of the company.During the year 200708 Century Panels Pvt Ltd Sharon Veneers Pvt Ltd and Sharon Wood Industries Pvt Ltd were amalgamated with the company with the appointed date April 1 2007. Also Cement Manufacturing Co Ltd acquired 100 controlling interest in Star Cement Meghalaya Ltd and hence SCML became a subsidiary of the company with effect from June 2 2007.During the year 200809 the company acquired 100 controlling interest in Cent Ply Pvt. Ltd CPPL and thus CPPL became a whollyowned subsidiary of the company with effect from October 1 2008. The company together with their subsidiary CMCL acquired controlling interest in Meghalaya Power Ltd MPL and thus MPL became a subsidiary of the company with effect from July 14 2008.During the year 200910 the companys wholly owned subsidiary Cent Ply Pvt Ltd was amalgamated with the company with effect from appointed date April 1 2009. The company acquired controlling interest in Aegis Business Ltd ABL and thus ABL became a subsidiary of the company with effect from July 6 2009. Also ABL acquired controlling interest in Aegis Overseas Ltd AOL and thus AOL became an ultimate subsidiary of the company with effect from July 15 2009. During the financial year ended 31 March 2014 Century Plyboards India acquired 50 stake in Century Infotech Ltd. thereby making it its Associate Company. Century Infotech Ltd. is engaged in business of ecommerce eshopping online information services online application integration including buying selling marketing trading and dealing in various kinds of products and services on internet.Century Plyboards Indias subsidiary Centuryply Myanmar Pvt Ltd CMPL has set up a veneer and plywood unit near Yangon city in Myanmar which became operational in 201314.During the financial year ended 31 March 2015 Century Plyboards India disinvested its entire shareholding in Aegis Business Ltd ABL. Both ABL and its subsidiary Aegis Overseas Limited ceased to be subsidiaries of Century Plyboards India with effect from 23rd August 2014. Consequently Aegis Siam Ltd and Aegis Siam Resources Company Ltd also ceased to be the companys associates.Ara Suppliers Pvt Ltd Arham Sales Pvt Ltd Adonis Vyaper Pvt Ltd and Apnapan Viniyog Pvt Ltd became subsidiaries of Century Plyboards India with effect from 28 July 2014 as a result of further investments by the company Century Plyboards India incorporated a whollyowned subsidiary company in the name of Century Ply Singapore Pte Ltd CPSPL in Singapore on 2nd December 2014.Century Plyboards Indias Board of Directors at its meeting held on 21st January 2015 approved a proposal for setting up a Particle Board unit at Chennai with an approximate CAPEX of Rs. 60 crore.In view of the improving market scenario and growing demand for Medium Density Fibre MDF boards the Board of Directors of Century Plyboards India at its meeting held on 21 July 2015 approved a proposal for settingup a greenfield unit for manufacturing Medium Density Fibre MDF Board Plyboard and Blockboard in Punjab with an approximate CAPEX of Rs 405 crore in the first phase. The company has already acquired and taken possession of the land at Hoshiarpur in Punjab for this purpose.During the year ended 31 March 2016 Century Plyboards Indias shareholding in Century Ply Singapore Pte. Ltd. reduced from 100 to 51 consequent upon allotment of shares by the latter to other individuals.Century Infotech Ltd. became subsidiary of Century Plyboards India with effect from 19 May 2015 consequent upon further investments by the company. Century Plyboards India acquired 51 stake on 19 January 2016 in Innovation Pacific Singapore Pte. Ltd. IPSPL a company incorporated in Singapore by way of subscription to its share capital. During the year ended 31 March 2017 Century Plyboards India forayed into new categories by launching unique range of products in the industry branded as Zykron and Starke. Zykron is a Fibre cement composite board wherein cellulose fibre is reinforced with cement while Starke PVC board is made out of PVC and Calcium carbonate along with other performance enhancing additives. Both of them are promising and quality products belonging to evolving category of alternate material to pure wood based product. Both of them are aimed at reducing the usage of woodbased rawmaterials without compromising on quality strength and durability.Century Plyboards Indias Particle Board unit at Chennai successfully commenced commercial production in July 2016. The company incurred a capex of Rs 60 crore for the plant.Vietnam Innovation Pacific JSC was incorporated on 19 May 2016 as a subsidiary of Innovation Pacific Singapore Pte. Ltd. IPSPL thereby becoming a stepdown subsidiary of Century Plyboards India. However with the disinvestment of its entire shareholding in the subsidiary IPSPL both IPSPL and stepdown subsidiary Vietnam Innovation Pacific JSC ceased to be subsidiaries of Century Plyboards India with effect from 24 August 2016.During the year under ended 31 March 2018 Century Plyboards India implemented its plans for expansion of its laminates capacity by around 57 and almost 50 of the targeted enhancement became operational during the year. During the year your company implemented CRM and also launched sales force management app.Century Plyboards Indias Medium Density Fibre MDF Board unit at Hoshiarpur in Punjab successfully commenced commercial production in October 2017. The Company incurred a capex of Rs. 335 crore for the plant which has an installed capacity of 198000 cbm per year with easy access to timber in the nearby vicinity. In the very first year of its operation the unit managed to attain a capacity utilisation of more than 50.Growth of Century Plyboards Indias plywood business during the first three quarters of the year remained muted owing to the impact of the GST implementation. However with the revised rates for plywood becoming applicable from November 2017 the company witnessed traction in terms of offtake and was proactive enough to pass on the impact of the GST to its customers.Century Ply Singapore Pte. Ltd. CPSPL a subsidiary of Century Plyboards India acquired 51 stake in Century Fluesoulin Plywood Lao Co. Ltd. formerly Fluesoulin Wood Processing Factory Co. Ltd. a company situated in Laos thereby making it a subsidiary of the company with effect from 28th August 2017. This was done as a part of the companys backward integration strategy for ensuring consistent supply of raw materials.Century Ply Singapore Pte. Ltd. has writtenoff its entire investments in its subsidiary P T Century Ply Indonesia. Consequently P T Century Ply Indonesia ceased to be a stepdown subsidiary of Century Plyboards India Ltd. CPIL with effect from 5th April 2018. P T Century Ply Indonesia was incorporated with the object of exploring the possibilities of trading in timber manufacturing and trading in plywood etc. in Indonesia. However after a detailed analysis of the current industrial and marketing scenario in Indonesia the proposition has not worked out to be presently viable.During the year 2019 effective 10th October 2018 the Registered and Corporate Office of the Company was shifted to an exclusive stateofart building Century House at P15/1 Taratala Road Kolkata 700 088.The Company incorporated a wholly owned subsidiary on 10th January 2019 by the name of Century Gabon SUARL in Gabon Africa with the object of manufacturing and trading in timber veneer plywood and other wood based products. This was again done as a part of the Companys backward integration strategy for ensuring consistent supply of raw materials particularly face veneer.Auro Sundram Ply Door Pvt. Ltd. Century MDF Ltd. Ara Suppliers Pvt. Ltd. Arham Sales Pvt. Ltd. Adonis Vyaper Pvt. Ltd. Apnapan Viniyog Pvt. Ltd. Century Infotech Ltd. Centuryply Myanmar Pvt. Ltd. and Century Ply Singapore Pte. Ltd. continues to remain subsidiaries of the Company while Century Ply Laos Co. Ltd. and Century Huesoulin Plywood Lao Co. Ltd. continued as stepdown subsidiaries as on 31st March 2019.The Company has 10 subsidiaries and 2 stepdown subsidiaries as on March 31 2019.During the FY2020 the Company incorporated a wholly owned subsidiary on 19th February 2020 in the name of Century Panels Limited having registered office at Kolkata with the object of manufacturing and trading of Particle Board MDF and other related products. Further M/s. Auro Sundram Ply Door Pvt. Ltd your Companys Subsidiary acquired the shareholding in another Company viz. Asis Plywood Ltd. which was undergoing corporate insolvency proceedings. Consequently Asis Plywood Ltd. also became a stepdown subsidiary of your Company with effect from 28th January 2020.As on 31 March 2020 your Company had 11 subsidiaries and 3 stepdown subsidiaries.The COVID19 pandemic is the most defining global crisis in living memory. The spread of the virus disrupted the global economy and consumer sentiment starting December 2019. The virus was declared a global pandemic by the World Health Organisation in March 2020. The Indian government implemented a national lockdown in late March 2020. However the Company resumed operations at its manufacturing units from 4th May 2020. The Company faced with intermittent areaspecific partial/full lockdowns.
OrganisationCentury Plyboards (India) Ltd
HeadquartersKolkata
IndustryMiscellaneous