Century Plyboards (India) Ltd. (CENTURYPLY) AI Stock Analysis

• Market Cap: ₹170.95B
• Dividend Yield: 0.12%
• Average Volume (3M): 3.63K
• Price to Earnings (P/E): 73.8
• Beta (1Y): 1.18
• Revenue Growth: 16.88%
• EPS Growth: 6.77%
• Country: IN
• Employees: 7,155
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 3.15
• Shares Outstanding: 222,172,990
• 10 Day Avg. Volume: 6,778
• 30 Day Avg. Volume: 3,626
• PEG Ratio: -1.94
• Price to Book (P/B): 6.57
• Price to Sales (P/S): 3.43
• P/FCF Ratio: -23.26
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: ₹790.00 ▼(-4.02% Downside)

Century Plyboards faces significant challenges with high valuation and declining net income, impacting its overall score. While technical indicators suggest potential for a reversal, the stock's high P/E ratio and low dividend yield indicate overvaluation concerns. Financial performance is mixed, with strong revenue growth offset by cash flow and leverage issues.

Positive Factors

Revenue Growth

The company's consistent revenue growth indicates strong market demand and effective sales strategies, supporting long-term business expansion.

Market Position

As a market leader in the plywood and decorative veneer industry, Century Plyboards benefits from brand recognition and a competitive edge in both domestic and international markets.

Product Diversification

Diversification into various product lines reduces reliance on a single revenue stream and enhances resilience against market fluctuations, supporting sustainable growth.

Negative Factors

Rising Debt Levels

Increased debt levels can strain financial resources, limiting flexibility and potentially impacting long-term financial health if not managed effectively.

Declining Net Income

A decline in net income suggests challenges in maintaining profitability, which could affect the company's ability to reinvest in growth opportunities and reward shareholders.

Cash Flow Management

Negative free cash flow indicates potential liquidity issues, which could constrain operational capabilities and limit investment in future growth initiatives.

Century Plyboards (India) Ltd. Business Overview & Revenue Model

Company Description

Century Plyboards (India) Limited manufactures and sells plywood, laminates, decorative veneers, medium density fiber boards (MDF), pre-laminated boards, particle boards, and flush doors in India. The company operates through Plywood, Laminate, MDF, Particle Board, CFS Services, and Others segments. It offers plywood, block-board, veneer, and timber; decorative laminates; and plain and pre-laminated medium density fibre boards, as well as particle boards. The company also provides container freight stations services; trades in chemicals and panel products; and offers pre-engineered doors, fibre cement boards, and PVC sheets. It also exports its products. The company provides its products primarily under the CENTURYDOORS, CENTURYLAMINATES, CENTURYVENEERS, Zykron, STARKE, and CENTURYPLY brands. Century Plyboards (India) Limited was incorporated in 1982 and is headquartered in Kolkata, India.

How the Company Makes Money

Century Plyboards generates revenue primarily through the sale of its core products, which include various types of plywood, laminates, and other wood panel solutions. The company operates on a business-to-business (B2B) model, supplying products to construction companies, furniture manufacturers, and retail distributors. Key revenue streams include direct sales to large construction projects, partnerships with retailers for distribution, and exports to international markets. Additionally, Century Plyboards invests in brand development and marketing strategies to enhance its market presence, and it benefits from economies of scale due to its large-scale manufacturing operations. The company also leverages technological advancements in production processes to improve efficiency and reduce costs, thereby contributing to its profitability.

Century Plyboards (India) Ltd. Financial Statement Overview

Summary

Century Plyboards shows solid revenue growth and gross profitability but faces challenges with declining net income and increased leverage. The balance sheet is robust, though rising debt levels could pose future risks. Cash flow management is a concern due to negative free cash flow, suggesting the need for improved operational efficiency and cost management.

Income Statement

Century Plyboards has shown a steady revenue growth trajectory over the years, with a notable increase in gross profit margin. However, there has been a significant drop in net income in the most recent fiscal year, impacting the net profit margin. The EBIT and EBITDA margins have also decreased, indicating potential pressure on operational efficiency.

Balance Sheet

The company maintains a strong equity position, but the debt-to-equity ratio has increased, indicating a rising reliance on debt financing. Return on Equity has decreased, suggesting challenges in delivering returns to shareholders. The equity ratio remains stable, reflecting a healthy asset base.

Cash Flow

There has been a significant deterioration in free cash flow, primarily due to high capital expenditures. The operating cash flow to net income ratio indicates challenges in converting earnings into cash flow, which could strain liquidity if not addressed.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	46.92B	45.28B	38.86B	36.47B	30.09B	21.20B
Gross Profit	21.94B	20.94B	9.69B	17.30B	14.79B	10.79B
EBITDA	5.07B	4.83B	5.65B	6.01B	5.51B	3.42B
Net Income	2.03B	1.85B	3.26B	3.76B	3.13B	1.91B
Balance Sheet
Total Assets	0.00	45.93B	35.53B	27.16B	22.30B	18.12B
Cash, Cash Equivalents and Short-Term Investments	491.42M	905.60M	412.22M	2.60B	2.57B	2.00B
Total Debt	0.00	15.86B	7.71B	3.27B	2.36B	1.66B
Total Liabilities	-23.79B	22.14B	13.46B	8.13B	6.76B	5.45B
Stockholders Equity	23.79B	23.65B	22.12B	19.07B	15.57B	12.67B
Cash Flow
Free Cash Flow	0.00	-6.68B	-5.98B	-527.86M	-63.83M	3.07B
Operating Cash Flow	0.00	-27.33M	2.52B	4.38B	2.76B	3.71B
Investing Cash Flow	0.00	-6.78B	-5.78B	-4.80B	-3.20B	-2.26B
Financing Cash Flow	0.00	6.60B	3.53B	388.40M	348.69M	-1.40B

Century Plyboards (India) Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 823.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CENTURYPLY, the sentiment is Negative. The current price of 823.05 is above the 20-day moving average (MA) of 816.44, above the 50-day MA of 798.25, and above the 200-day MA of 760.75, indicating a bearish trend. The MACD of -6.81 indicates Positive momentum. The RSI at 29.92 is Positive, neither overbought nor oversold. The STOCH value of 8.71 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CENTURYPLY.

Century Plyboards (India) Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
STYLAMIND	74 Outperform	₹36.78B	30.31	―	―	14.11%	-7.20%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
GREENLAM	58 Neutral	₹63.88B	201.12	―	0.16%	11.84%	-73.79%
AIROLAM	57 Neutral	₹1.49B	18.69	―	―	6.84%	198.93%
CENTURYPLY	55 Neutral	₹170.95B	73.79	―	0.12%	16.88%	6.77%
RUSHIL	54 Neutral	₹6.40B	38.40	―	0.42%	-4.97%	-65.55%
GREENPANEL	49 Neutral	₹27.22B	-940.46	―	0.13%	-1.76%	-102.89%

Century Plyboards (India) Ltd. Corporate Events

Century Plyboards Shareholders Approve Appointment of Independent Director via Postal Ballot

Century Plyboards (India) Ltd. has disclosed the results of a postal ballot conducted entirely through remote e-voting between 24 November and 23 December 2025, involving 53,609 eligible members as of the record date. The shareholders approved, with a requisite and overwhelming majority, a special resolution to appoint Ms. Nilima Joshi as an Independent Director, with promoter and promoter group voting 100% in favour and strong support also recorded from institutional and non-institutional public shareholders. The outcome strengthens the company’s board with additional independent oversight, which may enhance governance standards and support stakeholder confidence in the firm’s strategic direction.

Century Plyboards Appoints New Plant Head to Strengthen Operations

Century Plyboards (India) Ltd. announced a change in its senior management with the appointment of Shri Ashok Kumar Goyal as Plant Head at Hoshiarpur, effective November 14, 2025. Goyal brings over 37 years of experience in the manufacturing sector, particularly in MDF production, which is expected to enhance the company’s operational efficiency and strengthen its market position.