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Century Plyboards (India) Ltd. (IN:CENTURYPLY)
:CENTURYPLY
India Market
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Century Plyboards (India) Ltd. (CENTURYPLY) AI Stock Analysis

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IN:CENTURYPLY

Century Plyboards (India) Ltd.

(CENTURYPLY)

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Neutral 50 (OpenAI - 5.2)
Rating:50Neutral
Price Target:
₹766.00
▼(-6.93% Downside)
Action:Reiterated
Date:05/25/26
The score is held back primarily by weak cash-flow quality (mostly negative free cash flow) and higher leverage alongside margin compression. Technicals are broadly neutral, while valuation is a notable risk given the high P/E and minimal dividend yield.
Positive Factors
Consistent revenue growth
Revenue growth of ~16.2% indicates sustained end-market demand and successful distribution reach across product lines. Over a 2–6 month horizon this underpins durable top-line momentum, improves capacity utilization, and creates room to invest in brand, channels and incremental product offerings.
Negative Factors
Rising leverage and declining ROE
An increasing debt-to-equity ratio alongside falling ROE shows growing reliance on external financing while returns to shareholders weaken. Higher leverage raises fixed interest costs and refinancing risk, reducing financial flexibility and amplifying downside in cyclical slowdowns over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth
Revenue growth of ~16.2% indicates sustained end-market demand and successful distribution reach across product lines. Over a 2–6 month horizon this underpins durable top-line momentum, improves capacity utilization, and creates room to invest in brand, channels and incremental product offerings.
Read all positive factors

Century Plyboards (India) Ltd. (CENTURYPLY) vs. iShares MSCI India ETF (INDA)

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, MD...
How the Company Makes Money
Century Plyboards makes money primarily by manufacturing and selling wood-panel and interior products through a combination of dealer/distributor networks and project/channel sales. Its core revenue streams are (1) plywood sales, where it produces...

Century Plyboards (India) Ltd. Financial Statement Overview

Summary
Revenue growth has been solid over the cycle, but profitability has weakened (net margin down to ~4.9% in 2026 from ~10.3% in 2023) and leverage has risen materially (debt-to-equity up to ~0.68 in 2026). The biggest drawback is cash-flow quality, with negative free cash flow in most years (2022–2026) and inconsistent operating cash flow.
Income Statement
66
Positive
Balance Sheet
58
Neutral
Cash Flow
34
Negative
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue48.74B53.97B45.08B38.63B36.32B30.09B
Gross Profit23.09B16.14B20.74B18.27B17.16B15.07B
EBITDA5.73B6.91B4.81B5.59B6.00B5.50B
Net Income2.32B2.63B1.85B3.26B3.76B3.13B
Balance Sheet
Total Assets47.83B51.04B45.93B35.53B27.16B22.30B
Cash, Cash Equivalents and Short-Term Investments1.12B590.13M905.60M412.22M2.60B2.57B
Total Debt16.43B17.65B15.86B7.71B3.27B2.36B
Total Liabilities22.99B24.73B22.14B13.46B8.13B6.76B
Stockholders Equity24.67B26.10B23.65B22.12B19.07B15.57B
Cash Flow
Free Cash Flow947.60M-491.56M-6.68B-5.98B-527.86M-63.83M
Operating Cash Flow2.88B3.63B-27.33M2.52B4.38B2.76B
Investing Cash Flow-2.02B-4.30B-6.78B-5.78B-4.80B-3.20B
Financing Cash Flow-773.28M774.71M6.60B3.53B388.40M348.69M

Century Plyboards (India) Ltd. Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price823.05
Price Trends
50DMA
738.79
Positive
100DMA
756.92
Positive
200DMA
767.03
Negative
Market Momentum
MACD
3.21
Positive
RSI
49.06
Neutral
STOCH
34.98
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CENTURYPLY, the sentiment is Neutral. The current price of 823.05 is above the 20-day moving average (MA) of 783.22, above the 50-day MA of 738.79, and above the 200-day MA of 767.03, indicating a neutral trend. The MACD of 3.21 indicates Positive momentum. The RSI at 49.06 is Neutral, neither overbought nor oversold. The STOCH value of 34.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:CENTURYPLY.

Century Plyboards (India) Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
₹46.74B24.2110.17%25.86%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
58
Neutral
₹4.64B29.370.42%-4.28%-79.74%
57
Neutral
₹1.24B26.4215.54%401.83%
54
Neutral
₹60.16B92.850.16%18.56%-17.67%
50
Neutral
₹170.13B59.350.12%19.20%41.70%
50
Neutral
₹23.81B389.410.13%7.22%-140.43%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:CENTURYPLY
Century Plyboards (India) Ltd.
765.75
-2.13
-0.28%
IN:AIROLAM
Airo Lam Ltd.
82.79
-14.96
-15.30%
IN:GREENLAM
Greenlam Industries Ltd
235.80
-32.89
-12.24%
IN:GREENPANEL
Greenpanel Industries Ltd
194.20
-68.15
-25.98%
IN:RUSHIL
Rushil Decor Ltd.
15.81
-9.98
-38.70%
IN:STYLAMIND
Stylam Industries Limited
2,758.10
988.35
55.85%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: May 25, 2026