Century Plyboards (India) Limited (NSE:CENTURYPLY) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

As you might know, Century Plyboards (India) Limited (NSE:CENTURYPLY) just kicked off its latest second-quarter results with some very strong numbers. The company beat expectations with revenues of ₹14b arriving 4.3% ahead of forecasts. Statutory earnings per share (EPS) were ₹3.10, 4.2% ahead of estimates. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

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After the latest results, the 19 analysts covering Century Plyboards (India) are now predicting revenues of ₹52.3b in 2026. If met, this would reflect a modest 6.9% improvement in revenue compared to the last 12 months. Per-share earnings are expected to surge 32% to ₹13.76. In the lead-up to this report, the analysts had been modelling revenues of ₹51.7b and earnings per share (EPS) of ₹14.27 in 2026. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a minor downgrade to their earnings per share forecasts.

See our latest analysis for Century Plyboards (India)

It might be a surprise to learn that the consensus price target was broadly unchanged at ₹857, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Century Plyboards (India), with the most bullish analyst valuing it at ₹973 and the most bearish at ₹730 per share. This is a very narrow spread of estimates, implying either that Century Plyboards (India) is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Century Plyboards (India)'s past performance and to peers in the same industry. The period to the end of 2026 brings more of the same, according to the analysts, with revenue forecast to display 14% growth on an annualised basis. That is in line with its 16% annual growth over the past five years. Compare this with the broader industry (in aggregate), which analyst estimates suggest will see revenues grow 38% annually. So although Century Plyboards (India) is expected to maintain its revenue growth rate, it's forecast to grow slower than the wider industry.

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Century Plyboards (India)'s revenue is expected to perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that in mind, we wouldn't be too quick to come to a conclusion on Century Plyboards (India). Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Century Plyboards (India) going out to 2028, and you can see them free on our platform here..

However, before you get too enthused, we've discovered 1 warning sign for Century Plyboards (India) that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.