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Century Plyboards (India)

NSEI:CENTURYPLY
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CENTURYPLY
NSEI
₹30B
Market Cap
  1. Home
  2. IN
  3. Materials
Company description

Century Plyboards (India) Limited manufactures and sells plywood, laminates, decorative veneers, medium density fibre boards (MDF), pre-laminated boards, particle boards, and flush doors in India and internationally. The last earnings update was 9 days ago. More info.


Add to Portfolio Compare Print
  • Century Plyboards (India) has significant price volatility in the past 3 months.
CENTURYPLY Share Price and Events
7 Day Returns
6.4%
NSEI:CENTURYPLY
2.9%
IN Forestry
-0.7%
IN Market
1 Year Returns
-40.4%
NSEI:CENTURYPLY
-35.9%
IN Forestry
-12.1%
IN Market
CENTURYPLY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Century Plyboards (India) (CENTURYPLY) 6.4% 2.9% -21.1% -40.4% -37.3% 55%
IN Forestry 2.9% -3% -8.1% -35.9% -5.3% 73.2%
IN Market -0.7% -4.6% -4.3% -12.1% 12.8% 24.7%
1 Year Return vs Industry and Market
  • CENTURYPLY underperformed the Forestry industry which returned -35.9% over the past year.
  • CENTURYPLY underperformed the Market in India which returned -12.1% over the past year.
Price Volatility
CENTURYPLY
Industry
5yr Volatility vs Market

Value

 Is Century Plyboards (India) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Century Plyboards (India) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Century Plyboards (India).

NSEI:CENTURYPLY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 19%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:CENTURYPLY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.34
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.338 (1 + (1- 35%) (17.85%))
1.33
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.33
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.33 * 8.6%)
18.99%

Discounted Cash Flow Calculation for NSEI:CENTURYPLY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Century Plyboards (India) is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NSEI:CENTURYPLY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 18.99%)
2020 1,925.00 Analyst x3 1,617.78
2021 1,923.25 Analyst x4 1,358.35
2022 1,511.00 Analyst x1 896.86
2023 1,291.12 Est @ -14.55% 644.05
2024 1,188.85 Est @ -7.92% 498.38
2025 1,149.85 Est @ -3.28% 405.10
2026 1,149.50 Est @ -0.03% 340.35
2027 1,175.29 Est @ 2.24% 292.44
2028 1,220.36 Est @ 3.84% 255.20
2029 1,280.77 Est @ 4.95% 225.08
Present value of next 10 years cash flows ₹6,533.59
NSEI:CENTURYPLY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹1,280.77 × (1 + 7.55%) ÷ (18.99% – 7.55%)
₹12,040.17
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹12,040.17 ÷ (1 + 18.99%)10
₹2,115.96
NSEI:CENTURYPLY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹6,533.59 + ₹2,115.96
₹8,649.55
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹8,649.55 / 222.17
₹38.93
NSEI:CENTURYPLY Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:CENTURYPLY represents 1.00484x of BSE:532548
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00484x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 38.93 x 1.00484
₹39.12
Value per share (INR) From above. ₹39.12
Current discount Discount to share price of ₹134.75
= -1 x (₹134.75 - ₹39.12) / ₹39.12
-244.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Century Plyboards (India) is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Century Plyboards (India)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Century Plyboards (India)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:CENTURYPLY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in INR ₹6.63
BSE:532548 Share Price ** BSE (2019-08-16) in INR ₹134.1
India Forestry Industry PE Ratio Median Figure of 38 Publicly-Listed Forestry Companies 8.45x
India Market PE Ratio Median Figure of 2,774 Publicly-Listed Companies 13.57x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Century Plyboards (India).

NSEI:CENTURYPLY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532548 Share Price ÷ EPS (both in INR)

= 134.1 ÷ 6.63

20.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Century Plyboards (India) is overvalued based on earnings compared to the IN Forestry industry average.
  • Century Plyboards (India) is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Century Plyboards (India)'s expected growth come at a high price?
Raw Data
NSEI:CENTURYPLY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
26.4%per year
India Forestry Industry PEG Ratio Median Figure of 6 Publicly-Listed Forestry Companies 0.56x
India Market PEG Ratio Median Figure of 548 Publicly-Listed Companies 1.07x

*Line of best fit is calculated by linear regression .

NSEI:CENTURYPLY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.23x ÷ 26.4%

0.77x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Century Plyboards (India) is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Century Plyboards (India)'s assets?
Raw Data
NSEI:CENTURYPLY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in INR ₹43.88
BSE:532548 Share Price * BSE (2019-08-16) in INR ₹134.1
India Forestry Industry PB Ratio Median Figure of 42 Publicly-Listed Forestry Companies 0.82x
India Market PB Ratio Median Figure of 3,660 Publicly-Listed Companies 0.87x
NSEI:CENTURYPLY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532548 Share Price ÷ Book Value per Share (both in INR)

= 134.1 ÷ 43.88

3.06x

* Primary Listing of Century Plyboards (India).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Century Plyboards (India) is overvalued based on assets compared to the IN Forestry industry average.
X
Value checks
We assess Century Plyboards (India)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Forestry industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Forestry industry average (and greater than 0)? (1 check)
  5. Century Plyboards (India) has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Century Plyboards (India) expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
26.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Century Plyboards (India) expected to grow at an attractive rate?
  • Century Plyboards (India)'s earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Century Plyboards (India)'s earnings growth is expected to exceed the India market average.
  • Century Plyboards (India)'s revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:CENTURYPLY Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:CENTURYPLY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 26.4%
NSEI:CENTURYPLY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 10.5%
India Forestry Industry Earnings Growth Rate Market Cap Weighted Average 13.6%
India Forestry Industry Revenue Growth Rate Market Cap Weighted Average 9.8%
India Market Earnings Growth Rate Market Cap Weighted Average 17.8%
India Market Revenue Growth Rate Market Cap Weighted Average 11.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:CENTURYPLY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:CENTURYPLY Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 3,061
2021-03-31 27,448 2,733 2,370 8
2020-03-31 24,634 2,265 1,877 5
NSEI:CENTURYPLY Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-06-30 23,203 1,467
2019-03-31 22,804 2,658 1,485
2018-03-31 20,239 3,046 1,631
2017-03-31 18,187 2,205 1,905

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Century Plyboards (India)'s earnings are expected to grow significantly at over 20% yearly.
  • Century Plyboards (India)'s revenue is expected to grow by 10.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:CENTURYPLY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Century Plyboards (India) Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:CENTURYPLY Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31
2021-03-31 10.51 13.60 9.30 9.00
2020-03-31 8.44 9.00 8.00 7.00
NSEI:CENTURYPLY Past Financials Data
Date (Data in INR Millions) EPS *
2019-06-30 6.63
2019-03-31 6.68
2018-03-31 7.34
2017-03-31 8.57

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Century Plyboards (India) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Century Plyboards (India)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Century Plyboards (India) has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Century Plyboards (India) performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Century Plyboards (India)'s growth in the last year to its industry (Forestry).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Century Plyboards (India)'s year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Century Plyboards (India)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Century Plyboards (India)'s 1-year earnings growth is negative, it can't be compared to the IN Forestry industry average.
Earnings and Revenue History
Century Plyboards (India)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Century Plyboards (India) Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:CENTURYPLY Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 23,202.99 1,467.23 4,473.22
2019-03-31 22,803.94 1,484.50 4,432.40
2018-03-31 20,239.44 1,630.61 3,879.56
2017-03-31 18,187.31 1,904.61 3,681.87
2016-03-31 16,409.31 1,689.43 3,177.09
2015-03-31 15,884.41 1,489.66 2,826.74
2014-03-31 13,476.56 602.64 2,774.65
2013-03-31 11,816.46 551.63 2,368.66
2012-12-31 17,667.36 1,118.04 4,134.95 2.72
2012-09-30 17,475.93 1,207.30 4,072.21 2.72

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Century Plyboards (India) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Century Plyboards (India) used its assets more efficiently than the IN Forestry industry average last year based on Return on Assets.
  • Century Plyboards (India)'s use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Century Plyboards (India)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Forestry industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Century Plyboards (India) has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Century Plyboards (India)'s financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Century Plyboards (India)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Century Plyboards (India) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Century Plyboards (India)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Century Plyboards (India)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Century Plyboards (India) Company Filings, last reported 1 month ago.

NSEI:CENTURYPLY Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 10,002.38 5,319.16 232.02
2019-03-31 10,002.38 5,205.56 232.02
2018-03-31 8,699.48 5,683.36 202.88
2017-03-31 7,269.00 5,998.32 663.71
2016-03-31 5,378.57 4,555.69 390.11
2015-03-31 3,949.04 5,050.57 374.15
2014-03-31 3,045.33 5,783.73 386.87
2013-03-31 2,644.04 5,391.51 1,019.60
2012-12-31 9,797.74 11,637.46 449.26
2012-09-30 9,797.74 11,637.46 449.26
  • Century Plyboards (India)'s level of debt (52%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (171.6% vs 52% today).
  • Debt is well covered by operating cash flow (51.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.8x coverage).
X
Financial health checks
We assess Century Plyboards (India)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Century Plyboards (India) has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Century Plyboards (India)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.75%
Current annual income from Century Plyboards (India) dividends. Estimated to be 1.04% next year.
If you bought ₹2,000 of Century Plyboards (India) shares you are expected to receive ₹15 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Century Plyboards (India)'s pays a higher dividend yield than the bottom 25% of dividend payers in India (0.63%).
  • Century Plyboards (India)'s dividend is below the markets top 25% of dividend payers in India (2.52%).
Upcoming dividend payment

Purchase Century Plyboards (India) before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:CENTURYPLY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
India Forestry Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 1.8%
India Market Average Dividend Yield Market Cap Weighted Average of 1439 Stocks 1.5%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:CENTURYPLY Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31
2021-03-31 1.56 5.00
2020-03-31 1.18 4.00
NSEI:CENTURYPLY Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-27 1.000 0.679
2018-07-24 1.000 0.543
2018-05-16 1.000 0.391
2017-08-08 1.000 0.333
2017-05-23 1.000 0.352
2016-05-10 0.000 0.000
2016-03-08 2.250 1.289
2015-08-03 2.500 1.497
2015-01-21 1.500 0.735
2014-09-24 1.000 0.709
2013-07-08 0.250 0.719
2012-07-25 1.000 1.830
2012-07-24 1.000 2.011
2012-05-09 1.000 1.858
2012-01-19 1.000 1.730
2011-08-19 1.000 1.823
2011-05-24 1.000 1.491
2010-05-28 1.000 1.596
2009-10-21 1.500 3.145
2009-07-01 0.250 0.600
2009-06-01 0.250 0.606

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Century Plyboards (India)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Century Plyboards (India)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Century Plyboards (India) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Century Plyboards (India) has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Century Plyboards (India)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sanjay Agarwal
COMPENSATION ₹12,000,000
AGE 58
CEO Bio

Mr. Sanjay Agarwal serves as Additional Director of Linc Pen & Plastics Limited since February 12, 2019. Mr. Agarwal has been the Managing Director of Century Plyboards (India) Limited since July 31, 2008 and serves as its Chief Executive Officer and Executive Director. He serves as Managing Director at Star Cement Limited (alternate name, Cement Manufacturing Company Ltd.) and served as its Director of Marketing. He has 15 years of business and industrial experience. Mr. Agarwal served as Deputy Managing Director at Century Plyboards (India) Limited since July 1, 2006. Mr. Agarwal has been a Director at Star Ferro and Cement Limited since March 10, 2011. He has been Director of Star Cement Limited since November 16, 2002. He serves as a Director of Century Coats Ltd., Century Plantations Ltd., Century Equities Pvt. Ltd., Sumangal International Pvt. Ltd. and Pacific Plywoods Pvt. Ltd. He has been a Director of Century Infotech Limited since August 27, 2015. Mr. Agarwal graduated in Commerce from University of Calcutta.

CEO Compensation
  • Sanjay's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Sanjay's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Century Plyboards (India) management team in years:

11
Average Tenure
60
Average Age
  • The average tenure for the Century Plyboards (India) management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Sanjay Agarwal

TITLE
MD, CEO & Executive Director
COMPENSATION
₹12M
AGE
58

Hari Agarwal

TITLE
Vice Chairman of the Board
COMPENSATION
₹6M
AGE
70
TENURE
1.9 yrs

Vishnu Khemani

TITLE
MD & Executive Director
COMPENSATION
₹12M
AGE
67
TENURE
11 yrs

Prem Bhajanka

TITLE
MD & Executive Director
COMPENSATION
₹12M
AGE
61
TENURE
11 yrs

Arun Julasaria

TITLE
Chief Financial Officer
AGE
57

Ajay Baldawa

TITLE
Executive Director
COMPENSATION
₹24M
AGE
63

Keshav Bhajanka

TITLE
Executive Director
COMPENSATION
₹5M

Ashutosh Jaiswal

TITLE
President of IB Divison & Logistics
AGE
60

Navarun Sen

TITLE
Executive LOB Head of Panel
AGE
50

Shankho Chowdhury

TITLE
Executive LOB Head of Decoratives
AGE
56
Board of Directors Tenure

Average tenure and age of the Century Plyboards (India) board of directors in years:

4.3
Average Tenure
65
Average Age
  • The tenure for the Century Plyboards (India) board of directors is about average.
Board of Directors

Sajjan Bhajanka

TITLE
Chairman of the Board & MD
COMPENSATION
₹12M
AGE
67
TENURE
7.8 yrs

Sanjay Agarwal

TITLE
MD, CEO & Executive Director
COMPENSATION
₹12M
AGE
58

Hari Agarwal

TITLE
Vice Chairman of the Board
COMPENSATION
₹6M
AGE
70
TENURE
1.9 yrs

Vishnu Khemani

TITLE
MD & Executive Director
COMPENSATION
₹12M
AGE
67

Prem Bhajanka

TITLE
MD & Executive Director
COMPENSATION
₹12M
AGE
61
TENURE
1 yrs

Ajay Baldawa

TITLE
Executive Director
COMPENSATION
₹24M
AGE
63
TENURE
25.5 yrs

Keshav Bhajanka

TITLE
Executive Director
COMPENSATION
₹5M
TENURE
3.6 yrs

Nikita Bansal

TITLE
Executive Director
COMPENSATION
₹2M
AGE
29
TENURE
2.5 yrs

Mangilal Jain

TITLE
Non-Executive Independent Director
COMPENSATION
₹825K
AGE
88
TENURE
13.7 yrs

Mamta Binani

TITLE
Non-Executive Independent Director
COMPENSATION
₹850K
TENURE
5.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Century Plyboards (India) individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
28. Jun 19 Buy Sanjay Agarwal Individual 26. Jun 19 26. Jun 19 74,077 ₹158.73 ₹11,757,936
28. Jun 19 Buy Sajjan Bhajanka Individual 26. Jun 19 26. Jun 19 74,225 ₹158.73 ₹11,781,808
27. Sep 18 Buy Sanjay Agarwal Individual 27. Sep 18 27. Sep 18 405,618 ₹189.77 ₹76,972,530
27. Sep 18 Buy Sajjan Bhajanka Individual 27. Sep 18 27. Sep 18 500,000 ₹190.00 ₹94,999,949
X
Management checks
We assess Century Plyboards (India)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Century Plyboards (India) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Century Plyboards (India) (NSE:CENTURYPLY) Has A Somewhat Strained Balance Sheet

Importantly, Century Plyboards (India) Limited (NSE:CENTURYPLY) does carry debt. … NSEI:CENTURYPLY Historical Debt, August 5th 2019 How Strong Is Century Plyboards (India)'s Balance Sheet? … But it is future earnings, more than anything, that will determine Century Plyboards (India)'s ability to maintain a healthy balance sheet going forward.

Simply Wall St -

Should You Be Tempted To Sell Century Plyboards (India) Limited (NSE:CENTURYPLY) Because Of Its P/E Ratio?

See our latest analysis for Century Plyboards (India) How Do I Calculate Century Plyboards (India)'s Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Century Plyboards (India): P/E of 19.5 = ₹130.25 ÷ ₹6.68 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … NSEI:CENTURYPLY Price Estimation Relative to Market, July 25th 2019 Century Plyboards (India)'s P/E tells us that market participants think the company will perform better than its industry peers, going forward.

Simply Wall St -

Is Century Plyboards (India) Limited (NSE:CENTURYPLY) A Smart Pick For Income Investors?

Is Century Plyboards (India) Limited (NSE:CENTURYPLY) a good dividend stock? … Century Plyboards (India) has grown distributions at a rapid rate despite cutting the dividend at least once in the past. … It's good to see Century Plyboards (India) has been growing its earnings per share at 20% a year over the past 5 years. Rapid earnings growth and a low payout ratio suggests this company has been effectively reinvesting in its business. Should that continue, this company could have a bright future. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

How Do Analysts See Century Plyboards (India) Limited (NSE:CENTURYPLY) Performing In The Next Couple Of Years?

Below, I've laid out key growth figures on how market analysts view Century Plyboards (India)'s earnings growth trajectory over the next couple of years and whether the future looks brighter. … View our latest analysis for Century Plyboards (India) Analysts' expectations for next year seems buoyant, with earnings increasing by a robust 27%. … The advantage of this approach is that we can get a better picture of the direction of Century Plyboards (India)'s earnings trajectory over the long run, irrespective of near term fluctuations, which may be more relevant for long term investors.

Simply Wall St -

Century Plyboards (India) Limited (NSE:CENTURYPLY) Delivered A Better ROE Than Its Industry

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Century Plyboards (India): 15% = ₹1.5b ÷ ₹10b (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. … Century Plyboards (India)'s Debt And Its 15% ROE Century Plyboards (India) has a debt to equity ratio of 0.48, which is far from excessive.

Simply Wall St -

Should You Be Holding Century Plyboards (India) Limited (NSE:CENTURYPLY)?

Century Plyboards (India) Limited (NSE:CENTURYPLY) is a company with exceptional fundamental characteristics. … NSEI:CENTURYPLY Historical Debt, June 6th 2019 For those seeking income streams from their portfolio, CENTURYPLY is a robust dividend payer as well. … NSEI:CENTURYPLY Historical Dividend Yield, June 6th 2019 Next Steps: For Century Plyboards (India), there are three important aspects you should further examine: Future Outlook: What are well-informed industry analysts predicting for CENTURYPLY’s future growth?

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Century Plyboards (India) Limited (NSE:CENTURYPLY): Will The Growth Last?

After Century Plyboards (India) Limited's (NSE:CENTURYPLY) earnings announcement on 31 March 2019, analysts seem cautiously optimistic, as a 25% increase in profits is expected in the upcoming year, against the past 5-year average growth rate of 9.9%. … Check out our latest analysis for Century Plyboards (India) Can we expect Century Plyboards (India) to keep growing? … For Century Plyboards (India), I've put together three key aspects you should further research: Financial Health: Does it have a healthy balance sheet?

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What Kind Of Shareholders Own Century Plyboards (India) Limited (NSE:CENTURYPLY)?

A look at the shareholders of Century Plyboards (India) Limited (NSE:CENTURYPLY) can tell us which group is most powerful. … Century Plyboards (India) is not a large company by global standards. … See our latest analysis for Century Plyboards (India)

Simply Wall St -

Is Century Plyboards (India) Limited’s (NSE:CENTURYPLY) 23% ROCE Any Good?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Are Insiders Buying Century Plyboards (India) Limited (NSE:CENTURYPLY) Stock?

So before you buy or sell Century Plyboards (India) Limited (NSE:CENTURYPLY), you may well want to know whether insiders have been buying or selling. … Century Plyboards (India) Insider Transactions Over The Last Year. … Overall, Century Plyboards (India) insiders were net buyers last year

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Company Info

Description

Century Plyboards (India) Limited manufactures and sells plywood, laminates, decorative veneers, medium density fibre boards (MDF), pre-laminated boards, particle boards, and flush doors in India and internationally. The company operates through Plywood, Laminate, MDF, Plain Particle Board, CFS Services, and Others segments. It offers plywood, block-board, veneer, and timber; decorative laminates and pre-laminated boards; and container freight stations services. The company also trades in chemicals, minerals, and readymade furniture and equipment, as well as offers PVC sheets and fibre cement board. It also exports its products. The company offers its products under CenturyPly, CenturyPly Architect, CenturyPly Marine, CenturyPly Elasto, CenturyPly 710+ BWP Marine, Sharonply, Maxima, Century Win MR, Sainik, Technopine, Fire Safe, Bond 710, Century Laminates, Starline, Monocore, Century Ven Lam, Natzura Woods, Senzura Styles, Century Club Prime, Century 710+, Architect Door, Hector WPC Doorframes, Club Prime, Pro, Century Pre-lams, Century Face Veneers, Starke, Zykron, Century MDF, and Century Particle Board brand names. Century Plyboards (India) Limited was incorporated in 1982 and is based in Kolkata, India.

Details
Name: Century Plyboards (India) Limited
CENTURYPLY
Exchange: NSEI
Founded: 1982
₹29,793,397,959
222,172,990
Website: http://www.centuryply.com
Address: Century Plyboards (India) Limited
P-15/1, Taratala Road,
Kolkata,
West Bengal, 700088,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532548 Equity Shares Mumbai Stock Exchange IN INR 27. Oct 2004
NSEI CENTURYPLY Equity Shares National Stock Exchange of India IN INR 27. Oct 2004
Number of employees
Current staff
Staff numbers
0
Century Plyboards (India) employees.
Industry
Forest Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/18 12:50
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/08/16
Last earnings filing: 2019/08/09
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.