NSEI:CENTURYPLY

Stock Analysis Report

Century Plyboards (India)

Executive Summary

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.

Snowflake

Fundamentals

Excellent balance sheet with moderate growth potential.

Risks

  • Century Plyboards (India) has significant price volatility in the past 3 months.

Share Price & News

How has Century Plyboards (India)'s share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.3%

NSEI:CENTURYPLY

-2.6%

IN Forestry

-2.9%

IN Market


1 Year Return

-42.9%

NSEI:CENTURYPLY

-38.0%

IN Forestry

-15.9%

IN Market

CENTURYPLY underperformed the Forestry industry which returned -38% over the past year.

CENTURYPLY underperformed the Market in India which returned -15.9% over the past year.


Share holder returns

CENTURYPLYIndustryMarket
7 Day-2.3%-2.6%-2.9%
30 Day1.0%-4.7%-5.7%
90 Day-22.5%-17.0%-11.0%
1 Year-42.6%-42.9%-37.2%-38.0%-14.1%-15.9%
3 Year-40.3%-40.8%-14.4%-16.6%15.7%9.5%
5 Year49.5%45.9%72.8%65.9%33.2%20.5%

Price Volatility Vs. Market

How volatile is Century Plyboards (India)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

19.72x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Century Plyboards (India)'s share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Century Plyboards (India)'s share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

Century Plyboards (India) is good value based on expected growth next year.


Price Based on Value of Assets

Century Plyboards (India) is overvalued based on assets compared to the IN Forestry industry average.


Next Steps

Future Growth

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

26.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Century Plyboards (India)'s revenue is expected to grow by 10.2% yearly, however this is not considered high growth (20% yearly).

Century Plyboards (India)'s earnings are expected to grow significantly at over 20% yearly.

Century Plyboards (India)'s revenue growth is positive but not above the India market average.

Century Plyboards (India)'s earnings growth is expected to exceed the India market average.

Century Plyboards (India)'s earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Century Plyboards (India) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

-1.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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.


Return on Equity

Century Plyboards (India) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Century Plyboards (India) used its assets more efficiently than the IN Forestry industry average last year based on Return on Assets.


Return on Capital Employed

Century Plyboards (India)'s use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Century Plyboards (India)'s financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

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).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.6x debt.


Next Steps

Dividend

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

1.06%

Expected Dividend Yield


Upcoming Dividend Payment

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


Dividend Yield and Payments Analysis

Century Plyboards (India)'s pays a higher dividend yield than the bottom 25% of dividend payers in India (0.65%).

Century Plyboards (India)'s dividend is below the markets top 25% of dividend payers in India (2.67%).

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

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.


Next Steps

Management

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

11.0yrs

Average management tenure


CEO

Sanjay Agarwal (58yo)

0.0yrs

Tenure

₹12,000,000

Compensation

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  ...


CEO Compensation Analysis

Sanjay's remuneration is lower than average for companies of similar size in India.

Sanjay's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

11.0yrs

Average Tenure

60yo

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.


Board Age and Tenure

4.3yrs

Average Tenure

65yo

Average Age

The tenure for the Century Plyboards (India) board of directors is about average.


Insider Trading

More shares have been bought than sold by Century Plyboards (India) individual insiders in the past 3 months.


Recent Insider Transactions

Buy₹567,54020 Aug 19
Nikita Bansal
EntityIndividual
Role
Member of the Board of Directors
Executive Director
Shares4,204
Max Price₹135.00
Buy₹11,757,93628 Jun 19
Sanjay Agarwal
EntityIndividual
Role
Chief Executive Officer
MD, CEO & Executive Director
Shares74,077
Max Price₹158.73
Buy₹11,781,80828 Jun 19
Sajjan Bhajanka
EntityIndividual
Role
Chairman of the Board
Chairman of the Board & MD
Shares74,225
Max Price₹158.73
Buy₹76,972,53027 Sep 18
Sanjay Agarwal
EntityIndividual
Role
Chief Executive Officer
MD, CEO & Executive Director
Shares405,618
Max Price₹189.77
Buy₹94,999,94927 Sep 18
Sajjan Bhajanka
EntityIndividual
Role
Chairman of the Board
Chairman of the Board & MD
Shares500,000
Max Price₹190.00

Ownership Breakdown


Management Team

  • Prem Bhajanka (61yo)

    MD & Executive Director

    • Tenure: 1.0yrs
    • Compensation: ₹12.00m
  • Sanjay Agarwal (58yo)

    MD, CEO & Executive Director

    • Tenure: 0.0yrs
    • Compensation: ₹12.00m
  • Vishnu Khemani (67yo)

    MD & Executive Director

    • Tenure: 0.0yrs
    • Compensation: ₹12.00m
  • Arun Julasaria (57yo)

    Chief Financial Officer

    • Tenure: 0.0yrs
  • Ajay Baldawa (63yo)

    Executive Director

    • Tenure: 25.5yrs
    • Compensation: ₹24.00m
  • Hari Agarwal (70yo)

    Vice Chairman of the Board

    • Tenure: 1.9yrs
    • Compensation: ₹6.00m
  • Shankho Chowdhury (56yo)

    Executive LOB Head of Decoratives

    • Tenure: 0.0yrs
  • Navarun Sen (50yo)

    Executive LOB Head of Panel

    • Tenure: 0.0yrs
  • Keshav Bhajanka

    Executive Director

    • Tenure: 3.6yrs
    • Compensation: ₹5.00m
  • Ashutosh Jaiswal (60yo)

    President of IB Divison & Logistics

    • Tenure: 0.0yrs

Board Members

  • Sajjan Bhajanka (67yo)

    Chairman of the Board & MD

    • Tenure: 7.8yrs
    • Compensation: ₹12.00m
  • Prem Bhajanka (61yo)

    MD & Executive Director

    • Tenure: 1.0yrs
    • Compensation: ₹12.00m
  • Sanjay Agarwal (58yo)

    MD, CEO & Executive Director

    • Tenure: 0.0yrs
    • Compensation: ₹12.00m
  • Vishnu Khemani (67yo)

    MD & Executive Director

    • Tenure: 0.0yrs
    • Compensation: ₹12.00m
  • Ajay Baldawa (63yo)

    Executive Director

    • Tenure: 25.5yrs
    • Compensation: ₹24.00m
  • Hari Agarwal (70yo)

    Vice Chairman of the Board

    • Tenure: 1.9yrs
    • Compensation: ₹6.00m
  • Mangilal Jain (88yo)

    Non-Executive Independent Director

    • Tenure: 13.7yrs
    • Compensation: ₹825.00k
  • Keshav Bhajanka

    Executive Director

    • Tenure: 3.6yrs
    • Compensation: ₹5.00m
  • Mamta Binani

    Non-Executive Independent Director

    • Tenure: 5.1yrs
    • Compensation: ₹850.00k
  • Nikita Bansal (29yo)

    Executive Director

    • Tenure: 2.5yrs
    • Compensation: ₹2.40m

Company Information

Century Plyboards (India) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Century Plyboards (India) Limited
  • Ticker: CENTURYPLY
  • Exchange: NSEI
  • Founded: 1982
  • Industry: Forest Products
  • Sector: Materials
  • Market Cap: ₹28.149b
  • Shares outstanding: 222.17m
  • Website: https://www.centuryply.com

Location

  • Century Plyboards (India) Limited
  • P-15/1, Taratala Road
  • Kolkata
  • West Bengal
  • 700088
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532548BSE (Mumbai Stock Exchange)YesEquity SharesININROct 2004
CENTURYPLYNSEI (National Stock Exchange of India)YesEquity SharesININROct 2004

Biography

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 inter ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 12:56
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.