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 average dividend payer.

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

-2.4%

CENTURYPLY

-3.3%

IN Forestry

0.5%

IN Market


1 Year Return

-9.1%

CENTURYPLY

-23.2%

IN Forestry

0.9%

IN Market

Return vs Industry: CENTURYPLY exceeded the Indian Forestry industry which returned -23.2% over the past year.

Return vs Market: CENTURYPLY underperformed the Indian Market which returned 0.9% over the past year.


Share holder returns

CENTURYPLYIndustryMarket
7 Day-2.4%-3.3%0.5%
30 Day6.5%-8.6%1.0%
90 Day10.3%-3.5%-3.2%
1 Year-8.4%-9.1%-22.0%-23.2%2.8%0.9%
3 Year-36.0%-37.0%-21.6%-24.0%20.3%14.3%
5 Year42.2%37.7%76.3%69.1%43.1%29.8%

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?

24.19x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: CENTURYPLY (₹160.3) is trading above our estimate of fair value (₹41.8)

Significantly Undervalued: CENTURYPLY is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: CENTURYPLY is poor value based on its PE Ratio (24.2x) compared to the Forestry industry average (8.5x).

PE vs Market: CENTURYPLY is poor value based on its PE Ratio (24.2x) compared to the Indian market (13.1x).


Price Based on Expected Growth

Low PEG Ratio: CENTURYPLY is poor value based on its PEG Ratio (1.3x)


Price Based on Value of Assets

PB vs Industry: CENTURYPLY is overvalued based on its PB Ratio (3.7x) compared to the IN Forestry industry average (0.8x).


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?

18.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: CENTURYPLY's forecast earnings growth (18.1% per year) is above the savings rate (7.6%).

Earnings vs Market: CENTURYPLY's earnings (18.1% per year) are forecast to grow slower than the Indian market (18.3% per year).

High Growth Earnings: CENTURYPLY's earnings are forecast to grow, but not significantly.

Revenue vs Market: CENTURYPLY's revenue (8.2% per year) is forecast to grow slower than the Indian market (11.4% per year).

High Growth Revenue: CENTURYPLY's revenue (8.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: CENTURYPLY's Return on Equity is forecast to be low in 3 years time (18.2%).


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

Earnings Trend: CENTURYPLY's earnings have declined by -1.7% per year over the past 5 years.

Accelerating Growth: CENTURYPLY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CENTURYPLY had negative earnings growth (-8%) over the past year, making it difficult to compare to the Forestry industry average (36.5%).


Return on Equity

High ROE: CENTURYPLY's Return on Equity (14.8%) is considered low.


Return on Assets

ROA vs Industry: CENTURYPLY has a higher Return on Assets than the Forestry industry average last year.


Return on Capital Employed

ROCE Improving: CENTURYPLY's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: CENTURYPLY's short term assets (₹8.5B) exceeds its short term liabilities (₹6.8B)

Long Term Liabilities: CENTURYPLY's short term assets (8.5B) exceeds its long term liabilities (1.4B)


Debt to Equity History and Analysis

Debt Level: CENTURYPLY's debt to equity ratio (52%) is considered high

Reducing Debt: CENTURYPLY's debt to equity ratio has reduced from 171.6% to 52% over the past 5 years.

Debt Coverage: CENTURYPLY's debt is well covered by operating cash flow (51.1%).

Interest Coverage: CENTURYPLY's interest payments on its debt are well covered by EBIT (9.8x coverage).


Balance Sheet

Inventory Level: CENTURYPLY has a high level of physical assets or inventory.

Debt Coverage by Assets: CENTURYPLY's debt is covered by short term assets (assets are 1.637900x debt).


Next Steps

Dividend

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

0.88%

Expected Dividend Yield


Dividend Yield vs Market

company0.6%marketbottom25%0.6%markettop25%2.5%industryaverage1.6%forecastin3Years0.9%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: CENTURYPLY's dividend (0.62%) is higher than the bottom 25% of dividend payers in the Indian market (0.61%).

High Dividend: CENTURYPLY's dividend (0.62%) is low compared to the top 25% of dividend payers in the Indian market (2.46%).

Stable Dividend: CENTURYPLY's dividend payments have been volatile in the past 10 years.

Growing Dividend: CENTURYPLY's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.1%), CENTURYPLY's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CENTURYPLY's dividends in 3 years are forecast to be thoroughly covered by earnings (13.2% payout ratio).


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?

6.6yrs

Average management tenure


CEO

Sanjay Agarwal (58yo)

0yrs

Tenure

₹12,000,000

Compensation

Mr. Sanjay Agarwal serves as Independent 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

Compensation vs. Market: Insufficient data to establish whether Sanjay's total compensation is reasonable compared to companies of similar size in the Indian market.

Compensation vs Earnings: Sanjay's compensation has been consistent with company performance over the past year.


Management Age and Tenure

6.6yrs

Average Tenure

61yo

Average Age

Experienced Management: CENTURYPLY's management team is seasoned and experienced (6.6 years average tenure).


Board Age and Tenure

4.5yrs

Average Tenure

65yo

Average Age

Experienced Board: CENTURYPLY's board of directors are considered experienced (4.5 years average tenure).


Insider Trading

Insider Buying: CENTURYPLY insiders have bought more shares than they have sold 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₹11,781,80828 Jun 19
Sajjan Bhajanka
EntityIndividual
Role
Chairman of the Board
Chairman of the Board & MD
Shares74,225
Max Price₹158.73
Buy₹11,757,93628 Jun 19
Sanjay Agarwal
EntityIndividual
Role
Chief Executive Officer
MD, CEO & Executive Director
Shares74,077
Max Price₹158.73

Ownership Breakdown


Management Team

  • Sajjan Bhajanka (67yo)

    Chairman of the Board & MD

    • Tenure: 8yrs
    • Compensation: ₹12.00m
  • Prem Bhajanka (61yo)

    MD & Executive Director

    • Tenure: 1.2yrs
    • Compensation: ₹12.00m
  • Sanjay Agarwal (58yo)

    MD, CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: ₹12.00m
  • Vishnu Khemani (67yo)

    MD & Executive Director

    • Tenure: 0yrs
    • Compensation: ₹12.00m
  • Arun Julasaria (57yo)

    Chief Financial Officer

    • Tenure: 0yrs
  • Ajay Baldawa (63yo)

    Executive Director

    • Tenure: 25.7yrs
    • Compensation: ₹24.00m
  • Hari Agarwal (70yo)

    Vice Chairman of the Board

    • Tenure: 2.1yrs
    • Compensation: ₹6.00m
  • Navarun Sen (50yo)

    Executive LOB Head of Panel

    • Tenure: 0yrs
  • Keshav Bhajanka

    Executive Director

    • Tenure: 3.8yrs
    • Compensation: ₹5.00m
  • Ashutosh Jaiswal (60yo)

    President of IB Divison & Logistics

    • Tenure: 0yrs

Board Members

  • Sajjan Bhajanka (67yo)

    Chairman of the Board & MD

    • Tenure: 8yrs
    • Compensation: ₹12.00m
  • Prem Bhajanka (61yo)

    MD & Executive Director

    • Tenure: 1.2yrs
    • Compensation: ₹12.00m
  • Sanjay Agarwal (58yo)

    MD, CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: ₹12.00m
  • Vishnu Khemani (67yo)

    MD & Executive Director

    • Tenure: 0yrs
    • Compensation: ₹12.00m
  • Ajay Baldawa (63yo)

    Executive Director

    • Tenure: 25.7yrs
    • Compensation: ₹24.00m
  • Hari Agarwal (70yo)

    Vice Chairman of the Board

    • Tenure: 2.1yrs
    • Compensation: ₹6.00m
  • Mangilal Jain (88yo)

    Non-Executive Independent Director

    • Tenure: 13.8yrs
    • Compensation: ₹825.00k
  • Keshav Bhajanka

    Executive Director

    • Tenure: 3.8yrs
    • Compensation: ₹5.00m
  • Mamta Binani

    Non-Executive Independent Director

    • Tenure: 5.3yrs
    • Compensation: ₹850.00k
  • Nikita Bansal (29yo)

    Executive Director

    • Tenure: 2.7yrs
    • 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: ₹35.625b
  • 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 Analysis2019/10/13 13:04
End of Day Share Price2019/10/11 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.

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