CENTURYPLY

Century Plyboards (India) share price & financials

Price
₹796.05
Market cap
₹17.4k Cr
Sector
Consumer Durables
Calls analysed
7
Latest concall · Q1 FY27 · call held 06 Aug 2026

Century Plyboards (India) Limited Q1 FY27

Consolidated Revenue ₹1,561 cr +34%EBITDA Margin 13% Profit After Tax ₹83.3 cr +57%ROCE 14.4%

What went well

  • Consolidated revenue reached a highest-ever quarterly ₹1,561 crores, representing a robust 33.5% year-on-year growth.
  • EBITDA margin excluding forest losses improved to 13.0%.
  • Profit after tax increased significantly by 57% year-on-year to ₹83.3 crores.

What to watch

  • The management noted that the market situation remains very volatile, making it difficult to provide specific guidance for revenue growth and margins.
  • Working capital requirements increased due to the high growth rate of 30%+, leading to a slight increase in the working capital quantum.
Read the full call →

What Century Plyboards (India) Limited does

Century Plyboards (India) Limited manufactures and sells interior wood-panel products — plywood, laminates, veneers, MDF, particle board, doors and PVC boards — under the CenturyPly brand, sold pan-India through a network of dealers, distributors and retailers. Headquartered in Kolkata, it runs manufacturing plants across West Bengal, Assam, Gujarat, Tamil Nadu, Haryana, Andhra Pradesh, Punjab and Uttarakhand, plus one plant in Gabon, and ranks No.1 in India by plywood manufacturing capacity. The company generates its revenue entirely from branded products within the wood-panel category.

Segments

  • Plywood
  • Laminates
  • MDF
  • Particle Board
Manufacturing facilities
14 plants in India plus 1 in Gabon — 8 plywood units, 2 laminate, 2 MDF, 2 particle-board units
Plywood installed capacity
3,99,600 CBM per annum (post-expansion)
MDF installed capacity
6,27,000 CBM per annum (post-expansion)
Laminates installed capacity
9.65 million sheets per annum (post-expansion)
Particle board installed capacity
3,12,000 CBM per annum (post-expansion)
Distribution network
4,161 trade partners across 27 states and 7 union territories, spanning 625 districts
Headquarters Kolkata, West Bengal, IndiaEmployees 7,396 (2025-03-31) Company website

Guidance record · Q1 FY27

what the last two calls moved 24 tracked 6 delivered 5 missed 13 open
  • Plywood Revenue Growth delivered, diluted said Q3 FY25 Promised: 12% growth in Q4 and forward Q1 FY27: Plywood revenue grew 32.4% YoY, continuing to significantly exceed the 12% target.
  • Standalone MDF EBITDA Margin missed said Q3 FY25 Promised: 15% by Q4 FY25 Q1 FY27: Historical promise that was missed. No new update.
  • Normalized MDF EBITDA Margin (Long-term) revised down said Q3 FY26 Promised: closer to 20% EBITDA Q1 FY27: Management guided for '15% plus margins' in the current year, which is a step down from the previous 'high-teens' or 'closer to 20%' long-term view.

All 24 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 32.5%, net profit up 38.2% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue1,063 1,004 1,049 1,017 1,205 +13%1,147 +14%1,277 +22%1,348 +33%
EBITDA122 104 128 112 139 +14%125 +20%143 +12%172 +54%
Net profit76 64 71 68 73 −4%59 −8%77 +8%94 +38%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −9.3% 1Y

₹650₹700₹750₹800₹850Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 13 Nov 2025Q3 FY26 — 10 Feb 2026Q4 FY26 — 27 May 2026Q1 FY27 — 6 Aug 2026

1Y: ₹790.15 on 10 Sept 2025 → ₹717.05. High ₹844 (12 Dec 2025), low ₹645.75 (16 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
+2.0%
6 Aug
Q4 FY26
+0.1%
27 May
Q3 FY26
+0.1%
10 Feb
Q2 FY26
+4.7%
13 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 8.4% a year over 3 years, FY23 to FY26. Operating margin narrowed to 11.2%.

Year endingFY23FY24FY25FY26
Revenue₹3.6k Cr₹3.8k Cr₹4.1k Cr₹4.6k Cr
Operating profit₹559 Cr₹499 Cr₹473 Cr₹519 Cr
Operating margin15.3%13.1%11.6%11.2%
Interest₹16 Cr₹26 Cr₹36 Cr₹57 Cr
Depreciation₹77 Cr₹86 Cr₹88 Cr₹125 Cr
Net profit₹384 Cr₹315 Cr₹285 Cr₹277 Cr
Net margin10.5%8.3%7.0%6.0%
Cash from operations₹421 Cr₹323 Cr₹132 Cr₹453 Cr
Free cash flow₹182 Cr₹22 Cr₹-288 Cr₹210 Cr
ROCE27.0%19.0%15.0%13.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹22 Cr₹22 Cr₹22 Cr₹22 Cr₹22 Cr₹22 Cr
Reserves₹1.2k Cr₹1.5k Cr₹1.9k Cr₹2.2k Cr₹2.4k Cr₹2.7k Cr
Borrowings₹147 Cr₹214 Cr₹265 Cr₹381 Cr₹1.6k Cr₹853 Cr
Other liabilities₹375 Cr₹436 Cr₹456 Cr₹465 Cr₹673 Cr₹613 Cr
Total liabilities₹1.8k Cr₹2.2k Cr₹2.6k Cr₹3.0k Cr₹4.8k Cr₹4.2k Cr
Fixed assets₹682 Cr₹696 Cr₹958 Cr₹973 Cr₹2.6k Cr₹1.6k Cr
Capital work in progress₹21 Cr₹165 Cr₹32 Cr₹221 Cr₹273 Cr₹72 Cr
Investments₹227 Cr₹155 Cr₹209 Cr₹220 Cr₹3 Cr₹594 Cr
Other assets₹857 Cr₹1.2k Cr₹1.4k Cr₹1.6k Cr₹1.9k Cr₹1.9k Cr
Total assets₹1.8k Cr₹2.2k Cr₹2.6k Cr₹3.0k Cr₹4.8k Cr₹4.2k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +1.49 pp while promoters trimmed −0.81 pp. The shareholder count shrank 8% to 49,365.

Promoters
71.8%
FIIs
3.9%
DIIs
19.4%
Public
4.9%

Since Jun 2025

  • DIIs +1.49 pp
  • Promoters −0.81 pp
  • FIIs −0.57 pp

How it drifted, 12 quarters

Over this window DIIs went from 14.5% to 19.4% — +4.9 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 73.0%, FIIs 5.6%, DIIs 14.5%, Public 6.9%.Dec '23: Promoters 73.0%, FIIs 5.5%, DIIs 14.8%, Public 6.8%.Mar '24: Promoters 72.6%, FIIs 6.3%, DIIs 14.5%, Public 6.6%.Jun '24: Promoters 72.6%, FIIs 4.3%, DIIs 16.7%, Public 6.5%.Sep '24: Promoters 72.6%, FIIs 4.4%, DIIs 17.0%, Public 6.0%.Dec '24: Promoters 72.6%, FIIs 4.5%, DIIs 17.5%, Public 5.4%.Mar '25: Promoters 72.6%, FIIs 4.6%, DIIs 17.6%, Public 5.2%.Jun '25: Promoters 72.6%, FIIs 4.4%, DIIs 17.9%, Public 5.0%.Sep '25: Promoters 72.6%, FIIs 4.3%, DIIs 18.1%, Public 5.0%.Dec '25: Promoters 72.6%, FIIs 4.1%, DIIs 18.4%, Public 4.9%.Mar '26: Promoters 71.8%, FIIs 4.1%, DIIs 19.2%, Public 4.9%.Jun '26: Promoters 71.8%, FIIs 3.9%, DIIs 19.4%, Public 4.9%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Century Plyboards (India) Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Sanjay Agarwal 11.22%unchanged
Sajjan Bhajanka 10.90%unchanged
Vishnu Khemani 8.46%unchanged
Divya Agarwal 7.54%unchanged
Santosh Bhajanka 6.68%unchanged
Mirae Asset Aggressive Hybrid Fund Mutual fund4.38%+0.98 pp
Kotak Aggressive Hybrid Fund Mutual fund4.10%unchanged
Sri Ram Vanijya Pvt Ltd 3.83%unchanged
Brijdham Merchants Pvt Ltd 3.49%unchanged
Sumangal International Pvt Ltd 3.45%unchanged
DSP Aggressive Hybrid Fund Mutual fund3.37%−0.81 pp
Sumangal Business Pvt Ltd 3.07%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in CENTURYPLY

Filings to Aug 2026

0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).

Held by funds
₹384 Cr
1 schemes
Biggest holder
Nippon India Small Cap Fund
₹384 Cr · 0.5% of that fund
SchemeHoldingLast month
Nippon India Small Cap Fund Nippon India Mutual Fund₹384 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

0 added, 0 trimmed — net 0 shares (+0.0%)

Funds are sitting on
+13%
vs est. average cost
Held by funds
₹384 Cr
1 schemes · ≈ 2.3% of the company

Shares held by these funds +1758%

Aug '23 50.74 L shares Jul '26

What the price assumes

Growth trap

To justify its price of ₹717, this stock must grow earnings at 32% every year for 7 years. Our analysis caps realistic growth at ~-10%. At that growth it is worth ₹78 — downside of 89%.

Growth the price implies
31.8% a year
for 7 years, fading to 4%
It has actually compounded at
-10.3% a year
net profit, FY23–FY26 · EPS -10.3%
The gap
0.4 pp
-89% downside if it only repeats history
Price today ₹717.05 Value at the reference growth ₹77.71

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Century Plyboards (India) Limited

Guides on how to read this kind of business and the numbers that matter.