ALFA Finder| Revenue growth | Consolidated revenue +28.5% YoY; ~7% plywood price hike inflates value growth. |
|---|---|
| Margins | EBITDA margin 13.1%; MDF ~8% in H1, double-digit targeted in H2. |
| Demand visibility | Plywood demand strong; MDF industry growth 'not a challenge'. |
| Management confidence | Balanced: confident on plywood, cautious on MDF margins. |
Growth
Consolidated revenue +28.5% YoY; plywood +28.6%, laminates +20.6%, MDF +10.5% YoY. A ~7% plywood price hike from April inflates value growth.
Outlook
MDF growth 17-18% in FY27 and double-digit MDF margin in H2. Plywood EBITDA margin 14-15% for FY27. Long-term debt/EBITDA below 1x next year.
Risks
MDF overcapacity (~30% industry capacity addition) keeps margins near 8%. Analyst-cited net debt/EBITDA of 2.4x. Laminate volumes falling.
Last quarter's promises, checked
Delivered
- Guided no large capex, cash to debt → no major capex; ~₹900 Cr EBITDA to repayment (= BEAT)
Partly delivered
- Guided 12–15% YoY plywood growth → +28.6% value, ~7% price-led, volume n/a (= PARTIAL)
Missed
- Guided MDF 15%+ margin → ~8% in H1; H2 target cut to double-digit (= MISS)
- Guided LT debt ≤1x EBITDA → net debt/EBITDA 2.4x, analyst-cited (= MISS)
- Guided MDF 'good growth' → +10.5% YoY vs ~29% in Q1 (= MISS)
Earnings Call Transcript filed with NSE, NSE: CENTURYPLY. Summary written with AI assistance from the document.
Century Plyboards (India) Ltd: key numbers
- Share price
- ₹639.25
- Market cap
- ₹14,202 Cr
- Revenue (annual)
- ₹5,397 Cr
- Net profit (annual)
- ₹262.7 Cr
- P/E (TTM)
- 44.0×Sector 37.4×
- Promoter holding
- 71.83%+0.00% QoQ
- FII holding
- 3.61%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Century Plyboards (India) Ltd
All →Century Plyboards (India) Investor Presentation: Key Takeaways
Q2 FY27 record quarter: consolidated revenue ₹1,780 Cr (+28.5% YoY), PAT ₹103.63 Cr (+46% YoY), EBITDA ex-forex 13.1%. Plywood and Particle Board drove growth.
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Century Plyboards (India) Q2 FY27 Results: Net Profit ₹103.6 Cr, Up 46.1% YoY
Century Plyboards (India) Ltd reported revenue from operations of ₹1,780 Cr (+28.5% YoY) and net profit of ₹103.6 Cr (+46.1% YoY) for Q2 FY27.
- Key figure
- Net profit ₹103.6 Cr · +46.1% YoY
Century Plyboards (India) Production Started
Century Plyboards commenced commercial production at its new Hoshiarpur plywood unit on 2 November 2026. No capacity or investment figure was disclosed.
Century Plyboards (India) Other Announcement
Century Plyboards (India) Ltd submitted its quarterly shareholding pattern for the quarter ended September 30, 2026, as per regulatory requirements.
Century Plyboards (India) Other Announcement
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