CENTURYPLYConsumer Durables

Century Plyboards (India) Limited

Plywood Boards/ Laminates · ISIN INE348B01021 · BSE 532548 · NSE EQ · FV ₹1
Last price
₹658
+1.45%today
What this company does

Century Plyboards (India) Limited operates in Plywood Boards/ Laminates, part of the Consumer Durables sector. It booked ₹1,780 cr of revenue in its latest quarter (Q2 FY27) and kept 5.7% of sales as profit. It is the largest of 8 Plywood Boards/ Laminates companies we track, by market value.

In the report:
44out of 100
Equitytale Health Score
Strained

Healthier than 44% of companies in Consumer Durables, on all six measures of filed financials. Each measure is ranked against the 29–45 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
40

At close. Not part of the score.

Profitability & returns41

How much profit it earns on the money it employs

Balance sheet16

How much it owes, and whether earnings cover the interest

Cash quality58

Whether reported profit actually arrives as cash

Growth & consistency46

Whether sales and profit have grown, and how steadily

Valuation33

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 28% vs last year
✓ Profit up 46% vs last year
✓ Promoters hold 72%
✓ No promoter shares pledged
✓ Turns profit into real cash
Watch-outs
! Thin 5.7% net margin

What if I invest in CENTURYPLY?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹658▲ +1.45%
latest close · 2026-11-04
1-year return
+28.4%
52-wk low ₹48452-wk high ₹828
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio36.3High
LowAverageHigh
P/B ratio5.29High
Below bookModerateHigh
EV / EBITDA17.8High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity14.6%Fair
WeakFairStrong ▸15%
Return on capital19.0%Strong
WeakFairStrong
Net margin5.7%Decent
ThinDecentStrong
EBITDA margin13.0%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.69Moderate
LowModerateHigh ▸1
Interest cover5.2×Strong
RiskyOkayStrong ▸5×
Current ratio1.13Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹14,636 cr
Book value
₹124
EPS
₹4.53
latest quarter
Net debt
₹1,884 cr
owes more than its cash
Enterprise value
₹16,520 cr
EBITDA
₹927 cr
annualised
EBIT
₹701 cr
annualised
Operating margin
9.8%
Return on assets
7.1%
Earnings yield
2.76%
P/S
2.06
Sales / share
₹320.0
Tax rate
26.6%
Face value
₹1
Shares
22.3 cr
Working capital
₹255 cr
Current assets
₹2,246 cr
Current liabilities
₹1,991 cr
Delivery %
57.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹107–₹193, midpoint ₹150

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹1,780 cr
Other Income₹2 cr
Total Income₹1,782 cr
Cost of Materials₹906 cr
Purchases of Stock-in-Trade₹88 cr
Inventory Change (±)₹-37 cr
Employee Benefit Expense₹253 cr
Finance Costs₹34 cr
Depreciation & Amortisation₹57 cr
Other Expenses₹342 cr
Total Expenses₹1,641 cr
Profit before Tax₹141 cr
Tax Expense₹38 cr
Net Profit₹104 cr
Net margin on total income5.8%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹956 cr53.6%
Employee benefit expense₹253 cr14.2%
Finance costs₹34 cr1.9%
Depreciation & amortisation₹57 cr3.2%
Other expenses₹342 cr19.2%
Tax expense₹38 cr2.1%
Profit for the period₹104 cr5.8%
Total income ₹1,782 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue1,492 cr1,561 cr1,780 cr
Total income1,497 cr1,564 cr1,782 cr
Expenses1,393 cr1,447 cr1,641 cr
Profit before tax104 cr116 cr141 cr
Tax24 cr33 cr38 cr
Net profit (owners' share)78 cr80 cr101 cr
Net margin (owners' share, on revenue)5.2%5.1%5.7%
EPS (₹)3.513.614.53
YoY (latest quarter): total income +28.4% · net profit +46.2%
Balance sheet & cash flow · as of Sep 2026
Moderate debt
Total assets
₹5,687 cr
Shareholder equity
₹2,769 cr
parent shareholders
Total debt
₹1,929 cr
Cash
₹45 cr
Cash flow · H1 FY27
Operating
₹176 cr
Investing
₹-365 cr
Financing
₹203 cr
Peer comparison
Plywood Boards/ Laminates · by market value
CompanyPriceMarket capP/E
Century Plyboards (India) Limitedthis company₹648₹14,426 cr44.9
Greenlam Industries Limited₹214₹5,451 cr64.4
Stylam Industries Limited₹2,931₹4,968 cr29.4
Greenply Industries Limited₹259₹3,239 cr19.0
Greenpanel Industries Limited₹133₹1,633 cr13.7
Rushil Decor Limited₹16₹464 cr11.6
Archidply Industries Limited₹96₹191 cr7.7
Archidply Decor Limited₹66₹37 cr—
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.15%
trailing 12 months
Dividend / share (TTM)
₹1
Last dividend
₹1
ex 9 Sep 2026
ActionDetailEx-date
Dividend₹1 / share9 Sep 2026
Dividend₹1 / share11 Sep 2025
Dividend₹1 / share17 Sep 2024
Dividend₹1 / share20 Sep 2023
Dividend₹1.5 / share13 Sep 2022
Dividend₹1 / share31 Aug 2021
Who owns it · 2026-09-30
No pledge
Promoter
71.8%
FII / Foreign
3.6%
DII / Domestic
19.5%
Retail / others
5.1%
Promoter stake down 1.2% over the last 12 quarters.
Smart-money activity
Insider trades
SoldSajjan Bhajanka · Promoters50,00016 Jul 21
BoughtSanjana Bhajanka · Immediate relative50,00016 Jul 21
SoldYogesh Kumar Chaudhry · Employees/Designated Employees3,400 · ₹14.0 L15 Jun 21
Bulk / block deals
short— · NSE4719 Mar 26
short— · NSE128 Jul 25
short— · NSE111 Mar 25
Stake changes
SoldPrem Kumar Bhajanka · promoter→ 0.84% · 18.00 L11 Feb 26
BoughtPrem Kumar Bhajanka along with pac · promoter→ 72.64%2 Sep 25
BoughtRajesh kumar Agarwal along with pac · promoter→ 72.64%1 Sep 25
Promoter pledges
ReleasedHDFC Bank Ltd.30.00 L · 1.35% held7 Aug 17
ReleasedDBS Bank17.50 L · 0.79% held31 Mar 17
ReleasedDBS Bank17.50 L · 0.79% held31 Mar 17
What shareholders were asked to approve
3 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 16 Sep 2026
See the official result
1
To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2026 together with the Reports of the Board of Directors and the Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2026 together with Report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
4.58 cr votes for, 39 against · 0% of mutual funds and other big investors said no
2
To declare dividend on Equity Shares for the Financial Year ended 31st March, 2026
Backed by 100% of shareholders other than promotersneeded 50%
4.58 cr votes for, 29 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Sri Rajesh Kumar Agarwal (DIN: 00223718), who retires by rotation at this Annual General Meeting and being eligible, seeks re-appointment.
Backed by 87% of shareholders other than promotersneeded 50%
3.98 cr votes for, 60.04 L against · 13% of mutual funds and other big investors said no
4
To appoint a Director in place of Sri Prem Kumar Bhajanka (DIN: 00591512), who retires by rotation at this Annual General Meeting and being eligible, seeks re-appointment.
Backed by 83% of shareholders other than promotersneeded 50%
3.79 cr votes for, 79.09 L against · 17% of mutual funds and other big investors said no
7
To approve re-appointment of Smt. Nikita Bansal (DIN: 03109710) as an Executive Director of the Company
⚑ Passed only because promoters voted yes
Backed by 62% of shareholders other than promotersneeded 75%
2.83 cr votes for, 1.75 cr against · 38% of mutual funds and other big investors said no
8
Revision in remuneration of Smt. Nikita Bansal (DIN: 03109710), Executive Director of the Company
⚑ Passed only because promoters voted yes
Backed by 62% of shareholders other than promotersneeded 75%
2.83 cr votes for, 1.75 cr against · 38% of mutual funds and other big investors said no
9
Revision in remuneration of Sri Keshav Bhajanka (DIN: 03109701), Executive Director of the Company.
⚑ Passed only because promoters voted yes
Backed by 62% of shareholders other than promotersneeded 75%
2.83 cr votes for, 1.75 cr against · 38% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 39 named members
owning 71.8% between them · as of 2026-09-30
SANJAY AGARWAL11.22%
SAJJAN BHAJANKA10.90%
VISHNU KHEMANI8.46%
DIVYA AGARWAL7.54%
SANTOSH BHAJANKA6.68%
SRI RAM VANIJYA PVT LTD3.83%
BRIJDHAM MERCHANTS PVT LTD3.49%
SUMANGAL INTERNATIONAL PVT LTD3.45%
Business done with them
FY2026 · 9 of the group
The company paid ₹22 cr to companies in the promoter group last year — about 0.4% of its ₹5,397 cr revenue.
Sri Prem Kumar Bhajanka
Other payments to them · Description is mentioned along with relatives line items.
also owns 0.84% of the company
₹5 cr
company paid
Sri Sajjan Bhajanka
Other payments to them · Description is mentioned along with relatives line items.
also owns 10.90% of the company
₹4 cr
company paid
Sri Sanjay Agarwal
Other payments to them · Description is mentioned along with relatives line items.
also owns 11.22% of the company
₹4 cr
company paid
Sri Vishnu Khemani
Other payments to them · Description is mentioned along with relatives line items.
also owns 8.46% of the company
₹3 cr
company paid
Smt. Nikita Bansal
Other payments to them · Description is mentioned along with relatives line items.
also owns 0.03% of the company
₹3 cr
company paid
Sri Keshav Bhajanka
Other payments to them · Description is mentioned along with relatives line items.
also owns 1.13% of the company
₹3 cr
company paid
Sri Rajesh Kumar Agarwal
Other payments to them · Description is mentioned along with relatives line items.
also owns 1.82% of the company
₹1 cr
company paid
Smt Yash Bala Bhajanka
Paid them for services · Description is mentioned along with relatives line items.
also owns 1.42% of the company
₹14.2 L
company paid
Smt Sanjana Bhajanka
Other payments to them · Description is mentioned along with relatives line items.
also owns 0.02% of the company
₹9 L
company paid

The company also transacted with 8 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.