On Thursday, the shares of Century Plyboards (India) closed at Rs 660.00, up by 3.09 per cent from its previous closing of Rs 640.20 on the BSE.
Century Plyboards (India) is targeting Rs 12,000 crore turnover by 2031 from about Rs 3,600 crore in 2022-23. To achieve its Vision 2031, the company is implementing a Rs 2,000 crore capex plan. The company’s standalone revenue from operations for FY23 was Rs 3,620.65 crore, a growth of 20.65 per cent from the previous year.
The company has commenced rolling out its capex plan of Rs 2,000 crore by FY 2024-25. The proposed outlay will primarily focus on expanding the capacity of laminates, MDF, plywood, and particle board. These investments will be made in Andhra Pradesh, Tamil Nadu, and Punjab. Most of the proposed investment will be directed towards MDF (medium-density fibreboard) and particle board, which have a combined revenue potential of 40 per cent of the company’s turnover.
During the AGM held on September 27, company’s Chairman Sajjan Bhajanka told shareholders, “We are aiming for Rs 12,000 crore revenue by 2031. Despite the challenging demand scenario and sustained inflationary environment, the company strengthened its EBITDA by 4.4 per cent and profit after tax by 12.78 per cent during the year”.
Incorporated in 1982, Century Plyboards (India) is the largest seller of plywood and decorative veneers in the Indian organized plywood market. The manufacturing facility of company is located at Bishnupur near Joka, Kolkata.
Today, the stock opened at Rs 642.00 and has touched a high and low of Rs 660.95 and Rs 638.00 respectively. The BSE group ‘A’ stock of face value Rs 1 has touched a 52-week high and low of Rs 720.60 and Rs 436.65, respectively.
Last one week high and low of the scrip stood at Rs 660.95 and Rs 632.00 respectively. The current market cap of the company is Rs 14,663.42 crore. The promoters holding in the company stood at 73.04 per cent, while Institutions and Non-Institutions held 19.72 per cent and 7.23 per cent respectively.
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