Century Plyboards Share Price Target 2024 to 2030: Can CENTURYPLY touch 1000 INR?

Century Plyboards is a leading player in India’s plywood and laminates industry. The company has been in the business for over three decades and has built a strong reputation for delivering quality products. With the increasing demand for construction and interior materials, Century Plyboards has become a popular stock among investors.

In this article, we will explore the Century Plyboards share price target for the years 2023 to 2030, and determine if Century Plyboards is a good auto stock to buy.

We will take a closer look at the company’s financials, performance, and growth prospects to help investors make an informed decision about the stock.

Stock history of Century Plyboards

Century Plyboard‘s shares were first listed on the Bombay Stock Exchange in 1995. The stock has seen a steady rise since then, with the share price increasing from Rs. 78 in 1995 to Rs. 790 in 2023. The company has made several strategic acquisitions in the last few years, which have helped it expand its presence in the market.

It acquired Venlac Laminates in 2011, Sainik Plywood Industries in 2012, and Bison Panel Industries in 2014. These acquisitions have helped the company to expand its production capacity and add value to its products.

Century Plyboards (India) Limited has also diversified into other businesses such as real estate and hospitality. The company has also diversified into different geographical regions, including Bangladesh, Nepal, Bhutan, and Myanmar. In the last few years, the company has also focused on innovation and technology. It has invested in research and development to develop new and innovative products. The company has also opened several stores across India, which has helped it to increase its presence in the market.

Overall, Century Plyboards (India) Limited has seen a steady rise in its stock price over the last few decades, thanks to its strategic acquisitions, diversification, and focus on innovation and technology.

• Revenue reached ₹1,011.42Cr, showing an 8.88% increase compared to the same period last year and a substantial 11.99% growth over the preceding quarter.
• Net profit amounted to ₹96.86Cr, reflecting a positive trend with a 2.95% year-on-year rise and an 11.42% increase from the previous quarter.
• The net profit margin was 9.58%, experiencing a -5.44% change compared to the same period last year and a marginal -0.5% decline from the last quarter.

How do you think you could buy Century Plyboards shares?

You can buy Century Plyboards shares from the following trading platforms:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

Share Price Prediction of Century Plyboards: 2023 to 2030

Century Plyboards Share Price Target 2023

Century Plyboards Share Price Target 2024

Century Plyboards Share Price Target 2025

Century Plyboards Share Price Prediction 2026-2030

Financial Condition of Century Plyboards: Last 5 years

Over the last five years, Century Plyboards has exhibited notable financial trends, indicative of both growth and stability. Sales have shown a consistent upward trajectory, increasing from ₹2,280 Crores in 2019 to ₹3,647 Crores in 2023. Despite a proportional rise in expenses, the company has managed to maintain a robust operating profit, demonstrating effective cost management.

The operating profit margin (OPM %) fluctuated but generally remained healthy, reaching 18% in 2022. Other income, reflecting supplementary earnings, has contributed positively, showcasing a consistent upward trend. Notably, the company has strategically kept interest expenses under control. Profit before tax has shown substantial growth, more than doubling from ₹202 Crores in 2019 to ₹512 Crores in 2023.

Net profit and earnings per share (EPS) have mirrored this growth, reaching ₹384 Crores and ₹17.25, respectively, in 2023. Additionally, the declining dividend payout percentage suggests that the company is reinvesting profits for future growth, reflecting a sound financial strategy.

Century Plyboards Share Price Target by Experts

Century Plyboards share price target by Emkay Global Financial

Century Plyboards share price target by Sharekhan 

FAQS

Will the share price of Century Plyboards increase in 2023?

It is anticipated that Century Plyboards per share price will increase to ₹853.20 by the end of 2023.

What is the share price target of Century Plyboards for 2025?

The share price target of Century Plyboards for 2025  might be around ₹1,213.80. The market appears to be optimistic about the company’s prospects, driven by its solid financial performance and expanding customer base. 

What is the share price target of Century Plyboards for 2030?

The per-share price of Century Plyboards might reach around ₹2,209.11 by the end of 2030.

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Conclusion

In conclusion, Century Plyboards has shown positive growth over the past five years, with a steady increase in sales, revenue, and operating profits. Despite fluctuations in expenses and other costs, the company’s net profit has steadily increased, with the highest growth in the year 2022.

Additionally, the Price to Earning ratio and dividend payout have been consistently favorable, indicating a healthy and profitable company. Based on the growth patterns of the last five years, Century Plyboards shares are likely to be a good investment in the future.

However, as with any investment, it’s important to consider all factors, including the current market conditions and personal financial goals before making a decision.

Author: Neha BhardwajHello, I am Neha. I am currently pursuing B.Sc (Hons.) Computer Science from Hansraj College, University of Delhi. I am skilled in web content writing and my interest lies in the field of Data Analytics, Finance and Marketing.