Century Plyboards is a leading player in the plywood and laminates industry in India. 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. 641 in 2023. The company has made several strategic acquisitions in the last few years, which have helped it to 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.
Century Plyboards (India) Q2 FY2023-2024 Financial Overview:
- 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.
You can buy Century Plyboards shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| November 2023 | ₹692.28 | ₹601.98 |
| December 2023 | ₹715.13 | ₹621.85 |
As of November and December 2023, Century Plyboards is anticipated to experience fluctuations in its share price. In November, the projected range indicates a potential high of ₹692.28 and a low of ₹601.98, while December forecasts suggest a maximum of ₹715.13 and a minimum of ₹621.85. These estimates provide investors with insights into potential price movements.
Meanwhile, as of November 27th, 2023, the current market cap stands at ₹14,245 Cr., and the existing share price is ₹641. These figures contribute to a comprehensive understanding of Century Plyboards’ market performance, aiding investors in strategic decision-making based on anticipated share price dynamics.
| When | Maximum Price | Minimum Price |
| January 2024 | ₹729.72 | ₹634.54 |
| February 2024 | ₹744.61 | ₹647.49 |
| March 2024 | ₹759.81 | ₹660.70 |
| April 2024 | ₹737.68 | ₹641.46 |
| May 2024 | ₹726.78 | ₹631.98 |
| June 2024 | ₹752.94 | ₹654.73 |
| July 2024 | ₹745.41 | ₹648.18 |
| August 2024 | ₹775.23 | ₹674.11 |
| September 2024 | ₹806.24 | ₹701.07 |
| October 2024 | ₹790.43 | ₹687.33 |
| November 2024 | ₹814.14 | ₹707.95 |
| December 2024 | ₹834.49 | ₹725.65 |
The share price projections for Century Plyboards in 2024 depict a dynamic trajectory. Starting in January with an estimated range of ₹729.72 to ₹634.54, the prices are anticipated to fluctuate throughout the year.
Noteworthy points include an expected peak of ₹834.49 and a low of ₹725.65 in December 2024. Investors can anticipate diverse market movements each month, providing insights into potential trends and influencing factors.
These projections offer a comprehensive outlook for strategic decision-making, allowing stakeholders to navigate the market based on the forecasted variations in Century Plyboards’ share prices over the course of 2024.
| When | Maximum Price | Minimum Price |
| January 2025 | ₹851.18 | ₹654.76 |
| February 2025 | ₹873.01 | ₹671.55 |
| March 2025 | ₹907.06 | ₹697.74 |
| April 2025 | ₹889.27 | ₹684.05 |
| May 2025 | ₹863.37 | ₹664.13 |
| June 2025 | ₹902.22 | ₹694.02 |
| July 2025 | ₹884.53 | ₹680.41 |
| August 2025 | ₹911.89 | ₹701.45 |
| September 2025 | ₹943.80 | ₹726.00 |
| October 2025 | ₹968.34 | ₹744.88 |
| November 2025 | ₹992.55 | ₹763.50 |
| December 2025 | ₹1,017.36 | ₹782.59 |
The projected share price targets for Century Plyboards in 2025 unveil a dynamic trajectory, indicating potential market trends. Beginning in January with a forecasted range of ₹851.18 to ₹654.76, the prices are expected to witness fluctuations throughout the year. Notable points include an anticipated peak of ₹1,017.36 and a low of ₹782.59 in December 2025.
These projections offer investors insights into potential market movements on a monthly basis, aiding strategic decision-making. The upward trend in prices, culminating in the significant peak towards the end of the year, suggests positive market sentiment and potential growth opportunities. However, investors should carefully monitor these projections, considering external factors that may impact the market and influence Century Plyboards’ share prices throughout 2025.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹1,068.23 | ₹747.76 |
| 2027 | ₹1,175.06 | ₹822.54 |
| 2028 | ₹1,645.08 | ₹822.54 |
| 2029 | ₹1,424.31 | ₹712.16 |
| 2030 | ₹1,851.60 | ₹1,296.12 |
The share price predictions for Century Plyboards present a promising outlook from 2026 to 2030. Starting in 2026, the projected range is between ₹747.76 and ₹1,068.23, showcasing a potential upward trajectory. As we move into 2027, the anticipated share price varies between ₹822.54 and ₹1,175.06, indicating a positive trend. The year 2028 foresees a more substantial increase, with the projected range reaching ₹822.54 to ₹1,645.08.
In 2029, the prices are expected to maintain a robust position, fluctuating between ₹712.16 and ₹1,424.31. The year 2030 concludes the forecast with an even more significant projection, ranging from ₹1,296.12 to ₹1,851.60. These predictions hint at a favorable market sentiment, potentially driven by factors such as industry trends, company performance, and economic conditions. However, investors should approach these forecasts with a discerning eye, considering the inherent uncertainties in the market.
Financial Condition of Century Plyboards: Last 5 years
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Sales | 2,280 | 2,317 | 2,130 | 3,027 | 3,647 |
| Expenses | 1,975 | 2,037 | 1,795 | 2,495 | 3,064 |
| Operating Profit | 305 | 280 | 336 | 532 | 583 |
| OPM % | 13% | 12% | 16% | 18% | 16% |
| Other Income | 3 | 13 | 6 | 21 | 23 |
| Interest | 47 | 39 | 13 | 11 | 17 |
| Depreciation | 59 | 76 | 69 | 74 | 78 |
| Profit Before Tax | 202 | 177 | 260 | 468 | 512 |
| Tax % | 26% | 29% | 26% | 33% | 25% |
| Net Profit | 149 | 125 | 191 | 313 | 384 |
| EPS (Rs) | 6.68 | 6.78 | 8.62 | 14.09 | 17.25 |
| Dividend Payout % | 15% | 15% | 12% | 11% | 6% |
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.
Emkay Global Financial expresses a positive outlook on Century Plyboards, issuing a buy recommendation for the stock in its research report dated November 10, 2023. The firm is optimistic about the stock’s potential and has set a target price of Rs 820.
ICICI Securities holds a positive stance on Century Plyboards and has issued a buy rating for the stock in its research report dated August 08, 2023. The firm is optimistic about the stock’s performance and has set a target price of Rs 740.
FAQS
It is anticipated that Century Plyboards per share price will increase to ₹715.13 by the end of 2023.
The share price target of Century Plyboards for 2024 might be around ₹834.49. The market appears to be optimistic about the company’s future prospects, driven by its solid financial performance and expanding customer base.
The per share price of Century Plyboards might reach around ₹1,851.60 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, it can be predicted that the 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.
What did we learn?
- 1 Stock history of Century Plyboards
- 2 Century Plyboards (India) Q2 FY2023-2024 Financial Overview:
- 3 How to buy Century Plyboards shares?
- 4 Share Price Prediction of Century Plyboards: 2023 to 2030
- 5 Financial Condition of Century Plyboards: Last 5 years
- 6 Century Plyboards share price target by Experts
- 7 FAQS
- 8 Conclusion
