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. 514 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.
Latest news about Century Plyboards
➤ The consolidated profits of Century Plyboards(NSE: CENTURYPLY) India decreased during the third fiscal quarter.
How to buy Century Plyboards shares?
You can buy Century Plyboards shares from the following trading platforms:
Share Price Prediction of Century Plyboards: 2023 to 2030
Century Plyboards Share Price Target 2023
|When||Maximum Price||Minimum Price|
The CenturyPly share price projection for 2023 presents a mixed outlook for Century Plyboards, with the stock’s price fluctuating throughout the year. Despite this volatility, the maximum price predictions for each month suggest a bullish trend for the company, with growth percentages ranging from 6.4% to 19.8%.
However, the minimum price predictions indicate a potential downtrend, with decreases of up to 10.7%. Overall, the market seems to be anticipating a relatively stable year for Century Plyboards, with periods of growth and decline. Investors should consider this information and keep a close eye on the stock’s performance before making any investment decisions.
Share Price Target 2024 of Century Plyboards
|When||Maximum Price||Minimum Price|
The table suggests a positive outlook for Century Plyboards in 2024, with the company’s share price predicted to reach a maximum of ₹969.42 and a minimum of ₹516.38.
The stock is expected to see an upward trend, with growth percentages ranging from 12.6% to 48.4%. This, combined with the increasing demand for its products, makes Century Plyboards an attractive investment opportunity for those looking for long-term growth.
It is important for investors to keep a close eye on the stock’s performance and market conditions to make informed investment decisions. The maximum and minimum price targets for 2024 provide a range of possible outcomes, but investors should always be prepared for market fluctuations.
Share Price Target 2025 of Century Plyboards
|When||Maximum Price||Minimum Price|
The data suggests a bullish outlook for Century Plyboards in 2025, with the company’s share price predicted to reach a maximum of ₹1,175.93 and a minimum of ₹682.38.
The stock is expected to continue its upward trend, with growth percentages ranging from 6.9% to 16.9%. The strong performance and positive market sentiment are expected to drive the company’s share price, making it an attractive investment option for those looking for short-term to medium-term gains.
Century Plyboards Share Price Prediction 2026-2030
|Year||Maximum Price||Minimum Price|
Century Plyboards, a leading player in the Indian plyboard industry, has been consistently performing well in the stock market. In 2026, the share price of Century Plyboards is expected to be in the range of ₹823.15 to ₹576.20, with a slight decline from the previous year’s maximum price.
However, this downward trend is expected to pick up in 2027 with the minimum and maximum prices being ₹489.77 and ₹699.68, respectively. In 2028, the share price is expected to surge with a maximum price target of ₹1,259.42 and a minimum price of ₹881.59.
The trend continues in 2029 and 2030 with the maximum price targets reaching ₹2,587.04 and ₹2,881.02, respectively.
These projections indicate a bullish outlook for Century Plyboards in the long term, making it a good investment opportunity for those looking to invest in the stock market.
Financial Condition of Century Plyboards: Last 5 years
|Profit before tax||212.43||202.33||177.22||259.58||468.21|
|Price to earning||44.51||31.18||16.37||36.93||50.84|
Century Plyboards has been growing steadily over the past five years, as reflected in its financial statements. The company’s sales have grown from ₹2,023.94 in March 2018 to ₹3,027.02 in March 2022, resulting in a revenue growth of 49.56%. The expenses have also increased during this period, with the company incurring ₹1,692.43 in March 2018 compared to ₹2,494.58 in March 2022, a growth of 47.02%.
Despite the increase in expenses, Century Plyboards has managed to maintain its operating profit, which stood at ₹331.51 in March 2018 and ₹532.44 in March 2022, a growth of 60.39%. Additionally, the company has seen a growth in its other income, which rose from ₹7.41 in March 2018 to ₹21.48 in March 2022.
The company’s profit before tax has also increased, growing from ₹212.43 in March 2018 to ₹468.21 in March 2022. This growth in profits is also reflected in the increase in the company’s net profit, which rose from ₹163.06 in March 2018 to ₹313.06 in March 2022, an increase of 91.15%.
The company’s earnings per share (EPS) also saw an increase over the years, from ₹7.34 in March 2018 to ₹14.09 in March 2022, a growth of 91.15%. The company’s price to earnings ratio saw a fluctuation during this period, with the maximum being at 50.84 in March 2022 and the minimum being at 16.37 in March 2020.
The company’s dividend payout also saw some variation over the past five years, with a minimum of 10.66% in March 2022 and a maximum of 14.99% in March 2019. The company’s operating profit margin (OPM) saw a growth from 16.38% in March 2018 to 17.59% in March 2022.
Century Plyboards share price target by Experts
Century Plyboards share price target by JM Financial
JM Financial has put forth a buy recommendation on Century Plyboards (India) with a goal of Rs 700.
Will the share price of Century Plyboards increase in 2023?
It is anticipated that Century Plyboards per share price will increase to ₹692.42 by the end of 2023.
What is the share price target of Century Plyboards for 2025?
The share price target of Century Plyboards for 2024 might be around ₹969. The market appears to be optimistic about the company’s future 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 ₹2,881 by the end of 2030.
- Top Bitcoin Alternatives to buy in 2023
- Investment Property Financing: Everything You Need to Know.
- Top 7 Charting Patterns Every Trader Should Know
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.