Century Plyboards India Limited (CPIL)

Company Background:

Century Plyboards (India) Ltd. is a public limited

company incorporated on 5 January 1982 with a
corporate identification number (CIN) of CMIE company code 43729
L20101WB1982PLC034435. The registered office ROC regn. no. 2134435
CIN code L20101WB1982PLC034435
of the company is located at P-15/1, Taratala Road, Ownership CenturyPly Group
Kolkata-700088, West Bengal. Century Plyboards Phone no. +91 33 22435029
Fax no. +91 33 24015556
(India) is listed on both, the Bombay Stock Email address investors@centuryply.com
Exchange (BSE) as well as on the National Stock ISIN code INE348B01021
BSE scrip code INE348B01021
Exchange (NSE). The company was first traded on
BSE listing group 532548
the BSE on 27 October 2004. On NSE, the NSE symbol CENTURYPLY
company's shares were first traded on 23 March Listed on Bombay , Calcutta , MCX , National

2006. Based on the distribution of the revenues

earned by Century Plyboards (India), the company is
classified into the Wood & wood products industry.
The main product/service of the company, which is
the product/service from which it earns maximum
revenue is Plywood. Century Plyboards (India) ranks
1st in the Wood & wood products industry in terms
of sales revenues in the year 2022-23. Plywood,
Laminate, Mdf, Particle Board, Cfs Services and
Others are the major revenue segments disclosed by
the company as per its annual financial statements
for the year 2022-23.
The company is an export-oriented company with
foreign exchange earnings of the company
comprising about 4.4 per cent of its sales. Century
Plyboards (India) is a large-sized company with
revenues of Rs.36,660.4 million as per the latest
annual report of the company for the year ended 31
March 2023. It ranked 1470th in CMIE's rankings by
size in 2021-22. The company earned sales revenues
of Rs.36,206.5 million for the year ended 31 March
2023 with a balance sheet size of Rs.26,538 million.
It owns net fixed assets of Rs.10,002 million and the
book value of its total assets is Rs.26,538 million.
Century Plyboards (India) has been a profitable
company for the past 27 years ended 31 March 2023.
It was profitable at the operating level as well as the
net level. It earned an operating profit of Rs.5,864.1

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million and a net profit of Rs.3,424.3 million in 31 March Peer Competitors %Share
2023. The company earned an operating margin of 16.2 CenturyPlyboard 64.29%
per cent and a net margin of 9.4 per cent during the year Greenpanel Ind 20.83%
Greenply Ind 9.06%
ended 31 March 2023. Century Plyboards (India) is a low
Rushil Decor 3.22%
leveraged company with a debt-equity ratio of 0.146 times Priti Internati 0.94%
on the back of a total borrowing of Rs.2,775.9 million. Archidply Ind 0.59%
The Company’s leadership and respect have been The Western Ind 0.48%
validated through its market capitalization, which has Omfurn India 0.26%
grown over 25% CAGR across the last decade. The Archidply Decor 0.19%
Company was valued at H10,349 Crore as on 31st Mangalam Timber 0.14%

March 2023, the highest in India’s wood products

sector. The company is listed on the National Stock
Exchange of India Ltd. and BSE Limited.

Product

1. Century Plyboards offers a wide range of plywood

products, including:

• Architect Plywood: Specifically designed for

architectural applications and interior designing.
• Bond 710 Plywood: A general-purpose plywood
suitable for various applications.
• Sainik Plywood: A budget-friendly plywood
suitable for interior applications.
• Century Ply Club Prime Plywood: High-quality
plywood suitable for residential and commercial
use.
• Century Ply Kitchens: Plywood specifically designed for modular kitchens.

2. Laminates: Century Plyboards offers laminates for various applications, including:

• Century Laminates: Decorative laminates in various

designs, textures, and colours for surfaces like
furniture, cabinets, countertops, etc.
• Century Decor: High-gloss laminates for a sleek and
modern look.
• Century PreLam: Pre-laminated particle boards for
easy and efficient furniture making.

3. Veneers: Century Plyboards provides a variety of veneers for enhancing the aesthetics of
furniture and interior spaces.

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4. Doors: Century Plyboards manufactures different
types of doors, including flush doors, decorative
veneer doors, laminated doors, etc.
5. Blockboards: Blockboards suitable for various
applications like furniture, partitions, shelves, etc.
6. MDF (Medium-Density Fibreboard): Century
Plyboards offers MDF boards used in furniture,
cabinetry, and other applications.
7. Particle Boards: Particle boards designed for cost-
effective furniture and interior applications.
8. Prelam Particle Boards: Pre-laminated particle
boards for ready-to-use furniture.
9. Fiber Cement Boards: Fiber cement boards for
applications like cladding, partitions, ceilings, etc.
10. Adhesives: Century Plyboards also offers a range of adhesives suitable for plywood and
other applications.

1. What does the company do?

➢ Century Plyboards (India) Limited is a leading manufacturer of plywood, laminates,

and various other building materials in India. The company primarily operates in
the wood products industry and is known for producing a wide range of products
used in interior and exterior applications in construction and interior design.

Here are some of the main products and services offered by Century Plyboards (India):

▪ Plywood: Century Plyboards manufactures different types of plywood, including

commercial plywood, waterproof plywood, marine plywood, and decorative
veneers. These products are widely used in furniture, interior paneling, flooring,
and other construction applications.
▪ Laminates: The company produces laminates that are used for surfacing
applications in furniture, countertops, cabinets, and various interior and exterior
decorative purposes.
▪ Veneers: Century Plyboards offers a variety of decorative veneers made from
natural wood, which are used for enhancing the aesthetics of furniture and interiors.
▪ Doors: Century Plyboards manufactures a range of doors, including flush doors,
decorative veneer doors, membrane doors, and more, for residential, commercial,
and industrial purposes.
▪ MDF (Medium Density Fiberboard): The company produces MDF boards, which
are widely used in furniture, cabinetry, and other interior applications due to their
smooth surface and versatility.
▪ Particleboards: Century Plyboards manufactures particleboards, which are
composite wood products used in furniture and cabinetry manufacturing.
▪ Decorative Laminates: They produce a variety of decorative laminates used for
surfacing applications in furniture and interiors.
▪ Engineered Wood Products: This includes products like blockboards, and doors
made using modern engineering techniques for improved strength and durability.

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 2. Who are its promoters? What are their backgrounds?

➢ The promoters of Century Plyboards (India) Ltd. are Sajjan Bhajanka, Prem Kumar
Bhajanka and Keshav Bhajanka.

▪ Sajjan Bhajanka is the co-founder and chairman of Century Plyboards. He is

a visionary businessman with over 40 years of experience in the plywood
industry. He is also the chairman of Star Cement and a key member of the
executive committee of Indian Chamber of Commerce. Sajjan Bhajanka started
his career in the plywood industry in the early 1970s. He worked with various
companies before co-founding Century Plyboards in 1986. He is a graduate of
the University of Calcutta and holds a diploma in business management.

▪ Prem Kumar Bhajanka: Prem Kumar Bhajanka is another key promoter of

Century Plyboards (India) Limited. He has played a vital role in shaping the
company's strategies and operations. His contributions have been important in
establishing Century Plyboards as a prominent player in the industry.

▪ Keshav Bhajanka: Keshav Bhajanka is also a member of the Bhajanka family

and a promoter of Century Plyboards (India) Limited. He, along with other
family members, has been involved in the growth and management of the
company.

3. What do they manufacture (in case it is a manufacturing company)?

➢ Century Plyboards is one of the leading plywood manufacturers in India, and its
products are known for their high quality and durability. The company's products
are used in a variety of applications, including residential and commercial
construction, furniture making, and interior design.

➢ In addition to plywood, Century Plyboards also manufactures a variety of other

wood products, such as decorative veneers, flush doors, MDF, decorative laminates,
pre-laminated boards, and fiber cement boards. These products are also used in a
variety of applications, and they are known for their high quality and durability.

➢ Century Plyboards is a leading manufacturer of wood products in India, and its

products are exported to over 20 countries. The company is committed to providing
its customers with high-quality products and services, and it is constantly
innovating to meet the changing needs of the market.

4. How many plants do they have and where are they located?

➢ Century Plyboards (India) Ltd. has six manufacturing plants in India, located in the
following places:
▪ Bishnupur, near Joka, Kolkata

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 ▪ Karnal, Haryana
▪ Guwahati, Assam
▪ Hoshiarpur, Punjab
▪ Kandla, Gujarat
▪ Chennai, Tamil Nadu

5. Are they running the plant in full capacity?

➢ Yes, Century Plyboards (India) Ltd. is running its plants in full capacity. In fact, the
company is currently expanding its capacity to meet the growing demand for its
products. In a recent interview, Sajjan Bhajanka, the chairman of Century
Plyboards, said that the company is investing heavily in capacity expansion. He said
that the company is adding new lines at its existing plants and is also setting up new
plants. The company is expected to add 20% capacity in FY24 and another 20%
capacity in FY25. This will take the company's total capacity to over 2 million cubic
meters per annum. The company is also expanding its product range. In addition to
plywood, the company is now also manufacturing MDF, laminates, and other wood
products.

6. What kind of raw material is required?

➢ The company sources its wood logs from sustainable forests and plantations. The
company also uses recycled wood in its products whenever possible. The company
also uses a variety of other raw materials in its products, such as glue, resins,
hardening agents, and finishing materials. These materials are essential for the
manufacturing process and ensure the quality and durability of the company's
products. CenturyPlyboards is committed to using high-quality raw materials in its
products. The company has a team of experts who source the raw materials from
the best suppliers in the world. The company also has a strict quality control process
in place to ensure that the raw materials meet its high standards.

7. Who are the company’s clients or end users?

➢ Century Plyboards (India) Limited serves a diverse range of clients and end-users
across various industries, primarily related to construction, interior design, and
furniture manufacturing. The clients and end-users of Century Plyboards' products
include:

▪ Furniture Manufacturers: Century Plyboards supplies its plywood, laminates,

veneers, MDF, and other wood-based products to furniture manufacturers who
use these materials to create a wide variety of furniture items for both residential
and commercial spaces.
▪ Interior Designers and Architects: Interior designers and architects utilize
Century Plyboards' products in their projects for creating interior spaces,
including wall panelling, cabinetry, furniture, flooring, and other decorative
elements.

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 ▪ Construction and Real Estate Companies: Century Plyboards products are
used in various construction projects, including residential complexes,
commercial buildings, hotels, and more. Plywood and related products are used
for structural purposes, doors, and other architectural elements.
▪ Individual Homeowners: Homeowners purchase Century Plyboards' products,
such as plywood, laminates, doors, and decorative veneers, for their homes to
enhance aesthetics, durability, and functionality.
▪ Retailers and Distributors: Century Plyboards supplies its products to a
network of retailers, distributors, and dealers across India and internationally.
These entities play a crucial role in making the products available to consumers.
▪ Industrial and Corporate Clients: Industries and corporate clients use
Century Plyboards' products for various applications within their facilities,
including office furniture, cabinetry, and other interior fitments.
▪ Government and Institutional Projects: Century Plyboards' products are
often used in government projects, educational institutions, hospitals, and other
public infrastructure developments.
▪ Export Markets: Century Plyboards exports its products to several countries,
catering to clients and end-users in international markets.

8. Who are the Competitor?

Name Last Price Market Cap.(Rs. cr.) SalesTurnover Net Profit Total Assets
CenturyPlyboard 647.3 14381.26 3620.65 366.84 2162.62
Greenpanel Ind 379.95 4659.23 1782.86 229.96 1391.77
Greenply Ind 164.25 2025.78 1643.2 109.35 647.89
Rushil Decor 271.7 721.14 838.4 77.67 769.05
Priti Internati 181.45 210.82 82.85 7.12 45.52
Archidply Ind 66.95 133 414.5 12.23 167.23
The Western Ind 125.95 106.9 106.67 4.13 65.82
Omfurn India 83.85 57.12 70.23 3.91 37.07
Archidply Decor 76.55 42.61 50.5 0.73 66.15
Mangalam Timber 17.35 31.8 6.62 -18.8 24.67

9. Who are the major shareholder of the company?

➢ The major promoters of Century Ply India Ltd. are:

o Sanjay Agarwal - Managing Director & Promoter Director

o Sajjan Bhajanka - Promoter Director
o Prem Kumar Bhajanka - Promoter Director
o Vishnu Khemani - Promoter Director
o Keshav Bhajanka - Promoter Director
o Ajay Baldawa - Promoter Director
o Nikita Bansal - Promoter Director
o Rajesh Kumar Agarwal - Promoter Director

These promoters collectively hold a controlling stake of 72.85% in the company as of

June 30, 2023.

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 10. Do they launch any product?
➢ Century Ply has not announced any specific product launches in recent times.
However, the company is constantly innovating and developing new products to
meet the changing needs of its customers. For example, in 2022, the company
launched a new range of plywoods called CenturyPly Firewall. These plywoods are
designed to be fire-resistant and are ideal for use in high-rise buildings and other
commercial establishments.

11.Do they plan to expand to different countries?

➢ Century Ply is particularly interested in expanding its presence in emerging
markets, such as Africa and Latin America. These markets are experiencing rapid
economic growth, and there is a growing demand for high-quality plywood
products. Century Ply is well-positioned to capitalize on this demand, as it has a
strong track record of success in developing and marketing new products to meet
the needs of specific markets.

12. What is the revenue mix? And What Product sells most?
➢ Century Ply's revenue mix for the financial year 2022-23 is as follows:
▪ Plywood: 65%
▪ Laminates: 15%
▪ Veneers: 10%
▪ Flush doors: 5%
▪ Others: 5%

The product that sells the most for Century Ply is plywood.

13. Do they operate under the heavy regulatory environment?

➢ Yes, Century Ply operates under a heavy regulatory environment. The plywood
industry in India is regulated by a number of government agencies, including the
Ministry of Forests, Environment and Climate Change, the Bureau of Indian
Standards (BIS), and the National Green Tribunal (NGT).

➢ The plywood industry is also subject to a number of environmental regulations. For

example, the plywood industry is required to obtain a license from the Ministry of
Forests, Environment and Climate Change to operate. The industry is also required
to comply with the provisions of the Forest Conservation Act, 1980, and the
Environment (Protection) Act, 1986.

➢ Century Ply is committed to complying with all applicable regulations. The

company has a strong track record of environmental compliance, and it has been
awarded the ISO 14001 certification for its environmental management system.

Here are some of the specific regulations that Century Ply is subject to:

• The Forest Conservation Act, 1980: This act regulates the clearing of forests and
the diversion of forest land for non-forest use.

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 • The Environment (Protection) Act, 1986: This act regulates the prevention and
control of air, water, and land pollution.
• The Plywood, Veneer and Other Wood Products (Manufacture, Storage and Import)
Control Order, 1975: This order regulates the manufacture, storage, and import of
plywood and other wood products.
• The Bureau of Indian Standards (BIS) Act, 1986: This act establishes the BIS,
which is responsible for formulating and implementing national standards for
products and services.

Century Ply is a responsible corporate citizen, and it is committed to operating in a sustainable

and environmentally friendly manner. The company complies with all applicable regulations
and is constantly innovating to reduce its environmental impact.

14. Who are the bankers and auditors?

➢ Century Ply's bankers and auditors are as follows:

Bankers:

• DBS Bank
• HDFC Bank Ltd.
• Indian Bank
• Kotak Mahindra Bank Ltd.
• State Bank of India

Auditors:

• S. R. Batliboi & Co. LLP

S. R. Batliboi & Co. LLP is a leading chartered accountancy firm in India. The firm has
a strong track record of auditing and consulting services for a wide range of clients,
including listed companies, public sector undertakings, and private companies.

15. How many employees do they have? And does the company have labour issue?

➢ Century Ply India Ltd. has over 1,000 employees in India. The company has a
good track record of employee relations, and there have been no major labor
issues reported in recent years.

16. What are the entry barriers for new participant to enter the industry?

➢ The plywood industry is a capital-intensive industry, and there are a number of

entry barriers for new participants.

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 Here are some of the key entry barriers in the plywood industry:

• High capital investment: Setting up a plywood manufacturing unit

requires a significant investment in land, machinery, and equipment.
• Access to raw materials: Plywood is made from wood, which is a natural
resource that is subject to government regulation. New participants may face
difficulties in obtaining access to raw materials at competitive prices.
• Expertise and technology: Plywood manufacturing is a complex process
that requires expertise and technology. New participants may lack the
necessary expertise and technology to produce high-quality plywood.
• Brand recognition: Established plywood manufacturers have strong brand
recognition and customer loyalty. New participants may find it difficult to
compete with established manufacturers in terms of brand recognition.
• Government regulations: The plywood industry is subject to a number of
government regulations. New participants must comply with all applicable
regulations in order to operate legally.

17. Are the company manufacturing products that can easily replicated in a country
with cheap labour?

➢ Yes, the products that Century Ply India Ltd. manufactures can be easily replicated
in a country with cheap labor. Plywood is a relatively simple product to
manufacture, and the key raw material is wood, which is available in many
countries. In addition, the plywood manufacturing process is not highly automated,
so it is possible to produce plywood using manual labor.

18. Does company have too many subsidiaries?

➢ Yes Century Ply India Ltd. has subsidiaries namely:

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Quantitative Analysis

Gross Profit Margin (GPM)

Century Plyboards (India) Ltd.

Profitability Ratios : Mar 2014 - Mar 2023 : Non-Annualised : Rs. Million
Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23
12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
PBDITA as % of total income 12.6 15.6 16.4 16.2 15.7 13.9 13.8 15.8 18.5 17.2
PBT as % of total income 5 10.4 11.2 12 9.9 9.3 9.2 12.3 15.8 13.5
PAT as % of total income 4.8 8.8 9.5 9.6 7.8 7 6.9 9 10.8 10

• As growth profit margin is less than 20%, there is low evidence of a sustainable moat.

Revenue Growth
Century Plyboards (India) Ltd.
Income & Expenditure Summary : Mar 2014 - Mar 2023 : Non-Annualised : Rs. Million
Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23
12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
Total income 14,147.40 17,230.10 17,899.70 19,430.00 20,118.10 22,698.90 22,937.60 21,254.10 30,236.40 36,660.40
Sales 14,044.10 17,049.20 17,834.80 19,203.30 20,051.30 22,638.40 22,826.80 21,134.80 30,008.70 36,206.50
21.40% 4.61% 7.67% 4.42% 12.90% 0.83% -7.41% 41.99% 20.65%

• There is growth of 20.65% in the revenue of the company.

EPS (Earning per Share)

Century Plyboards (India) Ltd.

EPS as per AS-20 : Mar 2014 - Mar 2023 : Non-Annualised : Rs. Million
Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23
12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
EPS basic 3 6.8 7.6 8.3 7 7.2 7.1 8.6 14.6 16.5
EPS diluted 3 6.8 7.6 8.3 7 7.2 7.1 8.6 14.6 16.5
Nominal value of shares 1 1 1 1 1 1 1 1 1 1

• The trailing 12-month EPS (earning per share) of the company stands at Rs 16.5 an
improvement from the EPS of Rs 14.6 recorded last year

Debt Level (Debt to Equity)

Century Plyboards (India) Ltd.
Total Borrowings : Mar 2014 - Mar 2023 : Non-Annualised : Rs. Million
Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23
12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
Borrowings 4,912.90 5,018.80 4,552.30 6,022.00 5,430.20 5,189.10 2,801.30 1,472.80 2,141.50 2,775.90
Borrowing from banks 2,026.70 2,834.70 1,983.10 2,046.80 1,742.20 3,745.50 458.7 591.8 527.6 1,173.70
Sec bank borr 2,026.70 2,834.70 1,983.10 1,696.80 1,742.20 3,245.50 458.7 591.8 527.6 1,173.70
Unsec Bank borr 350 500
• The company debt level during FY23 stood as Rs 2775.90 million as compared Rs
2141.50 million in FY22. There witnessing an increasing of 29.62%.

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Inventory

Century Plyboards (India) Ltd.

Liquidity, Working Cycle & Turnover Ratios : Mar 2014 - Mar 2023 : Non-Annualised : Rs. Million
Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23
12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
Inventories 50.5 46.6 40.3 32.2 42.1 47.4 48.6 36.2 41.1 37

• Inventories have lesser to 37 million as compared to previous year 41.1 million, at -

9.98% rate in change.

Sales vs Receivables

Income & Expenditure Summary : Mar 2014 - Mar 2023 : Non-Annualised : Rs. Million
Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23
12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
Total income 14,147.40 17,230.10 17,899.70 19,430.00 20,118.10 22,698.90 22,937.60 21,254.10 30,236.40 36,660.40
Sales 14,044.10 17,049.20 17,834.80 19,203.30 20,051.30 22,638.40 22,826.80 21,134.80 30,008.70 36,206.50
Recievables
Short term trade & bills receivables 2,066.70 2,706.10 2,952.00 3,429.00 3,233.40 3,025.20 2,671.20 3,059.70 3,594.90 3,953.00

• Net sales have increased by 20.65% while receivables by 9.96%. this signifies that the
change in sales percentage is less than the change in receivables.

Cash flow from operations

Century Plyboards (India) Ltd.

Cash Flow Summary : Mar 2014 - Mar 2023 : Non-Annualised : Rs. Million
Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23
Net cash flow from operating activities 306.5 1,377.70 2,895.00 2,229.70 2,834.00 2,259.50 4,259.90 3,589.00 2,689.00 4,408.10
Net profit before tax & extraordinary items 693 1,798.00 1,998.10 2,336.90 1,990.10 2,118.60 2,103.80 2,726.40 4,801.90 4,941.10
Add: Adj for non-cash and non-op exp 915.8 894.8 1,007.60 811.1 1,191.20 1,028.40 1,588.00 735 826 1,408.20
Less: Adj for non-cash and non-op income 86.3 52.8 12.9 178.2 57.5 50.1 77.1 62.1 132.7 432.4
Operating cash flow before working cap chgs 1,522.50 2,640.00 2,992.80 2,969.80 3,123.80 3,096.90 3,614.70 3,399.30 5,495.20 5,916.90
Add:Cash inflow due to decr/(incr) in wkg cap 0 185.6 786.7 874.3 998 334.1 1,120.60 1,081.60 398.7 350.5
Less:Cash outflow due to (decr)/incr in wkg cap 1,104.30 1,103.70 421.2 1,157.80 743.7 627.7 95.9 450.9 2,113.00 645.6
Cash flow generated from operations 418.2 1,721.90 3,358.30 2,686.30 3,378.10 2,803.30 4,639.40 4,030.00 3,780.90 5,621.80
Growth% 311.7% 95.0% -20.0% 25.8% -17.0% 65.5% -13.1% -6.2% 48.7%

• Cash flow from operations is positive (48.7%), i.e., increased on the YOY basis.

Return on Equity (ROE)

Income & Expenditure Summary : Mar 2014 - Mar 2023 : Non-Annualised : Rs. Million
Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23
12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
Profit after tax 677.7 1,508.20 1,698.10 1,855.60 1,566.40 1,587.60 1,581.70 1,920.60 3,252.70 3,668.40
Total Capital 222.6 222.6 222.6 222.6 222.6 222.6 222.6 222.6 222.6 222.6
ROE 3.044474394 6.775381851 7.628481581 8.336028751 7.036837376 7.132075472 7.10557053 8.628032345 14.61230907 16.47978437

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 • ROE is increased YOY. Though it has increased 17.89% in FY23, investor may satisfies
YOY Growth.

Business Diversity

Classifications Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20

12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
Main product / service Plywood Plywood Plywood Plywood Plywood Plywood Plywood
Industry group Wood & wood products Wood & wood products Wood & wood products Wood & wood products Wood & wood products Wood & wood products Wood & wood products
Ownership group CenturyPly Group CenturyPly Group CenturyPly Group CenturyPly Group CenturyPly Group CenturyPly Group CenturyPly Group

• Century ply India Ltd. Main product is plywood.

Auditors
Century Plyboards (India) Ltd.
Subsidiaries : Mar 2014 - Mar 2023
Subsidiaries Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23
Auro Sundram Ply & Door Pvt. Ltd. Y Y Y Y Y Y Y Y Y Y
Century M D F Ltd. Y Y Y Y Y Y Y Y Y Y
Ara Suppliers Pvt. Ltd. Y Y Y Y Y Y Y Y Y
Arham Sales Pvt. Ltd. Y Y Y Y Y Y Y Y Y
Adonis Vyaper Pvt. Ltd. Y Y Y Y Y Y Y Y Y
Apnapan Viniyog Pvt. Ltd. Y Y Y Y Y Y Y Y Y
Century Infotech Ltd. Y Y Y Y Y Y Y Y
Century Panels Ltd. Y Y Y Y
Century Infra Ltd. Y Y
Century Ports Ltd. Y
Century Gabon S U A R L Y Y Y Y Y
Centuryply Myanmar Pvt. Ltd. Y Y Y Y Y Y Y Y Y Y
Century Ply (Singapore) Pte. Ltd. Y Y Y Y Y Y Y Y
Century Ply Laos Co. Ltd. Y Y Y Y Y Y Y Y
Century Huesoulin Plywood Lao Co. Ltd. Y Y Y Y
Asis Plywood Ltd. Y Y Y Y
Century Adhesives & Chemicals Ltd. Y
Huesoulin Wood Processing Factory Co. Ltd. Y Y
Pt. Century Ply Indonesia Y Y Y
Innovation Pacific Singapore Pte. Ltd. Y
Aegis Business Ltd. Y

Y = Yes

• In FY 23 16 subsidiaries have CPIL

Auditors
Auditors and Partners : Mar 2014 - Mar 2023
Year Auditors Auditor Partner ➢ These are the auditors of CPIL.
Mar-23 Singhi & Co. Rajiv Singhi
Mar-22 Singhi & Co. Rajiv Singhi
Mar-21 Singhi & Co. Rajiv Singhi
Mar-20 Singhi & Co. Rajiv Singhi
Mar-19 Singhi & Co. Rajiv Singhi
Mar-18 Singhi & Co. Rajiv Singhi
Mar-17 Singhi & Co. Anurag Singhi
Mar-16 Singhi & Co. Anurag Singhi
Mar-15 Singhi & Co. Anurag Singhi
Mar-14 S R Batliboi & Co. L L P Bhaswar Sarkar

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References:

1. Prowessiq
2. https://en.wikipedia.org/wiki/Century_Plyboards
3. https://www.centuryply.com/about-us
4. Screener

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