Sharekhan has given Buy recommendation for Century Plyboards with a target price of Rs. 700 in its research report issued on May 17, 2022

Sharekhan’s research report on Century Plyboards

The company continued to outperform in Q4FY2022 operationally led by strong performance in Plywood, MDF and Particle board. Net profit marginally lower due to shift to new tax regime. Management expects strong revenue growth across verticals while maintaining OPM broadly. However, it is likely to face capacity constraints in Plywood and Particle board. Capacity expansion plans in MDF and laminates on track. Company to carry out de-bottlenecking in Plywood and particle board for volume growth.


We retain a Buy on Century Plyboards with a revised PT of Rs. 700, factoring downwardly revised estimates.

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