CENTURYPLYNSECentury Plyboards (India) Limited· ConstructionMediumNeutral
Announced Wed, 4 Jun · 15:34 IST

Century Plyboards (India) Limited has informed the Exchange about Transcript

Mgmt Guided Margin ImprovementMgmt Guided Margin PressureOrder Pipeline DisclosedAnalyst Day Multiyear TargetsCfo Debt Reduction RoadmapInvestor Communications View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Century Plyboards reported Q4 FY25 consolidated revenue of INR1,198 crores, up 13% YoY, while standalone revenue rose 2.3% to INR1,049 crores. Full-year FY25 revenue grew 16%. Performance was mixed across segments: plywood was the standout with 9.8% revenue growth and 15.4% EBITDA margin, MDF consolidated revenue surged 37.5% with 13.2% margin (Andhra Pradesh plant turned EBITDA positive), while laminates and particle board were under pressure at 5.6% margins each due to higher schemes, employee costs, and particle board volumes falling 23.2%. Management guided for 20% revenue growth in FY26, with laminate margins targeted at 8–10% by H2 and plywood margins at 12–14%. The new particle board plant is expected to deliver 15%+ EBITDA margins at steady state. Management reiterated a long-term target of INR12,000 crores revenue by FY31 versus current peak capacity of INR7,000–7,500 crores. Capex is expected to peak out by FY26 with debt repayment planned over the next two years, leaving very low long-term debt by FY27 end. Working capital is expected to ease by about 10 days as raw material inventory normalizes.

Likely market impact

Near-term: Mixed segment picture with plywood and MDF driving growth while laminates and particle board remain weak; margin recovery guidance is back-ended to H2 FY26. Positive for shareholders: clear debt reduction roadmap by FY27, multi-year revenue target of INR12,000 crores by FY31, and capacity additions in plywood (~100,000 CBM over two years) and MDF line rebalancing signaling sustained growth runway.