CENTURYPLYBSECentury Plyboards (India) Ltd-$MediumNeutral
Announced Fri, 22 May · 16:18 IST

Copy of Investor Presentation attached

Mgmt Guided Margin ImprovementInvestor Communications View source PDF

CENTURYPLY · price

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Price reaction · full curve 14 horizons · vs prior close
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₹769.95
prior close
₹792.95
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AI summary

Century Plyboards reported its highest-ever quarterly revenue of Rs. 1,492 crores in Q4 FY2025-26, with strong growth of 24.5% year-on-year and 10.5% sequentially. Full-year revenue grew 19.2% to Rs. 5,397 crores. EBITDA margin (excluding forex) improved significantly to 13.0% for the full year from 11.1% in FY2024-25, with Q4 margin at 13.7%. PAT jumped 44% to Rs. 268 crores. All four segments showed robust performance: Plywood delivered 15.6% revenue growth with 15.2% EBITDA margin; Laminates staged a turnaround with margins recovering to 8.5% from 5.2%; MDF grew 25.6% with 12.7% margins; Particle Board more than doubled revenue but remains low-margin at 1.2%. Total debt increased to Rs. 1,531 crores to fund expansion, though debt-to-EBITDA improved to 2.47x from 2.97x. Ongoing capex includes a greenfield MDF and Laminates project in Andhra Pradesh through subsidiary Century Panels Ltd.

Likely market impact

Strong quarter with margin expansion and PAT growth reflects operational efficiency gains and better product mix. The company is investing heavily in capacity (debt-funded capex) which may pressure near-term financials but positions for future growth. Laminates turnaround is particularly encouraging.