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Century Plyboards (India) Limited (CENTURYPLY)

₹673.15 +0.23% last close, 16 Oct

📊 NSE: CENTURYPLY 🏢 Plywood Boards/ Laminates 📢 Latest filing: 06 Oct 2026 📝 Analysis written: 13 Dec 2025

Q2 FY27 results

📅 Next results: 04 Nov 2026 (board meeting)

Century Plyboards (India) Limited's board meets on 4 Nov 2026 to consider its Q2 FY27 results (July-September 2026).

In its latest reported quarter, Q1 FY27, Century Plyboards' revenue was ₹1,561 Cr (+33.5% year on year, +4.7% on the previous quarter), and net profit ₹83.3 Cr (+57.4% year on year); the operating margin was 12.7%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹1,561	+33.5%	+4.7%
Operating profit	₹198	+54.3%	+11.7%
Net profit	₹83.3	+57.4%	+5.4%
EPS (₹)	3.61	+54.9%	+2.8%
Operating margin	12.7%	—	—

Full quarterly financials → Results calendar →

CENTURYPLY delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 52.79% of the CENTURYPLY shares traded on NSE were taken to delivery, against the stock's own 20-session average of 59.87%. That is close to its usual level. Volume was 0.3 times its average, well below normal.

52.79%Delivery, 16 Oct

59.87%Own 20-session average

0.3×Volume vs its average

₹673.15NSE close · +0.23%

Delivery in the last 5 sessions: 57.6% · 56.3% · 65.4% · 91.5% · 52.8%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

CRISIL Upgrades Century Plyboards' ESG Rating to 62 ('Strong') from 51

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 06 Oct 2026, 03:05 PM

Century Plyboards (India) Limited has informed stock exchanges that CRISIL ESG Ratings & Analytics has voluntarily assigned it an ESG score of 'CRISIL ESG 62' (category: 'Strong') based on FY26 publicly disclosed data. This represents an improvement from its prior rating of 'Crisil ESG 51' ('Adequate') assigned for FY25. Additionally, the company received a 'Crisil Core ESG 69' score based on audited BRSR Core parameters. CRISIL noted that Century Plyboards did not solicit or engage the agency for this rating.

Overall ESG rating upgraded to 'Crisil ESG 62' ('Strong') from 'Crisil ESG 51' ('Adequate')
Assigned a 'Crisil Core ESG 69' rating based on BRSR Core disclosures
Pillar scores recorded at 70 for Governance (40% weight), 59 for Social (25% weight), and 54 for Environmental (35% weight)
~45% of total wages paid were to workforce employed in rural areas with zero whistleblower or investor complaints in FY26
Rating is non-commissioned and assigned independently by CRISIL based on public domain data

💡 Monitor how improved ESG metrics align with ongoing manufacturing operations and capital allocation in upcoming quarterly results; no direct financial or operational action is required.

Century Plyboards Closes Trading Window from October 1, 2026 for Q2/H1 FY27 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 21 Sep 2026, 12:12 PM

Century Plyboards has announced the closure of its trading window for Directors, Designated Persons, and their immediate relatives starting October 1, 2026. The closure is pursuant to SEBI (Prohibition of Insider Trading) Regulations for the quarter and half year ending September 30, 2026. The window will reopen 48 hours after the announcement of the unaudited financial results. The exact date of the board meeting will be communicated separately.

Trading window closes on 1st October, 2026
Pertains to unaudited financial results for the quarter and half year ended 30th September, 2026
Trading window reopens 48 hours after financial results announcement
Board meeting date to consider results will be intimated in due course

💡 Track the upcoming board meeting date announcement to know when Q2 and H1 FY27 financial results will be reported.

Century Plyboards Shareholders Approve Dividend, Borrowing Limits, and Director Appointments at AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 17 Sep 2026, 05:04 PM

Century Plyboards (India) Limited announced that all resolutions at its 45th Annual General Meeting held on September 16, 2026, were passed with the requisite majority. Shareholders approved ordinary business including adoption of FY26 financial statements, dividend declaration, and director re-appointments, as well as special resolutions including higher borrowing limits and charge creation. Overall voting participation was high, with 20.54 crore votes polled out of 22.22 crore total shares (92.44% turnout). Notably, institutional dissent was observed on the revision in remuneration of Executive Director Sri Keshav Bhajanka, where 38.38% of institutional votes were cast against, though the resolution passed overall with 91.49% approval.

Total voting turnout reached 92.44% with 20,53,76,838 votes polled across 22,21,72,990 total shares
Approval of FY26 standalone and consolidated financial statements and dividend passed with 100.00% votes in favour
Resolution on revision of remuneration for Executive Director Sri Keshav Bhajanka passed with 91.49% total votes, but saw 38.38% institutional votes cast against
Resolutions to increase borrowing limits under Section 180(1)(c) and create charges under Section 180(1)(a) passed with 98.62% approval each

💡 Track subsequent filings for the actual borrowing quantum planned under the expanded limits and monitor upcoming Q2 FY27 earnings for operational performance.

Century Ply Shareholders Approve Re-appointment of CEO Sanjay Agarwal for 5 Years

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 16 Sep 2026, 01:47 PM

Century Plyboards shareholders have approved key leadership re-appointments at the Annual General Meeting held on September 16, 2026. Sri Sanjay Agarwal was re-appointed as CEO and Managing Director for a 5-year term effective July 1, 2026, alongside Sri Ajay Baldawa as Executive Director (Technical) for 5 years. Smt. Nikita Bansal was also approved as Executive Director for a 5-year tenure beginning February 1, 2027. Additionally, Sri Rajesh Kumar Agarwal and Sri Prem Kumar Bhajanka were re-appointed as directors upon retirement by rotation.

Re-appointment of Sri Sanjay Agarwal as CEO & MD for 5 years effective July 1, 2026 (holding 2,49,30,460 equity shares)
Re-appointment of Sri Ajay Baldawa as Executive Director (Technical) for 5 years effective July 1, 2026 (holding 75,000 equity shares)
Re-appointment of Smt. Nikita Bansal as Executive Director for 5 years effective February 1, 2027 (holding 69,200 equity shares)
Sri Rajesh Kumar Agarwal (40,53,882 shares) and Sri Prem Kumar Bhajanka (18,72,561 shares) re-appointed upon retirement by rotation

💡 Track operational execution under the existing leadership, including capacity ramp-ups at greenfield MDF and laminate units, and quarterly earnings performance.

Century Plyboards Concludes 45th AGM; Passes All 11 Resolutions Including Higher Borrowing Limits

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 16 Sep 2026, 01:29 PM

Century Plyboards conducted its 45th Annual General Meeting on September 16, 2026, where all 11 proposed resolutions were approved by members with the requisite majority. Transacted business included the adoption of FY26 financial statements, dividend declaration, re-appointment of CEO & MD Sanjay Agarwal, and executive director remuneration revisions. Additionally, shareholders approved special resolutions to raise borrowing limits under Section 180(1)(c) and create asset charges under Section 180(1)(a). Detailed scrutiny results are scheduled to be submitted by 6:00 PM on September 17, 2026.

All 11 resolutions approved by members at the 45th AGM held on September 16, 2026
Passed special resolutions to raise company borrowing limits and create charges on assets
Approved re-appointment of Sri Sanjay Agarwal as CEO and Managing Director
Detailed voting scrutiny report to be submitted by 6:00 PM on September 17, 2026

💡 Track the upcoming disclosure of the scrutinizer's report and formal AGM voting percentages to verify exact borrowing cap increases, as well as the upcoming Q2 FY27 earnings.

Century Plyboards: TDS Intimation for Re 1/share Dividend; Record Date Sep 9, 2026

🟡 NEUTRAL ⭐ 3/10

DIVIDEND 📅 24 Aug 2026, 06:23 PM

Century Plyboards has issued a procedural communication to shareholders detailing Tax Deducted at Source (TDS) norms for the recommended dividend of Re. 1 per equity share (face value Re. 1) for FY26. The dividend is subject to approval at the 45th Annual General Meeting scheduled on September 16, 2026. The record date to determine shareholder entitlement is September 9, 2026. Shareholders requiring lower or nil withholding tax must submit required declarations and documentation by September 9, 2026.

Recommended dividend of Re. 1/- per equity share of face value Re. 1/- each for FY 2025-26
Record date fixed as 9th September, 2026 for dividend entitlement
45th Annual General Meeting scheduled for 16th September, 2026 for dividend approval
Zero TDS threshold for resident individual shareholders receiving aggregate dividend up to Rs 10,000
Deadline to submit tax exemption declarations (e.g. Form 121 / 15G / 15H) is 9th September, 2026

💡 Eligible shareholders seeking lower or nil tax deduction must submit their PAN and applicable tax declaration forms to the RTA (Maheshwari Datamatics) or depositories by September 9, 2026.

Century Plyboards Schedules 45th AGM for September 16, 2026; Issues FY26 Annual Report

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Aug 2026, 06:02 PM

Century Plyboards (India) Limited has released its Annual Report for FY 2025-26 and issued notice for its 45th Annual General Meeting (AGM) scheduled on September 16, 2026, via Video Conferencing. In the annual report, the company outlines a long-term revenue target of ₹12,000 crore by 2031 compared to FY26 consolidated revenue of ₹5,396.97 crore. The disclosures also highlight sustainability metrics, with ~98% of timber sourced through agroforestry and over 50% from FSC-certified suppliers.

45th Annual General Meeting scheduled for September 16, 2026, at 11:30 AM via VC/OAVM
Outlines long-term corporate target of ₹12,000 crore in revenues by 2031 (vs FY26 revenue of ₹5,396.97 crore)
~98% of primary timber raw material sourced sustainably via agroforestry and farm forestry
High Pressure Laminates - Compact Panels contributed 14% to total turnover in LCA assessment

💡 Investors should track voting outcomes and management commentary during the AGM on September 16, 2026, alongside progress toward capacity expansion projects.

Century Plyboards Schedules 45th AGM for Sep 16, 2026; Re 1/Share Final Dividend Record Date Sep 9

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Aug 2026, 05:28 PM

Century Plyboards (India) Limited has issued an intimation under Regulation 36(1)(b) of SEBI LODR regarding the dispatch of physical letters with QR codes/web links for the FY2025-26 Annual Report to shareholders without registered emails. The 45th Annual General Meeting is scheduled for Wednesday, September 16, 2026, via Video Conference. The company confirmed a final dividend of Re. 1/- per equity share for FY26, with the record date set for September 9, 2026. Remote e-voting will be active from September 12 to September 15, 2026.

45th Annual General Meeting scheduled for September 16, 2026, at 11:30 AM IST via Video Conference.
Final dividend of Re. 1/- per equity share proposed for FY25-26.
Record date and e-voting cut-off date fixed as Wednesday, September 9, 2026.
Remote e-voting window open from September 12, 2026 (9:00 AM) to September 15, 2026 (5:00 PM).

💡 Shareholders seeking dividend eligibility must hold shares as of the September 9, 2026 record date and ensure their KYC and bank mandate details are up to date.

33.5% Revenue Growth in Q1 FY27; Century Ply Reports Record ₹1,561 Cr Revenue

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 06 Aug 2026, 03:28 PM

Century Plyboards delivered a strong Q1 FY27 with consolidated revenue reaching ₹1,561 Cr, a 33.5% YoY increase. Profit After Tax (PAT) surged 57% YoY to ₹83.3 Cr, driven by robust volume growth and a 7% price hike in the plywood segment. The company is aggressively expanding capacity, with the Hoshiarpur plywood plant (60,000 CBM/annum) and Chennai brownfield expansion (to 12,500 CBM/month) both expected by Q3 FY27. Management is targeting a 20% ROCE for the MDF and Particle Board segments as utilization improves.

Consolidated revenue reached a record ₹1,561 Cr, up 33.5% YoY.
Particle Board revenue grew by 155.7% YoY, reflecting high capacity utilization.
Plywood EBITDA margin reached 16.9%, which management claims is the highest in the industry.
Andhra Pradesh MDF plant capacity expanded from 700 CBM/day to 950 CBM/day during the quarter.
Chennai plywood capacity to increase from 8,000 CBM/month to 12,500 CBM/month by Q3 FY27.

💡 Watch for the commissioning of the 60,000 CBM Hoshiarpur plant in Q3 FY27 and the impact of MDF price rollbacks on margins in the coming quarter.

Century Plyboards Releases Q1 FY27 Earnings Call Audio Recording

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 04 Aug 2026, 06:26 PM

Century Plyboards has published the audio recording of its investor conference call held on August 4, 2026, regarding the unaudited financial results for the quarter ended June 30, 2026. This routine disclosure allows investors to access management's detailed commentary on the company's performance and outlook. The company currently operates with a TTM revenue of ₹5,397 Cr and an operating margin of 12.0%. Management has previously targeted a 16-18% growth rate, driven by new greenfield MDF and laminate plants.

Audio recording released for the Q1 FY27 earnings call held on August 4, 2026
Company maintains a TTM revenue base of ₹5,397 Cr with a market cap of ₹17,457 Cr
Promoter holding remains stable at 71.83% as of June 2026
Management previously guided for 16-18% revenue growth supported by new capacity
Timber price volatility remains a key monitorable with a potential 10-15% impact on plywood costs

💡 Investors should listen to the recording specifically for updates on the ramp-up of the greenfield MDF and laminate plants and management's strategy to mitigate timber price inflation.

Century Plyboards to Attend Equirus Annual India Conference on August 14, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Aug 2026, 04:32 PM

Century Plyboards (India) Limited has scheduled an interaction with institutional investors and analysts at the Equirus Annual India Conference in Mumbai on August 14, 2026. The engagement will include both one-on-one and group meetings. The company has clarified that no unpublished price sensitive information (UPSI) will be shared, and no transcript of the discussions will be made available. This is a standard investor relations activity for a company with a market capitalization of ₹17,564 Cr and TTM revenue of ₹5,397 Cr.

Investor meeting scheduled for August 14, 2026, in Mumbai.
Participation in the Equirus Annual India Conference involving one-on-one and group formats.
Company reported TTM revenue of ₹5,397 Cr and TTM PAT of ₹268 Cr as of the latest period.
No transcript of the meeting will be provided to the exchanges.
Management confirms no unpublished price sensitive information (UPSI) will be discussed.

💡 Investors should monitor for any updated investor presentations the company might release around the conference date, although no new material financial data is expected from this specific event.

Century Plyboards Senior President Ratan Rajkhowa Resigns After 33-Year Tenure

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 01 Aug 2026, 01:16 PM

Shri Ratan Rajkhowa, Senior President (Head, Productivity & Administration), has resigned from Century Plyboards effective July 31, 2026. Having served the company for approximately 33 years, his departure is attributed to personal reasons as he moves to a new phase of life. As this is an administrative leadership role rather than a core financial or strategic position, the immediate impact on the company's Rs 5,397 Cr TTM revenue operations is expected to be minimal.

Resignation of Senior President (Head, Productivity & Administration) effective July 31, 2026
Completion of approximately 33 years of service with the organization
Company confirms no other material reasons for the resignation beyond personal reasons
Century Plyboards maintains a market capitalization of Rs 18,137 Cr as of the announcement date

💡 Investors should monitor for the appointment of a successor to ensure administrative continuity, though no immediate impact on financial performance is anticipated.

33.5% Revenue Growth: Century Ply Reports Record Quarterly Revenue of ₹1,561 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 31 Jul 2026, 03:23 PM

Century Plyboards reported a strong Q1 FY27 with record quarterly revenue of ₹1,561.38 crore, a 33.5% YoY increase. Net profit (PAT) surged 57% YoY to ₹83.3 crore, up from ₹52.9 crore in the previous year. While the Plywood segment remains the margin leader at 16.9%, the Particle Board segment showed explosive volume growth of 155.7% YoY. The company is managing a significant capex cycle with total debt rising to ₹1,644.21 crore, representing a Debt/Equity ratio of 0.65.

Achieved highest-ever quarterly revenue of ₹1,561.38 crore, growing 33.5% YoY
Profit After Tax (PAT) increased 57% YoY to ₹83.3 crore
Particle Board segment revenue grew by 155.7% YoY, though margins remain low at 3.7%
Cash conversion cycle improved to 68.86 days from 81.19 days in FY26
Total debt increased to ₹1,644.21 crore to fund ongoing ₹3,900 crore cumulative capex plan

💡 Investors should monitor the margin trajectory of the MDF and Particle Board segments as new capacities ramp up, and track the interest coverage ratio which currently stands at 4.93.

Century Plyboards sets Sept 9 as Record Date for Dividend; 45th AGM on Sept 16

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 31 Jul 2026, 02:15 PM

Century Plyboards (India) Limited has finalized the schedule for its 45th Annual General Meeting (AGM), to be held on September 16, 2026. The company has designated September 9, 2026, as the Record Date to determine shareholder eligibility for the dividend pertaining to the financial year ended March 31, 2026. This follows a fiscal year (FY26) where the company achieved a revenue of ‡5,397 crore and a net profit of ‡267.9 crore. The book closure period is set from September 10 to September 16, 2026.

45th Annual General Meeting scheduled for September 16, 2026, at 11:30 A.M.
Record Date for dividend eligibility fixed as September 9, 2026.
Book closure period spans from September 10 to September 16, 2026.
Board meeting conducted on July 31, 2026, lasting 1 hour and 25 minutes (12:30 PM to 1:55 PM).

💡 Investors interested in the dividend should ensure share ownership prior to the ex-dividend date (typically one business day before the record date). Monitor the AGM for management updates on the 16-18% growth strategy and the ramp-up of new MDF and laminate plants.

Century Plyboards sets Sep 9, 2026 as Record Date for Dividend and 45th AGM

🟡 NEUTRAL ⭐ 4/10

DIVIDEND 📅 31 Jul 2026, 02:13 PM

Century Plyboards (India) Limited has announced September 9, 2026, as the record date for determining shareholder eligibility for the final dividend of FY26. The company's 45th Annual General Meeting (AGM) is scheduled for September 16, 2026. This follows a fiscal year where the company achieved a revenue of ₹5,396.97 crore and a PAT of ₹267.92 crore. The register of members will remain closed from September 10 to September 16, 2026, for the purpose of the AGM.

Record date for dividend entitlement fixed as September 9, 2026
45th Annual General Meeting scheduled for September 16, 2026, at 11:30 A.M.
Book closure period set from September 10, 2026, to September 16, 2026 (7 days)
Board meeting finalizing these dates concluded at 01:55 PM on July 31, 2026

💡 Investors seeking the dividend should ensure they hold the stock prior to the ex-dividend date (typically one business day before the record date). Monitor the AGM for updates on the 16-18% growth strategy and MDF plant expansions.

View All CENTURYPLY Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Plywood: 16% YoY (INR 760 Cr); Laminates: 16.6% YoY (INR 188 Cr); MDF: 27.9% YoY (INR 343 Cr); Particle Board: -18.6% YoY (INR 32.11 Cr).

Profitability Margins

Consolidated EBITDA margin (ex-forex) improved to 13.1% from 10.3% YoY. Plywood EBITDA margin at 14.2%. Laminate EBITDA margin at 9.5%.

EBITDA Margin

13.1% (ex-forex), up from 10.3% YoY, driven by cost optimization and higher capacity utilization.

Capital Expenditure

Greenfield MDF and laminate projects undertaken through Century Panels Ltd. Trial sales of INR 22.28 Cr capitalized in Q2 FY26.

Credit Rating & Borrowing

Ratings consider strong debt coverage metrics; operating margins expected to sustain around 16% in FY25.

⚙️ Operational Drivers

Raw Materials

Timber and chemicals/resins are the primary raw materials. While specific percentage of total cost is not explicitly broken down, stable input prices were noted as a key driver for plywood margins.

Import Sources

Sourced from domestic markets and international locations like Gabon (via Century Gabon SUARL).

Capacity Expansion

MDF: South plant line extension planned for H2. Laminates: Debottlenecking initiatives underway. Greenfield MDF and laminate plants commenced in Q4 FY24.

Manufacturing Efficiency

Capacity utilization improvements contributed to the consolidated EBITDA margin reaching 13.1%.

📈 Strategic Growth

Expected Growth Rate

16-18%

Growth Strategy

Growth will be driven by the commencement of greenfield MDF and laminate plants in the Century Panels Ltd subsidiary in Q4 FY24, which is expected to support a 16-18% revenue increase. Additionally, the company is implementing line extensions at its South plant for MDF and debottlenecking laminate production to meet rising demand from the real estate and ready-made furniture sectors.

Products & Services

Plywood, Laminates, Medium Density Fiberboard (MDF), Particle Board, Prelam MDF, and Furniture Fittings.

Brand Portfolio

CenturyPly, Century Panels.

New Products/Services

Design-driven and premium SKUs in the laminate segment.

Market Expansion

Focus on domestic market and exports, particularly for premium SKUs.

Strategic Alliances

Century Panels Ltd (100% subsidiary), Century Gabon SUARL, Century Infotech Ltd.

🌍 External Factors

Industry Trends

The industry is seeing a 16-18% growth trajectory driven by a robust real estate cycle and a shift toward organized players. Future direction is positive due to increased consumer spending on residential interiors and a preference for design-driven premium SKUs. CenturyPly is positioning itself by expanding capacity in high-growth segments like MDF and Laminates.

Competitive Landscape

Competition from both organized and unorganized players in the plywood and MDF segments.

Competitive Moat

The company possesses a strong brand recall and a wide distribution reach, which act as durable advantages. Its manufacturing scale and integrated operations provide cost leadership. These are sustainable because of the high capital intensity and brand loyalty required in the building materials industry.

Macro Economic Sensitivity

Highly sensitive to the real estate sector and GDP growth, with demand for interior products closely linked to new housing completions.

Consumer Behavior

Shift toward premium, design-driven products and ready-made furniture.

Geopolitical Risks

Operations in Gabon (Century Gabon SUARL) expose the company to regional geopolitical risks and trade regulations.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with the Companies Act 2013, SEBI Listing Regulations, and pollution control norms for manufacturing units.

Taxation Policy Impact

Effective tax rate governed by the new tax regime adopted in FY22.

Legal Contingencies

No reportable material weakness or significant deficiencies in internal financial controls were observed as of March 31, 2025. Specific case values for pending litigation are not disclosed in the available documents.