{"id":12748,"date":"2017-12-28T12:30:50","date_gmt":"2017-12-28T07:00:50","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=12748"},"modified":"2017-12-28T12:30:50","modified_gmt":"2017-12-28T07:00:50","slug":"century-plyboards-india-ltd","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/century-plyboards-india-ltd\/12748","title":{"rendered":"Century Plyboards India Ltd"},"content":{"rendered":"<p style=\"text-align: justify;\">Incorporated in 1986, Century Plyboards India Ltd (CPIL) is the largest domestic player in the plywood and decorative veneers space in the organized plywood market, catering to both residential as well as commercial consumers.<\/p>\n<p style=\"text-align: justify;\"><strong>Outlook and Valuation:<\/strong> CPIL\u2019s diversified business model along with strong brand recall and change in business mix towards high margin MDF and continuous focus on expanding its portfolio will drive growth going ahead. Consequently, we estimate consolidated revenue\/PAT to grow at a CAGR of 15%\/16% over FY17-20E. The stock currently trades at ~36x\/32x\/28x FY18E\/19E\/20E EPS. We value the stock at 28x FY20E EPS arriving at a target price (TP) of Rs. 369.<br \/>\nFiscal<\/p>\n<p><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2017\/12\/Research-Report-Century-Plyboards-India-Ltd.pdf\">Research Report &#8211; Century Plyboards India Ltd<\/a><\/p>\n<p><i>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Incorporated in 1986, Century Plyboards India Ltd (CPIL) is the largest domestic player in the plywood and decorative veneers space in the organized plywood market, catering to both residential as well as commercial consumers. Outlook and Valuation: CPIL\u2019s diversified business model along with strong brand recall and change in business mix towards high margin MDF [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Century Plyboards India Ltd<\/title>\n<meta name=\"description\" content=\"Find the latest research report on Century Plyboards India Ltd On FundsIndia Marketplace\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/century-plyboards-india-ltd\/12748\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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