Buy Century Plyboards (India), target price Rs 700: JM Financial

JM Financial has buy call on Century Plyboards (India) with a target price of Rs 700. The current market price of Century Plyboards (India) is Rs 511.45.

Century Plyboards (India) Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 11347.49 Crore) operating in Building Materials sector.

Century Plyboards (India) Ltd. key Products/Revenue Segments include MDF Board, Prelaminated Particle Board, Freight & Other Containers, Veneers, Others, Agricultural Products, Other Operating Revenue, Export Incentives, Scrap for the year ending 31-Mar-2022.



Financials
For the quarter ended 31-12-2022, the company reported a Consolidated Total Income of Rs 889.01 Crore, down -4.30 % from last quarter Total Income of Rs 928.97 Crore and up 3.29 % from last year same quarter Total Income of Rs 860.72 Crore. Company reported net profit after tax of Rs 82.35 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 73.04 per cent stake in the company as of 31-Dec-2022, while FIIs owned 6.14 per cent, DIIs 13.33 per cent.