COMPANY OVERVIEW CENTURYPLY Products • Plywood – 53% revenue • Laminates – 21% revenue • MDF – 15% revenue • Particleboard and allied products – 4% revenue • Logistic activities – 4% revenue • Veneer – 3% revenue Market Position Most significant player of Plywood in India – 25% market share in the organised plywood market (70% of the total plywood market is unorganised) Manufacturing Capabilities – 12 manufacturing facilities across PAN India & abroad MDF – 1,98,000 CBM p.a. (capacity utilization – 82%) Plywood - 2,39,000 CBM p.a. (Capacity utilization – 79%) Laminates - 7.5 Mn sheets p.a. (capacity utilization – 102%) Particle boards - 54,000 CBM p.a. (capacity utilization – 116%) Logistics – 1,56,000 Container freight station capacity. Distribution Network - The network is serviced by 30 branches situated across India. 2,100+ dealers 25,000 retail points located across 630 cities and towns in the country According to the Q3FY22 conference: The company has announced its long-term plans with a CAPEX of 1,230 Cr (to be spent over the next five years) • MDF: 850 Cr • Plywood: 160 Cr • Laminate: 150 Cr • Particleboard: 70 Cr Overall revenue is expected to reach INR 5,000 Cr by the end of FY26. GREENPLY Product • Plywood • PVC foam boards and sheets (Greenply markets PVC foam boards and sheets under the Green Ndure brand. Since its launch in FY17- 18, the brand has emerged as one of the preferred plastic panel products.) Market Position Greenply has captured a 26% share of the organised plywood market. The company is following an asset-light approach by: Outsourcing 30% Volumes without compromising product quality and prudent capacity debottlenecking. (70% in-house and 30% outsourced by volume) Thereby, the company is generating higher returns on capital employed. Manufacturing Capabilities The Company has three state-of-the-art facilities with a total capacity of 24.9 Mn m2. • 6 Mn m2 in West Bengal • 14.4 Mn m2 in Gujarat • 4.5 Mn m2 in Nagaland) 96,000 CBM (earlier 60,000 CBM) peeling capacity at Gabon, West Africa The manufacturing facility of face veneer through WOS (Wholly-Owned Subsidiary) The manufacturing facility of face veneer through JV in Myanmar Capacity Utilisation The company operates at 148% capacity in 9MFY21 compared to 95% in 9MFY20. Distribution Network - Its 50 branches across India service the network. Distributors – 2200+ Retailers – 6000+ Hyper Debt reduction. High Cap-ex: The Company maintains Ad spending at around 3-4% of Net Sales. The company is setting up a plant in Gujarat with 800 CBM/day capacity. This plant's revenue is expected to be generated INR 600 Cr (i.e., 42.25% of the FY20 revenue). With this we come to an end of this sector, follow us for more interesting posts like this. #CENTURYPLY #GREENPLY #InvestmentIdeas

#CENTURYPLY #GNFC #SOMANYCERA #GMDCLTD Fertilizer Stocks looking good #SPENCERS

Khambatta Securities target on CENTURYPLY Date: 21-Jun-21 Broker: Khambatta Securities Price @ Call: 414 Target: 475 Potential: 14.73% Recommendation: BUY

Century Plyboards posted its Q4FY21 performance on a low base. Revenue is up around 40 percent and margins have expanded to 17 percent. It is in expansion mode. It is looking at a CAPEX of close to Rs 700 cr over the course of the next two years, and this is going to be funded primarily from internal cashflows.  Demand in April and May was quite poor. First days of June have shown some revival. It is hoping that the bounce back will be similar to last year and Q2 will be fully back to normal.  It has passed it on to the raw material inflation to market successfully. Don’t think that is going to have any meaningful impact but operating leverage will have its effect.  From the next quarter (provided volumes are back on track) its margins should be back to earlier levels.  95 percent of its sales go through distribution network - approximately 70 percent in retail and less than 30 percent in projects. #CENTURYPLY #InvestmentIdeas It supplies materials to Ikea, Godrej, and other companies.

Sharekhan target on CENTURYPLY Date: 26-Mar-21 Broker: Sharekhan Price @ Call: 303 Target: 360 Potential: 0.19% Recommendation: BUY

CenturyPly Completed Both Targets 170/180 from 153 and 145 shared on 25th August. #CENTURYPLY #TradeAdda