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CENTURYPLY Price Target Potential

BrokerageTargetPotential
Khambatta Securities71411.87%
Edelweiss72813.56%
ICICIdirect.com6401.68%

CENTURYPLY Ratings

Long term CENTURYPLY rating by FrontPage users
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CENTURYPLY share price target reports by brokerages below. See what is analyst's view on CENTURYPLY share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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CENTURYPLY Share Price Target

CENTURYPLY Share Price Target - Broker Reports - 2021

Price @ Call: 659.3
9-Nov-21
Target: 714
HOLD
Price @ Call: 608
3-Nov-21
Target: 728
BUY
Price @ Call: 644
6-Nov-21
Target: 640
HOLD
Price @ Call: 415
11-Aug-21
Target: 505
BUY
Price @ Call: 414
21-Jun-21
Target: 475
BUY
Price @ Call: 303
26-Mar-21
Target: 360
BUY

CENTURYPLY Share Price Target - Broker Reports - 2020

Price @ Call: 184.61
12-Nov-20
Target: 217
BUY
Price @ Call: 170.64
9-Oct-20
Target: 206
BUY
Price @ Call: 167.68
28-Sep-20
Target: 177
ADD
Price @ Call: 118.51
30-Jun-20
Target: 142
BUY
Centuryply’s FY20 performance was mixed that consisted of slowdown in plywood business and growth in MDF business. In FY20, company reported EBITDA margin improvement in the laminate and MDF segment. However, FY21 will be challenging year for the company as revenue has been lost for a significant part of 1QFY21 and demand will take some more time to return to normalcy. We assume 10% revenue decline for the company in FY21 and strong growth on a low base in FY22. We have revised our earnings lower to factor in Covid-19 impact. We retain BUY on the stock with revised target price of Rs142 (earlier Rs184), valuing the stock at a PE of 16x on FY22E earnings.
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Price @ Call: 170.35
6-Feb-20
Target: 184
ADD
Plywood segment growth continues to remain weak impacted by slowdown in economy, weakness in real estate sector and shift towards other segment. Going ahead, growth for the company is expected to remain low in the plywood segment and relatively better in other segments. EBITDA margin is expected to improve on account of expected higher contribution from better margin segment and cost control measures. Company’s capex over the next 15-18 months is expected to remain on higher side on account of capacity expansion. We have marginally revised our FY20 and FY21 estimates lower and we also introduce FY22 estimates. We revise our target price to Rs184 (earlier Rs176) and we value the stock at a PE of 18x (unchanged) on FY22E EPS (earlier valued at FY21E earnings).
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CENTURYPLY Share Price Target - Broker Reports - 2019

Price @ Call: 166.25
13-Nov-19
Target: 176
ADD
Price @ Call: 167.62
11-Nov-19
Target: 213
BUY
Valuation – Maintain Buy with an unchanged PT of Rs. 213: The stock of Century Plyboards (Century) has risen by ~25% since we upgraded the stock to Buy with our report dated August 16, 2019 on account of healthy net earnings growth trajectory given weak demand. We have revised our net earnings estimates for FY2020-FY2021 factoring in an improvement in operating margins while marginally lowering revenue growth estimates.We expect profitability of its key verticals viz. Plywood, laminate and MDFto sustain during FY2020-FY2021 given lower raw material costs. We expect its net earnings to report a CAGR of 25% over FY2019-FY2021E, while the stock is currently trading at a P/E of 14.4x its FY2021E earnings, which is below its historical average of 21x. Hence, we maintain Buy with an unchanged PT of Rs. 213.
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Price @ Call: 159.07
3-Oct-19
Target: 172
ADD
Price @ Call: 162.05
30-Sep-19
Target: 211
BUY
Key takeaways: 1) Core business – plywood (57% of revenue) – continues to face challenges due to sluggish demand and pressure from unorganised players; management is, however, confident its initiatives would drive 12–15% revenue growth FY21 onwards. 2) In laminates and MDF, management is confident of sustaining 15–20% growth along with margin expansion (due to softening raw material prices). While CPBI is India’s largest integratedwood panels player, slowing plywood demand implies earnings risk. TheThat said, the stock’s attractive valuation (13x FY21E EPS versus industry average of 19x) is the key rationale for maintaining ‘BUY’ (TP: INR211).
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Price @ Call: 132.28
14-Aug-19
Target: 214
BUY
Though we recognise challenging conditions are weighing on the home decor industry, we maintain ‘BUY’ on CPBI given the large unorganised market in plywood and potential strong growth in the MDF segment. We estimate CPBI would clock robust EPS CAGR of 35% over FY19–21E and 22% RoCE by FY21E. Maintain ‘BUY’’ with a TP ofINR214 based on 20x September 2021E EPS. The stock is trading at an attractive 14.3x FY20E and 10.8x FY21E EPS.
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Price @ Call: 133.3
19-Aug-19
Target: 190
BUY
Upgrade to Buy with an unchanged PT of Rs. 190:
The stock of Century Plyboards (Century) has corrected by almost 40% since April 2019, led by weakening macro environment and consumer sentiments.However, the company has shown healthy improvement in profitabilityin Q1FY2020 across all products and is expected to sustain it during thecurrent fiscal. We expect its net earnings to report a CAGR of 13% overFY2019-FY2021E, while the stock is currently trading at a P/E of 14.1xits FY2021E earnings, which is significantly below its historical averageof 22x. Hence, we upgrade the stock to Buy with an unchanged PT of Rs. 190.
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Price @ Call: 133.3
19-Aug-19
Target: 150
HOLD
CPIL reported a strong operating performance in Q1FY20 especially on the MDF operating margins front. However, we would like to see consistency in its margin amid supply glut in the MDF market. Overall, we expect revenues, PAT to grow at a CAGR of 10.0%, 13.3% to Rs 2,737.1 crore, Rs 203.9 crore, respectively, in FY19-21E. We maintain our HOLD recommendation on the stock with a revised target price of Rs 150/share (16x FY21E EPS).
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Price @ Call: 134.73
16-Aug-19
Target: 170
ADD
Company expects to maintain EBITDA margin at ~15%. Company is also contemplating setting up of new plant for MDF and Particle Board with an investment of Rs4-4.5bn. While growth in plywood business is expected to stay in single digit, we expect relatively higher growth in MDF segment. We revise our estimates to factor in slower demand for plywood segment, improved EBITDA margin across various business segmentsand company’s revised capex plans. We revise our target price lower due to cutin estimates and lowering our assigned PE multiple. We retain BUY with revised price target of Rs170 (earlier Rs210).
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Price @ Call: 173.19
3-Jun-19
Target: 190
HOLD
Maintain Hold with revised PT of Rs. 190:
We have lowered our FY2020 estimates factoring the pressure on operating margins in the laminates and plywood divisions. We also introduce FY2021 earnings estimate in this note. We expect the company to face operating margin pressure in the near term considering excess MDF capacities, declining plywood volumesand volatile crude oil prices that increases input costs. Further, capacity expansion is still a year away. Hence we maintain our Hold rating on the stock with a revised price target (PT) of Rs. 190, rolling forward our valuation multiple to FY2021.
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Price @ Call: 172.71
30-May-19
Target: 210
BUY
At Rs 173, stock is currently trading at 19.6x/17x P/E and 11.4x/10.0x EV/EBITDA on FY20/21 estimates. We revise our estimates downward to factor in lower margins and roll over our price target on FY21 estimates. We arrive at a revised price target of Rs 210 based on 21x FY21 estimated earnings (Rs 232 earlier). We maintain BUY on the stock.
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Price @ Call: 162.2
7-Feb-19
Target: 232
BUY

CENTURYPLY Share Price Target - Broker Reports - 2018

Price @ Call: 167.35
26-Nov-18
Target: 225
BUY
Price @ Call: 179
12-Nov-18
Target: 195
HOLD
Price @ Call: 179.27
10-Nov-18
Target: 287
BUY
Price @ Call: 175.55
9-Nov-18
Target: 232
BUY
Price @ Call: 251.15
31-Jul-18
Target: 301
BUY
Price @ Call: 251.05
26-Jul-18
Target: 320
BUY
Price @ Call: 251.05
26-Jul-18
Target: 260
HOLD
Price @ Call: 251.05
26-Jul-18
Target: 323
BUY
Price @ Call: 251.05
26-Jul-18
Target: 315
BUY
Price @ Call: 252.83
2-Jul-18
Target: 305
BUY
Price @ Call: 261
21-May-18
Target: 341
BUY
Price @ Call: 262.44
18-May-18
Target: 323
BUY
Price @ Call: 299
7-Feb-18
Target: 350
BUY
Price @ Call: 299
7-Feb-18
Target: 442
BUY
Price @ Call: 345
9-Jan-18
Target: 398
BUY

CENTURYPLY Share Price Target - Broker Reports - 2017

Price @ Call: 310.6
30-Nov-17
Target: 400
BUY
Price @ Call: 311.74
27-Nov-17
Target: 390
BUY
Price @ Call: 283.6
2-Nov-17
Target: 295
ACCUMULATE
Price @ Call: 279
30-Oct-17
Target: 358
ACCUMULATE
Price @ Call: 264.05
12-Oct-17
Target: 325
BUY
Price @ Call: 240.15
26-Sep-17
Target: 330
BUY
Price @ Call: 272
4-Aug-17
Target: 310
BUY
Price @ Call: 295.35
9-Jun-17
Target: 323
BUY
Price @ Call: 265.05
1-Jun-17
Target: 318
BUY
Price @ Call: 249
25-May-17
Target: 325
BUY

CENTURYPLY Share Price Target - Broker Reports - 2016

Price @ Call: 230
4-Nov-16
Target: 263
BUY
Price @ Call: 230
7-Nov-16
Target: 255
BUY
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