COMPANY OVERVIEW
CENTURYPLY
Products
ā¢ Plywood ā 53% revenue
ā¢ Laminates ā 21% revenue
ā¢ MDF ā 15% revenue
ā¢ Particleboard and allied products ā 4% revenue
ā¢ Logistic activities ā 4% revenue
ā¢ Veneer ā 3% revenue
Market Position
Most significant player of Plywood in India ā 25% market share in the organised plywood market
(70% of the total plywood market is unorganised)
Manufacturing Capabilities ā 12 manufacturing facilities across PAN India & abroad
MDF ā 1,98,000 CBM p.a. (capacity utilization ā 82%)
Plywood - 2,39,000 CBM p.a. (Capacity utilization ā 79%)
Laminates - 7.5 Mn sheets p.a. (capacity utilization ā 102%)
Particle boards - 54,000 CBM p.a. (capacity utilization ā 116%)
Logistics ā 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)
ā¢ MDF: 850 Cr
ā¢ Plywood: 160 Cr
ā¢ Laminate: 150 Cr
ā¢ Particleboard: 70 Cr
Overall revenue is expected to reach INR 5,000 Cr by the end of FY26.
GREENPLY
Product
ā¢ Plywood
ā¢ 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.
ā¢ 6 Mn m2 in West Bengal
ā¢ 14.4 Mn m2 in Gujarat
ā¢ 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 ā 2200+
Retailers ā 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
Stocks in News
ISGEC Heavy Engineering: The company received an order for the fabrication of above ground piping spools from Tata Projects, India for one of the projects of national importance.
Nureca: The company reported consolidated profit at Rs 3.89 crore in Q4FY21 against Rs 2.38 crore in Q4FY20, revenue fell to Rs 31.84 crore from Rs 32.96 crore YoY.
Wipro: The company signed partnership with Exaware, to develop advanced engineering solutions that foster innovation in the networking industry, streamline 5G technology upgrades, and open the door to future 6G compatibility.
LG Balakrishnan & Bros: HDFC Asset Management Company acquired 2 percent stake in the company via open market transaction on June 14, increasing shareholding to 7.29% from 5.29% earlier.
Greenply Industries: Mirae Asset Investment Managers (India) acquired 0.576% equity stake in the company via open market transaction on June 14, raising shareholding to 5.45% from 4.87% earlier.
CESC: The company reported consolidated profit at Rs 429 crore in Q4FY21 against Rs 378 crore in Q4FY20, revenue jumped to Rs 2,890 crore from Rs 2,621 crore YoY. The company approved a proposal for sub-division of existing 1 equity share of nominal value of Rs 10 each to be sub-divided into 10 equity shares of nominal value of Re 1 each.
#CESC #ISEC #GREENPLY #WIPRO #NURECA
**Result Highlights**
Coal India Ltd.: Net Revenue at Rs. 26700.1 crore, Rs. 27568.2 crore YoY, Rs. 23686.0 crore QoQ (-3.1% YoY, +12.7% QoQ). EBITDA at Rs. 6382.1 crore, Rs. 6389.3 crore YoY, Rs. 5164.8 crore QoQ (-0.1% YoY, +23.6% QoQ). EBITDA Margin at 23.9%, +73 bps YoY and +210 bps QoQ. Net Profit at Rs. 4589.0 crore, Rs. 4625.8 crore YoY, Rs. 3084.1 crore QoQ (-0.8% YoY, +48.8% QoQ).
Indian Overseas Bank: NII at Rs. 1405.2 crore, Rs. 1531.8 crore YoY, Rs. 1521.7 crore QoQ (-8.3% YoY, -7.7% QoQ). Net Profit at Rs. 349.8 crore, Rs. 90.5 crore YoY, Rs. 212.9 crore QoQ (+286.6% YoY, +64.3% QoQ). GNPA at 11.69%, Vs 14.78% YoY and 12.19% QoQ. NNPA at 3.58%, Vs 5.44% YoY and 3.13% QoQ.
Kajaria Ceramics Ltd.: Net Revenue at Rs. 952.5 crore, Rs. 652.0 crore YoY, Rs. 838.3 crore QoQ (+46.1% YoY, +13.6% QoQ). EBITDA at Rs. 190.9 crore, Rs. 93.4 crore YoY, Rs. 181.8 crore QoQ (+104.5% YoY, +5% QoQ). EBITDA Margin at 20%, +573 bps YoY and +-164 bps QoQ. Net Profit at Rs. 131.4 crore, Rs. 48.8 crore YoY, Rs. 121.0 crore QoQ (+169.1% YoY, +8.6% QoQ).
JB Chemicals & Pharmaceuticals Ltd.: Net Revenue at Rs. 528.5 crore, Rs. 443.6 crore YoY, Rs. 548.2 crore QoQ (+19.1% YoY, -3.6% QoQ). EBITDA at Rs. 123.9 crore, Rs. 91.7 crore YoY, Rs. 171.0 crore QoQ (+35.1% YoY, -27.5% QoQ). EBITDA Margin at 23.4%, +276 bps YoY and +-775 bps QoQ. Net Profit at Rs. 100.8 crore, Rs. 50.1 crore YoY, Rs. 154.3 crore QoQ (+101.3% YoY, -34.7% QoQ).
IDFC Ltd.: Net Revenue at Rs. 127.8 crore, Rs. 47.1 crore YoY, Rs. 103.8 crore QoQ (+171.5% YoY, +23.1% QoQ). EBITDA at Rs. 65.3 crore, Rs. -23.5 crore YoY, Rs. 52.8 crore QoQ. EBITDA Margin at 51.1%, +10094 bps YoY and +21 bps QoQ. Net Profit at Rs. 42.0 crore, Rs. -242.4 crore YoY, Rs. -205.6 crore QoQ. Ashika
Responsive Industries Ltd.: Net Revenue at Rs. 207.3 crore, Rs. 111.1 crore YoY, Rs. 202.9 crore QoQ (+86.6% YoY, +2.2% QoQ). EBITDA at Rs. 30.7 crore, Rs. 10.3 crore YoY, Rs. 46.3 crore QoQ (+199.5% YoY, -33.6% QoQ). EBITDA Margin at 14.8%, +559 bps YoY and +-799 bps QoQ. Net Profit at Rs. 11.8 crore, Rs. -4.2 crore YoY, Rs. -10.4 crore QoQ.
Greenply Industries Ltd.: Net Revenue at Rs. 396.7 crore, Rs. 344.7 crore YoY, Rs. 340.4 crore QoQ (+15.1% YoY, +16.5% QoQ). EBITDA at Rs. 45.5 crore, Rs. 29.9 crore YoY, Rs. 41.7 crore QoQ (+52.3% YoY, +9% QoQ). EBITDA Margin at 11.5%, +280 bps YoY and +-79 bps QoQ. Net Profit at Rs. 28.6 crore, Rs. -21.5 crore YoY, Rs. 25.0 crore QoQ (+14.6% QoQ).
#COALINDIA #GREENPLY #IDFC #JBCHEPHARM #IOB
