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 525.8. Time period given by analyst is one year when Century Plyboards (India) Ltd. price can reach defined target.

Century Plyboards (India) Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 11596.32 Crore) operating in Building Materials sector.

Century Plyboards (India) Ltd. key Products/Revenue Segments include MDF Board, Freight & Other Containers, Prelaminated Particle Board, Veneers, Others, Agricultural Products, Export Incentives, Other Operating Revenue, Scrap for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 906.43 Crore, up 5.31 % from last quarter Total Income of Rs 860.72 Crore and up 20.02 % from last year same quarter Total Income of Rs 755.22 Crore. Company reported net profit after tax of Rs 88.76 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 73.04 per cent stake in the company as of 30-Jun-2022, while FIIs owned 7.01 per cent, DIIs 11.96 per cent.