Plywood Boards/Laminates · CPBI
Plywood Boards/Laminates
from 783 today
We retain a Buy rating with a PT of Rs. 906, on strong multi-year earnings visibility and capacity expansion expected to drive growth.
We upward revise our earnings estimates for FY27/FY28 by 2.3%/3.2% with TP of INR 878, valuing at 35x Mar’28E, and maintain our Accumulate rating driven by capacity expansion and brand strength.
Century Plyboards reported in-line Q1FY27 consolidated revenue growth of 33.5% YoY, driven by strong performance in the plywood and MDF segments. We tweak our estimates and maintain HOLD with a rolled over Jun'27E TP of INR 802.
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