Will Wood Product Maker firm (Century Ply) will Fly in Blue Sky?

Dec 12, 2023

Hello Guy's, i hope you all be doing good.
I have brought another stock, which has given Rectangle Pattern breakout with good volume, and now we can see bullish momentum in it.
Stock has given a breakout after almost 2 years, and Stock is above Short, Medium and Long term Moving Averages. Means Strong Bullish Momentum we can see in coming few months. Kotak Mahindra Group is holding 4.82% stake in it. This is industry leader Stock. Promoters holding remains unchanged at 73.04% in Sep 2023 qtr.
Technical indicators (MACD) suggesting a bullish crossover. So overall it is in strong bullish momentum.

About Company:-
Century Plyboards India Ltd was incorporated in January 1982 by Mr. Sajjan Bhajanka and Mr. Sanjay Agarwal. The company has a diversified portfolio & manufactures plywood, veneer, laminates, medium density fibre (MDF), particle board and allied products.

Largest player of Plywood in India:-
The company is a leading manufacturer and supplier of plywood with 25% market share in the organised plywood market of India.

Market Cap
₹ 16,377 Cr.
Current Price
₹ 737
High / Low
₹ 750 / 436
Stock P/E
43.0
Book Value
₹ 93.3
Dividend Yield
0.14 %
ROCE
27.0 %
ROE
22.8 %
Face Value
₹ 1.00
Industry PE
30.4
Debt
₹ 483 Cr.
EPS
₹ 17.1
Promoter holding
73.0 %
Intrinsic Value
₹ 287
Pledged percentage
0.01 %
EVEBITDA
27.2
Change in Prom Hold
0.00 %
Profit Var 5Yrs
19.3 %
Sales growth 5Years
12.5 %
Return over 5years
32.0 %
Debt to equity
0.23
Net profit
₹ 381 Cr.
ROE 5Yr
18.8 %

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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