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Century Plyboards (India) Ltd.

BSE: 532548 Sector: Others
NSE: CENTURYPLY ISIN Code: INE348B01021
BSE 00:00 | 20 Mar 200.00 -3.90
(-1.91%)
OPEN

208.80

HIGH

208.80

LOW

199.10

NSE 00:00 | 20 Mar 200.65 -3.25
(-1.59%)
OPEN

204.10

HIGH

204.10

LOW

198.70

OPEN 208.80
PREVIOUS CLOSE 203.90
VOLUME 8213
52-Week high 364.10
52-Week low 150.10
P/E 27.70
Mkt Cap.(Rs cr) 4,444
Buy Price 200.00
Buy Qty 100.00
Sell Price 200.00
Sell Qty 100.00
OPEN 208.80
CLOSE 203.90
VOLUME 8213
52-Week high 364.10
52-Week low 150.10
P/E 27.70
Mkt Cap.(Rs cr) 4,444
Buy Price 200.00
Buy Qty 100.00
Sell Price 200.00
Sell Qty 100.00

Century Plyboards (India) Ltd. (CENTURYPLY) - Company History

Century Plyboards (India) Ltd (CPIL) is primarily engaged in manufacturing and sale of Plywood Laminates Decorative Veneers Medium Density Fibre boards Pre-laminated boards Particle Board and Flush Doors and providing Container Freight Station services. The company has its manufacturing facilities near Kolkata Karnal Guwahati Hoshiarpur Kandla and Chennai. The company's Container Freight station is located near Kolkata port. Century Plyboards (India) Ltd was incorporated in the year 1982. In the year 1997 the company was the first to introduce the borer proof plywood in India. Over the years they introduced the boiling water resistant decorative veneer seven-year powder proof guaranteed PF plywood the revolutionary non-leachable Firesafe plywood. In the year 2002 they introduced Flexoply the only flexible plywood variety. Also they introduced Architect Ply and the Fantasy range of decorative veneer in India.In the year 2004 the company's laminate plant started operation. In March 2005 they inaugurated the Pre-Lam particleboard plant. They also started manufacturing Hi-Pressure Laminates Pre-Laminated Particle Board and MDF and with this the company completed the full range of manufacturing of plywood and veneer related items.During the year 2005-06 as per the scheme of arrangement Shyam Century Ferrous Ltd amalgamated with the company with effect from April 1 2005. By virtue of amalgamation of SCFL with the company Cement Manufacturing Company Ltd became a subsidiary of the company with effect from October 1 2005. Megha Technical Engineers Pvt Ltd became a subsidiary company with effect from March 23 2006. During the year 2006-07 the company acquired the controlling interest in Auro Sundaram Ply & Doors Pvt Ltd which is operating a plywood unit at Raipur Industrial Area Uttarakhand. In November 27 2006 the company acquired 51% shareholding in the equity of Century Star Shipping Ltd and thus Century Star Shipping Ltd became the subsidiary of the company.During the year 2007-08 Century Panels Pvt Ltd Sharon Veneers Pvt Ltd and Sharon Wood Industries Pvt Ltd were amalgamated with the company with the appointed date April 1 2007. Also Cement Manufacturing Co Ltd acquired 100% controlling interest in Star Cement Meghalaya Ltd and hence SCML became a subsidiary of the company with effect from June 2 2007.During the year 2008-09 the company acquired 100% controlling interest in Cent Ply Pvt. Ltd (CPPL) and thus CPPL became a wholly-owned subsidiary of the company with effect from October 1 2008. The company together with their subsidiary CMCL acquired controlling interest in Meghalaya Power Ltd (MPL) and thus MPL became a subsidiary of the company with effect from July 14 2008.During the year 2009-10 the company's wholly owned subsidiary Cent Ply Pvt Ltd was amalgamated with the company with effect from appointed date April 1 2009. The company acquired controlling interest in Aegis Business Ltd (ABL) and thus ABL became a subsidiary of the company with effect from July 6 2009. Also ABL acquired controlling interest in Aegis Overseas Ltd (AOL) and thus AOL became an ultimate subsidiary of the company with effect from July 15 2009. During the financial year ended 31 March 2014 Century Plyboards (India) acquired 50% stake in Century Infotech Ltd. thereby making it its Associate Company. Century Infotech Ltd. is engaged in business of e-commerce e-shopping online information services online application integration including buying selling marketing trading and dealing in various kinds of products and services on internet.Century Plyboards (India)'s subsidiary Centuryply Myanmar Pvt Ltd (CMPL) has set up a veneer and plywood unit near Yangon city in Myanmar which became operational in 2013-14.During the financial year ended 31 March 2015 Century Plyboards (India) disinvested its entire shareholding in Aegis Business Ltd (ABL). Both ABL and its subsidiary Aegis Overseas Limited ceased to be subsidiaries of Century Plyboards (India) with effect from 23rd August 2014. Consequently Aegis Siam Ltd and Aegis Siam Resources Company Ltd also ceased to be the company's associates.Ara Suppliers Pvt Ltd Arham Sales Pvt Ltd Adonis Vyaper Pvt Ltd and Apnapan Viniyog Pvt Ltd became subsidiaries of Century Plyboards (India) with effect from 28 July 2014 as a result of further investments by the company Century Plyboards (India) incorporated a wholly-owned subsidiary company in the name of Century Ply (Singapore) Pte Ltd (CPSPL) in Singapore on 2nd December 2014.Century Plyboards (India)'s Board of Directors at its meeting held on 21st January 2015 approved a proposal for setting up a Particle Board unit at Chennai with an approximate CAPEX of Rs. 60 crore.In view of the improving market scenario and growing demand for Medium Density Fibre (MDF) boards the Board of Directors of Century Plyboards (India) at its meeting held on 21 July 2015 approved a proposal for setting-up a greenfield unit for manufacturing Medium Density Fibre (MDF) Board Plyboard and Block-board in Punjab with an approximate CAPEX of Rs 405 crore in the first phase. The company has already acquired and taken possession of the land at Hoshiarpur in Punjab for this purpose.During the year ended 31 March 2016 Century Plyboards (India)'s shareholding in Century Ply (Singapore) Pte. Ltd. reduced from 100% to 51% consequent upon allotment of shares by the latter to other individuals.Century Infotech Ltd. became subsidiary of Century Plyboards (India) with effect from 19 May 2015 consequent upon further investments by the company. Century Plyboards (India) acquired 51% stake on 19 January 2016 in Innovation Pacific Singapore Pte. Ltd. (IPSPL) a company incorporated in Singapore by way of subscription to its share capital. During the year ended 31 March 2017 Century Plyboards (India) forayed into new categories by launching unique range of products in the industry branded as 'Zykron' and 'Starke'. Zykron is a Fibre cement composite board wherein cellulose fibre is reinforced with cement while Starke PVC board is made out of PVC and Calcium carbonate along with other performance enhancing additives. Both of them are promising and quality products belonging to evolving category of alternate material to pure wood based product. Both of them are aimed at reducing the usage of wood-based raw-materials without compromising on quality strength and durability.Century Plyboards (India)'s Particle Board unit at Chennai successfully commenced commercial production in July 2016. The company incurred a capex of Rs 60 crore for the plant.Vietnam Innovation Pacific JSC was incorporated on 19 May 2016 as a subsidiary of Innovation Pacific Singapore Pte. Ltd. (IPSPL) thereby becoming a step-down subsidiary of Century Plyboards (India). However with the disinvestment of its entire shareholding in the subsidiary IPSPL both IPSPL and step-down subsidiary Vietnam Innovation Pacific JSC ceased to be subsidiaries of Century Plyboards (India) with effect from 24 August 2016.During the year under ended 31 March 2018 Century Plyboards (India) implemented its plans for expansion of its laminates capacity by around 57% and almost 50% of the targeted enhancement became operational during the year. During the year your company implemented CRM and also launched sales force management app.Century Plyboards (India)'s Medium Density Fibre (MDF) Board unit at Hoshiarpur in Punjab successfully commenced commercial production in October 2017. The Company incurred a capex of Rs. 335 crore for the plant which has an installed capacity of 198000 cbm per year with easy access to timber in the nearby vicinity. In the very first year of its operation the unit managed to attain a capacity utilisation of more than 50%.Growth of Century Plyboards (India)'s plywood business during the first three quarters of the year remained muted owing to the impact of the GST implementation. However with the revised rates for plywood becoming applicable from November 2017 the company witnessed traction in terms of offtake and was proactive enough to pass on the impact of the GST to its customers.Century Ply (Singapore) Pte. Ltd. (CPSPL) a subsidiary of Century Plyboards (India) acquired 51% stake in Century Fluesoulin Plywood Lao Co. Ltd. (formerly Fluesoulin Wood Processing Factory Co. Ltd.) a company situated in Laos thereby making it a subsidiary of the company with effect from 28th August 2017. This was done as a part of the company's backward integration strategy for ensuring consistent supply of raw materials.Century Ply (Singapore) Pte. Ltd. has written-off its entire investments in its subsidiary P T Century Ply Indonesia. Consequently P T Century Ply Indonesia ceased to be a step-down subsidiary of Century Plyboards (India) Ltd. (CPIL) with effect from 5th April 2018. P T Century Ply Indonesia was incorporated with the object of exploring the possibilities of trading in timber manufacturing and trading in plywood etc. in Indonesia. However after a detailed analysis of the current industrial and marketing scenario in Indonesia the proposition has not worked out to be presently viable.