Century Plyboards (India) Limited (CENTURYPLY.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-359.8%

-₹1,687.53

vs ₹649.50 price

Levered DCF

-₹2,013.13

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

4.6

Safe zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	59.35×	83.85×	44.23×	27.54×	50.84×	36.92×	16.36×	32.46×
P/B	5.97×	6.57×	6.53×	5.43×	10.22×	5.58×	2.26×	4.94×
P/S	2.89×	3.45×	3.74×	2.85×	5.29×	3.34×	1.07×	2.13×
EV / EBITDA	27.21×	35.53×	27.11×	17.78×	29.33×	21.17×	9.67×	18.01×
Gross margin	29.9%	46.0%	47.3%	47.2%	50.1%	50.9%	49.6%	49.2%
Operating margin	9.4%	7.9%	11.3%	14.2%	15.4%	12.6%	11.1%	11.2%
Net margin	4.9%	4.1%	8.4%	10.4%	10.4%	9.0%	6.5%	6.6%
Current ratio	1.05×	1.07×	1.18×	1.71×	1.93×	1.91×	1.57×	1.26×
Debt / equity	0.68×	0.67×	0.35×	0.17×	0.15×	0.13×	0.27×	0.55×
Interest coverage	5.24×	5.16×	15.83×	43.38×	51.94×	20×	8.26×	6.75×
Dividend yield	0.1%	0.1%	0.2%	0.3%	0.1%	0.0%	1.8%	0.5%
Payout ratio	8.5%	12.0%	6.8%	8.9%	7.1%	0.0%	29.5%	15.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	10.1%	7.8%	14.8%	19.7%	20.1%	15.1%	13.8%	15.2%
Return on invested capital	8.6%	5.9%	10.7%	16.7%	17.0%	13.7%	13.0%	12.2%
Return on assets	5.1%	4.0%	9.2%	13.9%	14.0%	10.6%	9.1%	8.2%
Free cash flow yield	-0.3%	-4.3%	-4.1%	-0.5%	-0.0%	4.3%	11.3%	2.1%
Earnings yield	1.7%	1.2%	2.3%	3.6%	2.0%	2.7%	6.1%	3.1%
Enterprise value	₹173.3B	₹171B	₹151.7B	₹106.7B	₹161.3B	₹72.1B	₹27.4B	₹53.3B
Net debt / EBITDA	2.72×	3.25×	1.31×	0.52×	0.4×	0.41×	0.97×	1.72×
Cash conversion cycle (days)	108	135	104	88	115	108	118	143