Century Plyboards Ltd
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BSE Code:
532548
NSE Code:
CENTURYPLY
Business Profile
Business Profile
Century Plyboards India (CENTPLY), makers of the well-known Century brand of plywood and decorative veneers, was set up in 1986 in Kolkata. It got its present name on June
The ISO 9001 and ISO 14001 certified company manufactures the entire range of commercial, marine, concrete, shuttering and decorative plywood and is India`s leading plywood manufacturer. It has a ferro alloys division with a newly set up 13.8 MW captive power plant. The manufacturing unit is located in the 24 Paraganas South district of West Bengal and Shillong in Meghalaya with installed capacities of 2.4 million laminate sheets, 800,000 sq. m. pre-laminated particle boards, 25,400 cubic meters plywood, 50,200 cubic meters veneers, and 10,620 MTPA ferro silicon. Jetty operations are conducted on a licence basis with the Ministry of Commerce, Govt. of India.
Cement Manufacturing Co. (CMCL) and Megha Technical & Engineers (MTEPL) are subsidiaries of the company. CMCL operates a clinker and cement unit at Lumshnong, Mehalaya and MTEPL is engaged in the generation of power at Lumshnong, Meghalaya, hiring of heavy equipment and vehicles used for mining, and has also set up a clinker grinding unit which commenced operations in May, 2007. The combined installed capacity of both the subsidiaries is around 1 million MTPA of cement. In 2006-2007, the company acquired controlling interest in Auro Sundaram fly & Doors, which operates a plywood unit at Raipur Industrial Area, Uttarakhand.
The registered office is located at 6 Lyons Range, Kolkata-700001.
Financials
On a standalone basis, Century Plyboards India registered a 74.69% growth in net profit to Rs 128.54 million for the quarter ended December 2007 from a profit of Rs 73.58 million for the quarter ended December 2006.
Net sales rose 31.25% to Rs 1,425.05 million for the quarter ended December 2007 from Rs 1,085.79 million for the quarter ended December 2006.
Total income rose 36.63% to Rs 1,487.95 million for the quarter ended December 2007 from Rs 1,089.02 million for the quarter ended December 2006.
The earnings per share (EPS) of the company stood at Rs 6.5 for the quarter ended December 2007.
On a consolidated basis, the company registered a profit of Rs 341.82 million for the quarter ended December 2007.
It recorded a net sales of Rs 2,467.75 million for the quarter.
Total income was Rs 2,495.27 million for the quarter ended December 2007.
The earnings per share of the company stood at Rs 13.47 for the quarter ended December 2007.
Recent Developments
07-MAR-08
Century Panels, Sharon veneers and Sharon Wood Industries will amalgamate with the company with effect from Apr. 01, 2007. This was approved by High Court at Calcutta on Mar. 05, 2008 and by the High Court at Delhi on Feb. 27, 2008.
Future Plans
The company has applied to Centrally Empowered Committee (set up by Supreme Court of India) for permission to set up new units in Uttrakhand, Punjab and Meghalaya for manufacturing of plywood, veneer, particle board and allied products.
Cement Manufacturing Co., a subsidiary, is proposing to expand its cement and clinker manufacturing capacity and is also exploring possibilities of greenfield projects in the states of Assam, Bihar and Jharkhand.