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Last Updated : Aug 19, 2019 04:03 PM IST | Source:

Buy Century Plyboards (India); target of Rs 190: Sharekhan

Sharekhan is bullish on Century Plyboards (India) has recommended buy rating on the stock with a target price of Rs 190 in its research report dated August 16, 2019.

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Sharekhan's research report on Century Plyboards (India)

In Q1FY2020, Century reported strong sequential improvement in OPM across verticals, leading to 49% q-o-q growth in standalone net earnings. Management is confident of achieving 10% revenue growth with 15% EBITDA margin and 11% PBT margin for FY2020. Management plans to expand MDF and particle board capacities by 500 cubic metre/day each, with improving business dynamics.


We upgrade Century Plyboards (Century) to Buy with unchanged PT of Rs. 190, owing to attractive valuation and healthy net earnings growth during FY2019-FY2021E.

For all recommendations report, click here

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First Published on Aug 19, 2019 04:03 pm
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