{"id":120661,"date":"2019-05-30T17:51:02","date_gmt":"2019-05-30T17:51:02","guid":{"rendered":"https:\/\/www.bnreport.com\/buy-century-plyboards-target-rs-201-idbi-capital\/"},"modified":"2019-05-30T17:51:02","modified_gmt":"2019-05-30T17:51:02","slug":"buy-century-plyboards-target-rs-201-idbi-capital","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/buy-century-plyboards-target-rs-201-idbi-capital\/","title":{"rendered":"Buy Century Plyboards, target Rs 201: IDBI Capital"},"content":{"rendered":"

IDBI Capital<\/a> has given a buy recommendation on Century Plyboards (India) with a target price of Rs 201.<\/p>\n

Shares of Century Plyboards (India) traded at Rs 171.55 around 2:30 pm on 30 May, 2019. The brokerage has set a one-year horizon for the stock to hit the target price.<\/p>\n

Century Plyboards reported disappointing results for Q4FY19 on weaker than expected profitability in Plywood and MDF segments.<\/p>\n

"While Centurys net sales, at Rs 580 crore, was in line with our forecast, Ebitda at Rs 63.7 crore was 26.1 per cent below our forecast as it incurred several exceptional expenses related to donations, sales promotions, etc.," said the brokerage.<\/p>\n

Ebit margin of plywood segment fell 95 bps QoQ to 11.3 per cent. MDF sales fell 13.9 per cent QoQ to Rs 76 crore.<\/p>\n

As per the brokerage, with weakness in end markets<\/a> (real estate), FY20 is likely to be a year of consolidation for Century.<\/p>\n

It will focus on restoring volumes in plywood segment (reported only 6 per cent YoY growth to 2,20,442cbm in FY19). Although Q4FY19 margins were weaker than expected, the brokerage expects profitability to improve from Q1FY20.<\/p>\n

Stricter implementation of e-way bill by the government can be a key catalyst for theRead More \u2013 Source<\/strong><\/a>
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ET Markets<\/a><\/h5>\n

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IDBI Capital has given a buy recommendation on Century Plybo..<\/p>\n","protected":false},"author":1,"featured_media":120662,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-120661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nBuy Century Plyboards, target Rs 201: IDBI Capital - Business News Report<\/title>\n<meta name=\"description\" content=\"IDBI Capital has given a buy recommendation on Century Plybo..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/buy-century-plyboards-target-rs-201-idbi-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buy Century Plyboards, target Rs 201: IDBI Capital - 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