The company is betting big on housing and infrastructure sectors as they are the prime focus of the new government.
The masses in the country are now moving beyond roti and kapada; they are looking for makan and with interest rates likely to come down, there is big scope for our company
Sajjan Bhajanka
Chairman
Century Plyboards
Century Plyboard has been among the best performing stocks this year rewarding shareholders with an over 200 percent rally in 2014. Sajjan Bhajanka, MD, Century Plyboards spoke to CNBC-TV18 from the sidelines of the Emkay Global Conference.
The company is betting big on housing and infrastructure sectors as they are the prime focus of the new government.
"The masses in the country are now moving beyond roti and kapada; they are looking for makan and with interest rates likely to come down, there is big scope for our company," Bhajanka adds.
He expects the company to grow much more than 25 percent due to added capacity this year.
Below is verbatim transcript of the interview:
Q: What is happening with regards to your expansions and when can we see this coming on stream?
A: We are through with our expansion. We have put two new units last year, one at Kandla and other at Myanmar and we have doubled the capacity of laminate division. It's over and everything is in place. We are looking for a big jump in volume.
Q: What is the big theme for the company in the next one year? What is the conversation in the conference surrounding your company, what are investors most excited about and give us an outlook for the coming two-three years?
A: Housing and infrastructure is our target area and that's the hot subject at the moment. The entire policy thrust of the government is in housing and infrastructure. Therefore, with a growth of these two sectors we shall be having a very active field.
The masses in the country are now moving beyond roti and kapada; they are looking for makan and with interest rates likely to come down, there is big scope for our company.
Q: In the last few years the growth rate has been around 20-25 percent. Going ahead what can it look like?
A: That is the minimum assumption we can have because we have maintained it steadily since last 20 years, the average growth rate has been 25 percent but this year it is likely to be much more because of added capacity.
Q: Could you quantify that?
A: I would hesitate to give an exact figure but it will be much better this year but it will be beyond 25 percent.
CenturyPlyboard stock price
On August 11, 2014, Century Plyboards closed at Rs 82.30, up Rs 2.55, or 3.20 percent. The 52-week high of the share was Rs 96.90 and the 52-week low was Rs 22.05.
The company's trailing 12-month (TTM) EPS was at Rs 4.35 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 18.92. The latest book value of the company is Rs 11.22 per share. At current value, the price-to-book value of the company is 7.34.
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