ICICISecurities Maintains Hold on Century Plyboards with Target of ₹730

Status: Pending

Age: New (14/08/2025)

TRACK

Brokerage

ICICISecurities

Analyst

Brokerage Team

Position

Hold

Start Date

14/08/2025

Horizon

Long Term

Target Price and Expected Returns

Start Price

₹737.35

Target Price

₹730

Expected Returns

-1.02%

Summary

ICICISecurities maintains a hold rating on Century Plyboards with a target price of ₹730, based on the company's Q1FY26 financials and revised growth forecasts.

ICICISecurities's justification for Century Plyboards target price prediction

Q1FY26 revenue growth of 16.3% YoY.
Consolidated OPM declined 10bps YoY to 11%.
EBITDA/APAT growth of 15.3% / 19.6% YoY.
Management has guided for revenue growth of 10%+ / 20% / 20% YoY and OPM of 12-14% / high-single digit / 15% in plywood / laminates / MDF for FY26.
Target price revised to INR 730, set at an unchanged 32x PER.

Maintain HOLD with a rolled-over Jun’26 revised TP of INR 730 (earlier INR 743), set at an unchanged 32x P/E one-year forward.

Sources:

https://www.moneycontrol.com

Tags:

Brokerage Team, Century Plyboards, Hold, ICICI Securities, stock_prediction

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