How Century Plyboards Nailed 1466% Returns
If you had ₹1 lakh invested in Century Plyboards in November 2006, you could have had ₹15.66 lakhs today! This multibagger has given its investors returns of 1466%. Let’s take a dive into the company.
🪵 Stock Name: Century Plyboards (India) Ltd.
🪵 NSE: $CENTURYPLY
⭐ About The Company
Century Plyboards came into existence in 1986 thanks to two visionaries, Sajjan Bhajanka and Sanjay Agarwal. From that day on, the company has taken giant strides and today it is the largest seller of multi-use plywood and decorative veneers in the Indian organized plywood market.
🧺 Market Leader
It is the leading manufacturer and supplier of plywood with a 25% market share in the organised plywood market of India. Its distribution network comprises more than 2,100 dealers who service more than 25,000 retail points and are located across 630 cities and towns in the country. Its proprietary infrastructure comprises 30 pan-India marketing offices for the support of trade partners. It has a total of 12 manufacturing facilities located in strategic locations in India & abroad.
The company’s award-winning products have been redefining the Indian realty sector and bringing about a paradigm shift in the concept of living spaces.
💰 Stock Value
On November 30, 2006, the company’s shares were trading at ₹35.30, while they were priced at ₹553 as of November 29, 2022.