Many tunnels, no water
Construction of tunnels to connect what will be the world’s tallest railway bridge in Jammu and Kashmir’s ...
Equirus Research
Century
Plyboards (Buy)
CMP: ₹253
Target: ₹333
Key takeaways: a) Century Plyboards posted revenue/EBITDA/PAT growth of 11 per cent/13 per cent/13 per cent for FY17 led by higher contribution from commercial veneer and laminate divisions, even as the plywood division posted flat growth due to demonetisation and subdued real estate activity during FY17.
b) Plywood sale volumes/ revenues have grown at a 7 per cent/10 per cent CAGR over FY13-17 while laminate sale volumes/revenues at a 16 per cent/18 per cent CAGR over the same period.
c) Average capacity utilisation for the plywood division in FY17 stood at 84 per cent vs 94 per cent in FY16 due to capacity expansion at the company’s Guwahati unit. Average capacity utilisation for the laminates division improved from 89 per cent in FY16 to 103 per cent in FY17.
d) GST implementation is expected to reduce the pricing differential between branded and unbranded plywood products by 10-20 per cent.
We expect CPBI to post revenue/EBITDA CAGR of 21 per cent/21 per cent over FY17-20E with revenue
ramp-up coming from the new MDF and laminate capacities.
Construction of tunnels to connect what will be the world’s tallest railway bridge in Jammu and Kashmir’s ...
How quilting discarded clothes is being used to empower women
Manipur’s rich plant wealth is a gift to mankind that needs to be nurtured with care, says biotech ...
Sometime last year when TVS sent out the four-valve 160 for a ride, it was immediately impressive. From the ...
Tightening of presumptive taxation norms under Sec 44 AD, 44 ADA may be on the cards
Regular investments, emergency reserves, adequate insurance and plugging gaps can do the trick
India will soon join the rest of the world in the shift towards passive investing, says Margaret Franklin
The fund has managed to ride out volatility in the past two years through deft asset allocation
Chemistry and music sparred for supremacy in S Sowmya’s life, before the PhD scholar finally threw in her lot ...
The Scottish author says the iconic Indian writer was the inspiration for his bestselling series The No. 1 ...
On December 14, 2006, journalist Muntadhar al-Zaidi threw his shoe at US President George W Bush in Iraq. A ...
ASMR videos help people wind down — or rev up
Reflections on ten big consumer trends that dominated the past decade
There is a shift in the way Marriott is looking at delivering luxurious experiences to its guests
Kerala wants to be India’s creative hub where designers ideate, imagine and innovate for tomorrow
How Fujifilm has used its imaging strength to re-invent itself
With land and State resources in short supply, only higher education can challenge social hierarchies, says ...
Fee hike can hit students of low-income groups
The fees for the flagship Post Graduate Programme (PGP) in Management at the Indian Institute of ...
Farmers, reeling under crop losses, feel the Centre’s crop insurance scheme is merely helping insurance firms ...
Please Email the Editor