Century Plyboards (India) Limited (NSE:CENTURYPLY): The Best Of Both Worlds
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Attractive stocks have exceptional fundamentals. In the case of Century Plyboards (India) Limited (NSE:CENTURYPLY), there's is a well-regarded dividend-paying company that has been able to sustain great financial health over the past. In the following section, I expand a bit more on these key aspects. If you're interested in understanding beyond my broad commentary, read the full report on Century Plyboards (India) here.
Excellent balance sheet average dividend payer
CENTURYPLY is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. This indicates that CENTURYPLY has sufficient cash flows and proper cash management in place, which is a key determinant of the company’s health. CENTURYPLY appears to have made good use of debt, producing operating cash levels of 0.63x total debt in the prior year. This is a strong indication that debt is reasonably met with cash generated.
Income investors would also be happy to know that CENTURYPLY is a great dividend company, with a current yield standing at 0.7%. CENTURYPLY has also been regularly increasing its dividend payments to shareholders over the past decade.
Next Steps:
For Century Plyboards (India), I've compiled three fundamental aspects you should further examine:
Future Outlook: What are well-informed industry analysts predicting for CENTURYPLY’s future growth? Take a look at our free research report of analyst consensus for CENTURYPLY’s outlook.
Historical Performance: What has CENTURYPLY's returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of CENTURYPLY? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
