SAJJAN BHAJANKA HAS the sniffles. Temperature variations from a whirlwind multi-city tour following the launch of their expanded Hoshiarpur factory in early February has given the 71-year-old Chairman of wood panel company Century Plyboards, a cold, a minor inconvenience considering he is racing towards a ₹5,000 crore-revenue target by FY26.
That means nearly doubling the ₹3,000 crore-plus top line Century generated in FY22—that took it nearly 36 years to achieve—within four years. This also translates into a CAGR of 14-15 per cent, that too, without taking any debt and relying entirely on internal cash flows from making and selling doors, plywood, laminates, veneers, MDF (medium-density fibreboard) and particle boards under multiple sub-brands. Not an impossible feat for the debt-free company given its strong balance sheet and diversified portfolio, say analysts tracking the firm.
“All our companies—Century Plyboards, Star Cement, Shyam Century Ferrous—are debt-free. We are a little conservative, because we seldom went out from our prime area of wooden panels and laminates,” says Bhajanka, seated across a busy wooden desk in his swanky seventh-floor office in Kolkata’s Taratala. Framed by sundry books, figurines and photos, he says in measured tones, “All our promoters are very simple. Their personal requirements are very less.” The promoters own 73 per cent of the company—almost the maximum permissible limit.
Denne historien er fra May 14, 2023-utgaven av Business Today India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra May 14, 2023-utgaven av Business Today India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
"Focus on the challenge of each customer"
SHASHANK KUMAR MD & CO-FOUNDER I RAZORPAY Razorpay is India's first full-stack financial solutions company
PEDAL ON THE FUTURE
THE MG WINDSOR EV, WITH ITS FUTURISTIC AND MINIMALIST DESIGN, COMBINES THE BEST OF BOTH WORLDS-COMFORT AND TECHNOLOGY
BREATHE EASY
Whether you're battling allergies, looking to remove pollutants, or simply want to breathe easier, the right air purifier can make a difference
The Taste of India in a Glass
FROM ROYAL LIQUEURS TO DISTILLED MAHUA, INDIAN HERITAGE ALCOHOLIC BEVERAGES ARE HAVING THEIR DAY IN THE SUN
LOOK BEFORE YOU LEAP
IN 2025, INVESTORS WILL NEED TO FACTOR IN VOLATILITY ACROSS ASSET CLASSES
MISSING ADVISORS
INDIA HAS JUST ONE INVESTMENT ADVISOR FOR NEARLY EVERY 200,000 INVESTORS. AT A TIME WHEN RETAIL PARTICIPATION IN THE STOCK MARKETS IS BOOMING, THIS ASSUMES SIGNIFICANCE
TURNING A CORNER
SHARED ELECTRIC MOBILITY START-UP YULU'S SHIFT TO SERVICING THE QUICK COMMERCE SECTOR IS HELPING IT GROW FAST. IT IS NOW FOCUSSING ON IMPROVING ROAD SAFETY FEATURES AS IT TURNS EBITDA POSITIVE
REALITY CHECK
INDIAN STOCK MARKETS PLUNGED BEGINNING OCTOBER FOR A HOST OF REASONS, INCLUDING A FALL IN FII OWNERSHIP. HOW DEEP WILL THE CORRECTION BE?
TRUMP'S TRADE TANGO
The return of Donald Trump as the 47th President of the US has put the global economy on edge. India, too, is unlikely to remain unaffected. How will policymakers meet this latest challenge?
"The essence of the Trump administration will be transactional”
Global investor, analyst, and best-selling author Ruchir Sharma decodes why Donald Trump won the elections, what India should do, the risks, and more