Best Plywood Company in India.

Plywood Industries Overview:

Plywood is manufactured by assembling thin layers of wood covering bonded together using powerful adhesives. Plywood is categorized under Softwoods, hardwoods, or a combination of the two is used, such as several varieties of oak, pine, cedar, spruce, etc., In the production of plywood for various applications.

Softwood plywood sheets are designed for installation on the exterior of a structure. Hardwood plywood is used in the production of furniture and other interior applications. In India, plywood is popular for its use in furniture manufacturing, accounting for two-thirds of the wood consumption.

The entre of organized players and the introduction of new and latest designs have also helped in creating strong demand among consumers in the country. Besides increase in consumption in Tier II and III markets have also
impacted the growth of the furniture market positively

IMARC Group report finds that the Indian plywood market is valued at US$ 4.5 billion in 2019. The Indian plywood market reached a value of INR 222.5 Billion in 2020, and the market is expected to grow to US$ 5.9 billion by
2025.

Government Initiative: Corporate tax rate.

Indian companies were unable to compete globally, with the cost of capital and corporate income tax (CIT)
being significantly higher than overseas competitors. the Government slashed the corporate tax rate to 22% from 30%
to promote investment. Further, in order to boost the Make-in-India initiative, a new tax rate of 15% has been introduced for newly set up domestic, manufacturing companies. India’s CIT is now closer to the worldwide average statutory CIT of 23.03%.

Plywood is used mainly in the manufacture of most wooden furniture articles. There has been a significant increase in the rate of plywood from the current average VAT rate of 5-6% to 28% under GST

Now, Lets we discuss about the Top 10 Plywood Manufacturing Companies in India based on there Net profit.

Plywood Industries Association:

• Federation of Indian Plywood & Panel Industry
• Ply insight
  • All India Plywood Manufacturers Association (AIPMA)

8. National Plywood Industries Limited

National Plywood Industries Limited is one of the premier manufacturers of plywood, block boards, and flush doors. In 1994, NPIL expanded into the production of cutting-edge decorative laminates under the brands National Laminart and Uni national Laminates.

NPIL plywood has a Brand was named Marine plywood, its use in ship-building and other marine applications, is waterproof, making it perfect for areas exposed to moisture, both inside and outside, BWR plywood is made of 100% premium quality timber bonded with PF resin combined with preservatives. MR plywood has excellent resistance to moisture and is a commercial-grade plywood ideal for interior applications such as wall paneling, furniture and fittings, interior door skins, and ceiling linings.

The R&D team has devised the innovative Flexibly, or flexible plywood, transforming sturdy, 100% hardwood timber into bendable plywood sheets that can be manipulated into any shape without chipping, cracking, or peeling, thereby retaining their strength and durability

National Plywood Industries Limited Financial Information:

• BSE: 516062
• Industry: Forest Products
• Total Market Cap (₹ Lakhs): 1792
• ROE: -1.76%
• FACE VALUE: ₹10
• BOOK VALUE: ₹-3.60

7. Duroply Industries Limited:

Duroply Industries Limited (DIL) is one of the oldest plywood manufacturers in India. It’s formally Sarda Plywood Industries Ltd. It principally operates in two segments Plywood and allied products and Tea. Duroply owns a plywood and allied products unit in Rajkot, Gujarat.

Duroply has its core competency in manufacturing plywood and is a renowned name in the plywood and decorative industries.

The production facility of the Duroply is technologically sophisticated with advanced equipment, processes, and support services for the production of the entire spectrum of plywood. They have established and renowned brand of “DUROPLY”.

In 1968, the Brand Duro is born, they entered Doors Manufacturing and launched the ‘Durobord’ and ‘DuroDoor’ brands, In 1976 the ISI certifications had achieved after that Duroply launched three brand names as DuroDoor, FabPly & DuroFlex in the duration between 2005-2007. In 2021 Launch of Duro Plus – 10’ Range of Plywood, Boards, and Doors.

Duroply Industries Limited Financial Information:

• BSE: 516003
• Industry: Forest Products
• Total Market cap: 34.18 Crores
• ROCE: 2.91%
• ROE: -7.62%
• PE RATIO: -2.09
• FACE VALUE: ₹10
• BOOK VALUE: ₹ 93.9

KEY HIGHLIGHTS in the Balance sheet for Duroply Industry ltd:

• Operation from Revenue: 6 crores.
• PBT: -2 crores.
• PAT: -4 crores.

6. Archidply Decor Ltd:

Archidply Decor Ltd a leading provider of decorative and lifestyle interior design products has been in the industry for over 40 years and delivering decorative Veneers and Gurjan Plywood to the residential and hospitality sectors.

All Archidply Decor ltd products come to life in our cutting-edge facilities in Myanmar and Chintamani, Karnataka. Our flagship facility at Chintamani is spread across 12.5 acres and is where all our decorative veneers and pre-laminated boards are manufactured. 

Archidply Decor Ltd Financial Information:

• NSE: ADL
• BSE: 543231
• Industry: PLYWOOD BOARDS/ LAMINATES
• Total Market Cap (₹ Lakhs): 1,692.14
• ROCE: 2.30%
• ROE: -2.23%
• FACE VALUE: ₹10
• BOOK VALUE: ₹ 87.7

KEY HIGHLIGHTS in Balance sheet for Archidply Decor Ltd:

• Operation from Revenue: 1.81 crores.
• PBT: -1.10 crores.
• PAT: -1.13 crores.

5. THE WESTERN INDIA PLYWOODS LTD

Western India Plywoods Ltd is a manufacturer of Wood-based products including Hardboard, Plywood, and Compreg. It was founded in 1945 the company started to manufacture sawn timber and plywood on a modest scale with a few indigenous and lent-leased machinery.

The State of art for manufacturing method was used as a Swedish production line, for the products they have been using only plantation Timber/Argo waste as raw material, and the Western India Plywoods process zero wastage process of raw material.

THE WESTERN INDIA PLYWOODS LTD Manufacturing plant and capacity:

The company planned and executed the hardboard plant between the years 1956 and 1958 with an initial installed capacity of 12.5 tonnes of cardboard per day.

The Company also installed its own synthetic resin unit in 1959 with a capacity of 200 tonnes per annum, which gradually increased to 2400 tonnes per annum, by 1975.

Manufacture of densified Wood was commenced on a small scale initially as a part of the plywood plant. In 1974 manufactured Densified Wood with a capacity of 2000 M.T. per annum.

The Western India Plywoods Ltd Financial Information:

• NSE: WIPL
• Industry: PLYWOOD BOARDS/ LAMINATES
• Total Market Cap (₹ Lakhs): 4,710.47
• ROCE: 6.26%
• ROE: 3.18%
• PE RATIO: 53.28
• FACE VALUE: ₹10
• BOOK VALUE: ₹ 45.5

KEY HIGHLIGHTS in the Balance sheet for The Western India Plywood Ltd:

Operation from Revenue	5.75 Crores
PBT	1.78 Crores
PAT	1.25 Crores

4. Archidply Industries Ltd

Archidply Industries is an interior designer, The Archidply Group of Industries saw a steep rise in its success rate when it ultimately acquired The Mysore Chipboards Ltd (TMCL) in 1995.

TMCL, located in Mysore, was handling the manufacturing of wood boards under two major divisions- Plywood & Block Board, and Particle and Laminated Board but was shut down in 1988. 

In 2006, Archidply established another wood panel products manufacturing division in Uttaranchal. This unit is well furnished and equipped with the latest technologies, and human resources to manufacture a comprehensive range of panel products such as plywood, laminates, densified film-faced plywood, decorative laminates, pre-laminated particle boards, etc.

The licensed capacity of the Uttaranchal manufacturing unit is around 78000 cubic meters per.

Archidply Industries Ltd Financial Information:

• NSE: ARCHIDPLY
• BSE: 532994
• Industry: PLYWOOD BOARDS/ LAMINATES
• Total Market Cap (₹ Lakhs): 7,081.87
• ROCE: 8.88%
• ROE: 4.30%
• PE RATIO: 83.92
• FACE VALUE: ₹10
• BOOK VALUE: ₹44.3

KEY HIGHLIGHTS in Balance sheet for Archidply Industries Ltd

• Operation from Revenue: 17 crores.
• PBT: 6 crores.
• PAT: 4 crores.

3. Greenpanel Industries Ltd.

Greenpanel is India’s largest manufacturer of wood panels. they produce Medium Density Fiber Boards (MDF), Plywood, Block Boards, Veneers, Wood Floors, and Doors. Greenpanel, previously known as Green Panelmax, is the largest producer of MDF in the country. Our manufacturing plants have a combined annual capacity of more than 500,000 cubic meters of MDF. This is complemented by our robust distribution network of 3,000-plus outlets spread across the country.

Greenpanel MR Grade Plywood is superior-quality plywood It is resistant to moisture, termites, and borer. MR Grade Plywood is suitable for all interior applications.

Greenpanel Industry ltd Manufacturing Plant:

• RUDRAPUR, UTTARAKHAND
• CHITTOOR, ANDHRA PRADESH

Its best-in-class European machinery for processes from wood chipping to refining wood fiber and continuous pressing. manufacturing units in Uttarakhand and Andhra Pradesh have a combined annual capacity of 540,000 cubic meters.

Greenpanel Industry ltd Financial Information:

• NSE: GREENPANEL
• BSE: 542857
• Industry: PLYWOOD BOARDS/ LAMINATES
• Total Market Cap (₹ Lakhs): 3,14,539.27
• ROCE: 11.9%
• ROE: 9.89%
• PE RATIO: 45.6
• FACE VALUE: ₹1
• BOOK VALUE: ₹59.6

KEY HIGHLIGHTS in Balance sheet for Greenpanel Industries Ltd

• Operation from Revenue: 138 crores.
• PBT: 12 crores.
• PAT: 14 crores.

2. GREENPLY INDUSTRIES LIMITED

Greenply Industries Limited is India’s largest interior infrastructure company. In 1984 the introduction of plywood industries in India by setting up a saw-mill. Later Greenply industries were named before as Mittal Laminates Private Ltd. plywood manufacturing unit at Nagaland was transferred to Greenply Industries Limited.

In 1996 the organization was renamed Greenply Industries Ltd. after a year the brand name was popular as Greenply. In 2001 Plywood brand name as Green Club- premium grade plywood. The 1st in the industry to introduce a 300% lifetime warranty.

Greenply had launched many features and branded are Low emission plywood, anti-bacterial coating. Green Club Plus, Ecotec, Green Club 5 Hundred. they have introduced facilities for Ask Greenply, Greenply’s first consumer-facing platform in the plywood platform.

Greenpanel Industry ltd Financial Information:

• NSE: GREENPLY
• BSE: 526797
• Industry: PLYWOOD BOARDS/ LAMINATES
• Total Market Cap (₹ Lakhs): 2,69,228.45
• ROCE: 21.2%
• ROE: 22.9%
• PE RATIO: 596.55
• FACE VALUE: ₹1
• BOOK VALUE: ₹31.2

KEY HIGHLIGHTS in Balance sheet for Greenpanel Industries Ltd

• Operation from Revenue: 156 crores.
• PBT: 61 crores.
• PAT: 47 crores.

1. CENTURYPLY:

Century Plyboards (India) Ltd. our mother concern, came into existence in 1986, Kolkata. Century Plyboards Ltd. is an Indian manufacturer, seller, and exporter of plywood and veneers. The company offers plywood products under the brand name, Century Ply,

CenturyPly is one of the best choices of architects and interior designers. CenturyPly makes a benchmark for their product, some highlighted features are flexible plywood’s that offer a unique blend of form and functionality to specially treated, Fire Retardant plywood’s that find use in a myriad of construction purposes.

One of the most important strengths at Centuryply lies in its distribution network, its trade partners are
located across 630 cities and towns in India. Its network comprises more than 2100 dealers who service
more than 25000 retail points, making it convenient for consumers to buy.

Key milestone about CenturyPly:

• In 1997, CenturyPly became the first company to introduce Borer-Proof Plywood in India
• CenturyPlyLaminates, today known as CenturyLaminates, hit the market and instantly catapulted to the top.
• CenturyPly became a full-fledged plywood and veneer manufacturing brand with the addition of High-pressure Laminates, Pre-laminated Particle Boards and MDF.

CenturyPly Manufacturing Plants:

• CenturyPly had 239000 Plywood manufacturing capacity (CBM)

CenturyPly Financial Information:

• NSE: CENTURYPLY
• BSE: 532548
• Industry: PLYWOOD BOARDS/ LAMINATES
• Total Market Cap (₹ Lakhs): 8,51,255.81
• ROCE: 14.6%
• ROE: 14.6%
• PE RATIO: 58.90
• FACE VALUE: ₹1
• BOOK VALUE: ₹ 50.2

KEY HIGHLIGHTS in Balance sheet for CenturyPly:

• Operation from Revenue: 280 crores.
• PBT: 177 crores.
• PAT: 151 crores.