When you bind wood veneers together and get a sheet, that’s what plywood is. Plywood is a very versatile item. It finds usage in a variety of applications for interior & exterior structural applications. You can use plywood for making furniture, paneling, and even doors – to name a few.
Plywood Applications
Timber cladding – this usage comes with a high degree of inbuilt flexibility, ease of handling, and freedom of design. The inherent properties of timber cladding protect the structures against adverse weather conditions like strong winds, earth tremors, or other extremities.
Doors – without compromising on strength & performance, there are a variety of doors that can be made with plywood. And each one looks very attractive, too. With regular maintenance, there won’t be any question marks on the durability, either.
Flooring – timber floor is versatile, adaptable, and durable. The beautiful design options that they can provide are hard to match.
Internal paneling – be it as a solid piece of timber panel or in the form of sheets, plywood interior panels can enhance the looks of a room by several notches. These panels are stylish while being strong & durable.
Plywood Benefits
- Highly stable
- Resistance to impacts
- Resistance to chemicals
- Strength to weight ratio is high
India’s Plywood Industry
The plywood market in India stands at a valuation of close to $5 billion. Industry experts expect it to grow at a CAGR of more than 4% and reach a valuation of close to $6 billion by 2025. In India, plywood finds maximum usage in the manufacturing of furniture. With the rise in demand for furniture that is both lightweight & durable, the plywood industry is looking at penetrating newer markets and territories.
The plywood manufacturing market is quite fragmented in India. There are quite a few large players operating here, as well as a huge number of small-time local manufacturers.
Here is top 10 plywood companies in India:
Century Plyboard
Century Ply came into being in 1986 and today counted among the best plywood companies in India. Since then, the company has grown into a huge entity and almost become synonymous with plywood in India. A large number of architects & interior designers prefer to use Century’s products for their interior works. Consistent innovation and the usage of the latest technology have endeared the company’s products to its customers.
Financial Report:
- Market Cap (Rs Crore): 5,204
- Book Value (Rs): 50.2
- Face Value (RS): 1.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss (in Rs. Crore)
- MAR 2020: 151
- MAR 2019: 148
- MAR 2018: 163
- MAR 2017: 190
2020 Quarterly Result (in Rs. Crores)
- June Net Profit: -11
- September Net Profit: 50
Greenply
The seeds of Greenply were sown in the 1980s in the form of a standalone sawmill. Over the years, many milestones were created on its way to become India’s top interior infrastructure company. The company is spread across 300+ cities through a network of 45 branches and over 13,000 dealers. Greenply’s range of products includes decorative laminates, decorative veneers, laminate flooring, block boards, etc.
Financial Report:
- Market Cap (Rs Crore): 1,351
- Book Value (Rs): 31.2
- Face Value (RS): 1.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss (in Rs. Crore)
- MAR 2020: 47
- MAR 2019: 80
- MAR 2018: 111
- MAR 2017: 125
2020 Quarterly Result (in Rs. Crores)
- June Net Profit: -11
- September Net Profit: -22
Oriental Veneer Products Ltd
For more than 30 years, the public limited Oriental Veneer Products Ltd has been a prolific manufacturer of wood-based laminated boards. The company’s wide range of products includes compreg boards, bonded blocks, phenolic raisins, shuttering plates, sound insulation floors, and several more.
Financial Report:
- Market Cap (Rs Crore): 236
- Book Value (Rs): 15.5
- Face Value (RS): 1.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss (in Rs. Crore)
- MAR 2020: 24
- MAR 2019: 12
- MAR 2018: 12
- MAR 2017: 12
2020 Quarterly Result (in Rs. Crores)
- June Net Profit: 2.78
- September Net Profit: 5.00
Archidply
Archidply has been operational for more than 40 years. It has taken big strides in all this time to emerge as a key player in the Indian plywood industry. It reaches every corner of the country through its network of 2000 dealers, 20 sales offices & 7 warehouses. Archidply also is a major exporter. Its product reaches the shores of 20 countries. The operations are SAP-enabled and the company is also the recipient of ISO 14000 & ISO 9001:2002 certifications. Archidply’s products include laminates, plywoods, and WPC Boards.
Financial Report:
- Market Cap (Rs Crore): 17.4
- Book Value (Rs): 87.7
- Face Value (RS): 10.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss (in Rs. Crore)
- MAR 2020: N/A
- MAR 2019: N/A
- MAR 2018: N/A
- MAR 2017: N/A
2020 Quarterly Result (in Rs. Crores)
- June Net Profit: -0.24
- September Net Profit: -1.10
Duroply Industries Ltd
With a legacy of more than 6 decades, Duroply Industries Ltd is a highly trusted name in the Indian plywood sector. 3000 retailer stock the latest products of Duroply. It started by making tea chests in Assam, and today has a manufacturing facility in Gujarat that is equipped with the latest technology. 100% customer satisfaction is what the company aims at in every transaction. And this fact is proven by the wide acceptance of its range of Super Premium, Millennium, Evergreen, and Innovation range of plywood products, doors, and veneers.
Financial Report:
- Market Cap (Rs Crore): 28.1
- Book Value (Rs): 93.9
- Face Value (RS): 10.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss (in Rs. Crore)
- MAR 2020: -4
- MAR 2019: 1
- MAR 2018: -5
- MAR 2017: -2
2020 Quarterly Result (in Rs. Crores)
- June Net Profit: -8.25
- September Net Profit: -3.70
Mangalam Timber
Mangalam Timbers is a part of the industrial conglomerate B. K. Birla Group of Companies. It began production in 1985. Through its state of the art manufacturing facilities, the company manufactures high-quality Plain Interior & Exterior Grade MDF and Pre-Laminated Interior & Exterior Grade MDF. Its vast distributor network makes it sure that the company’s products cover all territories.
Financial Report:
- Market Cap (Rs Crore): 17.0
- Book Value (Rs): -39.1
- Face Value (RS): 10.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss (in Rs. Crore)
- MAR 2020: -15
- MAR 2019: -14
- MAR 2018: -9
- MAR 2017: -14
2020 Quarterly Result (in Rs. Crores)
- June Net Profit: -3.95
- September Net Profit: -5.91
Milestone Furniture Ltd
Among the later entrants in the market, Milestone Furniture has seen rapid growth after a small beginning. The Mumbai-based company has in its customer base commercial & residential units, educational institutions, etc. It is also into turnkey solutions. Competent members of staff & the latest manufacturing technology drive the company. Its base is its core values like honesty, commitment, passion, etc. Milestone’s product portfolio includes conference tables, cubical workstations, back-to-back workstations, linear workstations, etc.
Financial Report:
- Market Cap (Rs Crore): 9.76
- Book Value (Rs): 31.2
- Face Value (RS): 10.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss (in Rs. Crore)
- MAR 2020: 0.01
- MAR 2019: 0.09
- MAR 2018: 1.16
- MAR 2017: 0.32
2020 Quarterly Result (in Rs. Crores)
- June Net Profit: N/A
- September Net Profit: N/A
Ecoboard Industries
Ecoboard’s driving force is that it is in sync with the environment, producing eco-friendly products for the last 30 years. Making use of superior quality German manufacturing technologies, the company produces premium quality tough products that are fire & moisture-resistant. The company’s products find applications in a wide range of commodities like home & kitchen furniture, office furniture, showroom furniture, etc.
Financial Report:
- Market Cap (Rs Crore): 10.7
- Book Value (Rs): 0.55
- Face Value (RS): 10.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss (in Rs. Crore)
- MAR 2020: -1.29
- MAR 2019: -7.20
- MAR 2018: -13.87
- MAR 2017: -10.36
2020 Quarterly Result (in Rs. Crores)
- June Net Profit: -1.40
- September Net Profit: -1.29
Kitply
“Ply mane Kitply” is what the company says. And it’s true. Ever since its inception in 1982, Kitply has witnessed strong growth in the plywood sector in India. Today, the company employs over 1,000 staff members, spread across 5 manufacturing facilities & 16 sales offices across the country. The company has consistently set new standards in ethical dealings, customer satisfaction, and technological upgradation. Some notable constructions like the Palace on Wheels, American Consulates, Indian Naval Shipyards, etc. have extensively used Kitply’s products.
They manufactures a range of:
- Long-lasting ply,
- Premium ply boards,
- Laminates,
- Designer doors,
- Decorative veneers, etc.
Financial Report:
- Market Cap (Rs Crore): 35.07
- Book Value (Rs): -99.3
- Face Value (RS): 10.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss (in Rs. Crore)
- MAR 2015: -13
- MAR 2014: -9
- MAR 2013: -12
- MAR 2012: -104
2020 Quarterly Result (in Rs. Crores)
- June Net Profit: N/A
- September Net Profit: N/A
National Plywood Industries Ltd
Established as a tea chest manufacturer in Assam in 1951, National Plywood Industries has come a long way. Today, it is counted as among the premier plywood manufacturers of India. It has earned the trust of countless customers as a provider of immaculate products while maintaining high levels of integrity and customer sensitivity. Its extensive network of dealers and offices ensures that the products reach the farthest corners of India.
National’s products include:
- Plywood,
- Block boards,
- Flush doors,
- Laminates.
are some of the popular brands of the company.
Financial Report:
- Market Cap (Rs Crore): 17.7
- Book Value (Rs): -3.60
- Face Value (RS): 10.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss (in Rs. Crore)
- MAR 2019: 0.72
- MAR 2018: 0.44
- MAR 2017: 0.23
- MAR 2016: 1.96
2020 Quarterly Result (in Rs. Crores)
- June Net Profit: 0.40
- September Net Profit: -1.37
List of Top 10 Plywood Companies in India
| Sl. No. | Company | Establishment | Head office | Website |
| 1 | Century Plyboard | 1982 | Kolkata | https://www.centuryply.com/ |
| 2 | Greenply | 1993 | New Delhi | http://www.greenply.com/ |
| 3 | Oriental Veneer Products Ltd | 1991 | Thane | http://www.ovpl.co.in/ |
| 4 | Archidply | 1976 | New Delhi | https://www.archidply.com/ |
| 5 | Duroply Industries Ltd | 1957 | Kolkata | https://www.duroply.in/ |
| 6 | Mangalam Timbers | 1982 | Kolkata | http://www.mangalamtimber.com/ |
| 7 | Milestone Furniture Ltd | 2014 | Mumbai | http://www.milestonegroup.asia/ |
| 8 | Ecoboard Industries | 1991 | Pune | https://www.ecoboard.in/ |
| 9 | Kitply | 1976 | Kolkata | https://www.kitply.com/ |
| 10 | National Plywood Industries Ltd | 1973 | Kolkata | https://natply.com/
|
