⚡ Flash Summary

Century Paper & Board Mills Limited (CEPB) held a corporate briefing session on October 30, 2025, discussing the company’s performance and strategic developments. The presentation highlighted the company’s production capacity, market share, and financial results. CEPB’s total production capacity has increased to 282,000 TPY, with a significant portion dedicated to coated packaging boards. The company’s financial performance for the first quarter of 2025-26 shows net sales of PKR 10.64 billion, but also a profit before tax loss of PKR (108) Million.

📌 Key Takeaways

• 🏭 Century Paper is part of the Lakson Group, founded in 1954.
• 🥇 The company is a market leader in coated packaging boards.
• 📈 Total production capacity has increased to 282,000 TPY.
• 📦 P&B Production capacity is at 282,000 MT and Box production capacity is 35,000 MT.
• ⚡ Electricity and steam capacity are 65 MW and 288 Tons/Hr, respectively.
• 🏢 The area of the plant is 175 Acres (60 Hectors) and the company employs 1550 people.
• 📊 Total P&B consumption for 2024-25 is 1,762,000 MT.
• CDB (Coated Duplex Board) production capacity in 2024-25 totals 283,000 MT.
• FBB (Folding Box Board) production capacity in 2024-25 totals 164,000 MT.
• CDB capacity utilization is at 78% while FBB/Others is also at 78% for 2024-25.
• ☀️ The company utilizes a mix of coal, gas, and grid power, with solar contributing a smaller percentage.
• 🌱 Sustainability initiatives cover resource conservation, gender equality, and responsible consumption.
• 💸 Sales volume for 2024-25 reached 170 thousand MT with a gross revenue of PKR 44 Billion.
• 💰 Gross profit for 2024-25 was PKR 2.7 Billion, with a profit before tax of PKR 30 Million.
• ✔️ Current ratio is at 1.40 times and the equity stands at PKR 13 Billion in 2024-25.

🎯 Investment Thesis

Based on the available information, a HOLD recommendation is appropriate. The company has a strong market position and substantial revenue, but profitability concerns need to be addressed. Further analysis of the company’s financials, cost structure, and growth prospects is needed to make a more informed investment decision.