Sylvan Plyboard (India) Ltd

About Sylvan Plyboard (India) Ltd

Sylvan Plyboard (India) Limited was incorporated in the year 2002 and is a wood-based products manufacturer. Their gamut of products relates to plywood, block boards, flush doors, veneer, and sawn timber. The company brands under the brand name "Sylvan" and believes in quality and innovation in the wood industry. Its wide distribution network coupled with a diversified product portfolio caters to various user industries, thus making the company a key player in the sector. Investors can further track the Sylvan Plyboard share price on the National Stock Exchange (NSE).

History of Sylvan Plyboard (India)

Sylvan Plyboard was incorporated in 2002. Since then, the company has rapidly grown to become one of the major key names in the wood products industry. In the process, over all these years, it developed a high repute for high-quality products and reliable services. In these past years, Sylvan Plyboard has increased its manufacturing capacity and distribution network to assume leadership in producing plywood and other wood products. The company has grown consistently in quality to be strongly positioned as a supplier of reliability in commercial and residential markets alike.

Business Segments of Sylvan Plyboard (India)

Sylvan Plyboard operates across several key business segments:

• Plywood, Block Boards, and Flush Doors: These products constitute the majority of the company's revenue, accounting for 85% of its sales. They are widely used in construction, interior decor, furniture, and various other applications.
• Sawn Timber: Contributing 6% to the company's revenue, sawn timber is essential for a range of industrial and commercial uses.
• Veneer: Although a smaller segment, veneer trading represents 5% of revenue, serving niche markets in decorative and structural applications.
• Other Products and Trading: Includes resin, sawn timber (trading), veneer (trading), and other miscellaneous products, together making up a minor portion of the revenue.

Sylvan Plyboard (India)-Manufacturing Facilities

The Factory of the company is located at Hooghly, in West Bengal. The role of this unit is very important in the manufacture of several wood-based items produced by Sylvan Plyboard. The operational capacity was 84% as of December 31, 2023. This unit manufactured 12.50 lakh square meters of plywood for the financial year 2022-23. The first part of the journey had already been completed. Still, Sylvan Plyboard will increase this capacity to fulfill expanded demand and for economical production.

Sylvan Plyboard Distribution Network

Sylvan Plyboard has a distribution network with 223 authorized dealers spread across 13 states in India. The vast network ensures that the products of the company can reach a wide array of markets and industries that include shipping, construction, real estate, interior decoration, furniture, aviation, education, hospitals, transport, banking, and government projects.

Outlook of Sylvan Plyboard

The company is on an expansion drive in its production capacity. It predominantly would be expanding operations in the plywood segment. To that end, the funds from the upcoming IPO are estimated to be around ₹28 crore mobilized in capital expenditure, working capital requirements, issue expenses, and general corporate purposes. This is likely to make the strategic focus of the company towards operations increase in scale and improve its market position.

With a diversified portfolio, solid distribution network, and plans for huge expansion, Sylvan Plyboard India Ltd. is sure to carry on its growth story and maintain its lead in the wood products industry.

Key Personnel at Sylvan Plyboard (India)

• Mr. Jai Prakash Singh serves as the Chairman & Whole-Time Director.
• Mr. Anand Kumar Singh is the Managing Director.
• Mr. Shashi Kant Tiwari holds the position of Chief Financial Officer (CFO).
• Mr. Rajneesh Mishra is the Company Secretary and Compliance Officer.