Sylvan Plyboard (India) Limited
NNSE:SYLVANPLY44.25
INR
-0.10
(-0.23%)
Sylvan Plyboard (India) Limited
NSE:SYLVANPLY
(National Stock Exchange of India)
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44.25
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Sylvan Plyboard (India) Ltd manufactures plywood, block boards, flush doors, veneer, sawn timber, flexi doors, and wood panels across various grades and thicknesses, marketed under the Sylvan brand including premium lines such as Sylvan Z+ Premium Plus, middle-segment offerings like Robusta Premium and Primo Plus, and lower-segment products like Sylvan Blu; the company also provides specialized plywood types including boiling water proof (BWP), boiling water resistant (BWR), waterproof, fire retardant, termite proof, and modular deco ply options. Incorporated on August 20, 2002, as Singh Brothers Exim Private Limited in Kolkata, West Bengal, with roots tracing back to the Singh family's timber trading business started in 1951, the company maintains its headquarters and integrated manufacturing facility in Baidyabati, Hooghly district, near Kolkata, spanning approximately 11.61 acres. It operates primarily in the forest products and wholesale building materials industry, distributing through a network of over 223 authorized dealers across 13 states in eastern India, targeting residential, commercial construction, real estate, furniture, interior decor, and institutional sectors such as shipping, aviation, education, hospitals, transport, banking, and government projects. In June-July 2024, Sylvan Plyboard completed its initial public offering (IPO) on the NSE SME platform, raising approximately Rs 28 crores to fund capital expenditure for additional plant and machinery, working capital requirements, issue expenses, and general corporate purposes, marking its transition to a listed public limited company. Recent board actions in August-September 2025 include revising the managing director's remuneration effective October 1, 2025, appointing a new secretarial auditor, reappointing director Shakuntala Singh, and scheduling the 23rd annual general meeting for September 25, 2025, via video conferencing with book closure from September 19-25. The company continues to focus on operational enhancements, reporting revenue growth to Rs 242 crore and profit of Rs 6.90 crore for FY2025, while planning potential expansions into new product lines like MDF, particle board, and laminates amid rising construction demand.