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Greenply Industries Ltd
(GREENPLY)
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Rating:57Neutral
Price Target:
₹304.00
▲(1.74% Upside)
Action:Reiterated
Date:08/06/26
The score is primarily supported by solid financial performance driven by strong revenue growth and improved leverage, plus a recent rebound in operating cash flow and positive free cash flow. This is tempered by weaker technical momentum (below short-term moving averages with negative MACD) and a relatively expensive valuation (high P/E with minimal dividend yield).
Positive Factors
Revenue Growth
Sustained multi-year revenue scaling indicates strong product demand and distribution reach in core plywood and panel markets. Durable top-line growth supports capacity utilization, bargaining power with suppliers, and ongoing investment in brand and channels, benefiting medium-term cash generation.
Negative Factors
Margin Erosion
Declining profit margins despite strong revenue indicate structural cost pressures, pricing competition, or mix shifts toward lower-margin products. Persistent margin compression limits retained earnings and ROE, constraining long-term ability to convert sales growth into durable shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained multi-year revenue scaling indicates strong product demand and distribution reach in core plywood and panel markets. Durable top-line growth supports capacity utilization, bargaining power with suppliers, and ongoing investment in brand and channels, benefiting medium-term cash generation.
Read all positive factors
Greenply Industries Ltd (GREENPLY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹35.08B
Dividend Yield0.17%
Average Volume (3M)16.11K
Price to Earnings (P/E)37.9
Beta (1Y)1.31
Revenue Growth14.32%
EPS Growth13.11%
CountryIN
Employees2,649
SectorGeneral
Sector StrengthN/A
IndustryConstruction Materials
Share Statistics
EPS (TTM)7.91
Shares Outstanding124,902,050
10 Day Avg. Volume7,587
30 Day Avg. Volume16,107
Financial Highlights & Ratios
PEG Ratio-9.27
Price to Book (P/B)2.51
Price to Sales (P/S)0.82
P/FCF Ratio25.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)14.15
Revenue Forecast (FY)₹31.86B
Greenply Industries Ltd Business Overview & Revenue Model
Company Description
Greenply Industries Limited, an interior infrastructure company, engages in the manufacture and trading of plywood and allied products in India and internationally. The company provides plywood and block boards, decorative veneers, flush doors, sp...
How the Company Makes Money
Greenply primarily makes money by manufacturing and selling wood-based panel products under its brands. Its core revenue stream is the sale of plywood products across multiple grades and application segments (e.g., interior, structural, and specia...
Greenply Industries Ltd Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
67
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 28.63B | 27.39B | 24.88B | 21.75B | 16.59B | 15.57B |
| Gross Profit | 9.40B | 11.12B | 10.03B | 7.69B | 5.90B | 6.09B |
| EBITDA | 2.56B | 2.45B | 2.38B | 2.14B | 1.91B | 1.60B |
| Net Income | 986.10M | 895.32M | 916.32M | 699.60M | 914.32M | 947.26M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 19.62B | 19.52B | 16.64B | 16.81B | 11.59B |
| Cash, Cash Equivalents and Short-Term Investments | 278.73M | 385.96M | 246.71M | 223.12M | 313.54M | 722.46M |
| Total Debt | 0.00 | 5.15B | 5.15B | 5.57B | 7.01B | 3.09B |
| Total Liabilities | -8.95B | 10.66B | 11.43B | 9.54B | 10.37B | 6.21B |
| Stockholders Equity | 8.95B | 8.95B | 8.09B | 7.09B | 6.44B | 5.38B |
Cash Flow | ||||||
| Free Cash Flow | 101.98M | 896.80M | 1.42B | -877.26M | -3.53B | -1.40B |
| Operating Cash Flow | 658.98M | 2.47B | 2.19B | 460.06M | 621.69M | 916.09M |
| Investing Cash Flow | -477.81M | -1.52B | -1.47B | -1.43B | -4.09B | -1.29B |
| Financing Cash Flow | -237.79M | -784.27M | -829.00M | 471.07M | 3.18B | 804.29M |
Greenply Industries Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹187.44B | 36.03 | ― | 1.13% | 8.32% | 74.12% | |
57 Neutral | ₹35.08B | 37.92 | ― | 0.17% | 14.32% | 13.11% | |
56 Neutral | ₹14.85B | 65.37 | ― | 2.50% | 18.50% | -67.27% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹5.94B | 27.72 | ― | 0.25% | 13.22% | 387.47% | |
54 Neutral | ₹25.17B | 23.81 | ― | 0.98% | 9.32% | 82.85% | |
43 Neutral | ₹20.91B | -70.50 | ― | 0.99% | 28.75% | 98.71% |
* General Sector Average
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Greenply Industries Ltd Corporate Events
Greenply sets virtual 36th AGM, fixes record date for dividend
Jul 25, 2026
Greenply Industries Ltd has announced that its 36th Annual General Meeting for the financial year 2025-26 will be held on August 25, 2026 at 11:00 a.m. via video conferencing and other audio-visual means, in line with corporate governance and regu...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.