Greenply Industries Ltd

Greenply Industr Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Greenply Industries Ltd

₹ 254 2.92%
18 May - close price
greenply.com / www.greenplyplywood.com / www.askgreenply.com BSE: 526797 NSE: GREENPLY
About

Established in 1990, [1] Greenply Industries Limited is amongst the leading plywood manufacturers in India with a 26% share of the organized market. Greenply offers a wide range of panel products including plywood, block boards, decorative veneers, doors, and film-faced plywood, among others. [2]

Key Points

Product Portfolio
The Co.’s product portfolio comprises plywoods and blockboards, decorative veneers, flush doors, specialty plywood, and Polyvinyl Chloride (PVC) products. [1]

Website BSE NSE
  • Market Cap ₹ 3,136 Cr.
  • Current Price ₹ 254
  • High / Low ₹ 285 / 149
  • Stock P/E 67.9
  • Book Value ₹ 53.2
  • Dividend Yield 0.20 %
  • ROCE 11.6 %
  • ROE 14.1 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 7.08% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Plywood Boards/Laminates Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
340 397 261 432 421 449 454 495 428 469 476 608 621
299 351 248 383 378 404 414 447 398 438 447 557 564
Operating Profit 42 45 13 50 43 45 40 48 30 31 29 51 57
OPM % 12% 11% 5% 11% 10% 10% 9% 10% 7% 7% 6% 8% 9%
2 4 2 2 5 3 2 1 13 9 1 4 17
Interest 4 4 3 3 3 2 5 7 6 8 13 18 20
Depreciation 6 6 6 6 7 7 8 9 10 10 13 16 17
Profit before tax 34 39 6 42 39 38 28 33 27 22 5 21 36
Tax % 26% 27% 28% 24% 24% 25% 27% 28% -32% 50% 82% 33% 26%
25 29 4 32 30 29 21 24 36 11 1 14 27
EPS in Rs 2.04 2.34 0.33 2.60 2.43 2.36 1.69 1.92 2.93 0.90 0.07 1.13 2.17
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,708 2,047 2,217 1,567 1,646 1,668 912 1,412 1,420 1,165 1,563 1,846 2,174
1,530 1,776 1,945 1,355 1,403 1,421 848 1,266 1,265 1,050 1,413 1,697 2,006
Operating Profit 178 272 272 211 243 247 64 146 156 115 150 148 168
OPM % 10% 13% 12% 13% 15% 15% 7% 10% 11% 10% 10% 8% 8%
4 5 4 15 7 4 86 6 -48 6 12 25 32
Interest 65 66 64 38 31 19 8 19 21 17 12 26 59
Depreciation 48 54 60 47 50 51 18 22 26 23 26 36 57
Profit before tax 68 157 153 141 170 181 124 111 61 81 125 111 84
Tax % 17% 24% 23% 12% 24% 31% 11% 28% 22% 25% 24% 17%
57 120 118 124 128 125 111 80 47 61 95 91 53
EPS in Rs 4.71 9.93 9.76 10.31 10.63 10.23 9.02 6.50 3.85 4.97 7.73 7.44 4.27
Dividend Payout % 9% 6% 6% 6% 6% 6% 7% 6% 10% 8% 6% 7%
Compounded Sales Growth
10 Years: -1%
5 Years: 15%
3 Years: 9%
TTM: 19%
Compounded Profit Growth
10 Years: -4%
5 Years: -6%
3 Years: 1%
TTM: -54%
Stock Price CAGR
10 Years: 13%
5 Years: 15%
3 Years: 5%
1 Year: 56%
Return on Equity
10 Years: 18%
5 Years: 16%
3 Years: 16%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 12 12 12 12 12 12 12 12 12 12 12 12 12
Reserves 351 462 572 474 602 760 865 323 366 424 526 632 646
706 686 748 332 270 446 712 250 279 203 309 696 757
308 412 488 331 316 356 521 302 305 275 311 340 419
Total Liabilities 1,376 1,572 1,820 1,149 1,200 1,575 2,111 887 962 915 1,159 1,680 1,833
632 665 699 533 542 526 580 252 314 308 353 459 991
CWIP 14 23 117 14 9 269 770 17 5 6 110 513 13
Investments 0 0 0 35 29 26 18 22 24 23 26 6 6
731 883 1,004 567 620 754 742 596 619 578 671 702 824
Total Assets 1,376 1,572 1,820 1,149 1,200 1,575 2,111 887 962 915 1,159 1,680 1,833

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
44 184 189 187 191 212 113 98 58 228 92 62
-57 -86 -172 -105 -63 -363 -328 -89 -58 -124 -130 -410
12 -94 -23 -82 -100 190 164 -28 -19 -92 80 318
Net Cash Flow -2 4 -6 1 28 39 -50 -19 -20 12 42 -30

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 68 62 61 60 74 65 114 79 92 61 44 45
Inventory Days 106 110 121 76 55 65 150 72 77 96 88 90
Days Payable 77 92 100 92 99 86 142 99 101 109 84 79
Cash Conversion Cycle 97 80 82 45 30 45 122 52 68 47 47 57
Working Capital Days 85 64 63 48 47 38 79 50 62 45 40 57
ROCE % 14% 20% 18% 15% 24% 19% 10% 12% 21% 15% 18% 12%

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.22% 52.25% 52.25% 52.31% 52.29% 52.32% 52.32% 52.32% 52.14% 52.12% 51.97% 52.00%
1.77% 2.68% 3.55% 3.58% 3.40% 3.18% 2.32% 2.16% 2.15% 2.07% 4.10% 4.13%
31.51% 29.77% 31.25% 31.98% 33.41% 32.91% 32.94% 32.87% 32.41% 32.39% 29.76% 30.31%
14.50% 15.30% 12.95% 12.14% 10.90% 11.57% 12.42% 12.65% 13.29% 13.41% 14.16% 13.54%
No. of Shareholders 33,18942,48539,27941,38540,79643,00948,17050,07647,71049,20446,17951,375

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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