Greenpanel Industries Ltd
Greenpanel Industries Limited is engaged in the manufacturing of plywood, medium density fibre boards (MDF) and allied products.[1]
- Market Cap ₹ 3,930 Cr.
- Current Price ₹ 320
- High / Low ₹ 427 / 203
- Stock P/E 54.5
- Book Value ₹ 113
- Dividend Yield 0.47 %
- ROCE 4.48 %
- ROE 5.34 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 2.84 times its book value
- The company has delivered a poor sales growth of 10.8% over past five years.
- Tax rate seems low
- Company has a low return on equity of 12.3% over last 3 years.
- Company might be capitalizing the interest cost
- Dividend payout has been low at 8.90% 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
0 | 587 | 860 | 1,020 | 1,624 | 1,783 | 1,567 | 1,436 | |
0 | 504 | 724 | 815 | 1,204 | 1,370 | 1,321 | 1,305 | |
Operating Profit | -0 | 83 | 136 | 205 | 421 | 413 | 246 | 131 |
OPM % | 14% | 16% | 20% | 26% | 23% | 16% | 9% | |
0 | 13 | -9 | 2 | 5 | -9 | 22 | 23 | |
Interest | 0 | 24 | 48 | 35 | 16 | 19 | 12 | 7 |
Depreciation | 0 | 50 | 65 | 64 | 68 | 69 | 73 | 77 |
Profit before tax | -0 | 22 | 13 | 108 | 342 | 317 | 183 | 70 |
Tax % | 0% | -101% | -20% | 30% | 32% | 27% | 26% | -3% |
-0 | 44 | 16 | 76 | 233 | 230 | 135 | 72 | |
EPS in Rs | 1.32 | 6.21 | 19.03 | 18.75 | 11.03 | 5.88 | ||
Dividend Payout % | 0% | 0% | 0% | 0% | 8% | 8% | 14% | 5% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 11% |
3 Years: | -4% |
TTM: | -8% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 23% |
3 Years: | -33% |
TTM: | -46% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 54% |
3 Years: | -10% |
1 Year: | 0% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 12% |
Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 0.10 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
Reserves | -0 | 668 | 685 | 761 | 975 | 1,189 | 1,305 | 1,373 |
0 | 579 | 555 | 459 | 292 | 228 | 296 | 413 | |
0 | 226 | 241 | 243 | 285 | 276 | 293 | 338 | |
Total Liabilities | 0 | 1,485 | 1,493 | 1,475 | 1,564 | 1,705 | 1,906 | 2,136 |
0 | 1,118 | 1,088 | 1,043 | 1,009 | 992 | 982 | 1,559 | |
CWIP | 0 | 4 | 6 | 4 | 0 | 5 | 313 | 11 |
Investments | 0 | 47 | 52 | 52 | 52 | 22 | 98 | 121 |
0 | 316 | 346 | 376 | 502 | 686 | 514 | 445 | |
Total Assets | 0 | 1,485 | 1,493 | 1,475 | 1,564 | 1,705 | 1,906 | 2,136 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
-0 | 27 | 101 | 211 | 360 | 339 | 135 | 78 | |
0 | -114 | -28 | -77 | -137 | -254 | -156 | -166 | |
0 | 105 | -82 | -131 | -180 | -131 | 50 | 82 | |
Net Cash Flow | 0 | 18 | -9 | 3 | 43 | -45 | 29 | -6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 33 | 30 | 28 | 9 | 9 | 10 | 11 | |
Inventory Days | 191 | 147 | 118 | 90 | 75 | 107 | 98 | |
Days Payable | 119 | 117 | 104 | 81 | 54 | 58 | 51 | |
Cash Conversion Cycle | 105 | 60 | 42 | 19 | 29 | 59 | 58 | |
Working Capital Days | 27 | 34 | 33 | 15 | 19 | 29 | 29 | |
ROCE % | 7% | 6% | 12% | 29% | 27% | 13% | 4% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Greenpanel schedules Q1FY26 results conference call on July 30, 2025 at 4:30 p.m. IST.
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Board Meeting Intimation for Notice Of Board Meeting Scheduled To Be Held On July 30, 2025
2d - Board meeting on July 30 to approve Q1 FY26 results; trading window closed till August 1.
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Clarification On Delay In Intimation Of Resignation Of Senior Management Personnel
21 Jul - Clarification on delayed disclosure of President's resignation due to retention efforts, effective May 1, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
18 Jul - Greenpanel Industries Limited submitted the newspaper publication dated July 18, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Jul - Greenpanel Industries Limited submitted the newspaper publication dated July 15, 2025.
Annual reports
Concalls
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT
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Oct 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Nov 2022Transcript PPT
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Jul 2022Transcript PPT
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Jan 2022Transcript PPT
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Oct 2021Transcript PPT
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Aug 2021Transcript PPT
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May 2021Transcript PPT
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Feb 2021Transcript PPT
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Nov 2020Transcript PPT
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Aug 2020Transcript PPT
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Jun 2020Transcript PPT
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Jun 2020TranscriptNotesPPT
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Feb 2020Transcript PPT
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Nov 2019Transcript PPT
Market Position[1]
27% market share in the organized MDF segment.
It is the only company in the Medium Density Fibreboard (MDF) category to be included among Ecolabelled products.[2]