Greenpanel Industries Ltd
Greenpanel Industries Limited is engaged in the manufacturing of plywood, medium density fibre boards (MDF) and allied products.[1]
- Market Cap ₹ 2,454 Cr.
- Current Price ₹ 200
- High / Low ₹ 335 / 163
- Stock P/E
- Book Value ₹ 111
- Dividend Yield 0.15 %
- ROCE -0.40 %
- ROE -2.13 %
- Face Value ₹ 1.00
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 8.58% over past five years.
- Company has a low return on equity of 4.45% 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
Consumer Discretionary Consumer Durables Consumer Durables Plywood Boards/ Laminates
Part of BSE Consumer Discretionary BSE 1000
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 587 | 860 | 1,020 | 1,624 | 1,783 | 1,567 | 1,436 | 1,539 | |
| 0 | 504 | 724 | 815 | 1,204 | 1,370 | 1,321 | 1,305 | 1,460 | |
| Operating Profit | -0 | 83 | 136 | 205 | 421 | 413 | 246 | 131 | 80 |
| OPM % | 14% | 16% | 20% | 26% | 23% | 16% | 9% | 5% | |
| 0 | 13 | -9 | 2 | 5 | -9 | 22 | 23 | 14 | |
| Interest | 0 | 24 | 48 | 35 | 16 | 19 | 12 | 7 | 37 |
| Depreciation | 0 | 50 | 65 | 64 | 68 | 69 | 73 | 77 | 101 |
| Profit before tax | -0 | 22 | 13 | 108 | 342 | 317 | 183 | 70 | -44 |
| Tax % | 0% | -101% | -20% | 30% | 32% | 27% | 26% | -3% | -33% |
| -0 | 44 | 16 | 76 | 233 | 230 | 135 | 72 | -29 | |
| EPS in Rs | 1.32 | 6.21 | 19.03 | 18.75 | 11.03 | 5.88 | -2.38 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% | 8% | 8% | 14% | 5% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | -5% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -140% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -5% |
| 3 Years: | -15% |
| 1 Year: | -24% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 4% |
| Last Year: | -2% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.10 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | -0 | 668 | 685 | 761 | 975 | 1,189 | 1,305 | 1,373 | 1,344 |
| 0 | 579 | 555 | 459 | 292 | 228 | 296 | 413 | 370 | |
| 0 | 226 | 241 | 243 | 285 | 276 | 278 | 338 | 321 | |
| Total Liabilities | 0 | 1,485 | 1,493 | 1,475 | 1,564 | 1,705 | 1,891 | 2,136 | 2,047 |
| 0 | 1,118 | 1,088 | 1,043 | 1,009 | 992 | 982 | 1,559 | 1,425 | |
| CWIP | 0 | 4 | 6 | 4 | 0 | 5 | 313 | 11 | 20 |
| Investments | 0 | 47 | 52 | 52 | 52 | 22 | 98 | 121 | 0 |
| 0 | 316 | 346 | 376 | 502 | 686 | 498 | 445 | 602 | |
| Total Assets | 0 | 1,485 | 1,493 | 1,475 | 1,564 | 1,705 | 1,891 | 2,136 | 2,047 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| -0 | 27 | 101 | 211 | 360 | 339 | 135 | 78 | 111 | |
| 0 | -114 | -28 | -77 | -137 | -254 | -156 | -166 | 17 | |
| 0 | 105 | -82 | -131 | -180 | -131 | 50 | 82 | -115 | |
| Net Cash Flow | 0 | 18 | -9 | 3 | 43 | -45 | 29 | -6 | 12 |
| Free Cash Flow | -0 | -78 | 77 | 192 | 326 | 253 | -210 | -109 | 73 |
| CFO/OP | 100% | 37% | 79% | 111% | 99% | 97% | 70% | 64% | 128% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 33 | 30 | 28 | 9 | 9 | 7 | 11 | 21 | |
| Inventory Days | 191 | 147 | 118 | 90 | 75 | 107 | 98 | 89 | |
| Days Payable | 119 | 117 | 104 | 81 | 54 | 58 | 51 | 55 | |
| Cash Conversion Cycle | 105 | 60 | 42 | 19 | 29 | 55 | 58 | 54 | |
| Working Capital Days | -2 | 4 | -1 | -12 | 5 | 20 | 9 | 20 | |
| ROCE % | 7% | 6% | 12% | 29% | 27% | 13% | 4% | -0% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| MDF Capacity Utilization % |
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| MDF Installed Capacity CBM |
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| Plywood Installed Capacity Million SQM |
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| Dealer Network Size Count |
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| MDF Total Sales Volume CBM |
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| MDF Average Domestic Realization INR/CBM |
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| Plywood Sales Volume Million SQM |
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| MDF Organized Market Share % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
22 May - Greenpanel Industries Limited submitted the transcript of the investor call dated May 18, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
19 May - Greenpanel Industries Limited informed about the investor meet dated May 28, 2026 and May 29, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
18 May - Audio recording of May 18, 2026 investor call on audited FY26 and Q4 results uploaded.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
18 May - Greenpanel Industries Limited submitted the newspaper publication dated May 17, 2026.
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Announcement under Regulation 30 (LODR)-Investor Presentation
15 May - Greenpanel Industries Limited submitted the investor presentation for the quarter and year ended March 31, 2026.
Annual reports
Concalls
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May 2026Transcript PPT
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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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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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Jul 2022Transcript PPT
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May 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 2020TranscriptAI SummaryPPT
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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]