Greenply Industries Ltd

Greenply Industries Ltd

₹ 265 2.99%
19 Apr - close price
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]

  • Market Cap 3,274 Cr.
  • Current Price 265
  • High / Low 285 / 140
  • Stock P/E 38.3
  • Book Value 54.2
  • Dividend Yield 0.19 %
  • ROCE 23.2 %
  • ROE 20.2 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
310 359 213 376 373 414 395 432 399 417 405 466 442
273 317 204 333 335 374 361 393 369 382 378 436 415
Operating Profit 37 42 9 43 38 40 33 38 31 36 26 30 27
OPM % 12% 12% 4% 11% 10% 10% 8% 9% 8% 9% 6% 6% 6%
2 4 3 3 4 4 3 3 15 -4 6 7 17
Interest 2 2 2 1 1 1 1 2 1 2 2 2 1
Depreciation 4 5 4 5 5 5 5 5 5 5 5 5 6
Profit before tax 33 39 6 40 36 38 29 35 40 25 26 30 37
Tax % 26% 27% 27% 26% 25% 25% 26% 27% -21% 43% 25% 26% 25%
24 29 4 30 27 29 22 25 48 14 19 22 27
EPS in Rs 1.98 2.35 0.35 2.41 2.16 2.33 1.78 2.07 3.90 1.15 1.55 1.79 2.22
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
1,644 2,000 2,160 1,564 1,714 1,663 891 1,284 1,268 1,015 1,377 1,643 1,730
1,472 1,739 1,895 1,355 1,468 1,408 819 1,162 1,139 918 1,246 1,505 1,611
Operating Profit 172 262 265 209 247 256 72 122 128 98 130 138 119
OPM % 10% 13% 12% 13% 14% 15% 8% 10% 10% 10% 9% 8% 7%
4 5 3 15 5 2 99 4 -44 8 13 17 26
Interest 64 64 61 38 30 18 6 15 17 11 6 6 7
Depreciation 47 52 58 47 49 49 15 19 21 17 19 21 22
Profit before tax 65 151 149 139 173 191 149 93 46 78 119 128 117
Tax % 18% 25% 23% 12% 24% 29% 9% 34% 29% 26% 25% 15%
53 114 114 122 131 135 136 61 33 58 89 109 83
EPS in Rs 4.43 9.47 9.50 10.11 10.87 11.02 11.07 5.00 2.66 4.73 7.24 8.90 6.71
Dividend Payout % 9% 6% 6% 6% 6% 5% 5% 8% 15% 8% 7% 6%
Compounded Sales Growth
10 Years: -2%
5 Years: 13%
3 Years: 9%
TTM: 6%
Compounded Profit Growth
10 Years: 0%
5 Years: -4%
3 Years: 22%
TTM: -26%
Stock Price CAGR
10 Years: 15%
5 Years: 13%
3 Years: 10%
1 Year: 83%
Return on Equity
10 Years: 19%
5 Years: 16%
3 Years: 19%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 359 465 571 472 601 775 903 319 345 398 496 617 658
684 642 674 332 255 426 652 144 155 70 51 30 40
258 407 466 331 320 320 489 297 282 257 288 292 352
Total Liabilities 1,314 1,526 1,723 1,146 1,188 1,533 2,056 772 793 737 846 952 1,062
619 652 685 533 530 501 483 169 200 191 185 184 186
CWIP 14 23 95 14 9 216 770 6 4 5 1 7 4
Investments 9 18 31 33 38 72 76 42 44 45 228 219 219
672 833 911 567 611 743 727 556 545 496 432 542 652
Total Assets 1,314 1,526 1,723 1,146 1,188 1,533 2,056 772 793 737 846 952 1,062

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
30 212 205 187 205 217 132 130 35 218 108 135
-51 -93 -160 -104 -68 -364 -305 -61 -19 -114 -87 -89
19 -115 -52 -82 -111 187 132 -81 -24 -99 -25 -37
Net Cash Flow -3 3 -7 1 25 40 -41 -12 -8 5 -3 9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 65 63 59 60 71 66 116 81 89 59 42 43
Inventory Days 102 101 109 76 51 66 140 64 68 79 75 60
Days Payable 61 90 94 92 92 86 137 110 103 121 96 84
Cash Conversion Cycle 106 73 74 45 30 46 119 35 53 17 21 20
Working Capital Days 79 59 56 48 44 42 82 44 56 27 21 26
ROCE % 13% 20% 18% 16% 25% 20% 12% 11% 23% 18% 24% 23%

Shareholding Pattern

Numbers in percentages

8 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
52.20% 52.22% 52.25% 52.25% 52.31% 52.29% 52.32% 52.32% 52.32% 52.14% 52.12% 51.97%
1.99% 1.77% 2.68% 3.55% 3.58% 3.40% 3.18% 2.32% 2.16% 2.15% 2.07% 4.10%
28.16% 31.51% 29.77% 31.25% 31.98% 33.41% 32.91% 32.94% 32.87% 32.41% 32.39% 29.76%
17.65% 14.50% 15.30% 12.95% 12.14% 10.90% 11.57% 12.42% 12.65% 13.29% 13.41% 14.16%
No. of Shareholders 29,05633,18942,48539,27941,38540,79643,00948,17050,07647,71049,20446,179

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls