Greenply Industries Ltd
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]
- Market Cap ₹ 3,854 Cr.
- Current Price ₹ 309
- High / Low ₹ 408 / 229
- Stock P/E 46.2
- Book Value ₹ 64.8
- Dividend Yield 0.16 %
- ROCE 12.4 %
- ROE 12.0 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 4.77 times its book value
- Company has a low return on equity of 11.4% over last 3 years.
- Dividend payout has been low at 7.46% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,217 | 1,567 | 1,646 | 1,668 | 912 | 1,412 | 1,420 | 1,165 | 1,563 | 1,663 | 2,180 | 2,488 | 2,505 | |
1,945 | 1,355 | 1,403 | 1,421 | 848 | 1,266 | 1,265 | 1,050 | 1,413 | 1,530 | 1,994 | 2,284 | 2,299 | |
Operating Profit | 272 | 211 | 243 | 247 | 64 | 146 | 156 | 115 | 150 | 133 | 185 | 204 | 206 |
OPM % | 12% | 13% | 15% | 15% | 7% | 10% | 11% | 10% | 10% | 8% | 9% | 8% | 8% |
4 | 15 | 7 | 4 | 86 | 6 | -48 | 6 | 12 | 12 | 12 | 16 | 28 | |
Interest | 64 | 38 | 31 | 19 | 8 | 19 | 21 | 17 | 12 | 9 | 43 | 43 | 51 |
Depreciation | 60 | 47 | 50 | 51 | 18 | 22 | 26 | 23 | 26 | 26 | 55 | 60 | 61 |
Profit before tax | 153 | 141 | 170 | 181 | 124 | 111 | 61 | 81 | 125 | 111 | 100 | 117 | 122 |
Tax % | 23% | 12% | 24% | 31% | 11% | 28% | 22% | 25% | 24% | 17% | 30% | 22% | |
118 | 124 | 128 | 125 | 111 | 80 | 47 | 61 | 95 | 91 | 70 | 92 | 87 | |
EPS in Rs | 9.76 | 10.31 | 10.63 | 10.23 | 9.02 | 6.50 | 3.85 | 4.97 | 7.73 | 7.44 | 5.66 | 7.34 | 6.98 |
Dividend Payout % | 6% | 6% | 6% | 6% | 7% | 6% | 10% | 8% | 6% | 7% | 9% | 7% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 12% |
3 Years: | 17% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | -2% |
5 Years: | 2% |
3 Years: | -1% |
TTM: | -18% |
Stock Price CAGR | |
---|---|
10 Years: | 7% |
5 Years: | 28% |
3 Years: | 17% |
1 Year: | -20% |
Return on Equity | |
---|---|
10 Years: | 16% |
5 Years: | 13% |
3 Years: | 11% |
Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
Reserves | 572 | 474 | 602 | 760 | 865 | 323 | 366 | 424 | 526 | 632 | 697 | 796 |
748 | 332 | 270 | 446 | 712 | 250 | 279 | 203 | 309 | 695 | 549 | 515 | |
488 | 331 | 316 | 356 | 521 | 302 | 305 | 275 | 311 | 341 | 405 | 627 | |
Total Liabilities | 1,820 | 1,149 | 1,200 | 1,575 | 2,111 | 887 | 962 | 915 | 1,159 | 1,680 | 1,663 | 1,951 |
699 | 533 | 542 | 526 | 580 | 252 | 314 | 308 | 353 | 459 | 865 | 857 | |
CWIP | 117 | 14 | 9 | 269 | 770 | 17 | 5 | 6 | 110 | 513 | 12 | 44 |
Investments | 0 | 35 | 29 | 26 | 18 | 22 | 24 | 23 | 26 | 6 | 43 | 67 |
1,004 | 567 | 620 | 754 | 742 | 596 | 619 | 578 | 671 | 702 | 742 | 983 | |
Total Assets | 1,820 | 1,149 | 1,200 | 1,575 | 2,111 | 887 | 962 | 915 | 1,159 | 1,680 | 1,663 | 1,951 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
189 | 187 | 191 | 212 | 113 | 98 | 58 | 228 | 92 | 62 | 111 | 219 | |
-172 | -105 | -63 | -363 | -328 | -89 | -58 | -124 | -130 | -410 | -144 | -147 | |
-23 | -82 | -100 | 190 | 164 | -28 | -19 | -92 | 80 | 318 | 47 | -83 | |
Net Cash Flow | -6 | 1 | 28 | 39 | -50 | -19 | -20 | 12 | 42 | -30 | 14 | -11 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 61 | 60 | 74 | 65 | 114 | 79 | 92 | 61 | 44 | 50 | 42 | 47 |
Inventory Days | 121 | 76 | 55 | 65 | 150 | 72 | 77 | 96 | 88 | 98 | 96 | 127 |
Days Payable | 100 | 92 | 99 | 86 | 142 | 99 | 101 | 109 | 84 | 86 | 92 | 132 |
Cash Conversion Cycle | 82 | 45 | 30 | 45 | 122 | 52 | 68 | 47 | 47 | 63 | 46 | 43 |
Working Capital Days | 5 | 17 | 24 | 10 | -0 | 13 | 15 | 7 | 4 | 29 | 22 | 23 |
ROCE % | 18% | 15% | 24% | 19% | 10% | 12% | 21% | 15% | 18% | 11% | 11% | 12% |
Documents
Announcements
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Monthly Report For The Month Of July 2025 On Re-Lodgement Of Transfer Requests Of Physical Shares Pursuant To SEBI Circular No. SEBI/HO/MIRSD/MIRSD-Pod/P/CIR/2025/97 Dated July,2, 2025
27 Aug - RTA reports NIL re-lodgement transfer requests for July 2025 under SEBI special window.
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 For Appointment Of Secretarial Auditors Of The Company.
25 Aug - SP & SA Associates appointed secretarial auditors for FY2025-26 to FY2029-30.
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Proceedings Of 35Th Annual General Meeting
25 Aug - 25 Aug 2025 AGM: adopted FY2024-25 financials; declared Re.0.50/share (Rs.6,24,40,397.50) dividend; reappointed Rajesh Mittal.
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Details Of Voting Results Of The 35Th Annual General Meeting Of The Company Held On Monday, The August 25, 2025 As Per Regulation 44 Of The SEBI (LODR) Regulations, 2015.
25 Aug - AGM 25 Aug 2025: FY25 audited financials adopted; dividend Re0.50/share; Rajesh Mittal reappointed; secretarial auditors appointed.
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
25 Aug - 25 Aug 2025 AGM: approved FY2024-25 financials; final dividend Re.0.50/share; Rajesh Mittal re-appointed; secretarial auditors appointed.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Aug 2025Transcript PPT
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May 2025Transcript PPT REC
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May 2022TranscriptNotesPPT
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Dec 2019Transcript PPT
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Nov 2019TranscriptNotesPPT
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Dec 2018Transcript PPT
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Feb 2018TranscriptNotesPPT
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Dec 2017Transcript PPT
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Nov 2017TranscriptNotesPPT
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Nov 2016Transcript PPT
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Aug 2016TranscriptPPT
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Jun 2016TranscriptPPT
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Product Portfolio
The Co.’s product portfolio comprises plywoods and blockboards, decorative veneers, flush doors, specialty plywood, and Polyvinyl Chloride (PVC) products. [1]