Greenply Industries Ltd

Greenply Industries Ltd

₹ 289 -1.09%
07 Nov - 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 3,613 Cr.
  • Current Price 289
  • High / Low 356 / 229
  • Stock P/E 44.1
  • Book Value 67.8
  • Dividend Yield 0.17 %
  • ROCE 12.4 %
  • ROE 12.0 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 4.27 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
495 428 427 430 568 582 600 584 640 614 649 601 689
447 398 399 404 519 532 543 531 587 561 602 548 638
Operating Profit 48 30 28 27 48 50 57 53 53 54 46 52 51
OPM % 10% 7% 7% 6% 8% 9% 10% 9% 8% 9% 7% 9% 7%
1 13 4 -3 -2 16 4 6 2 3 6 18 2
Interest 7 6 3 8 12 15 9 10 14 5 13 19 13
Depreciation 9 10 8 11 14 15 15 15 15 15 15 15 16
Profit before tax 33 27 22 5 21 37 38 34 26 36 24 36 23
Tax % 28% -32% 50% 82% 33% 26% 25% 2% 32% 33% 32% 21% 31%
24 36 11 1 14 27 28 33 18 24 17 28 16
EPS in Rs 1.92 2.93 0.90 0.07 1.13 2.17 2.29 2.67 1.42 1.96 1.32 2.28 1.28
Raw PDF

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 2,553
1,945 1,355 1,403 1,421 848 1,266 1,265 1,050 1,413 1,530 1,994 2,284 2,349
Operating Profit 272 211 243 247 64 146 156 115 150 133 185 204 204
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 50
Depreciation 60 47 50 51 18 22 26 23 26 26 55 60 61
Profit before tax 153 141 170 181 124 111 61 81 125 111 100 117 120
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 85
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 6.84
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: 6%
Compounded Profit Growth
10 Years: -2%
5 Years: 2%
3 Years: -1%
TTM: -19%
Stock Price CAGR
10 Years: 7%
5 Years: 26%
3 Years: 21%
1 Year: -19%
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 Sep 2025
Equity Capital 12 12 12 12 12 12 12 12 12 12 12 12 12
Reserves 572 474 602 760 865 323 366 424 526 632 697 796 834
748 332 270 446 712 250 279 203 309 695 549 515 542
488 331 316 356 521 302 305 275 311 341 405 627 496
Total Liabilities 1,820 1,149 1,200 1,575 2,111 887 962 915 1,159 1,680 1,663 1,951 1,885
699 533 542 526 580 252 314 308 353 459 865 857 886
CWIP 117 14 9 269 770 17 5 6 110 513 12 44 25
Investments 0 35 29 26 18 22 24 23 26 6 43 67 65
1,004 567 620 754 742 596 619 578 671 702 742 983 909
Total Assets 1,820 1,149 1,200 1,575 2,111 887 962 915 1,159 1,680 1,663 1,951 1,885

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%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
52.32% 52.32% 52.14% 52.12% 51.97% 52.00% 52.01% 52.01% 51.66% 51.69% 51.69% 51.69%
2.32% 2.16% 2.15% 2.07% 4.10% 4.13% 4.91% 5.60% 5.76% 5.42% 4.52% 4.49%
32.94% 32.87% 32.41% 32.39% 29.76% 30.31% 30.33% 30.66% 30.91% 31.05% 32.41% 32.41%
12.42% 12.65% 13.29% 13.41% 14.16% 13.54% 12.75% 11.73% 11.69% 11.85% 11.38% 11.42%
No. of Shareholders 48,17050,07647,71049,20446,17951,37548,07354,00752,91853,46553,18252,563

* 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

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