Greenply Industries Ltd

About [ edit ]

Greenply Industries is primarily involved in manufacturing of plywood and trading of plywood and allied products.

  • Market Cap 2,264 Cr.
  • Current Price 185
  • High / Low 204 / 70.2
  • Stock P/E 37.3
  • Book Value 31.2
  • Dividend Yield 0.22 %
  • ROCE 21.2 %
  • ROE 22.9 %
  • Face Value 1.00

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 5.92 times its book value
  • The company has delivered a poor sales growth of -1.94% over past five years.
  • Dividend payout has been low at 7.73% of profits over last 3 years

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
309 362 349 392 349 380 346 345 133 296 340
288 327 310 344 309 336 306 315 137 264 299
Operating Profit 21 35 39 48 40 45 40 30 -4 31 42
OPM % 7% 10% 11% 12% 12% 12% 11% 9% -3% 11% 12%
Other Income 1 2 0 1 0 0 0 -48 0 1 2
Interest 4 4 5 6 5 5 5 5 5 4 4
Depreciation 5 6 6 6 6 6 6 7 5 6 6
Profit before tax 12 27 29 38 30 33 29 -30 -14 23 34
Tax % 45% 36% 29% 21% 29% 20% 26% 29% 22% 19% 26%
Net Profit 12 18 21 30 21 26 21 -22 -11 19 25
EPS in Rs 0.94 1.43 1.70 2.42 1.71 2.15 1.74 -1.75 -0.92 1.51 2.04
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
768 889 1,261 1,708 2,047 2,217 1,567 1,646 1,668 912 1,412 1,420 1,113
692 811 1,145 1,530 1,776 1,945 1,357 1,403 1,421 848 1,266 1,265 1,015
Operating Profit 76 77 116 178 272 272 210 243 247 64 146 156 99
OPM % 10% 9% 9% 10% 13% 12% 13% 15% 15% 7% 10% 11% 9%
Other Income 7 21 3 4 5 4 17 7 4 86 6 -48 -45
Interest 23 27 48 65 66 64 38 31 19 8 19 21 18
Depreciation 17 22 42 48 54 60 47 50 51 18 22 26 23
Profit before tax 43 48 29 68 157 153 141 170 181 124 111 61 12
Tax % 17% 15% 20% 17% 24% 23% 12% 24% 31% 11% 28% 22%
Net Profit 36 41 23 57 120 118 124 128 125 111 80 47 11
EPS in Rs 3.22 3.68 1.95 4.71 9.93 9.76 10.31 10.63 10.23 9.02 6.50 3.85 0.88
Dividend Payout % 7% 8% 10% 9% 6% 6% 6% 6% 6% 7% 6% 10%
Compounded Sales Growth
10 Years:5%
5 Years:-2%
3 Years:-5%
TTM:-24%
Compounded Profit Growth
10 Years:7%
5 Years:-6%
3 Years:-14%
TTM:-38%
Stock Price CAGR
10 Years:22%
5 Years:4%
3 Years:-12%
1 Year:57%
Return on Equity
10 Years:19%
5 Years:18%
3 Years:16%
Last Year:23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
8 11 12 12 12 12 12 12 12 12 12 12 12
Reserves 171 251 299 351 462 572 474 602 760 865 323 366 370
Borrowings 264 441 625 706 686 748 332 270 446 712 250 279 171
201 309 237 308 412 488 331 316 356 521 302 305 297
Total Liabilities 644 1,011 1,173 1,376 1,572 1,820 1,149 1,200 1,575 2,111 887 962 851
200 544 612 632 665 699 533 542 526 580 252 314 315
CWIP 52 13 11 14 23 117 14 9 269 770 17 5 5
Investments 0 0 0 0 0 0 35 29 26 18 22 24 22
392 454 551 731 883 1,004 567 620 754 742 596 619 510
Total Assets 644 1,011 1,173 1,376 1,572 1,820 1,149 1,200 1,575 2,111 887 962 851

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
23 127 19 44 184 189 187 191 212 113 98 58
-80 -325 -104 -57 -86 -172 -105 -63 -363 -328 -89 -58
62 193 88 12 -94 -23 -82 -100 190 164 -28 -19
Net Cash Flow 5 -5 3 -2 4 -6 1 28 39 -50 -19 -20

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 17% 13% 10% 14% 20% 18% 15% 24% 19% 10% 12% 21%
Debtor Days 62 67 60 68 62 61 60 74 65 114 79 92
Inventory Turnover 3.05 2.97 3.66 4.16 3.93 3.51 3.17 5.99 6.40 2.99 4.37 4.95

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
51.03 51.03 51.03 51.03 51.03 51.03 51.70 51.80 52.01 52.02 52.02 52.20
11.69 11.85 11.85 11.85 10.90 10.98 10.97 10.91 10.82 10.79 7.28 1.54
19.32 19.16 19.48 20.02 20.51 20.88 22.21 22.81 22.88 22.99 24.02 26.27
17.96 17.96 17.64 17.10 17.56 17.11 15.12 14.48 14.28 14.21 16.68 19.99

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