Greenply Industries Ltd

Greenply Industries Ltd

₹ 137 0.48%
29 Mar - 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 1,686 Cr.
  • Current Price 137
  • High / Low 232 / 134
  • Stock P/E 16.8
  • Book Value 47.3
  • Dividend Yield 0.36 %
  • ROCE 18.4 %
  • ROE 19.4 %
  • Face Value 1.00

Pros

  • Debtor days have improved from 65.3 to 43.5 days.

Cons

  • The company has delivered a poor sales growth of -1.29% over past five years.
  • Company might be capitalizing the interest cost

* 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

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
346 345 133 296 340 397 261 432 421 449 454 495 428
306 315 137 264 299 351 248 383 378 404 414 447 398
Operating Profit 40 30 -4 31 42 45 13 50 43 45 40 48 30
OPM % 11% 9% -3% 11% 12% 11% 5% 11% 10% 10% 9% 10% 7%
0 -48 0 1 2 4 2 2 5 3 2 1 13
Interest 5 5 5 4 4 4 3 3 3 2 5 7 6
Depreciation 6 7 5 6 6 6 6 6 7 7 8 9 10
Profit before tax 29 -30 -14 23 34 39 6 42 39 38 28 33 27
Tax % 26% 29% 22% 19% 26% 27% 28% 24% 24% 25% 27% 28% -32%
Net Profit 21 -22 -11 19 25 29 4 32 30 29 21 24 36
EPS in Rs 1.74 -1.75 -0.92 1.51 2.04 2.34 0.33 2.60 2.43 2.36 1.69 1.92 2.93
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,261 1,708 2,047 2,217 1,567 1,646 1,668 912 1,412 1,420 1,165 1,563 1,825
1,145 1,530 1,776 1,945 1,355 1,403 1,421 848 1,266 1,265 1,050 1,413 1,663
Operating Profit 116 178 272 272 211 243 247 64 146 156 115 150 162
OPM % 9% 10% 13% 12% 13% 15% 15% 7% 10% 11% 10% 10% 9%
3 4 5 4 15 7 4 86 6 -48 6 12 19
Interest 48 65 66 64 38 31 19 8 19 21 17 12 21
Depreciation 42 48 54 60 47 50 51 18 22 26 23 26 33
Profit before tax 29 68 157 153 141 170 181 124 111 61 81 125 127
Tax % 20% 17% 24% 23% 12% 24% 31% 11% 28% 22% 25% 24%
Net Profit 23 57 120 118 124 128 125 111 80 47 61 95 109
EPS in Rs 1.95 4.71 9.93 9.76 10.31 10.63 10.23 9.02 6.50 3.85 4.97 7.73 8.90
Dividend Payout % 10% 9% 6% 6% 6% 6% 6% 7% 6% 10% 8% 6%
Compounded Sales Growth
10 Years: -1%
5 Years: -1%
3 Years: 3%
TTM: 21%
Compounded Profit Growth
10 Years: 5%
5 Years: -6%
3 Years: 5%
TTM: 6%
Stock Price CAGR
10 Years: 9%
5 Years: -12%
3 Years: 21%
1 Year: -29%
Return on Equity
10 Years: 19%
5 Years: 16%
3 Years: 19%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
12 12 12 12 12 12 12 12 12 12 12 12 12
Reserves 299 351 462 572 474 602 760 865 323 366 424 526 569
625 706 686 748 332 270 446 712 250 279 203 309 528
237 308 412 488 331 316 356 521 302 305 275 311 346
Total Liabilities 1,173 1,376 1,572 1,820 1,149 1,200 1,575 2,111 887 962 915 1,159 1,455
612 632 665 699 533 542 526 580 252 314 308 353 443
CWIP 11 14 23 117 14 9 269 770 17 5 6 110 257
Investments 0 0 0 0 35 29 26 18 22 24 23 26 25
551 731 883 1,004 567 620 754 742 596 619 578 671 730
Total Assets 1,173 1,376 1,572 1,820 1,149 1,200 1,575 2,111 887 962 915 1,159 1,455

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
19 44 184 189 187 191 212 113 98 58 228 92
-104 -57 -86 -172 -105 -63 -363 -328 -89 -58 -124 -130
88 12 -94 -23 -82 -100 190 164 -28 -19 -92 80
Net Cash Flow 3 -2 4 -6 1 28 39 -50 -19 -20 12 42

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 60 68 62 61 60 74 65 114 79 92 61 44
Inventory Days 118 106 110 121 76 55 65 150 72 77 96 88
Days Payable 82 77 92 100 92 99 86 142 99 101 109 84
Cash Conversion Cycle 95 97 80 82 45 30 45 122 52 68 47 47
Working Capital Days 67 85 64 63 48 47 38 79 50 62 45 40
ROCE % 10% 14% 20% 18% 15% 24% 19% 10% 12% 21% 15% 18%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
52.01 52.02 52.02 52.20 52.20 52.22 52.25 52.25 52.31 52.29 52.32 52.32
10.82 10.79 7.28 1.54 1.99 1.77 2.68 3.55 3.58 3.40 3.18 2.32
22.88 22.99 24.02 26.27 28.16 31.51 29.77 31.25 31.98 33.41 32.91 32.94
14.28 14.21 16.68 19.99 17.65 14.50 15.30 12.95 12.14 10.90 11.57 12.42

* 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