Consumer Durables
Valuation | |
|---|---|
| Market Cap | 2.75 kCr |
| Price/Earnings (Trailing) | 36.44 |
| Price/Sales (Trailing) | 1.04 |
| EV/EBITDA | 12.16 |
| Price/Free Cashflow | 26.88 |
| MarketCap/EBT | 18.29 |
| Enterprise Value | 3.26 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 0.30% |
| Price Change 1M | -16.1% |
| Price Change 6M | -28.8% |
| Price Change 1Y | -27.4% |
| 3Y Cumulative Return | 17.4% |
| 5Y Cumulative Return | 12.3% |
| 7Y Cumulative Return | 8% |
| 10Y Cumulative Return | 1.8% |
| Revenue (TTM) |
| 2.63 kCr |
| Rev. Growth (Yr) | 9.3% |
| Earnings (TTM) | 75.38 Cr |
| Earnings Growth (Yr) | -41.2% |
Profitability | |
|---|---|
| Operating Margin | 6% |
| EBT Margin | 6% |
| Return on Equity | 10.08% |
| Return on Assets | 4.53% |
| Free Cashflow Yield | 3.72% |
Cash Flow & Liquidity |
|---|
| Cash Flow from Investing (TTM) | -146.98 Cr |
| Cash Flow from Operations (TTM) | 218.68 Cr |
| Cash Flow from Financing (TTM) | -82.9 Cr |
| Cash & Equivalents | 5.29 Cr |
| Free Cash Flow (TTM) | 141.62 Cr |
| Free Cash Flow/Share (TTM) | 11.34 |
Balance Sheet | |
|---|---|
| Total Assets | 1.89 kCr |
| Total Liabilities | 1.04 kCr |
| Shareholder Equity | 847.11 Cr |
| Current Assets | 841 Cr |
| Current Liabilities | 637.59 Cr |
| Net PPE | 866.96 Cr |
| Inventory | 399.5 Cr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.27 |
| Debt/Equity | 0.61 |
| Interest Coverage | 2.13 |
| Interest/Cashflow Ops | 5.27 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 0.5 |
| Dividend Yield | 0.23% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 1.6% |
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Past Returns: In past three years, the stock has provided 17.4% return compared to 12.8% by NIFTY 50.
Balance Sheet: Strong Balance Sheet.
Insider Trading: There's significant insider buying recently.
Momentum: Stock has a weak negative price momentum.
Technicals: SharesGuru indicator is Bearish.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Past Returns: In past three years, the stock has provided 17.4% return compared to 12.8% by NIFTY 50.
Balance Sheet: Strong Balance Sheet.
Insider Trading: There's significant insider buying recently.
Momentum: Stock has a weak negative price momentum.
Technicals: SharesGuru indicator is Bearish.
Investor Care | |
|---|---|
| Dividend Yield | 0.23% |
| Dividend/Share (TTM) | 0.5 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 6.04 |
Financial Health | |
|---|---|
| Current Ratio | 1.32 |
| Debt/Equity | 0.61 |
Technical Indicators | |
|---|---|
| RSI (14d) | 32.83 |
| RSI (5d) | 46.3 |
| RSI (21d) | 30.74 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Sell |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
Summary of Greenply Industries's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Greenply Industries Limited's management provided an optimistic outlook during the Q2 and H1 FY '26 earnings conference call. They reported a consolidated quarterly revenue of INR 688.6 crores, reflecting a Y-o-Y growth of 7.5%. For the half-year, total revenue reached INR 1,289.4 crores, exhibiting a 5.3% increase compared to the previous year. The core EBITDA margin for the quarter was 8.2%, down from 9% YoY, leading to a half-year EBITDA of INR 118.4 crores, up 2.5% on a Y-o-Y basis.
Looking ahead, the management emphasized the continued positive momentum across segments, buoyed by BIS implementation and steady timber prices. They projected higher double-digit growth and a recovery in margins for the MDF segment, aiming for 16% margins in H2 FY '26. They also expressed confidence in achieving over 10% volume growth in plywood for the second half, subject to stronger demand driven by improvements in operational efficiency.
Notably, management outlined a refined marketing strategy, focusing on the premium green range and extending communications to the value segment with Ecotec products. They expect to achieve a consolidated net debt reduction from INR 510 crores through inventory liquidation.
Management underscored a cautious yet optimistic view on the MDF industry outlook, anticipating a reduction in imports from unorganized sectors and stronger brand positioning for Greenply. For the entire fiscal year, they provided long-term margins of 14.5%-15% for MDF and around 8.5%-8.6% for plywood. They plan for a capex of approximately INR 100 crores for key initiatives, including expansion, branding, and efficiency improvements, promising a robust rebound in both volume and margin performance in the upcoming quarters.
Understand Greenply Industries ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| SHAKUNTALA SAFEINVEST PRIVATE LIMITED (FORMERLY KNOWN AS SHOWAN INVESTMENT PRIVATE LIMITED) | 37.37% |
| MIRAE ASSET ELSS TAX SAVER FUND | 9.93% |
| RAJESH MITTAL ON BEHALF OF TRADE COMBINES, PARTNERSHIP FIRM | 9.38% |
| HDFC MULTI-ASSET ALLOCATION FUND | 7.07% |
| TATA MUTUAL FUND - TATA SMALL CAP FUND | 6.01% |
| MITTAL BUSINESS HOLDINGS TRUST (Trustee - Rajesh Mittal & Sanidhya Mittal) |
Detailed comparison of Greenply Industries against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| CENTURYPLY | Century Plyboards (India) | 17.46 kCr | 5.11 kCr | -3.80% | -9.50% | 73.71 | 3.42 | - | - |
| GREENLAM | Greenlam Industries | 6.59 kCr |
Comprehensive comparison against sector averages
GREENPLY metrics compared to Consumer
| Category | GREENPLY | Consumer |
|---|---|---|
| PE | 36.91 | 74.29 |
| PS | 1.06 | 2.26 |
| Growth | 7.4 % | 11 % |
Greenply Industries Limited, an interior infrastructure company, engages in the manufacture and trading of plywood and allied products in India and internationally. The company provides plywood and block boards, decorative veneers, flush doors, specialty plywoods, PVC products, and medium density fiberboards. It operates through a network of distributors, dealers, and retailers. The company was formerly known as Mittal Laminates Private Limited and changed its name to Greenply Industries Limited in 1995. Greenply Industries Limited was founded in 1984 and is based in Kolkata, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
GREENPLY vs Consumer (2021 - 2026)
Question 1: "After the implementation of BIS norms for the industry, have you seen any noticeable shift in demand from unorganized players to organized players, and could you highlight the benefits of BIS implementation for Greenply?"
Answer: We are seeing early signs of improvement post-BIS implementation, particularly a significant reduction in imports, which now account for only 3-4% of last year's figures. This indicates that the demand is shifting to organized players, and we remain optimistic that compliance will bolster our position in the market over time.
Question 2: "What is your demand and supply outlook for the MDF and plywood industry over the next 12 to 24 months?"
Answer: We expect strong demand in MDF and plywood, projecting a 10% volume growth in H2 FY '26 for plywood. Despite current challenges in the real estate sector and a slight decline in quarterly growth, we're investing in improving processes, which will foster greater market traction and confidence in our capacity to meet demand.
Question 3: "Can you clarify your expectations for MDF margins in H2 FY '26 under current conditions?"
Answer: We are committed to achieving 16% margins in H2 FY '26, despite facing competitive pressures. Although the plant shutdown in Q2 impacted margins, our operational efficiencies and increased capacity should support margin recovery and growth as we focus on value-added products.
Question 4: "Are you expecting any price hikes in the MDF market?"
Answer: We are not factoring in any price increases at this time. Our current outlook is based on stable raw material prices and operating efficiencies rather than on anticipated price hikes in the market.
Question 5: "What are your revenue and PAT targets for your furniture and fittings JV in H2 FY '26 and FY '27?"
Answer: We aim for a revenue run rate of INR 25-30 crores in H2 FY '26, targeting INR 100 crores in the next year. We are steadily increasing our dealer network and sales capacity in line with our growth strategy.
Question 6: "What is your capex guidance for FY '26 and FY '27?"
Answer: For FY '26, we expect a total capex of around INR 155-160 crores, including investments in our existing plants and the new Odisha plant. For FY '27, specifics will be discussed later as we finalize our spending pace in the current year.
Question 7: "Could you clarify your guidance for margins and growth projections for both plywood and MDF for FY '26?"
Answer: We expect around 10% volume growth for plywood in H2, with margins potentially reaching 10% if growth exceeds expectations. For MDF, we're targeting 16% margins, and a higher double-digit growth for the same period based on increased capacity and operational improvements.
The responses encapsulate key operational insights and future strategies, reflecting Greenply's confidence in navigating the upcoming fiscal periods.
| 4.71% |
| CANARA ROBECO MUTUAL FUND A/C CANARA ROBECO BALANCED ADVANTAGE FUND | 2.62% |
| BANDHAN AGGRESSIVE HYBRID FUND | 1.7% |
| SBI CONTRA FUND | 1.08% |
| RAJESH MITTAL & SONS, HUF | 0.13% |
| KARUNA INVESTMENT PRIVATE LIMITED | 0.13% |
| SANIDHYA MITTAL | 0.06% |
| STOCK BROKER | 0.05% |
| CLIENT MARGING TRADING /CLIENT COLLAATERAL ACCOUNT | 0.04% |
| RAJESH MITTAL | 0.01% |
| KARUNA MITTAL | 0.01% |
| SHOBHAN MITTAL | 0% |
| SANTOSH MITTAL | 0% |
| SHIV PRAKASH MITTAL | 0% |
| CHITWAN MITTAL | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| 2.88 kCr |
| -4.40% |
| -8.70% |
| 385.33 |
| 2.29 |
| - |
| - |
| RUSHIL | Rushil Decor | 589.47 Cr | 861.25 Cr | -10.20% | -30.00% | 57.4 | 0.68 | - | - |
| ARCHIDPLY | Archidply Industries | 182.7 Cr | 654.84 Cr | +0.30% | -15.00% | 38.64 | 0.28 | - | - |
| DUROPLY | DUROPLY INDUSTRIES | 164.32 Cr | 398.49 Cr | -12.80% | -30.40% | 15.58 | 0.42 | - | - |
| 641 |
| 661 |
| 573 |
| 609 |
| 581 |
| 612 |
| Profit Before exceptional items and Tax | 17.9% | 34 | 29 | 41 | 46 | 37 | 30 |
| Exceptional items before tax | - | -3.85 | 0 | 4.43 | 0 | 0 | 0 |
| Total profit before tax | 3.6% | 30 | 29 | 45 | 46 | 37 | 30 |
| Current tax | -13% | 7.85 | 8.87 | 6.84 | 8.48 | 8.86 | 9.49 |
| Deferred tax | 51.2% | -0.24 | -1.54 | 0.88 | -0.62 | -0.05 | -1.41 |
| Total tax | 4.4% | 7.61 | 7.33 | 7.72 | 7.86 | 8.82 | 8.08 |
| Total profit (loss) for period | -13.3% | 14 | 16 | 28 | 17 | 24 | 18 |
| Other comp. income net of taxes | 110.4% | 1.1 | 0.04 | -0.16 | 6.81 | -0.08 | 0.01 |
| Total Comprehensive Income | -6.7% | 15 | 16 | 28 | 23 | 24 | 18 |
| Earnings Per Share, Basic | -46.4% | 1.15 | 1.28 | 2.28 | 1.33 | 1.96 | 1.42 |
| Earnings Per Share, Diluted | -44.4% | 1.15 | 1.27 | 2.28 | 1.33 | 1.95 | 1.41 |
| 10.9% |
| 235 |
| 212 |
| 201 |
| 173 |
| 131 |
| 146 |
| Finance costs | -12.5% | 5.99 | 6.7 | 6.15 | 5.78 | 11 | 17 |
| Depreciation and Amortization | 0% | 22 | 22 | 21 | 19 | 17 | 21 |
| Other expenses | 9.6% | 309 | 282 | 244 | 230 | 181 | 223 |
| Total Expenses | 8.3% | 1,822 | 1,683 | 1,532 | 1,271 | 946 | 1,178 |
| Profit Before exceptional items and Tax | 19.8% | 134 | 112 | 135 | 119 | 78 | 96 |
| Exceptional items before tax | -163.4% | -6.61 | 13 | -6.77 | 0 | 0 | -49.97 |
| Total profit before tax | 1.6% | 127 | 125 | 128 | 119 | 78 | 46 |
| Current tax | -25% | 25 | 33 | 14 | 31 | 16 | 19 |
| Deferred tax | -44.9% | -2.55 | -1.45 | 5.26 | -0.88 | 4 | -6.01 |
| Total tax | -30% | 22 | 31 | 19 | 30 | 20 | 13 |
| Total profit (loss) for period | 13% | 105 | 93 | 109 | 89 | 58 | 33 |
| Other comp. income net of taxes | -72.6% | -0.07 | 0.38 | 0.38 | 0.3 | 0.29 | -1.07 |
| Total Comprehensive Income | 11.8% | 105 | 94 | 110 | 89 | 58 | 32 |
| Earnings Per Share, Basic | 13.7% | 8.47 | 7.57 | 8.9 | 7.24 | 4.72 | 2.66 |
| Earnings Per Share, Diluted | 14% | 8.41 | 7.5 | 8.82 | 7.24 | 4.72 | 2.66 |
| - |
| - |
| 0 |
| 0 |
| 0 |
| - |
| - |
| Non-current investments | 58.1% | 439 | 278 | 245 | 236 | 219 | 219 |
| Loans, non-current | -100.3% | 0.5 | 149 | 149 | 55 | 104 | 99 |
| Total non-current financial assets | 3.5% | 442 | 427 | 394 | 292 | 325 | 321 |
| Total non-current assets | 2% | 664 | 651 | 609 | 510 | 536 | 528 |
| Total assets | -4.1% | 1,323 | 1,380 | 1,207 | 1,133 | 1,062 | 952 |
| Borrowings, non-current | 219.1% | 16 | 5.7 | 0 | 0 | 2.14 | 3.65 |
| Total non-current financial liabilities | 66.7% | 21 | 13 | 7.16 | 7.03 | 11 | 13 |
| Provisions, non-current | -3.5% | 7.86 | 8.11 | 7.91 | 7.15 | 6.68 | 6.09 |
| Total non-current liabilities | 40% | 29 | 21 | 15 | 14 | 17 | 19 |
| Borrowings, current | -22.2% | 36 | 46 | 0.68 | 51 | 26 | 15 |
| Total current financial liabilities | -19.4% | 413 | 512 | 403 | 379 | 356 | 281 |
| Provisions, current | 77.3% | 4.44 | 2.94 | 2.95 | 1.94 | 8.27 | 7.15 |
| Current tax liabilities | 0% | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 |
| Total current liabilities | -18.1% | 434 | 530 | 419 | 395 | 374 | 304 |
| Total liabilities | -16% | 463 | 551 | 434 | 409 | 392 | 323 |
| Equity share capital | 0% | 12 | 12 | 12 | 12 | 12 | 12 |
| Total equity | 3.7% | 860 | 829 | 774 | 723 | 670 | 629 |
| Total equity and liabilities | -4.1% | 1,323 | 1,380 | 1,207 | 1,133 | 1,062 | 952 |
| -3.1% |
| 96 |
| 99 |
| 139 |
| 141 |
| - |
| - |
| Interest received | -9.5% | -14.42 | -13.08 | 0 | 0 | - | - |
| Income taxes paid (refund) | -22.9% | 28 | 36 | 3.22 | 32 | - | - |
| Net Cashflows From Operating Activities | 8.2% | 54 | 50 | 135 | 108 | - | - |
| Proceeds from sales of PPE | 325.7% | 2.49 | 1.35 | 1.49 | 19 | - | - |
| Purchase of property, plant and equipment | -22.7% | 18 | 23 | 16 | 22 | - | - |
| Purchase of investment property | - | 0 | 0 | 8.34 | 182 | - | - |
| Purchase of intangible assets | -219.4% | 0.01 | 0.69 | 0.66 | 9.55 | - | - |
| Proceeds from sales of long-term assets | - | 0 | 0 | 9.27 | 100 | - | - |
| Cash receipts from repayment of advances and loans made to other parties | -142.4% | 0 | 3.36 | 13 | 47 | - | - |
| Interest received | 18.2% | 14 | 12 | 3.37 | 6.48 | - | - |
| Other inflows (outflows) of cash | -442.1% | -8.58 | 3.8 | 2.65 | 1.63 | - | - |
| Net Cashflows From Investing Activities | 20.9% | -58.88 | -74.67 | -89.09 | -86.53 | - | - |
| Proceeds from issuing shares | 269.2% | 6.28 | 2.43 | 2.64 | 1.04 | - | - |
| Proceeds from borrowings | -90% | 6 | 51 | 0 | 0 | - | - |
| Repayments of borrowings | -68.3% | 4.81 | 13 | 25 | 15 | - | - |
| Payments of lease liabilities | 31.6% | 5.37 | 4.32 | 2.98 | 1.66 | - | - |
| Dividends paid | 0.4% | 6.19 | 6.17 | 6.14 | 4.91 | - | - |
| Interest paid | -24.7% | 4.11 | 5.13 | 5.52 | 4.94 | - | - |
| Net Cashflows from Financing Activities | -138.3% | -8.2 | 25 | -37.31 | -25.31 | - | - |
| Net change in cash and cash eq. | -2031.3% | -13.28 | 0.33 | 8.98 | -3.4 | - | - |
Analysis of Greenply Industries's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Plywood and allied products | 77.4% | 521.7 Cr |
| Medium density fibreboards and allied products | 22.6% | 152 Cr |
| Total | 673.7 Cr |