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Greenply Industries Ltd

₹ 2491.93%
14 Jan – close price
🔗greenply.com•BSE: 526797•NSE: GREENPLY
Market Cap₹ 3,105 Cr.
Current Price₹ 249
High / Low₹ 352
Stock P/E33.8
Book Value₹ 68.8
Dividend Yield0.20 %
ROCE16.6 %
ROE14.1 %
Face Value₹ 1.00
Sales₹ 1,920 Cr.
OPM5.29 %
Mar Cap₹ 3,105 Cr.

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 PortfolioThe Co.’s product portfolio comprises plywoods and blockboards, decorative veneers, flush doors, specialty plywood, and Polyvinyl Chloride (PVC) products.[1]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsJv Partnerships AcquisitionsRevenue Guidance Vs ActualsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Century Plyboard761.5573.0316919.580.1370.9572.421385.5317.0610.384893.6911.58231.6868.906.864.790.67
2.Greenlam Industr241.84194.286170.490.1731.77-6.61808.2618.727.412765.869.9831.7632.335.432.331.03
3.Stylam Industrie2224.2030.163769.590.0037.339.47292.4011.3127.411095.1818.12124.9737.335.2117.560.00
4.Greenply Industr248.6533.763105.330.2018.20-30.45521.053.8416.631919.515.2991.9718.203.618.720.07
5.Greenpanel Inds.216.60–2656.110.14-6.12-133.08395.9717.544.481458.115.09-2.85-6.121.923.580.30
6.Rushil Decor21.4942.01630.550.475.97-48.53233.242.0210.13849.738.4015.015.970.994.010.44
7.Duroply Indust.166.6025.71180.730.002.41382.00104.4915.067.23394.205.247.032.411.192.450.52
–Median: 12 Co.154.9937.88405.640.073.231.43204.4816.068.15742.936.867.763.232.313.220.53

Quarterly Results

Standalone figures in ₹ crores

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
432399417405466442454439502462498438521
Expenses
393369382378436415425419472436467417497
Operating Profit
38313626302729203026312124
Other Income
315-46717111612139119
Profit before tax
35402526303733283532312425
Tax %
27%-21%43%25%26%25%24%-4%26%25%20%22%26%
Net Profit
25481419222725302624251918
EPS in Rs
2.073.901.151.551.792.222.002.392.111.952.001.491.46

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
2,1601,5641,7141,6638911,2841,2681,0151,3771,6431,7671,9011,920
Expenses
1,8951,3551,4681,4088191,1621,1399181,2461,5051,6551,7941,818
Operating Profit
2652092472567212212898130138112107102
Other Income
31552994-4481317414942
Interest
61383018615171166768
Depreciation
58474949151921171921222223
Profit before tax
149139173191149934678119128125127112
Net Profit
114122131135136613358891099310586
EPS in Rs
9.5010.1110.8711.0211.075.002.664.737.248.907.558.416.90
Dividend Payout %
6%6%6%5%5%8%15%8%7%6%7%6%–

Compounded Sales Growth

10 Years:2%
5 Years:8%
3 Years:11%
TTM:4%

Compounded Profit Growth

10 Years:0%
5 Years:11%
3 Years:7%
TTM:-7%

Stock Price CAGR

10 Years:5%
5 Years:15%
3 Years:20%
1 Year:-16%

Return on Equity

10 Years:17%
5 Years:16%
3 Years:15%
Last Year:14%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
12121212121212121212121212
Reserves
571472601775903319345398496617711817847
Borrowings
674332255426652144155705125616362
Other Liabilities
466331320320489297282257288298348488402
Total Liabilities
1,7231,1461,1881,5332,0567727937378469521,1331,3801,323
Fixed Assets
685533530501483169200191185184190190187
Gross Block
949.49726.31761.77770.08785.59273.64320.70323.21331.18341.61365.91378.26–
Accumulated Depreciation
264.19193.27231.41268.78302.61105.10120.75131.91145.96157.94175.75188.36–
CWIP
9514921677064517442
Investments
3133387276424445228219236278439
Other Assets
911567611743727556545496432542702909696
Total Assets
1,7231,1461,1881,5332,0567727937378469521,1331,3801,323

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
205187205217132130352181081355054
Cash from Investing Activity
-160-104-68-364-305-61-19-114-87-89-75-59
Cash from Financing Activity
-52-82-111187132-81-24-99-25-3725-8
Net Cash Flow
-712540-41-12-85-390-13

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
5960716611681895942434756
Inventory Days
109765166140646879756072106
Days Payable
94929286137110103121968494126
Cash Conversion Cycle
7445304611935531721202537
Working Capital Days
71723161317251612224335
ROCE %
18%16%25%20%12%11%23%18%24%23%16%17%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
52.32%52.32%52.14%52.12%51.97%52.00%52.01%52.01%51.66%51.69%51.69%51.69%
FIIs
2.32%2.16%2.15%2.07%4.10%4.13%4.91%5.60%5.76%5.42%4.52%4.49%
DIIs
32.94%32.87%32.41%32.39%29.76%30.31%30.33%30.66%30.91%31.05%32.41%32.41%
Public
12.42%12.65%13.29%13.41%14.16%13.54%12.75%11.73%11.69%11.85%11.38%11.42%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Greenply Industries Allots 14,250 ESOP Shares, Boosting Share Capital

1st April 2026, 12:00 am

Greenply Industries receives State Tax order confirming tax, interest, and penalty demands

31st March 2026, 8:30 pm

Greenply Industries: Promoter Group Acquires Additional Shares, Stake Rises to 37.43%

28th March 2026, 9:04 pm

Greenply Industries Announces VP Marketing Resignation Effective March 2026

25th March 2026, 12:15 am

Greenply Industries Announces Trading Window Closure for Financial Results

23rd March 2026, 10:32 pm

Published by Other Websites

External media mentions & references

West Asia Conflict Triggers Cost Shock: Durables, Building Stocks Plunge

24th March 2026, 12:26 pm

Anand Rathi Initiates Building Materials Coverage; Supreme, Cera Top Picks

17th March 2026, 11:28 am

Iron Dome Stocks: 10 Indian Buys Promise 75% Upside Amid Turmoil

9th March 2026, 10:49 am

HAL Bags ₹5000 Cr Defense Contract; M&M, Tata Motors Clarify Export Orders; IT Searches Hit Greenlam

4th March 2026, 3:50 am

Greenply Industries Faces Income Tax Search; Operations Unaffected

3rd March 2026, 11:22 am

News Articles

Editorial & research coverage

Fund Manager REVEALS Top Stock Picks! Fort Capital's Parag Thakkar on Indian Financials, Real Estate & Growth Bets
Fund Manager REVEALS Top Stock Picks! Fort Capital's Parag Thakkar on Indian Financials, Real Estate & Growth Bets

23rd December 2025, 3:59 pm

Greenply Industries Soars on JM Financial's Bullish Call! ₹370 Target Sparks Investor Frenzy!
Greenply Industries Soars on JM Financial's Bullish Call! ₹370 Target Sparks Investor Frenzy!

1st December 2025, 10:13 am

Greenply Industries Shocks Market: ₹800 Crore Mega-Capex to Reclaim Plywood Dominance!
Greenply Industries Shocks Market: ₹800 Crore Mega-Capex to Reclaim Plywood Dominance!

21st November 2025, 6:08 pm

Greenply Industries Beats Expectations: Q2 Results Spark Investor Excitement!
Greenply Industries Beats Expectations: Q2 Results Spark Investor Excitement!

11th November 2025, 7:17 pm

Greenply Revenue Climbs 9.6%, But Profit Plunges 41% Amid Expansion
Greenply Revenue Climbs 9.6%, But Profit Plunges 41% Amid Expansion

Documents

Announcements

Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015

9 Jan - State Tax Officer ordered CGST demand Rs9,89,288; interest Rs10,66,480; penalty Rs9,89,288 for FY2019-20 (08‑Jan‑2026).

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

8 Jan - RTA certificate confirming dematerialisation and register substitution for quarter ended 31 December 2025.

Announcement under Regulation 30 (LODR)-Newspaper Publication

6 Jan - Newspaper Publication- Public Notice to the Shareholders regarding opening of Special Window for Re-lodgement of Transfer Request of Physical Shares of Greenply Industries Limited.

Monthly Report For The Month Of December 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

5 Jan - Dec 2025 re-lodgement report: zero physical transfer requests; report dated 05-Jan-2026.

Announcement under Regulation 30 (LODR)-Newspaper Publication

31 Dec - Newspaper Publication regarding intimation of result of Postal Ballot.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

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

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2011

(from nse)

Credit Ratings

Rating update

18 Dec from fitch

Rating update

7 Jul 2025 from care

Rating update

19 Dec 2024 from fitch

Rating update

23 Sep 2024 from care

Rating update

22 Dec 2023 from fitch

Rating update

9 Oct 2023 from care

Concalls

Nov 2025

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Stock Analysis

Description

Greenply Industries Limited is a prominent Indian manufacturer specializing in panel products, including plywood, block boards, decorative veneers, and doors, holding a significant share in the organized plywood market.

Key Growth Triggers

  1. Expansion of MDF capacity.
  2. Focus on developing value-added products.
  3. Growth initiatives in new hardware and WPC/PVC businesses.

Order Book

Currently no data available for Order Book.

Key Red Flags

  1. Received a tax demand order from the State Tax Officer, Ahmedabad, for FY 2019-20.
  2. The order includes a tax demand of ₹9.89 lakhs, interest of ₹10.66 lakhs, and a penalty of ₹9.89 lakhs due to alleged wrong ITC availment.

Key Dates To Watch

  1. Company plans to file an appeal against the tax order within prescribed timelines.

Corporate Announcements

31st Mar 26
Impact Rating: 5
On March 31, 2026, Greenply Industries Limited allotted 14,250 ESOP shares of Re.1 face value, increasing its total issued shares to 12,49,02,045.
31st Mar 26
Impact Rating: 7
Greenply Industries was intimated about an order from the West Bengal State Tax authority for FY 2019-20. The order confirms a tax demand of ₹75.82 lakh (paid under protest), interest of ₹90.86 lakh, and penalty of ₹75.82 lakh.
28th Mar 26
Impact Rating: 7
In a regulatory update, Greenply Industries announced that its promoter group, through Shakuntala Safeinvest Private Limited, acquired 51,000 shares via open market transactions, nudging their total shareholding up to 37.43%.
24th Mar 26
Impact Rating: 5
Greenply Industries Limited has accepted the resignation of Mr. Yatnesh Pandey, Vice President - Marketing and Senior Management Personnel. His last day will be March 24, 2026, as he seeks new professional opportunities.
23rd Mar 26
Impact Rating: 4
Greenply Industries Limited announced a trading window closure effective April 1, 2026, for designated persons and relatives, adhering to SEBI insider trading norms. The window will reopen 48 hours after the declaration of audited financial results for the fiscal year ending March 31, 2026.