Greenpanel Industries Ltd (GREENPANEL) AI Stock Analysis

• Market Cap: ₹37.72B
• Dividend Yield: 0.1%
• Average Volume (3M): 151.65K
• Price to Earnings (P/E): 173.3
• Beta (1Y): 1.34
• Revenue Growth: -9.51%
• EPS Growth: -82.03%
• Country: IN
• Employees: 1,846
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): -2.80
• Shares Outstanding: 122,627,396
• 10 Day Avg. Volume: 107,581
• 30 Day Avg. Volume: 151,646
• PEG Ratio: -0.85
• Price to Book (P/B): 2.06
• Price to Sales (P/S): 1.99
• P/FCF Ratio: -23.75
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹327.50
• Price Target Upside: 7.34% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 60 Neutral
• Price Target: ₹312.00 ▲(2.26% Upside)

The overall stock score of 60 reflects a mixed outlook for Greenpanel Industries Ltd. The most significant factor is the company's financial performance, which shows declining revenues and profitability, despite a strong balance sheet. Technical analysis suggests moderate bullish momentum, but the high P/E ratio indicates potential overvaluation, which weighs down the overall score.

Greenpanel Industries Ltd Business Overview & Revenue Model

Company Description

Greenpanel Industries Limited engages in the manufacture and sale of wood panels in India and internationally. The company provides plain and pre-laminated medium density fibre boards, wood floors, decorative veneers, plywood, and flush and commercial doors. It also trades in medium density fibre boards and allied products. The company was incorporated in 2017 and is based in Kolkata, India.

How the Company Makes Money

Greenpanel Industries Ltd generates revenue through the manufacturing and sale of its core products, MDF and plywood. These products are distributed across domestic and international markets, serving various industries including construction, furniture, and interior design. The company benefits from its extensive distribution network and strategic partnerships with dealers and retailers, which help in expanding its market reach. Additionally, Greenpanel's commitment to sustainability and innovation in product offerings enhances its competitive advantage, contributing to its profitability. The company also focuses on cost-efficient manufacturing processes to maintain healthy margins.

Greenpanel Industries Ltd Financial Statement Overview

Summary

Greenpanel Industries Ltd presents a mixed financial performance with declining revenues and profitability in 2025. The balance sheet remains strong with low leverage and high equity, while cash flow management poses challenges due to negative free cash flow. The company needs to focus on reversing the revenue decline and improving cash flow generation to enhance financial stability.

Income Statement

Greenpanel Industries Ltd has exhibited fluctuating revenue with a recent decline, impacting its gross and net profit margins. The gross profit margin for 2025 is 33.25%, and the net profit margin stands at 5.02%. The company experienced a negative revenue growth rate of -8.19% in 2025, signaling potential challenges in maintaining sales. The EBIT margin is relatively stable at 3.75%, while the EBITDA margin is 10.71%, indicating moderate operational profitability.

Balance Sheet

The balance sheet shows a strong equity position with a debt-to-equity ratio of 0.30, indicating low financial leverage. The return on equity (ROE) for 2025 is 5.21%, which suggests moderate profitability from shareholders' equity. The equity ratio is healthy at 64.84%, reflecting a well-capitalized balance sheet with substantial equity backing the company's assets.

Cash Flow

Cash flow analysis reveals a significant decline in free cash flow, leading to a negative free cash flow of -1,204,383,000 INR in 2025. The operating cash flow to net income ratio is 0.99, indicating that cash generation from operations is closely aligned with net income. However, the free cash flow to net income ratio is negative, highlighting challenges in converting net income to free cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	13.99B	14.36B	15.64B	17.83B	16.25B	10.01B
Gross Profit	5.03B	4.77B	4.07B	10.37B	8.94B	5.27B
EBITDA	994.15M	1.54B	2.67B	4.33B	4.39B	1.94B
Net Income	217.70M	721.09M	1.43B	2.57B	2.40B	688.08M
Balance Sheet
Total Assets	0.00	21.36B	18.91B	17.05B	15.42B	14.55B
Cash, Cash Equivalents and Short-Term Investments	1.55B	2.26B	2.38B	3.78B	2.23B	720.12M
Total Debt	0.00	4.13B	2.96B	2.28B	3.16B	4.84B
Total Liabilities	-13.85B	7.51B	5.74B	5.11B	5.91B	7.25B
Stockholders Equity	13.85B	13.85B	13.17B	11.94B	9.52B	7.30B
Cash Flow
Free Cash Flow	-287.68M	-1.20B	-2.12B	2.57B	3.31B	1.34B
Operating Cash Flow	246.68M	718.07M	1.35B	3.37B	3.66B	1.55B
Investing Cash Flow	-95.42M	-1.74B	-1.58B	-2.48B	-1.36B	-108.88M
Financing Cash Flow	66.42M	966.29M	503.20M	-1.34B	-1.85B	-1.42B

Greenpanel Industries Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 305.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GREENPANEL, the sentiment is Positive. The current price of 305.1 is above the 20-day moving average (MA) of 297.63, above the 50-day MA of 284.08, and above the 200-day MA of 284.05, indicating a bullish trend. The MACD of 4.88 indicates Negative momentum. The RSI at 58.86 is Neutral, neither overbought nor oversold. The STOCH value of 83.76 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:GREENPANEL.

Greenpanel Industries Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WSTCSTPAPR	69 Neutral	₹31.55B	12.53	―	1.06%	-4.98%	-55.08%
KUANTUM	68 Neutral	₹9.56B	10.74	―	2.76%	-11.03%	-43.24%
PDMJEPAPER	68 Neutral	₹11.44B	10.95	―	0.50%	-0.51%	-8.77%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GREENPANEL	60 Neutral	₹37.72B	173.27	―	0.10%	-9.51%	-82.03%
SESHAPAPER	59 Neutral	₹16.33B	17.80	―	0.96%	-4.45%	-62.88%
TNPL	54 Neutral	₹10.99B	310.83	―	1.90%	-0.66%	-125.23%

Greenpanel Industries Ltd Corporate Events

Greenpanel Industries Ltd Reports Mixed Q1 FY ’26 Results Amid Market Challenges

Greenpanel Industries Ltd reported a mixed performance in its Q1 FY ’26 earnings call. While domestic MDF volumes grew sequentially, there was a year-on-year decline due to regulatory changes and increased market competition. Export volumes also saw a significant drop, attributed to geopolitical disruptions. The company is optimistic about future growth, particularly in plywood sales, as it continues to align its strategies with market demands.