Greenpanel Industries Ltd (IN:GREENPANEL)
:GREENPANEL
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Greenpanel Industries Ltd
(GREENPANEL)
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Rating:54Neutral
Price Target:
₹202.00
▼(-34.28% Downside)
Action:ReiteratedDate:03/28/26
The score is held up by a strong, low-leverage balance sheet, but is weighed down by declining revenue, negative free cash flow, and a clearly weak technical trend (price below all major moving averages with negative MACD). High P/E and a low dividend yield further pressure the overall attractiveness.
Positive Factors
Low Financial Leverage
A low debt-to-equity ratio (0.30) and a high equity ratio (64.84%) provide durable financial flexibility. This capital structure reduces refinancing and interest risk, supports sustained capex or capacity investments, and gives the company optionality to weather cyclical downturns without forcing asset sales.
Negative Factors
Declining Revenue
A sustained revenue decline (-8.19% in 2025) erodes scale benefits and hurts fixed-cost absorption in a capital-intensive panel business. If top-line weakness persists, utilization falls, margin recovery is harder, and the company may struggle to justify further capacity or product investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Financial Leverage
A low debt-to-equity ratio (0.30) and a high equity ratio (64.84%) provide durable financial flexibility. This capital structure reduces refinancing and interest risk, supports sustained capex or capacity investments, and gives the company optionality to weather cyclical downturns without forcing asset sales.
Read all positive factors
Greenpanel Industries Ltd (GREENPANEL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹24.32B
Dividend Yield0.13%
Average Volume (3M)6.73K
Price to Earnings (P/E)68.6
Beta (1Y)1.22
Revenue Growth-1.76%
EPS Growth-102.89%
CountryIN
Employees1,846
SectorBasic Materials
Sector Strength58
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)0.80
Shares Outstanding122,627,396
10 Day Avg. Volume8,705
30 Day Avg. Volume6,731
Financial Highlights & Ratios
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 CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹248.00Price Target Upside-19.31% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)10.67
Revenue Forecast (FY)₹18.21B
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 commer...
How the Company Makes Money
Greenpanel primarily makes money by manufacturing and selling wood-based panels and related products. The core revenue stream comes from sales of MDF (including variants marketed for specific end uses such as interior applications and furniture-gr...
Greenpanel Industries Ltd Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.58B | 14.36B | 15.64B | 17.83B | 16.25B | 10.01B |
| Gross Profit | 5.85B | 4.77B | 4.07B | 10.37B | 8.94B | 5.27B |
| EBITDA | 911.80M | 1.54B | 2.67B | 4.33B | 4.39B | 1.94B |
| Net Income | -28.52M | 721.09M | 1.43B | 2.57B | 2.40B | 688.08M |
Balance Sheet | ||||||
| Total Assets | 21.01B | 21.36B | 18.91B | 17.05B | 15.42B | 14.55B |
| Cash, Cash Equivalents and Short-Term Investments | 2.60B | 2.26B | 2.38B | 3.78B | 2.23B | 720.12M |
| Total Debt | 4.15B | 4.13B | 2.96B | 2.28B | 3.16B | 4.84B |
| Total Liabilities | 7.57B | 7.51B | 5.74B | 5.11B | 5.91B | 7.25B |
| Stockholders Equity | 13.44B | 13.85B | 13.17B | 11.94B | 9.52B | 7.30B |
Cash Flow | ||||||
| Free Cash Flow | 382.71M | -1.20B | -2.12B | 2.57B | 3.31B | 1.34B |
| Operating Cash Flow | 628.13M | 718.07M | 1.35B | 3.37B | 3.66B | 1.55B |
| Investing Cash Flow | 103.09M | -1.74B | -1.58B | -2.48B | -1.36B | -108.88M |
| Financing Cash Flow | -484.49M | 966.29M | 503.20M | -1.34B | -1.85B | -1.42B |
Greenpanel Industries Ltd Technical Analysis
Neutral
307.35
Price Trends
205.10
Negative
222.00
Negative
253.95
Negative
Market Momentum
-5.84
Negative
54.66
Neutral
74.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GREENPANEL, the sentiment is Neutral. The current price of 307.35 is above the 20-day moving average (MA) of 188.80, above the 50-day MA of 205.10, and above the 200-day MA of 253.95, indicating a neutral trend. The MACD of -5.84 indicates Negative momentum. The RSI at 54.66 is Neutral, neither overbought nor oversold. The STOCH value of 74.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:GREENPANEL.
Greenpanel Industries Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹7.96B | 10.91 | ― | 0.62% | -5.63% | -27.65% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | ₹29.43B | 25.33 | ― | 1.18% | -1.59% | -60.74% | |
58 Neutral | ₹6.67B | 20.52 | ― | 3.24% | -9.47% | -54.96% | |
58 Neutral | ₹16.43B | 19.06 | ― | 1.03% | -9.17% | -57.37% | |
58 Neutral | ₹9.22B | 36.69 | ― | 2.08% | 4.65% | -127.24% | |
54 Neutral | ₹24.32B | 68.60 | ― | 0.13% | -1.76% | -102.89% |
* Basic Materials Sector Average
IN:GREENPANEL
Greenpanel Industries Ltd
198.30
-24.75
-11.10%
IN:KUANTUM
Kuantum Papers Limited
76.43
-20.70
-21.31%
IN:PDMJEPAPER
Pudumjee Paper Products Ltd.
83.84
-15.77
-15.83%
IN:SESHAPAPER
Seshasayee Paper & Boards Ltd.
260.50
2.14
0.83%
IN:TNPL
Tamil Nadu Newsprint & Papers Ltd.
133.25
13.55
11.32%
IN:WSTCSTPAPR
West Coast Paper Mills Limited
445.55
23.61
5.60%
Greenpanel Industries Ltd Corporate Events
Greenpanel confirms compliance with SEBI dematerialisation norms for March quarter
Apr 3, 2026
Greenpanel Industries Ltd has informed the stock exchanges that it has received a confirmation certificate from its registrar MUFG Intime India Private Ltd under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for th...
Income Tax Department Conducts Multi-Location Search on Greenpanel Industries
Mar 2, 2026
Greenpanel Industries has disclosed that India’s Income Tax Department carried out search operations at its registered office, various plants and other offices, as well as at the residences of its promoter and an ex-employee, across multiple...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.