Greenpanel Industries Ltd (IN:GREENPANEL)
:GREENPANEL
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Greenpanel Industries Ltd
(GREENPANEL)
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Rating:54Neutral
Price Target:
₹212.00
▼(-31.02% 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
Balance sheet strength
Low financial leverage and a high equity ratio provide durable financial resilience. A debt-to-equity of 0.30 lowers refinancing and interest-rate risk, preserves borrowing capacity for capex or working capital needs, and supports stability through cyclical downturns in end markets.
Negative Factors
Declining revenue trend
An 8% revenue decline weakens scale economics and raises fixed-cost absorption risk in a capital-intensive manufacturing business. Sustained top-line contraction can erode negotiating power with suppliers, impair margin sustainability, and limit funds for product development or capacity investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Low financial leverage and a high equity ratio provide durable financial resilience. A debt-to-equity of 0.30 lowers refinancing and interest-rate risk, preserves borrowing capacity for capex or working capital needs, and supports stability through cyclical downturns in end markets.
Read all positive factors
Greenpanel Industries Ltd (GREENPANEL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹25.84B
Dividend Yield0.13%
Average Volume (3M)6.73K
Price to Earnings (P/E)68.6
Beta (1Y)1.36
Revenue Growth3.92%
EPS Growth-101.54%
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)10.27
Revenue Forecast (FY)₹18.19B
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 panel products. Revenue is mainly generated from (1) MDF sales (including different grades/thicknesses and value-added variants used for furniture and interior applications) ...
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
Positive
307.35
Price Trends
204.47
Positive
218.47
Negative
252.36
Negative
Market Momentum
3.22
Negative
62.47
Neutral
88.45
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 307.35 is above the 20-day moving average (MA) of 192.64, above the 50-day MA of 204.47, and above the 200-day MA of 252.36, indicating a neutral trend. The MACD of 3.22 indicates Negative momentum. The RSI at 62.47 is Neutral, neither overbought nor oversold. The STOCH value of 88.45 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹8.16B | 10.91 | ― | 0.62% | -3.26% | -18.89% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | ₹32.37B | 25.33 | ― | 1.18% | -0.06% | -63.11% | |
58 Neutral | ₹7.15B | 20.52 | ― | 3.24% | -5.23% | -56.30% | |
58 Neutral | ₹16.84B | 19.06 | ― | 1.03% | -9.52% | -39.87% | |
54 Neutral | ₹25.84B | 68.60 | ― | 0.13% | 3.92% | -101.54% | |
52 Neutral | ₹10.25B | 3.42 | ― | 2.08% | 3.31% | 6542.77% |
* Basic Materials Sector Average
IN:GREENPANEL
Greenpanel Industries Ltd
208.00
-24.30
-10.46%
IN:KUANTUM
Kuantum Papers Limited
81.44
-19.54
-19.35%
IN:PDMJEPAPER
Pudumjee Paper Products Ltd.
86.42
-22.67
-20.78%
IN:SESHAPAPER
Seshasayee Paper & Boards Ltd.
267.60
-0.22
-0.08%
IN:TNPL
Tamil Nadu Newsprint & Papers Ltd.
152.25
22.83
17.64%
IN:WSTCSTPAPR
West Coast Paper Mills Limited
489.60
49.39
11.22%
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.