Greenpanel Industries Ltd (GREENPANEL) AI Stock Analysis

• Market Cap: ₹38.47B
• Dividend Yield: 0.1%
• Average Volume (3M): 115.31K
• Price to Earnings (P/E): 176.7
• Beta (1Y): 1.25
• Revenue Growth: -9.51%
• EPS Growth: -82.03%
• Country: IN
• Employees: 1,846
• Sector: Basic Materials
• Sector Strength: 61
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): -2.80
• Shares Outstanding: 122,627,396
• 10 Day Avg. Volume: 331,510
• 30 Day Avg. Volume: 115,307
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹342.50
• Price Target Upside: 9.16% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 61 Neutral
• Price Target: ₹342.00 ▲(9.00% Upside)

Greenpanel Industries Ltd's overall stock score is primarily influenced by its mixed financial performance and technical analysis. The strong balance sheet and positive market momentum are offset by declining revenues, negative cash flow, and high valuation metrics. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Sustainable Manufacturing Practices

Greenpanel's commitment to sustainability enhances its brand reputation and aligns with global trends towards eco-friendly products, potentially increasing demand and market share over time.

Strong Balance Sheet

A low debt-to-equity ratio indicates financial stability and flexibility, allowing Greenpanel to invest in growth opportunities and weather economic downturns.

Extensive Distribution Network

An extensive distribution network supports market penetration and customer reach, providing a competitive advantage in expanding both domestic and international sales.

Negative Factors

Declining Revenue

Declining revenues indicate potential challenges in market demand or competitive pressures, which could impact long-term profitability and market position if not addressed.

Negative Free Cash Flow

Negative free cash flow suggests difficulties in funding operations and growth initiatives internally, potentially leading to increased reliance on external financing.

Declining Profitability

Declining profitability can strain financial resources and limit reinvestment in business development, affecting long-term growth prospects and competitive standing.

Greenpanel Industries Ltd Business Overview & Revenue Model

Company Description

Greenpanel Industries Ltd (GREENPANEL) is a leading manufacturer in the wood panel industry, specializing in the production of medium-density fiberboard (MDF) and plywood. The company operates primarily in India and has a significant presence in international markets. Greenpanel is known for its sustainable manufacturing practices and commitment to quality, offering a wide range of wood panel products used in construction, furniture, and interior design.

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 shows mixed financial performance with declining revenues and profitability. Despite a strong balance sheet with low leverage and high equity, cash flow management is challenging due to negative free cash flow.

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	14.58B	14.36B	15.64B	17.83B	15.86B	10.01B
Gross Profit	6.12B	4.77B	4.07B	10.37B	8.94B	5.27B
EBITDA	1.59B	1.54B	2.67B	4.33B	4.39B	1.94B
Net Income	725.28M	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	2.01B	2.26B	2.38B	4.13B	573.84M	130.74M
Total Debt	0.00	4.13B	2.96B	2.28B	3.16B	4.84B
Total Liabilities	-13.51B	7.51B	5.74B	5.11B	5.91B	7.25B
Stockholders Equity	13.51B	13.85B	13.17B	11.94B	9.52B	7.30B
Cash Flow
Free Cash Flow	-575.37M	-1.20B	-2.12B	2.57B	3.31B	1.34B
Operating Cash Flow	493.37M	718.07M	1.35B	3.37B	3.66B	1.55B
Investing Cash Flow	-190.85M	-1.74B	-1.58B	-2.48B	-1.36B	-108.88M
Financing Cash Flow	132.85M	966.29M	503.20M	-1.34B	-1.85B	-1.42B

Greenpanel Industries Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 313.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 313.75 is above the 20-day moving average (MA) of 274.52, above the 50-day MA of 283.90, and above the 200-day MA of 290.51, indicating a bullish trend. The MACD of 4.32 indicates Negative momentum. The RSI at 68.37 is Neutral, neither overbought nor oversold. The STOCH value of 67.87 is Neutral, 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
PDMJEPAPER	70 Outperform	₹12.14B	11.63		0.47%	-0.51%	-8.77%
KUANTUM	68 Neutral	₹9.73B	10.92		2.69%	-11.03%	-43.24%
WSTCSTPAPR	64 Neutral	₹32.43B	12.89		1.02%	-4.98%	-55.08%
Sector *	61 Neutral	$10.43B	7.39	-0.05%	2.88%	2.86%	-36.73%
GREENPANEL	61 Neutral	₹38.47B	176.73		0.10%	-9.51%	-82.03%
SESHAPAPER	59 Neutral	₹16.90B	18.43		0.93%	-4.45%	-62.88%
TNPL	55 Neutral	₹11.15B	310.83		1.86%	-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.