Greenply Industries Ltd (GREENPLY) AI Stock Analysis

• Market Cap: ₹37.37B
• Dividend Yield: 0.18%
• Average Volume (3M): 7.86K
• Price to Earnings (P/E): 42.9
• Beta (1Y): 1.28
• Revenue Growth: 4.40%
• EPS Growth: -20.15%
• Country: IN
• Employees: 2,612
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Paper, Lumber & Forest Products
• EPS (TTM): 1.30
• Shares Outstanding: 124,880,800
• 10 Day Avg. Volume: 3,700
• 30 Day Avg. Volume: 7,857
• PEG Ratio: 1.29
• Price to Book (P/B): 4.42
• Price to Sales (P/S): 1.44
• P/FCF Ratio: 25.22
• 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: ₹370.00
• Price Target Upside: 30.17% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: ₹330.00 ▲(16.09% Upside)

Greenply Industries Ltd has a solid financial foundation with strong revenue and profit growth, which is the most significant factor in its score. However, the stock's technical indicators suggest a neutral trend, and its valuation appears high, which tempers the overall score.

Positive Factors

Revenue Growth

The significant revenue growth indicates strong demand for Greenply's products and effective market penetration, supporting long-term business expansion.

Cash Flow Improvement

Positive free cash flow enhances Greenply's ability to fund operations and growth initiatives, contributing to financial stability and strategic flexibility.

Profit Margin Expansion

Improved profit margins reflect operational efficiency and cost management, which are crucial for sustaining profitability and competitive advantage.

Negative Factors

Rising Debt Levels

Increasing debt levels may strain Greenply's financial resources, potentially impacting its ability to invest in growth and manage economic downturns.

EPS Decline

A decline in EPS growth suggests challenges in maintaining profitability, which could affect investor confidence and long-term financial health.

High Depreciation Impact

High depreciation and amortization expenses reduce net income, indicating potential inefficiencies in asset utilization that may affect future profitability.

Greenply Industries Ltd Business Overview & Revenue Model

Company Description

Greenply Industries Limited, an interior infrastructure company, manufactures, markets, trades in, and distributes plywood and allied products in India and internationally. The company provides plywood and block boards, decorative veneers, flush doors, wood floors, and PVC foam boards. It markets its products through a network of distributors, dealers, and retailers. The company was formerly known as Mittal Laminates Private Limited and changed its name to Greenply Industries Limited in 1995. Greenply Industries Limited was incorporated in 1990 and is headquartered in Kolkata, India.

How the Company Makes Money

Greenply Industries generates revenue primarily through the sale of its plywood, laminates, and MDF products. The company's revenue model is built on both domestic sales and exports, with a significant portion of its earnings coming from the construction and interior design industries. Key revenue streams include retail sales through a network of dealers and distributors, direct sales to contractors and builders, and partnerships with various furniture manufacturers. Additionally, the company benefits from brand recognition and customer loyalty, which contribute to repeat business. Strategic collaborations with architects and designers also enhance market reach and drive sales, further solidifying its position in the industry.

Greenply Industries Ltd Financial Statement Overview

Summary

Greenply Industries Ltd shows strong financial performance with significant revenue growth and improved profit margins. The balance sheet is stable with moderate leverage, but rising debt levels need monitoring. Cash flow has improved, indicating robust cash generation, though consistency is key.

Income Statement

Greenply Industries Ltd has shown strong revenue growth, with the latest annual revenue at INR 24,875.81 million, up from INR 21,746.17 million the previous year, marking a 14.38% growth. The company maintains a healthy gross profit margin of approximately 40.34%, and its net profit margin improved to 3.68%. However, the EBIT margin is notably higher than the EBITDA margin due to the high depreciation and amortization expense, indicating room for optimizing operational efficiency.

Balance Sheet

The company has a manageable debt-to-equity ratio of 0.64, suggesting moderate leverage. Return on Equity (ROE) stands at about 11.33%, reflecting efficient use of equity to generate profits. The equity ratio, calculated at 41.43%, indicates a stable financial structure with adequate equity backing. However, the total debt level has increased, which could pose risks if not managed prudently.

Cash Flow

Free cash flow turned positive in the latest year at INR 1,416.23 million from a negative position the prior year, showing significant improvement. The operating cash flow to net income ratio is 2.39, indicating robust cash generation relative to net earnings. With an improving cash flow position, the company is well-placed to fund its operations and growth initiatives, though historical volatility in free cash flow growth suggests a need for consistent cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	25.05B	24.88B	21.75B	16.59B	15.57B	11.62B
Gross Profit	8.29B	10.03B	7.69B	5.90B	6.09B	4.67B
EBITDA	2.47B	2.38B	2.14B	1.91B	1.60B	1.19B
Net Income	869.22M	916.32M	699.60M	914.32M	947.26M	609.12M
Balance Sheet
Total Assets	0.00	19.52B	16.64B	16.81B	11.59B	9.15B
Cash, Cash Equivalents and Short-Term Investments	246.71M	246.71M	223.12M	313.54M	722.46M	1.28B
Total Debt	0.00	5.15B	5.57B	7.01B	3.09B	2.03B
Total Liabilities	-8.09B	11.43B	9.54B	10.37B	6.21B	4.78B
Stockholders Equity	8.09B	8.09B	7.09B	6.44B	5.38B	4.37B
Cash Flow
Free Cash Flow	0.00	1.42B	-877.26M	-3.53B	-1.40B	2.05B
Operating Cash Flow	0.00	2.19B	460.06M	621.69M	916.09M	2.28B
Investing Cash Flow	0.00	-1.47B	-1.43B	-4.09B	-1.29B	-1.25B
Financing Cash Flow	0.00	-829.00M	471.07M	3.18B	804.29M	-921.62M

Greenply Industries Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 284.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GREENPLY, the sentiment is Negative. The current price of 284.25 is below the 20-day moving average (MA) of 293.80, below the 50-day MA of 300.04, and below the 200-day MA of 300.08, indicating a bearish trend. The MACD of -4.49 indicates Positive momentum. The RSI at 40.33 is Neutral, neither overbought nor oversold. The STOCH value of 28.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GREENPLY.

Greenply Industries Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GREENPLY	67 Neutral	₹37.37B	42.87	―	0.18%	4.40%	-20.15%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
CENTURYPLY	55 Neutral	₹175.53B	75.76	―	0.13%	16.88%	6.77%
SFL	54 Neutral	₹77.82B	127.34	―	―	4.98%	-62.09%
RAJESHEXPO	51 Neutral	₹53.66B	72.91	―	―	112.02%	245.09%