Greenply Industries Ltd (IN:GREENPLY)
:GREENPLY
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Greenply Industries Ltd
(GREENPLY)
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Rating:61Neutral
Price Target:
₹282.00
▲(3.41% Upside)
Action:ReiteratedDate:05/01/26
The score is driven primarily by solid but not best-in-class financials (strong revenue growth and improved leverage offset by margin pressure and volatile free cash flow). Technicals are supportive due to strong momentum, but very overbought signals add risk. Valuation is the largest drag given the high P/E and minimal dividend yield.
Positive Factors
Multi-year revenue scaling
Sustained revenue growth more than doubled top-line over five years, signalling durable demand, effective distribution and execution. This scale supports negotiating power with suppliers, fixed-cost absorption and a stronger platform for new product penetration over the next 2–6 months and beyond.
Negative Factors
Margin compression
Declining net margins indicate cost pressures or pricing erosion that weaken the firm's ability to convert rising revenues into sustainable profits. If input costs or competitive pricing persist, sustained margin compression will cap return on capital and limit cash available for strategic initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue scaling
Sustained revenue growth more than doubled top-line over five years, signalling durable demand, effective distribution and execution. This scale supports negotiating power with suppliers, fixed-cost absorption and a stronger platform for new product penetration over the next 2–6 months and beyond.
Read all positive factors
Greenply Industries Ltd (GREENPLY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹33.44B
Dividend Yield0.19%
Average Volume (3M)7.86K
Price to Earnings (P/E)25.1
Beta (1Y)1.41
Revenue Growth7.09%
EPS Growth-27.82%
CountryIN
Employees2,612
SectorConsumer Cyclical
Sector Strength84
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)N/A
Shares Outstanding124,902,050
10 Day Avg. Volume3,700
30 Day Avg. Volume7,857
Financial Highlights & Ratios
PEG Ratio-9.27
Price to Book (P/B)2.51
Price to Sales (P/S)0.82
P/FCF Ratio25.04
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-9.06% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 d...
How the Company Makes Money
Greenply makes money mainly by selling interior building and furnishing materials through a brand-led, distribution-driven model. Its core revenue stream is the sale of plywood and allied panel products (e.g., blockboard and related categories) to...
Greenply Industries Ltd Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
67
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.53B | 27.39B | 24.88B | 21.75B | 16.59B | 15.57B |
| Gross Profit | 9.36B | 11.12B | 10.03B | 7.69B | 5.90B | 6.09B |
| EBITDA | 2.41B | 2.45B | 2.38B | 2.14B | 1.91B | 1.60B |
| Net Income | 853.58M | 895.32M | 916.32M | 699.60M | 914.32M | 947.26M |
Balance Sheet | ||||||
| Total Assets | 18.85B | 19.62B | 19.52B | 16.64B | 16.81B | 11.59B |
| Cash, Cash Equivalents and Short-Term Investments | 151.75M | 385.96M | 246.71M | 223.12M | 313.54M | 722.46M |
| Total Debt | 5.42B | 5.15B | 5.15B | 5.57B | 7.01B | 3.09B |
| Total Liabilities | 10.38B | 10.66B | 11.43B | 9.54B | 10.37B | 6.21B |
| Stockholders Equity | 8.47B | 8.95B | 8.09B | 7.09B | 6.44B | 5.38B |
Cash Flow | ||||||
| Free Cash Flow | 101.98M | 896.80M | 1.42B | -877.26M | -3.53B | -1.40B |
| Operating Cash Flow | 658.98M | 2.47B | 2.19B | 460.06M | 621.69M | 916.09M |
| Investing Cash Flow | -477.81M | -1.52B | -1.47B | -1.43B | -4.09B | -1.29B |
| Financing Cash Flow | -237.79M | -784.27M | -829.00M | 471.07M | 3.18B | 804.29M |
Greenply Industries Ltd Technical Analysis
Positive
272.70
Price Trends
211.64
Positive
236.00
Negative
272.49
Negative
Market Momentum
4.68
Negative
67.97
Neutral
75.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GREENPLY, the sentiment is Positive. The current price of 272.7 is above the 20-day moving average (MA) of 201.43, above the 50-day MA of 211.64, and above the 200-day MA of 272.49, indicating a neutral trend. The MACD of 4.68 indicates Negative momentum. The RSI at 67.97 is Neutral, neither overbought nor oversold. The STOCH value of 75.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:GREENPLY.
Greenply Industries Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | ₹33.44B | 25.08 | ― | 0.19% | 7.09% | -27.82% | |
61 Neutral | ₹20.33B | 33.05 | ― | 4.22% | 4.76% | 161.38% | |
55 Neutral | ₹176.97B | 72.08 | ― | 0.12% | 16.24% | 11.63% | |
54 Neutral | ₹55.64B | 30.61 | ― | ― | 5.40% | -35.05% | |
54 Neutral | ₹35.43B | 18.97 | ― | ― | 134.99% | 173.71% | |
41 Neutral | ₹266.28M | -23.75 | ― | ― | 89.66% | 59.29% |
* Consumer Cyclical Sector Average
IN:GREENPLY
Greenply Industries Ltd
267.75
-11.76
-4.21%
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Greenply Industries Ltd Corporate Events
Greenply discloses tax department search and seizure at offices and plants
Mar 2, 2026
Greenply Industries Ltd has disclosed that the Income Tax Department conducted a search and seizure operation at its registered office, certain other locations, a manufacturing unit, and the plant of its wholly owned subsidiary Greenply Sandila Pr...
Greenply Publishes Q3 FY26 Earnings Call Transcript for Investors
Feb 7, 2026
Greenply Industries Limited has released the transcript of its Q3 FY26 earnings conference call held on 5 February 2026, where senior management discussed the company’s financial performance for the quarter and nine months ended 31 December ...
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.