Greenply Industries surges on getting nod to increase production capacity

31 Oct 2011 Evaluate

Greenply Industries is currently trading at Rs. 203.75, up by 2.75 points or 1.37% from its previous closing of Rs. 201.00 on the BSE.

The scrip opened at Rs. 204.95 and has touched a high and low of Rs. 204.95 and Rs. 200.30 respectively.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 245.20 on 18-Jul-2011 and a 52 week low of Rs. 158.30 on 09-Mar-2011.

Last one week high and low of the scrip stood at Rs. 205.05 and Rs. 197.30 respectively. The current market cap of the company is Rs. 485.14 crore.

The promoters holding in the company stood at 55.00% while Institutions and Non-Institutions held 9.30% and 35.70% respectively. 

Plywood maker, Greenply Industries has received an approval to increase the production capacity from 73.50 lakh square meters to 96.24 lakh square meters per annum of the plywood unit of the company situated at GIDC Estate, Surendranagar in Gujarat. The commercial production from the said expansion is expected by September 30, 2012. The board at its meeting held on October 31, 2011 has approved for the same.

Recently, the company was aiming to touch turnover of Rs 2,400 crore in the next two years on the back of consolidation of its existing business. In this regard, the company would enhance operational efficiencies, including full utilization of its installed capacity in the next two years. The firm was looking to enhance its domestic business, while also increasing exports as a part of plans to achieve its revenue target.

Greenply Industries is engaged in manufacturing of plywood, laminates, decorative veneers, particle boards and prelam particle boards/MDF. The company has 28 branches across India with a strong dealer/distributor/sub-dealer/retailer network of over 9600 and a presence in over 300 cities. 

Greenply Industries Share Price

240.40 4.90 (2.08%)
14-May-2024 16:01 View Price Chart
Peers
Company Name CMP
Century Plyboards(I) 663.40
Greenply Industries 240.40
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Archidply Inds 117.00
Duroply Industries 278.00
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