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Greenpanel Industries Ltd (GREENPANEL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 542857 NSE: GREENPANEL Wood & Wood Products | Small Cap | Greenpanel Inds. Share Price

₹194 3.75 (1.97%)

As on 12-Jun'26 16:59

Greenpanel Industries Ltd (GREENPANEL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 542857 NSE: GREENPANEL Wood & Wood Products | Small Cap | Greenpanel Inds. Share Price

₹194 3.75 (1.97%)

As on 12-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,379 Cr.
Current Price
₹194
52-Week Low / High
₹164 / 335
TTM EPS
₹-2.4
TTM Sales
₹1,539 Cr.
Book Value per Share
₹110.6
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
54.8
Price to Book (P/B)
1.75
Lower than its 5-year historical median
Price to Sales (P/S)
1.55
Lower than its 5-year historical median
EV/EBITDA
26.89
Higher than its 5-year historical median
Dividend Yield
0.13%
Profitability Efficiency
Return on Equity (ROE)
5.34%
Outperforms industry median
Return on Capital Employed (ROCE)
4.55%
Underperforms industry median
Return on Assets (ROA)
3.57%
Operating Profit Margin
9.1%
Net Profit Margin
5.02%
Gross Profit Margin
9.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-8.38%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-46.67%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-46.68%
Asset Quality
Promoter Holding
53.13%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,344 Cr.
Equity
₹12.3 Cr.
Face Value
₹1
All Time Low / High
₹23.80 / 625.00

Greenpanel Industries stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Greenpanel Industries Ltd a good quality company?
Greenpanel Industries Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does Greenpanel Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Greenpanel Industries Ltd vs industry peers?
Greenpanel Industries Ltd revenue CAGR is 10.80%, compared to the industry median CAGR of 1.10%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Greenpanel Industries Ltd?
Promoters hold 53.13% of the Greenpanel Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Greenpanel Industries Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -6.21% based on the current price.
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10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Greenpanel Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ-107.9%7.3%4.9%11.6%28.8%25.2%13.1%4.6%-
Value Creation
Index ⓘ		-8.7-0.5-0.7-0.21.10.8-0.1-0.7-

Growth Parameters ⓘ
Sales ⓘ05878601,0201,6241,7831,5671,4361,539
Sales YoY Gr.-NA46.4%18.6%59.3%9.8%-12.1%-8.4%-
Adj EPS ⓘ-0.502.26.21920.210.95.8-2.4
YoY Gr.-NANA186.2%206%6.5%-46.2%-47%-
BVPS (₹) ⓘ0.5056.863.180.598107.4113110.6
Adj Net
Profit ⓘ		-0.136.826.676.123324813470.9-29
Cash Flow from Ops. ⓘ-0.12710121136033913577.8-
Debt/CF from Ops. ⓘ021.45.52.10.80.625-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNA10.8%-4%-8.4%
Adj EPS ⓘNA21.6%-32.7%-47%
BVPSⓘNA14.7%12%5.2%
Share Price - -4.3% -17.1% -28.3%

Key Financial Parameters ⓘ

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		-107.910.83.910.426.522.710.65.3-2.1
Op. Profit
Mgn % ⓘ		014.216.220.125.923.215.79.15.2
Net Profit
Mgn % ⓘ		06.33.17.514.313.98.54.9-1.9
Debt to
Equity ⓘ		00.90.80.60.30.20.20.30.2
Working Cap
Days ⓘ		0861271096360768363
Cash Conv.
Cycle ⓘ		026322155182729

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales05878601,0201,6241,7831,5671,436
Operating Expenses ⓘ + 05047248151,2061,3721,3211,305
Manufacturing Costs091127125188239259221
Material Costs0249382462670746691741
Employee Cost 0759393123137141140
Other Costs ⓘ 089123136225251231202
Operating Profit ⓘ -083135205418411246131
Operating Profit Margin (%) -14.2%15.7%20.1%25.7%23.0%15.7%9.1%
Other Income ⓘ + 013238182123
Exceptional Items ⓘ 00-1100-2410
Interest ⓘ 02448351619127
Depreciation ⓘ 050656468697377
Profit Before Tax ⓘ -0221310834231718370
Tax ⓘ 0-22-3321088748-2
Profit After Tax -044167623323013572
PAT Margin (%) -7.5%1.9%7.5%14.4%12.9%8.6%5.0%
Adjusted EPS (₹)-0.50.01.36.219.018.811.05.9
Dividend Payout Ratio (%)0%0%0%0%7.90%8%13.60%5.10%

Valuation of Greenpanel Inds. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 06686977739871,2011,3171,385
Share Capital ⓘ 00121212121212
Reserves ⓘ -06686857619751,1891,3051,373
Debt +0499504372237142238321
Long Term Debt0454431356165127238321
Short Term Debt0457316721500
Minority Interest00000000
Trade Payables082123131148111109103
Others Liabilities ⓘ 0236173198192250242327
Total Liabilities ⓘ 01,4851,4961,4751,5641,7051,9062,136

Fixed Assets

Net Fixed Assets ⓘ +01,1181,0881,0431,0099929821,559
Gross Block01,3781,4081,4161,4411,4681,5032,154
Accumulated Depreciation0261320373431476521595
CWIP ⓘ 04640531311
Investments ⓘ 0475252522298121
Inventories0131154149166153202199
Trade Receivables052717841444442
Cash Equivalents 0181072221356140105
Others Assets ⓘ 01151167774133127100
Total Assets ⓘ 01,4851,4961,4751,5641,7051,9062,136

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + -02710121136033913578
PBT ⓘ -0222410834231718370
Adjustment ⓘ 0627957281015530
Changes in Working Capital ⓘ 0-5346248-16-67-15
Tax Paid ⓘ 0-4-6-16-58-62-37-7
Cash Flow From Investing Activity ⓘ + 0-117-28-77-137-254-156-166
Capex 0-105-24-19-34-86-344-187
Net Investments 0-13-5-59-106-18017013
Others ⓘ 0122312188
Cash Flow From Financing Activity ⓘ + 0105-82-131-180-1315082
Net Proceeds from Shares ⓘ 00000000
Net Proceeds from Borrowing ⓘ 0115-80-49-203-43120111
Interest Paid ⓘ 0-26-26-22-12-10-29-17
Dividend Paid ⓘ 0000-18-18-18-4
Others ⓘ 01524-6054-59-22-9
Net Cash Flow ⓘ 014-9343-4529-6

Financial Ratio

PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/A13.212.3710.3626.5121.0210.745.34
ROCE (%)N/A7.284.8711.6128.7825.2113.144.55
Asset Turnover Ratio00.850.620.731.121.140.940.77
PAT to CFO Conversion(x)N/A0.616.312.781.551.4711.08
Working Capital Days
Receivable Days030.4024.402512.808.409.5010
Inventory Days075.9056.6051.2033.8031.1038.1046.70
Payable Days059.6097.60100.507663.4058.2052.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Greenpanel Industries Ltd FAQs

The current trading price of Greenpanel Inds. on 12-Jun-2026 16:59 is ₹194.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-Jun-2026 the market cap of Greenpanel Inds. stood at ₹2,379 Cr

The latest P/E ratio of Greenpanel Inds. as of 11-Jun-2026 is 0.00.

The latest P/B ratio of Greenpanel Inds. as of 11-Jun-2026 is 1.75.

The 52-week high of Greenpanel Inds. is ₹335.1 and the 52-week low is ₹163.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Greenpanel Inds. is ₹1,539 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Greenpanel Industries Ltd is a below average quality company.

The key valuation ratios of Greenpanel Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Greenpanel Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Greenpanel Industries Ltd

Greenpanel is India’s largest manufacturer of wood panels. Its state-of-the-art manufacturing plants in Uttarakhand and Andhra Pradesh produce Medium Density Fibre Boards (MDF), Plywood, Block Boards, Veneers, Wood Floors and Doors. It is a leader within the vast market of India in the manufacture of wood panels. The Company’s principal product is MDF. The Company is a market leader in this segment.

The Company was the erstwhile MDF division of Greenply Industries. The Company was de-merged on April 1, 2018 into an independent company that focuses largely on the manufacture, distribution and marketing of MDF.  The Company was listed (following a demerger) on the NSE and BSE on October 23, 2019.

Business area of the company

The Company is primarily involved in manufacturing of plywood, medium density fibre boards (MDF) and allied products. The Company has an overseas wholly owned subsidiary company namely Greenpanel Singapore Pte. Limited, incorporated in Singapore, is engaged into trading of Medium Density Fibreboards and allied products.

Product offerings

Medium Density Fibreboard: Engineered wood manufactured with hardwood fibres, bonded together under high pressure and temperature (up to 240 degrees Celsius) with synthetic resin and wax. Greenpanel’s MDF is respected for a high uniform density, making it strong, durable and eco-friendly.

Greenpanel wood floors: Customised around Indian conditions. Protects against dust, scratches and extreme climatic changes.

Greenpanel plywood: Customised around a range of applications. Manufactured on new-age equipment. Strict adherence to quality control. Helped create new benchmarks in India’s organised plywood segment.

Greenpanel veneers: Offer an exclusive range of unique and exotic designs. Suitable for use in interiors (including high humidity applications).

Greenpanel doors: Possess high dimensional accuracy and stability (ideal for conditions of varying humidity). Customised and available with a decorative veneered surface in horizontal or vertical grains.

Milestones

  • 2010: Launched Green Panelmax.
  • 2010: Commenced production at the most modern MDF plant in India at Pantnagar, Uttarakhand.
  • 2014: Launched Green Floormax Wood Floors.
  • 2015: Commissioned an export office in Singapore.
  • 2016: Commissioned a second MDF plant at Srikalahasti, Andhra Pradesh.
  • 2018: Commenced production at Asia’s largest MDF plant in Andhra Pradesh.
  • 2019: De-merged from Greenply to become Greenpanel Industries Limited.
  • 2019: Listed on NSE and BSE as a separate company.
  • 2020: Gets board’s approval for capital expenditure projects at MDF plants.
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