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Greenply Industries Ltd (GREENPLY)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526797 NSE: GREENPLY Wood & Wood Products | Small Cap | Greenply Industries Share Price

₹276.70 -1.35 (-0.49%)

As on 12-Aug'26 16:59

Greenply Industries Ltd (GREENPLY)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526797 NSE: GREENPLY Wood & Wood Products | Small Cap | Greenply Industries Share Price

₹276.70 -1.35 (-0.49%)

As on 12-Aug'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,456 Cr.
Current Price
₹276.7
52-Week Low / High
₹178 / 337
TTM EPS
₹7.9
TTM Sales
₹2,863 Cr.
Book Value per Share
₹75
P/E Ratio
35.05
In line with its 5-year historical median
Industry PE
56.5
Price to Book (P/B)
3.69
Lower than its 5-year historical median
Price to Sales (P/S)
1.21
Lower than its 5-year historical median
EV/EBITDA
13.30
Lower than its 5-year historical median
Dividend Yield
0.18%
Profitability Efficiency
Return on Equity (ROE)
10.57%
Outperforms industry median
Return on Capital Employed (ROCE)
13.47%
Outperforms industry median
Return on Assets (ROA)
4.61%
Operating Profit Margin
9.9%
Net Profit Margin
3.28%
Gross Profit Margin
8.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
10.11%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
13.84%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
-2.12%
Asset Quality
Promoter Holding
51.93%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹924 Cr.
Equity
₹12.5 Cr.
Face Value
₹1
All Time Low / High
₹0.56 / 411.85

Greenply Industries stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Somewhat Undervalued

Price Trend

Weak
Q.1 Is Greenply Industries Ltd a good quality company?
Greenply Industries Ltd is a average quality company, based on a somewhat consistent 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.

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.

How does Greenply Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Greenply Industries Ltd vs industry peers?
Greenply Industries Ltd revenue CAGR is 18.64%, 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 Greenply Industries Ltd?
Promoters hold 51.93% of the Greenply Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Greenply Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 0.4% based on the current price.

10 Year X-Ray :

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.
Greenply Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 19.1%3%11.9%13.2%15.4%18.8%12.6%12.5%12.7%13.5%-
Value Creation
Index
0.4-0.8-0.2-0.10.10.3-0.1-0.1-0.10.0-

Growth Parameters

Sales 1,6689121,4121,4201,1651,5631,6632,1802,4882,7392,863
Sales YoY Gr.--45.3%54.8%0.6%-18%34.1%6.4%31.1%14.1%10.1%-
Adj EPS 10.526.96.75.17.98.96.37.58.17.9
YoY Gr.--81.1%247.5%-2.3%-24.9%56.8%12.9%-29.3%18%7.9%-
BVPS (₹) 6371.627.330.835.642.850.25664.671.575
Adj Net
Profit
12824.384.382.561.997.211078.193.210199
Cash Flow from Ops. 21211397.857.622891.662.2111219247-
Debt/CF from Ops. 2.16.32.64.60.83.210.74.72.22-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 5.7%18.6%18.1%10.1%
Adj EPS -2.9%9.8%-3.4%7.9%
BVPS1.4%15%12.5%10.8%
Share Price 0.4% 8.9% 19.3% -10%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
18.5313.923.115.219.918.611.612.311.810.8
Op. Profit
Mgn %
157.810.611109.99.68.69.79.910
Net Profit
Mgn %
7.72.765.85.36.26.63.63.83.73.5
Debt to
Equity
0.60.80.80.70.40.61.10.80.60.6-
Working Cap
Days
12930621317516312113811612212452
Cash Conv.
Cycle
3697687072364846434012

Valuation of Greenply Industries - Consolidated

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!

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,6689121,4121,4201,1651,5631,6632,1802,4882,739
Operating Expenses + 1,4238461,2691,2651,0501,4131,5091,9942,2502,469
Manufacturing Costs108364850415151109115124
Material Costs8835648538356849351,0331,3161,4841,627
Employee Cost 177117151163149193217279316351
Other Costs 254128216216175232208291335366
Operating Profit 24566143156115150154186238271
Operating Profit Margin (%) 14.7%7.3%10.1%11.0%9.9%9.6%9.3%8.5%9.6%9.9%
Other Income + 414281017151619
Exceptional Items 000-500010140-15
Interest 198192117129434355
Depreciation 51182226232626556065
Profit Before Tax 181351116181125125115117125
Tax 56143213203019302535
Profit After Tax 1252180476195106859290
PAT Margin (%) 7.5%2.3%5.6%3.3%5.2%6.1%6.4%3.9%3.7%3.3%
Adjusted EPS (₹)10.29.06.53.95.07.77.45.77.37.2
Dividend Payout Ratio (%)5.90%6.70%6.20%10.40%8.10%6.50%6.70%8.80%6.80%7%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 773878335378436525617692806893
Share Capital 12121212121212121212
Reserves 760865323366424512605680794881
Debt +394682222237157255593468426399
Long Term Debt266485805872143515391372369
Short Term Debt1281981411798511278775330
Minority Interest0000000001
Trade Payables208219232232204216243333535452
Others Liabilities 201504288105111156225163175207
Total Liabilities 1,5752,2821,0779529091,1521,6781,6571,9431,952

Fixed Assets

Net Fixed Assets +526580252314308353459865857907
Gross Block7978903634474605246551,0741,1201,227
Accumulated Depreciation272309111132152172196209263320
CWIP 2697701756110513124450
Investments 2618222423266436755
Inventories158231169177179226278348518364
Trade Receivables298286305357194186229249323407
Cash Equivalents 783421101287331222528
Others Assets 2193632916570179161116109141
Total Assets 1,5752,2821,0779529091,1521,6781,6571,9431,952
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 21211398582289262111219247
PBT 1811641116181125111101117125
Adjustment 711054551374375112144167
Changes in Working Capital 1-112-33-26124-44-120-65-13-14
Tax Paid -41-43-26-28-15-32-4-38-29-32
Cash Flow From Investing Activity + -363-328-84-57-125-129-409-143-147-152
Capex -370-329-84-56-18-229-412-132-74-155
Net Investments 00-0-2-110953-12-762
Others 7101351132
Cash Flow From Financing Activity + 190164-28-19-928031847-83-78
Net Proceeds from Shares 50000013260
Net Proceeds from Borrowing 15115940-221873390-49-1410
Interest Paid -23-49-18-18-14-11-37-65-40-52
Dividend Paid -7-7-7-5-5-5-6-6-6-6
Others 1962-4226-9122-31165-29-30
Net Cash Flow 39-50-14-191143-2915-1116
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)18.092.5213.1413.2514.9619.7218.5713.0212.2410.57
ROCE (%)19.053.0111.9413.2415.3918.7812.5712.4712.6513.47
Asset Turnover Ratio1.280.480.841.41.251.521.181.311.381.41
PAT to CFO Conversion(x)1.75.381.231.233.740.970.581.312.382.74
Working Capital Days
Receivable Days64.60114.9076.308586.2044.4045.60404248.70
Inventory Days30.5076.7051.8044.5055.8047.3055.3052.4063.5058.80
Payable Days94.3013889.5087.3010882.1076.207196.9098.90

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Announcements

Greenply Industries Ltd FAQs

The current trading price of Greenply Industries on 12-Aug-2026 16:59 is ₹276.7.

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-Aug-2026 the market cap of Greenply Industries stood at ₹3,456 Cr

The latest P/E ratio of Greenply Industries as of 11-Aug-2026 is 45.29.

The latest P/B ratio of Greenply Industries as of 11-Aug-2026 is 3.77.

The 52-week high of Greenply Industries is ₹337.0 and the 52-week low is ₹178.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Greenply Industries is ₹2,081 ( Cr.) .

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

The key valuation ratios of Greenply 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 Weak which suggest that the price of Greenply Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Greenply Industries Ltd

Greenply Industries (GIL) incorporated in 1990; is engaged in manufacturing plywood.Greenply Industries Limited (GIL) is India's largest interior infrastructure company. It stands at top when it comes to plywood, decorative veneers and particle boards. It account for almost 36 percent of the organized plywood and 26 percent of the organized laminate market in India. The company manufactures plywood, laminates, decorative veneers, particle boards and prelam particle boards/MDF.

The company has a pan-India presence with 46 branches across India and presence in over 300 cities across 21 states.

Company’s laminate brand Greenlam is exported to more than 25 countries that include Thailand, Indonesia, Taiwan, Canada, Bahrain, Hong Kong, Malaysia, Singapore, Kenya, Dubai, Russia, Syria, USA, Australia, Mexico, Saudi Arabia, China and Israel.

Greenply has created brands such as Greenply Plywood, Greenlam Laminates, Green Lamieboard, Ecotec, Green Club Premium Ply and Green Decowood.

Greenlam, the flagship decorative laminate brand from Greenply is exported to more than 100 countries including Thailand, Indonesia, Taiwan, Canada, Bahrain, Hong Kong, Malaysia, Singapore, Kenya, Dubai, Russia, USA, Australia, Mexico, Saudi Arabia, China, United Kingdom and Europe.

The company owns subsidiaries namely Greenlam Asia Pacific Pte to develop market in ASEAN countries and Greenlam America Inc. for marketing and distribution of its laminate products.

Awards/ Recognition

The company has received various certifications such as OHSAS-18001, ISO-14001, ISO-9001 and CBRI Certification for its quality management.

Company received award for the best advertisement campaign in building material, real estate and other related industries at Hindware ArchiDesign Awards

GIL was awarded Abby Gold in the category of the homes, décor and leisure film.Milestones

  • Greenlam Laminates become the First Non US brand to get Greenguard certification from Greenguard Evironmental Institute (GEI) US for indoor air quality
  • 1993- Set up of the plant for the manufacturing of laminates at Behror, Rajasthan with a capacity of 12 lacs sheets per annum under the name 'Mittal Laminates Private Limited'.
  • 1995 The equity shares of our Company were listed pursuant to an offer for sale.
  • 1995 Amalgamation of the erstwhile Greenply Industries Limited with our Company with effect from April 1, 1994 pursuant to which the plywood manufacturing unit at Tizit, Nagaland was transferred to our Company. Pursuant to the amalgamation, the name of our Company was changed to 'Greenply Industries Limited'.
  • 1998 Commenced manufacture of pre-laminated particle board at our unit at Behror, Rajasthan.
  • 2002 Grant of ISO 9001 Certification for the Quality Management Systems for the Behror unit and ISO 14001 Certification for the Environmental Management Systems for the Behror unit.
  • 2003 Grant of OHSAS 18001 Certification for the 'Occupational Health and Safety Management System' for our Behror unit.
  • 2003 Commenced manufacture of decorative veneers at our unit at Behror, Rajasthan.
  • 2005 Received certificate for being a “Two-Star Export House” from the Director General, Foreign Trade, Government of India.
  • 2005 Amalgamation of Worthy Plywood Limited with our Company pursuant to which the plywood manufacturing unit at Kriparampur, West Bengal was transferred to our Company.
  • 2005-06 First company to attract FII investment in its sector.
  • 2006 Acquisition of Greenlam Asia Pacific Pte. Limited, Singapore as a wholly owned subsidiary with the object of marketing our Company’s laminates in the south east Asian markets.
  • 2006 Setting up of unit at Pantnagar, Uttarakhand for the manufacture of plywood and particle boards.
  • 2007 Acquisition of Galaxy Decor Private Limited and Platinum Veneers Private Limited as wholly owned subsidiaries which owned the plywood manufacturing facility at Bamanbore, Gujarat.
  • 2008 Received GREENGUARD Certification for our Greenlam Laminates.
  • 2008 Incorporated Greenlam America, Inc. as a wholly owned subsidiary in the state of Florida with the object of marketing our Company’s high pressure laminates in North America.
  • 2008 Green Defender (Fire Retardant Plywood) certified by the Central Building Research Institute (CBRI).
  • 2009 Amalgamation of Galaxy Decor Private Limited and Platinum Veneers Private Limited with our Company
  • 2010 Power brand Status
  • 2010 Setting up of India's largest and most technologically advanced MDF plant at Pantnagar, Uttarakhand.
  • 2010 FSC certification for Pantnagar and Kriparampur plants awarded by the prestigious Rainforest Alliance Smartwood Program.
  • 2010 ISO 9001, ISO 14001 and OHSAS 18001 certifications for Pantnagar, and Kriparampur Units.
  • 2010 Social Accountability (SA) Certificate SA8000 for our Kriparampur unit.
  • 2010 ISO 9001 certification for Rajkot Unit.
In 2010

Greenply achieved Power brand Status
Greenply set up of India's largest and most technologically advanced MDF plant at Pantnagar, Uttarakhand.
Greenply achieved FSC certification for Pantnagar and Kriparampur plants awarded by the prestigious Rainforest Alliance Smartwood Program.
Greenply achieved ISO 9001, ISO 14001 and OHSAS 18001 certifications for Pantnagar, and Kriparampur Units.
Greenply achieved Social Accountability (SA) Certificate SA8000 for our Kriparampur unit.
Greenply achieved ISO 9001 certification for Rajkot Unit.'

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