We interacted with the CFO of Greenpanel Industries in a roundtable meeting with sell-side analysts to understand industry outlook and company positioning. Management highlighted that the Indian MDF industry is still in a nascent stage and continues to witness robust structural growth, driven by increasing adoption of modular furniture and organized retail demand. Industry demand is growing at a healthy pace of ~15-18%, with supply being concentrated among a few large players. Management believes Greenpanel is well positioned to capitalize on this opportunity supported by (a) its available capacities, (b) focus...