NSE: GREENPLY | BSE: 526797

Mid-range Performer

Download real time

298.60 5.20 (1.77%)

25.61% Fall from 52W High

76,634 NSE+BSE Volume

NSE 15 Oct, 2025 3:31 PM (IST)

3,728.9

Market Cap

Market Runner Up

1.2

Beta 1Year

Very High Volatility

Greenply Industries Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for GREENPLY, BSE:526797 Greenply Industries Ltd.

Greenply Industries Ltd.

26 Jul 2023

298.60

1.77%

Muted quarter; MDF performance holds the key for future

Buy: Greenply Industries Ltd.

Target

ICICI Securities Limited

Greenply Industries (MTLM) reported consolidated revenue growth of 5.0% YoY in Q1FY24, with India plywood business growing 4.4% YoY while plywood volume grew 1.6% YoY (4-year CAGR of 4.7%) and realisation was up 2.9% YoY. Consolidated EBITDA margin contracted 258bps YoY to 6.3% due to EBITDA loss of INR 73mn in MDF segment (which commenced operations in May’23), while India plywood EBITDA margin was flat YoY (due to higher A&P spend despite gross margin expansion of 320bps YoY).

Greenply Industries .. has an average target of 375.25 from 4 brokers.

Greenply Industries Ltd.

01 Jun 2023

298.60

1.77%

Plywood business on steady growth path, MDF ramp-up holds the key

Buy: Greenply Industries Ltd.

Target

ICICI Securities Limited

Greenply Industries (MTLM) reported consolidated revenue growth of 4.6% YoY (4-year CAGR 4.6%) in Q4FY23, with India plywood business (including Sandila subsidiary) growing at 3.1% YoY while plywood volumes were flat YoY (4-year CAGR of 2.2%).

Greenply Industries .. has an average target of 375.25 from 4 brokers.

Greenply Industries Ltd.

06 Mar 2023

298.60

1.77%

Greenply Industries: Initiating Coverage

Buy: Greenply Industries Ltd.

IDBI Capital

Greenply Industries .. has an average target of 375.25 from 4 brokers.

Greenply Industries Ltd.

15 Feb 2023, 12:00AM

298.60

1.77%

Greenply Industries

Hold: Greenply Industries Ltd.

Target

ICICI Direct

Greenply Industries .. has an average target of 375.25 from 4 brokers.

Greenply Industries Ltd.

14 Feb 2023, 12:00AM

298.60

1.77%

Lacklustre quarter; near-term challenges to persist

Buy: Greenply Industries Ltd.

Target

ICICI Securities Limited

Greenply Industries (MTLM) reported a tepid consolidated revenue growth of 1.7% YoY (3-year CAGR 7.4%) in Q3FY23, on a high base, with India plywood business (standalone & Sandila) growing at 8.7% YoY, while plywood volume was flat YoY (3- year CAGR of 3.7%). Consolidated operating margin declined 257bps YoY to 7.6%, as India plywood operating margin contracted ~90bps YoY and Gabon operations margin declined ~880bps YoY (due to slowdown in European demand) resulting in EBITDA/PBT decline of 24%/45.6% YoY.

Greenply Industries .. has an average target of 375.25 from 4 brokers.

Greenply Industries Ltd.

08 Nov 2022

298.60

1.77%

Greenply Industries

Hold: Greenply Industries Ltd.

Target

ICICI Direct

Greenply Industries Ltd. is trading below all available SMAs

Greenply Industries Ltd.

08 Nov 2022

298.60

1.77%

Margin headwinds to persist in near-term

Buy: Greenply Industries Ltd.

Target

ICICI Securities Limited

Greenply Industries (MTLM) reported better than expected consolidated revenue growth of 14.4% YoY with standalone India plywood business growing at 14.8% YoY (3-yr CAGR of 7.7%) aided by volume growth of 6.9% YoY (3-yr CAGR of 3.9%) on a high base YoY.

Greenply Industries .. has an average target of 375.25 from 4 brokers.

Greenply Industries Ltd.

08 Nov 2022

298.60

1.77%

Greenply Industries (BUY): Stable quarter but margins disappoint

Buy: Greenply Industries Ltd.

Target

BOB Capital Markets Ltd.

Consolidated Q2 revenue grew 14% YoY on a 7% increase in volumes and 6% higher realisations in India plywood operations

Greenply Industries .. has an average target of 375.25 from 4 brokers.

Greenply Industries Ltd.

09 Aug 2022

298.60

1.77%

Margins continue to disappoint

Buy: Greenply Industries Ltd.

Recommendation Target

ICICI Securities Limited

Greenply Industries (MTLM) reported better than expected consolidated revenue growth of 73.9% YoY with standalone India plywood business growing at 85% YoY (3-
year CAGR of 8.9%) aided by volume growth of 79% YoY (3-year CAGR of 5.7%) due to
low base.

Greenply Industries Ltd. is trading below all available SMAs

Is Greenply Industries Ltd. worth buying?

108 Votes:

Buy 74.07%

Sell 18.52%

Hold 7.41%

RESEARCH REPORTS

Hold SEE REPORTS >

pdf

Buy SEE REPORTS >

pdf