NSE: GREENPLY | BSE: 526797

Strong Performer, Getting Expensive

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319.50 -4.40 (-1.36%)

30.35% Gain from 52W Low

39,917 NSE+BSE Volume

NSE 22 Sep, 2025 1:02 PM (IST)

3,989.9

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.

04 Jun 2018

319.50

-1.36%

Greenply Industries Ltd. - Result Update - 04 June 2018

Hold: Greenply Industries Ltd.

Way2Wealth

Net sales for FY18, grew by 0.7% to `1673crs. Plywood segment reported sales de-growth of 1.7% at `1147.94 crs. This was on the back of lower realisations (3.1%) (i.e. adverse mix); while volumes recorded a growth of 1.6%. MDF segment recorded sales de-growth of 1.1% at `471.7 crs. with volumes under pressure this year as competition took steep prices cuts and Greenply stood the on prices. Gross margin reduced by 30 bps to 46.5%. EBIDTA margin for FY18 stood at 14.7%.for...

Greenply Industries Ltd. is trading above all available SMAs

Greenply Industries Ltd.

31 May 2018

319.50

-1.36%

Greenply Industries

Buy: Greenply Industries Ltd.

Target

ICICI Securities Limited

EBITDA margins contracted 290 bps YoY to 13.1% (our estimate: 15.4%) due to a 300 bps contraction in the plywood division to 9.1 Net profit contracted significantly by 22.0% to | 32.6 crore (our expectation: | 39.8 crore) due to EBITDA margin contraction The board has recommended a dividend of | 0.6/ share for FY18 De-merging MDF business, Rudrapur plywood unit into Greenpanel The board has approved the de-merger of GIL's MDF business (both north plant and upcoming south plant), Rudrapur plywood unit, wood floors...

Greenply Industries Ltd. is trading above all available SMAs

Greenply Industries Ltd.

31 May 2018

319.50

-1.36%

Result Updates

Buy: Greenply Industries Ltd.

Target

Angel Broking

For 4QFY2018, Greenply Industries disappointed both on the top-line as well as on the bottom-line front. Revenue de-grew by ~8.6% yoy to `437cr on an account of poor performance in Plywood segment as well as in MDF segment. On the operating front, margins contracted by 228bps due to due to lower realisations in Plywood and losses in Wallp..

Greenply Industries Ltd. is trading above all available SMAs

Greenply Industries Ltd.

23 May 2018

319.50

-1.36%

INVESTMENT NOTE : GREENPLY INDUSTRIES LIMITED

Buy: Greenply Industries Ltd.

Choice India

Greenply Industries Ltd ( GIL ) is an interior infrastructure company with a strong retail network of 48 branches across 300 cities in 21 states. The Company has over 12,000 dealers/ sub dealers/ distributors/ retailers. GIL accounts for 26% of the total organized plywood market in India and 30% market share in domestic Medium Density Fibreboard ( MDF )market. GIL produces residential and commercial floor products like plywood and block boards, MDF and wood floors, veneers etc....

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

Greenply Industries Ltd.

03 Mar 2018

319.50

-1.36%

Initiating Coverage

Buy: Greenply Industries Ltd.

Angel Broking

Greenply Industries Ltd (GIL) manufactures plywood & allied products and medium density fibreboards (MDF). GIL offers a portfolio of residential and commercial products comprising plywood & block boards, MDF, wood floors, flush doors and decorative veneers. GIL offers wood floors under the brand name Green Floormax. Currently, GIL..

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

Greenply Industries Ltd.

08 Feb 2018

319.50

-1.36%

Greenply Industries

Buy: Greenply Industries Ltd.

ICICI Securities Limited

Plywood volumes grew strongly by 13.1% to 12.4 MSM (million square metre) (our estimate: 12.7 MSM) while MDF volumes grew 16.0% to 43790 CBM (cubic metre) (our estimate: 43639 CBM) EBITDA margins expanded robustly by 190 bps YoY to 15.7% (our estimate: 15.0%) led by expansion in MDF margins by 1360 bps YoY to 33.9% due to currency gains of | 8.2 crore at Andhra MDF facility Net profit zoomed 1.5x YoY to | 36.1 crore and was largely in-line...

Greenply Industries Ltd. is trading above all available SMAs

Greenply Industries Ltd.

01 Jan 2018

319.50

-1.36%

High Conviction Ideas:01 JAN 2018

Buy: Greenply Industries Ltd.

Axis Direct

Greenply Industries: MDF to be the growth driver, Plywood division to benefit from GST, Asset light model, ROE's to improve; Britannia Industries: Continued Focus on improving rural presence to propel growth, Long term strategic direction, Premiumisation on course

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

Greenply Industries Ltd.

26 Dec 2017

319.50

-1.36%

Greenply Industries

Buy: Greenply Industries Ltd.

Target

ICICI Securities Limited

Management aims to commission new MDF facility by July, 2018 Greenply Industries (GIL) is setting up a new MDF facility in Andhra Pradesh with a capacity of 360,000 CBM entailing a capex of | 750 crore (already spent | 530 crore till Q2FY18). Construction is in full swing while the management is aiming to commission the plant three months ahead of schedule in July, 2018. It plans to operate the plant at 60% capacity utilisation in FY19E. The new plant will cater to southern demand (30% of GIL's MDF sales). The company would export the remaining portion. It is...

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

Greenply Industries Ltd.

05 Dec 2017

319.50

-1.36%

Greenply Industries

Buy: Greenply Industries Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research We attended the analyst meet of Greenply Industries (GIL). Key takeaways are:- (i) MDF division may drive future growth with management aiming to commission new Andhra facility by July, 2018, (ii) Plywood division is expected to grow at 12-15% CAGR in the next two years with benefits of GST, (iii) New UP plywood capacity (13.5 MSM) and Gujarat decorative veneer unit is expected to be commissioned in Q3FY19E, (iv) Reduction in GST rates from 28% to 18% and scheduled implementation of e-way bill...

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

Greenply Industries Ltd.

10 Nov 2017

319.50

-1.36%

Greenply Industries Ltd. - Result Update - 10 November 2017

Hold: Greenply Industries Ltd.

Way2Wealth

EBITDA de-grew by 4% Y-O-Y to `68crs in Q2FY18. EBITDA margins contracted by ~90bps Y-O-Y to 14.3%. Margin contraction was primarily due to loss of `6 crs on foreign currency borrowings and outstanding for new MDF plant at Andhra Pradesh and due to higher advertising expenses. However, gross margins expanded by ~70bpson account of better capacity utilisations and improvement in MDF domestic realisation. EBIDTA margins in...

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

Is Greenply Industries Ltd. worth buying?

107 Votes:

Buy 73.83%

Sell 18.69%

Hold 7.48%

RESEARCH REPORTS

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