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.

09 Nov 2017

316.90

0.17%

Greenply Ind

Accumulate: Greenply Industries Ltd.

Kotak Securities

Revenues for Q2FY18 were ahead of our estimates led by better than expected growth in plywood volumes. Forex fluctuations and decline in plywood realizations impacted the margins. Lower than expected interest expense and lower tax expense led to net profit coming slightly ahead of our estimates. Company expects the volumes to start witnessing improvement from next year onwards once E-way bill gets implemented. Currently, the unorganized market is still not complying to the tax standards and hence the organized players are not able to benefit from the shift of market from unorganized to organized. But once...

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

Greenply Industries Ltd.

27 Oct 2017

316.90

0.17%

Greenply Ind

Buy: Greenply Industries Ltd.

Yes Securities

Asset light outsourcing model for plywood has worked well for GIL: GIL outsources ~30% of its plywood volumes. This has helped the company to focus on the premium category for own production. GIL enjoys a strong brand recall in the plywood business and company's capacity expansion will be coming on-stream at the right time as its existing capacity is already running at full utilization. We expect Plywood to post Volume/Revenue CAGR of 9%/12% over FY17-20E led by midrange brand Ecotec' (Volume/Revenue CAGR of 18%/22% over FY17-20E). Mega capex in progress; expect earning boost post FY19: GIL currently has a 30% market share mainly in the organized Indian MDF market which in turn is worth...

Greenply Industries Ltd. is trading above all available SMAs

Greenply Industries Ltd.

04 Aug 2017

316.90

0.17%

Greenply Industries Ltd. - Result Update - 4 August 2017

Hold: Greenply Industries Ltd.

Way2Wealth

EBITDA de-grew by 21.5% Y-O-Y to `48.7crs in Q1FY18. EBITDA margins contracted by ~240bps Y-O-Y to 12.5%. Margin contraction was primarily due to decrease in plywood volumes and currency loss of `8.58 crs on foreign currency borrowings for new MDF plant. However, Gross margins expanded by ~230bps on account of better capacity utilisations and a 4% improvement in MDF domestic realisation. EBIDTA margins in the Plywood...

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

Greenply Industries Ltd.

03 Aug 2017

316.90

0.17%

Greenply Industries

Buy: Greenply Industries Ltd.

Recommendation Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Greenply Industries' (GIL) topline declined 5.9% YoY to | 390.3 crore (our estimate: | 418.1 crore) due to the poor performance of the plywood division whose revenues de-grew 13.6% YoY to | 253.4 crore (our estimate: | 285.8 crore) due to volume decline of 11.6% Plywood & allied division volumes de-grew 11.6% to 11.1 mn square metre (MSM) (our estimate: 12.2 MSM) while MDF division volumes grew 8.9% to 49883 CBM (our estimate: 49852 CBM)...

Greenply Industries Ltd. is trading above all available SMAs

Greenply Industries Ltd.

01 Jun 2017

316.90

0.17%

Greenply Industries Ltd. - Result Update - 01 June 2017

Results Update: Greenply Industries Ltd.

Way2Wealth

Net sales for Q4FY17 was flat at `446.6crs. Growth was impacted mainly due to lower realisation in both the segments. Plywood sales reported a de- growth of 3.9% (on a net basis). Volume de-growth in the plywood segment was at 1.9% in Q4. MDF sales increased by 8.4% to `138 crs in Q4FY17. MDF segment reported volume growth of 12.7%. Wallpapers contributed ~`2.5 crs to topline in Q4. EBITDA grew by 10.2% Y-O-Y to `72.7crs in Q4FY17. EBITDA margins expanded by ~160 bps Y-O-Y to 16.1%. Margin expansion was primarily due to increase in contribution of MDF to the total mix. Gross margins expanded by ~470 bps on account of improvement in...

Greenply Industries Ltd. is trading above all available SMAs

Greenply Industries Ltd.

30 May 2017

316.90

0.17%

Greenply Industries

Hold: Greenply Industries Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Greenply Industries' (GIL) topline remained flat YoY (down 0.3%) at | 446.6 crore. However, it was above our estimate of | 407.2 crore on account of the strong performance of MDF division. MDF revenues grew 8.3% YoY to | 137.7 crore (our expectation: | 110.4 crore) EBITDA margins expanded 155 bps YoY to 16.0%. It was above our expectation of 14.9% mainly on account of strong performance in the...

Greenply Industries Ltd. is trading above all available SMAs

Greenply Industries Ltd.

03 Feb 2017

316.90

0.17%

Result Update Q3FY17- Greenply Industries Ltd.

Buy: Greenply Industries Ltd.

Religare

Greenply Industries reported a dismal Q3FY17 result as plywood and MDF sales volume declined, impacted by demonetisation. The company reported 11.2%, 24.9% and 34% de-growth in sales, EBITDA and PAT over Q3FY16 respectively.

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

Greenply Industries Ltd.

25 Jan 2017

316.90

0.17%

Greenply Industries Ltd.- Result Update - 25 January 2017

Hold: Greenply Industries Ltd.

Way2Wealth

Net sales de-grew by 14% Y-O-Y to `358.8crs in Q3FY17.Growth was impacted due to demonetisation measures. Plywood sales reported a de- growth of 9.1% (on a net basis). Volume de-growth in the plywood segment was at 6.8% in Q3. MDF sales declined by25.6% to `95.85crs in Q3FY17. MDF segment reported volume de-growth of 22.9%. Wallpapers contributed ~`2.68crs to topline in Q3. EBITDA declined by ~25% Y-O-Y to `48.5crs in Q3FY17. EBITDA margins contracted by ~133bps Y-O-Y to 14.3%. Margin contraction was a trickle-down impact of de-growth of topline and higher ad expenditure to sales, whichwas at 3.1% in Q3FY17 compared to...

Greenply Industries Ltd. is trading above all available SMAs

Greenply Industries Ltd.

25 Jan 2017

316.90

0.17%

Greenply Industries

Hold: Greenply Industries Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Greenply Industries' (GIL) topline de-grew 14.9% YoY to | 358.8 crore in line with our estimate of | 364.4 crore. The revenue decline can be attributed to 10.5% YoY de-growth in revenues of the plywood & allied division to | 260.3 crore (vs. our estimate of | 266.8 crore). MDF revenues de-grew significantly by 25.6% YoY to | 95.9 crore (vs. our estimate of | 94.6 crore) The EBITDA margins contracted 203 bps YoY to 13.3%. However, it...

Greenply Industries Ltd. is trading above all available SMAs

Greenply Industries Ltd.

11 Nov 2016

316.90

0.17%

Greenply Industries Ltd.- Result Update - 11 November 2016

Hold: Greenply Industries Ltd.

Way2Wealth

Net sales grew by 8.5% Y-O-Y to `434.6crs in Q2FY17. FY17. Plywood sales reported growth of 7% (on a net basis) driven by healthy volume growth of 8.4%. MDF sales grew by 9.5% to `123.61crs in Q2FY17.. Growth in MDF was drive by exports. MDF segment...

Greenply Industries Ltd. is trading above all available SMAs

Is Greenply Industries Ltd. worth buying?

107 Votes:

Buy 73.83%

Sell 18.69%

Hold 7.48%

RESEARCH REPORTS

Hold SEE REPORTS >

pdf

Buy SEE REPORTS >

pdf