View 7 reports from 3 analysts offering long term price targets
for Greenpanel Industries Ltd..
Greenpanel Industries Ltd. has an average target of 631.50. The consensus estimate
represents an upside of 77.09%
from the last price of 356.60.
- This broker has downgraded this stock from it's previous report. (eg. - Buy->Hold)
- Broker has maintained previous recommendation but reduced share price target.
- This broker has upgraded this stock from it's previous report.(eg. - Sell->Hold)
- Broker has maintained previous recommendation but increased share price target.
Greenpanel Industries (GREENP) has reported Q2FY23 consolidated operating margin decline of 170bps YoY to 24.7% due to margin decline of 100bps/630bps YoY in MDF/plywood segment on account of RM cost pressure.
Our positive stance on Greenpanel Industries (GREENP) stands bolstered post our interactions with dealers and industry participants indicating MDF demand remains healthy and continues to grow in double digits YoY (in the ongoing quarter too) despite a YoY strong base.
Domestic MDF demand remains strong in Q4FY21 backed by higher purchases of readymade furniture, a shift away from low-end plywood and continued slowdown in imports (25-30% of the total market).
Greenpanel Industries (GREENP), the newly demerged entity of Greenply Industries, reported consolidated revenue growth of 44% YoY in Q2FY20 aided by a 53%/40% upswing in the plywood/MDF segments.
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