Greenply Industries Ltd. share price target

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 (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.

Consolidated Q1 revenue grew 74% YoY backed by a 79% increase in plywood volumes and 3% rise in price realisation for India operations

Consolidated Q4 revenue grew 13% YoY backed by an 8% rise in plywood volumes and 7% rise in price realisation for India operations

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It is foraying into the MDF boards business with greenfield manufacturing set-up at Vadodara, Gujarat of 800 CBM/day (capex of ~| 555 crore) with revenue potential of ~| 600-650 crore per annum at its peak utilisation...

Consolidated Q3 revenue grew 24% YoY backed by 11% increase in plywood volumes and 7% rise in price realisation for India operations

It is foraying into the MDF boards business with greenfield manufacturing set-up at Vadodara, Gujarat of 800 CBM/day (capex of ~| 555 crore) with revenue potential of ~| 600-650 crore per annum at its peak utilisation Q2FY22 Results: GIL reported a strong Q2FY22 performance on favourable base. Topline at | 432.4 crore, was up 46.3% YoY on a benign base (Q2FY21 had ~ 22% YoY decline). It was driven by 57.8% growth in plywood revenues...