1. Greenpanel Industries
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69% Buy

Greenpanel Industries Share Price

GREENPANEL

₹300.55+₹3.25 (1.09%) TodayLast updated on 18 May, 2024 | 12:29 PM IST
₹298.70₹302.80
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Company overview

Financial performance

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Market cap

Market Cap Switch₹3,646 Cr

Open

₹300.80

Close

₹297.30

Circuit range

₹312.15 - ₹282.45

Day range

₹298.70 - ₹302.80

Year range

₹287.15 - ₹449.90

Volume

26,811

Avg. traded

₹300.48

Revenue (12m)

₹1,567 Cr

Greenpanel Industries

Greenpanel Industries Ltd is India’s largest wood panel manufacturer offering medium-density fibreboard, plywood and flooring as its key products.

Apart from supplying its products domestically, Greenpanel also exports to 12 countries (majorly to the UAE and Southeast Asian countries). It enjoys a leadership position with a 27% market share in the organised medium-density fibreboard segment in India.

The company has a network of over 2,300 distributors in India, with over 12,000 retailers selling its products.

The company’s manufacturing units are located at Rudrapur in Uttarakhand and Tirupati in Andhra Pradesh with a combined annual capacity of 660,000 cubic metres (CBM). Greenpanel’s manufacturing facility in Tirupati is Asia’s largest medium-density fibreboard (MDF) plant, spanning across 200 acres.

During 2022-23, Greenpanel announced the commissioning of a new MDF plant at its existing manufacturing unit in Andhra Pradesh with an additional installed capacity of 231,000 CBM per annum. The additional capacity will increase MDF production capacity of the company by 35% to 891,000 CBM per annum. The commercial production of the plant is expected to begin in the first quarter of 2024-25.

Greenpanel Industries operated earlier as a wholly owned subsidiary of Greenply Industries Ltd. In 2018, Greenply decided to demerge its medium-density fibreboard business. The demerged entity was named Greenpanel Industries and was listed on exchanges on October 23, 2019.

As of January 4, 2024, Greenpanel Industries’ market capitalisation stood at over ₹5,200 crore. Greenpanel share price has surged over 230% in the past three years.

Business operations

Greenpanel’s leading segment is its MDF business that accounted for 86% of its revenue in 2022-23. The plywood business contributed the remaining 14% to the company’s revenue.

MDF segment:

The company’s medium-density fibreboard product range includes interior grade, exterior grade, club grade, pre-laminated, carb and E-1 and fire-resistant MDF.

This segment also includes different products available for residential and various commercial flooring applications. There are two collections in this range – the Prima collection and the Personal collection. The company sells decorative doors and commercial doors. Decorative doors are available in three variants – natural teak doors, laminated doors and natural veneer doors.

Plywood segment:

The company has a 4% share of the organised plywood market in India. Greenpanel manufactures premium grade plywood with its product range including club grade, BWP grade, MR grade and G Pro grade plywood.

Financial highlights

Greenpanel Industries did not have a smooth run in 2022-23 as the company witnessed a steep increase in its raw material cost. On top of that, domestic sales volumes were hit, both in the MDF and plywood segments. Though, higher exports compensated for some of the decline in domestic sales volume during the year. The company’s consolidated revenue stood at ₹1,778.55 crore in FY23, up 12.16% from ₹1,585.74 crore in FY22. Greenpanel’s EBITDA was down 0.8% to ₹435.87 crore in FY23 compared with ₹439.39 crore in FY22. EBITDA margins fell 320 basis points to 24.51% in FY23 compared with 27.71% in FY22. The profit after tax (PAT) stood at ₹256.51 crore in FY23, up 6.67% from ₹240.47 crore in FY22.

Greenpanel Industries Key indicators

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52 week high

₹449.90

52 week low

₹287.15

P/E ratio

25.56

P/B ratio

2.74

ROE

21.02%

ROCE

25.21%

Dividend yield

0.51%

Debt/Equity ratio

0.16

EPS

18.75

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Investment checklist: (4/6)

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

69%

Hold

23%

Sell

8%

This analysis is based on the reviews of 13 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

22.92%

Net profit margin

12.3%

ROE

21.02%

ROA

14.07%

ROCE

25.21%

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Greenpanel Industries Shareholder returns

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1 day

+1.05%

1 week

+1.45%

1 month

-6.93%

3 months

-17.42%

1 year

-9.74%

3 years

+20.54%

5 years

+634.98%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

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Cash flow

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Balance sheet

All values are in ₹ Crores (Cr)
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Greenpanel Industries Share Price history

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Shareholding info

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Promoters (53.13%)

Mutual Funds (25.56%)

Retail and other (18%)

Foreign institutions-FII (2.99%)

Other domestic institutions (0.33%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹1.5/share

    Ex date 09 Feb 2024

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  • Dividend • ₹1.5/share

    Ex date 09 Feb 2023

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  • Dividend • ₹1.5/share

    Ex date 03 Feb 2022

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Frequently asked questions