Greenply Industries Limited

NSE: GREENPLY · Plywood Boards/ Laminates

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52W Range₹176 – ₹334

Snapshot

Unlock Greenply Industries Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Greenply Industries Limited is an interior infrastructure company that manufactures, markets, and distributes a wide range of plywood, block boards, decorative veneers, flush doors, and wood floors. The company operates through an extensive network of distributors, dealers, and retailers across India and international markets.

Business Model

The company generates revenue through the manufacturing and sale of wood-based panel products and interior infrastructure materials. It leverages a robust distribution network to supply its diverse product portfolio to both residential and commercial construction sectors.

Growth Outlook

Growth is primarily driven by the expansion of the Indian real estate and interior infrastructure sectors, which increase demand for plywood and allied products. The company continues to focus on strengthening its distribution footprint to capture market share in the organized wood panel industry.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of timber and other raw materials can significantly impact the company's operating margins.
  • Cyclicality of Real Estate. The demand for plywood and interior products is highly dependent on the cyclical performance of the construction and real estate sectors.
  • Intense Competition. The company faces stiff competition from both organized players and a large, price-sensitive unorganised sector in the plywood market.
  • Regulatory and Environmental Risks. Stringent environmental regulations regarding timber sourcing and forest conservation may impact supply chain operations and production costs.

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Key Metrics

REVENUE

₹2,974 Cr

TTM · consolidated

+16.5%YoY

NET PROFIT

₹126 Cr

TTM · consolidated

+47.2%YoY

EPS

₹10.06

TTM · consolidated

+46.9%YoY

RETURN ON EQUITY

13.8%

TTM · consolidated

+3.7 ppYoY

RETURN ON CAPITAL EMPLOYED

18.2%

TTM · consolidated

+1.6 ppYoY

P/E

26.3×

Q2 FY27 · consolidated

26.3 vs 36.0x5Y avg

EV/EBITDA

12.4x

Q2 FY27 · consolidated

12.4 vs 20.8x5Y avg

EBITDA MARGIN

11.1%

TTM · consolidated

+0.8 ppYoY

NET PROFIT MARGIN

5.3%

Q2 FY27 · consolidated

+3.0 ppYoY

DEBT TO EQUITY

0.6x

Q2 FY27 · consolidated

-0.01xYoY

Peers · Plywood Boards/ Laminates

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Greenply Industries LimitedGREENPLY
₹3,531 Cr26.3×12.4016.5%11.1%13.8%18.2%-13.4%
Century Plyboards (India) Ltd.CENTURYPLY
₹14,117 Cr49.4×21.5123.4%12.6%12.0%16.9%-14.3%
Greenlam Industries LimitedGREENLAM
₹5,283 Cr58.4×16.8220.1%11.8%8.1%11.3%-19.6%
Stylam Industries LimitedSTYLAMIND
₹4,649 Cr27.8×18.9111.5%20.3%21.6%27.3%+38.7%
Greenpanel Industries LimitedGREENPANEL
₹1,622 Cr230.6×14.1411.6%8.9%0.5%2.1%-56.3%
Rushil DecorRUSHIL
₹462 Cr20.7×7.487.1%10.6%3.5%7.3%-38.7%

As of Q2 FY27

Financials