Greenpanel Industries Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Medium Density Fibre Board & Allied Products: 91.4% • Plywood & Allied Products: 8.6%
AI Sector View
AI GENERATEDConsumer Durables
Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.
PROS
- Latest quarter profit grew 103.5% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.82x)
- Company has a consistent dividend-paying track record
- Company maintains a comfortable, low leverage position
CONS
- Company is loss-making at the operating / net level
- Receivables are growing faster than sales - a possible quality concern
- Company has a low return on capital employed of 5.8%
- Company has a low return on equity of 4.7% over last 3 years
- Interest coverage is weak at -0.2x - earnings barely cover interest
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| CENTURYPLY | 717.90 | 54.78 | 15949.80 | 0.14 | 83.30 | 57.39 | 1561.38 | 33.52 | 11.66 | 12.67 |
| GREENPLY | 289.45 | 36.66 | 3615.29 | 0.17 | 37.61 | 32.16 | 724.89 | 20.65 | 13.47 | 10.01 |
| GREENPANEL | 153.45 | 13.19 | 1881.72 | 0.33 | 29.80 | -56.76 | 396.60 | -10.15 | -0.40 | 12.94 |
| ORIRAIL | 124.00 | 17.65 | 831.53 | 0.08 | 10.75 | 82.98 | 137.58 | 16.69 | 12.04 | 15.23 |
| ARCHIDPLY | 102.60 | 15.65 | 203.81 | 0.00 | 5.62 | 888.91 | 189.01 | 27.84 | 3.62 | 7.37 |
| ADL | 74.75 | 0.00 | 41.61 | 0.00 | -0.25 | -78.57 | 11.05 | -0.08 | 3.34 | -0.16 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 386 | 399 | 386 | 397 | 365 | 337 | 359 | 375 | 328 | 396 | 416 | 399 | 350 | |
| 320 | 330 | 326 | 345 | 329 | 307 | 342 | 327 | 344 | 371 | 375 | 369 | 350 | |
| Operating Profit | 66 | 69 | 60 | 52 | 36 | 30 | 17 | 48 | -16 | 25 | 41 | 30 | -0 |
| OPM % | 17.03% | 17.31% | 15.55% | 13.00% | 9.88% | 8.86% | 4.83% | 12.80% | -4.82% | 6.26% | 9.81% | 7.51% | -0.14% |
| 6 | 7 | 2 | 7 | 6 | 6 | 7 | 4 | 3 | 3 | 3 | 5 | 3 | |
| Interest | 4 | 2 | 6 | 0 | 2 | 3 | -1 | 2 | 10 | 11 | 7 | 9 | 6 |
| Depreciation | 18 | 18 | 18 | 18 | 19 | 19 | 19 | 20 | 25 | 26 | 25 | 25 | 25 |
| Profit before Tax | 50 | 55 | 38 | 40 | 21 | 13 | 5 | 30 | -47 | -9 | 11 | 1 | 2 |
| Tax % | 25.57% | 26.20% | 27.48% | 26.00% | 26.52% | -38.13% | -63.34% | 1.08% | 26.94% | 31.00% | 10.57% | -30.19% | 42.37% |
| Net Profit | 37 | 41 | 28 | 30 | 16 | 18 | 8 | 29 | -35 | -6 | 10 | 1 | 1 |
| 3.02 | 3.32 | 2.26 | 2.43 | 1.28 | 1.51 | 0.69 | 2.40 | -2.82 | -0.50 | 0.83 | 0.11 | 0.10 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 587 | 860 | 1,020 | 1,624 | 1,783 | 1,567 | 1,436 | 1,539 | 1,561 | |
| 0 | 504 | 724 | 815 | 1,206 | 1,372 | 1,321 | 1,305 | 1,460 | 1,466 | |
| Operating Profit | -0 | 83 | 135 | 205 | 418 | 411 | 246 | 131 | 80 | 95 |
| OPM % | — | 14.19% | 15.74% | 20.08% | 25.74% | 23.03% | 15.70% | 9.14% | 5.18% | 6.09% |
| 0 | 13 | -9 | 3 | 8 | -6 | 22 | 23 | 15 | 14 | |
| Interest | 0 | 24 | 48 | 35 | 16 | 19 | 12 | 7 | 37 | 33 |
| Depreciation | 0 | 50 | 65 | 64 | 68 | 69 | 73 | 77 | 101 | 101 |
| Profit before Tax | -0 | 22 | 13 | 108 | 342 | 317 | 183 | 70 | -44 | 6 |
| Tax % | -0.00% | -101.15% | -20.45% | 29.69% | 31.73% | 27.40% | 26.25% | -3.47% | 33.44% | -16.58% |
| Net Profit | -0 | 44 | 16 | 76 | 233 | 230 | 135 | 72 | -29 | 7 |
| EPS | -0.52 | 3.60 | 1.32 | 6.21 | 19.03 | 18.75 | 11.03 | 5.88 | -2.38 | — |
| Dividend Payout % | 0.00% | — | 0.00% | 0.00% | 7.88% | 8.00% | 13.60% | 5.10% | -21.05% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 9%
- 3 Years:
- -5%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- -12%
- 3 Years:
- -26%
- 1 Year:
- -52%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 12%
- 3 Years:
- 5%
- Last Year:
- -2%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0 | 0 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| -0 | 668 | 685 | 761 | 975 | 1,189 | 1,305 | 1,373 | 1,344 | |
| 0 | 636 | 606 | 480 | 298 | 227 | 259 | 362 | 294 | |
| Trade Payables | 0 | 82 | 123 | 131 | 148 | 111 | 109 | 103 | 118 |
| 0 | 99 | 70 | 90 | 131 | 165 | 220 | 286 | 280 | |
| Total Liabilities | 0 | 1,485 | 1,496 | 1,475 | 1,564 | 1,705 | 1,906 | 2,136 | 2,047 |
| 0 | 1,118 | 1,088 | 1,043 | 1,009 | 992 | 982 | 1,559 | 1,425 | |
| Capital Work in Progress | 0 | 4 | 6 | 4 | 0 | 5 | 313 | 11 | 20 |
| 0 | 47 | 52 | 52 | 52 | 22 | 98 | 121 | 0 | |
| 0 | 131 | 154 | 149 | 166 | 153 | 202 | 199 | 189 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 44 | 42 | 88 | |
| Cash & Bank | 0 | 18 | 10 | 72 | 221 | 356 | 140 | 105 | 197 |
| 0 | 167 | 186 | 155 | 115 | 178 | 127 | 100 | 127 | |
| Total Assets | 0 | 1,485 | 1,496 | 1,475 | 1,564 | 1,705 | 1,906 | 2,136 | 2,047 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| -0 | 31 | 107 | 227 | 418 | 402 | 135 | 78 | 111 | |
| Cash from Investing | 0 | -117 | -28 | -77 | -137 | -254 | -156 | -166 | 17 |
| Cash from Financing | 0 | 105 | -82 | -131 | -180 | -131 | 50 | 82 | -115 |
| 0 | 14 | -9 | 3 | 43 | -45 | 29 | -6 | 12 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-21 - Greenpanel Industries Limited has informed the Exchange about Credit Rating
2026-08-15 - Greenpanel Industries Limited has informed the Exchange about Transcript
2026-08-11 - Greenpanel Industries Limited has informed the Exchange regarding 'Promoter reclassification request'.
2026-08-11 - Greenpanel Industries Limited has informed the Exchange about Link of Recording
2026-08-10 - Greenpanel Industries Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-08 - Greenpanel Industries Limited has informed the Exchange about Investor Presentation
2026-08-08 - Greenpanel Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-07 - Greenpanel Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 07, 2026. Further, the company has informed the Exchange regarding voting results.
2026-08-07 - Greenpanel Industries Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
News
Recent coverage and analyst commentary for GREENPANEL
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