MarketFriction

Greenply Industries Ltd

NSE GREENPLY · BSE 526797 · Plywood Boards/ Laminates
₹303.70 +1.25%
NSE close2026-10-01
52 week range176.42 - 334.40
Market cap₹3,500 Cr.
P/E31.3
Price band 20% Delivery 55.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales568582600584640614649601689673776725
Expenses519532543531587564602548638622690652
Operating Profit485057535351465251518773
OPM %8%9%10%9%8%8%7%9%7%8%11%10%
Other Income-21646236182-3-132
Interest121591014513191310137
Depreciation141515151515151516171717
Profit before tax213738342633243623224449
Tax %33%26%25%2%32%27%32%21%31%35%29%24%
Net Profit142728331824172816143138
EPS in Rs1.132.172.292.671.421.961.322.281.281.152.463.00
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,6461,6689121,4121,4201,1651,5631,6632,1802,4882,7392,863
Expenses1,4031,4218481,2661,2651,0501,4131,5301,9942,2842,4972,602
Operating Profit24324764146156115150133185204242261
OPM %15%15%7%10%11%10%10%8%9%8%9%9%
Other Income74866-486121212163-12
Interest3119819211712943435544
Depreciation505118222623262655606567
Profit before tax1701811241116181125111100117125139
Tax %24%31%11%28%22%25%24%17%30%22%28%
Net Profit128125111804761959170929099
EPS in Rs10.6310.239.026.503.854.977.737.445.667.347.177.89
Dividend Payout %6%6%7%6%10%8%6%7%9%7%7%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth5%19%18%14%
Compounded Profit Growth-3%10%6%34%
Stock Price CAGR2%9%19%-5%
Return on Equity14%13%11%12%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital121212121212121212121212
Reserves474602760865323366424526632697796882
Borrowings332270446712250279203309695549515515
Other Liabilities331316356521302305275311341405627550
Total Liabilities1,1491,2001,5752,1118879629151,1591,6801,6631,9511,960
Fixed Assets533542526580252314308353459865857907
CWIP1492697701756110513124450
Investments35292618222423266436755
Other Assets567620754742596619578671702742983948
Total Assets1,1491,2001,5752,1118879629151,1591,6801,6631,9511,960
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity18719121211398582289262111219247
Cash from Investing Activity-105-63-363-328-89-58-124-130-410-144-147-152
Cash from Financing Activity-82-100190164-28-19-928031847-83-78
Net Cash Flow12839-50-19-201242-3014-1117
Free Cash Flow102122-158-216142210-138-350-2114591
CFO/OP102%94%102%246%84%55%211%82%49%80%122%115%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days6074651147992614450424754
Inventory Days76556515072779688989612782
Days Payable92998614299101109848692132101
Cash Conversion Cycle4530451225268474763464335
Working Capital Days172410-013157429222322
ROCE %15%24%19%10%12%21%15%18%11%11%12%14%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters52.12%51.97%52.00%52.01%52.01%51.66%51.69%51.69%51.69%51.80%51.90%51.93%
FIIs2.07%4.10%4.13%4.91%5.60%5.76%5.42%4.52%4.49%4.35%4.19%4.44%
DIIs32.39%29.76%30.31%30.33%30.66%30.91%31.05%32.41%32.41%32.12%31.83%31.42%
Public13.41%14.16%13.54%12.75%11.73%11.69%11.85%11.38%11.42%11.74%12.10%12.22%
No. of Shareholders49,20446,17951,37548,07354,00752,91853,46553,18252,56352,37653,76752,337

Fundamentals

Market Cap₹ 3,500 Cr.
Current Price₹ 280
Stock P/E31.3
Book Value₹ 71.6
ROCE14.3 %
ROE11.8 %
Dividend Yield0.18 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)14%
Compounded Profit Growth (TTM)34%
Consolidated figures.
Valuation
Market capRs 3,792 Cr
Enterprise valueRs 4,279 Cr
P/E (TTM)38.45x
Price to book4.24x
Price to sales1.32x
EV / EBITDA17.15x
EV / EBIT23.41x
EV / sales1.49x
Price to cash flow15.36x
Earnings yield2.60%
Dividend yield0.16%
P/E, 3-year average35.01x
P/B, 3-year average3.66x
P/E, 5-year average30.43x
P/B, 5-year average3.73x
Profitability
Operating margin (excl. other income)8.84%
Operating margin (incl. other income)8.95%
EBITDA margin8.71%
Pre-tax margin4.84%
Net profit margin3.44%
Net margin, latest quarter5.18%
ROE10.51%
ROCE13.21%
ROA4.58%
ROE, 3-year average10.97%
ROCE, 3-year average12.21%
ROA, 3-year average4.61%
ROE, 5-year average13.57%
ROCE, 5-year average13.20%
ROA, 5-year average5.88%
ROIC (approx.)9.48%
Tax rate28.33%
Other income / net worth0.35%
Growth
Sales growth (latest year)10.11%
Profit growth (latest year)-2.29%
Sales CAGR, 3 years18.09%
Sales CAGR, 5 years18.64%
Profit CAGR, 3 years-0.70%
Profit CAGR, 5 years8.01%
Sales growth QoQ-6.62%
Profit growth QoQ22.10%
Sales growth YoY (latest quarter)20.65%
Profit growth YoY (latest quarter)32.02%
Per share
EPS (TTM)Rs 7.90
EPS (latest year)Rs 7.17
EPS (latest quarter)Rs 3.00
EPS, 3-year averageRs 6.72
EPS, 5-year averageRs 7.07
Book value per shareRs 71.66
Sales per shareRs 229.28
Cash flow per shareRs 19.77
Free cash flow per shareRs 7.29
Dividend per share (latest year)Rs 0.50
Dividend per share, 3-year averageRs 0.50
Dividend per share, 5-year averageRs 0.50
Dividends
Dividend payout6.97%
Dividend payout, 3-year average7.54%
Dividend payout, 5-year average7.16%
Efficiency
Asset turnover1.40x
Fixed asset turnover3.02x
Inventory turnover4.80x
Inventory days76 days
Debtor days54 days
Debtors turnover6.73x
Creditor days101 days
Cash conversion cycle35 days
Working capital days22 days
Leverage
Total debtRs 515 Cr
Cash and bankRs 28 Cr
Net debtRs 487 Cr
Debt to equity0.58x
Net debt / EBITDA1.95x
Interest coverage4.13x
Current ratio (filing 2026-03-31)1.29x
Quick ratio (filing 2026-03-31)0.74x
Trade payables (filing 2026-03-31)Rs 452 Cr
Owners' fund to total sources45.66%
Debt to assets26.27%
Cash flow
Cash from Operating Activity (latest year)Rs 247 Cr
Cash from Investing Activity (latest year)Rs -152 Cr
Cash from Financing Activity (latest year)Rs -78 Cr
Net Cash Flow (latest year)Rs 17 Cr
Free cash flow (latest year)Rs 91 Cr
FCFE (approx.: FCF + change in debt)Rs 90 Cr
Cash from ops / profit, 5 years1.67x
Sales to cash flow11.09x
Statement figures
Net sales (TTM)Rs 2,863 Cr
Net sales (latest year)Rs 2,739 Cr
Sales (latest quarter)Rs 725 Cr
Operating profit excl. other income (latest year)Rs 242 Cr
Operating profit (latest quarter)Rs 73 Cr
Other income (TTM)Rs -12 Cr
EBITDA (TTM)Rs 249 Cr
PBDT (TTM)Rs 205 Cr
Profit before tax (TTM)Rs 139 Cr
Tax (latest year)Rs 35 Cr
Net profit (TTM)Rs 99 Cr
Net profit (latest year)Rs 90 Cr
Net profit (latest quarter)Rs 38 Cr
Depreciation (TTM)Rs 67 Cr
Depreciation (latest quarter)Rs 17 Cr
Interest (TTM)Rs 44 Cr
Cost of goods sold (latest year)Rs 1,751 Cr
Total expenditure (latest year)Rs 2,497 Cr
Total income (latest year)Rs 2,742 Cr
Share capitalRs 12 Cr
ReservesRs 882 Cr
Shareholders' fundsRs 895 Cr
Total assetsRs 1,960 Cr
Net blockRs 907 Cr
Capital work in progressRs 50 Cr
InvestmentsRs 55 Cr
ReceivablesRs 407 Cr
InventoryRs 364 Cr
Other liabilitiesRs 550 Cr
Shares outstanding (crore)12.49
Ownership
Promoter holding51.93% (+0.24 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 38.5 is at the 72th percentile of its own 9.4-year range (median 30.4, low 12.6, high 68.5).
P/B 4.24 is at the 45th percentile (median 4.43).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodGREENPLYNifty 50Difference
1 week+3.2%-2.8% +6.0 pts
1 month+6.1%-6.8% +12.9 pts
3 months-3.9%-7.6% +3.7 pts
6 months+68.4%+0.4% +68.0 pts
1 year-2.0%-9.9% +8.0 pts
2 years-21.7%-13.6% -8.1 pts
3 years+84.9%+14.2% +70.7 pts
5 years+67.4%+27.9% +39.5 pts
30 mutual fund schemes hold about ₹1,074 Cr. Over three months 3 bought more and 7 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Mirae Asset ELSS Tax Saver Fund0.82%216 +0%
Tata Small Cap Fund1.55%203 -3%
HDFC Mid Cap Fund0.15%158 -5%
Canara Rob Small Cap Fund0.61%89 -3%
Mirae Asset Aggressive Hybrid Fund0.81%78 -0%
Mirae Asset Great Consumer Fund1.21%58 -2%
SBI Contra Fund0.08%39 +2%
HDFC Multi Cap Fund0.17%36 -1%
Bandhan Small Cap Fund0.10%33 -18%
HDFC Retirement Fund-Equity Plan0.41%29 -20%
Bandhan Multi Cap Fund0.85%26 -1%
Aditya Birla SL Infrastructure Fund1.81%22 +0%
Aditya Birla SL Bal Bhavishya Yojna0.96%12 -3%
Bandhan Multi Asset Allocation Fund0.31%12 -5%
Bank of India Small Cap Fund0.33%11 +100%
Bajaj Finserv Consumption Fund1.12%7 +100%
Canara Rob Balanced Advantage Fund0.54%6 +6%
Aditya Birla SL Retirement Fund-301.20%6 -3%
Tata Children's Fund1.75%6 +3%
Bandhan Aggressive Hybrid Fund0.21%5 -1%
Mahindra Manulife Consumption Fund0.96%5 +3%
Union Aggressive Hybrid Fund0.49%4 -3%
Mirae Asset Balanced Advantage Fund0.16%4 -0%
Union Consumption Fund1.01%3 -1%
Union Multi Asset Allocation Fund0.29%3 -2%

Red flags

F-score 7 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹725 Cr +20.6% vs Jun 2025. Net profit ₹38 Cr +35.7%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-04Dividend - Re 0.50 Per Share
2025-08-04Dividend - Re 0.50 Per Share
2024-08-05Annual General Meeting/Dividend - Re 0.50 Per Share
2023-08-18Annual General Meeting/Dividend - Re 0.50 Per Share
2022-08-18Annual General Meeting/Dividend - Rs 0.50 Per Share
2021-08-12 Annual General Meeting/Dividend - Rs 0.40 Per Share
2020-08-27 Annual General Meeting/Dividend - Rs 0.40 Per Share
2019-08-29 Annual General Meeting/Dividend - Rs 0.40 Per Share
2019-07-12 Demerger
2018-07-11 Annual General Meeting/Dividend- Re 0.60 Per Share
2017-07-05 Annual General Meeting/Dividend - Re 0.60 Per Share
2016-07-05 Annual General Meeting/ Dividend - Re 0.60/- Per Share
2016-01-06 Face Value Split (Sub-Division) - From Rs 5/- Per Share To Re 1/- Per Share0.2000
2015-07-08Annual General Meeting/Dividend - Rs 3/- Per Share
2014-11-26Scheme Of Demerger
2014-07-16Annual General Meeting / Final Dividend - Rs 3/- Per Share
2013-08-02Annual General Meeting / Final Dividend - Rs 3/- Per Share
2012-08-06Annual General Meeting/ Dividend Rs 2 Per Share
2011-08-01Annual General Meeting And Dividend Re.1/- Per Share
2010-07-30Annual General Meeting And Final Dividend Rs.1.50 Per Share
2009-09-07Rhts Eq3:10&4wrnt:10rhtsh
2009-07-30Agm/Div-Rs.1.50 Per Share
2008-08-01Agm/Dividend - 30%
2007-11-19Int Div-Rs.1.50 Per Sh
2007-07-05Agm/Final Dividend-30%
2006-11-15Interim Dividend-20%
2006-08-02Agm/Final Dividend-20%
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Trade dateShares sold short
2026-09-301
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2019-03-26CESTATDEHRADUN ---VS.--- GREENPLY INDUSTRIES LTD
2019-02-19CESTATDEHRADUN ---VS.--- GREENPLY INDUSTRIES LTD
2017-07-19CESTATNEW DELHI(ICD TKD) ---VS.--- GREENPLY INDUSTRIES LIMITED
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Greenply Industries Ltd?

Greenply Industries Ltd (GREENPLY) has a market capitalisation of Rs 3,500 Cr. at the 2026-10-01 close.

What is the P/E ratio of Greenply Industries Ltd?

Greenply Industries Ltd trades at a P/E of 31.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were Greenply Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Greenply Industries Ltd sales was Rs 725 Cr (+20.6% vs Jun 2025) and net profit was Rs 38 Cr.

What is the 52-week high and low of Greenply Industries Ltd?

The 52-week high is Rs 334.40 and the 52-week low is Rs 176.42.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03