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Last Updated: April 2, 2026, 2:59 am
Author: Getaka|Social: XLinkedIn

Greenpanel Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹150.53Overvalued by 16.37%vs CMP ₹180.00

P/E (15.4) × ROE (11.4%) × BV (₹107.00) × DY (0.17%)

₹170.35Fairly Valued by 5.36%vs CMP ₹180.00
MoS: -5.7% (Negative)Confidence: 48/100 (Moderate)Models: 2 Under, 2 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹237.9323%Under (+32.2%)
Graham NumberEarnings₹167.4017%Fair (-7%)
Earnings PowerEarnings₹130.0911%Over (-27.7%)
DCFCash Flow₹262.3611%Under (+45.8%)
Net Asset ValueAssets₹107.567%Over (-40.2%)
EV/EBITDAEnterprise₹184.909%Fair (+2.7%)
Earnings YieldEarnings₹116.407%Over (-35.3%)
ROCE CapitalReturns₹66.537%Over (-63%)
Revenue MultipleRevenue₹63.996%Over (-64.5%)
Consensus (9 models)₹170.35100%Fairly Valued
Key Drivers: EPS CAGR 58.1% lifts DCF — verify sustainability. | Wide model spread (₹64–₹262) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 58.1%

*Investments are subject to market risks

Investment Snapshot

44
Greenpanel Industries Ltd scores 44/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health67/100 · Strong
ROCE 12.9% GoodROE 11.4% AverageD/E 0.76 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money30/100 · Weak
FII holding down -1.82% (6mo) SellingPromoter holding at 53.1% Stable
Earnings Quality40/100 · Moderate
OPM contracting (24% → 20%) Declining
Quarterly Momentum15/100 · Weak
Revenue (4Q): -12% YoY DecliningProfit (4Q): -44% YoY DecliningOPM: 13.0% (down 4.0% YoY) Margin pressure
Industry Rank55/100 · Moderate
P/E 15.4 vs industry 148.3 Cheaper than peersROCE 12.9% vs industry 11.7% AverageROE 11.4% vs industry 30.2% Below peers3Y sales CAGR: 15% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:59 am

Market Cap 2,204 Cr.
Current Price 180
Intrinsic Value₹170.35
High / Low 335/163
Stock P/E15.4
Book Value 107
Dividend Yield0.17 %
ROCE12.9 %
ROE11.4 %
Face Value 1.00
PEG Ratio0.27

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Greenpanel Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Greenpanel Industries Ltd 2,204 Cr. 180 335/16315.4 1070.17 %12.9 %11.4 % 1.00
Greenply Industries Ltd 2,343 Cr. 188 352/17631.6 67.80.27 %12.4 %12.0 % 1.00
Rushil Decor Ltd 432 Cr. 14.7 34.0/12.547.1 21.70.68 %10.1 %7.96 % 1.00
Ecoboard Industries Ltd 145 Cr. 62.9 66.2/24.2 3.810.00 %40.2 %239 % 10.0
Duroply Industries Ltd 144 Cr. 133 270/12119.9 1400.00 %7.23 %5.22 % 10.0
Industry Average2,998.67 Cr156.90148.3164.690.13%11.65%30.18%5.91

All Competitor Stocks of Greenpanel Industries Ltd

Quarterly Result

MetricMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales 389308422424470464457420441386399386397
Expenses 292240309313332332341328365320330325345
Operating Profit 9769113111138132117927666696051
OPM % 25%22%27%26%29%28%26%22%17%17%17%16%13%
Other Income 21224714-496717
Interest -411213321134260
Depreciation 17171918181818181718181818
Profit before tax 86419494120118110586450553740
Tax % 34%28%29%33%33%34%34%36%-7%25%26%8%26%
Net Profit 56306763817872386937413530
EPS in Rs 4.602.435.475.146.576.335.913.065.623.043.342.822.43

Last Updated: February 28, 2025, 7:42 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 6:46 am

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales 05998771,0211,6251,7831,567
Expenses 05227388141,1921,3641,320
Operating Profit -077138207433419247
OPM % 13%16%20%27%24%16%
Other Income 013-9-062321
Interest 0254837171912
Depreciation 0536969737273
Profit before tax -01212101349351183
Tax % 0%-179%-23%32%31%27%22%
Net Profit -0351469240257143
EPS in Rs 1.185.6119.6120.9211.64
Dividend Payout % 0%0%0%0%8%7%13%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-60.00%392.86%247.83%7.08%-44.36%
Change in YoY Net Profit Growth (%)0.00%452.86%-145.03%-240.74%-51.44%

Greenpanel Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2019-2020 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:21%
3 Years:15%
TTM:-12%
Compounded Profit Growth
10 Years:%
5 Years:33%
3 Years:26%
TTM:-44%
Stock Price CAGR
10 Years:%
5 Years:42%
3 Years:-16%
1 Year:-33%
Return on Equity
10 Years:%
5 Years:16%
3 Years:20%
Last Year:11%

Last Updated: September 5, 2025, 5:20 am

Balance Sheet

Last Updated: November 14, 2024, 11:38 pm

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital 0.100.001212121212
Reserves -06336497189391,1821,305
Borrowings 0587561447316228296
Other Liabilities 0238243278275283278
Total Liabilities 01,4581,4661,4551,5421,7051,891
Fixed Assets 01,1381,1111,0741,038992982
CWIP 046405313
Investments 00000098
Other Assets 0317349377504708498
Total Assets 01,4581,4661,4551,5421,7051,891

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity + -017100155366337135
Cash from Investing Activity + -0-99-22-11-136-248-158
Cash from Financing Activity + 0102-86-142-185-13450
Net Cash Flow 020-8244-4427
Free Cash Flow -0-8876142332257-209
CFO/OP 100%27%77%83%98%95%70%

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow0.00-510.00-423.00-240.00117.00191.00-49.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days 282928997
Inventory Days 1911431189075107
Days Payable 116112102755458
Cash Conversion Cycle 1036043252955
Working Capital Days -43-1-11520
ROCE %6%6%12%30%27%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 53.09%53.09%53.12%53.12%53.12%53.12%53.12%53.12%53.13%53.13%53.13%53.13%
FIIs 4.43%4.30%4.41%3.22%2.99%2.12%2.70%3.00%2.92%1.64%1.36%1.10%
DIIs 21.18%21.60%22.83%24.53%25.81%26.76%27.70%28.47%28.62%28.76%29.62%28.45%
Government 0.00%0.00%0.05%0.05%0.06%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 21.30%21.00%19.57%19.06%18.00%17.98%16.46%15.40%15.31%16.46%15.88%17.32%
No. of Shareholders 1,17,3411,21,2961,22,3161,22,7761,23,7181,21,2201,08,64298,17196,58797,16293,76291,305

Shareholding Pattern Chart

No. of Shareholders

Greenpanel Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Mid Cap Fund 5,158,945 0.13 118.19N/AN/AN/A
ICICI Prudential Flexicap Fund 4,370,931 0.51 100.134,249,3162026-02-23 01:09:002.86%
Franklin India Small Cap Fund 3,507,931 0.63 80.36N/AN/AN/A
Bandhan Value Fund 3,056,139 0.69 70.013,035,0002026-02-23 07:56:170.7%
Bandhan ELSS Tax Saver Fund 2,300,000 0.75 52.692,100,0002025-12-08 05:18:169.52%
Sundaram Small Cap Fund 2,131,826 1.49 48.841,030,0002025-12-08 05:18:16106.97%
Kotak Infrastructure & Economic Reform Fund 1,800,000 1.83 41.241,963,5512026-02-23 09:03:26-8.33%
Kotak Consumption Fund 1,796,608 2.5 41.16N/AN/AN/A
Bandhan Flexi Cap Fund 1,579,729 0.48 36.191,529,7292026-02-23 09:03:263.27%
Bandhan Small Cap Fund 1,289,230 0.15 29.541,232,4442026-02-23 03:11:264.61%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 11.6420.9219.615.611.18
Diluted EPS (Rs.) 11.6420.9219.615.611.18
Cash EPS (Rs.) 17.5826.7925.5911.216.82
Book Value[Excl.RevalReserv]/Share (Rs.) 107.4197.3677.6059.5653.96
Book Value[Incl.RevalReserv]/Share (Rs.) 107.4197.3677.6059.5653.96
Revenue From Operations / Share (Rs.) 127.81145.39132.5283.2471.48
PBDIT / Share (Rs.) 21.8835.5435.8316.8711.42
PBIT / Share (Rs.) 15.9429.6829.8511.275.78
PBT / Share (Rs.) 14.9428.6228.468.230.95
Net Profit / Share (Rs.) 11.6420.9219.615.611.18
NP After MI And SOA / Share (Rs.) 11.6420.9219.615.611.18
PBDIT Margin (%) 17.1224.4427.0320.2615.97
PBIT Margin (%) 12.4720.4122.5213.538.08
PBT Margin (%) 11.6819.6821.479.891.33
Net Profit Margin (%) 9.1014.3814.796.741.64
NP After MI And SOA Margin (%) 9.1014.3814.796.741.64
Return on Networth / Equity (%) 10.8321.4825.269.422.18
Return on Capital Employeed (%) 11.5824.7429.7411.816.06
Return On Assets (%) 7.5415.0415.594.720.98
Long Term Debt / Equity (X) 0.180.100.170.480.65
Total Debt / Equity (X) 0.200.150.290.500.76
Asset Turnover Ratio (%) 0.871.101.080.690.58
Current Ratio (X) 2.592.711.561.241.06
Quick Ratio (X) 1.602.061.030.710.54
Inventory Turnover Ratio (X) 3.984.634.192.812.70
Dividend Payout Ratio (NP) (%) 12.897.177.640.000.00
Dividend Payout Ratio (CP) (%) 8.535.595.860.000.00
Earning Retention Ratio (%) 87.1192.8392.360.000.00
Cash Earning Retention Ratio (%) 91.4794.4194.140.000.00
Interest Coverage Ratio (X) 21.8822.8925.705.562.90
Interest Coverage Ratio (Post Tax) (X) 12.6414.1515.062.851.52
Enterprise Value (Cr.) 3985.453153.617262.532262.89853.12
EV / Net Operating Revenue (X) 2.541.774.472.220.97
EV / EBITDA (X) 14.857.2416.5310.946.09
MarketCap / Net Operating Revenue (X) 2.461.874.431.920.40
Retention Ratios (%) 87.1092.8292.350.000.00
Price / BV (X) 2.932.807.572.690.53
Price / Net Operating Revenue (X) 2.461.874.431.920.40
EarningsYield 0.030.070.030.030.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Greenpanel Industries Ltd. is a Public Limited Listed company incorporated on 13/12/2017 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L20100WB2017PLC265977 and registration number is 265977. Currently Company is involved in the business activities of Manufacture of veneer sheets; manufacture of plywood, laminboard, particle board and other panels and board. Company's Total Operating Revenue is Rs. 1435.77 Cr. and Equity Capital is Rs. 12.26 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
LaminatesThapar House, 2nd Floor, 163, S. P. Mukherjee Road, Kolkata West Bengal 700026Contact not found
Management
NamePosition Held
Mr. Shiv Prakash MittalExe.Chairman & W T D
Mr. Shobhan MittalManaging Director & CEO
Ms. Mahesh Kumar JiwrajkaIndependent Director
Mr. Salil Kumar BhandariIndependent Director
Mr. Arun Kumar SarafIndependent Director
Ms. Shivpriya NandaIndependent Director

FAQ

What is the intrinsic value of Greenpanel Industries Ltd and is it undervalued?

As of 14 April 2026, Greenpanel Industries Ltd's intrinsic value is ₹170.35, which is 5.36% lower than the current market price of ₹180.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (11.4 %), book value (₹107), dividend yield (0.17 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Greenpanel Industries Ltd?

Greenpanel Industries Ltd is trading at ₹180.00 as of 14 April 2026, with a FY2026-2027 high of ₹335 and low of ₹163. The stock is currently near its 52-week low. Market cap stands at ₹2,204 Cr..

How does Greenpanel Industries Ltd's P/E ratio compare to its industry?

Greenpanel Industries Ltd has a P/E ratio of 15.4, which is below the industry average of 148.31. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Greenpanel Industries Ltd financially healthy?

Key indicators for Greenpanel Industries Ltd: ROCE of 12.9 % is moderate. Dividend yield is 0.17 %.

Is Greenpanel Industries Ltd profitable and how is the profit trend?

Greenpanel Industries Ltd reported a net profit of ₹143 Cr in Mar 2024 on revenue of ₹1,567 Cr. Compared to ₹69 Cr in Mar 2021, the net profit shows an improving trend.

Does Greenpanel Industries Ltd pay dividends?

Greenpanel Industries Ltd has a dividend yield of 0.17 % at the current price of ₹180.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Greenpanel Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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