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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Greenpanel Industries Ltd

About the Company - Greenpanel Industries Ltd

Greenpanel Industries Ltd. is a Private Limited Listed company incorporated on 13/12/2017 and has its registered office in the State of Assam, India. Company’s Corporate Identification Number(CIN) is L20100AS2017PLC018272 and registration number is 018272. 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. 1624.43 Cr. and Equity Capital is Rs. 12.26 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Decoratives - Wood/Fibre/OthersMakum Road, P.O. Tinsukia, Tinsukia Assam 786125mdpldc@yahoo.com
http://www.greenpanel.com
Management
NamePosition Held
Mr. Shiv Prakash MittalExecutive Chairman
Mr. Shobhan MittalManaging Director & CEO
Ms. Mahesh Kumar JiwrajkaIndependent Director
Mr. Salil Kumar BhandariIndependent Director
Mr. Arun Kumar SarafIndependent Director
Ms. Shivpriya NandaIndependent Director

Greenpanel Industries Ltd. Share Price Update

Share PriceValue
Today₹380.20
Previous Day₹363.00

Basic Stock Data of Greenpanel Industries Ltd

Market Cap 4,445 Cr.
Current Price 362
High / Low450/255
Stock P/E24.5
Book Value 104
Dividend Yield0.42 %
ROCE27.2 %
ROE23.6 %
Face Value 1.00

Data Source: screener.in

Greenpanel Industries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales225317389308422424470464457420441386399
Expenses179249292240309313332332341328365320330
Operating Profit4668976911311113813211792766669
OPM %21%22%25%22%27%26%29%28%26%22%17%17%17%
Other Income0021224714-4967
Interest1314-4112133211342
Depreciation17171717191818181818171818
Profit before tax16378641949412011811058645055
Tax %-12%18%34%28%29%33%33%34%34%36%-7%25%26%
Net Profit18305630676381787238693741
EPS in Rs1.502.484.602.435.475.146.576.335.913.065.623.043.34

Greenpanel Industries Ltd Quarterly Chart

Greenpanel Industries Ltd Profit & Loss

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales05998771,0211,6251,7831,646
Expenses05227388141,1921,3641,343
Operating Profit-077138207433419303
OPM %13%16%20%27%24%18%
Other Income013-9-062318
Interest0254837171920
Depreciation0536969737272
Profit before tax-01212101349351228
Tax %0%-179%-23%32%31%27%
Net Profit-0351469240257185
EPS in Rs1.185.6119.6120.9215.06
Dividend Payout %0%0%0%0%8%7%

Greenpanel Industries Ltd Profit & Loss Yearly Chart

Greenpanel Industries Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:27%
TTM:-11%
Compounded Profit Growth
10 Years:%
5 Years:451%
3 Years:122%
TTM:-31%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:29%
1 Year:28%
Return on Equity
10 Years:%
5 Years:17%
3 Years:22%
Last Year:24%

Greenpanel Industries Ltd Balance Sheet

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital001212121212
Reserves-06336497189391,1821,260
Borrowings0587561484316228182
Other Liabilities0238243241275283255
Total Liabilities01,4581,4661,4551,5421,7051,710
Fixed Assets01,1381,1111,0741,038992970
CWIP04640563
Investments0000000
Other Assets0317349377504708677
Total Assets01,4581,4661,4551,5421,7051,710

Greenpanel Industries Ltd Reserves and Borrowings Chart

Greenpanel Industries Ltd Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -017100214366337
Cash from Investing Activity 0-99-22-70-136-248
Cash from Financing Activity 0102-86-141-185-134
Net Cash Flow020-8244-44

Greenpanel Industries Ltd Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days28292899
Inventory Days1911431189075
Days Payable1161121027554
Cash Conversion Cycle10360432529
Working Capital Days2334341719
ROCE %6%6%12%30%27%

Greenpanel Industries Ltd Financial Efficiency Indicators Chart

Greenpanel Industries Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters53.10%53.10%53.10%53.10%53.10%53.10%53.10%53.09%53.09%53.09%53.09%53.12%
FIIs10.71%4.21%5.45%2.94%3.73%5.84%6.27%6.39%4.56%4.43%4.30%4.41%
DIIs16.06%19.02%18.67%22.73%22.86%21.24%21.45%21.19%21.30%21.18%21.60%22.83%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.05%
Public20.14%23.67%22.78%21.24%20.31%19.82%19.18%19.33%21.03%21.30%21.00%19.57%
No. of Shareholders17,27519,60732,04232,54752,62463,46780,12898,2111,12,6661,17,3411,21,2961,22,316

Greenpanel Industries Ltd Shareholding Pattern Chart

No. of Greenpanel Industries Ltd Shareholders

Greenpanel Industries Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Mid-Cap Opportunities Fund - Regular Plan65941200.49233.46
Tata Equity P/E Fund - Regular Plan47793632.83169.21
Tata Equity P/E Fund - Regular Plan - Trigger Option A 5%47793632.83169.21
Bandhan Sterling Value Fund30000001.59106.22
Bandhan ELSS Tax Saver Fund21000001.4874.35
UTI Value Fund17533430.8462.08
Canara Robeco Small Cap Fund17455330.7961.8
Nippon India Flexi Cap Fund13241330.9746.88
Sundaram Small Cap Fund10300001.3936.47
Nippon India Value Fund5705700.3620.2

Greenpanel Industries Ltd ROCE Trend

Greenpanel Industries Ltd EPS Trend

Greenpanel Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)20.9219.615.611.182.82
Diluted EPS (Rs.)20.9219.615.611.182.82
Cash EPS (Rs.)26.7925.5911.216.827.14
Book Value[Excl.RevalReserv]/Share (Rs.)97.3677.6059.5653.9652.64
Book Value[Incl.RevalReserv]/Share (Rs.)97.3677.6059.5653.9652.64
Revenue From Operations / Share (Rs.)145.39132.5283.2471.4848.86
PBDIT / Share (Rs.)35.5435.8316.8711.427.34
PBIT / Share (Rs.)29.6829.8511.275.783.02
PBT / Share (Rs.)28.6228.468.230.951.01
Net Profit / Share (Rs.)20.9219.615.611.182.82
NP After MI And SOA / Share (Rs.)20.9219.615.611.182.82
PBDIT Margin (%)24.4427.0320.2615.9715.03
PBIT Margin (%)20.4122.5213.538.086.17
PBT Margin (%)19.6821.479.891.332.06
Net Profit Margin (%)14.3814.796.741.645.77
NP After MI And SOA Margin (%)14.3814.796.741.645.77
Return on Networth / Equity (%)21.4825.269.422.185.35
Return on Capital Employeed (%)24.7429.7411.816.063.12
Return On Assets (%)15.0415.594.720.982.37
Long Term Debt / Equity (X)0.100.170.480.650.71
Total Debt / Equity (X)0.150.290.500.760.78
Asset Turnover Ratio (%)1.101.080.690.580.79
Current Ratio (X)2.711.561.241.061.05
Quick Ratio (X)2.061.030.710.540.55
Inventory Turnover Ratio (X)4.634.192.812.700.00
Dividend Payout Ratio (NP) (%)7.177.640.000.000.00
Dividend Payout Ratio (CP) (%)5.595.860.000.000.00
Earning Retention Ratio (%)92.8392.360.000.000.00
Cash Earning Retention Ratio (%)94.4194.140.000.000.00
Interest Coverage Ratio (X)22.8925.705.562.903.66
Interest Coverage Ratio (Post Tax) (X)14.1515.062.851.522.40
Enterprise Value (Cr.)3153.617262.532262.89853.120.00
EV / Net Operating Revenue (X)1.774.472.220.970.00
EV / EBITDA (X)7.2416.5310.946.090.00
MarketCap / Net Operating Revenue (X)1.874.431.920.400.00
Retention Ratios (%)92.8292.350.000.000.00
Price / BV (X)2.807.572.690.530.00
Price / Net Operating Revenue (X)1.874.431.920.400.00
EarningsYield0.070.030.030.040.00

Greenpanel Industries Ltd Profitability Ratios (%)

Greenpanel Industries Ltd Liquidity Ratios

Greenpanel Industries Ltd Liquidity Ratios (%)

Greenpanel Industries Ltd Interest Coverage Ratios (%)

Greenpanel Industries Ltd Valuation Ratios

Fair Value of Greenpanel Industries Ltd Stock

Fair Value: ₹603.85

The stock is undervalued by 66.81% compared to the current price ₹362

*Investments are subject to market risks

Strength and Weakness of Greenpanel Industries Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of 21.17, which is a positive sign.
  2. The company has higher reserves (768.71 cr) compared to borrowings (336.86 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (211.43 cr) and profit (150.43 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 15.92 and average Dividend Yield of 14.14%.
  2. The stock has a low average ROCE of 13.50%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 43.33, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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