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Last Updated on: 25 June, 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
LaminatesThapar House, 2nd Floor, Kolkata West Bengal 700026investor.relations@greenpanel.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

Basic Stock Data of Greenpanel Industries Ltd

Last Updated: June 17, 2024, 8:32 pm

Market Cap 3,937 Cr.
Current Price 321
High / Low450/268
Stock P/E27.6
Book Value 107
Dividend Yield0.47 %
ROCE12.9 %
ROE11.4 %
Face Value 1.00
PEG Ratio0.42

Greenpanel Industries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales317389308422424470464457420441386399386
Expenses249292240309313332332341328365320330325
Operating Profit6897691131111381321179276666960
OPM %22%25%22%27%26%29%28%26%22%17%17%17%16%
Other Income021224714-49671
Interest14-41121332113426
Depreciation17171719181818181817181818
Profit before tax37864194941201181105864505537
Tax %18%34%28%29%33%33%34%34%36%-7%25%26%8%
Net Profit30563067638178723869374135
EPS in Rs2.484.602.435.475.146.576.335.913.065.623.043.342.82

Last Updated: June 11, 2024, 2:43 am

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: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:%
3 Years:12%
1 Year:1%
Return on Equity
10 Years:%
5 Years:16%
3 Years:20%
Last Year:11%

Last Updated: June 18, 2024, 10:21 am

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 2023Mar 2024
Debtor Days282928997
Inventory Days1911431189075107
Days Payable116112102755458
Cash Conversion Cycle1036043252955
Working Capital Days233434171929
ROCE %6%6%12%30%27%13%

Greenpanel Industries Ltd Financial Efficiency Indicators Chart

Greenpanel Industries Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters53.10%53.10%53.10%53.10%53.10%53.09%53.09%53.09%53.09%53.12%53.12%53.12%
FIIs5.45%2.94%3.73%5.84%6.27%6.39%4.56%4.43%4.30%4.41%3.22%2.99%
DIIs18.67%22.73%22.86%21.24%21.45%21.19%21.30%21.18%21.60%22.83%24.53%25.81%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.05%0.05%0.06%
Public22.78%21.24%20.31%19.82%19.18%19.33%21.03%21.30%21.00%19.57%19.06%18.00%
No. of Shareholders32,04232,54752,62463,46780,12898,2111,12,6661,17,3411,21,2961,22,3161,22,7761,23,718

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)Previous Number of SharesPrevious DatePercentage Change
HDFC Mid-Cap Opportunities Fund - Regular Plan6,594,1200.49233.461,324,1332024-06-24398%
Tata Equity P/E Fund - Regular Plan4,779,3632.83169.211,324,1332024-06-24260.94%
Tata Equity P/E Fund - Regular Plan - Trigger Option A 5%4,779,3632.83169.211,324,1332024-06-24260.94%
Bandhan Sterling Value Fund3,000,0001.59106.221,324,1332024-06-24126.56%
Bandhan ELSS Tax Saver Fund2,100,0001.4874.351,324,1332024-06-2458.59%
UTI Value Fund1,753,3430.8462.081,324,1332024-06-2432.41%
Canara Robeco Small Cap Fund1,745,5330.7961.81,324,1332024-06-2431.82%
Nippon India Flexi Cap Fund1,324,1330.9746.881,324,1332024-06-240%
Sundaram Small Cap Fund1,030,0001.3936.471,324,1332024-06-24-22.21%
Nippon India Value Fund570,5700.3620.21,324,1332024-06-24-56.91%

Greenpanel Industries Ltd ROCE Trend

Greenpanel Industries Ltd EPS Trend

Greenpanel Industries Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
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) (%)0.007.177.640.000.00
Dividend Payout Ratio (CP) (%)0.005.595.860.000.00
Earning Retention Ratio (%)0.0092.8392.360.000.00
Cash Earning Retention Ratio (%)0.0094.4194.140.000.00
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 (%)0.0092.8292.350.000.00
Price / BV (X)2.932.807.572.690.53
Price / Net Operating Revenue (X)2.461.874.431.920.40
EarningsYield0.030.070.030.030.04

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

Fair Value: 338.25

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 5.37% compared to the current price 321

Intrinsic Value: 562.89

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 75.35% compared to the current price ₹321

Last 5 Year EPS CAGR: 66.41%

*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 22.29, 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 has a low average ROCE of 13.43%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 45.00, which may not be favorable.

FAQ

What is the latest fair value of Greenpanel Industries Ltd?

The latest fair value of Greenpanel Industries Ltd is ₹338.25.

What is the Market Cap of Greenpanel Industries Ltd?

The Market Cap of Greenpanel Industries Ltd is 3,937 Cr..

What is the current Stock Price of Greenpanel Industries Ltd as on 21 June 2024?

The current stock price of Greenpanel Industries Ltd as on 21 June 2024 is ₹321.

What is the High / Low of Greenpanel Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Greenpanel Industries Ltd stocks is 450/268.

What is the Stock P/E of Greenpanel Industries Ltd?

The Stock P/E of Greenpanel Industries Ltd is 27.6.

What is the Book Value of Greenpanel Industries Ltd?

The Book Value of Greenpanel Industries Ltd is 107.

What is the Dividend Yield of Greenpanel Industries Ltd?

The Dividend Yield of Greenpanel Industries Ltd is 0.47 %.

What is the ROCE of Greenpanel Industries Ltd?

The ROCE of Greenpanel Industries Ltd is 12.9 %.

What is the ROE of Greenpanel Industries Ltd?

The ROE of Greenpanel Industries Ltd is 11.4 %.

What is the Face Value of Greenpanel Industries Ltd?

The Face Value of Greenpanel Industries Ltd is 1.00.

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