Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 2:59 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 526797 | NSE: GREENPLY

Greenply Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹206.23Fairly Valued by 9.70%vs CMP ₹188.00

P/E (31.6) × ROE (12.0%) × BV (₹67.80) × DY (0.27%)

₹111.21Overvalued by 40.85%vs CMP ₹188.00
MoS: -69% (Negative)Confidence: 53/100 (Moderate)Models: 3 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹196.2422%Fair (+4.4%)
Graham NumberEarnings₹95.9116%Over (-49%)
Earnings PowerEarnings₹15.1313%Over (-92%)
DCFCash Flow₹16.0613%Over (-91.5%)
Net Asset ValueAssets₹67.887%Over (-63.9%)
EV/EBITDAEnterprise₹168.349%Over (-10.5%)
Earnings YieldEarnings₹60.307%Over (-67.9%)
ROCE CapitalReturns₹178.199%Fair (-5.2%)
Revenue MultipleRevenue₹199.635%Fair (+6.2%)
Consensus (9 models)₹111.21100%Overvalued
Key Drivers: Wide model spread (₹15–₹200) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -4.8%

*Investments are subject to market risks

Investment Snapshot

54
Greenply Industries Ltd scores 54/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health64/100 · Moderate
ROCE 12.4% GoodROE 12.0% AverageD/E 0.35 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money45/100 · Moderate
FII holding down -1.07% (6mo) SellingDII holding up 1.07% MF buyingPromoter holding at 51.8% Stable
Earnings Quality50/100 · Moderate
OPM stable around 9% Steady
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +7% YoY GrowingProfit (4Q): -27% YoY Declining
Industry Rank55/100 · Moderate
P/E 31.6 vs industry 148.3 Cheaper than peersROCE 12.4% vs industry 11.7% AverageROE 12.0% vs industry 30.2% Below peers3Y sales CAGR: 17% 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.

Greenply Industries Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
40/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 31.6 vs Ind 148.3 | ROCE 12.4% | ROE 12.0% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.35x | IntCov 0.0x | Current 1.38x | Borrow/Reserve 0.65x
Cash Flow Reliability
29/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹92 Cr | CFO/NP N/A
Ownership Accumulation
-25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.14 pp | DII -0.29 pp | Prom +0.11 pp
Business Momentum
-13
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -2.3% | Q NP -12.5% | Q OPM +1.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-40.8%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.65xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.14 ppLatest FII% minus previous FII%
DII Change-0.29 ppLatest DII% minus previous DII%
Promoter Change+0.11 ppLatest promoter% minus previous promoter%
Shareholder Count Change-187Latest shareholder count minus previous count
Quarterly Sales Change-2.3%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-12.5%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+1.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

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

Market Cap 2,343 Cr.
Current Price 188
Intrinsic Value₹111.21
High / Low 352/176
Stock P/E31.6
Book Value 67.8
Dividend Yield0.27 %
ROCE12.4 %
ROE12.0 %
Face Value 1.00
PEG Ratio-6.52

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

View Share Price Target for Greenply Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Greenply Industries Ltd 2,343 Cr. 188 352/17631.6 67.80.27 %12.4 %12.0 % 1.00
Greenpanel Industries Ltd 2,204 Cr. 180 335/16315.4 1070.17 %12.9 %11.4 % 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 Greenply Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 428427430568582600584640614649601689673
Expenses 398399404519532543531587564602548638622
Operating Profit 30282748505753535146525151
OPM % 7%7%6%8%9%10%9%8%8%7%9%7%8%
Other Income 134-3-21646236182-3
Interest 638121591014513191310
Depreciation 1081114151515151515151617
Profit before tax 2722521373834263324362322
Tax % -32%50%82%33%26%25%2%32%27%32%21%31%35%
Net Profit 3611114272833182417281614
EPS in Rs 2.930.900.071.132.172.292.671.421.961.322.281.281.15

Last Updated: February 5, 2026, 7:46 pm

Quarterly Chart

Profit & Loss - Annual Report

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

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2,2171,5671,6461,6689121,4121,4201,1651,5631,6632,1802,4882,612
Expenses 1,9451,3551,4031,4218481,2661,2651,0501,4131,5301,9942,2842,411
Operating Profit 27221124324764146156115150133185204201
OPM % 12%13%15%15%7%10%11%10%10%8%9%8%8%
Other Income 41574866-4861212121623
Interest 643831198192117129434355
Depreciation 60475051182226232626556063
Profit before tax 1531411701811241116181125111100117106
Tax % 23%12%24%31%11%28%22%25%24%17%30%22%
Net Profit 1181241281251118047619591709275
EPS in Rs 9.7610.3110.6310.239.026.503.854.977.737.445.667.346.03
Dividend Payout % 6%6%6%6%7%6%10%8%6%7%9%7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)5.08%3.23%-2.34%-11.20%-27.93%-41.25%29.79%55.74%-4.21%-23.08%31.43%
Change in YoY Net Profit Growth (%)0.00%-1.86%-5.57%-8.86%-16.73%-13.32%71.04%25.95%-59.95%-18.87%54.51%

Greenply Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:12%
3 Years:17%
TTM:7%
Compounded Profit Growth
10 Years:-2%
5 Years:2%
3 Years:-1%
TTM:-18%
Stock Price CAGR
10 Years:8%
5 Years:27%
3 Years:17%
1 Year:-23%
Return on Equity
10 Years:16%
5 Years:13%
3 Years:11%
Last Year:12%

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

Balance Sheet

Last Updated: December 4, 2025, 1:19 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 12121212121212121212121212
Reserves 572474602760865323366424526632697796834
Borrowings 748332270446712250279203309695549515542
Other Liabilities 488331316356521302305275311341405627496
Total Liabilities 1,8201,1491,2001,5752,1118879629151,1591,6801,6631,9511,885
Fixed Assets 699533542526580252314308353459865857886
CWIP 1171492697701756110513124425
Investments 035292618222423266436765
Other Assets 1,004567620754742596619578671702742983909
Total Assets 1,8201,1491,2001,5752,1118879629151,1591,6801,6631,9511,885

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 18918719121211398582289262111219
Cash from Investing Activity + -172-105-63-363-328-89-58-124-130-410-144-147
Cash from Financing Activity + -23-82-100190164-28-19-928031847-83
Net Cash Flow -612839-50-19-201242-3014-11
Free Cash Flow 15102122-158-216142210-138-350-21145
CFO/OP 81%102%94%102%246%84%55%211%82%49%80%122%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-476.00-121.00-27.00-199.00-648.00-104.00-123.00-88.00-159.00-562.00-364.00-311.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 6160746511479926144504247
Inventory Days 121765565150727796889896127
Days Payable 10092998614299101109848692132
Cash Conversion Cycle 8245304512252684747634643
Working Capital Days 5172410-0131574292223
ROCE %18%15%24%19%10%12%21%15%18%11%11%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 52.32%52.14%52.12%51.97%52.00%52.01%52.01%51.66%51.69%51.69%51.69%51.80%
FIIs 2.16%2.15%2.07%4.10%4.13%4.91%5.60%5.76%5.42%4.52%4.49%4.35%
DIIs 32.87%32.41%32.39%29.76%30.31%30.33%30.66%30.91%31.05%32.41%32.41%32.12%
Public 12.65%13.29%13.41%14.16%13.54%12.75%11.73%11.69%11.85%11.38%11.42%11.74%
No. of Shareholders 50,07647,71049,20446,17951,37548,07354,00752,91853,46553,18252,56352,376

Shareholding Pattern Chart

No. of Shareholders

Greenply 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
Mirae Asset ELSS Tax Saver Fund 7,448,561 0.64 167.67N/AN/AN/A
Tata Small Cap Fund 7,000,830 1.46 157.59N/AN/AN/A
HDFC Mid Cap Fund 5,421,457 0.13 122.045,420,5772026-02-23 00:38:020.02%
Canara Robeco Small Cap Fund 3,073,613 0.55 69.192,736,2342025-12-08 04:59:4612.33%
Mirae Asset Aggressive Hybrid Fund 2,685,821 0.64 60.46N/AN/AN/A
Mirae Asset Great Consumer Fund 1,984,591 1.02 44.67N/AN/AN/A
SBI Contra Fund 1,350,179 0.06 30.392,036,8612025-12-08 04:59:46-33.71%
HDFC Retirement Savings Fund - Equity 1,250,000 0.41 28.14N/AN/AN/A
HDFC Multi Cap Fund 1,232,106 0.14 27.731,212,8282025-12-15 03:24:231.59%
Bandhan Small Cap Fund 1,109,031 0.13 24.961,000,0572025-12-08 04:59:4610.9%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 7.395.677.447.724.97
Diluted EPS (Rs.) 7.345.617.377.724.97
Cash EPS (Rs.) 14.8810.1712.109.627.04
Book Value[Excl.RevalReserv]/Share (Rs.) 64.7557.3352.4043.8935.61
Book Value[Incl.RevalReserv]/Share (Rs.) 64.7557.3352.4043.8935.61
Revenue From Operations / Share (Rs.) 199.21176.23150.20127.4495.03
PBDIT / Share (Rs.) 20.3516.2215.0113.0610.07
PBIT / Share (Rs.) 15.5411.8112.0410.958.19
PBT / Share (Rs.) 12.099.4010.699.986.83
Net Profit / Share (Rs.) 10.065.769.137.515.16
NP After MI And SOA / Share (Rs.) 7.345.667.447.724.97
PBDIT Margin (%) 10.219.209.9910.2410.59
PBIT Margin (%) 7.796.708.018.598.61
PBT Margin (%) 6.065.337.117.837.18
Net Profit Margin (%) 5.053.266.075.895.42
NP After MI And SOA Margin (%) 3.683.204.956.065.22
Return on Networth / Equity (%) 11.339.8614.2017.6013.94
Return on Capital Employeed (%) 16.0512.9812.4219.1819.20
Return On Assets (%) 4.694.205.438.176.65
Long Term Debt / Equity (X) 0.460.550.800.260.16
Total Debt / Equity (X) 0.600.731.030.540.35
Asset Turnover Ratio (%) 1.381.301.301.561.20
Current Ratio (X) 1.241.281.331.201.38
Quick Ratio (X) 0.540.630.760.700.92
Inventory Turnover Ratio (X) 5.752.822.652.822.29
Dividend Payout Ratio (NP) (%) 6.758.816.715.178.05
Dividend Payout Ratio (CP) (%) 4.074.954.804.065.84
Earning Retention Ratio (%) 93.2591.1993.2994.8391.95
Cash Earning Retention Ratio (%) 95.9395.0595.2095.9494.16
Interest Coverage Ratio (X) 5.904.637.0313.427.42
Interest Coverage Ratio (Post Tax) (X) 3.922.684.918.724.80
Enterprise Value (Cr.) 4031.493352.422338.742923.212105.25
EV / Net Operating Revenue (X) 1.621.541.271.871.81
EV / EBITDA (X) 15.8616.7112.6818.2517.05
MarketCap / Net Operating Revenue (X) 1.431.310.921.731.78
Retention Ratios (%) 93.2491.1893.2894.8291.94
Price / BV (X) 4.414.022.655.024.75
Price / Net Operating Revenue (X) 1.431.310.921.731.78
EarningsYield 0.020.020.050.030.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Greenply Industries Ltd. is a Public Limited Listed company incorporated on 28/11/1990 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L20211WB1990PLC268743 and registration number is 268743. Currently Company is involved in the business activities of Manufacture of ply wood and veneer sheets. Company's Total Operating Revenue is Rs. 1901.13 Cr. and Equity Capital is Rs. 12.49 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
LaminatesMadgul Lounge, 6th Floor, Kolkata West Bengal 700027Contact not found
Management
NamePosition Held
Mr. Rajesh MittalChairman & Managing Director
Mr. Manoj TulsianJoint Managing Director & CEO
Mr. Sanidhya MittalJoint Managing Director
Ms. Vinita BajoriaIndependent Director
Mr. Braja Narayan MohantyIndependent Director
Mr. Adika Ratna SekharIndependent Director

FAQ

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

As of 05 April 2026, Greenply Industries Ltd's intrinsic value is ₹111.21, which is 40.85% lower than the current market price of ₹188.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (12.0 %), book value (₹67.8), dividend yield (0.27 %), and 5-year EPS CAGR.

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

Greenply Industries Ltd is trading at ₹188.00 as of 05 April 2026, with a FY2026-2027 high of ₹352 and low of ₹176. The stock is currently near its 52-week low. Market cap stands at ₹2,343 Cr..

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

Greenply Industries Ltd has a P/E ratio of 31.6, 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 Greenply Industries Ltd financially healthy?

Key indicators for Greenply Industries Ltd: ROCE of 12.4 % is moderate. Dividend yield is 0.27 %.

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

Greenply Industries Ltd reported a net profit of ₹92 Cr in Mar 2025 on revenue of ₹2,488 Cr. Compared to ₹95 Cr in Mar 2022, the net profit shows a declining trend.

Does Greenply Industries Ltd pay dividends?

Greenply Industries Ltd has a dividend yield of 0.27 % at the current price of ₹188.00. 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 Greenply 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
Explore Industry-wise Stock Analysis Reports