Greenply Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹220.72Overvalued by 24.41%vs CMP ₹292.00

P/E (32.6) × ROE (11.8%) × BV (₹71.60) × DY (0.17%)

₹130.43Overvalued by 55.33%vs CMP ₹292.00
MoS: -123.9% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹223.3322%Over (-23.5%)
Graham NumberEarnings₹112.7416%Over (-61.4%)
Earnings PowerEarnings₹16.8413%Over (-94.2%)
DCFCash Flow₹50.3713%Over (-82.8%)
Net Asset ValueAssets₹71.687%Over (-75.5%)
EV/EBITDAEnterprise₹204.859%Over (-29.8%)
Earnings YieldEarnings₹78.907%Over (-73%)
ROCE CapitalReturns₹180.759%Over (-38.1%)
Revenue MultipleRevenue₹219.605%Over (-24.8%)
Consensus (9 models)₹130.43100%Overvalued
Key Drivers: Wide model spread (₹17–₹223) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 1.2%

*Investments are subject to market risks

Analyst Summary

Greenply Industries Ltd operates in the Laminates segment, NSE: GREENPLY | BSE: 526797, current market price is ₹292.00, market cap is 3,642 Cr.. At a glance, stock P/E is 32.6, ROE is 11.8 %, ROCE is 14.3 %, book value is 71.6, dividend yield is 0.17 %. The latest intrinsic value estimate is ₹130.43, around 55.3% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹2,739 Cr versus the prior period change of 10.1%, while latest net profit is about ₹90 Cr with a prior-period change of -2.2%. The 52-week range shown on this page is 337/176, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisGreenply 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)…

This summary is generated from the stock page data available for Greenply Industries Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

55
Greenply Industries Ltd scores 55/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health64/100 · Moderate
ROCE 14.3% GoodROE 11.8% AverageD/E 0.35 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money40/100 · Moderate
FII holding stable No changeDII holding down 0.99% MF sellingPromoter holding at 51.9% Stable
Earnings Quality50/100 · Moderate
OPM stable around 9% Steady
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +7% YoY GrowingProfit (4Q): -27% YoY Declining
Industry Rank65/100 · Strong
P/E 32.6 vs industry 127.4 Cheaper than peersROCE 14.3% vs industry 12.3% Average3Y sales CAGR: 18% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 6:42 am

Market Cap 3,642 Cr.
Current Price 292
Intrinsic Value₹130.43
High / Low 337/176
Stock P/E32.6
Book Value 71.6
Dividend Yield0.17 %
ROCE14.3 %
ROE11.8 %
Face Value 1.00
PEG Ratio27.59

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 3,642 Cr. 292 337/17632.6 71.60.17 %14.3 %11.8 % 1.00
Greenpanel Industries Ltd 1,939 Cr. 158 334/15713.6 1070.32 %12.9 %11.4 % 1.00
Greenlam Industries Ltd 6,412 Cr. 251 281/19869.5 46.20.16 %8.12 %5.02 % 1.00
Rushil Decor Ltd 498 Cr. 17.0 34.0/12.520.8 22.20.29 %4.68 %1.27 % 1.00
Archidply Industries Ltd 222 Cr. 112 121/60.018.1 65.50.00 %11.5 %9.41 % 10.0
Industry Average3,296.56 Cr172.97127.3666.610.10%12.26%18.30%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: August 25, 2026, 2:30 am

MetricMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales 1,5671,6461,6689121,4121,4201,1651,5631,6632,1802,4882,7392,863
Expenses 1,3551,4031,4218481,2661,2651,0501,4131,5301,9942,2842,4972,602
Operating Profit 21124324764146156115150133185204242261
OPM % 13%15%15%7%10%11%10%10%8%9%8%9%9%
Other Income 1574866-486121212163-12
Interest 383119819211712943435544
Depreciation 47505118222623262655606567
Profit before tax 1411701811241116181125111100117125139
Tax % 12%24%31%11%28%22%25%24%17%30%22%28%
Net Profit 124128125111804761959170929099
EPS in Rs 10.3110.6310.239.026.503.854.977.737.445.667.347.177.89
Dividend Payout % 6%6%6%7%6%10%8%6%7%9%7%7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-20252025-2026
YoY Net Profit Growth (%)3.23%-2.34%-11.20%-27.93%-41.25%29.79%55.74%-4.21%-23.08%31.43%-2.17%
Change in YoY Net Profit Growth (%)0.00%-5.57%-8.86%-16.73%-13.32%71.04%25.95%-59.95%-18.87%54.51%-33.60%

Greenply Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2015-2016 to 2025-2026.

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: June 30, 2026, 5:00 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 121212121212121212121212
Reserves 474602760865323366424526632697796882
Borrowings 332270446712250279203309695549515515
Other Liabilities 331316356521302305275311341405627552
Total Liabilities 1,1491,2001,5752,1118879629151,1591,6801,6631,9511,962
Fixed Assets 533542526580252314308353459865857907
CWIP 1492697701756110513124450
Investments 35292618222423266436755
Other Assets 567620754742596619578671702742983950
Total Assets 1,1491,2001,5752,1118879629151,1591,6801,6631,9511,962

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 18719121211398582289262111219247
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 Flow 12839-50-19-201242-3014-1117
Free Cash Flow 102122-158-216142210-138-350-2114591
CFO/OP 102%94%102%246%84%55%211%82%49%80%122%115%

Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Free Cash Flow-121.00-27.00-199.00-648.00-104.00-123.00-88.00-159.00-562.00-364.00-311.00-273.00

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

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters 52.12%51.97%52.00%52.01%52.01%51.66%51.69%51.69%51.69%51.80%51.90%51.93%
FIIs 2.07%4.10%4.13%4.91%5.60%5.76%5.42%4.52%4.49%4.35%4.19%4.44%
DIIs 32.39%29.76%30.31%30.33%30.66%30.91%31.05%32.41%32.41%32.12%31.83%31.42%
Public 13.41%14.16%13.54%12.75%11.73%11.69%11.85%11.38%11.42%11.74%12.10%12.22%
No. of Shareholders 49,20446,17951,37548,07354,00752,91853,46553,18252,56352,37653,76752,337

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

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

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

As of 31 August 2026, Greenply Industries Ltd's intrinsic value is ₹130.43, which is 55.33% lower than the current market price of ₹292.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (11.8 %), book value (₹71.6), dividend yield (0.17 %), 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 ₹292.00 as of 31 August 2026, with a FY2026-2027 high of ₹337 and low of ₹176. The stock is currently in the middle of its 52-week range. Market cap stands at ₹3,642 Cr..

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

Greenply Industries Ltd has a P/E ratio of 32.6, which is below the industry average of 127.36. 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 14.3 % is moderate. Dividend yield is 0.17 %.

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

Greenply Industries Ltd reported a net profit of ₹90 Cr in Mar 2026 on revenue of ₹2,739 Cr. Compared to ₹91 Cr in Mar 2023, the net profit shows a declining trend.

Does Greenply Industries Ltd pay dividends?

Greenply Industries Ltd has a dividend yield of 0.17 % at the current price of ₹292.00. The company pays dividends, though the yield is modest.

Last Updated: August 25, 2026, 6:42 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 526797 | NSE: GREENPLY
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