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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Greenply Industries Ltd

About the Company - Greenply Industries Ltd

Greenply Industries Ltd. is a Public Limited Listed company incorporated on 28/11/1990 and has its registered office in the State of Assam, India. Company’s Corporate Identification Number(CIN) is L20211AS1990PLC003484 and registration number is 003484. Currently Company is involved in the business activities of Manufacture of ply wood and veneer sheets. Company’s Total Operating Revenue is Rs. 1376.89 Cr. and Equity Capital is Rs. 12.26 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
LaminatesMakum Road, P O Tinsukia, Tinsukia Assam 786125investors@greenply.com
http://www.greenply.com
Management
NamePosition Held
Mr. Rajesh MittalChairman & Managing Director
Mr. Manoj TulsianJoint Managing Director & CEO
Mr. Sanidhya MittalJoint Managing Director
Mr. Susil Kumar PalDirector
Mr. Vinod Kumar KothariDirector
Ms. Sonali Bhagwati DalalDirector
Mr. Upendra Nath ChalluDirector
Ms. Vinita BajoriaDirector

Basic Stock Data of Greenply Industries Ltd

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

Market Cap 3,456 Cr.
Current Price 279
High / Low295/149
Stock P/E51.1
Book Value 57.4
Dividend Yield0.18 %
ROCE11.1 %
ROE10.0 %
Face Value 1.00
PEG Ratio9.30

Greenply Industries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales296340397261432421449454495428469476608
Expenses264299351248383378404414447398438447557
Operating Profit31424513504345404830312951
OPM %11%12%11%5%11%10%10%9%10%7%7%6%8%
Other Income12422532113914
Interest444333257681318
Depreciation66666778910101316
Profit before tax233439642393828332722521
Tax %19%26%27%28%24%24%25%27%28%-32%50%82%33%
Net Profit192529432302921243611114
EPS in Rs1.512.042.340.332.602.432.361.691.922.930.900.071.13

Greenply Industries Ltd Quarterly Chart

Greenply Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,7082,0472,2171,5671,6461,6689121,4121,4201,1651,5631,8461,981
Expenses1,5301,7761,9451,3551,4031,4218481,2661,2651,0501,4131,6971,839
Operating Profit17827227221124324764146156115150148142
OPM %10%13%12%13%15%15%7%10%11%10%10%8%7%
Other Income4541574866-486122527
Interest6566643831198192117122645
Depreciation48546047505118222623263649
Profit before tax68157153141170181124111618112511175
Tax %17%24%23%12%24%31%11%28%22%25%24%17%
Net Profit57120118124128125111804761959162
EPS in Rs4.719.939.7610.3110.6310.239.026.503.854.977.737.445.03
Dividend Payout %9%6%6%6%6%6%7%6%10%8%6%7%

Greenply Industries Ltd Profit & Loss Yearly Chart

Greenply Industries Ltd Growth

Compounded Sales Growth
10 Years:0%
5 Years:9%
3 Years:23%
TTM:18%
Compounded Profit Growth
10 Years:-6%
5 Years:-4%
3 Years:3%
TTM:-19%
Stock Price CAGR
10 Years:11%
5 Years:15%
3 Years:10%
1 Year:59%
Return on Equity
10 Years:17%
5 Years:15%
3 Years:14%
Last Year:10%

Last Updated: June 17, 2024, 3:02 pm

Greenply Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital12121212121212121212121212
Reserves351462572474602760865323366424526632646
Borrowings706686748332270446712250279203309696757
Other Liabilities308412488331316356521302305275311340419
Total Liabilities1,3761,5721,8201,1491,2001,5752,1118879629151,1591,6801,833
Fixed Assets632665699533542526580252314308353459991
CWIP1423117149269770175611051313
Investments000352926182224232666
Other Assets7318831,004567620754742596619578671702824
Total Assets1,3761,5721,8201,1491,2001,5752,1118879629151,1591,6801,833

Greenply Industries Ltd Reserves and Borrowings Chart

Greenply Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 4418418918719121211398582289262
Cash from Investing Activity -57-86-172-105-63-363-328-89-58-124-130-410
Cash from Financing Activity 12-94-23-82-100190164-28-19-9280318
Net Cash Flow-24-612839-50-19-201242-30

Greenply Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days6862616074651147992614445
Inventory Days1061101217655651507277968890
Days Payable7792100929986142991011098479
Cash Conversion Cycle9780824530451225268474757
Working Capital Days856463484738795062454057
ROCE %14%20%18%15%24%19%10%12%21%15%18%12%

Greenply Industries Ltd Financial Efficiency Indicators Chart

Greenply Industries Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters52.22%52.25%52.25%52.31%52.29%52.32%52.32%52.32%52.14%52.12%51.97%52.00%
FIIs1.77%2.68%3.55%3.58%3.40%3.18%2.32%2.16%2.15%2.07%4.10%4.13%
DIIs31.51%29.77%31.25%31.98%33.41%32.91%32.94%32.87%32.41%32.39%29.76%30.31%
Public14.50%15.30%12.95%12.14%10.90%11.57%12.42%12.65%13.29%13.41%14.16%13.54%
No. of Shareholders33,18942,48539,27941,38540,79643,00948,17050,07647,71049,20446,17951,375

Greenply Industries Ltd Shareholding Pattern Chart

No. of Greenply Industries Ltd Shareholders

Greenply Industries Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Mid-Cap Opportunities Fund - Regular Plan7,527,0000.25121.642,324,4222024-06-17223.82%
Mirae Asset Tax Saver Fund7,423,5610.68119.962,324,4222024-06-17219.37%
Mirae Asset Hybrid Equity Fund2,685,8210.5743.42,324,4222024-06-1715.55%
HSBC Small Cap Fund - Regular Plan2,324,4220.3337.562,324,4222024-06-170%
Canara Robeco Small Cap Fund2,056,2340.4233.232,324,4222024-06-17-11.54%
Mirae Asset Great Consumer Fund1,984,5911.2132.072,324,4222024-06-17-14.62%
SBI Contra Fund1,937,6500.1931.312,324,4222024-06-17-16.64%
Bandhan Multi Cap Fund1,400,0001.4822.622,324,4222024-06-17-39.77%
Bandhan Emerging Businesses Fund1,104,4490.817.852,324,4222024-06-17-52.49%
PGIM India Small Cap Fund706,3280.6911.412,324,4222024-06-17-69.61%

Greenply Industries Ltd ROCE Trend

Greenply Industries Ltd EPS Trend

Greenply Industries Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)5.677.447.724.973.85
Diluted EPS (Rs.)5.617.377.724.973.85
Cash EPS (Rs.)10.1712.109.627.045.99
Book Value[Excl.RevalReserv]/Share (Rs.)57.3752.4043.8935.6130.82
Book Value[Incl.RevalReserv]/Share (Rs.)57.3752.4043.8935.6130.82
Revenue From Operations / Share (Rs.)176.23150.20127.4495.03115.83
PBDIT / Share (Rs.)16.2215.0113.0610.0712.86
PBIT / Share (Rs.)11.8112.0410.958.1910.76
PBT / Share (Rs.)9.4010.699.986.834.99
Net Profit / Share (Rs.)5.769.137.515.163.89
NP After MI And SOA / Share (Rs.)5.667.447.724.973.85
PBDIT Margin (%)9.209.9910.2410.5911.10
PBIT Margin (%)6.708.018.598.619.28
PBT Margin (%)5.337.117.837.184.30
Net Profit Margin (%)3.266.075.895.423.36
NP After MI And SOA Margin (%)3.204.956.065.223.32
Return on Networth / Equity (%)9.8614.2017.6013.9412.50
Return on Capital Employeed (%)12.9812.4219.1819.2029.30
Return On Assets (%)4.205.438.176.654.91
Long Term Debt / Equity (X)0.550.800.260.160.15
Total Debt / Equity (X)0.731.030.540.350.62
Asset Turnover Ratio (%)1.301.301.561.201.51
Current Ratio (X)1.281.331.201.381.14
Quick Ratio (X)0.630.760.700.920.79
Inventory Turnover Ratio (X)2.822.652.822.293.17
Dividend Payout Ratio (NP) (%)0.006.715.178.0510.38
Dividend Payout Ratio (CP) (%)0.004.804.065.846.72
Earning Retention Ratio (%)0.0093.2994.8391.9589.62
Cash Earning Retention Ratio (%)0.0095.2095.9494.1693.28
Interest Coverage Ratio (X)4.637.0313.427.427.58
Interest Coverage Ratio (Post Tax) (X)2.684.918.724.805.70
Enterprise Value (Cr.)3352.422338.742923.212105.251224.43
EV / Net Operating Revenue (X)1.541.271.871.810.86
EV / EBITDA (X)16.7112.6818.2517.057.77
MarketCap / Net Operating Revenue (X)1.310.921.731.780.70
Retention Ratios (%)0.0093.2894.8291.9489.61
Price / BV (X)4.022.655.024.752.64
Price / Net Operating Revenue (X)1.310.921.731.780.70
EarningsYield0.020.050.030.020.04

Greenply Industries Ltd Profitability Ratios (%)

Greenply Industries Ltd Liquidity Ratios

Greenply Industries Ltd Liquidity Ratios (%)

Greenply Industries Ltd Interest Coverage Ratios (%)

Greenply Industries Ltd Valuation Ratios

Fair Value

Fair Value: 293.84

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: 5.32% compared to the current price 279

Intrinsic Value: 309.98

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: 11.10% compared to the current price ₹279

Last 5 Year EPS CAGR: 5.49%

*Investments are subject to market risks

Strength and Weakness of Greenply Industries Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 16.50%, which is a positive sign.
  2. The company has higher reserves (538.69 cr) compared to borrowings (491.85 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (71.23 cr) and profit (119.85 cr) over the years.
  1. The stock has a high average Working Capital Days of 56.50, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 64.33, which may not be favorable.

FAQ

What is the latest fair value of Greenply Industries Ltd?

The latest fair value of Greenply Industries Ltd is ₹293.84.

What is the Market Cap of Greenply Industries Ltd?

The Market Cap of Greenply Industries Ltd is 3,456 Cr..

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

The current stock price of Greenply Industries Ltd as on 21 June 2024 is ₹279.

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

In FY 2024, the High / Low of Greenply Industries Ltd stocks is 295/149.

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

The Stock P/E of Greenply Industries Ltd is 51.1.

What is the Book Value of Greenply Industries Ltd?

The Book Value of Greenply Industries Ltd is 57.4.

What is the Dividend Yield of Greenply Industries Ltd?

The Dividend Yield of Greenply Industries Ltd is 0.18 %.

What is the ROCE of Greenply Industries Ltd?

The ROCE of Greenply Industries Ltd is 11.1 %.

What is the ROE of Greenply Industries Ltd?

The ROE of Greenply Industries Ltd is 10.0 %.

What is the Face Value of Greenply Industries Ltd?

The Face Value of Greenply 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 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