GREENPLY · Greenply Industries Ltd · Constr. - Supplies & Fixtures
GREENPLY · Greenply Industries Ltd · Constr. - Supplies & Fixtures
As of 05 Nov close
52-week range
20.6% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹725 Cr
Revenue YoY
PAT YoY
+32.0%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
4
P/S (TTM)
1.3
Sector P/E
Not available from data source
Dividend yield
+0.2%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| GREENPLY (this stock) | 37.6 | 4 | +3.4% | +11.0% | 0.58 | +0.2% |
| Grindwell Norton | 54.9 | 8.3 | +13.8% | +17.2% | 0.02 | +1.0% |
| Carborundum Universal | 106.5 | 5.9 | +3.9% | +5.4% | 0.11 | +0.4% |
| Kajaria Ceramics | 35.3 | 6.2 | +10.8% | +17.8% | 0.07 | +1.1% |
Promoter
stable
FII
rising 1q
MF
30.20% (-0.35pp)
falling 3q
Insider trades
| Date | Insider | Type | Qty | Value |
|---|---|---|---|---|
| 13 May 2026 | Shakuntala Safeinvest Private Limited (Formerly known as Showan Investment Private Limited) | BUY | 38,200 | ₹99.71 lakh |
Bulk/block deals
| canonicalSymbol | date | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| GREENPLY | 2026-04-29 | 13704485 | 10 | MEDIUM | BULK |
News timeline
- lowbusiness-standard.com· 13 Oct 2026, 07:38 amKotak Neo's Shrikant Chouhan bullish on BEL, Greenply; check targets
Concalls & investor presentations
AI-generatedKey takeaway: Greenply Industries Limited held its Q1 FY27 earnings conference call on July 24, 2026, where management reported a double-digit volume growth in both the plywood and MDF segments. The company achieved a consolidated revenue of INR 724.9 crores, reflecting a 20.7% year-on-year increase. The plywood segment saw a volume growth of 13.8% and revenue of INR 526.6 crores, while the MDF segment reported a revenue of INR 195.7 crores with a volume growth of 32.8%. Management highlighted the launch of the 'One Sheet, One Tree' sustainability campaign and noted that input costs began to moderate after a period of elevated prices due to geopolitical tensions. The company maintained a prudent financial position with a net debt of INR 533 crores and a debt-equity ratio of 0.57x. Management expressed confidence in achieving a volume growth goal of 10% in plywood and 25% to 30% in MDF for the full year.
Management emphasized strong growth and sustainability initiatives.
Sourced from an exchange-filed transcript, dated 27 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Greenply Industries Limited reported its un-audited financial results for the quarter ended June 30, 2026, highlighting a consolidated revenue of Rs 724.9 crores, reflecting a year-on-year increase of 20.7%. Core EBITDA also saw a rise of 27.1% to Rs 78.3 crores, with a core EBITDA margin improvement of 50 basis points to 10.8%. Profit After Tax (PAT) increased by 32.2% to Rs 37.6 crores compared to the same quarter last year. The company noted a significant decrease in other income, which fell by 86.2% to Rs 1.8 crores. The MDF business reported a revenue growth of 32.8% year-on-year, while the plywood business saw a 16.0% increase. Management emphasized their strategic focus on product portfolio expansion and sustainability initiatives, including plans for zero-emission plywood and tree planting efforts.
Management highlighted strong revenue and profit growth across key business segments.
Sourced from an exchange-filed presentation, dated 24 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Greenply Industries Limited held its Q4 FY '26 earnings conference call on April 30, 2026, where management reported a strong performance, achieving double-digit year-on-year growth in both volume and value across business segments. The company recorded its highest quarterly revenue of INR776.2 crores, a 19.6% increase year-on-year, with consolidated core EBITDA margins improving to 12%. Management noted a successful transition in leadership, with Mr. Manoj Tulsian resigning as JMD and CEO but remaining as an advisor. They addressed a recent income tax department operation, stating no penalties or demands had been received. The company also disclosed a conservative approach to international exposure due to geopolitical challenges, resulting in a one-time exceptional item of INR15.16 crores. Management highlighted ongoing capex initiatives and set a goal of 10% volume growth for plywood and 25% to 30% for MDF in the upcoming year.
Management emphasized strong growth and operational improvements.
Sourced from an exchange-filed transcript, dated 04 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Greenply Industries Limited reported its audited financial results for the quarter and year ended March 31, 2026, highlighting a consolidated revenue of Rs 776.2 crores for Q4 FY26, representing a 19.6% year-on-year increase. The core EBITDA for the same quarter was Rs 93.2 crores, up 37.0% from the previous year, with a core EBITDA margin of 12.0%. The company noted a profit before tax of Rs 43.8 crores, an increase of 79.2% year-on-year. For the full year, total revenue reached Rs 2739.0 crores, a 10.1% increase from FY25. The presentation also detailed the performance of the plywood and MDF businesses, with significant growth in sales volumes and core EBITDA margins. Management emphasized ongoing strategic initiatives, including product portfolio expansion and sustainability efforts, while also addressing challenges such as exceptional items impacting profitability.
Management highlighted strong revenue and EBITDA growth, indicating a positive performance.
Sourced from an exchange-filed presentation, dated 28 Apr 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Greenply Industries Limited held a conference call on February 5, 2026, to discuss its financial results for the quarter and nine months ended December 31, 2025. Management reported a consolidated quarterly revenue of INR 673.4 crores, reflecting a 9.6% year-on-year growth. The core EBITDA for the quarter was INR 58.9 crores, with a margin of 8.7%. The MDF segment showed a revenue of INR 152 crores, with a volume growth of 14.5% year-on-year. Management highlighted a successful three-brand communication strategy that contributed to consistent growth in plywood and MDF businesses. They also announced a planned investment of INR 400 crores for expanding MDF capacity. Despite some operational challenges earlier in the quarter, management expressed confidence in achieving strong growth and improving margins in the upcoming quarters. The call concluded with management inviting further questions from participants.
Management expressed confidence in growth and operational improvements.
Sourced from an exchange-filed transcript, dated 07 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Greenply Industries Limited reported its un-audited financial results for the quarter and nine months ended December 31, 2025, in an investor presentation dated February 4, 2026. The presentation highlighted a 9.6% year-on-year increase in revenue for Q3 FY26, totaling Rs 673.4 crores, while the nine-month revenue grew by 6.7% to Rs 1962.8 crores. Core EBITDA for Q3 FY26 was Rs 58.9 crores, reflecting a 9.0% increase year-on-year. However, profit before tax decreased by 33.9% to Rs 21.9 crores in Q3 FY26 compared to the previous year. The presentation also noted a significant share of loss from equity accounted investees, amounting to Rs 7.8 crores in Q3 FY26. The company emphasized its commitment to sustainability and community engagement through various CSR initiatives, spending Rs 164 lakhs on such activities during the nine months of FY26.
The presentation reported both revenue growth and significant declines in profit metrics.
Sourced from an exchange-filed presentation, dated 04 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedGreenply Industries Limited's FY2024-25 annual report highlights the company's strategic focus on expanding its business segments to transform its brands into comprehensive solutions, aiming to enhance profitability and sustainability. The report notes that the company has not defaulted on loans or interest payments and has not been declared a wilful defaulter. However, there are several pending legal disputes related to tax and GST issues, which are under appeal. The company has also issued a guarantee for a joint venture company, which was later approved by shareholders. The report includes forward-looking statements regarding future growth strategies but does not provide specific financial figures for the current year.
- Greenply is expanding into new business segments to transform its brands into solutions, enhancing profitability and sustainability.
- The company has not defaulted on loans or interest payments and has not been declared a wilful defaulter.
- There are pending legal disputes related to excise duty, sales tax, and GST issues, which are under appeal.
- A guarantee was issued for a joint venture company, later approved by shareholders.
- The report includes forward-looking statements about future growth strategies but lacks specific current year financial figures.
Key takeaway: Greenply Industries is strategically expanding its business segments and maintaining financial discipline, but faces ongoing legal challenges and contingent liabilities that could affect its future performance.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Investigation or enforcement mention (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Investigation or enforcement mention
2 occurrencesRecent (last 12 months)
Greenply Industries Limited was subject to a search and seizure operation by the Income Tax Department from 26th February 2026 to 02nd March 2026. No assessment order, notice of demand, or penalty order has been received yet, and the matter is at a preliminary stage.
A search and seizure operation was conducted by the income tax department at the company's business premises from 26th February 2026 to 2nd March 2026. No order, demand, or penalty notice has been received by the company as of the report date.
Routine disclosures
Contingent Liability
7 occurrencesRecent (last 12 months)
The company reduced its contingent liability related to Gabon operations from USD 6.1 million to USD 1 million as of December 2025 by reducing its stake below 20%.
Greenply Industries Limited's contingent liability decreased from INR24 crores to INR10 crores as of 31 December 2025.
The company's contingent liability has decreased from INR32 crores to INR24 crores due to reduced guarantees at Greenply Middle East Limited.
Earlier (1-3 years ago)
The company has a contingent liability of $3 million related to a corporate guarantee, though there is no current outstanding against this guarantee.
Greenply Industries Limited provided a guarantee of INR 5,500 lakhs for a loan obtained by its joint venture entity, Greenply Samet Private Limited, without obtaining prior shareholder approval, which is non-compliant with Section 185 of the Companies Act, 2013.
The company is reducing a USD 5.8 million funding granted to Greenply Middle East Limited by USD 2 million, which will reduce the contingent liability by a similar amount.
Older (3+ years ago)
The company has contingent liabilities related to excise duty, sales tax, and other indirect tax disputes, as well as consumer court cases in dispute as of 31 March 2023 and 2022.
Related-Party Transaction
3 occurrencesRecent (last 12 months)
The company made a contribution to the Greenply Foundation, a related party, as part of its CSR expenditure.
Earlier (1-3 years ago)
The company has disclosed related-party transactions involving purchases and sales of products, guarantees, rent, and other services with entities controlled by Key Management Personnel or their relatives, including Greenply Middle East Limited, Greenply Alkemal (Singapore) Pte. Limited, and others.
Older (3+ years ago)
The company recognized an impairment loss of ₹1,638.68 lakhs on its investment in Greenply Holdings Pte. Limited, which is a related party due to the ownership structure involving subsidiaries and joint ventures.
Statutory dues in dispute
3 occurrencesRecent (last 12 months)
The company has undisputed statutory dues including GST, PF, ESIC, Income-Tax, Customs Duty, or Cess that have been regularly deposited. However, there are disputes over some statutory dues, but the amounts and details are not fully disclosed in the excerpt.
Earlier (1-3 years ago)
The company has statutory dues relating to Goods and Service Tax, Provident Fund, Employees State Insurance, Income-Tax, Duty of Customs, Duty of Excise, Sales tax, Value added tax or Cess or other statutory dues which have not been deposited on account of any dispute.
Older (3+ years ago)
The company has statutory dues pending in disputes under various acts, including Central Excise Act and West Bengal Sales Tax Act, with amounts and pending forums listed.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
1.88% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).