Greenply Industries Ltd

Greenply Industries Ltd

₹ 332 -0.87%
04 Jul 3:40 p.m.
About

Established in 1990, [1] Greenply Industries Limited is amongst the leading plywood manufacturers in India with a 26% share of the organized market. Greenply offers a wide range of panel products including plywood, block boards, decorative veneers, doors, and film-faced plywood, among others. [2]

Key Points

Product Portfolio
The Co.’s product portfolio comprises plywoods and blockboards, decorative veneers, flush doors, specialty plywood, and Polyvinyl Chloride (PVC) products. [1]

  • Market Cap 4,106 Cr.
  • Current Price 332
  • High / Low 340 / 149
  • Stock P/E 48.8
  • Book Value 58.5
  • Dividend Yield 0.15 %
  • ROCE 16.4 %
  • ROE 12.4 %
  • Face Value 1.00

Pros

  • Company is almost debt free.

Cons

  • Earnings include an other income of Rs.41.0 Cr.
  • Dividend payout has been low at 6.38% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
359 213 376 373 414 395 432 399 417 405 466 442 454
317 204 333 335 374 361 393 369 382 378 436 415 425
Operating Profit 42 9 43 38 40 33 38 31 36 26 30 27 29
OPM % 12% 4% 11% 10% 10% 8% 9% 8% 9% 6% 6% 6% 6%
4 3 3 4 4 3 3 15 -4 6 7 17 11
Interest 2 2 1 1 1 1 2 1 2 2 2 1 2
Depreciation 5 4 5 5 5 5 5 5 5 5 5 6 6
Profit before tax 39 6 40 36 38 29 35 40 25 26 30 37 33
Tax % 27% 27% 26% 25% 25% 26% 27% -21% 43% 25% 26% 25% 24%
29 4 30 27 29 22 25 48 14 19 22 27 25
EPS in Rs 2.35 0.35 2.41 2.16 2.33 1.78 2.07 3.90 1.15 1.55 1.79 2.22 2.00
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,000 2,160 1,564 1,714 1,663 891 1,284 1,268 1,015 1,377 1,643 1,767
1,739 1,895 1,355 1,468 1,408 819 1,162 1,139 918 1,246 1,505 1,655
Operating Profit 262 265 209 247 256 72 122 128 98 130 138 112
OPM % 13% 12% 13% 14% 15% 8% 10% 10% 10% 9% 8% 6%
5 3 15 5 2 99 4 -44 8 13 17 41
Interest 64 61 38 30 18 6 15 17 11 6 6 7
Depreciation 52 58 47 49 49 15 19 21 17 19 21 22
Profit before tax 151 149 139 173 191 149 93 46 78 119 128 125
Tax % 25% 23% 12% 24% 29% 9% 34% 29% 26% 25% 15% 25%
114 114 122 131 135 136 61 33 58 89 109 93
EPS in Rs 9.47 9.50 10.11 10.87 11.02 11.07 5.00 2.66 4.73 7.24 8.90 7.55
Dividend Payout % 6% 6% 6% 6% 5% 5% 8% 15% 8% 7% 6% 7%
Compounded Sales Growth
10 Years: -2%
5 Years: 7%
3 Years: 20%
TTM: 8%
Compounded Profit Growth
10 Years: -3%
5 Years: 6%
3 Years: 13%
TTM: -27%
Stock Price CAGR
10 Years: 10%
5 Years: 19%
3 Years: 19%
1 Year: 89%
Return on Equity
10 Years: 17%
5 Years: 17%
3 Years: 17%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 12 12 12 12 12 12 12 12 12 12 12 12
Reserves 465 571 472 601 775 903 319 345 398 496 617 711
642 674 332 255 426 652 144 155 70 51 30 61
407 466 331 320 320 489 297 282 257 288 292 348
Total Liabilities 1,526 1,723 1,146 1,188 1,533 2,056 772 793 737 846 952 1,133
652 685 533 530 501 483 169 200 191 185 184 190
CWIP 23 95 14 9 216 770 6 4 5 1 7 4
Investments 18 31 33 38 72 76 42 44 45 228 219 236
833 911 567 611 743 727 556 545 496 432 542 702
Total Assets 1,526 1,723 1,146 1,188 1,533 2,056 772 793 737 846 952 1,133

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
212 205 187 205 217 132 130 35 218 108 135 50
-93 -160 -104 -68 -364 -305 -61 -19 -114 -87 -89 -75
-115 -52 -82 -111 187 132 -81 -24 -99 -25 -37 25
Net Cash Flow 3 -7 1 25 40 -41 -12 -8 5 -3 9 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 63 59 60 71 66 116 81 89 59 42 43 47
Inventory Days 101 109 76 51 66 140 64 68 79 75 60 72
Days Payable 90 94 92 92 86 137 110 103 121 96 84 94
Cash Conversion Cycle 73 74 45 30 46 119 35 53 17 21 20 25
Working Capital Days 59 56 48 44 42 82 44 56 27 21 26 54
ROCE % 20% 18% 16% 25% 20% 12% 11% 23% 18% 24% 23%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.22% 52.25% 52.25% 52.31% 52.29% 52.32% 52.32% 52.32% 52.14% 52.12% 51.97% 52.00%
1.77% 2.68% 3.55% 3.58% 3.40% 3.18% 2.32% 2.16% 2.15% 2.07% 4.10% 4.13%
31.51% 29.77% 31.25% 31.98% 33.41% 32.91% 32.94% 32.87% 32.41% 32.39% 29.76% 30.31%
14.50% 15.30% 12.95% 12.14% 10.90% 11.57% 12.42% 12.65% 13.29% 13.41% 14.16% 13.54%
No. of Shareholders 33,18942,48539,27941,38540,79643,00948,17050,07647,71049,20446,17951,375

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls