Greenply Industries Ltd

Greenply Industr Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Greenply Industries Ltd

₹ 306 0.99%
22 Jul 4:01 p.m.
greenply.com / www.greenplyplywood.com / www.askgreenply.com BSE: 526797 NSE: GREENPLY
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]

Website BSE NSE
  • Market Cap ₹ 3,785 Cr.
  • Current Price ₹ 306
  • High / Low ₹ 348 / 149
  • Stock P/E 56.0
  • Book Value ₹ 57.4
  • Dividend Yield 0.16 %
  • ROCE 11.1 %
  • ROE 10.0 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 5.31 times its book value
  • Company has a low return on equity of 14.0% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 7.34% 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.

Peer comparison

Sector: Plywood Boards/Laminates Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
397 261 432 421 449 454 495 428 427 476 608 582 600
351 248 383 378 404 414 447 398 399 447 557 532 543
Operating Profit 45 13 50 43 45 40 48 30 28 29 51 50 57
OPM % 11% 5% 11% 10% 10% 9% 10% 7% 7% 6% 8% 9% 10%
4 2 2 5 3 2 1 13 4 1 4 16 4
Interest 4 3 3 3 2 5 7 6 3 13 18 15 9
Depreciation 6 6 6 7 7 8 9 10 8 13 16 15 15
Profit before tax 39 6 42 39 38 28 33 27 22 5 21 37 38
Tax % 27% 28% 24% 24% 25% 27% 28% -32% 50% 82% 33% 26% 25%
29 4 32 30 29 21 24 36 11 1 14 27 28
EPS in Rs 2.34 0.33 2.60 2.43 2.36 1.69 1.92 2.93 0.90 0.07 1.13 2.17 2.29
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,047 2,217 1,567 1,646 1,668 912 1,412 1,420 1,165 1,563 1,846 2,180
1,776 1,945 1,355 1,403 1,421 848 1,266 1,265 1,050 1,413 1,697 1,994
Operating Profit 272 272 211 243 247 64 146 156 115 150 148 185
OPM % 13% 12% 13% 15% 15% 7% 10% 11% 10% 10% 8% 9%
5 4 15 7 4 86 6 -48 6 12 25 12
Interest 66 64 38 31 19 8 19 21 17 12 26 43
Depreciation 54 60 47 50 51 18 22 26 23 26 36 55
Profit before tax 157 153 141 170 181 124 111 61 81 125 111 100
Tax % 24% 23% 12% 24% 31% 11% 28% 22% 25% 24% 17% 30%
120 118 124 128 125 111 80 47 61 95 91 70
EPS in Rs 9.93 9.76 10.31 10.63 10.23 9.02 6.50 3.85 4.97 7.73 7.44 5.66
Dividend Payout % 6% 6% 6% 6% 6% 7% 6% 10% 8% 6% 7% 9%
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: 9%
5 Years: 19%
3 Years: 16%
1 Year: 75%
Return on Equity
10 Years: 17%
5 Years: 15%
3 Years: 14%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 462 572 474 602 760 865 323 366 424 526 632 697
686 748 332 270 446 712 250 279 203 309 696 549
412 488 331 316 356 521 302 305 275 311 340 405
Total Liabilities 1,572 1,820 1,149 1,200 1,575 2,111 887 962 915 1,159 1,680 1,664
665 699 533 542 526 580 252 314 308 353 459 865
CWIP 23 117 14 9 269 770 17 5 6 110 513 12
Investments 0 0 35 29 26 18 22 24 23 26 6 43
883 1,004 567 620 754 742 596 619 578 671 702 743
Total Assets 1,572 1,820 1,149 1,200 1,575 2,111 887 962 915 1,159 1,680 1,664

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
184 189 187 191 212 113 98 58 228 92 62 111
-86 -172 -105 -63 -363 -328 -89 -58 -124 -130 -410 -143
-94 -23 -82 -100 190 164 -28 -19 -92 80 318 47
Net Cash Flow 4 -6 1 28 39 -50 -19 -20 12 42 -30 15

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 62 61 60 74 65 114 79 92 61 44 45 42
Inventory Days 110 121 76 55 65 150 72 77 96 88 90 96
Days Payable 92 100 92 99 86 142 99 101 109 84 79 92
Cash Conversion Cycle 80 82 45 30 45 122 52 68 47 47 57 46
Working Capital Days 64 63 48 47 38 79 50 62 45 40 57 46
ROCE % 20% 18% 15% 24% 19% 10% 12% 21% 15% 18% 12% 11%

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
52.25% 52.25% 52.31% 52.29% 52.32% 52.32% 52.32% 52.14% 52.12% 51.97% 52.00% 52.01%
2.68% 3.55% 3.58% 3.40% 3.18% 2.32% 2.16% 2.15% 2.07% 4.10% 4.13% 4.91%
29.77% 31.25% 31.98% 33.41% 32.91% 32.94% 32.87% 32.41% 32.39% 29.76% 30.31% 30.33%
15.30% 12.95% 12.14% 10.90% 11.57% 12.42% 12.65% 13.29% 13.41% 14.16% 13.54% 12.75%
No. of Shareholders 42,48539,27941,38540,79643,00948,17050,07647,71049,20446,17951,37548,073

* 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.

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