Greenpanel Industries Ltd
NSE: GREENPANEL · Plywood Boards/ Laminates · sector
₹130.87NSE close 2026-10-26
Key numbers
Market cap₹1,605 cr
Price₹130.87
52w high / low₹311 / ₹131
P/E242.3xSector median 20.9x
P/B1.2xSector median 4.3x
Book value₹110.6
Dividend yield–Sector median 0.17%
ROE0.5%Sector median 5.8%
ROCE2.3%Sector median 8.5%
OPM8.0%Sector median 8.7%
Debt / equity0.26xSector median 0.38x
EV/EBITDA14.0xSector median 15.2x
Interest cover1.2x
Current ratio1.94x
Sales growth 3y-4.8%Sector median +5.8%
Profit growth 3y–Sector median -15.4%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 12 companies in Plywood Boards/ Laminates (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹197 cr vs borrowings ₹353 cr (FY26): borrowings are higher by ₹156 cr.
- Operating profit covered interest 1.2x in the last 12 months.
- Promoter holding rose by 1.18 percentage points in a year, to 54.31% (2026-09-30).
- Operating cash flow was below net profit in 1 of the last 5 years (FY24).
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 204% of net profit in the last 12 months.
- Debtor days went from 7 (FY24) to 21 (FY26).
- Dividend paid in 4 of the last 5 financial years.
- Price ₹130.87 on 2026-10-26: -57.9% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹411.35 · low ₹130.87
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 337 | 359 | 375 | 328 | 396 | 416 | 399 | 350 |
| EBITDA | 30 | 17 | 48 | -16 | 25 | 41 | 30 | 30 |
| OPM % | 8.9% | 4.8% | 12.8% | -4.8% | 6.3% | 9.8% | 7.5% | 8.5% |
| Other income | 6 | 7 | 4 | 3 | 3 | 3 | 5 | 3 |
| Net profit | 18 | 8 | 29 | -35 | -6 | 10 | 1 | 1 |
| EPS (₹) | 1.51 | 0.69 | 2.40 | -2.82 | -0.50 | 0.83 | 0.11 | 0.10 |
| Revenue YoY | +17.5% | +15.8% | +6.5% | +6.6% | ||||
| Profit YoY | -133.1% | +20.5% | -95.3% | – |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,624 | 1,783 | 1,567 | 1,436 | 1,539 | 1,561 |
| EBITDA | 418 | 386 | 248 | 131 | 80 | 125 |
| Net profit | 233 | 230 | 135 | 72 | -29 | 7 |
| EPS (₹) | 19.03 | 18.75 | 11.03 | 5.88 | -2.38 | 0.54 |
| Revenue growth | +9.8% | -12.1% | -8.4% | +7.2% | +11.6% | |
| Profit growth | -1.5% | -41.2% | -46.7% | -140.4% | -69.1% | |
| Dividend / share (₹) | 1.50 | 1.50 | 1.50 | 0.30 | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -4.8% | +8.6% | +11.6% |
| Net profit | – | – | -69.1% |
| EPS | – | – | – |
| Share price | – | -40.7% (2y) | -54.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,201 | 1,317 | 1,385 | 1,356 |
| Borrowings | – | 190 | 268 | 390 | 353 |
| Cash & equivalents | – | 356 | 238 | 226 | 197 |
| Total assets | – | 1,705 | 1,891 | 2,136 | 2,047 |
| Fixed assets | – | 991 | 982 | 1,558 | 1,424 |
| Capital work in progress | – | 5 | 313 | 11 | 20 |
| Investments | – | 22 | 0 | 0 | 0 |
| Receivables | – | 44 | 29 | 42 | 88 |
| Inventory | – | 153 | 202 | 199 | 189 |
| Payables | – | 111 | 109 | 103 | 118 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 360 | 339 | 135 | 78 | 111 |
| Cash from investing | -137 | -254 | -156 | -166 | 17 |
| Cash from financing | -180 | -131 | 50 | 82 | -115 |
| Capex | 34 | 89 | 347 | 192 | 41 |
| Free cash flow | 326 | 251 | -213 | -114 | 71 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 19.1% | 10.3% | 5.2% | -2.1% |
| ROCE % | – | 24.1% | 12.3% | 4.3% | -0.4% |
| Debtor days | – | 9 | 7 | 11 | 21 |
| Inventory days | – | 75 | 107 | 98 | 89 |
| Payable days | – | 54 | 58 | 51 | 55 |
| Cash conversion cycle (days) | – | 30 | 56 | 58 | 55 |
| Working capital days | – | 77 | 76 | 66 | 66 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 54.31% |
| FIIs | 1.03% |
| DIIs | 25.51% |
| of which Mutual funds | 22.42% |
| of which Insurance | 1.40% |
| Government | 0.00% |
| Public (non-institutions) | 19.15% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 53.13% | 53.13% | 53.13% | 53.13% | 53.13% | 53.13% | 53.26% | 54.31% |
| Promoter group | % |
|---|---|
| Prime Holdings Pvt. Ltd. | 39.39% |
| Shobhan Mittal | 14.52% |
| Bluesky Projects Pvt. Ltd. | 0.41% |
| Shiv Prakash Mittal | 0.00% |
| Santosh Mittal | 0.00% |
| Rajesh Mittal | 0.00% |
| Karuna Mittal | 0.00% |
| Sanidhya Mittal | 0.00% |
| Chitwan Mittal | 0.00% |
| Master Aditya Mittal | 0.00% |
| Rajesh Mittal & Sons HUF | 0.00% |
| ADCO Capital Pte. Ltd. | 0.00% |
| Niranjan Infrastructure Pvt. Ltd. | 0.00% |
| RS Homcon Ltd. | 0.00% |
| Shakuntala Safeinvest Pvt. Ltd. | 0.00% |
| Public holders above 1% | % |
|---|---|
| Bandhan Value Fund | 7.54% |
| ICICI Prudential Flexi Cap Fund | 3.56% |
| Kotak Mahindra Trustee Co Ltd A/C Kotak Consumption Fund | 3.45% |
| Sundaram Mutual Fund A/C Sundaram Small Cap Fund | 3.30% |
| Franklin India Small Cap Fund | 1.67% |
| Bajaj Life Insurance Limited | 1.40% |
| Tata Flexi Cap Fund | 1.05% |
86,238 shareholders. Pledged: – of promoter shares.
Peers in Plywood Boards/ Laminates
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| CENTURYPLY | ₹14,150 cr | 48.6x | 5.4x | 11.7% | 12.3% | 12.3% | +14.0% | 0.15% |
| GREENLAM | ₹5,360 cr | 57.6x | 4.5x | 8.1% | 10.1% | 11.2% | +14.6% | 0.19% |
| STYLAMIND | ₹5,303 cr | 31.3x | 6.6x | 23.2% | 26.8% | 20.2% | +5.8% | – |
| GREENPLY | ₹3,635 cr | 36.7x | 4.1x | 11.6% | 15.1% | 9.4% | +14.1% | 0.17% |
| EUROPRATIK | ₹1,796 cr | 20.9x | 5.8x | 27.8% | 37.5% | 31.5% | – | 0.11% |
| GREENPANEL | ₹1,605 cr | 242.3x | 1.2x | 0.5% | 2.3% | 8.0% | -4.8% | – |
| RUSHIL | ₹432 cr | 18.7x | 0.7x | 3.5% | 6.8% | 9.9% | +0.9% | 0.68% |
| ARCHIDPLY | ₹181 cr | 13.9x | 1.6x | 12.1% | 11.8% | 6.5% | +16.7% | – |
| ECOBOAR | ₹156 cr | 19.2x | 6.9x | -118.4% | -33.9% | -26.1% | -14.8% | – |
| DUROPLY | ₹106 cr | 13.9x | 0.7x | 1.4% | 6.9% | 4.9% | +10.0% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Medium density fibreboards and allied products | ₹1,407 cr | 91.4% | ₹94 cr | 6.6% |
| Plywood and allied products | ₹133 cr | 8.6% | ₹11 cr | 8.3% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-31 | Dividend | Dividend - Re 0.50 Per Share |
| 2025-02-18 | Dividend | Interim Dividend - Re 0.30 Per Share |
| 2024-02-09 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2023-02-09 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2022-08-26 | Other | Annual General Meeting |
| 2022-02-03 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2021-06-29 | Other | Annual General Meeting |
| 2020-09-10 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Plywood, MDF and allied products
- Trading Goods: Plywood, MDF and allied products
| Sector | Consumer Discretionary |
| Industry | Plywood Boards/ Laminates |
| Sub-industry | Plywood Boards/ Laminates |
| Symbol | GREENPANEL |
| BSE code | 542857 |
| ISIN | INE08ZM01014 |
| Face value | ₹1.0 |
| Incorporated | 2017-12-13 |
| Website | www.greenpanel.com |
| Plants (India / abroad) | 2 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.