Greenply Industries Ltd
NSE: GREENPLY · Plywood Boards/ Laminates · sector
₹291.00NSE close 2026-10-26
Key numbers
Market cap₹3,635 cr
Price₹291.00
52w high / low₹334 / ₹176
P/E36.7xSector median 20.9x
P/B4.1xSector median 4.3x
Book value₹71.6
Dividend yield0.17%Sector median 0.17%
ROE11.6%Sector median 5.8%
ROCE15.1%Sector median 8.5%
OPM9.4%Sector median 8.7%
Debt / equity0.55xSector median 0.38x
EV/EBITDA15.3xSector median 15.2x
Interest cover4.7x
Current ratio1.29x
Sales growth 3y+14.1%Sector median +5.8%
Profit growth 3y-0.7%Sector median -15.4%
PEG–
Last 12 months to Jun 2026, Consolidated. "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 ₹28 cr vs borrowings ₹489 cr (FY26): borrowings are higher by ₹461 cr.
- Operating profit covered interest 4.7x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY23, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 7% of net profit in the last 12 months.
- Debtor days went from 42 (FY24) to 54 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹291.00 on 2026-10-26: -13.0% from the 52-week high, +64.9% 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 ₹387.65 · low ₹181.14
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 640 | 614 | 649 | 601 | 689 | 673 | 776 | 725 |
| EBITDA | 58 | 54 | 68 | 66 | 57 | 55 | 78 | 78 |
| OPM % | 9.0% | 8.8% | 10.5% | 11.0% | 8.2% | 8.2% | 10.1% | 10.8% |
| Other income | 2 | 3 | 6 | 13 | 2 | 1 | 3 | 2 |
| Net profit | 18 | 24 | 17 | 28 | 16 | 14 | 31 | 38 |
| EPS (₹) | 1.42 | 1.96 | 1.33 | 2.28 | 1.28 | 1.15 | 2.48 | 3.01 |
| Revenue YoY | +7.5% | +9.6% | +19.6% | +20.7% | ||||
| Profit YoY | -8.9% | -41.3% | +85.1% | +32.0% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,563 | 1,846 | 2,180 | 2,488 | 2,739 | 2,863 |
| EBITDA | 150 | 179 | 200 | 238 | 256 | 268 |
| Net profit | 95 | 91 | 70 | 92 | 90 | 99 |
| EPS (₹) | 7.72 | 7.44 | 5.67 | 7.39 | 7.19 | 7.92 |
| Revenue growth | +18.1% | +18.1% | +14.1% | +10.1% | +14.3% | |
| Profit growth | -3.5% | -23.5% | +31.1% | -2.4% | +13.3% | |
| Dividend / share (₹) | 0.40 | 0.50 | 0.50 | 0.50 | 0.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +14.1% | +22.0% | +14.3% |
| Net profit | -0.7% | +9.1% | +13.3% |
| EPS | -1.1% | +8.8% | – |
| Share price | – | -13.9% (2y) | -5.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 644 | 709 | 809 | 895 |
| Borrowings | – | 663 | 525 | 488 | 489 |
| Cash & equivalents | – | 31 | 22 | 25 | 28 |
| Total assets | – | 1,681 | 1,664 | 1,952 | 1,962 |
| Fixed assets | – | 449 | 846 | 838 | 889 |
| Capital work in progress | – | 513 | 12 | 44 | 50 |
| Investments | – | 5 | 5 | 6 | 6 |
| Receivables | – | 229 | 249 | 323 | 407 |
| Inventory | – | 278 | 348 | 518 | 364 |
| Payables | – | 243 | 333 | 535 | 452 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 92 | 62 | 111 | 219 | 247 |
| Cash from investing | -129 | -409 | -143 | -147 | -152 |
| Cash from financing | 80 | 318 | 46 | -83 | -78 |
| Capex | 232 | 415 | 143 | 78 | 157 |
| Free cash flow | -140 | -353 | -32 | 141 | 90 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 14.2% | 9.9% | 11.3% | 10.0% |
| ROCE % | – | 12.1% | 12.9% | 15.0% | 15.2% |
| Debtor days | – | 45 | 42 | 47 | 54 |
| Inventory days | – | 90 | 96 | 127 | 82 |
| Payable days | – | 79 | 92 | 132 | 101 |
| Cash conversion cycle (days) | – | 56 | 46 | 42 | 35 |
| Working capital days | – | 32 | 26 | 26 | 26 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 51.93% |
| FIIs | 4.66% |
| DIIs | 31.60% |
| of which Mutual funds | 29.87% |
| Public (non-institutions) | 11.81% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 51.66% | 51.69% | 51.69% | 51.69% | 51.80% | 51.89% | 51.93% | 51.93% |
| Promoter group | % |
|---|---|
| Shakuntala Safeinvest Private Limited (Formerly Known AS Showan Investment Private Limited) | 37.46% |
| Rajesh Mittal on Behalf of Trade Combines, Partnership Firm | 9.38% |
| MITTAL BUSINESS HOLDINGS TRUST (Trustee - Rajesh Mittal & Sanidhya Mittal) | 4.71% |
| Karuna Investment Private Limited | 0.18% |
| Rajesh Mittal & Sons, HUF | 0.13% |
| Sanidhya Mittal | 0.06% |
| Rajesh Mittal | 0.01% |
| Karuna Mittal | 0.01% |
| Shobhan Mittal | 0.00% |
| Santosh Mittal | 0.00% |
| Shiv Prakash Mittal | 0.00% |
| Chitwan Mittal | 0.00% |
| Master Aditya Mittal | 0.00% |
| Prime Holdings Private Limited | 0.00% |
| Niranjan Infrastructure PVT. Ltd. | 0.00% |
| Public holders above 1% | % |
|---|---|
| Mirae Asset Elss TAX Saver Fund | 9.92% |
| HDFC Mutual Fund - HDFC Housing Opportunities Fund | 6.35% |
| Tata Mutual Fund - Tata Small CAP Fund | 5.77% |
| Canara Robeco Mutual Fund A/C Canara Robeco Balanced Advantage Fund | 2.62% |
| Bandhan Aggressive Hybrid Fund | 2.11% |
| Aditya Birla SUN Life Mutual Fund - Aditya Birla SUN Life BAL Bhavishya Yojna | 1.12% |
| SBI Contra Fund | 1.08% |
50,551 shareholders. Pledged: 0.00% 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 |
|---|---|---|---|---|
| Plywood and allied products | ₹2,105 cr | 76.8% | ₹166 cr | 7.9% |
| Medium density fibreboards and allied products | ₹635 cr | 23.2% | ₹52 cr | 8.1% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-04 | Dividend | Dividend - Re 0.50 Per Share |
| 2025-08-04 | Dividend | Dividend - Re 0.50 Per Share |
| 2024-08-05 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2023-08-18 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2022-08-18 | Dividend | Annual General Meeting/Dividend - Rs 0.50 Per Share |
| 2021-08-12 | Dividend | Annual General Meeting/Dividend - Rs 0.40 Per Share |
| 2020-08-27 | Dividend | Annual General Meeting/Dividend - Rs 0.40 Per Share |
| 2019-08-29 | Dividend | Annual General Meeting/Dividend - Rs 0.40 Per Share |
| 2019-07-12 | Restructuring | Demerger |
| 2018-07-11 | Dividend | Annual General Meeting/Dividend- Re 0.60 Per Share |
| 2017-07-05 | Dividend | Annual General Meeting/Dividend - Re 0.60 Per Share |
| 2016-07-05 | Dividend | Annual General Meeting/ Dividend - Re 0.60/- Per Share |
| 2016-01-06 | Split | Face Value Split (Sub-Division) - From Rs 5/- Per Share To Re 1/- Per Share |
| 2015-07-08 | Dividend | Annual General Meeting/Dividend - Rs 3/- Per Share |
| 2014-11-26 | Restructuring | Scheme Of Demerger |
| 2014-07-16 | Dividend | Annual General Meeting / Final Dividend - Rs 3/- Per Share |
| 2013-08-02 | Dividend | Annual General Meeting / Final Dividend - Rs 3/- Per Share |
| 2012-08-06 | Dividend | Annual General Meeting/ Dividend Rs 2 Per Share |
| 2011-08-01 | Dividend | Annual General Meeting And Dividend Re.1/- Per Share |
| 2010-07-30 | Dividend | Annual General Meeting And Final Dividend Rs.1.50 Per Share |
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: Manufacturing of plywood, blockboards, decorative veneers, flush doors and allied products
- Trading: Trading of plywood, blockboards, flush doors and Polyvinyl Chloride (PVC) products
| Sector | Consumer Discretionary |
| Industry | Plywood Boards/ Laminates |
| Sub-industry | Plywood Boards/ Laminates |
| Symbol | GREENPLY |
| BSE code | 526797 |
| ISIN | INE461C01038 |
| Face value | ₹1.0 |
| Incorporated | 1990-11-28 |
| Website | www.greenply.com |
| Plants (India / abroad) | 3 / 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.