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Greenpanel Industries Ltd share Price Today

Company details

298.70
302.80
287.15
449.90
6M Return -9.72%
1Y Return -9.61%
Mkt Cap.(Cr) 3,645.70
Volume 26,811
Div Yield 0.50%
OI
-
OI Chg %
-
Volume 26,811

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Forest products company Green Panel Industries announced Q4FY23 & FY23 results:

  • Q4FY23:
    • Net sales during Q4FY23 was Rs 440.58 crore compared to Rs 460.26 crore in Q4FY22
    • In Q4FY23 gross margin fell by 662 bps YoY at 53.7%
    • EBITDA margins were down by 1,151 bps at 19.2%
    • MDF export realisations were lower by 10% YoY due to price cuts
    • EBITDA stood at Rs 84.75 crore
    • PAT was lower by 14% due to a fall in EBITDA and reflected gains due to deferred tax write-off aggregating to Rs 26.74 crore
  • FY23:
    • Net sales grew by 12.2% at Rs 1,778.55 crore
    • Gross margin in value terms was up by 12.9% at Rs 1,032.76 crore
    • EBITDA margins were lower by 320 bps at 24.5%, in value terms, fell by 0.8% at Rs 435.87 crore
    • PAT was up by 7% at Rs 256.51 crore
    • Gross debt to equity ratio stands at 0.16 as on March 31, 2023, compared to 0.30 on March 31, 2022. Net Debt as on March 31, 2023, stood at negative Rs 187 crore compared to positive Rs 144 crore as on March 31, 2022.

Speaking about the financial results, Shobhan Mittal, Managing Director, and Chief Executive Officer, Greenpanel Industries Limited said, “MDF export volumes rose by 89% while domestic volumes fell by 7%. Overall MDF volumes grew by 10% YoY in Q4FY23 vs Q4FY22. MDF EBITDA margins at 21.9% for Q4FY23 were impacted by a) higher export volumes, b) steep increase in raw material cost, c) higher brand spends, and d) price cuts taken in exports.

We maintained working capital discipline in a challenging quarter with net working capital at 17 days of turnover.

Plywood volumes fell by 17.1% YoY in Q4FY23; operating margins at 0.4% were impacted by lower volumes and an increase in raw material costs.

Consolidated operating margins for Q4FY23 stood at 19.2%. Working capital investment was reduced by 6 days QoQ and increased by 1 day YoY to 17 days as on 31 March 2023. Cash generated was Rs 53 crore during Q4FY23. Net debt reduced to negative Rs 187 crore as on March 31, 2023.

Increasing the Greenpanel Brand Value, by associating with Delhi Capitals, an IPL Franchise, as the principal sponsor for 3 years.

Widening distribution reach and increasing domestic volumes and proportion of value-added products will be our major focus areas in future quarters."

 

 

Result PDF

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Greenpanel Industries Ltd shares SWOT Analysis

Strengths (4)

  • Company with Low Debt
  • Book Value per share Improving for last 2 years
  • Company with Zero Promoter Pledge

Weakness (12)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (1)

  • Street Favorite: High Analyst Rating with at least 20% upside

Threats (2)

  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 302.7
R2 304.8
R3 306.8
Pivot

300.68

S1 298.6
S2 296.6
S3 294.5
EMA SMA
303.4
320.1
336.6
346.3
304.4
318.5
356.1
355.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-12-28 429.29 884348 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2023-12-28 429.37 884348 NSE
PLUTUS WEALTH MANAGEMENT LLP Bulk Purchase 2021-03-12 175.1 3500000 BSE
Name Category Shares
SHIV PRAKASH MITTAL PROMOTER 3.76%
SANTOSH MITTAL PROMOTER 1.2%
Prime Holdings Pvt. Ltd. PROMOTER 39.24%
Shobhan Mittal PROMOTER 8.63%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Greenpanel Industries Ltd Stocks COMPARISON

Financials( in Cr) Greenpanel Industries Ltd Century Plyboards (India) Ltd Greenlam Industries Ltd Greenply Industries Ltd Stylam Industries Ltd
Price 297.30 678.80 590.60 246.30 1,592.45
% Change 0.85 2.09 0.45 2.28 -2.27
Mcap Cr 3,645.70 15,081.10 7,534.52 3,046.71 2,698.88
Revenue TTM Cr 1,782.86 3,646.57 2,025.96 1,845.63 952.13
Net Profit TTM Cr 256.51 384.05 128.04 91.43 95.98
PE TTM 25.80 41.62 52.05 67.88 23.19
1 Year Return -9.61 18.09 89.42 54.81 0.16
ROCE 27.15 26.08 14.05 12.44 31.50
ROE 23.91 22.13 15.78 15.47 26.36
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,193.91 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,096.27 -32,431.93
LAST 3M 103,643.75 -39,912.42
LAST 6M 170,661.45 50,171.66
LAST 12M 264,707.07 127,969.33

Greenpanel Industries Ltd Information

Stock PE (TTM)
25.8
Promoter Holding
53.13%
Book Value
107.4085
ROCE
27.15%
ROE
23.91%
Description
  • Greenpanel Industries is an Indian wholesale building materials company headquartered in Gurgaon, Haryana. The company specialises in manufacturing plywood, veneers, pre-laminated medium-density fibreboards, blockboards, wood floors, and doors. Initially, it was part of Greenply Industries. In 2019, the company demerged and became Greenpanel Industries. The company was also listed on the National Stock Exchange and the Bombay Stock Exchange in the same year.

    Greenpanel Industries has a total market capitalisation of Rs. 7.24 trillion crore. Greenpanel Industries Ltd. share price as of March 31, 2022 was Rs. 585.45. Greenpanel share price hit a 52-week high of Rs. 606 and a 52-week low of Rs. 163.70. The latest price to earnings ratio of the company was at 33.3 while its latest price to book ratio was at 0.12. Greenpanel Industries share price returned 270.95% to investors in the span of a year.

    The company’s verticals can be largely categorised into five segments—Medium Density Fibres, Plywood, Floorings, Decorative Veneers, and Doors. Like its previous parent company, Greenpanel Industries also focuses on environment and sustainability. The company’s Andhra Pradesh factory has been rated as an environment showpiece, validated by the IGBC Green Factory Building with a gold rating for sustainable manufacturing practices. Greenpanel Industries provides clonal saplings to farmers to raise specific wood species that consume less water and comprise a relatively short gestation period. The company also has a team that focuses on fostering environmentally sustainable practices in its manufacturing facilities.

    Greenpanel Industries posted total income of Rs. 426.54 crores for the quarter ended December 31st 2021. This compares to the total income of Rs. 316.98 crores posted for the same period in the previous year. The company made a total profit of Rs. 62.64 crores for the quarter ended December 31st 2021. For the same period in the previous year, the company’s profit was at Rs. 34.31 crores. It posted a total earnings per share of Rs. 5.11 for the quarter ended December 31st 2021 compared to Rs. 2.8 for the same period in the previous year. The company’s peers include Century Plyboard, Ecoboards Industries, and Archidply Industries, among others.

    Disclaimer:- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

No Data Found

AGM Date (Month) : Jul
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 542857
NSE Code : GREENPANEL
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE08ZM01014

FAQ’s on Greenpanel Industries Ltd Shares

You can buy Greenpanel Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Greenpanel Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 17, 2024 03:52 PM the closing price of Greenpanel Industries Ltd was Rs.297.30.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 17, 2024 03:52 PM, the market cap of Greenpanel Industries Ltd stood at Rs. 3,645.70.

The latest PE ratio of Greenpanel Industries Ltd as of May 17, 2024 03:52 PM is 25.80

The latest PB ratio of Greenpanel Industries Ltd as of May 17, 2024 03:52 PM is 0.36

The 52-week high of Greenpanel Industries Ltd share price is Rs. 449.90 while the 52-week low is Rs. 287.15

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