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Greenply Industries Ltd share Price Today

Company details

254.55
263.45
148.85
284.65
6M Return 29.09%
1Y Return 55.12%
Mkt Cap.(Cr) 3,169.79
Volume 270,026
Div Yield 0.19%
OI
-
OI Chg %
-
Volume 270,026

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Forest Products company Greenply Industries announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue at Rs 599.8 crore, grew by 40.4% on YoY basis
  • Adjusted Core EBITDA was Rs 59.4 crore, EBITDA margin of 9.9% and a YoY growth of 22.8%
  • PAT was at Rs 32.5 crore, grew by 96.6% on YoY basis. The PAT includes profit of Rs 4.5 crore on sale of 51% stake in GMEL

Plywood Business:

  • Sales volume of 18.8 MSM, grew by 10.5% on YoY basis
  • Realisation of Rs 244 per SQM, declined by 0.8% on YoY basis
  • Revenue at Rs 468 crore, grew by 9.4% on YoY basis
  • Adjusted Core EBITDA was at Rs 40.1 crore; EBITDA margin of 8.6%. The margin declined on a yoy basis by 290 bps due to increase in raw material prices and higher advertisement expenses. The EBITDA margin, however, improved by 60bps on a Q-o-Q basis.

MDF Business:

  • Sales volume of 45,764 CBM
  • Realisation of Rs 28,640 per CBM
  • Revenue was at Rs 131.1 crore
  • Core EBITDA without forex loss was at Rs 18.7 crore with EBITDA margin of 14.1% as compared to 13.5% in Q3 FY24.
  • Net Profit was Rs 2.4 crore as compared to Net Loss for the previous quarter of Rs. 0.2 crore

FY24 Financial Highlights:

  • Revenue at Rs 2,179.9 crore, grew by 31.1% on YoY basis
  • Adjusted Core EBITDA was Rs 190.6 crore; with margin of 8.7% and a YoY growth of 12.6%.
  • PAT was at Rs 85.2 crore.

Plywood Business:

  • Sales volume of 71.9 MSM, grew by 8.6% on YoY basis
  • Realisation of Rs 247 per SQM, grew by 0.4% on YoY basis
  • Revenue at Rs 1,812 crore, grew by 8.9% on YoY basis
  • Adjusted Core EBITDA was at Rs 150.3 crore; EBITDA margin of 8.3%. The margin declined on a YoY basis to 8.3% from 10.4% in 12M FY23 mainly due to higher advertisement expenses and
  • increase in raw material prices.

MDF Business:

  • Sales volume of 1,24,772 CBM
  • Realisation of Rs 29,279 per CBM
  • Revenue was at Rs 365.3 crore
  • Core EBITDA (without forex loss) was at Rs 40.4 crore with EBITDA margin of 11.0%.
  • Net loss in this first year of operations was at Rs 15.8 crore.

Commenting on the performance for Q4 FY24, Manoj Tulsian, JMD & CEO, Greenply Industries Ltd. said “The growth in the plywood business for the fourth quarter was in-line with our expectations however margins remained under pressure as a result of high raw material prices and substantial increase in advertisement spend. We have achieved our full year growth target.

In the MDF business, we delivered a PAT positive performance in the third full operating quarter since the commencement of this business. We have exceeded our overall full year guidance of 100 thousand CBM in volume by a wide margin and have successfully established ourselves as a dependable player in the MDF segment of the wood panel industry. During the quarter we continued to focus on building a strong product portfolio and introduced a few value-added products. Going forward we are confident of achieving better margin profile in this business.”

Result PDF

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Greenply Industries Ltd shares SWOT Analysis

Strengths (8)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Good quarterly growth in the recent results

Weakness (3)

  • 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
  • Annual net profit declining for last 2 years

Opportunity (0)

Data not found

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 261.6
R2 267.0
R3 270.5
Pivot

258.08

S1 252.7
S2 249.2
S3 243.8
EMA SMA
253.6
251.4
242.7
223.8
250.1
251.4
248.7
215.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-12-19 231.62 702633 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2023-12-19 231.72 702633 NSE
SHOWAN INVESTMENT PRIVATE LIMITED Bulk Purchase 2021-08-26 182.25 6042800 BSE
Name Category Shares
RAJESH MITTAL ON BEHALF OF TRADE COMBINES, PARTNERSHIP FIRM PROMOTER 9.46%
SHOWAN INVESTMENT PRIVATE LIMITED PROMOTER 37.64%
RAJESH MITTAL AND SANIDHYA MITTAL ON BEHALF OF MITTAL BUSINESS HOLDINGS TRUST PROMOTER 4.75%

OUR RESEARCH VIEW

Investment recommendation
Primed for growth ahead! …
Call Date
26 Feb 2024
Entry Price 251.00
Target Price 320.00
Duration
12-18 Month
BUY

FINANCIALS

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

Greenply Industries Ltd Stocks COMPARISON

Financials( in Cr) Greenply Industries Ltd Century Plyboards (India) Ltd Greenlam Industries Ltd Greenpanel Industries Ltd Stylam Industries Ltd
Price 256.25 652.40 595.25 292.10 1,554.05
% Change -0.16 -1.08 1.24 -1.50 -1.92
Mcap Cr 3,169.79 14,494.57 7,593.84 3,581.93 2,633.80
Revenue TTM Cr 1,845.63 3,646.57 2,025.96 1,782.86 952.13
Net Profit TTM Cr 91.43 384.05 128.04 256.51 95.98
PE TTM 46.91 44.85 54.06 25.47 20.76
1 Year Return 55.12 14.00 67.42 -8.13 -0.95
ROCE 12.44 26.08 14.05 27.15 31.50
ROE 15.47 22.13 15.78 23.91 26.36
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 641.51 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 38,211.58 -20,152.87
LAST 3M 113,440.41 -31,179.37
LAST 6M 172,266.38 32,742.67
LAST 12M 272,035.18 123,918.17
Greenply Industries Limited - Shareholders meeting

May 29, 2024 l NSE Announcement

Greenply Industries Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 27, 2024 l NSE Announcement

Greenply Industries Limited - Outcome of Board Meeting

May 23, 2024 l NSE Announcement

Date Action Type Ratio
Aug 18, 2023 Dividend 50
Aug 18, 2022 Dividend 50

Greenply Industries Ltd Information

Stock PE (TTM)
46.91
Promoter Holding
52%
Book Value
57.3507
ROCE
12.44%
ROE
15.47%
Description
  • Greenply Industries Ltd. is an Indian consumer durables company that is mainly engaged in manufacturing plywood, medium density fibre boards (MDF), and trading of wallcovers and allied products. It was incorporated in 1990 and has its registered office in Tinsukia, Assam. In 1995, the Greenply Industries Ltd. became a public listed company.

    Greenply Industries Ltd.’s product offerings include plywood, blockboards, decorative veneers, flushdoors, specialty plywood, and PVC products. Greenply Industries supplies its products to various industries, including automobiles, railways, and construction. The company has three foreign subsidiaries—Greenply Trading Pte. Limited, Greenply Holdings Pte. Limited, Singapore, and Greenply Middle East Limited.

    As of March 31, 2022, the company has a market capitalisation of Rs. 2.61 trillion crore. The company is listed on the National Stock Exchange and has been allotted the symbol GREENPLY. Greenply Industries share price as of March 31, 2022 was Rs. 219.90. Greenply share price hit a 52-week high of Rs. 254.25 while it recorded a 52-week low of Rs. 161.10. The latest price to earnings ratio of Greenply shares is 28.64. The company’s latest price to book ratio is at 0.18. Last year, Greenply shares had provided a return of 26.73% to investors.

    The company is also actively engaged in environmentally sustainable activities. Considering that over 97% of its sheets employ plantation timber, Greenply Industries has actively undertaken plantation activities to restore balance. It is the first company in its industry panel to receive the FSC-FM certification.

    For the quarter ended December 31st 2021, Greenply Industries posted total revenues of Rs. 376.60 crores compared to Rs. 312.31 crores for the same period in the previous year. The company recorded total profit of Rs. 26.54 crores for the quarter ended December 31st 2021 compared to a profit of Rs. 24.31 crores for the same period in the previous year. Greenply shares posted an earnings per share of Rs. 2.16 for the quarter ended December 31st 2022. For the same period in the previous year, the company’s EPS was Rs. 1.98. The company’s peers include Century Plyboard, Ecoboards Industries and Archidply Industries, among others.

Registered Address

Makum Road, PB No 14, Tinsukia, Assam, 786125

Tel : 91-033-30515000
Email : kolkata:greenply.com; investors:greenply.com; sale
Website : http://www.greenply.com / www.greenplyplywood.com
Registrar

S K Computers

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 526797
NSE Code : GREENPLY
Book Closure Date (Month) : Aug
BSE Group : B
ISIN : INE461C01038

FAQ’s on Greenply Industries Ltd Shares

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

Company share prices and volatile and keep changing according to the market conditions. As of May 30, 2024 03:57 PM the closing price of Greenply Industries Ltd was Rs.256.25.

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 30, 2024 03:57 PM, the market cap of Greenply Industries Ltd stood at Rs. 3,169.79.

The latest PE ratio of Greenply Industries Ltd as of May 30, 2024 03:57 PM is 46.91

The latest PB ratio of Greenply Industries Ltd as of May 30, 2024 03:57 PM is 0.22

The 52-week high of Greenply Industries Ltd share price is Rs. 284.65 while the 52-week low is Rs. 148.85

According to analyst recommendations, Greenply Industries Ltd Share has a "Buy" rating for the long term.

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