ALFA Finder| Revenue growth | 20.7% YoY |
|---|---|
| Margins | EBITDA margins stable; MDF margin 17.3% |
| Demand visibility | Positive momentum in MDF and Plywood volume |
| Management confidence | High |
Growth
Plywood revenue grew 16% YoY; MDF revenue surged 32.8% YoY driven by 24.7% volume growth.
Outlook
Capex ongoing for Odisha plywood expansion (13.5 Mn SQM) and Vadodara MDF Line 2 (2,10,000 CBM).
Risks
Share of loss from Greenply Samet JV (furniture hardware) remains a drag at Rs 5.7 Cr.
Last quarter's promises, checked
Delivered
- H2 FY26 Guidance → Delivered double-digit volume & value growth (= BEAT)
- Plywood Volume Target → 15.6% Q4 growth (= BEAT)
- D/E Ratio Target 0.5-0.6 → 0.52 (= BEAT)
Partly delivered
- MDF Margin Sustainability 17% → 17.3% (= BEAT/PARTIAL on stability)
Missed
- MDF Volume Growth Target 25-30% → 24.7% (= MISS)
Investor Presentation filed with BSE, NSE: GREENPLY. Summary written with AI assistance from the document.
Greenply Industries Ltd: key numbers
- Share price
- ₹277.05
- Market cap
- ₹3,460 Cr
- Revenue (annual)
- ₹2,739 Cr
- Net profit (annual)
- ₹89.53 Cr
- P/E (TTM)
- 27.6×Sector 38.7×
- Promoter holding
- 51.93%+0.00% QoQ
- FII holding
- 4.66%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Greenply Industries Ltd
All →Greenply Industries Earnings Call Transcript: Key Takeaways
Greenply delivered strong 16.1% revenue growth, navigating plywood capacity constraints and MDF pricing pressure.
- Call
- Guides 20% growth
Greenply Industries Capital Structure Change
Greenply Industries will invest up to Rs.30 Crore cash in wholly owned subsidiary Greenply Sandila. Funds will expand plywood capacity, paid in tranches through Q4 FY2028.
- Value
- ₹30.00 Cr
- Execution
- By Q4 of FY 2028, in one or more tranches
Greenply Industries Board Meeting Outcome
Greenply appoints MSKA & Associates LLP as statutory auditor for five years from the 2027 AGM, subject to shareholder approval. Incumbent BSR & Co. continues until then.
- Execution
- 5 years, from the conclusion of the 37th AGM (2027) to the conclusion of the 42nd AGM (2032)
Greenply Industries Capacity Expansion: ₹30 Cr Investment
Greenply's board approved further investment of up to INR 30 crore in its wholly owned subsidiary Greenply Sandila Private Limited for plywood capacity expansion. The funds will be paid in one or more tranches by Q4 FY2028.
- Value
- ₹30.00 Cr
- Execution
- Q4 of FY 2028, in one or more tranches
Greenply Industries Capacity Expansion
Greenply's board noted a 15 million sq mtr plywood capacity expansion at subsidiary Greenply Sandila, due by Q4 FY2028. Approximately Rs. 125 crore investment is planned.
- Execution
- By Q4 of FY 2028
- plywood manufacturing capacity
- 15.0 million sq mtr
Greenply Industries Management Change
Greenply Industries appointed Gaurav Drolia as Executive Vice President and Chief Strategy Officer, effective October 31, 2026. He is also designated Senior Management Personnel.