ALFA Finder| Revenue growth | 20.7% YoY growth to ₹724.9Cr, driven by strong MDF volumes. |
|---|---|
| Margins | Consolidated core EBITDA margin expanded 50 bps YoY to 10.8%. |
| Demand visibility | Encouraging demand momentum continues across both segments for the full year. |
| Management confidence | Optimistic on demand but cautious on raw material cost volatility. |
Growth
Growth is volume-led with MDF up 24.7% and Plywood up 13.8% YoY. MDF realization improved 9.9% QoQ.
Outlook
Full-year volume guidance maintained at 10% for Plywood and 25-30% for MDF. Target peak net debt at ₹710-730Cr.
Risks
Chemical price spikes from Middle East tensions and ongoing losses in furniture/fittings JV. High debt-to-equity ratio at 0.57x.
Last quarter's promises, checked
Delivered
- Guided H2 FY26 double-digit growth → delivered 19.6% Q4 revenue growth (= BEAT)
- Guided Plywood volume growth → delivered 15.6% in Q4 (= BEAT)
- Guided PVC/WPC plant start April '26 → delivered commercial production commenced (= BEAT)
Partly delivered
- Guided MDF margin sustainability at 17% → delivered 17.3% but requires price hikes (= PARTIAL)
Missed
- Guided consolidated net debt ₹461Cr → delivered ₹533Cr in Q1 FY27 (= MISS)
Earnings Call Transcript 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.