| Management target | Revenue 20.0% FY27 |
|---|
| Revenue growth | 16.1% YoY growth to ₹799.7 Cr, driven by premium product mix. |
|---|---|
| Margins | Core EBITDA expanded 300 bps YoY to 11.2% through operational efficiency. |
| Demand visibility | Healthy momentum in premium plywood; MDF facing intense unorganized competition. |
| Management confidence | Confident, focusing on premiumization and capacity expansion despite sectoral pricing wars. |
Growth
Revenue grew 16.1% YoY to ₹799.7 Cr; Core EBITDA margin expanded 300 bps YoY to 11.2%.
Outlook
Plywood capacity expansion in Lucknow targets ₹320-340 Cr revenue by Q4 FY28.
Risks
Pricing volatility in MDF due to competition and high chemical costs (up 7-8%) remain headwinds.
Last quarter's promises, checked
Delivered
- Guided peak D/E 0.75x (Mar-27) → D/E 0.56x (= BEAT, net-debt basis)
Partly delivered
- Guided plywood vol +10% → +6.1% (= PARTIAL)
- Guided plywood EBITDA ~10% → split undisclosed (= PARTIAL)
Missed
- Guided MDF vol +25-30% → +16.1% (= MISS)
- Guided MDF EBITDA 16-17% → 15.2% (= MISS)
- Guided JV losses zero mid-FY28 → minority-stake pivot (= MISS)
Earnings Call Transcript filed with NSE, NSE: GREENPLY. Summary written with AI assistance from the document.
Greenply Industries Ltd: key numbers
- Share price
- ₹264.70
- Market cap
- ₹3,306 Cr
- Revenue (annual)
- ₹2,739 Cr
- Net profit (annual)
- ₹89.53 Cr
- P/E (TTM)
- 26.4×Sector 40.0×
- 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 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.
Greenply Industries Employee Stock Options
Greenply Industries allotted 500 equity shares under its ESOP 2020 scheme on 29 October 2026. The allotment lifts paid-up capital to Rs.12,49,02,545.