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Prices as of 9 Oct 2026 close · Not investment advice

Greenpanel Industries Limited

NSE: GREENPANELPlywood Boards/ Laminates

Share price

₹153.78

-0.25% close of 9 Oct 2026

Market cap ₹1,845 CrP/E 274.6

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

43

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹1,845 Cr

P/E ratio

274.6

P/B ratio

1.4

ROCE

-0.4%

ROE

-2.1%

Dividend yield

0.3%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹310.2052-week low ₹151.24

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 11.6% over the past year, and 10.3% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 27.7% to 8.0% over the last four years.

Whether it grew faster than its sector

It grew 10.3% a year against a sector median of 11.3% — 0.9 percentage points slower.

Room to re-rate, or risk of de-rating

At 274.6× earnings it costs 11.4× the market, which pays 24.1× across 2199 companies we can price. Its own industry sits at 32.9×, across 5 companies. It is against its own five-year median of 25.1×, the 100th percentile of its own range.

Whether growth justifies the valuation

Priced at 10.6 times its growth rate, on earnings growth of 26%.

Profit growthPrice per ₹1 profitPer 1% growth
Greenpanel Industries Limited — this one26%/yr274.6×₹10.6
Century Plyboards (India) Limited-12%/yr49.5×—
Stylam Industries Limited15%/yr31.0×₹2.1
Greenlam Industries Limited-23%/yr59.0×—
Greenply Industries Limited6%/yr32.9×₹5.5
Euro Pratik Sales Limited—20.5×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Plywood Boards/ Laminates), it ranks 11 of 11 on returns, 6 of 11 on growth, 9 of 11 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

It is losing money on the capital in the business, so there is no advantage to measure.

Whether its growth pays for itself

Yes — Over the last five years it made ₹1023 crore of cash from the business, spent ₹690 crore on plant and equipment, and returned ₹294 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 9 years, about 175 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back more slowly than it used to: it went from being paid 12 days before it paid its own suppliers to waiting 20 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

9 of 9 checks clear · 100%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 8 Aug 2026 · Standalone · Unaudited

Revenue

₹350 Cr

Net profit

₹1 Cr

Net margin

0.4%

EPS

₹0.10

Earnings call transcript · 11 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹1,845 Cr
Prev close
₹153.78
52w High
₹314
52w Low
₹149
Enterprise value
₹2,018 Cr
Beta
1.1
Price CAGR 1y
-48.0%
Price CAGR 3y
-24.0%
Price CAGR 5y
-14.0%
Price CAGR 10y
—

Ratios

Return on assets
-1.4%
PEG ratio
0.5
P/E ratio
274.6
P/B ratio
1.4
EV / EBITDA
16.1
Industry P/E
34.2
ROCE
-0.4%
ROCE 5y average
14.6%
ROE
-2.1%
Debt / Equity
0.3
Interest coverage
-0.2
Dividend yield
0.3%
ROE 3y average
4.0%
ROE last year
-2.0%

Annual P&L

Annual revenue
₹1,539 Cr
Annual profit
-₹29 Cr
Operating margin
5.0%
Net profit margin
-1.9%
EBITDA margin
5.2%
Sales growth 3y
-4.8%
Sales growth 5y
8.6%
Profit growth 3y
26.0%
Profit growth 5y
33.0%
EPS
₹-2.4
Sales growth TTM
12.0%
Profit growth TTM
-69.0%
Dividend payout
-21.0%

Quarter P&L

Sales latest quarter
₹350 Cr
Profit latest quarter
₹1 Cr
YoY quarterly sales growth
6.6%
YoY quarterly profit growth
—
OPM latest quarter
8.5%

Balance Sheet

Book Value
₹113
Face Value
₹1.0
Total debt
₹370 Cr
Total cash
₹197 Cr
Borrowings
₹370 Cr
Reserves / Equity
112.0

Cash Flow

Operating cash flow
₹111 Cr
Free cash flow
₹73 Cr
FCF yield
2.0%
Net cash flow
₹12 Cr

Shareholding

Promoter holding
53.3%
FII holding
0.9%
DII holding
28.5%
Public holding
17.3%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Century Plyboard683.5051.215,1860.1583.354.81,561.433.511.5
Stylam Industrie3,351.6033.55,6800.0048.270.4326.515.426.6
Greenlam Industr210.5058.25,3710.1921.2238.7796.718.28.1
Greenply Industr310.7534.73,8810.1637.650.5724.920.614.3
Greenpanel Inds.159.12290.41,9510.311.2103.5349.86.6-0.4
Euro Pratik Sale179.1221.21,8310.1120.124.8103.360.136.9
Rushil Decor15.1718.64450.332.0114.8228.929.14.7
Median161.1934.11,1380.133.852.7208.919.48.9

Competes with: Airo Lam limited, Archidply Decor Limited, Archidply Industries Limited, Century Plyboards (India) Limited, Euro Pratik Sales Limited, Greenlam Industries Limited, Greenply Industries Limited, Rushil Decor Limited, Stylam Industries Limited, The Western India Plywoods Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales386399386397365337359375328396416399350
Expenses320330326345329307342327344371375369320
Material Cost178174175224199198
Change in Inventories3.20-6.9725-272.29-36
Purchases of Stock-in-Trade6.344.254.083.013.053.14
Employee Cost343738383940
Other Expenses105136130138126114
Operating Profit6669605236301748-1625413030
OPM %171716139.888.874.8313-4.826.269.817.518.54
Other Income6.166.612.317.145.916.216.563.903.423.073.434.592.61
Exceptional items (within Other Income)000000
Interest3.961.916.220.171.633.38-0.702.369.51117.438.865.58
Depreciation18191818191919202526252525
Profit before tax5055384021135.2130-47-8.88111.052.13
Tax %2626272626-38-631.08-27-3111-3042
Net Profit3741283016198.5029-35-6.12101.371.23
EPS in Rs3.023.322.262.431.281.510.692.40-2.82-0.500.840.110.10
Diluted EPS in Rs2.40-2.82-0.500.830.110.10

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026
Line itemMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales05878601,0201,6241,7831,5671,4361,5391,561
Expenses05047248151,2041,3701,3211,3051,4601,436
Material Cost713772
Change in Inventories10-7.04
Purchases of Stock-in-Trade1814
Employee Cost140151
Other Expenses424529
Operating Profit-08313620542141324613180125
OPM %141620262316958
Other Income013-925-922231414
Exceptional items (within Other Income)00
Interest024483516191273733
Depreciation050656468697377101101
Profit before tax-0221310834231718370-446
Tax %0-101-2030322726-3-33
Net Profit-044167623323013572-297
EPS in Rs1.326.211919115.88-2.380.55
Diluted EPS in Rs5.88-2.38
Dividend Payout %000088145-21

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
—
5 years
9%
3 years
-5%
TTM
12%

Compounded profit growth

10 years
—
5 years
33%
3 years
26%
TTM
-69%

Stock price CAGR

10 years
—
5 years
-14%
3 years
-24%
1 year
-48%

Return on equity

10 years
—
5 years
11%
3 years
4%
Last year
-2%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone
Line itemMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.101212121212121212
Reserves-06686857619751,1891,3051,3731,344
Borrowings0579555459292228296413370
Other Liabilities0226241243285276278338321
Total Liabilities01,4851,4931,4751,5641,7051,8912,1362,047
Fixed Assets01,1181,0881,0431,0099929821,5591,425
CWIP0464053131120
Investments04752525222981210
Other Assets0316346376502686498445602
Total Assets01,4851,4931,4751,5641,7051,8912,1362,047

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone
Line itemMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-02710121136033913578111
Cash from Investing Activity0-114-28-77-137-254-156-16617
Cash from Financing Activity0105-82-131-180-1315082-115
Net Cash Flow018-9343-4529-612
Free Cash Flow-0-7877192326253-210-10973

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone
Line itemMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days3330289971121
Inventory Days19114711890751079889
Days Payable1191171048154585155
Cash Conversion Cycle10560421929555854
Working Capital Days-24-1-12520920
ROCE %76122927134-0

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters535353535353535353535353
FIIs4.413.222.992.122.7032.921.641.361.101.070.94
DIIs232526272828292930282828
Government0.050.050.06000000000
Public201918181615151616171717
No. of Shareholders1,22,3161,22,7761,23,7181,21,2201,08,64298,17196,58797,16293,76291,30588,24986,784

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -49.6% (₹305.05 → ₹153.78)Brick size ₹5.76 (fixed)Bricks 62
₹200₹250₹300₹154Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹153.78 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

total loans / revolving facilities outstanding at period end, the base of loan_default_cr

317cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

173inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

91,11,901inr

2026-03-31

News

News and filings about Greenpanel Industries Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • eucalyptus/agro-forestry wood logs
  • synthetic resins (urea-formaldehyde/melamine)
  • wax

Depends on the price of

  • timber/logs

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Consumer Durables
Industry
Plywood Boards/ Laminates
Classification
Consumer Durables › Plywood Boards/ Laminates
ISIN
INE08ZM01014

Business segments

  • Medium density fibreboards and allied products · 91%
  • Plywood and allied products · 9%

Plants

  • Greenpanel Chittoor MDF & plywood plant
  • Greenpanel Pantnagar MDF & plywood plant

News impact

Big market events that reach Greenpanel Industries Limited, and how the effect spreads.

Who it hits first

  • Air conditioners from makers like Voltas (air conditioner maker) and Blue Star (cooling equipment maker) will cost 5-8% more from October 1 because copper, steel, aluminium, crude-based materials and a weak currency pushed up costs.
  • Price rises for LED TVs, washing machines and refrigerators are also coming, so shoppers will pay more across big home appliances.
  • Makers will protect their profit on each unit with higher prices but risk selling fewer units if shoppers delay purchases.

Who may gain

  • Blue Star (air conditioning maker) — solid returns with ROE 17.21 help it pass on costs and defend margins while volumes wobble.
  • Havells India (electrical and appliance maker) — strong returns with ROE 19.02 and tiny debt with D/E 0.02802 help it absorb the shock.
  • LG Electronics India (TV, fridge, washer and AC seller) — strong returns with ROE 24.71 give it the best cushion to push prices through.

Along the supply chain

Downstream

Shops and online sellers must sell costlier air conditioners, TVs, fridges and washers, and shoppers may delay purchases, pick cheaper models, or choose air coolers instead.

Upstream

Parts makers like Amber Enterprises (air conditioner parts), Dixon Technologies (electronics maker) and PG Electroplast (appliance parts) face softer orders if dearer appliances slow sales, while paying more themselves for copper, steel, aluminium and crude-based plastics.

Where demand moves

Business

Shoppers face higher price tags, so stores may sell fewer air conditioners, TVs, fridges and washers in October; makers collect more money per unit but sell fewer units, and parts makers see softer orders.

Capital

Investors are likely to stay careful on white-goods makers and their parts suppliers until October festival sales show whether buyers accept higher prices, leaning toward stronger names like Havells and Blue Star.

How it spreads across sectors

Chemicals

Suppliers of plastics and resins tied to crude derivatives keep selling to appliance makers for now, but could feel a pinch if higher prices dent appliance volumes.

Consumer Durables

Air conditioner, TV, fridge and washer makers raise prices to cover copper, steel, aluminium and currency costs, trading margin defence for the risk of fewer sales.

A pattern seen before

Cascade chain

Pattern name

Crude Oil Cascade

Patterns

  • Crude Oil Cascade

Sectors queried

  • Cement
  • Chemicals
  • FMCG
  • Power

When it plays out

Immediate

Shops warn buyers about the October 1 rise; some shoppers buy early to beat the 5-8% hike while maker shares wobble on volume worries.

Medium term

If copper, steel, aluminium and currency pressures ease, margins recover without further hikes; if not, makers face another round of rises or weaker sales.

Short term

New 5-8% air conditioner prices land on October 1 and TV, washer and fridge hikes follow; October festival sales reveal whether demand holds.

Who it hits first

  • India's trade body DGTR has recommended a $1,526 per tonne duty on most Chinese glassware imports, with a lower $703 rate for one qualifying Chinese maker.
  • Borosil, the Indian glassware maker, jumped over 5% as investors bet costlier Chinese imports will let it charge better prices.
  • Makers of other consumer goods, from jewellery to paints, get no help since the duty covers glassware only.

Who may gain

  • Borosil shareholders, who gain if costlier Chinese imports let Indian glass sell at better prices
  • Indian kitchenware makers such as Cello World, the houseware rival, which face less cut-price competition
  • The government, which shows it will shield local makers from dumped imports

Along the supply chain

Downstream

No listed corporate buyers — the end users are shops and households, who may pay higher prices as cheap Chinese glassware gets costlier.

Upstream

Little near-term change for Borosil's packaging and service suppliers; only if Borosil makes and sells much more glassware would their orders grow.

Where demand moves

Business

Shops and homes that bought cheap Chinese glassware now face up to $1,526 a tonne in extra duty, so orders shift toward Indian makers like Borosil; total glassware demand does not grow, it moves home.

Capital

Investors buy Borosil shares on hopes of fatter margins, while unrelated consumer stocks see no new money from this glass-only duty.

How it spreads across sectors

Chemicals

Watchful mood: chemical makers hope trade action against cheap Chinese goods spreads to their own imports.

Consumer Durables

Positive but narrow: glassware makers gain shelter from cheap Chinese imports, while most consumer brands see no change in sales.

Textiles

Watchful mood: textile makers, long hit by cheap Chinese supply, hope for similar duty protection.

A pattern seen before

Cascade chain

  • Chinese glassware faces $1,526/tonne duty → Indian glass makers regain pricing power
  • Protection precedent lifts hopes for similar duties in Chemicals and Textiles
  • Import-dependent buyers shift orders toward domestic suppliers

Pattern name

China Cascade

Patterns

  • China Cascade

Sectors queried

  • Chemicals
  • Pharma
  • Textiles

When it plays out

Immediate

1–7 days: Borosil shares stay firm on duty hopes; other consumer stocks trade normally.

Medium term

1–6 months: if the duty is formally imposed, Borosil's prices and margins improve; if dropped, the gains fade.

Short term

1–4 weeks: Borosil tracks whether the government notifies the duty as recommended.

Who it hits first

  • Indian tier-1 IT (Infosys, TCS, HCLTech, Wipro) opens higher Tuesday on 6% ADR gains made while India slept.
  • Chip-exposed names (MosChip, Netweb) face sentiment pressure from the global semiconductor selloff.
  • Data-center and cloud plays (ESDS, E2E) sit in the middle: AI fear hurts, digitization demand helps.

Who may gain

  • Infosys, TCS, HCLTech, Wipro: direct ADR-led buying plus defensive rotation as foreign investors re-enter.
  • Rupee-hedge appeal adds a second tailwind if global fear softens the rupee.

Along the supply chain

Downstream

No direct supply link — software services sell hours and outcomes, not chips; AI tools may even lift their margins.

Upstream

Chip designers and server assemblers see order-pause risk if AI capex slows a quarter.

Where demand moves

Business

US enterprise software budgets hold (services win); AI hardware and chip orders face pause risk (semiconductor chain loses).

Capital

Money exits global AI-hardware trades and rotates into Indian IT services on relative safety and cheaper multiples.

How it spreads across sectors

Consumer Durables

EMS and appliance names barely touched; only chip-adjacent durables wobble.

Information Technology

Tier-1 rallies on ADRs; small SaaS/cloud mixed on AI-fear overhang.

A pattern seen before

Cascade chain

  • AI-slowdown calls
  • Chip stocks -10%
  • Server/AI-hardware order risk
  • IT services diverge +6% on ADRs

Pattern name

Semiconductor Cascade

Sectors queried

  • Information Technology
  • Consumer Durables

When it plays out

Immediate

Tuesday gap-up for large IT (2-4%); chip-exposed small-caps volatile both ways.

Medium term

If AI spending merely pauses, chip and server names rebound; if cut, services pricing power weakens too.

Short term

US enterprise guidance (Accenture, Cognizant) decides whether services rally extends or AI fear spreads to budgets.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

31 Jul 2026unspecified₹0.5
18 Feb 2025interim₹0.3
9 Feb 2024interim₹1.5
9 Feb 2023interim₹1.5
3 Feb 2022interim₹1.5

Splits, bonuses & buybacks

  • daily-prices repair: 8 rows from NSE's archive (replace 1, delete 1, insert 6), 2020-02-01..2026-02-01 (docs/flat_day_repair.md)1× · 1 Feb 2020

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
21 Sep 2026Shobhan Mittal · Promoter and DirectorBUY9,14,69114.25
21 Sep 2026Prime Holdings Pvt. Ltd. · Promoter GroupBUY1,80,0002.75
21 Sep 2026Bluesky Projects Pvt. Ltd. · Promoter GroupBUY1,23,6241.89
21 Sep 2026Himanshu Jindal · KMPBUY10,7870.16
9 Sep 2026Poonam Agarwal · Employees Immediate RelativeBUY8,0000.13
8 Sep 2026Himanshu Jindal · KMPBUY9,2130.14
31 Aug 2026Shobhan Mittal · Promoter and DirectorBUY61,5000.99

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.