Greenpanel Industries (GREENPANEL) had a P/E of 143.8× on 6 Nov 2026, above the industry P/E of 44.0×, and the shares are 51% below their 52-week high. Sales fell 5.5% a year over 3 years, with ROCE of −1.5% and ROE of 0.9%. Debt is 0.24× equity, and its dividend yield is 0.3%. It is a small-cap company with a market cap of ₹1,746 Cr, ranked 4th of 12 Lumber & Wood Production companies by market cap; the shares fell 49% over the past year.
- ₹141.05
- ₹146.99
- ₹139.40
- ₹142.00
- 4.5 L
Health check
- ReturnsBehind
−49.2% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 143.8 vs industry 44.0.
- GrowthShrinking
Sales −5.5% a year over 3 years.
- ProfitabilityNegative
ROCE -1.5% vs peer median 10.9%.
- Balance sheetStretched
Debt 0.24× equity, operating profit doesn’t cover interest, Piotroski 7 of 9.
- Red flags3 to check
Return on equity is low at 0.9%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,746 Cr
- Small cap
- P/E
- 143.8
- Industry 44.0
- Price to book
- 1.34
- Peers 3.85
- Dividend yield
- 0.35%
- ROE
- 0.9%
- Peers 4.9%
- ROCE
- −1.5%
- Peers 10.9%
- Debt to equity
- 0.24
- Debt ₹329 Cr
- EPS (TTM)
- ₹0.99
- Face value ₹1
- OPM (TTM)
- 8.2%
- Net margin 0.8%
- Sales growth
- +4.0%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 1.11
- EV/EBITDA 12.7
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 0.9%.
- P/E of 143.8 against an industry P/E of 44.0.
- 51% below its 52-week high.
About Greenpanel Industries
Greenpanel Industries Limited engages in the manufacturing and sale of plywood, medium density fibre board (MDF), and allied products under the Greenpanel brand name in India and internationally. The company provides high-density fibreboard, fire-resistant, pre-laminated, HDWR boards, veneered MDF, wooden flooring, plywood, block boards, and wooden flooring and doors. Greenpanel Industries Limited was incorporated in 2017 and is based in Gurugram, India.
- Headquarters
- Gurugram
- Employees
- 1,689
- Sector
- Basic Materials
- ISIN
- INE08ZM01014
- Website
- greenpanel.com
Price range
- Avg volume (3M)
- 3.7 L
- 1-year return
- minus 49.2%
- From 52-week high
- minus 50.9%
Analyst consensus
Peers · Lumber & Wood Production
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| CENTURYPLYCentury Plyboards (India) | 639.25 | minus 1.63% | 14,202 | 44.0 | 23.0 | 13.9% | 12.4% | 0.67 | 14.0% | minus 14.3% |
| GREENLAMGreenlam Industries | 203.70 | minus 3.51% | 5,197 | 55.8 | 18.6 | 9.2% | 11.4% | 0.98 | 14.8% | minus 20.4% |
| GREENPLYGreenply Industries | 266.30 | plus 0.36% | 3,326 | 26.5 | 14.1 | 12.5% | 10.0% | 0.65 | 18.2% | minus 10.9% |
| GREENPANELGreenpanel Industries | 142.38 | plus 0.27% | 1,746 | 143.8 | 16.6 | −1.5% | 8.1% | 0.24 | −5.5% | minus 49.2% |
| IWPThe Indian Wood Products Company | 34.20 | plus 1.91% | 219 | 36.8 | – | – | 6.2% | 0.19 | – | plus 1.2% |
| ECOBOAREcoboard Industries | 59.40 | minus 2.51% | 192 | – | – | −41.3% | −28.1% | 0.34 | −14.8% | plus 74.1% |
| ARCHIDPLYArchidply Industries | 92.63 | plus 0.28% | 185 | 14.1 | 8.4 | 15.1% | 6.7% | 1.63 | 16.8% | minus 4.9% |
| WIPLThe Western India Plywoods | 155.33 | minus 2.92% | 132 | 913.7 | 37.2 | 4.4% | 2.0% | 0.21 | 3.3% | minus 6.5% |
| Median of 7 peers | – | −1.63% | 219 | 40.4 | 18.6 | 10.9% | 6.7% | 0.65 | 14.4% | −6.5% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 396 | 416 | 399 | 350 | 412 | |
| 371 | 375 | 367 | 320 | 384 | |
| 24.8 | 40.8 | 31.4 | 29.9 | 27.8 | |
| 6.3% | 9.8% | 7.9% | 8.5% | 6.7% | |
| 3.1 | 3.4 | −1.6 | 2.6 | 2.5 | |
| 10.9 | 7.4 | 4.2 | 5.6 | 6.6 | |
| 25.8 | 25.4 | 24.6 | 24.8 | 25.2 | |
| −8.9 | 11.5 | 1.1 | 2.1 | −1.5 | |
| 31.0% | 10.6% | −30.0% | 42.3% | 57.4% | |
| −6.1 | 10.2 | 1.4 | 1.2 | −0.6 | |
| -0.50 | 0.83 | 0.11 | 0.10 | -0.05 |
Profit & loss
- Sales CAGR 3Y
- −5.5%
- ROE
- 0.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,779 | 1,564 | 1,394 | 1,502 | |
| – | minus 12.1% | minus 10.9% | +7.8% | |
| 1,359 | 1,317 | 1,267 | 1,427 | |
| 419 | 247 | 127 | 74.8 | |
| 23.6% | 15.8% | 9.1% | 5.0% | |
| 6.3 | 14.7 | 11.7 | 0.7 | |
| 8.5 | 7.2 | −3.6 | 17.2 | |
| 72 | 72.9 | 77.4 | 101 | |
| 6.1 | 1.9 | 5 | −0.7 | |
| 351 | 183 | 69.7 | −43.8 | |
| 26.9% | 26.3% | −3.5% | 33.4% | |
| 257 | 135 | 72.1 | −29.1 | |
| – | minus 47.3% | minus 46.7% | minus 140.4% | |
| 20.92 | 11.03 | 5.88 | -2.38 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.3 | 12.3 | 12.3 | 12.3 | |
| 1,182 | 1,305 | 1,373 | 1,344 | |
| 228 | 296 | 413 | 370 | |
| 283 | 293 | 338 | 321 | |
| 1,705 | 1,906 | 2,136 | 2,047 | |
| 1,049 | 1,339 | 1,574 | 1,445 | |
| 57.5 | 357 | 16.4 | 21.3 | |
| 21.5 | 21.8 | – | – | |
| 378 | 237 | 225 | 197 | |
| 199 | −49.2 | 320 | 384 | |
| 1,705 | 1,906 | 2,136 | 2,047 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 337 | 135 | 77.8 | 111 | |
| −248 | −156 | −166 | 16.6 | |
| −134 | 50.3 | 82.2 | −115 | |
| −44.1 | 28.7 | −5.7 | 12.3 | |
| −80.6 | −347 | −192 | −40.6 | |
| 257 | −213 | −114 | 70.6 | |
| −18.4 | −18.4 | −3.7 | – |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 27.0% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.