As of 6 Nov 2026, Greenply Industries trades at 26.5× trailing earnings, below the industry P/E of 44.0×, and the shares are 20% below their 52-week high. It earns ROCE of 13% and ROE of 14%, and sales grew 18% a year over 3 years while net profit fell 0.7%. Its dividend yield is 0.2%, and debt is 0.66× equity. It is a small-cap company with a market cap of ₹3,326 Cr, ranked 3rd of 12 Lumber & Wood Production companies by market cap; the shares fell 11% over the past year.
- ₹265.35
- ₹268.50
- ₹261.25
- ₹265.35
- 1.1 L
Health check
- ReturnsIn line
−10.9% over a year, better than 3 of 7 peers.
- Price tagCheaper
P/E 26.5 vs industry 44.0.
- GrowthStrong
Sales +18.2%, profit −0.7% a year over 3 years.
- ProfitabilityAverage
ROCE 12.5% vs peer median 6.8%.
- Balance sheetFair
Debt 0.66× equity, interest covered 4.4×, Piotroski 8 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹3,326 Cr
- Small cap
- P/E
- 26.5
- Industry 44.0
- Price to book
- 3.43
- Peers 3.85
- Dividend yield
- 0.19%
- ROE
- 13.8%
- Peers 1.6%
- ROCE
- 12.5%
- Peers 6.8%
- Debt to equity
- 0.66
- Debt ₹637 Cr
- EPS (TTM)
- ₹10.06
- Face value ₹1
- OPM (TTM)
- 9.7%
- Net margin 4.2%
- Sales growth
- +16.1%
- Latest quarter vs a year ago
- Profit growth
- +166.4%
- Latest quarter vs a year ago
- Price to sales
- 1.12
- EV/EBITDA 12.4
Strengths and risks
Strengths
- Quarterly profit up 166.4% on a year ago.
- Quarterly sales up 16.1% on a year ago.
- P/E of 26.5 against an industry P/E of 44.0.
- Positive operating cash flow in each of the last 4 years.
About Greenply Industries
Greenply Industries Limited, an interior infrastructure company, engages in the manufacture, sale, and trading of plywood and allied products in India and internationally. The company provides plywood, medium density fibreboard, WPC/PVC boards, frame and doors, flooring boards, pre-laminated boards, blockboards, decorative veneers, flush doors, and allied interior products under Green, Ecotec, Optima G, Green Ndure, Wood Crest, Greenply MDF, and Club…
- Headquarters
- Kolkata
- Employees
- 2,649
- Sector
- Basic Materials
- ISIN
- INE461C01038
- Website
- greenply.com
Price range
- Avg volume (3M)
- 2.1 L
- 1-year return
- minus 10.9%
- From 52-week high
- minus 20.4%
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 | 49.9 | 18.6 | 6.8% | 6.7% | 0.34 | 8.6% | −6.5% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 689 | 673 | 776 | 725 | 800 | |
| 632 | 625 | 702 | 647 | 710 | |
| 56.8 | 48.4 | 74.1 | 78.3 | 89.2 | |
| 8.2% | 7.2% | 9.5% | 10.8% | 11.2% | |
| −8 | 3.8 | 15.2 | −11.4 | −3.6 | |
| 9.7 | 9.8 | 13.4 | – | 10.3 | |
| 15.8 | 16.6 | 16.8 | 17.4 | 18.4 | |
| – | −3.8 | −15.2 | – | – | |
| 23.3 | 21.9 | 43.8 | 49.5 | 56.9 | |
| 31.4% | 34.7% | 29.3% | 23.9% | 24.9% | |
| 16 | 14.4 | 30.7 | 37.5 | 42.6 | |
| 1.27 | 1.15 | 2.48 | 3.01 | 3.42 |
Profit & loss
- Sales CAGR 3Y
- +18.2%
- Profit CAGR 3Y
- −0.7%
- EPS CAGR 3Y
- −0.9%
- ROE
- 13.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,659 | 2,175 | 2,482 | 2,738 | |
| – | +31.1% | +14.1% | +10.3% | |
| 1,488 | 1,976 | 2,242 | 2,511 | |
| 171 | 199 | 241 | 227 | |
| 10.3% | 9.1% | 9.7% | 8.3% | |
| −14.1 | 2.1 | −25.1 | 12.8 | |
| 4.7 | 39.9 | 38.7 | 36.6 | |
| 36.5 | 63.6 | 60.1 | 64.6 | |
| 9.3 | 17.8 | 0.3 | −12.8 | |
| 125 | 115 | 117 | 125 | |
| 15.3% | 25.9% | 21.6% | 28.3% | |
| 91.4 | 70 | 91.6 | 89.5 | |
| – | minus 23.5% | +31.0% | minus 2.3% | |
| 7.37 | 5.61 | 7.34 | 7.18 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.3 | 12.4 | 12.5 | 12.5 | |
| 632 | 697 | 796 | 882 | |
| 701 | 557 | 524 | 524 | |
| 337 | 397 | 619 | 543 | |
| 1,681 | 1,664 | 1,952 | 1,962 | |
| 980 | 874 | 896 | 986 | |
| 532 | 28.4 | 58.4 | 96.7 | |
| 10.5 | 5.4 | 6.3 | 5.6 | |
| 31.1 | 22 | 24.3 | 27.5 | |
| 127 | 734 | 967 | 846 | |
| 1,681 | 1,664 | 1,952 | 1,962 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 62.2 | 111 | 219 | 247 | |
| −409 | −143 | −147 | −152 | |
| 318 | 47.1 | −82.9 | −78.4 | |
| −28.6 | 15.3 | −11.2 | 16.4 | |
| −415 | −143 | −77.7 | −157 | |
| −353 | −31.9 | 141 | 89.7 | |
| −6.1 | −6.2 | −6.2 | −6.2 |
Shareholding pattern
- Promoters51.93%
- Public48.07%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 51.93% | 48.07% | 0.00 | |
| 30 Jun 2026 | 51.93% | 48.07% | plus 0.04 | |
| 31 Mar 2026 | 51.89% | 48.11% | plus 0.09 | |
| 31 Dec 2025 | 51.80% | 48.20% | plus 0.11 | |
| 30 Sep 2025 | 51.69% | 48.31% | – |
Major shareholders
Filings & events
News
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