GREENPANELConsumer Discretionary

Greenpanel Industries Limited

Plywood Boards/ Laminates · ISIN INE08ZM01014 · BSE 542857 · NSE EQ · FV ₹1
Last price
₹158
+3.69%today
What this company does

Greenpanel Industries Limited operates in Plywood Boards/ Laminates, part of the Consumer Discretionary sector. It booked ₹397 cr of revenue in its latest quarter (Q4 FY24) and kept 7.5% of sales as profit. It is the 5th largest of 8 Plywood Boards/ Laminates companies we track, by market value.

The Company is primarily involved in manufacturing of plywood, medium density fibre board is included in the note on lease classification.
In the report:
70out of 100
Equitytale Health Score
Solid

Healthier than 70% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 63–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
42

At close. Not part of the score.

Profitability & returns55

How much profit it earns on the money it employs

Balance sheet74

How much it owes, and whether earnings cover the interest

Cash quality53

Whether reported profit actually arrives as cash

Growth & consistency84

Whether sales and profit have grown, and how steadily

Valuation76

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 53%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 7.5% net margin
! Sales down 10% vs last year
! Profit down 57% vs last year

What if I invest in GREENPANEL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own revenue trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹158 +3.69%
latest close · 2026-09-17
1-year return
-35.8%
52-wk low ₹14952-wk high ₹626
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio16.3Average
LowAverageHigh
P/B ratio1.47Moderate
Below bookModerateHigh
EV / EBITDA9.2Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity9.1%Fair
WeakFairStrong ▸15%
Return on capital9.6%Fair
WeakFairStrong
Net margin7.5%Decent
ThinDecentStrong
EBITDA margin14.8%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.20Comfortable
LowModerateHigh ▸1
Interest cover231.4×Strong
RiskyOkayStrong ▸5×
Current ratio2.59Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,942 cr
Book value
₹107
EPS
₹2.43
latest quarter
Net debt
₹228 cr
owes more than its cash
Enterprise value
₹2,170 cr
EBITDA
₹235 cr
annualised
EBIT
₹162 cr
annualised
Operating margin
10.2%
Return on assets
6.3%
Earnings yield
6.14%
P/S
1.22
Sales / share
₹129.4
Tax rate
26.0%
Face value
₹1
Shares
12.3 cr
Working capital
₹325 cr
Current assets
₹529 cr
Current liabilities
₹204 cr
Delivery %
60.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 3 models ₹131 vs market price ₹158 — price is 21% above it
Safety cushion-21.3%(target ≥ +20%)
Models span ₹83₹168, midpoint ₹131
Model ₹131
Price ₹158
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q4 FY24 (consolidated)
Revenue from Operations₹397 cr
Other Income₹7 cr
Total Income₹404 cr
Cost of Materials₹193 cr
Purchases of Stock-in-Trade₹3 cr
Inventory Change (±)₹-12 cr
Employee Benefit Expense₹39 cr
Finance Costs₹17.5 L
Depreciation & Amortisation₹18 cr
Other Expenses₹123 cr
Total Expenses₹364 cr
Profit before Tax₹40 cr
Tax Expense₹10 cr
Net Profit₹30 cr
Net margin on total income7.4%
Where the money goes · Q4 FY24
% of total income
Materials + stock-in-trade₹183 cr45.4%
Employee benefit expense₹39 cr9.5%
Finance costs₹17.5 L0.0%
Depreciation & amortisation₹18 cr4.5%
Other expenses₹123 cr30.5%
Tax expense₹10 cr2.6%
Profit for the period₹30 cr7.4%
Total income ₹404 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ2 FY24Q3 FY24Q4 FY24
Revenue399 cr386 cr397 cr
Total income406 cr387 cr404 cr
Expenses350 cr350 cr364 cr
Profit before tax55 cr37 cr40 cr
Tax14 cr3 cr10 cr
Net profit (owners' share)41 cr35 cr30 cr
Net margin (owners' share, on revenue)10.3%9.0%7.5%
EPS (₹)3.342.822.43
YoY (latest quarter): total income -10.2% · net profit -56.8%
Balance sheet & cash flow · as of Mar 2024
Low debt
Total assets
₹1,891 cr
Shareholder equity
₹1,317 cr
parent shareholders
Total debt
₹268 cr
Cash
₹40 cr
Cash flow · FY24
Operating
₹135 cr
Investing
₹-158 cr
Financing
₹50 cr
Peer comparison
Plywood Boards/ Laminates · by market value
CompanyPriceMarket capP/E
Century Plyboards (India) Limited₹719₹15,999 cr49.8
Greenlam Industries Limited₹237₹6,039 cr71.3
Stylam Industries Limited₹3,238₹5,488 cr28.5
Greenply Industries Limited₹293₹3,662 cr24.4
Greenpanel Industries Limitedthis company₹158₹1,942 cr16.3
Rushil Decor Limited₹16₹457 cr55.6
Archidply Industries Limited₹101₹202 cr9.0
Archidply Decor Limited₹72₹40 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.32%
trailing 12 months
Dividend / share (TTM)
₹0.5
Last dividend
₹0.5
ex 31 Jul 2026
ActionDetailEx-date
Dividend₹0.5 / share31 Jul 2026
Dividend₹0.3 / share18 Feb 2025
Dividend₹1.5 / share9 Feb 2024
Dividend₹1.5 / share9 Feb 2023
Dividend₹1.5 / share3 Feb 2022
Who owns it · 2026-06-30
No pledge
Promoter
53.3%
FII / Foreign
0.9%
DII / Domestic
28.5%
Retail / others
17.3%
Promoter stake up 0.1% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtPoonam Agarwal · Employees Immediate Relative8,000 · ₹12.7 L3 Sep 26
BoughtHimanshu Jindal · KMP9,213 · ₹14.4 L2 Sep 26
BoughtShobhan Mittal · Promoter and Director61,500 · ₹99.0 L27 Aug 26
Bulk / block deals
short · NSE4613 Apr 26
short · NSE118 Dec 25
short · NSE5024 Oct 25
Stake changes
SoldTata mutual Fund Under its Various scheme→ 2.77% · 28.06 L24 Dec 25
SoldMrs. Santosh Mittal · promoter→ 0.00% · 14.66 L28 Mar 25
SoldMr. Shiv Prakash Mittal · promoter→ 0.00% · 46.05 L28 Mar 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 7 Aug 2026
See the official result
1
Adoption of Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with Reports of the Board of Directors and the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
3.39 cr votes for, 0 against · 0% of mutual funds and other big investors said no
2
Declaration of Dividend of ₹ 0.50 (fifty paisa) per equity share of ₹ 1/- each, for the Financial Year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
3.39 cr votes for, 0 against · 0% of mutual funds and other big investors said no
3
Re-appointment of Mr. Shobhan Mittal (DIN: 00347517), as a Director of the Company, liable to retire by rotation and being eligible, offers himself for re-appointment
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
3.39 cr votes for, 25 against · 0% of mutual funds and other big investors said no
4
Alteration of Articles of Association of the Company by subsituting the existing Article 58(17) with the new Article 58(17) enabling the Company to pay remuneration to the Indpendent Directors in excess of the limit prescribed under Section 197(1) of the Companies Act, 2013.
Backed by 100% of shareholders other than promotersneeded 75%
3.39 cr votes for, 25 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 17 named members
owning 53.3% between them · as of 2026-06-30
Prime Holdings Pvt. Ltd.39.24%
Shobhan Mittal13.72%
Bluesky Projects Pvt. Ltd.0.31%
ADCO Capital Pte. Ltd.no shares
Chitwan Mittalno shares
Karuna Mittalno shares
Master Aditya Mittalno shares
Niranjan Infrastructure Pvt. Ltd.no shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.