GREENPLYConsumer Discretionary

Greenply Industries Limited

Plywood Boards/ Laminates · ISIN INE461C01038 · BSE 526797 · NSE EQ · FV ₹1
Last price
₹293
+4.30%today
What this company does

Greenply Industries Limited operates in Plywood Boards/ Laminates, part of the Consumer Discretionary sector. It booked ₹725 cr of revenue in its latest quarter (Q1 FY27) and kept 5.2% of sales as profit. It is the 4th largest of 8 Plywood Boards/ Laminates companies we track, by market value.

Greenply manufactures specialty plywood for imported, must carry the relevant BIS ISI mark.
The company is primarily involved in manufacturing of plywood and trading of Finance cost accrued during the period 119.65 112.73 plywood and allied products.
Their stated vision

To be the leaders in innovation, sustainability quality plywood, and trends in the wooden decorative decor industry.

Their stated mission

To empower people to range of furniture upgrade and transform and fittings.

In the report:
61out of 100
Equitytale Health Score
Mixed

Healthier than 61% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 187–421 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)
49

At close. Not part of the score.

Profitability & returns72

How much profit it earns on the money it employs

Balance sheet45

How much it owes, and whether earnings cover the interest

Cash quality58

Whether reported profit actually arrives as cash

Growth & consistency69

Whether sales and profit have grown, and how steadily

Valuation35

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
Sales up 21% vs last year
Profit up 32% vs last year
Promoters hold 52%
No promoter shares pledged
Strong 17% return on equity
Turns profit into real cash
Watch-outs
! Thin 5.2% net margin

What if I invest in GREENPLY?

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 13% a year, it would become
₹23.63 lakh

The slider starts at 13%, 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
₹293 +4.30%
latest close · 2026-09-17
1-year return
+57.0%
52-wk low ₹16152-wk high ₹334
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 ratio24.4Average
LowAverageHigh
P/B ratio4.09High
Below bookModerateHigh
EV / EBITDA12.9Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity16.8%Strong
WeakFairStrong ▸15%
Return on capital19.4%Strong
WeakFairStrong
Net margin5.2%Decent
ThinDecentStrong
EBITDA margin11.1%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.55Moderate
LowModerateHigh ▸1
Interest cover8.4×Strong
RiskyOkayStrong ▸5×
Current ratio1.29Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹3,662 cr
Book value
₹72
EPS
₹3.01
latest quarter
Net debt
₹462 cr
owes more than its cash
Enterprise value
₹4,124 cr
EBITDA
₹320 cr
annualised
EBIT
₹251 cr
annualised
Operating margin
8.6%
Return on assets
7.7%
Earnings yield
4.11%
P/S
1.26
Sales / share
₹232.1
Tax rate
21.5%
Face value
₹1
Shares
12.5 cr
Working capital
₹192 cr
Current assets
₹861 cr
Current liabilities
₹669 cr
Delivery %
52.7%
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
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹46₹75, midpoint ₹60

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 · Q1 FY27 (consolidated)
Revenue from Operations₹725 cr
Other Income₹2 cr
Total Income₹727 cr
Cost of Materials₹293 cr
Purchases of Stock-in-Trade₹123 cr
Inventory Change (±)₹94.9 L
Employee Benefit Expense₹99 cr
Finance Costs₹7 cr
Depreciation & Amortisation₹17 cr
Other Expenses₹131 cr
Total Expenses₹672 cr
Profit before Tax₹55 cr
Tax Expense₹12 cr
Share of JV / Associates₹-6 cr
Net Profit₹38 cr
Net margin on total income5.2%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹417 cr57.8%
Employee benefit expense₹99 cr13.7%
Finance costs₹7 cr1.0%
Depreciation & amortisation₹17 cr2.4%
Other expenses₹131 cr18.1%
Tax expense₹12 cr1.6%
Profit for the period₹38 cr5.2%
Total income ₹727 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue673 cr776 cr725 cr
Total income674 cr779 cr727 cr
Expenses641 cr713 cr672 cr
Profit before tax30 cr50 cr55 cr
Tax8 cr13 cr12 cr
Net profit (owners' share)14 cr31 cr38 cr
Net margin (owners' share, on revenue)2.1%4.0%5.2%
EPS (₹)1.152.483.01
YoY (latest quarter): total income +18.4% · net profit +32.0%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹1,962 cr
Shareholder equity
₹895 cr
parent shareholders
Total debt
₹489 cr
Cash
₹27 cr
Cash flow · H1 FY26
Operating
₹66 cr
Investing
₹-48 cr
Financing
₹-24 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 Limitedthis company₹293₹3,662 cr24.4
Greenpanel Industries Limited₹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
0.17%
trailing 12 months
Dividend / share (TTM)
₹0.5
Last dividend
₹0.5
ex 4 Aug 2026
ActionDetailEx-date
Dividend₹0.5 / share4 Aug 2026
Dividend₹0.5 / share4 Aug 2025
Dividend₹0.5 / share5 Aug 2024
Dividend₹0.5 / share18 Aug 2023
Dividend₹0.5 / share18 Aug 2022
Dividend₹0.4 / share12 Aug 2021
Who owns it · 2026-06-30
No pledge
Promoter
51.9%
FII / Foreign
4.4%
DII / Domestic
31.4%
Retail / others
12.2%
Promoter stake down 0.2% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtShakuntala Safeinvest Private Limited (Formerly known as Showan Investment Private Limited) · Promoter Group51,000 · ₹98.7 L25 Mar 26
BoughtShakuntala Safeinvest Private Limited (Formerly known as Showan Investment Private Limited) · Promoter Group21,700 · ₹49.5 L23 Feb 26
BoughtKARUNA INVESTMENT PVT. LTD. · Promoter Group57,500 · ₹1.4 cr9 Feb 26
Bulk / block deals
short · NSE4926 Aug 26
BoughtSILVERLEAF CAPITAL SERVICES PRIVATE LIMITED · NSE9.42 L @ ₹286.1329 Apr 26
SoldSILVERLEAF CAPITAL SERVICES PRIVATE LIMITED · NSE9.42 L @ ₹286.0329 Apr 26
Stake changes
BoughtSHAKUNTALA SAFEINVEST PRIVATE LIMITED · promoter→ 37.46% · 38,20013 May 26
BoughtSHAKUNTALA SAFEINVEST PRIVATE LIMITED · promoter→ 37.43% · 51,00027 Mar 26
BoughtShakuntala Safeinvest Private Ltd · promoter→ 37.39% · 21,70023 Feb 26
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 · 25 Aug 2026
See the official result
1
Adoption of (a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026 including the Audited Balance Sheet as at March 31, 2026 and Statement of Profit & Loss for the year ended on that date and the Reports of the Board of Directors, and Auditors thereon. (b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 including the Audited Balance Sheet as at March 31, 2026 and Statement of Profit & Loss for the year ended on that date and the Report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
4.02 cr votes for, 66 against · 0% of mutual funds and other big investors said no
2
Declaration of final dividend of Re. 0.50/- per share (50%), on Equity Shares of the Company, for the Financial Year ended March 31, 2026
Backed by 100% of shareholders other than promotersneeded 50%
4.02 cr votes for, 66 against · 0% of mutual funds and other big investors said no
3
Re-appointment of Mr. Sanidhya Mittal (DIN: 06579890) as a Director of the Company, liable to retire by rotation
Backed by 99% of shareholders other than promotersneeded 50%
3.98 cr votes for, 3.51 L against · 1% of mutual funds and other big investors said no
4
Re-appointment of Ms. Vinita Bajoria (DIN: 02412990) as an Independent Director of the Company
Backed by 96% of shareholders other than promotersneeded 75%
3.86 cr votes for, 15.72 L against · 4% 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 — 19 named members
owning 51.9% between them · as of 2026-06-30
SHAKUNTALA SAFEINVEST PRIVATE LIMITED (FORMERLY KNOWN AS SHOWAN INVESTMENT PRIVATE LIMITED)37.46%
RAJESH MITTAL ON BEHALF OF TRADE COMBINES, PARTNERSHIP FIRM9.38%
MITTAL BUSINESS HOLDINGS TRUST (Trustee - Rajesh Mittal & Sanidhya Mittal)4.71%
KARUNA INVESTMENT PRIVATE LIMITED0.18%
RAJESH MITTAL & SONS, HUF0.13%
SANIDHYA MITTAL0.06%
KARUNA MITTAL0.01%
RAJESH MITTAL0.01%
Business done with them
FY2025 · 5 of the group
The company paid ₹10 cr to companies in the promoter group last year — about 0.4% of its ₹2,488 cr revenue.
Rajesh Mittal
Paid them for services · Remuneration, Rent Paid
also owns 0.01% of the company
₹6 cr
company paid
Sanidhya Mittal
Paid them for services · Remuneration, Rent Paid
also owns 0.06% of the company
₹4 cr
company paid
Karuna Mittal
Leases As Lessee · Rent Piad
also owns 0.01% of the company
₹28.9 L
company received
RS Homcon Limited
Leases As Lessee · Rent Paid
₹13.1 L
company received
Rajesh Mittal
Leases As Lessee · Remuneration, Rent Paid
also owns 0.01% of the company
₹6.5 L
company received
Sanidhya Mittal
Leases As Lessee · Remuneration, Rent Paid
also owns 0.06% of the company
₹6.5 L
company received
Karuna Investment Pvt Ltd
Leases As Lessor · Rent Received
also owns 0.18% of the company
₹0.6 L
company received
RS Homcon Limited
Leases As Lessor · Rent Paid
₹0.6 L
company received

The company also transacted with 24 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

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.