Greenpanel Industries
- Market cap
- ₹ 1,622 Cr.
- P/E
- 11.4x
- P/B
- 1.23x
- 52-week range
- 129 – 304.15
- ROE
- −2%
- ROCE
- 0%
- Dividend yield
- 0.4%
- Debt / equity
- 0.27
- Sector
- Consumer Durables
- Industry
- Plywood Boards/ Laminates
- Listed on
- NSE, BSE
About
Greenpanel Industries Limited is an India-based manufacturer of wood panels. The Company is primarily engaged in the manufacturing of plywood, medium density fiberboards (MDF) boards and allied products. The products manufactured are sold under the brand name Greenpanel. The Company’s products include MDF, Greenpanel High Density Water-Resistant (HDWR), Pre-Laminated MDF, Wooden Flooring, and Plywood and Blockboard. Its Plywood and Blockboard consist of a range of Greenpanel Firex Plywood, Club Plywood, Boiling Water Proof (BWP) Plywood, Moisture Resistant (MR) Plywood, Gold BWP Plywood, Gold MR Plywood, Accurate 16mm Plywood, GPRO 710 Plywood, GPRO MR Plywood, BWP Blockboards and MR Blockboard. Its Wooden Flooring includes Acacia, Acer Teak, American Oak, Amazon Walnut New, American Walnut, Antique Cadbury, Antique Oak, Atlantic Oak, Ash Oak, Ash Wood Panel, Bleached Oak and Blooming Cherry. Its Pre-Laminated MDF is suited for kitchen cupboards, kitchen cabinets and bathroom cabinets.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Plywood Boards/ Laminates: 17 companies →Greenpanel Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)11.4 against a typical 40: cheaper than most peers (1st = cheapest).1st of 17
- Sales growth+6.6% against a typical +15.2% from a year earlier.9th of 15
- Share price, 3 months−27.9% against a typical −5.3%.16th of 17
- Size₹ 1,621.8 Cr. market value against a typical ₹ 131.5 Cr. (1st = largest).5th of 17
Latest announcements
Exchange filings and their impact on the company.
- Chief Sales Officer resigned for personal reasons, effective Nov 5, 2026.
Greenpanel Industries said its Chief Sales Officer and Senior Management Personnel, Prakash Rameshbhai Tripathi, has resigned due to personal reasons. The resignation is effective from close of business on November 5, 2026. The company will need to transition sales leadership, which may cause minor near-term execution disruption.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety, with caution
Rated A+ by ICRA- ICRA expects things to get worse (negative outlook).
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | Withdrawn | Stable | 20 Aug 2026 |
| ICRA | [ICRA]A+ | Negative | 8 Jul 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 20 Aug 2026 | Withdrawn | was CARE A+ | — | CARE | ₹ 240 Cr. | |
| 8 Jul 2026 | Reaffirmed | [ICRA]A+ | — | ICRA | ₹ 260 Cr. | |
| 8 Aug 2025 | Reaffirmed | [ICRA]A+ | — | ICRA | ₹ 220 Cr. | |
| 7 Aug 2025 | Withdrawn | was CARE A+ / CARE A1+ | — | CARE | ₹ 220 Cr. |
Research by Minerva Capital Research Solutions
Our research team's work on Greenpanel IndustriesAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 2 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 8 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 15 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 30 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 10 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 30 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 22 May 2025 | Financial Results | To consider and approve the financial results for the period ended March 31, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 399 | 386 | 397 | 365 | 337 | 359 | 375 | 328 | 396 | 416 | 399 | 350 |
| Expenses | 330 | 326 | 345 | 329 | 307 | 342 | 327 | 344 | 371 | 375 | 369 | 320 |
| Operating Profit | 69 | 60 | 52 | 36 | 30 | 17 | 48 | −16 | 25 | 41 | 30 | 30 |
| OPM % | 17.3% | 15.6% | 13% | 9.9% | 8.9% | 4.8% | 12.8% | −4.8% | 6.3% | 9.8% | 7.5% | 8.5% |
| Other Income | 7 | 2 | 7 | 6 | 6 | 7 | 4 | 3 | 3 | 3 | 5 | 3 |
| Interest | 2 | 6 | 0 | 2 | 3 | −1 | 2 | 10 | 11 | 7 | 9 | 6 |
| Depreciation | 19 | 18 | 18 | 19 | 19 | 19 | 20 | 25 | 26 | 25 | 25 | 25 |
| Profit before tax | 55 | 38 | 40 | 21 | 13 | 5 | 30 | −47 | −9 | 11 | 1 | 2 |
| Tax % | 26.2% | 27.5% | 26% | 26.5% | −38.1% | −63.3% | 1.1% | −27% | −31% | 10.6% | −30.5% | 42.3% |
| Net Profit | 41 | 28 | 30 | 16 | 19 | 9 | 29 | −35 | −6 | 10 | 1 | 1 |
| EPS in Rs | 3.32 | 2.26 | 2.43 | 1.28 | 1.51 | 0.69 | 2.4 | −2.82 | −0.5 | 0.84 | 0.11 | 0.1 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 9%
- 3 Years
- −5%
- TTM
- 12%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- −69%
- 10 Years
- —
- 5 Years
- −8%
- 3 Years
- −22%
- TTM
- —
- 10 Years
- —
- 5 Years
- 11%
- 3 Years
- 4%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Greenpanel Industries | ₹ 139.14 | ₹ 1,622 Cr. | 11.4x | 1.2x | −2% | — |
| Grindwell Norton | ₹ 1,858.00 | ₹ 20,572 Cr. | 55.4x | 9.1x | 17.4% | 13.6% |
| Carborundum Universal | ₹ 1,031.30 | ₹ 19,647 Cr. | 71.3x | 5.2x | 5.2% | 3.2% |
| Kajaria Ceramics | ₹ 1,137.65 | ₹ 17,896 Cr. | 38x | 6.4x | 16.8% | 10.2% |
| Century Plyboards (India) | ₹ 636.25 | ₹ 14,165 Cr. | 65.9x | 6.8x | 10.6% | 5% |
| Jindal SAW | ₹ 233.30 | ₹ 14,864 Cr. | 17.4x | 1.4x | — | 3.3% |
Management
- Shiv Prakash Mittal
- Executive Chairman of the Board
- Shobhan Mittal
- Chief Executive Officer, Managing Director, Executive Director
- Himanshu Jindal
- Chief Financial Officer, Chief Investor Relations Officer
- Subhash Kumar Aggarwal
- President - Technical Operations
- Somnath Mukherjee
- Chief Human Resources Officer
- Vineet Bansal
- Chief Information Officer
- Lawkush Prasad
- Compliance Officer, Vice President - Legal, Company Secretary
- Arvind Joshi
- Vice President - Marketing
Prices are delayed and for information only. Nothing on this page is investment advice.