Greenply Industries
- Market cap
- ₹ 3,516 Cr.
- P/E
- 33.1x
- P/B
- 4.04x
- 52-week range
- 176.42 – 334.4
- ROE
- 12%
- ROCE
- 14%
- Dividend yield
- 0.2%
- Debt / equity
- 0.58
- Sector
- Consumer Durables
- Industry
- Plywood Boards/ Laminates
- Listed on
- NSE, BSE
About
Greenply Industries Limited is an interior infrastructure company. The Company is primarily involved in the manufacturing of plywood and trading of plywood and allied products. Its products include plywood and blockboards, doors, specialty plywood, polyvinyl chloride (PVC) products, decorative veneers, medium-density fiberboard (MDF) and furniture hardware. It offers an array of plywood and blockboards under the brand names of Green Flexiply, Optima-G, Ecotec, Bharosa and Jansathi. The Company offers a range of decorative veneers under the brand names of Wood Crrest, Burma Teak, Kohl Forest, Royal Crown and Engineered Veneers. The PVC products brand includes Green Ndure. Its furniture hardware brand includes Greenply Samet. It offers durable, zero-emission flush doors that are waterproof, weatherproof, and secure. It manufactures specialty plywood for varied applications, including railways, automobiles, and construction-specific architectural structures.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Plywood Boards/ Laminates: 17 companies →Greenply 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)33.1 against a typical 40: cheaper than most peers (1st = cheapest).8th of 17
- Sales growth+20.6% against a typical +15.2% from a year earlier.6th of 15
- Profit growth+35.7% against a typical −54.1% from a year earlier.4th of 9
- Share price, 3 months+6.5% against a typical −5.3%.4th of 17
- Size₹ 3,515.6 Cr. market value against a typical ₹ 131.5 Cr. (1st = largest).4th of 17
Latest announcements
Exchange filings and their impact on the company.
- 29 Oct 2026Outcome of Board MeetingHigh impactVery positiveStrong Q2 beat with PAT up 167% YoY plus 28% plywood capacity expansion drives earnings upgrade.
Greenply reported strong Q2 FY27 consolidated revenue of Rs 799.7 crore, up 16% year-on-year, and net profit of Rs 42.7 crore, up 167% year-on-year, with H1 profit of Rs 80.3 crore. MDF segment profit jumped to Rs 20.2 crore from Rs 4.3 crore and plywood profit rose to Rs 54.7 crore. The board also noted a 15 million sqm plywood capacity expansion at its Sandila subsidiary for about Rs 125 crore by Q4 FY28, funded by debt, Rs 30 crore equity from the parent and internal accruals, as existing 52.8 million sqm capacity is 98% utilised.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA- by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE AA- | Stable | 9 Jul 2026 |
| India Ratings | IND AA-; IND A1+ | Stable | 18 Dec 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 9 Jul 2026 | Reaffirmed | CARE AA- | — | CARE | ₹ 347 Cr. | |
| 18 Dec 2025 | Reaffirmed | IND AA- | — | India Ratings | ₹ 185 Cr. |
Research by Minerva Capital Research Solutions
Our research team's work on Greenply IndustriesAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 29 Oct 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 24 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 28 Apr 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 and to consider recommendation of dividend, if any, on equity shares for the year ended 31st March, 2026. |
| 4 Feb 2026 | Financial Results | Inter alia, to consider, approve and take on record the Un-audited financial results of the Company for the quarter and nine months ended on 31st December, 2025. |
| 4 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 29 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 28 Apr 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
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 | 568 | 582 | 600 | 584 | 640 | 614 | 649 | 601 | 689 | 673 | 776 | 725 |
| Expenses | 519 | 532 | 543 | 531 | 587 | 564 | 602 | 548 | 638 | 622 | 690 | 652 |
| Operating Profit | 48 | 50 | 57 | 53 | 53 | 51 | 46 | 52 | 51 | 51 | 87 | 73 |
| OPM % | 8% | 9% | 10% | 9% | 8% | 8% | 7% | 9% | 7% | 8% | 11% | 10% |
| Other Income | −2 | 16 | 4 | 6 | 2 | 3 | 6 | 18 | 2 | −3 | −13 | 2 |
| Interest | 12 | 15 | 9 | 10 | 14 | 5 | 13 | 19 | 13 | 10 | 13 | 7 |
| Depreciation | 14 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 16 | 17 | 17 | 17 |
| Profit before tax | 21 | 37 | 38 | 34 | 26 | 33 | 24 | 36 | 23 | 22 | 44 | 49 |
| Tax % | 33% | 26% | 25% | 2% | 32% | 27% | 32% | 21% | 31% | 35% | 29% | 24% |
| Net Profit | 14 | 27 | 28 | 33 | 18 | 24 | 17 | 28 | 16 | 14 | 31 | 38 |
| EPS in Rs | 1.13 | 2.17 | 2.29 | 2.67 | 1.42 | 1.96 | 1.32 | 2.28 | 1.28 | 1.15 | 2.46 | 3 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 5%
- 5 Years
- 19%
- 3 Years
- 18%
- TTM
- 14%
- 10 Years
- −3%
- 5 Years
- 10%
- 3 Years
- 6%
- TTM
- 34%
- 10 Years
- 3%
- 5 Years
- 10%
- 3 Years
- 19%
- TTM
- —
- 10 Years
- 14%
- 5 Years
- 13%
- 3 Years
- 11%
- 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.
| Greenply Industries | ₹ 303.70 | ₹ 3,516 Cr. | 33.1x | 4x | 12% | — |
| 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
- Rajesh Mittal
- Chairman cum Managing Director
- Sanjiv Keshri
- Chief Financial Officer, Chief Investor Relations Officer
- Kaushal Kumar Agarwal
- Vice President - Legal, Compliance Officer, Company Secretary
- Sanidhya Mittal
- Joint Managing Director, Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.