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Greenply Industries Q2 FY27 Share Price & Earnings Call Analysis

₹300.80+1.62% today
Market cap
₹3,757 Cr
P/E
33.63
ROE
11.82%
PEG
5.21
Price to sales
1.31
Debt to equity
0.58
52W high / low
₹330 / ₹180
Sales growth (5Y)
18.64%
EBITDA margin
9.12%
Net profit margin
3.69%
Promoter holding
51.93%
Sales (last year)
₹2,863 Cr

Greenply Industries Ltd is an interior-infrastructure company with products spanning plywood and blockboards, MDF and pre-laminated MDF, decorative veneers, flush and PVC/WPC doors, specialty plywood, HDF flooring and furniture fittings. The group sells predominantly in India through a pan-India trade network.[1][2]

Guidance scorecard · Q2 FY27 call

What Greenply Industr's management guided
and where it ranks in Consumer Durables

#66of 87 in
Consumer Durables
Revenue10–20%MarginsFlatCapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • Plywood segment targets 10% volume growth for the full year FY27.
  • MDF segment aims for 25% to 30% volume growth for the full year FY27.
  • Furniture and fittings JV revenue target is approximately INR 120-150 crores for FY27 and FY28, with losses expected to reduce as domestic manufacturing replaces imports.
  • Peak capacity revenue for MDF flooring estimated between INR 75-80 crores.
  • Post capex completion, expected reduction in cost and improved gross margins in furniture fittings business leading to profitability.

2 more points from Greenply Industr's call on revenue

Create a free account to keep reading this call

Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Greenply Industr said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Overall, cautious approach on future capex to ensure better asset utilization and profitability.
Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what Greenply Industr said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what Greenply Industr said on the order book →

Full Q1 FY27 analysis
Full Consumer Durables ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Consumer Durables
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Greenply Industr rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Consumer Durables companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹166 Cr20.3
240%+Up 2%+₹100 Cr12.7
340%+Up 0–2%₹3,249 Cr17.4
440%+Up 0–2%₹2,081 Cr18.8
540%+Flat₹2,429 Cr41.1
640%+Flat₹2,163 Cr25.6

Sign up free to see every company in the sector ranking and track Greenply Industr.

Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables ranking

Greenply Industr announcements

All announcements →

Financials of Greenply Industr

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Greenply Industr

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +51.97%52.00%52.01%52.01%51.66%51.69%51.69%51.69%51.80%51.90%51.93%51.93%
FIIs +4.10%4.13%4.91%5.60%5.76%5.42%4.52%4.49%4.35%4.19%4.44%4.66%
DIIs +29.76%30.31%30.33%30.66%30.91%31.05%32.41%32.41%32.12%31.83%31.42%31.60%
Public +14.16%13.54%12.75%11.73%11.69%11.85%11.38%11.42%11.74%12.10%12.22%11.83%
No. of Shareholders46,17951,37548,07354,00752,91853,46553,18252,56352,37653,76752,33750,551

Pros & Cons

Greenply Industr

Key positives and risks surfaced from the company insights section.

Pros
  • Stock is trading at 4.20 times its book value
  • Company has a low return on equity of 10.9% over last 3 years.
  • Dividend payout has been low at 7.54% of profits over last 3 years
Raw Insights
  • Stock is trading at 4.20 times its book value
  • Company has a low return on equity of 10.9% over last 3 years.
  • Dividend payout has been low at 7.54% of profits over last 3 years

Financials of Greenply Industr

Quarterly Results

Quarter-by-quarter operating performance

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +430568582600584640614649601689673776725
Expenses +404519532543531587564602548638622690652
Operating Profit27485057535351465251518773
OPM %6%8%9%10%9%8%8%7%9%7%8%11%10%
Other Income +-3-21646236182-3-132
Interest8121591014513191310137
Depreciation11141515151515151516171717
Profit before tax5213738342633243623224449
Tax %82%33%26%25%2%32%27%32%21%31%35%29%24%
Net Profit +1142728331824172816143138
EPS in Rs0.071.132.172.292.671.421.961.322.281.281.152.463.00

Financials of Greenply Industr

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +1,5671,6461,6689121,4121,4201,1651,5631,6632,1802,4882,7392,863
Expenses +1,3551,4031,4218481,2661,2651,0501,4131,5301,9942,2842,4972,602
Operating Profit21124324764146156115150133185204242261
OPM %13%15%15%7%10%11%10%10%8%9%8%9%9%
Other Income +1574866-486121212163-12
Interest383119819211712943435544
Depreciation47505118222623262655606567
Profit before tax1411701811241116181125111100117125139
Tax %12%24%31%11%28%22%25%24%17%30%22%28%
Net Profit +124128125111804761959170929099
EPS in Rs10.3110.6310.239.026.503.854.977.737.445.667.347.177.89
Dividend Payout %6%6%6%7%6%10%8%6%7%9%7%7%

Financials of Greenply Industr

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital121212121212121212121212
Reserves474602760865323366424526632697796882
Borrowings +332270446712250279203309695549515515
Other Liabilities +331316356521302305275311341405627550
Total Liabilities1,1491,2001,5752,1118879629151,1591,6801,6631,9511,960
Fixed Assets +533542526580252314308353459865857907
CWIP1492697701756110513124450
Investments35292618222423266436755
Other Assets +567620754742596619578671702742983948
Total Assets1,1491,2001,5752,1118879629151,1591,6801,6631,9511,960

Financials of Greenply Industr

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +18719121211398582289262111219247
Cash from Investing Activity +-105-63-363-328-89-58-124-130-410-144-147-152
Cash from Financing Activity +-82-100190164-28-19-928031847-83-78
Net Cash Flow12839-50-19-201242-3014-1117
Free Cash Flow102122-158-216142210-138-350-2114591
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit102%94%102%246%84%55%211%82%49%80%122%115%

Financials of Greenply Industr

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days6074651147992614450424754
Inventory Days76556515072779688989612782
Days Payable92998614299101109848692132101
Cash Conversion Cycle4530451225268474763464335
Working Capital Days172410-013157429222322
ROCE %15%24%19%10%12%21%15%18%11%11%12%14%

Guidance history

How Greenply Industr's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlannedPlanned—
Q4 FY26 call →10–20%FlatPlannedPlanned—
Q3 FY26 call →10–20%Up 2%+PlannedPlanned—
Q2 FY26 call →10–20%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

33out of 100

Momentum score · price trend

33 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−0.9%59%
Last 6 months+12.5%69%
Last 3 months+5.5%73%

The price is 25.3% below its all-time high of ₹402.55 (23 Aug 2024). Stocks more than 20% below their peak have their score halved, so 66 became 33.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Greenply Industr: 0.4 × 59 + 0.4 × 69 + 0.2 × 73 = 66, halved to 33 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Greenply Industr's management said in earlier quarters

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