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Indian (NIFTY) Forestry Products Industry Analysis

UpdatedJan 23, 2026
DataAggregated Company Financials
Companies14
  • 7D-3.0%
  • 3M-8.4%
  • 1Y-15.0%
  • YTDn/a

Over the last 7 days, the Forestry Products industry has dropped 3.0%, driven by Greenply Industries declining 9.7%. Meanwhile, Ecoboard Industries actually outperformed within the industry, gaining 9.9% in the last week. Overall the industry is down 15% in 12 months. As for the next few years, earnings are expected to grow by 46% per annum.

Industry Valuation and Performance

Has the Indian Forestry Products Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Jan 2026₹231.9b₹108.6b₹3.3b56.1x70.9x2.1x
Mon, 22 Dec 2025₹254.1b₹108.6b₹3.3b43.3x77.7x2.3x
Wed, 19 Nov 2025₹254.5b₹109.6b₹3.6b43.8x70.2x2.3x
Fri, 17 Oct 2025₹256.4b₹105.7b₹3.5b49.7x73.9x2.4x
Sun, 14 Sep 2025₹271.6b₹105.7b₹3.5b48x78.3x2.6x
Tue, 12 Aug 2025₹248.9b₹105.9b₹3.3b47.5x74.9x2.4x
Thu, 10 Jul 2025₹252.0b₹103.9b₹3.7b48.1x68.4x2.4x
Sat, 07 Jun 2025₹260.6b₹104.3b₹3.8b46.9x69.3x2.5x
Mon, 05 May 2025₹229.8b₹102.2b₹4.0b42.1x57.4x2.2x
Wed, 02 Apr 2025₹234.7b₹101.7b₹4.2b40.5x56.3x2.3x
Fri, 28 Feb 2025₹249.5b₹101.7b₹4.2b45.8x59.9x2.5x
Sun, 26 Jan 2025₹267.3b₹99.1b₹4.6b58.6x58.6x2.7x
Tue, 24 Dec 2024₹268.9b₹99.1b₹4.6b63.4x59x2.7x
Thu, 21 Nov 2024₹258.7b₹98.2b₹4.4b54.1x58.5x2.6x
Sat, 19 Oct 2024₹310.2b₹96.0b₹5.5b55.2x56x3.2x
Mon, 16 Sep 2024₹291.3b₹96.0b₹5.5b57.5x52.6x3x
Wed, 14 Aug 2024₹266.4b₹95.8b₹5.6b49.8x47.8x2.8x
Fri, 12 Jul 2024₹251.9b₹92.7b₹5.8b47.4x43.6x2.7x
Sun, 09 Jun 2024₹237.5b₹90.7b₹5.7b41.5x41.4x2.6x
Tue, 07 May 2024₹224.8b₹88.6b₹5.8b39.8x38.9x2.5x
Thu, 04 Apr 2024₹229.3b₹89.1b₹6.2b39.6x37.2x2.6x
Sat, 02 Mar 2024₹250.6b₹89.1b₹6.2b43.6x40.6x2.8x
Mon, 29 Jan 2024₹265.5b₹86.7b₹6.5b42.6x41.1x3.1x
Wed, 27 Dec 2023₹264.0b₹86.7b₹6.5b37.9x40.9x3x
Fri, 24 Nov 2023₹219.2b₹86.7b₹6.5b36.7x33.9x2.5x
Sun, 22 Oct 2023₹217.5b₹85.1b₹6.9b32.8x31.7x2.6x
Tue, 19 Sep 2023₹222.5b₹85.7b₹6.9b28x32.3x2.6x
Thu, 17 Aug 2023₹205.6b₹85.7b₹6.9b27.8x29.8x2.4x
Sat, 15 Jul 2023₹220.4b₹86.4b₹7.6b29.2x28.9x2.6x
Mon, 12 Jun 2023₹198.4b₹86.4b₹7.6b24.3x26.1x2.3x
Wed, 10 May 2023₹185.3b₹85.2b₹7.5b17.6x24.6x2.2x
Fri, 07 Apr 2023₹162.5b₹85.3b₹7.6b16.1x21.3x1.9x
Sun, 05 Mar 2023₹171.7b₹85.3b₹7.6b15.9x22.5x2x
Tue, 31 Jan 2023₹169.4b₹84.5b₹8.0b17.5x21.3x2x
Price to Earnings Ratio

21.3x


Total Market Cap: ₹169.4bTotal Earnings: ₹8.0bTotal Revenue: ₹84.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Forestry Products Industry Price to Earnings3Y Average 48.4x202420252026
Current Industry PE
  • Investors are optimistic on the Indian Forest Products industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 70.9x which is higher than its 3-year average PE of 48.4x.
  • The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Forest Products industry have declined 26% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.7% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does Indian Forestry Products compare with similar industries?

IN Market-2.17%
Materials-1.87%
Paper and Forestry Products-4.99%
Forestry Products-2.97%
Paper Products-7.10%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
523732 Ecoboard Industries₹56.389.9%
+₹118.4m
48.3%PS12.8x
MILTON Milton Industries₹46.4515.4%
+₹105.4m
n/aPE57.9x
WIPL Western India Plywoods₹150.792.7%
+₹33.3m
-28.3%PE58.7x
516062 National Plywood Industries₹3.629.4%
+₹7.6m
-48.0%n/a

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