BSE:526797

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Greenply Industries

Executive Summary

Greenply Industries Limited, an interior infrastructure company, manufactures, markets, trades in, and distributes plywood and medium density fiber boards in India and internationally.


Snowflake Analysis

Excellent balance sheet with moderate growth potential.

Share Price & News

How has Greenply Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 526797 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.6%

526797

-1.3%

IN Forestry

0.4%

IN Market


1 Year Return

-35.3%

526797

-35.9%

IN Forestry

3.2%

IN Market

Return vs Industry: 526797 matched the Indian Forestry industry which returned -35.9% over the past year.

Return vs Market: 526797 underperformed the Indian Market which returned 3.2% over the past year.


Shareholder returns

526797IndustryMarket
7 Day-3.6%-1.3%0.4%
30 Day-5.4%-2.5%2.8%
90 Day-7.0%13.5%20.9%
1 Year-35.1%-35.3%-17.4%-35.9%5.1%3.2%
3 Year-59.2%-69.1%-41.4%-56.3%1.4%-3.4%
5 Year-40.5%-55.2%-1.0%-26.7%30.8%21.0%

Price Volatility Vs. Market

How volatile is Greenply Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Greenply Industries undervalued compared to its fair value and its price relative to the market?

21.61x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 526797 (₹83.2) is trading above our estimate of fair value (₹17.9)

Significantly Below Fair Value: 526797 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 526797 is poor value based on its PE Ratio (21.6x) compared to the IN Forestry industry average (6.9x).

PE vs Market: 526797 is poor value based on its PE Ratio (21.6x) compared to the Indian market (13.6x).


Price to Earnings Growth Ratio

PEG Ratio: 526797 is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: 526797 is overvalued based on its PB Ratio (2.7x) compared to the IN Forestry industry average (0.7x).


Next Steps

Future Growth

How is Greenply Industries forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

32.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 526797's forecast earnings growth (32% per year) is above the savings rate (7.2%).

Earnings vs Market: 526797's earnings (32% per year) are forecast to grow faster than the Indian market (22% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 526797's revenue is expected to decline over the next 3 years (-1.5% per year).

High Growth Revenue: 526797's revenue is forecast to decline over the next 3 years (-1.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 526797's Return on Equity is forecast to be low in 3 years time (17.7%).


Next Steps

  • Explore growth companies in the Materials industry.

Past Performance

How has Greenply Industries performed over the past 5 years?

-10.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 526797 has a large one-off loss of ₹499.7M impacting its March 31 2020 financial results.

Growing Profit Margin: 526797's current net profit margins (3.3%) are lower than last year (5.6%).


Past Earnings Growth Analysis

Earnings Trend: 526797's earnings have declined by 10.6% per year over the past 5 years.

Accelerating Growth: 526797's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 526797 had negative earnings growth (-41%) over the past year, making it difficult to compare to the Forestry industry average (-7.9%).


Return on Equity

High ROE: 526797's Return on Equity (12.5%) is considered low.


Next Steps

Financial Health

How is Greenply Industries's financial position?


Financial Position Analysis

Short Term Liabilities: 526797's short term assets (₹5.8B) exceed its short term liabilities (₹5.1B).

Long Term Liabilities: 526797's short term assets (₹5.8B) exceed its long term liabilities (₹723.7M).


Debt to Equity History and Analysis

Debt Level: 526797's debt to equity ratio (62.7%) is considered high.

Reducing Debt: 526797's debt to equity ratio has reduced from 68% to 62.7% over the past 5 years.

Debt Coverage: 526797's debt is well covered by operating cash flow (24.4%).

Interest Coverage: 526797's interest payments on its debt are well covered by EBIT (6.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Greenply Industries's current dividend yield, its reliability and sustainability?

0.48%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: 526797's dividend (0.48%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.65%).

High Dividend: 526797's dividend (0.48%) is low compared to the top 25% of dividend payers in the Indian market (2.65%).


Stability and Growth of Payments

Stable Dividend: 526797's dividend payments have been volatile in the past 10 years.

Growing Dividend: 526797's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (10.4%), 526797's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 526797's dividends in 3 years are forecast to be thoroughly covered by earnings (12.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.7yrs

Average management tenure


CEO

Manoj Tulsian (49 yo)

0.50

Tenure

Mr. Manoj Tulsian serves as Managing Director, Chief Executive Officer and Executive Director at Greenply Industries Limited since February 11, 2020. He had been the Chief Financial Officer of JMC Projects ...


Leadership Team

NamePositionTenureCompensationOwnership
Rajesh Mittal
Chairman & MD1yr₹37.97m3.15%
₹ 322.7m
Kaushal Agarwal
VP of Legalno datano datano data
Ashok Agarwal
Executive Vice President of Salesno datano datano data
Sanidhya Mittal
Joint MD & Executive Director2.5yrs₹19.31m0.082%
₹ 8.4m
Arabinda Saha
General Managerno datano data0.000010%
₹ 1.0k
Sanjay Jain
Vice Presidentno datano datano data
Bhola Trivedy
Vice President of Operations at Bamanboare Unitno datano datano data
Manoj Tulsian
Joint MD0.50yrno datano data
Mukesh Agarwal
CFO & Chief Investor Relations Officerno datano datano data
Subir Palit
Country Head of Sales & Marketing -PBD3.83yrsno datano data
Neeladri Basu
Senior Vice President of Finance & Accounts - EPD7.5yrsno datano data
Yogesh Arora
President of Sales & Marketing - EPD11.33yrsno datano data

5.7yrs

Average Tenure

53.5yo

Average Age

Experienced Management: 526797's management team is seasoned and experienced (5.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rajesh Mittal
Chairman & MD1yr₹37.97m3.15%
₹ 322.7m
Sanidhya Mittal
Joint MD & Executive Director2.5yrs₹19.31m0.082%
₹ 8.4m
Manoj Tulsian
Joint MD0.50yrno datano data
Vinod Kothari
Independent Non-Executive Director14.25yrs₹1.70mno data
Sonali Dalal
Independent Non-Executive Director13.58yrs₹1.18mno data
Susil Pal
Independent Director14.67yrs₹1.76mno data
Upendra Challu
Independent Director8yrs₹1.71mno data

8.0yrs

Average Tenure

59yo

Average Age

Experienced Board: 526797's board of directors are considered experienced (8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Greenply Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Greenply Industries Limited
  • Ticker: 526797
  • Exchange: BSE
  • Founded: 1990
  • Industry: Forest Products
  • Sector: Materials
  • Market Cap: ₹10.258b
  • Shares outstanding: 122.63m
  • Website: https://www.greenply.com

Location

  • Greenply Industries Limited
  • Madgul Lounge
  • 5th & 6th Floor
  • Kolkata
  • West Bengal
  • 700027
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
526797BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 2004
GREENPLYNSEI (National Stock Exchange of India)YesEquity SharesININRDec 2004

Biography

Greenply Industries Limited, an interior infrastructure company, manufactures, markets, trades in, and distributes plywood and medium density fiber boards in India and internationally. It operates in two s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/06 12:57
End of Day Share Price2020/08/06 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.