NSEI:GREENPLY

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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

Solid track record with adequate balance sheet.

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: GREENPLY's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

5.4%

GREENPLY

11.4%

IN Forestry

6.4%

IN Market


1 Year Return

-46.5%

GREENPLY

-49.1%

IN Forestry

-14.8%

IN Market

Return vs Industry: GREENPLY exceeded the Indian Forestry industry which returned -49.1% over the past year.

Return vs Market: GREENPLY underperformed the Indian Market which returned -14.8% over the past year.


Shareholder returns

GREENPLYIndustryMarket
7 Day5.4%11.4%6.4%
30 Day-6.4%9.1%9.5%
90 Day-27.8%-22.2%-7.4%
1 Year-28.2%-46.5%-34.2%-49.1%-13.1%-14.8%
3 Year-57.2%-68.2%-46.1%-58.7%-3.7%-8.8%
5 Year-35.2%-52.3%15.8%-16.0%23.7%12.1%

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?

10.57x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GREENPLY (₹84.95) is trading above our estimate of fair value (₹61.29)

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


Price To Earnings Ratio

PE vs Industry: GREENPLY is poor value based on its PE Ratio (10.6x) compared to the Forestry industry average (6.8x).

PE vs Market: GREENPLY is good value based on its PE Ratio (10.6x) compared to the Indian market (10.6x).


Price to Earnings Growth Ratio

PEG Ratio: GREENPLY is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: GREENPLY is overvalued based on its PB Ratio (2.8x) compared to the IN Forestry industry average (0.5x).


Next Steps

Future Growth

How is Greenply Industries forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

8.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GREENPLY's forecast earnings growth (8.8% per year) is above the savings rate (7.2%).

Earnings vs Market: GREENPLY's earnings (8.8% per year) are forecast to grow slower than the Indian market (18.4% per year).

High Growth Earnings: GREENPLY's earnings are forecast to grow, but not significantly.

Revenue vs Market: GREENPLY's revenue (3.6% per year) is forecast to grow slower than the Indian market (7.1% per year).

High Growth Revenue: GREENPLY's revenue (3.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GREENPLY's Return on Equity is forecast to be high in 3 years time (20%)


Next Steps

Past Performance

How has Greenply Industries performed over the past 5 years?

-7.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GREENPLY has high quality earnings.

Growing Profit Margin: GREENPLY's current net profit margins (6.7%) are higher than last year (5%).


Past Earnings Growth Analysis

Earnings Trend: GREENPLY's earnings have declined by -7.3% per year over the past 5 years.

Accelerating Growth: GREENPLY's earnings growth over the past year (51.2%) exceeds its 5-year average (-7.3% per year).

Earnings vs Industry: GREENPLY earnings growth over the past year (51.2%) exceeded the Forestry industry 5.7%.


Return on Equity

High ROE: GREENPLY's Return on Equity (26.2%) is considered high.


Next Steps

Financial Health

How is Greenply Industries's financial position?


Financial Position Analysis

Short Term Liabilities: GREENPLY's short term assets (₹5.9B) exceed its short term liabilities (₹4.9B).

Long Term Liabilities: GREENPLY's short term assets (₹5.9B) exceed its long term liabilities (₹865.8M).


Debt to Equity History and Analysis

Debt Level: GREENPLY's debt to equity ratio (67.2%) is considered high.

Reducing Debt: GREENPLY's debt to equity ratio has reduced from 84.9% to 67.2% over the past 5 years.

Debt Coverage: GREENPLY's debt is not well covered by operating cash flow (9.2%).

Interest Coverage: GREENPLY's interest payments on its debt are well covered by EBIT (7.6x coverage).


Balance Sheet


Next Steps

Dividend

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

0.47%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GREENPLY's dividend (0.47%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.79%).

High Dividend: GREENPLY's dividend (0.47%) is low compared to the top 25% of dividend payers in the Indian market (3.23%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (5%), GREENPLY's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GREENPLY's dividends in 3 years are forecast to be well covered by earnings (15.2% payout ratio).


Next Steps

Management

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

7.8yrs

Average board tenure


CEO

Manoj Tulsian (48yo)

0.33

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 ...


Board Members

NamePositionTenureCompensationOwnership
Rajesh Mittal
Chairman & MD0.83yr₹37.97m3.16% 328.9m
Sanidhya Mittal
Joint MD & Executive Director2.33yrs₹19.31m0.082% 8.5m
Manoj Tulsian
Joint MD0.33yrno datano data
Vinod Kothari
Independent Non-Executive Director14.08yrs₹1.70mno data
Sonali Dalal
Independent Non-Executive Director13.42yrs₹1.18mno data
Susil Pal
Independent Director14.5yrs₹1.76mno data
Upendra Challu
Independent Director7.83yrs₹1.71mno data

7.8yrs

Average Tenure

58yo

Average Age

Experienced Board: GREENPLY's board of directors are considered experienced (7.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: GREENPLY 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: GREENPLY
  • Exchange: NSEI
  • Founded: 1990
  • Industry: Forest Products
  • Sector: Materials
  • Market Cap: ₹10.423b
  • 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 segments, Plywood and Allied Products, and Medium Density Fibreboards and Allied Products. The company provides plywood and block boards, decorative veneers, flush doors, wood floors, PVC foam boards and sheets, and medium density fiberboards. It markets its products under the Greenply Plywood, Green Club Ply, Ecotec, Green Panelmax, and Green Floormax through a network of distributors, dealers, sub-dealers, and retailers. The company was formerly known as Mittal Laminates Private Limited and changed its name to Greenply Industries Limited in 1995. Greenply Industries Limited was founded in 1990 and is headquartered in Kolkata, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 13:33
End of Day Share Price2020/06/05 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.