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Greenply Industries

NSEI:GREENPLY
Snowflake Description

Adequate balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GREENPLY
NSEI
₹18B
Market Cap
  1. Home
  2. IN
  3. Materials
Company description

Greenply Industries Limited, an interior infrastructure company, manufactures, markets, trades in, and distributes plywood and medium density fiber boards in India and internationally. The last earnings update was 358 days ago. More info.


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GREENPLY Share Price and Events
7 Day Returns
0.4%
NSEI:GREENPLY
2.7%
IN Forestry
3.5%
IN Market
1 Year Returns
-45.8%
NSEI:GREENPLY
-26%
IN Forestry
-0.9%
IN Market
GREENPLY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Greenply Industries (GREENPLY) 0.4% -10.4% 16.1% -45.8% -29.9% 46.6%
IN Forestry 2.7% -8.1% 2.2% -26% 34.8% 154.5%
IN Market 3.5% -2.6% 7.2% -0.9% 37.9% 44%
1 Year Return vs Industry and Market
  • GREENPLY underperformed the Forestry industry which returned -26% over the past year.
  • GREENPLY underperformed the Market in India which returned -0.9% over the past year.
Price Volatility
GREENPLY
Industry
5yr Volatility vs Market

GREENPLY Value

 Is Greenply Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Greenply Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Greenply Industries.

NSEI:GREENPLY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 19.4%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:GREENPLY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.25
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.25 (1 + (1- 35%) (38.99%))
1.38
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.38
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.38 * 8.6%)
19.42%

Discounted Cash Flow Calculation for NSEI:GREENPLY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Greenply Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:GREENPLY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 19.42%)
2019 -226.67 Analyst x3 -189.81
2020 1,195.33 Analyst x3 838.20
2021 1,691.00 Analyst x2 992.96
2022 2,136.12 Est @ 26.32% 1,050.37
2023 2,578.11 Est @ 20.69% 1,061.57
2024 3,009.91 Est @ 16.75% 1,037.84
2025 3,430.97 Est @ 13.99% 990.65
2026 3,844.66 Est @ 12.06% 929.59
2027 4,256.23 Est @ 10.71% 861.76
2028 4,671.58 Est @ 9.76% 792.06
Present value of next 10 years cash flows ₹8,365.19
NSEI:GREENPLY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹4,671.58 × (1 + 7.55%) ÷ (19.42% – 7.55%)
₹42,333.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹42,333.81 ÷ (1 + 19.42%)10
₹7,177.61
NSEI:GREENPLY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹8,365.19 + ₹7,177.61
₹15,542.80
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹15,542.80 / 122.63
₹126.75
NSEI:GREENPLY Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:GREENPLY represents 0.999x of BSE:526797
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.999x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 126.75 x 0.999
₹126.62
Value per share (INR) From above. ₹126.62
Current discount Discount to share price of ₹149.60
= -1 x (₹149.60 - ₹126.62) / ₹126.62
-18.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Greenply Industries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Greenply Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Greenply Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:GREENPLY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹9.02
BSE:526797 Share Price ** BSE (2019-05-22) in INR ₹149.75
India Forestry Industry PE Ratio Median Figure of 38 Publicly-Listed Forestry Companies 10.82x
India Market PE Ratio Median Figure of 2,756 Publicly-Listed Companies 15.41x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Greenply Industries.

NSEI:GREENPLY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:526797 Share Price ÷ EPS (both in INR)

= 149.75 ÷ 9.02

16.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Greenply Industries is overvalued based on earnings compared to the IN Forestry industry average.
  • Greenply Industries is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Greenply Industries's expected growth come at a high price?
Raw Data
NSEI:GREENPLY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
7.2%per year
India Forestry Industry PEG Ratio Median Figure of 6 Publicly-Listed Forestry Companies 0.49x
India Market PEG Ratio Median Figure of 559 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

NSEI:GREENPLY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.6x ÷ 7.2%

2.32x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Greenply Industries is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Greenply Industries's assets?
Raw Data
NSEI:GREENPLY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹71.56
BSE:526797 Share Price * BSE (2019-05-22) in INR ₹149.75
India Forestry Industry PB Ratio Median Figure of 44 Publicly-Listed Forestry Companies 1.01x
India Market PB Ratio Median Figure of 3,637 Publicly-Listed Companies 1.03x
NSEI:GREENPLY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:526797 Share Price ÷ Book Value per Share (both in INR)

= 149.75 ÷ 71.56

2.09x

* Primary Listing of Greenply Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Greenply Industries is overvalued based on assets compared to the IN Forestry industry average.
X
Value checks
We assess Greenply Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Forestry industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Forestry industry average (and greater than 0)? (1 check)
  5. Greenply Industries has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GREENPLY Future Performance

 How is Greenply Industries expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Greenply Industries expected to grow at an attractive rate?
  • Greenply Industries's earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Greenply Industries's earnings growth is positive but not above the India market average.
  • Greenply Industries's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:GREENPLY Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:GREENPLY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 7.2%
NSEI:GREENPLY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 13.5%
India Forestry Industry Earnings Growth Rate Market Cap Weighted Average 12.1%
India Forestry Industry Revenue Growth Rate Market Cap Weighted Average 12.6%
India Market Earnings Growth Rate Market Cap Weighted Average 17.1%
India Market Revenue Growth Rate Market Cap Weighted Average 10.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:GREENPLY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:GREENPLY Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 26,023 2,214 1,580 2
2020-03-31 22,399 1,863 1,031 3
2019-03-31 18,103 925 952 3
NSEI:GREENPLY Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 17,132 1,134 1,106
2017-03-31 16,680 2,120 1,254
2016-03-31 16,517 1,910 1,283

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Greenply Industries's earnings are expected to grow by 7.2% yearly, however this is not considered high growth (20% yearly).
  • Greenply Industries's revenue is expected to grow by 13.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:GREENPLY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Greenply Industries Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:GREENPLY Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 12.90 15.30 10.50 2.00
2020-03-31 9.18 10.50 8.10 4.00
2019-03-31 7.43 8.20 6.80 3.00
NSEI:GREENPLY Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 9.02
2017-03-31 10.29
2016-03-31 10.63

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Greenply Industries is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Greenply Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Greenply Industries has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GREENPLY Past Performance

  How has Greenply Industries performed over the past 5 years?

  • Greenply Industries's last earnings update was 358 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Greenply Industries's growth in the last year to its industry (Forestry).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Greenply Industries's year on year earnings growth rate was positive over the past 5 years.
  • Greenply Industries's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Greenply Industries's 1-year earnings growth is negative, it can't be compared to the IN Forestry industry average.
Earnings and Revenue History
Greenply Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Greenply Industries Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:GREENPLY Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 17,132.06 1,106.27 2,646.65
2017-03-31 16,679.68 1,254.44 2,511.77
2016-03-31 16,517.33 1,282.67 2,250.18
2015-03-31 15,639.60 1,242.29 1,956.54
2014-03-31 22,156.63 1,175.72 5,140.08
2013-03-31 20,448.72 1,196.62 4,495.63

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Greenply Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Greenply Industries used its assets less efficiently than the IN Forestry industry average last year based on Return on Assets.
  • Greenply Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Greenply Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Forestry industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Greenply Industries has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GREENPLY Health

 How is Greenply Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Greenply Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Greenply Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Greenply Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Greenply Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Greenply Industries Company Filings, last reported 1 year ago.

NSEI:GREENPLY Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 8,775.05 7,121.77 344.34
2017-03-31 7,726.62 4,459.82 773.87
2016-03-31 6,143.04 2,700.03 350.03
2015-03-31 4,863.27 3,315.33 258.24
2014-03-31 5,837.64 7,483.56 132.42
2013-03-31 4,740.39 6,858.13 183.58
  • Greenply Industries's level of debt (81.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (144.6% vs 81.2% today).
  • Debt is not well covered by operating cash flow (15.9%, less than 20% of total debt).
  • Greenply Industries earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Greenply Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Greenply Industries has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GREENPLY Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.4%
Current annual income from Greenply Industries dividends. Estimated to be 0.62% next year.
If you bought ₹2,000 of Greenply Industries shares you are expected to receive ₹8 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Greenply Industries's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.54%).
  • Greenply Industries's dividend is below the markets top 25% of dividend payers in India (2.03%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:GREENPLY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
India Forestry Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 1.4%
India Market Average Dividend Yield Market Cap Weighted Average of 1407 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:GREENPLY Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 1.00 2.00
2020-03-31 0.85 2.00
2019-03-31 0.75 2.00
NSEI:GREENPLY Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-05-29 0.600 0.375
2017-07-17 0.600 0.197
2017-07-14 0.600 0.223
2017-05-30 0.600 0.221
2016-08-24 0.600 0.220
2015-07-23 0.600 0.304
2015-05-25 0.600 0.332
2014-08-25 0.600 0.318
2013-05-29 0.600 0.699
2012-09-07 0.400 0.625
2011-05-30 0.200 0.507
2010-05-27 0.300 0.778
2009-08-07 0.300 1.006

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Greenply Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (15x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (12.9x coverage).
X
Income/ dividend checks
We assess Greenply Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Greenply Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Greenply Industries has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GREENPLY Management

 What is the CEO of Greenply Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Shobhan Mittal
COMPENSATION ₹35,902,000
AGE 38
TENURE AS CEO 4.3 years
CEO Bio

Mr. Shobhan Mittal, B.B.A. has been the Chief Executive Officer and Joint Managing Director at Greenply Industries Limited since February 5, 2015 and has been its Executive Director since September 1, 2006. Mr. Mittal serves as a Director at Prime Holdings Pvt Ltd., and Dholka Plywood Industries Pvt. Ltd. He served as a Director at Greenlam Industries Limited until November 2014. He earned Bachelor of Business Administration from University of Westminster.

CEO Compensation
  • Shobhan's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Shobhan's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Greenply Industries management team in years:

8.9
Average Tenure
56
Average Age
  • The average tenure for the Greenply Industries management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Shiv Mittal

TITLE
Founder & Executive Chairman
COMPENSATION
₹53M
AGE
69

Shobhan Mittal

TITLE
CEO, Joint MD & Executive Director
COMPENSATION
₹36M
AGE
38
TENURE
4.3 yrs

Rajesh Mittal

TITLE
MD & Executive Director
COMPENSATION
₹52M
AGE
55

Vishwanathan Venkatramani

TITLE
CFO & Chief Investor Relations Officer
AGE
54
TENURE
23.8 yrs

Subir Palit

TITLE
Country Head of Sales & Marketing -PBD
AGE
57
TENURE
2.6 yrs

Neeladri Basu

TITLE
Senior Vice President of Finance & Accounts - EPD
AGE
47
TENURE
6.3 yrs

Yogesh Arora

TITLE
President of Sales & Marketing - EPD
AGE
61
TENURE
10.1 yrs

Ashok Parekh

TITLE
Chief Executive Engineer - EPD
AGE
60
TENURE
11.1 yrs

Subhash Aggarwal

TITLE
Senior Vice President of Operations - EPD
AGE
58
TENURE
8.9 yrs

Sanidhya Mittal

TITLE
Executive Director
COMPENSATION
₹5M
AGE
26
Board of Directors Tenure

Average tenure and age of the Greenply Industries board of directors in years:

12.8
Average Tenure
57
Average Age
  • The average tenure for the Greenply Industries board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Shiv Mittal

TITLE
Founder & Executive Chairman
COMPENSATION
₹53M
AGE
69
TENURE
12.3 yrs

Shobhan Mittal

TITLE
CEO, Joint MD & Executive Director
COMPENSATION
₹36M
AGE
38
TENURE
12.8 yrs

Rajesh Mittal

TITLE
MD & Executive Director
COMPENSATION
₹52M
AGE
55
TENURE
28.3 yrs

Sanidhya Mittal

TITLE
Executive Director
COMPENSATION
₹5M
AGE
26
TENURE
1.3 yrs

Anupam Mukerji

TITLE
Independent Non-Executive Director
COMPENSATION
₹2M
AGE
82
TENURE
12.8 yrs

Susil Pal

TITLE
Independent Non-Executive Director
COMPENSATION
₹2M
AGE
75
TENURE
13.4 yrs

Sonali Dalal

TITLE
Independent Non-Executive Director
COMPENSATION
₹1M
AGE
57
TENURE
12.3 yrs

Vinod Kothari

TITLE
Independent Non-Executive Director
COMPENSATION
₹2M
AGE
56
TENURE
13 yrs

Upendra Challu

TITLE
Independent Non-Executive Director
COMPENSATION
₹2M
AGE
68
TENURE
6.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Greenply Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Greenply Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GREENPLY News

Simply Wall St News

Should You Buy Greenply Industries Limited (NSE:GREENPLY) For Its 0.4% Dividend?

Dividend paying stocks like Greenply Industries Limited (NSE:GREENPLY) tend to be popular with investors, and for good reason - some research shows that a significant amount of all stock market returns come from reinvested dividends. … Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments. … There are a few simple ways to reduce the risks of buying Greenply Industries for its dividend, and we'll go through these below.

Simply Wall St -

You Might Like Greenply Industries Limited (NSE:GREENPLY) But Do You Like Its Debt?

However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis is. … We'll look at some basic checks that can form a snapshot the company’s financial strength.

Simply Wall St -

Is Greenply Industries Limited (NSE:GREENPLY) Spending Too Much Money?

If you are currently a shareholder in Greenply Industries Limited (NSE:GREENPLY), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … I’ve analysed below, the health and outlook of Greenply Industries’s cash flow, which will help you understand the stock from a cash standpoint. … Greenply Industries’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure.

Simply Wall St -

Was Greenply Industries Limited's (NSE:GREENPLY) Earnings Decline Part Of A Broader Industry Downturn?

Measuring Greenply Industries Limited's (NSE:GREENPLY) track record of past performance is a valuable exercise for investors. … Was GREENPLY weak performance lately part of a long-term decline. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of -0.4%, indicating the rate at which GREENPLY is growing has slowed down

Simply Wall St -

Is There More To Greenply Industries Limited (NSE:GREENPLY) Than Its 13%Returns On Capital?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … How Do You Calculate Return On Capital Employed

Simply Wall St -

One Thing To Remember About The Greenply Industries Limited (NSE:GREENPLY) Share Price

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

How Much is Greenply Industries Limited's (NSE:GREENPLY) CEO Getting Paid?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Shobhan Mittal's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Greenply Industries Limited has a market cap of ₹17b, and is paying total annual CEO compensation of ₹36m.

Simply Wall St -

Greenply Industries Limited (NSE:GREENPLY): Time For A Financial Health Check

While small-cap stocks, such as Greenply Industries Limited (NSE:GREENPLY) with its market cap of ₹16b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

One Factor To Consider Before Investing In Greenply Industries Limited (NSE:GREENPLY)

I will take you through Greenply Industries’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Greenply Industries generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating. … There are two methods I will use to evaluate the quality of Greenply Industries’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability

Simply Wall St -

Should You Be Tempted To Sell Greenply Industries Limited (NSE:GREENPLY) Because Of Its P/E Ratio?

We'll show how you can use Greenply Industries Limited's (NSE:GREENPLY) P/E ratio to inform your assessment of the investment opportunity. … Greenply Industries has a price to earnings ratio of 14.62, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

GREENPLY Company Info

Description

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 and reconstituted veneers, flush doors, wood floors, and PVC foam boards and sheets, as well as green doors with solid wood/engineered wood fillers. It markets its products under the Greenply Plywood, Green Club Ply, Ecotec, Green Panelmax, Green Floormax, and Optima G and other brand names through a network of approximately 13,000 distributors, stockists, 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 based in Kolkata, India.

Details
Name: Greenply Industries Limited
GREENPLY
Exchange: NSEI
Founded: 1990
₹18,265,350,485
122,627,395
Website: http://www.greenply.com
Address: Greenply Industries Limited
Madgul Lounge,
5th & 6th Floor,
Kolkata,
West Bengal, 700027,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 526797 Equity Shares Mumbai Stock Exchange IN INR 09. Dec 2004
NSEI GREENPLY Equity Shares National Stock Exchange of India IN INR 09. Dec 2004
Number of employees
Current staff
Staff numbers
0
Greenply Industries employees.
Industry
Forest Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 12:52
End of day share price update: 2019/05/22 00:00
Last estimates confirmation: 2019/05/13
Last earnings filing: 2018/05/29
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.