Greenpanel Inds.

₹276.2 -1.3 | 0.5%

WEBSITE BSE:542857 NSE : GREENPANEL 23 Mar, 15:43

Market Cap ₹3387 Cr.

Stock P/E 12.6

P/B 3

Current Price ₹276.2

Book Value ₹ 93

Face Value 1

52W High ₹625

Dividend Yield 0.54%

52W Low ₹ 265

Edit Ratio

Greenpanel Inds. Research see more...

Equity Research: Greenpanel Industries

Overview Inc. Year: 2017Industry: Wood & Wood Products

Greenpanel Industries Ltd engages within the manufacture and sale of wood panels in India and across the world. It provides plain and pre-laminated medium density fibre boards, timber floors, decorative veneers, plywood, and flush and commercial doorways. The agency also trades in medium density fibre boards and allied merchandise. Greenpanel Industries Ltd was founded in 2017 and is based in Kolkata, India.

Quarterly Price

Quarterly Monthly

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Peer Comparison

Greenpanel Inds. Quarterly Results

#(Fig in Cr.)	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Net Sales	225	317	389	308	422	424	470	464	457	420
Other Income	0	0	2	1	2	2	4	7	8	-4
Total Income	225	317	391	309	425	427	474	471	465	416
Total Expenditure	179	249	292	240	309	313	332	332	341	328
Operating Profit	46	69	99	69	115	113	141	139	124	88
Interest	13	14	-4	11	2	1	3	3	2	11
Depreciation	17	17	17	17	19	18	18	18	18	18
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	6	0
Profit Before Tax	16	37	86	41	94	94	120	118	110	58
Provision for Tax	-2	7	29	12	27	31	39	40	38	21
Profit After Tax	18	30	56	30	67	63	81	78	72	38
Adjustments	0	0	0	-0	0	0	-0	-0	0	0
Profit After Adjustments	18	30	56	30	67	63	81	78	72	38
Adjusted Earnings Per Share	1.5	2.5	4.6	2.4	5.5	5.1	6.6	6.3	5.9	3.1

Greenpanel Inds. Profit & Loss

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	0	599	877	1021	1625	1811
Other Income	0	13	2	3	9	15
Total Income	0	612	879	1024	1634	1826
Total Expenditure	0	522	739	817	1195	1333
Operating Profit	-0	90	140	207	439	492
Interest	0	25	48	37	17	19
Depreciation	0	53	69	69	73	72
Exceptional Income / Expenses	0	0	-11	0	0	6
Profit Before Tax	-0	12	12	101	349	406
Provision for Tax	0	-22	-3	32	108	138
Profit After Tax	-0	35	14	69	240	269
Adjustments	0	0	0	0	0	0
Profit After Adjustments	-0	35	14	69	240	269
Adjusted Earnings Per Share	0	0	1.2	5.6	19.6	21.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	59%	39%	0%	0%
Operating Profit CAGR	112%	70%	0%	0%
PAT CAGR	248%	90%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-50%	109%	NA%	NA%
ROE Average	29%	14%	-11%	-11%
ROCE Average	30%	16%	-11%	-11%

Greenpanel Inds. Balance Sheet

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	645	662	730	952
Minority's Interest	0	0	0	0
Borrowings	460	435	356	165
Other Non-Current Liabilities	78	72	83	114
Total Current Liabilities	275	301	286	312
Total Liabilities	1458	1469	1455	1542
Fixed Assets	1137	1111	1074	1038
Other Non-Current Assets	33	38	26	18
Total Current Assets	288	320	355	486
Total Assets	1458	1469	1455	1542

Greenpanel Inds. Cash Flow

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	0	0	20	11	13
Cash Flow from Operating Activities	-0	17	100	214	366
Cash Flow from Investing Activities	0	-105	-22	-70	-136
Cash Flow from Financing Activities	0	102	-86	-141	-185
Net Cash Inflow / Outflow	0	14	-8	2	44
Closing Cash & Cash Equivalent	0	20	11	13	57

Greenpanel Inds. Ratios

#	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	0	0	1.18	5.61	19.61
CEPS(Rs)	-0.52	0	6.82	11.21	25.59
DPS(Rs)	0	0	0	0	1.5
Book NAV/Share(Rs)	0	0	53.96	59.56	77.6
Core EBITDA Margin(%)	0	12.07	14.74	18.8	25.27
EBIT Margin(%)	0	5.77	6.42	12.78	21.49
Pre Tax Margin(%)	0	1.93	1.25	9.34	20.48
PAT Margin (%)	0	5.39	1.55	6.36	14.11
Cash Profit Margin (%)	0	13.66	8.95	12.71	18.42
ROA(%)	-102.37	4.74	0.99	4.71	16.04
ROE(%)	-107.9	10.92	2.23	9.89	28.59
ROCE(%)	-107.9	6.01	4.89	11.52	30.36
Receivable days	0	25.97	22.68	25.02	12.77
Inventory Days	0	76.55	56.32	51.17	33.76
Payable days	0	58.28	94.18	98.7	72.75
PER(x)	0	0	24.68	28.52	29.95
Price/Book(x)	0	0	0.54	2.69	7.57
Dividend Yield(%)	0	0	0	0	0.26
EV/Net Sales(x)	0	0.95	1.03	2.29	4.47
EV/Core EBITDA(x)	-0.95	6.29	6.47	11.3	16.53
Net Sales Growth(%)	0	0	46.31	16.45	59.2
EBIT Growth(%)	0	0	62.09	130.3	164.89
PAT Growth(%)	0	0	-58.18	375.83	249.47
EPS Growth(%)	0	0	0	375.85	249.47
Debt/Equity(x)	0	0.93	0.85	0.61	0.3
Current Ratio(x)	19.5	1.05	1.06	1.24	1.56
Quick Ratio(x)	19.5	0.56	0.55	0.72	1.03
Interest Cover(x)	0	1.5	1.24	3.71	21.41
Total Debt/Mcap(x)	0	0	1.57	0.23	0.04

Greenpanel Inds. Shareholding Pattern

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	53.1	53.1	53.1	53.1	53.1	53.1	53.1	53.1	53.1	53.1
FII	11.16	10.71	4.21	5.45	2.94	3.73	5.84	6.27	6.39	4.56
DII	18.13	16.06	19.02	18.68	22.73	22.87	21.24	21.45	21.18	21.3
Public	17.62	20.14	23.67	22.78	21.24	20.31	19.82	19.18	19.33	21.04
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	6.51	6.51	6.51	6.51	6.51	6.51	6.51	6.51	6.51	6.51
FII	1.37	1.31	0.52	0.67	0.36	0.46	0.72	0.77	0.78	0.56
DII	2.22	1.97	2.33	2.29	2.79	2.8	2.6	2.63	2.6	2.61
Public	2.16	2.47	2.9	2.79	2.6	2.49	2.43	2.35	2.37	2.58
Others	0	0	0	0	0	0	0	0	0	0
Total	12.26	12.26	12.26	12.26	12.26	12.26	12.26	12.26	12.26	12.26