GREENPLY

Greenply Industries Limited

Plywood and MDF manufacturer with PVC/WPC doors

Consumer Discretionary›Consumer Durables›Consumer Durables›Plywood Boards/ Laminates

greenply.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹310.25
Market cap
3,867 Cr
Stock P/E
39.2
P/B
4.33
Dividend yield
0.2%
ROE (FY26)
10.0%
ROCE (FY26)
13.0%
Operating margin (FY26)
7.5%
Debt / equity (FY26)
0.55
OCF / EBITDA (FY26)
91.3%
OCF / EBITDA (3Y)
82.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Greenply makes and sells branded plywood and MDF (medium density fibreboard) wood panels across India, and is building a flooring and a furniture-hardware business alongside them.

Company snapshot

4thBy market cap

Ranked among 11 companies in Plywood Boards/ Laminates.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 78.6% of revenue

SegmentRevenue shareRevenuePBTAssets
Medium density fibreboards and allied products
21.5%
395 Cr22 Cr—
Plywood and allied products
78.6%
1,445 Cr97 Cr—

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales608 Cr621 Cr600 Cr584 Cr640 Cr614 Cr649 Cr601 Cr689 Cr673 Cr776 Cr725 Cr
Operating expenses (approx.)556 Cr564 Cr542 Cr526 Cr583 Cr560 Cr581 Cr539 Cr632 Cr614 Cr683 Cr647 Cr
EBITDA51 Cr57 Cr58 Cr58 Cr58 Cr54 Cr68 Cr62 Cr57 Cr59 Cr93 Cr78 Cr
OPM %8.4%9.1%9.6%9.9%9.0%8.8%10.5%10.3%8.2%8.7%12.0%10.8%
Other income4 Cr9 Cr4 Cr6 Cr2 Cr3 Cr6 Cr13 Cr2 Cr1 Cr3 Cr2 Cr
Interest18 Cr20 Cr9 Cr10 Cr14 Cr5 Cr13 Cr19 Cr13 Cr10 Cr13 Cr7 Cr
Depreciation16 Cr17 Cr15 Cr15 Cr15 Cr15 Cr15 Cr15 Cr16 Cr17 Cr17 Cr17 Cr
Profit before tax21 Cr37 Cr38 Cr34 Cr26 Cr33 Cr24 Cr36 Cr23 Cr22 Cr44 Cr49 Cr
Tax %33.4%26.4%24.8%1.6%31.5%26.6%32.1%21.3%31.4%34.7%29.3%23.9%
Net profit14 Cr27 Cr28 Cr33 Cr18 Cr24 Cr17 Cr28 Cr16 Cr14 Cr31 Cr38 Cr
EPS (₹)₹1.13₹2.17₹2.29₹2.68₹1.42₹1.96₹1.33₹2.28₹1.28₹1.15₹2.48₹3.01

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,782 Cr1,737 Cr1,972 Cr1,420 Cr1,165 Cr1,563 Cr1,846 Cr2,180 Cr2,488 Cr2,739 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,537 Cr1,506 Cr1,751 Cr1,265 Cr1,049 Cr1,413 Cr1,677 Cr1,993 Cr2,250 Cr2,469 CrSign in free for the trailing twelve months
EBITDA245 Cr231 Cr221 Cr156 Cr117 Cr150 Cr169 Cr187 Cr238 Cr271 CrSign in free for the trailing twelve months
OPM %13.7%13.3%11.2%11.0%10.0%9.6%9.2%8.6%9.6%9.9%Sign in free for the trailing twelve months
Other income4 Cr2 Cr13 Cr2 Cr7 Cr10 Cr15 Cr14 Cr16 Cr19 CrSign in free for the trailing twelve months
Interest19 Cr11 Cr43 Cr21 Cr17 Cr12 Cr26 Cr43 Cr43 Cr55 CrSign in free for the trailing twelve months
Depreciation51 Cr50 Cr75 Cr26 Cr23 Cr26 Cr36 Cr55 Cr60 Cr65 CrSign in free for the trailing twelve months
Profit before tax181 Cr164 Cr120 Cr61 Cr81 Cr125 Cr111 Cr100 Cr117 Cr125 CrSign in free for the trailing twelve months
Tax %30.8%32.6%9.1%22.2%25.2%24.2%17.3%29.8%21.6%28.3%Sign in free for the trailing twelve months
Net profit125 Cr111 Cr109 Cr47 Cr61 Cr95 Cr91 Cr70 Cr92 Cr90 CrSign in free for the trailing twelve months
EPS (₹)₹10.29₹9.02₹8.90₹3.85₹4.97₹7.72₹7.44₹5.67₹7.39₹7.19Sign in free for the trailing twelve months
Dividend payout %————8.1%5.2%6.7%8.8%6.7%7.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr
Reserves760 Cr865 Cr964 Cr366 Cr424 Cr526 Cr632 Cr697 Cr796 Cr882 Cr
Borrowings394 Cr682 Cr725 Cr237 Cr157 Cr292 Cr663 Cr525 Cr488 Cr489 Cr
Other liabilities408 Cr551 Cr629 Cr347 Cr321 Cr329 Cr374 Cr430 Cr655 Cr577 Cr
Total liabilities1,575 Cr2,111 Cr2,331 Cr962 Cr915 Cr1,159 Cr1,681 Cr1,664 Cr1,952 Cr1,962 Cr
Fixed assets (net)524 Cr575 Cr1,382 Cr278 Cr307 Cr342 Cr449 Cr846 Cr838 Cr889 Cr
CWIP269 Cr770 Cr20 Cr5 Cr6 Cr110 Cr513 Cr12 Cr44 Cr50 Cr
Investments26 Cr18 Cr23 Cr24 Cr23 Cr26 Cr6 Cr43 Cr67 Cr55 Cr
Loans & advances——0.77 Cr—4 Cr0.74 Cr1 Cr1 Cr2 Cr2 Cr
Inventories158 Cr231 Cr304 Cr177 Cr179 Cr226 Cr278 Cr348 Cr518 Cr364 Cr
Trade receivables298 Cr286 Cr339 Cr357 Cr194 Cr186 Cr229 Cr249 Cr323 Cr407 Cr
Cash & bank77 Cr33 Cr39 Cr10 Cr18 Cr63 Cr31 Cr22 Cr11 Cr27 Cr
Other assets222 Cr198 Cr223 Cr111 Cr184 Cr206 Cr174 Cr142 Cr149 Cr167 Cr
Total assets1,575 Cr2,111 Cr2,331 Cr962 Cr915 Cr1,159 Cr1,681 Cr1,664 Cr1,952 Cr1,962 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity212 Cr113 Cr98 Cr58 Cr228 Cr92 Cr62 Cr111 Cr219 Cr247 Cr
Cash from investing-363 Cr-328 Cr-84 Cr-57 Cr-125 Cr-129 Cr-409 Cr-143 Cr-147 Cr-152 Cr
Cash from financing190 Cr164 Cr-28 Cr-19 Cr-92 Cr80 Cr318 Cr46 Cr-83 Cr-78 Cr
Net cash flow39 Cr-50 Cr-14 Cr-19 Cr12 Cr42 Cr-30 Cr14 Cr-11 Cr17 Cr
Free cash flow (OCF − Capex)-166 Cr-227 Cr12 Cr0.96 Cr205 Cr-140 Cr-353 Cr-32 Cr141 Cr90 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %17.2%11.3%9.6%13.2%16.5%16.5%10.5%11.6%12.3%13.0%
ROE %16.2%12.6%11.2%12.5%13.9%17.6%14.2%9.9%11.3%10.0%
Debtor days61606392614345424754
Inventory days84132127119152147152144192121
Days payable110125126155173141132137198151
Cash conversion cycle35676455394965484125
OCF / EBITDA %86.6%49.1%44.3%37.0%195.2%61.0%36.8%59.4%92.0%91.3%
OCF / EBITDA % (3 years)——60.8%44.3%77.7%89.2%87.5%52.3%66.0%82.9%
Debt / equity0.510.780.740.630.360.541.030.740.600.55
Current ratio1.271.051.091.141.381.201.331.281.241.29
Net debt / EBITDA1.29—3.11—1.191.523.742.692.011.71