Greenply Industries Ltd
NSE:GREENPLY
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
Greenply Industries Ltd
NSE:GREENPLY
|
IN |
Greenply Industries Ltd
Greenply Industries Ltd. engages in the manufacture and trade of plywood and its allied products. The company is headquartered in Kolkata, West Bengal. The firm is primarily involved in manufacturing of plywood and trading of plywood and allied products. The Company’s product offerings include plywoods and blockboards, decorative veneers, flush doors, specialty plywood, and polyvinyl chloride (PVC) products. The company offers an array of plywoods and blockboards under the brand names of Green, Optima G, Ecotec, Bharosa Ply and Jansathi. The firm offers a range of decorative veneers under the brand names of Wood Crrests, Royal Crown, Kohl Forest, Burma Teak, and Engineered Veneers. The firm also offers various types of flush doors under the brand names of Green, Optima G, and Ecotec. The firm produces specialty plywood for a variety of requirements, ranging from automobiles, railways to construction-specific uses for building structures. The firm markets PVC boards, doors, and plastic sections under the Green Ndure brand.
Greenply Industries Ltd. engages in the manufacture and trade of plywood and its allied products. The company is headquartered in Kolkata, West Bengal. The firm is primarily involved in manufacturing of plywood and trading of plywood and allied products. The Company’s product offerings include plywoods and blockboards, decorative veneers, flush doors, specialty plywood, and polyvinyl chloride (PVC) products. The company offers an array of plywoods and blockboards under the brand names of Green, Optima G, Ecotec, Bharosa Ply and Jansathi. The firm offers a range of decorative veneers under the brand names of Wood Crrests, Royal Crown, Kohl Forest, Burma Teak, and Engineered Veneers. The firm also offers various types of flush doors under the brand names of Green, Optima G, and Ecotec. The firm produces specialty plywood for a variety of requirements, ranging from automobiles, railways to construction-specific uses for building structures. The firm markets PVC boards, doors, and plastic sections under the Green Ndure brand.
Revenue Growth: Greenply reported consolidated Q3 revenue of INR 673.4 crores, up 9.6% year-on-year, and 9-month revenue of INR 1,962.8 crores, up 6.7% YoY.
Double-Digit Volume: Both plywood and MDF segments delivered double-digit volume growth in Q3, as management had guided.
Margin Performance: Core EBITDA margin improved by 50 bps YoY to 8.7% in Q3, with plywood margins steady and MDF margins impacted by production challenges.
MDF Expansion: The Board approved a new INR 425 crore MDF line in Vadodara, with 700 CBM capacity and expected commissioning in Q2 FY '28.
CapEx & Debt: CapEx is progressing as planned, with net debt of INR 528 crores and management committed to keeping debt/equity below 0.6x.
Guidance Affirmed: Management remains confident in sustaining double-digit growth, improving MDF margins to 16%+ in Q4, and commissioning new projects on schedule.
Furniture JV Losses: The Furniture and Fitting JV continues to report losses, with profitability targeted by FY '28 through growth and import substitution.
