Flash Finance

Greenpanel Industries LimitedGREENPANELCorporate

Plywood Boards/ Laminates Latest results: Mar 2024 13 quarters of data
Consolidated Standalone
₹142.95
MCap ₹1,753 Cr · P/E 12.3
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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹397 Cr
Sales · Mar 2024
-10.0% YoY
₹51 Cr
Operating Profit · Mar 2024
-32.9% YoY
12.8%
OPM % · Mar 2024
-25.6% YoY
₹30 Cr
Net Profit · Mar 2024
-56.5% YoY
₹2.43
EPS · Mar 2024
-56.8% YoY

📝 Greenpanel Industries Limited — results explained

Quarter ended March 2024 (Q4 FY24)

Greenpanel Industries Limited reported revenue of ₹397 crore for the quarter ended March 2024 (Q4 FY24), down 10.0% from ₹441 crore in the same quarter last year, and up 2.9% sequentially over the December 2023 quarter.

Net profit fell 56.5% year-on-year to ₹30 crore, from ₹69 crore. Earnings per share (EPS) came in at ₹2.43.

Operating profit stood at ₹51 crore — an operating margin (OPM) of 12.8%, compared with 17.2% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY24, Greenpanel Industries Limited posted revenue of ₹1,568 crore, a decline of 12.0% over FY23, with a net profit of ₹143 crore (down 44.5% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹1,568 crore with a net profit of ₹143 crore.

Valuation snapshot

At the current price of ₹142.95, GREENPANEL has a market capitalisation of ₹1,753 crore and a trailing P/E of about 12.3.

Within the Plywood Boards/ Laminates industry, it is the 4th-largest of the 13 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 54.31%, foreign institutional investors (FIIs) 1.03%, domestic institutional investors (DIIs) 25.51%, public shareholders 19.15% of Greenpanel Industries Limited.

Promoter holding rose from 53.26% to 54.31% over the latest period.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹1,753 Cr
Current Price ?
₹142.9
P/E ?
12.29below ind
Industry P/E ?
33.90
P/B ?
1.29
P/S ?
1.12
P/FCF ?
24.01
Enterprise Value ?
₹2,123 Cr
EV/EBITDA ?
8.62
PEG ?
0.47
Earnings Yield ?
8.2%
Dividend Yield ?
0.35%
Profitability & Returns
Sales (TTM) ?
₹1,568 Cr
OPM ?
15.7%
Profit after tax (TTM) ?
₹143 Cr
EPS (TTM) ?
₹11.63
ROCE ?
0.0%
ROE ?
10.5%
ROA ?
7.0%
Growth
Sales — latest qtr ?
₹397 Cr
PAT — latest qtr ?
₹30 Cr
YoY qtr sales growth ?
-10.0%
YoY qtr profit growth ?
-56.5%
Sales growth (3y) ?
15%
Sales growth (5y) ?
21%
Profit growth (3y) ?
26%
Profit growth (5y) ?
33%
Financial Health
Debt ?
₹370 Cr
Debt to Equity ?
0.27
Interest Coverage ?
14.3
Current Ratio ?
N/A
Ownership
Promoter holding ?
54.31%
Change in promoter holding ?
1.18%
Pledged percentage ?
N/A
Market
Return 3 months ?
-26.8%
Return 6 months ?
-33.4%

🗓️ Quarterly results (13 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best
Metric Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024 YoY % QoQ %
Sales 389308422424470464457420441386399386397 -10.0% +2.9%
Operating Profit 9769113111138132117927666696051 -32.9% -15.4%
Other Income 21224714-496717 -22.2% +435.9%
Interest -411213321134260 -100.0% -100.0%
Depreciation 17171918181818181718181818 +5.9% +0.4%
Profit Before Tax 86419494120118110586450553740 -37.5% +6.8%
Net Profit 56306763817872386937413530 -56.5% -13.3%
EPS 4.602.435.475.146.576.335.913.065.623.043.342.822.43 -56.8% -13.8%
OPM % 24.9% 22.4% 26.8% 26.2% 29.4% 28.4% 25.6% 21.9% 17.2% 17.1% 17.3% 15.6% 12.8% -25.6% -17.9%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY23 FY24 TTM YoY %
Sales ₹1,782 Cr ₹1,568 Cr ₹1,568 Cr -12.0%
Operating Profit ₹417 Cr ₹246 Cr ₹246 Cr -40.9%
OPM % 23.40% 15.71% 15.71% -32.9%
NPM % 14.42% 9.10% 9.10% -36.9%
Other Income ₹26 Cr ₹21 Cr ₹21 Cr -18.1%
Depreciation ₹71 Cr ₹72 Cr ₹72 Cr +1.3%
Interest ₹19 Cr ₹12 Cr ₹12 Cr -35.7%
EBIT ₹346 Cr ₹174 Cr ₹174 Cr -49.6%
PBT ₹350 Cr ₹182 Cr ₹182 Cr -47.9%
Tax — ₹3 Cr ₹3 Cr —
Net Profit ₹257 Cr ₹143 Cr ₹143 Cr -44.5%
EPS ₹20.92 ₹11.63 ₹11.63 -44.4%
Material Cost — ₹175 Cr ₹175 Cr —
Employee Cost — ₹33 Cr ₹33 Cr —
Extraordinary Items — — — —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 12121212 +0.0%
Reserves 1,1891,3051,3731,344 -2.1%
Borrowings 228296413370 -10.4%
Other Liabilities 276278338321 -5.0%
Total Liabilities 1,7051,8912,1362,047 -4.2%
Fixed Assets 9929821,5591,425 -8.6%
CWIP 53131120 +81.8%
Investments 22981210 -100.0%
Other Assets 686498445602 +35.3%
Total Assets 1,7051,8912,1362,047 -4.2%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 33913578111 +42.3%
Cash from Investing Activity -254-156-16617 +110.2%
Cash from Financing Activity -1315082-115 -240.2%
Net Cash Flow -4529-612 +300.0%
Free Cash Flow 253-210-10973 +167.0%
CFO/OP 97%70%64%128% +100.0%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 971121 +90.9%
Inventory Days 751079889 -9.2%
Days Payable 54585155 +7.8%
Cash Conversion Cycle 29555854 -6.9%
Working Capital Days 520920 +122.2%
ROCE % 27%13%4%-0% -100.0%

👥 Shareholding (latest 6 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026 % Chg
Promoters 53.13%53.13%53.13%53.13%53.26%54.31% +2.0%
FIIs 1.64%1.36%1.10%1.07%0.94%1.03% +9.6%
DIIs 28.76%29.62%28.45%28.40%28.49%25.51% -10.5%
Government 0.00%0.00%0.00%0.00%—— —
Public 16.46%15.88%17.32%17.40%17.31%19.15% +10.6%
No. of Shareholders 97,16293,76291,30588,24986,78486,238 -0.6%

⚖️ Peer comparison

Industry: Plywood Boards/ Laminates · 13 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 GREENLAM Greenlam Industries ₹233.45 5,956 64.2 3,169 93 11.4% 2.9% 18.5% -16.5% 18.2% 231.2%
2 STYLAMIND Stylam Industries ₹3,239.50 5,494 32.3 1,173 169 20.2% 14.4% 10.2% 22.4% 15.4% 70.4%
3 GREENPLY Greenply Industries ₹290.40 3,627 36.7 2,863 99 10.0% 3.5% 10.1% -2.1% 20.7% 32.2%
4 GREENPANEL Greenpanel Industries ₹153.00 1,876 278.2 1,561 7 8.0% 0.4% 7.2% -140.4% 6.6% 103.6%
5 RUSHIL Rushil Decor ₹15.65 459 19.3 907 24 9.9% 2.6% -4.1% -83.7% 29.3% 114.5%
6 SYLVANPLY Sylvan Plyboard ₹120.85 234 29.4 252 7 8.3% 2.8% — — -2.2% -25.0%
7 ARCHIDPLY Archidply Industries ₹102.89 206 15.7 712 13 6.7% 1.8% 20.6% 208.4% 27.8% 888.8%
8 523732 Ecoboard Industries ₹32.01 161 — 33 -10 -28.1% -31.0% 88.1% 44.9% 583.2% -8.5%
9 WIPL Western India ₹169.58 144 — 116 -0 2.0% -0.2% 2.5% -83.9% -8.7% -188.2%
10 AIROLAM Airo Lam ₹84.70 127 20.0 258 6 7.9% 2.5% 13.5% 76.1% 27.7% 9.1%
11 516003 Duroply Industries ₹275.00 112 149.5 409 2 5.0% 0.5% 8.3% -62.2% 6.5% -60.8%
12 MILTON Milton Industri. ₹39.70 67 37.5 46 2 9.5% 3.9% — — 11.3% 55.6%
13 ADL Archidply Decor ₹71.54 40 — 46 -0 3.4% -0.2% -11.7% -100.0% -0.1% -78.2%
❓ Frequently asked questions
What was Greenpanel Industries Limited's revenue in Q4 FY24?
Greenpanel Industries Limited reported revenue of ₹397 crore for the quarter ended March 2024 (Q4 FY24), down 10.0% from ₹441 crore in the same quarter last year, and up 2.9% sequentially over the December 2023 quarter.
What was Greenpanel Industries Limited's net profit in Q4 FY24?
Net profit fell 56.5% year-on-year to ₹30 crore, from ₹69 crore. Earnings per share (EPS) came in at ₹2.43.
What is GREENPANEL's market capitalisation and P/E ratio?
At the current price of ₹142.95, GREENPANEL has a market capitalisation of ₹1,753 crore and a trailing P/E of about 12.3.
Who owns Greenpanel Industries Limited? (shareholding pattern)
As of Sep 2026, promoters held 54.31%, foreign institutional investors (FIIs) 1.03%, domestic institutional investors (DIIs) 25.51%, public shareholders 19.15% of Greenpanel Industries Limited.
TTM ends 2024-03-31. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI