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Swing Capital

Greenpanel Industries Ltd

NSE: GREENPANEL BSE: 542857

Greenpanel Industries Limited is engaged in the manufacturing of plywood, medium density fibre boards (MDF) and allied products.[1]

₹192
52W: ₹163 — ₹335
PE 0 · Book ₹111 · +73% vs book
Market Cap₹2,355 Cr
Stock P/E—Price to Earnings
ROCE0.4%Return on Capital
ROE2.13%Return on Equity
Div. Yield0.15%Face Value ₹1

Weaknesses

  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of 8.58% over past five years.
  • −Company has a low return on equity of 4.45% over last 3 years.

Shareholding Pattern

Promoters53.13%
FIIs1.07%
DIIs28.4%
Public17.4%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters53.12%53.12%53.12%53.13%▲0.053.13%53.13%53.13%53.13%
FIIs2.12%2.7%▲0.63%▲0.32.92%▼0.11.64%▼1.31.36%▼0.31.1%▼0.31.07%▼0.0
DIIs26.76%27.7%▲0.928.47%▲0.828.62%▲0.228.76%▲0.129.62%▲0.928.45%▼1.228.4%▼0.1
Public17.98%16.46%▼1.515.4%▼1.115.31%▼0.116.46%▲1.215.88%▼0.617.32%▲1.417.4%▲0.1

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales385.68396.54364.95336.87359.44374.51328.19395.97416.27398.93
Expenses325.7344.99328.91307342.09326.56344.02371.2375.43368.98
Operating Profit59.9851.5536.0429.8717.3547.95-15.8324.7740.8429.95
OPM %15.55%13%9.88%8.87%4.83%12.8%-4.82%6.26%9.81%7.51%
Net Profit27.6629.8115.7118.58.529.39-34.62-6.1210.241.37
EPS ₹2.262.431.281.510.692.4-2.82-0.50.840.11

AI Insights

Revenue Trend

Mar 2026 revenue at ₹1,539Cr, up 7.2% YoY. OPM at 5%.

Debt Position

Borrowings at ₹370Cr. Debt-to-equity ratio: 0.28x. Healthy balance sheet.

Capex Cycle

CWIP at ₹20Cr (1% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 28.4% (+6.80pp change). FIIs: 1.07% (-3.23pp change). Promoters hold 53.13%.

Margin & Efficiency

ROCE improving from 0% (Mar 2018) to 0% (Mar 2026). Working capital days: 20.

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