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Buy Greenpanel Industries Ltd For Target Rs. 430 - JM Financial Institutional Securities Ltd Greenpanel Industries’ (Greenpanel) 1QFY24 performance was broadly in line, 3% miss on revenue was offset by higher margin (120bps above JMFe). MDF segment revenue declined 13% YoY (-12% QoQ, 5% below JMFe) led by fall in both volume (-7% YoY/ -16% QoQ, 5% below JMFe) and realisation (-6% YoY; higher export mix; domestic realisation flat QoQ). Volumes declined on account of a) slightly weak demand scenario given unseasonal rains, b) moderate substitution of domestic MDF by imports, and ...
Buy Greenpanel Industries Ltd For Target Rs. 430 - JM Financial Institutional Securities Ltd
Buy Greenpanel Industries Ltd For Target Rs. 430 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
1/08/2023 2:41:50 PM
Buy Greenpanel Industries Ltd For Target Rs.449- Yes Securities Challenging times ahead, performance will be gauged closely!   We interacted with Mr. Venkatramani, CFO of Greenpanel Industries Ltdto understand the on-going trends & development, following are the key highlights from the same: * Demand: Seasonally Q1 is a weak quarter and hence demand is subdued. Moreover, there is some pressure from new domestic capacities & imports as well. * Pricing: Domestic prices continue to remain steady while there is a 5-6% hike in export p...
Buy Greenpanel Industries Ltd For Target Rs.449- Yes Securities
Buy Greenpanel Industries Ltd For Target Rs.449- Yes Securities
Source: Yes Securities
22/06/2023 2:13:44 PM
Automation to drive higher growth rate for India's MDF industry -Greenpanel CFO  India's furniture industry will witness major changes with the entry of domestic organised and international players bringing in more automation, driving higher growth rates for the medium density fiberboard (MDF) sector, a top executive at Greenpanel Industries Ltd said on Tuesday. "Automation will lead to higher growth rates for the MDF industry since it is a raw material produced in fully automated plants," Vishwanathan Venkatramani, chief financial officer at India&...
Automation to drive higher growth rate for India's MDF industry -Greenpanel CFO
Automation to drive higher growth rate for India's MDF industry -Greenpanel CFO
Source: Reuters
13/06/2023 4:04:56 PM
Buy Greenpanel Industries Ltd For Target Rs.449- Yes Securities Result Synopsis The MDF biz of GREENP registered a decent volume of 137,265cbm, a growth of 10%YoY & 16%QoQ. Blended realizations declined sharply by 10%YoY & 8%QoQ owing to higher sales from exports which stood at 31% of total volumes as compared to 18%/21% in Q4FY22/Q3FY23 respectively wherein realizations contracted by 22%YoY & 6%QoQ. Consequently, margins of MDF biz came in at 21.9% (Vs est of 23%), as compared to 34.6%/25.6% in Q4FY22/Q3FY23 respectively. EBITDA/Cbm stood ...
Buy Greenpanel Industries Ltd For Target Rs.449- Yes Securities
Buy Greenpanel Industries Ltd For Target Rs.449- Yes Securities
Source: Yes Securities
13/05/2023 10:52:23 AM
Buy Greenpanel Industries Ltd : Steady performance to continue till FY24E - Yes Securities Buy Greenpanel Industries Ltd For Target Rs. 532 Steady performance to continue till FY24E! Result Synopsis Greenpanel Industries Ltd (GPIL) reported revenue of Rs4.57Bn, a growth of 8.3%YoY. MDFs revenue (86% of sales) reported a 18%YoY growth which was lead by higher MDF prices which stood at Rs31,299/cbm Vs Rs24,445/cbm in Q2FY22. As compared to previous quarter both volumes & sales were flattish at 126,232cbm & Rs3.95Bn respectively. EBITDA margins of MDF biz came i...
Buy Greenpanel Industries Ltd : Steady performance to continue till FY24E - Yes Securities
Buy Greenpanel Industries Ltd : Steady performance to continue till FY24E - Yes Securities
Source: Yes Securities Ltd
31/12/2022 12:18:23 PM
Buy Greenpanel Industries Ltd For Target Rs.668 - ICICI Securities In-line quarter, valuations attractive Greenpanel Industries (GREENP) has reported Q2FY23 consolidated operating margin decline of 170bps YoY to 24.7% due to margin decline of 100bps/630bps YoY in MDF/plywood segment on account of RM cost pressure. Consolidated revenue grew in line with estimates by 8.3% YoY to ~Rs4.6bn (3-year CAGR of 33.5%) leading to EBITDA/APAT growth of 1.3%/4.5% YoY. MDF volumes declined 7.9% YoY (on a high base), primarily due to ~40% YoY (flat QoQ) decline in expor...
Buy Greenpanel Industries Ltd For Target Rs.668 - ICICI Securities
Buy Greenpanel Industries Ltd For Target Rs.668 - ICICI Securities
Source: ICICI Securities
28/11/2022 1:10:18 PM
Diwali Fundamental Muhurat Picks By GEPL Capital UPL Ltd CMP ? 664  Target Price : ? 885 ( 33%) Business Operations UPL is engaged in the business of Agrochemicals, Industrial chemicals, chemical intermediates, specialty chemicals, and the sale of field crops and vegetable seeds. Present in 138 nations and is the 5th largest agrochemicals and 4th largest seed manufacturer in the world. It has a wide range of products including seed, crop protection, and post-harvest solutions. It has 42 manufacturing plants located across...
Diwali Fundamental Muhurat Picks By GEPL Capital
Diwali Fundamental Muhurat Picks By GEPL Capital
Source: GEPL Capital
24/10/2022 1:20:03 PM
Buy Greenpanel Industries Ltd For Target Rs. 662 - ICICI Securities Domestic demand remains healthy Our positive stance on Greenpanel Industries (GREENP) stands bolstered post our interactions with dealers and industry participants indicating MDF demand remains healthy and continues to grow in double digits YoY (in the ongoing quarter too) despite a YoY strong base. The growth in MDF continues to be driven by increase in demand for readymade furniture even post-pandemic. Also, the pick-up in housing market seen after the pandemic has further aided demand g...
Buy Greenpanel Industries Ltd For Target Rs. 662 - ICICI Securities
Buy Greenpanel Industries Ltd For Target Rs. 662 - ICICI Securities
Source: ICICI Securities Ltd
26/09/2022 10:51:43 AM
Buy Greenpanel Industries Ltd For Target Rs. 630 - Yes Securities Strong quarter in tough times; unveils MDF expansion Greenpanel Industries (Greenpanel) reported another strong quarter with revenue/EBITDA/PBT 3-year CAGR of 32%/69%/228% respectively (10%/18%/32% above JMFe). Demand momentum sustained in MDF as volume grew at a 3-year CAGR of 18% (flat QoQ, 9% above estimates). MDF realisation (+18%, 3-year CAGR) improved both on domestic and export sales, growing 13% and 27% respectively, leading to 580bps improvement in EBITDA margin (27.7%; 200bps abo...
Buy Greenpanel Industries Ltd For Target Rs. 630 - Yes Securities
Buy Greenpanel Industries Ltd For Target Rs. 630 - Yes Securities
Source: JM Financial Institutional Securities Ltd
9/09/2022 11:07:37 AM
Greenpanel Industrie Q1 net profit zooms 166.50% at Rs 76.14 cr The company reported standalone net profit of Rs 76.14 crore for the quarter ended June 30, 2022 as compared to Rs 28.57 crore in the same period last year, registering a year-on-year growth of 166.50 per cent. Net revenue of the company rose substantially by 50.63 per cent at Rs 464.00 crore in April-June quarter of this fiscal as against Rs 308.03 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 38.54 per cent to Rs 335.36 crore from Rs...
Greenpanel Industrie Q1 net profit zooms 166.50% at Rs 76.14 cr
Greenpanel Industrie Q1 net profit zooms 166.50% at Rs 76.14 cr
Source: Dion Global Solutions Ltd
22/07/2022 4:23:15 PM
Buy Greenpanel Industries Ltd For Target Rs.513 - Yes Securities Upgrade target price to Rs513, Reiterate BUY! Our view Greenpanel Industries Ltd (GIL) reported a strong set of numbers despite facing plant shutdown of 43days at their north location during Q3FY22. Higher MDF prices  (43.7% YoY & 18.7% QoQ) cushioned the impact of volume decline. We reckon with debottleneck exercise company will be adding ~120,000cbm capacities, which will enable them to cater the incremental MDF demand over FY23‐FY24E. Company is confident that MDF price...
Buy Greenpanel Industries Ltd For Target Rs.513 - Yes Securities
Buy Greenpanel Industries Ltd For Target Rs.513 - Yes Securities
Source: Yes Securities Ltd
28/01/2022 10:07:40 AM
Greenpanel Industries zooms on resuming manufacturing operations at MDF Plant Greenpanel Industries is currently trading at Rs. 415.75, up by 10.70 points or 2.64% from its previous closing of Rs. 405.05 on the BSE. The scrip opened at Rs. 408.00 and has touched a high and low of Rs. 418.55 and Rs. 401.10 respectively. So far 13419 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 435.25 on 14-Dec-2021 and a 52 week low of Rs. 114.00 on 28-Dec-2020. Last one week high and low of the scrip s...
Greenpanel Industries zooms on resuming manufacturing operations at MDF Plant
Greenpanel Industries zooms on resuming manufacturing operations at MDF Plant
Source: Accord Fintech
27/12/2021 1:37:49 PM
Buy Greenpanel Industries Ltd : Continues to deliver strong growth - Yes Securities Buy Greenpanel Industries Ltd For Target Rs.400 Continues to deliver strong growth! Our view Greenpanel Industries Ltd (GIL) reported robust growth in Q2FY22 backed by strong volume growth in MDF which grew by 70%YoY coupled with 23%YoY growth in plywood volumes. GIL reported stellar EBITDA margins of 31.4% for MDF division and 13.6% for plywoods. During the quarter company undertook price hikes to mitigate the rise in input cost. MDF realizations improved by 17%YoY & 9%QoQ to Rs...
Buy Greenpanel Industries Ltd : Continues to deliver strong growth - Yes Securities
Buy Greenpanel Industries Ltd : Continues to deliver strong growth - Yes Securities
Source: Yes Securities Ltd
18/11/2021 11:22:37 AM
Buy Greenpanel Industries Ltd For Target Rs.400 - Yes Securities Continues to deliver strong growth! Our view Greenpanel Industries Ltd (GIL) reported robust growth in Q2FY22 backed by strong volume growth in MDF which grew by 70%YoY coupled with 23%YoY growth in plywood volumes. GIL reported stellar EBITDA margins of 31.4% for MDF division and 13.6% for plywoods. During the quarter company undertook price hikes to mitigate the rise in input cost. MDF realizations improved by 17%YoY & 9%QoQ to Rs24,446/cbm, wherein export/domestic realizations ca...
Buy Greenpanel Industries Ltd For Target Rs.400 - Yes Securities
Buy Greenpanel Industries Ltd For Target Rs.400 - Yes Securities
Source: Yes Securities Ltd
4/11/2021 9:47:18 AM
Buy Greenpanel Industries Ltd For Target Rs. 330 - Yes Securities Our view * Greenpanel Industries Ltd (GIL)’s Q1FY22 performance was impacted due to 2nd wave of COVID-19 in domestic markets. Plywood volumes witnessed sharp decline of 42.6% q/q in volume terms & 45.3% q/q in value terms. MDF segment witnessed 19% q/q degrowth in volume terms & 15.8% in value terms in Q1FY22. We believe with re-opening of economy in domestic markets, retail demand (68% of domestic volumes) should bounce back. * We continue to remain bullish on the company...
Buy Greenpanel Industries Ltd For Target Rs. 330 - Yes Securities
Buy Greenpanel Industries Ltd For Target Rs. 330 - Yes Securities
Source: Yes Securities
29/07/2021 9:38:21 AM
Buy Greenpanel Industries Ltd For Target Rs.350 - ICICI Securities Strong growth momentum sustains We remain positively surprised with management assertion of sustainability / improvement over an impressive Q4FY21 volume/margin delivery into FY22, which paves the way for an impressive execution opportunity (excluding probable near-term covid impact) over the next couple of years. As far as Q4FY21 was concerned, Greenpanel Industries (GNPL) sustained its overall growth momentum across all parameters – volumes, realisations, margins and cashflow gene...
Buy Greenpanel Industries Ltd For Target Rs.350 - ICICI Securities
Buy Greenpanel Industries Ltd For Target Rs.350 - ICICI Securities
Source: ICICI Securities Ltd
22/05/2021 12:15:19 PM
Buy Greenpanel Industries Ltd For Target Rs.330 - Yes Securities Our View: * Greenpanel reported stellar numbers for the quarter and it seems as if outperformance is the new normal for the company. Revenues stood at Rs 3,888 Mn (up by 63.5% y/y), which was 7% above our estimates. MDF division (78% of total revenue) reported humongous volume/revenue growth of 54.4%/70% y/y respectively. Plywood segment also registered very strong volume/revenue growth of 58%/65% y/y respectively. * Company’s EBITDA margins continue to scale upwards as it stood a...
Buy Greenpanel Industries Ltd For Target Rs.330 - Yes Securities
Buy Greenpanel Industries Ltd For Target Rs.330 - Yes Securities
Source: Yes Securities Ltd
17/05/2021 12:01:05 PM
Buy Greenpanel Industries Ltd For Target Rs. 350 - ICICI Securities Incremental tailwinds on offer We expect Greenpanel Industries (GNPL) to continue to post strong earnings growth in near-to-medium term on the back of incremental tailwinds arising from the recent developments: 1) Recommendation of anti-dumping duty (ADD) on thin MDF from Thailand, Indonesia, Vietnam and Malaysia and 2) delay in commissioning of Rushil Décor’s greenfield MDF plant in South India due to the recent call back of professional manpower by its machinery supplier (fr...
Buy Greenpanel Industries Ltd For Target Rs. 350 - ICICI Securities
Buy Greenpanel Industries Ltd For Target Rs. 350 - ICICI Securities
Source: ICICI Securities Ltd
14/05/2021 11:41:09 AM
Buy Green Panel Industries Ltd For Target Rs.300 - ICICI Securities Second Covid wave – likely a blessing in disguise We expect Greenpanel Industries (GNPL) to continue to post strong earnings growth in near-to-medium term driven by a) increasing demand for modular furniture particularly post Covid; b) possible import substitution with likely imposition of anti-dumping duty on thin MDF and CVD on all MDF imports into India and c) delay in incremental capacity addition by top MDF players. Despite fresh worries of Covid cases increasing in the country...
Buy Green Panel Industries Ltd For Target Rs.300 - ICICI Securities
Buy Green Panel Industries Ltd For Target Rs.300 - ICICI Securities
Source: ICICI Securities Ltd
12/04/2021 11:15:57 AM
Buy Greenpanel Industries Ltd : Robust demand scenario persists in MDF segment; upgrade TP to Rs 268 - Yes Securities Buy Greenpanel Industries Ltd For Target Rs.268 Robust demand scenario persists in MDF segment; upgrade TP to Rs 268. As per our latest channel checks, demand scenario of domestic MDF industry continues to be robust on the back of (1) rapid displacement of low end plywood by MDF, (2) drying up of imports due to ocean freight bottlenecks (15-20% of domestic demand was met by imports) and (3) aggressive product penetration strategies by larger players. Further, pick-up of online sales in...
Buy Greenpanel Industries Ltd : Robust demand scenario persists in MDF segment; upgrade TP to Rs 268 - Yes Securities
Buy Greenpanel Industries Ltd : Robust demand scenario persists in MDF segment; upgrade TP to Rs 268 - Yes Securities
Source: Yes Securities Ltd
8/04/2021 12:25:11 PM
Buy Greenpanel Industries Ltd For Target Rs.230 - Yes Securities Exuberant performance Valuation and Outlook   * Greenpanel Industries delivered an exuberant performance during Q3FY21 showcasing its top notch execution qualities with a beat on all fronts. Company’s MDF division witnessed phenomenal volume growth of 43.2% y/y on the back of (1) 20‐25% MDF industry growth led by pick‐up in usage of ready made furniture and displacement of low end plywood by MDF combined with (2) aggressive product penetration strategies as the company ...
Buy Greenpanel Industries Ltd For Target Rs.230 - Yes Securities
Buy Greenpanel Industries Ltd For Target Rs.230 - Yes Securities
Source: Yes Securities Ltd
28/01/2021 10:49:07 AM