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Near-term demand outlook tepid, medium-term healthy Woodpanel companies under our coverage reported a tepid Q1FY24 and we expect near-term headwinds to persist due to rising wood cost. We however remain optimistic about demand in the medium term due to continued uptick in the real estate sector and increased acceptance of readymade furniture. MDF imports continue to be elevated with an average monthly run-rate of ~23,290te in Q1FY24 (close to historical highs of FY18). This is expected to ...
Wood Sector Update : Near-term demand outlook tepid, medium-term healthy By ICICI Securities
Dhabriya Polywood is currently trading at upper limit of Rs. 322.50, up by 6.30 points or 1.99% from its previous closing of Rs. 316.20 on the BSE. The scrip opened at Rs. 322.50 and has touched a high and low of Rs. 322.50 and Rs. 322.50 respectively. So far 3545 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 322.50 on 23-Aug-2023 and a 52 week low of Rs. 87.65 on 20-Oct-2022. Last one week high and low of t...
Dhabriya Polywood touches roof as its arm receives work order from DLF Group
Century Plyboards (Century) reported a weak quarter with revenue being flat YoY (-8% QoQ, +11% 4-year CAGR) while EBITDA/PAT declined 13%/16% YoY respectively. Demand momentum was weak, particularly in Apr’23, leading to weak growth in volume for Ply (+2% YoY /-14% QoQ) and MDF (+6% YoY; +4% 4yr CAGR) while Laminate volume was flat YoY. Timber prices remained high; however, that was offset by softening in key chemical prices, leading to gross margin expanding by 20bps YoY/30bps QoQ to 4...
Buy Century Plyboards Ltd For Target Rs.710 - JM Financial Institutional Securities Ltd
Muted quarter, growth to pick up from 2HFY24E Century Plyboards (CPBI) reported YoY flat consolidated revenue growth in Q1FY24. Plywood / laminates / MDF revenues grew 3.1% / (-4.7)% / 7.2% YoY with volumes being flat / flat / +5.9% YoY (4-year CAGR of 8.8% / 6.9% / 3.9%), respectively. Consolidated EBITDA margin fell 116bps YoY (-202bps QoQ) to 14.9%, primarily due to lower profitability in laminate and MDF segments, resulting in EBITDA / APAT decline of 7.0% / 5.8% YoY. Plywood margin ex...
Buy Century Plyboards Ltd For Target Rs.740 - ICICI Securities
Dhabriya Polywood is currently trading at Rs. 256.00, up by 3.05 points or 1.21% from its previous closing of Rs. 252.95 on the BSE. The scrip opened at Rs. 252.95 and has touched a high and low of Rs. 256.00 and Rs. 248.50 respectively. So far 1900 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 270.50 on 28-Jul-2023 and a 52 week low of Rs. 87.65 on 20-Oct-2022. Last one week high and low of the scripa stood...
Dhabriya Polywood rises on bagging work order worth Rs 9.93 crore
Dhabriya Polywood is currently trading at Rs. 267.80, up by 9.85 points or 3.82% from its previous closing of Rs. 257.95 on the BSE. The scrip opened at Rs. 257.95 and has touched a high and low of Rs. 270.50 and Rs. 255.00 respectively. So far 18017 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 270.50 on 28-Jul-2023 and a 52 week low of Rs. 87.65 on 20-Oct-2022. Last one week high and low of the scrip stood...
Dhabriya Polywood zooms on receiving work order worth Rs 7.87 crore
Dhabriya Polywood is currently trading at Rs. 236.10, up by 5.00 points or 2.16% from its previous closing of Rs. 231.10 on the BSE. The scrip opened at Rs. 229.00 and has touched a high and low of Rs. 238.30 and Rs. 229.00 respectively. The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 257.00 on 20-Jul-2023 and a 52 week low of Rs. 87.65 on 20-Oct-2022. Last one week high and low of the scrip stood at Rs. 257.00 and Rs. 227.10 respectively...
Dhabriya Polywood jumps on receiving work order worth Rs 8.25 crore
Greenlam Industries is currently trading at Rs. 440.00, up by 36.85 points or 9.14% from its previous closing of Rs. 403.15 on the BSE. The scrip opened at Rs. 403.00 and has touched a high and low of Rs. 446.40 and Rs. 403.00 respectively. So far 787 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 446.40 on 09-Jun-2023 and a 52 week low of Rs. 280.00 on 03-Oct-2022. Last one week high and low of the scrip stood...
Greenlam Industries soars as its arm commences commercial production of Plywood and Allied products
Newer capacities to accelerate growth! Result Synopsis Greenlam Industries Ltd (GRLM) posted a decent topline growth of 15%YoY & 6%QoQ driven by 17%YoY & 10%QoQ volume growth in laminates biz (92% of topline). ASP for laminates came in at Rs1,008/sheet as compared to Rs1,012/Rs1,030 in Q4FY22/Q3FY23 respectively. Higher operating leverage & lower advertisement spends during Q4FY23 enabled company to register better than expected operating margins which came in at 13.9% Vs 11...
Neutral Greenlam Industries Ltd For Target Rs.354 -Yes Securities
Century Plyboards (Century) reported a strong quarter. Revenue/ EBITDA was 8%/29% above JMFe respectively. Revenue grew 7% YoY (+10% QoQ, +13% 4-year CAGR) mainly led by Ply (+19% YoY /18% QoQ) while MDF/ Laminates/ PB reported a decline of 1%/ 6%/20% YoY (+21%/ 7%/11% 4-year CAGR). Core plywood volume growth surprised positively with significant 15% growth YoY (+13% QoQ, 11% above JMFe) while realisation too improved 6% YoY (+4% QoQ) on account of price hike and product mix. MDF volume decli...
Buy Century Plyboards Ltd For Target Rs.670 - JM Financial Institutional Securities Ltd
Result Synopsis Century Plyboards Ltd (CBPI), registered decent revenue growth of 7%YoY & 9%QoQ to Rs9.65Bn. Plywood biz (59% revenue), grew by 19%YoY & 18%QoQ, Laminates (17% of biz), registered muted sequential growth & declined by 5.8%YoY. MDF (17% of revenue), declined 3%QoQ & remained flattish YoY. Particle boards segment declined by 20%YoY & 3%QoQ. Margins were a big beat Vs our estimates, which came in at 17% as compared to 17.8%/14.6% in Q4FY22/Q3FY23 respect...
Buy Century Plyboards Ltd For Target Rs.685 - Yes Securities
Dhabriya Polywood is currently trading at Rs. 167.95, up by 6.20 points or 3.83% from its previous closing of Rs. 161.75 on the BSE. The scrip opened at Rs. 166.95 and has touched a high and low of Rs. 168.00 and Rs. 162.15 respectively. So far 2613 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 178.85 on 25-Apr-2023 and a 52 week low of Rs. 78.85 on 26-May-2022. Last one week high and low of the scrip stood a...
Dhabriya Polywood surges as its arm bags work order worth Rs 5.15 crore
Wood panel companies’ performance in 3QFY23 was muted with median revenue /EBITDA growth of 3%/-15% respectively on account of subdued demand due to festivals and sluggishness in home improvement activity coupled with rising MDF and particle board imports. The plywood segment (volume grew 3-7% YoY) outperformed the MDF segment (volumes declined 2-14% YoY), after a very long time, as rising MDF imports (+40% QoQ) impacted domestic players’ sales volume while unorganised plywood man...
Wood Sector Update: Weak quarter; EBITDA margin guidance moderated - JM Financial Institutional Securities
Positive on long?term plan, recommend "BUY"! Result Synopsis Century Plyboards Ltd (CPBIL) reported a muted quarter wherein revenue increased by 3.4%YoY & declined by 2.7%QoQ. Benign demand scenario due to festive & marriage season during first two months of Q3FY23, dented company’s performance. Plywood biz (54% revenue), reported a 10%YoY growth & remained flat QoQ. Laminates segment (18% revenue), registered a growth of 5%YoY but degrew by 10%QoQ wherein vo...
Buy Century Plyboards Ltd For Target Rs.668 - Yes Securities
To cash in on the increasing demand for timber products in the market, the state should focus on tree plantation in addition to other crops, experts at a seminar organised by Kerala Plantation Directorate opined. "Tree planters should closely monitor the market demand to make the best use of Kerala's tree plantation options like timber, fuel wood, and high-value timbers. With the use of precise technology, high-quality Marayoor sandalwood, which has high demand in the world market...
Plant more trees to bolster Kerala plantation sector
Challenging outlook About the stock: Greenply Industries (GIL) is one the leading players in the plywood business in India. It has a distribution network of 2,350+dealers/authorised stockists pan-India. * It is foraying into the MDF boards business with manufacturing at Vadodara, Gujarat of 800 CBM/day (capex of ~| 595 crore) with revenue potential of ~| 600-650 crore per annum, to be commissioned by May, 2023 Q3FY23 Results: GIL reported a muted performance. * T...
Hold Greenply Industries Ltd For Target Rs.155 - ICICI Direct
The Indian Wood Products Company is currently trading at Rs. 27.50, up by 0.25 points or 0.92% from its previous closing of Rs. 27.25 on the BSE. The scrip opened at Rs. 28.00 and has touched a high and low of Rs. 28.00 and Rs. 27.25 respectively. So far 1104 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 45.95 on 04-Feb-2022 and a 52 week low of Rs. 23.10 on 16-Nov-2022. Last one week high and low of the scrip...
Indian Wood Products rises on entering into MoU with Commercial Motors
Buy Greenply Industries Ltd For Target Rs.224 Steady performance in plywood, Gabon to witness headwinds. Maintain BUY! Result Synopsis Greenply Industries Ltd (GPL) reported better than expected numbers in Q2FY23 wherein revenue grew by 14.4%YoY & 9%QoQ, driven by volume growth of 7%YoY & 6%QoQ coupled with realization growth of 6%YoY & 2.5%QoQ. During the quarter, company commenced their Sandila facility which supported company’s volume growth. EBITDA ma...
Greenply Industries Ltd : Steady performance in plywood, Gabon to witness headwinds. Maintain BUY - 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
Near-term demand headwinds We recently interacted with the management of Century Plyboard (CPBI) who indicated that demand has been tepid Q3-TD with Dec’22 likely to be the decisive month for the quarter. MDF brownfield expansion at Hoshiarpur (Punjab) is likely to be commissioned by end-Dec’22 (earlier guidance was Nov’22) and management expects to start its ramp-up from mid-Q4. Company has taken no material price increases across segments in Q3-TD as raw material pressu...
Buy Century Plyboards Ltd For Target Rs.775 - ICICI Securities
Steady quarter; guidance intact The performance of wood panel companies was steady in 2QFY23 with a median Revenue/EBITDA growth of 14%/12% YoY (21%/25%, 3-year CAGR) respectively on the back of sustained demand momentum for home improvement, and continued market share gains from unorganised players who continue to struggle with cost inflation and procurement of key raw materials (timber prices have increased c. 10% since Apr’22). Within wood panels, the MDF segment continued to outp...
India Wood Panels Sector Update: Steady quarter; guidance intact - JM Financial Institutional Securities
Newer capacities to accelerate growth! Result Synopsis Century Plyboards Ltd (CPBIL) registered highest ever quarterly revenue of Rs9.08Bn, registering a 11.7%YoY growth & benign 2% sequential growth. Company’s plywood division (53% of revenue), reported 9%YoY & 2.5%QoQ growth. Laminates (19% of revenue) revenue stood at Rs1.74Bn, a growth of 7.3%YoY & 7.5%QoQ. MDF biz (17% of revenue) reported a 28%YoY growth & remained flat as compared to previous quarter. Partic...
Add Century Plyboards Ltd For Target Rs.691 - Yes Securities
Estimates beaten, healthy performance to continue; maintaining a Buy Greenlam’s Q2 revenue, EBITDA and PAT grew respectively 14%, 17% and 41% y/y to Rs5,180m, Rs537m and Rs292m, 4.3%/6.4% ahead of ARe revenue/PAT. Slight relief in input costs and from the product-mix change expanded the gross margin 104bps y/y to 44.6%. Higher other operating expenses restricted the EBITDA margin expansion to 10.4%. PAT grew a significant 41% y/y, led by higher other income and lower tax expense. ...
Greenlam Industries : Estimates beaten, healthy performance to continue; maintaining a Buy - Anand Rathi Share and Stock Brokers Ltd
Steady performance, margins to remain under check! Result Synopsis Greenlam Industries Ltd (GIL), registered a steady topline growth of 14%YoY & 10%QoQ. Laminates revenue grew by 14%YoY & 9.5%QoQ wherein volumes declined by 10%YoY & grew by 3.4%QoQ while realizations improved by 21%YoY & 5.6%QoQ. Other segment’s revenue reported a growth of 18.4%YoY & 15.7%QoQ to Rs468Mn. During the quarter Veneers/Floors/Door segment operated at capacity utilization of 37%/17%...
Neutral Greenlam Industries Ltd For Target Rs.352 -Yes 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
Century Plyboards (CPBI) reported standalone revenue growth of 11.4% YoY in Q2FY23 (3-year CAGR of 15.2%), in line with expectation. Standalone operating margin decreased 314bps YoY (+26bps QoQ) due to higher raw material costs as gross margin declined 239bps YoY, resulting in EBIDTA decline of 6.2% YoY. Management expects demand to remain healthy going ahead driven by uptick in real estate market, and indicated margins are sustainable with possible upward bias led by easing of raw material c...
Buy Century Plyboards Ltd For Target Rs.775 - ICICI Securities
Decent show, H2 performance to be better; maintaining a Buy Century Plyboards’ Q2 FY23 results were healthy, with adj EBITDA and PAT ahead of ARe. Revenue, adj. EBITDA and adj. PAT rose 11.7%, 6.8% and 28.7% y/y respectively to Rs9.1bn, Rs1.7bn and Rs1.3bn. Revenue growth was supported by all segments expect for containerfreight-station services. Input cost pressures continued to drag on the gross margin and hurt profitability. Adjusting for an asset write-off (Myanmar subsidiary) an...
Century Plyboards Ltd : Decent show, H2 performance to be better; maintaining a Buy - Anand Rathi Share and Stock Brokers
Steady quarter; RM cost and Gabon to impact profitability Greenply Industries (Greenply) posted a beat on Revenue (7%/11% above JMFe/ Consensus) and EBITDA (16%/25% above JMFe/ Consensus) largely led by Gabon (easing of supply chain). However, this was offset by higher depreciation and interest expense (refinancing of debt in Gabon in local currency at a higher rate). Plywood volume grew 7% YoY (+6% QoQ/+4% on 3-year CAGR; 2% above JMFe) to 17msm and the management expects a similar run ra...
Buy Greenply Industries Ltd For Target Rs.224 - JM Financial Institutional Securities
Margin headwinds to persist in near-term Greenply Industries (MTLM) reported better than expected consolidated revenue growth of 14.4% YoY with standalone India plywood business growing at 14.8% YoY (3-yr CAGR of 7.7%) aided by volume growth of 6.9% YoY (3-yr CAGR of 3.9%) on a high base YoY. Consolidated operating margin declined 161bps YoY (+104bps QoQ on improved product mix) to 9.9% primarily due to higher employee cost (+117bps) resulting in EBIDTA decline of 1.6% YoY. Management was ...
Buy Greenply Industries Ltd For Target Rs.266 - ICICI Securities
Margins disappoint… About the stock: Greenply Industries (GIL) is one the leading players in the plywood business in India. It has a distribution network of 2,350+dealers/authorised stockists pan-India. * It is foraying into the MDF boards business with greenfield manufacturing at Vadodara, Gujarat of 800 CBM/day (capex of ~| 555 crore) with revenue potential of ~| 600-650 crore per annum, to be commissioned by Q4FY23 Q2FY23 Results: GIL reported a soft performance on margins ...
Hold Greenply Industries Ltd For Target Rs.195 - ICICI Direct Ltd
Rushil Decor is currently trading at Rs. 479.30, up by 2.05 points or 0.43% from its previous closing of Rs. 477.25 on the BSE. The scrip opened at Rs. 483.00 and has touched a high and low of Rs. 486.40 and Rs. 479.00 respectively. So far 1065 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 675.00 on 13-Sep-2022 and a 52 week low of Rs. 240.65 on 21-Oct-2021. Last one week high and low of the scrip stood at Rs...
Rushil Decor rises on expanding global operations with setting up of MDF plant in Andhra Pradesh
Dhabriya Polywood is currently trading at Rs. 117.40, up by 1.00 points or 0.86% from its previous closing of Rs. 116.40 on the BSE. The scrip opened at Rs. 119.10 and has touched a high and low of Rs. 119.10 and Rs. 117.40 respectively. So far 704 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 137.40 on 08-Aug-2022 and a 52 week low of Rs. 67.60 on 12-Oct-2021. Last one week high and low of the scrip stood at...
Dhabriya Polywood moves up on commencing manufacturing of uPVC Doors & Windows
Wood panel companies under our coverage reported healthy revenue growth in Q1FY23 aided by continued uptick in the housing market, shift of market from unorganised to organised sector, and wider acceptance of readymade furniture, which has driven demand for the MDF segment. Plywood companies (CPBI, MTLM) reported revenue growth of 113%/85% YoY (3-year CAGR of 14.6%/8.9%) and volume growth of 105.9%/79.4% YoY (3- year CAGR of 12%/5.7%) aided by a tepid base. MDF players (GREENP, CPBI) reported...
Wood Sector Update: Demand to remain healthy; margins in plywood to improve - ICICI Securities
We attended the Matecia Building material exhibition, in which 70 plywood and MDF, 50 laminates, and five deco veneers companies from the wood panel industry participated. This was an interesting expo, as it showed the growing desire for home improvement/upgradation in India. Our key takeaways from the exhibition are – a) Mid-size and regional plywood brands (such as Archid, Austin, Duro, Virgo, etc.) are focusing on brand building, adding new products and expanding distribution network...
India Wood Panels Sector Update: Demand momentum recovering - JM Financial Institutional Securities
Demand trend remains steady Our recent interaction with dealers and industry players indicates that in the ongoing Q2FY23 (Jul-Sep’22), demand trends remain steady in the wood panel sector led by continuous momentum in the residential market and higher spending on home improvement post the pandemic. We believe demand will continue to remain healthy going ahead (post the festival season, too) as underlying drivers are intact. In the ongoing quarter (Q2FY23), Century Plyboards (CPBI) h...
Add Century Plyboards Ltd For Target Rs.750 - ICICI 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
Century Plyboards’ (Century) Revenue/ EBITDA /PBT was 13%/8%/8% above JMFe respectively. Core plywood volume grew 14% (3-year CAGR) on the back of a pick-up in real estate absorption and market share gains while MDF volume posted 3% CAGR in volume due to capacity constraints (CU@98% in 1Q). Gross margin contracted 150bps QoQ on RM cost inflation (timber and chemical costs in plywood and laminate segment respectively) while EBITDA margin shrank 130bps on account of higher A&P spend a...
Buy Century Plyboards Ltd For Target Rs.790 - JM Financial Institutional Securities Ltd
Company Background Century Plyboards (India) Ltd (CPIL), promoted by Mr. Sajjan Bhajanka, Mr. Sanjay Agarwal and Late Mr. H P Agarwal, is India’s largest manufacturer of plywood with ~25% of organised market share. It has a production capacity of 300,000 CBM plywood; 8.77 mn units laminate sheets, 54,000 CBM particle boards and 600 CBM/day Medium Density Fibre Board (MDF) spread across 13 manufacturing units in India and abroad. It also has two Container Freight Stations (CFS) near K...
Century Plyboards Ltd For Target Rs.472 - SKP Securities
Rising Enhanced capacity to drive volume and better product-mix to drive value: SIL has just completed its capacity expansion program under which the company has doubled its capacity from 1,05,000 TPA to 2,05,000 TPA by investing Rs.500 cr. The new capacity commenced production in February, 2022 and already achieved capacity utilization of 63% by end of March, 2022. Furthermore, the new capacity has capabilities to produce higher GSM paper which is likely to drive the margins up. Backward ...
Buy Satia Industries Ltd For Target Rs. 160 - Sushil Finance
Greenlam Industries is currently trading at Rs. 366.90, up by 10.75 points or 3.02% from its previous closing of Rs. 356.15 on the BSE. The scrip opened at Rs. 367.05 and has touched a high and low of Rs. 377.00 and Rs. 361.30 respectively. So far 8529 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 415.90 on 19-Apr-2022 and a 52 week low of Rs. 250.00 on 20-Aug-2021. Last one week high and low of the scrip stoo...
Greenlam Industries zooms on commencing commercial production at laminate manufacturing facility in Gujarat
Steady growth, margins under pressure! Our view and valuation Greenply Industries Ltd (GPIL) reported a decent quarter wherein consolidated revenues increased by 74%YoY & remained flattish as compared to Q4FY22. Standalone revenue declined marginally by 5% sequentially while Gabon operations witnessed robust growth over similar period. Standalone volumes degrew by 6% & ASP expanded by 2% in Q1FY23 Vs Q4FY22 while Gabon’s volumes improved from 7,191cbm in Q4FY22 to 13,204cb...
Buy Greenply Industries Ltd For Target Rs.224- Yes Securities Ltd
The company reported standalone net profit of Rs 20.12 crore for the quarter ended June 30, 2022 as compared to Rs 14.91 crore in the same period last year, registering a year-on-year growth of 34.94 per cent. Net revenue of the company rose substantially by 40.62 per cent at Rs 430.64 crore in April-June quarter of this fiscal as against Rs 306.25 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 41.95 per cent to Rs 387.47 crore from Rs ...
Greenlam Industries Q1 net profit up 34.94% at Rs 20.12 cr
Excellent quarter, demand buoyancy continues; upgrading to a Buy Beating our revenue/PAT estimates, Century Plyboards’ Q1 FY23 result was outstanding, though margins belied our expectation. Revenue/ EBITDA/PAT rose 94.3%/137.7%/194.3% y/y to Rs8,888m/Rs1,431m/ Rs923m. Strong traction was seen in all divisions (despite continuing input cost pressure), leading to greater offtake and better realisation y/y. Sequentially, laminate and medium-density fibreboard sales volumes and container...
Buy Century Plyboards Ltd For Target Rs.740 - Anand Rathi Share and Stock Brokers
Greenply Industries is currently trading at Rs. 172.30, up by 0.35 points or 0.20% from its previous closing of Rs. 171.95 on the BSE. The scrip opened at Rs. 173.00 and has touched a high and low of Rs. 173.75 and Rs. 171.20 respectively. So far 2795 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 254.25 on 08-Nov-2021 and a 52 week low of Rs. 161.10 on 24-Feb-2022. Last one week high and low of the scrip stood...
Greenply Industries rises as its arm commences commercial production of plywood, allied products
Century Plyboards (India) is currently trading at Rs. 512.30, up by 0.45 points or 0.09% from its previous closing of Rs. 511.85 on the BSE. The scrip opened at Rs. 520.00 and has touched a high and low of Rs. 525.55 and Rs. 511.80 respectively. So far 2421 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 749.00 on 23-Mar-2022 and a 52 week low of Rs. 352.25 on 30-Aug-2021. Last one week high and low of the scrip...
Century Plyboards inches up on making further investments of Rs 20.95 crore in Century Panels
Greenlam Industries is currently trading at Rs. 321.55, up by 9.30 points or 2.98% from its previous closing of Rs. 312.25 on the BSE. The scrip opened at Rs. 312.00 and has touched a high and low of Rs. 324.95 and Rs. 311.90 respectively. So far 1209 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 415.90 on 19-Apr-2022 and a 52 week low of Rs. 231.00 on 23-Jun-2021. Last one week high and low of the scrip stood...
Greenlam Industries spurts on executing share subscription agreement with Smiti Holding and Trading Company
Greenlam Industries is currently trading at Rs. 318.65, up by 20.40 points or 6.84% from its previous closing of Rs. 298.25 on the BSE. The scrip opened at Rs. 296.90 and has touched a high and low of Rs. 331.15 and Rs. 286.90 respectively. So far 10577 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 415.90 on 19-Apr-2022 and a 52 week low of Rs. 225.48 on 21-Jun-2021. Last one week high and low of the scrip sto...
Greenlam Industries jumps on getting nod to raise Rs 195 crore
India Wood Panels Momentum sustains; guidance intact Wood panel companies delivered 2-24% growth in volume (3-year CAGR basis) on the back of robust underlying demand from the real estate sector and home improvement activity. The MDF segment (c.11-24% 3-year CAGR in revenue) continued to outperform the ply/laminate segment (3-14% 3-year CAGR) led by a) steady demand from the OEM segment (c.35-40% of industry), b) distribution expansions, c) increasing applications/ acceptance, and d) su...
Wood Sector Update -Momentum sustains; guidance intact By JM Financial Institutional Securities
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