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Woodpanel Sector Update : Reiterating GREENPLY as top BUY By Yes Securities Ltd Woodpanel demand to improve from hereon: In Q2FY25, we witnessed initial greenshoots in demand recovery, wherein volume growth was respectable for all categories viz. Plywood, MDF (domestic), & Laminates. However, during the quarter, elevated timber costs, increased domestic competition, and higher freight cost kept margins under pressure. Going ahead, we believe the demand should accelerate, given the “handover” of the large real-estate inventory to end user is due over FY26E...
Woodpanel Sector Update : Reiterating GREENPLY as top BUY By Yes Securities Ltd
Woodpanel Sector Update : Reiterating GREENPLY as top BUY By Yes Securities Ltd
Source: Yes Securities Ltd
2024-12-04 04:27:52 pm
Dhabriya Polywood climbs on bagging work order worth Rs 5.66 crore from Radiance Realty Group Dhabriya Polywood is currently trading at Rs. 267.50, up by 13.00 points or 5.11% from its previous closing of Rs. 254.50 on the BSE. The scrip opened at Rs. 262.95 and has touched a high and low of Rs. 270.00 and Rs. 258.60 respectively. So far 8648 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 428.00 on 23-Nov-2023 and a 52 week low of Rs. 108.05 on 10-Apr-2023. Last one week high and low of the scrip stood...
Dhabriya Polywood climbs on bagging work order worth Rs 5.66 crore from Radiance Realty Group
Dhabriya Polywood climbs on bagging work order worth Rs 5.66 crore from Radiance Realty Group
Source: Accord Fintech
2024-04-01 01:01:33 pm
Oriental Rail Infrastructure soars on securing orders worth Rs 12.80 crore Oriental Rail Infrastructure is currently trading at Rs. 278.00, up by 5.70 points or 2.09% from its previous closing of Rs. 272.30 on the BSE. The scrip opened at Rs. 277.80 and has touched a high and low of Rs. 279.00 and Rs. 274.00 respectively. So far 79657 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 302.40 on 08-Jan-2024 and a 52 week low of Rs. 33.50 on 04-May-2023. Last one week high and low of the s...
Oriental Rail Infrastructure soars on securing orders worth Rs 12.80 crore
Oriental Rail Infrastructure soars on securing orders worth Rs 12.80 crore
Source: Accord Fintech
2024-02-26 11:05:12 am
Oriental Rail Infrastructure touches roof on securing order worth Rs 12.14 crorev Oriental Rail Infrastructure is currently trading at upper circuit limit of Rs. 184.40, up by 8.75 points or 4.98% from its previous closing of Rs. 175.65 on the BSE. The scrip opened at Rs. 184.40 and has touched a high and low of Rs. 184.40 and Rs. 184.40 respectively. So far 42866 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 184.40 on 18-Dec-2023 and a 52 week low of Rs. 33.50 on 04-May-2023. Last one week...
Oriental Rail Infrastructure touches roof on securing order worth Rs 12.14 crorev
Oriental Rail Infrastructure touches roof on securing order worth Rs 12.14 crorev
Source: Accord Fintech
2023-12-18 09:54:00 am
Online furniture brand Pepperfry registers Rs 188 cr losses in FY23 Online furniture brand Pepperfry registered Rs 188 crore in losses in FY23, down just 3 per cent from Rs 194 crore losses in FY22. Pepperfry has been witnessing slow growth in the last few fiscal years. The company was expected to file for an IPO during 2021 but delayed its plans, according to a report in Entrackr. The company logged Rs 272 crore in revenue from operations in FY23 from Rs 247 crore in FY22, according to its financial statements with the Registrar of Companies (RoC). ...
Online furniture brand Pepperfry registers Rs 188 cr losses in FY23
Online furniture brand Pepperfry registers Rs 188 cr losses in FY23
Source: IANS
2023-12-11 05:23:59 pm
Buy Greenply Industries Ltd For Target Rs.250 - Yes Securities Record plywood volumes, MDF turns EBITDA positive! Result Synopsis Greenply Industries Ltd (GIL) reported a healthy quarter wherein revenue grew by 23%YoY & 28%QoQ to Rs6.07Bn. Plywood biz reported record volumes of 19.1msm, registering a strong growth of 11%YoY & 17%QoQ (2-year CAGR stood at 10%), largely driven by higher growth in value segment which constitutes 43% of plywood sales Vs 37% in Q2FY23. Management reiterated their volume growth guidance of 8- 10% for plywood. Mar...
Buy Greenply Industries Ltd For Target Rs.250 - Yes Securities
Buy Greenply Industries Ltd For Target Rs.250 - Yes Securities
Source: Yes Securities Ltd
2023-12-09 12:18:55 pm
Buy Greenply Industries Ltd For Target Rs.250 - Yes Securities Record plywood volumes, MDF turns EBITDA positive! Result Synopsis Greenply Industries Ltd (GIL) reported a healthy quarter wherein revenue grew by 23%YoY & 28%QoQ to Rs6.07Bn. Plywood biz reported record volumes of 19.1msm, registering a strong growth of 11%YoY & 17%QoQ (2-year CAGR stood at 10%), largely driven by higher growth in value segment which constitutes 43% of plywood sales Vs 37% in Q2FY23. Management reiterated their volume growth guidance of 8- 10% for plywood. Mar...
Buy Greenply Industries Ltd For Target Rs.250 - Yes Securities
Buy Greenply Industries Ltd For Target Rs.250 - Yes Securities
Source: Yes Securities Ltd
2023-12-08 12:47:42 pm
Buy Greenply Industries Ltd For Target Rs.300 - JM Financial Institutional Securities Ltd Greenply Industries’ (Greenply) 2QFY24 performance was a beat on our and Street expectations (Revenue/ EBITDA was 27%/15% above JMFe), led by strong volume growth in the plywood segment (+12% YoY; 8% above JMFe) and significant ramp-up in MDF volume (CU at 52% in 2Q). Ply revenue grew 11% YoY to INR 4.8bn (+16% QoQ, 5% above JMFe) led by volume growth of 12% YoY while realisation declined 1% YoY (-1% QoQ, 2% below JMFe). The MDF unit in 2QFY24 (its 1st quarter of full operations) report...
Buy Greenply Industries Ltd For Target Rs.300 - JM Financial Institutional Securities Ltd
Buy Greenply Industries Ltd For Target Rs.300 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
2023-11-29 12:30:18 pm
Buy Century Plyboards Ltd For Target Rs.355 - Emkay Global Financial Century Ply’s Q2FY24 standalone EBITDA declined 7% YoY/increased 8% QoQ to Rs1.4bn, in line with our estimates. EBITDA margin slipped by 253bps YoY/54bps QoQ to 14.2%. Regarding MDF, with stabilization of the second line at Hoshiarpur, the management revised its H2FY24 growth target from 20% to 25%, given that margin is likely to remain stable/improve. The ongoing MDF & Laminates project at AP is on track for commissioning in FY24. We broadly maintain FY24E-26E EBITDA/EPS and revise...
Buy Century Plyboards Ltd For Target Rs.355 - Emkay Global Financial
Buy Century Plyboards Ltd For Target Rs.355 - Emkay Global Financial
Source: Emkay Global Financial Services
2023-11-24 11:59:30 am
Neutral Greenpanel Industries Ltd For Target Rs.346 - Yes Securities Multiple Headwinds to keep performance under check! Result Synopsis Greenpanel Industries Ltd (GREENP) registered a sluggish quarter wherein MDF volumes came in at 123,615cbm, a decline of 2%YoY & increased by 7%QoQ. Export volumes (27% of MDF vols), increased by 24%YoY & 21%QoQ, the sequential growth was on account of unbilled inventory at port in previous quarter. Domestic volumes (73% of MDF vols), declined by 9%YoY & improved marginally by 2%QoQ. Blended ASP contracted b...
Neutral Greenpanel Industries Ltd For Target Rs.346 - Yes Securities
Neutral Greenpanel Industries Ltd For Target Rs.346 - Yes Securities
Source: Yes Securities Ltd
2023-11-22 02:48:22 pm
Buy Greenpanel Industries Ltd For Target Rs. 410 - Emkay Global Greenpanel’s consol. EBITDA dropped 41% YoY (up 5% QoQ) to Rs691mn, with margin shrinking by 820bps YoY/up 30bps QoQ to 17.3%, broadly in line with our estimate. Volume for MDF de-grew 2% YoY to 123K CBM, with domestic volume falling 9% YoY due to significant rise in MDF imports and higher competitive intensity. Company resorted to higher exports (up 24% YoY) in a bid to boost utilization rate. Given subdued operational performance, the management has cut its MDF volume guidance to 3-5%...
Buy Greenpanel Industries Ltd For Target Rs. 410 - Emkay Global
Buy Greenpanel Industries Ltd For Target Rs. 410 - Emkay Global
Source: Emkay Global Financial Services
2023-11-09 11:19:44 am
Dhabriya Polywood zooms on bagging order worth Rs 9.35 crore Dhabriya Polywood is currently trading at Rs. 360.40, up by 7.05 points or 2.00% from its previous closing of Rs. 353.35 on the BSE. The scrip opened at Rs. 360.40 and has touched a high and low of Rs. 360.40 and Rs. 360.40 respectively. So far 547 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 407.20 on 13-Oct-2023 and a 52 week low of Rs. 102.45 on 28-Feb-2023. Last one week high and low of the scrip stood ...
Dhabriya Polywood zooms on bagging order worth Rs 9.35 crore
Dhabriya Polywood zooms on bagging order worth Rs 9.35 crore
Source: Accord Fintech
2023-11-07 01:44:43 pm
Buy Greenpanel Industries Ltd For Target Rs.420 - JM Financial Institutional Securities Greenpanel Industries’ (Greenpanel) 2QFY24 print was a 6%/12% miss on revenue/EBITDA respectively. MDF segment revenue declined 10% YoY (+4% QoQ, 2% below JMFe) led by fall in both volume (-2% YoY/ +7% QoQ, 5% below JMFe) and realisation (-8% YoY/-2% QoQ). Domestic volume (-9% YoY) was hit due to lower sales to OEMs, but export volume improved 24% YoY/ 21% QoQ. Despite growing competitive intensity, Greenpanel maintained its market leadership in the retail segment. On the profitability ...
Buy Greenpanel Industries Ltd For Target Rs.420 - JM Financial Institutional Securities
Buy Greenpanel Industries Ltd For Target Rs.420 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
2023-11-04 12:43:24 pm
Greenply Industries jumps on incorporating joint venture company Greenply Industries is currently trading at Rs. 161.90, up by 4.65 points or 2.96% from its previous closing of Rs. 157.25 on the BSE. The scrip opened at Rs. 160.35 and has touched a high and low of Rs. 164.30 and Rs. 159.05 respectively. So far 16462 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 185.00 on 27-Jun-2023 and a 52 week low of Rs. 133.85 on 02-Mar-2023. Last one week high and low of the scrip stoo...
Greenply Industries jumps on incorporating joint venture company
Greenply Industries jumps on incorporating joint venture company
Source: Accord Fintech
2023-10-27 03:55:46 pm
Rushil Decor trades higher on launching AI generated Television advertisement for VIR MDF Rushil Decor is currently trading at Rs. 292.60, up by 4.70 points or 1.63% from its previous closing of Rs. 287.90 on the BSE.The scrip opened at Rs. 289.30 and has touched a high and low of Rs. 301.30 and Rs. 289.20 respectively. So far 3460 shares were traded on the counter.The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 449.71 on 14-Oct-2022 and a 52 week low of Rs. 202.47 on 29-Mar-2023.Last one week high and low of the scrip stood at Rs. 301.30 and Rs. 272...
Rushil Decor trades higher on launching AI generated Television advertisement for VIR MDF
Rushil Decor trades higher on launching AI generated Television advertisement for VIR MDF
Source: Accord Fintech
2023-10-16 12:11:28 pm
Update on Greenply Industries Ltd By Yes Securities Ltd A. Cessations from board since March 2022: Nil\B. RemunerationIndustry Peer Metrics (in Rs. mn for FY21)C. Dividend Policy?D. Auditor TenurePlease refer disclaimer at https://yesinvest.in/privacy_policy_disclaimersSEBI Registration number is INZ000185632
Update on Greenply Industries Ltd By Yes Securities Ltd
Update on Greenply Industries Ltd By Yes Securities Ltd
Source: Yes Securities Ltd
2023-10-11 02:50:46 pm
Buy Greenpanel Industries Ltd For Target Rs. 440 - Emkay Global Our channel checks suggest that volume trajectory for the MDF segment is expected to remain weak in Q2FY24 owing to the subdued demand environment and sustained pressure of MDF imports (monthly run-rate: ~30K CBM). Timber prices in the southern region have further firmed up, with a likely 10% QoQ increase (+2% QoQ in Q1FY24), while having broadly stayed stable in the North. However, declining resin prices and lower marketing spends could provide some respite to margins in Q2FY24E. We co...
Buy Greenpanel Industries Ltd For Target Rs. 440 - Emkay Global
Buy Greenpanel Industries Ltd For Target Rs. 440 - Emkay Global
Source: Emkay Global Financial Services
2023-09-26 04:03:23 pm
Duroply Industries surges on the BSE Duroply Industries is currently trading at Rs. 179.30, up by 2.55 points or 1.44% from its previous closing of Rs. 176.75 on the BSE.The scrip opened at Rs. 178.50 and has touched a high and low of Rs. 181.90 and Rs. 173.30 respectively. So far 551 shares were traded on the counter.The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 250.00 on 08-Jun-2023 and a 52 week low of Rs. 101.00 on 28-Mar-2023.Last one week high and low of the scrip stood at Rs. 181.90 and Rs...
Duroply Industries surges on the BSE
Duroply Industries surges on the BSE
Source: Accord Fintech
2023-09-22 11:17:39am