Plywood margin can move to 11.5-12% going ahead: Greenply Industries

Greenply Industries is in focus after ICICI Securities upgrade the stock to high conviction buy from hold. In an interview with CNBC-TV18, V Venkatramani, CFO of Greenply Industries discussed this and more.

Present capacity in Medium-density Fibreboard (MDF) is 1.80 lakh cubic meters and we are adding another 3.60 lakh cubic meters so in that sense we are tripling capacity from 1.80 lakh cubic meters to 5.40 lakh cubic meters, he said.

We are also doubling our capacity in decorative veneers with a new plant in Gujarat, he added.

We have lost some market share in plywood but we have improved margins there, said Venkatramani.