Moneycontrol PRO
UPCOMING EVENT:Special webinar on Highlights of global investing in 2021 and what lies ahead' at 2 pm on 21st January, 2022. Register Now!
you are here: HomeNewsBusiness

Hold Greenply Industries: target of Rs 250: ICICI Direct

ICICI Direct recommended hold rating on Greenply Industries with a target price of Rs 250 in its research report dated November 11, 2021.

November 11, 2021 / 10:53 AM IST
  • bselive
  • nselive
Todays L/H

ICICI Direct's research report on Greenply Industries

Greenply Industries (GIL) is one of the leading players in the plywood business in India. It has a distribution network of 2,300+dealers/authorised stockists pan-India. It is foraying into the MDF boards business with greenfield manufacturing set-up at Vadodara, Gujarat of 800 CBM/day (capex of ~Rs 555 crore) with revenue potential of ~Rs 600-650 crore per annum at its peak utilisation


We maintain our HOLD rating on the company We value GIL at Rs 250/share (at 24x FY23E P/E)

For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Nov 11, 2021 10:53 am

stay updated

Get Daily News on your Browser
ISO 27001 - BSI Assurance Mark