Angel Broking's research report on Greenply Industries
Greenply Industries Ltd (GIL) manufactures plywood & allied products and medium density fibreboards (MDF). GIL offers a portfolio of residential and commercial products comprising plywood & block boards, MDF, wood floors, flush doors and decorative veneers. GIL offers wood floors under the brand name Green Floormax.
Outlook
At the current market price of `340, the stock trades at PE of 23.3x its FY2020E EPS of `14.6. We initiate coverage on GIL with Buy recommendation and Target Price of `395 (27x FY20E EPS), indicating an upside of ~16% from the current levels.
For all recommendations report, click here
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