Buy Greenply Industries; target of Rs 1070: GEPL Capital

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26 Aug, 2025 12:21

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GEPL Capital's report on Greenply IndustriesGreenply Industries Limited (GIL) is Assam based, India's largest interior infrastructure company. Company manufactures & markets Plywood & Medium-density fibreboard (MDF) with an installed capacity of 32.4mn sqm & 0.18mn cbm respectively. GIL has comprehensive product portfolio under brand names of Greenply Plywood, Green Club Premium Ply, Optima Red, Ecotec, Green Panelmax and Green Floormax, among others. Company has a presence in over 300 cities across 21 states serviced through a well-entrenched distribution network of 1,550 distributors and 10,000 retailers and 46 branches pan-India.Valuation"At CMP of Rs 910, Greenply Industries trades at 18 x its FY16E EPS. With GST implementation going ahead & robust product portfolio, company revenue & margins to improve in future. Management has guided for 10-12% revenue growth in FY16. We believe stock to trade at 21x its FY16E EPS of Rs 51.1. We assign a BUY rating on the stock with a target price of Rs 1,070, which implies 18% upside from current level", says GEPL Capital research report.

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