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    HomeNewsBusinessStocksHold Greenply Industries; target of Rs 375: Anand Rathi

    Hold Greenply Industries; target of Rs 375: Anand Rathi

    Anand Rathi recommended hold rating on Greenply Industries with a target price of Rs 375 in its research report dated November 07, 2024.

    Broker Research
    November 11, 2024 / 12:27 IST
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    Anand Rathi's research report on Greenply Industries

    Greenply’s revenue/gross profit/EBITDA grew 12.8/12.3/19.2% y/y to Rs6.4bn/2.5bn/576m, though adj. PAT was 6.1% lower y/y at Rs176m. Higher input costs trimmed the gross margin 18bps y/y to 39.1%, but economies of scale pulled up the EBITDA margin 48bps y/y to 9%.

    Outlook

    We arrive at a 12-mth TP of Rs375, 20x FY27e earnings (earlier Rs230, 15x FY24e earnings).

    For all recommendations report, click here

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

    Greenply Industries - 11112024 - anand

    Broker Research
    first published: Nov 11, 2024 12:27 pm

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