Earnings Call/Transcript
Greenply Industries Q2 FY27 Earnings Call Transcript
Greenply Industries filed the transcript of its October 30, 2026 earnings call covering Q2 and H1 FY27 financial and operating performance.
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Greenply Industries Ltd (GREENPLY) is currently trading at 266.00 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Greenply Industries manufactures and markets plywood and medium-density fibreboard, while also developing flooring, furniture hardware, chipboard, wallcoverings, and allied interior products. Its core positioning is built around branded, value-added interior materials distributed through a nationwide dealer and stakeholder network, supported by domestic manufacturing, selected overseas operations, and long-standing product innovation. Q2 FY27 consolidated revenue increased 16.1% year-on-year to INR799.7 crore, while core EBITDA margin expanded 300 basis points to 11.2%. The key earnings insight is that stronger premium plywood mix and operational efficiency offset sustained chemical-cost inflation, while MDF maintained a 15.2% margin despite pricing pressure and production disruptions caused by monsoon conditions and maintenance. Plywood growth is currently constrained by capacity rather than demand. Q2 volume rose 6.1%, but value grew 15.5% as premium products and TermiVax improved realizations; management expects more than 10% annual volume growth once Odisha and Sandila capacities become available, with self-manufacturing also replacing some outsourced production. Greenply is combining raw-material security with ESG through a validated agroforestry program spanning 2,300 hectares across Gujarat and Nagaland. More than 505 farmers have benefited, 256,688 carbon credits have been allotted, and the next phase targets 12,000 hectares, with the company emphasizing long-term farmer income and sustainable timber sourcing rather than material carbon-credit profits. The company is repositioning its portfolio toward premium and adjacent categories while reducing exposure to the loss-making furniture-fittings JV. HDF flooring began commercial production in July 2026, Pre-lam plywood is expected to launch commercially at scale in November, and a future low-capex chipboard line could complement MDF facilities.
Over the past 52 weeks, Greenply Industries Ltd has traded between a low of ₹178.05 and a high of ₹332.75. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Greenply Industries Ltd has a market capitalization of approximately 3,246.84. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Greenply Industries Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 25.83 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 3,246.84 Cr, Greenply Industries Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Greenply Industries Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Greenply Industries Ltd is 25.83. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Greenply said its plywood and MDF businesses need substantial capital expenditure, while the SAMET partner is planning about Rs 400 crore of additional investment. Management said Greenply’s balance sheet is not ready to support that expansion, leading it to choose minority ownership instead of remaining a 50-50 partner.
Greenply said competitive intensity was high in Q2 FY27, and the price increase taken in Q1 FY27 was more or less completely rolled back. Management said the rollback was the only reason for the sequential decline in MDF EBITDA margin.
Greenply reported Rs 133.98 crore of cash outflow for acquiring property, plant and equipment and capital work-in-progress in the six months ended 30 September 2026. The comparable outflow was Rs 55.70 crore in the six months ended 30 September 2025.
Greenply Industries plans to add 15.00 million square metres of annual capacity for plywood and allied products at Sandila in Uttar Pradesh. The disclosed target period for the addition is Q4 of FY2028.
Earnings Call/Transcript
Greenply Industries filed the transcript of its October 30, 2026 earnings call covering Q2 and H1 FY27 financial and operating performance.
Financial Results
Greenply Industries published newspaper notices for its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
Earnings Call/Transcript
Greenply Industries has shared the audio recording of its Q2 and H1 FY2027 earnings conference call held on October 30, 2026.
Regulatory/Compliance Filing
Greenply Industries approved MSKA & Associates LLP as statutory auditor for five years from the conclusion of its 37th AGM, subject to shareholder approval.
Capex/Expansion
Greenply Industries approved investment of up to INR 30 crore in wholly owned subsidiary Greenply Sandila for expanding plywood and allied products manufacturing capacity.
Capex/Expansion
Greenply Industries’ wholly owned subsidiary plans to add 15 million sq. m of plywood capacity at Sandila by Q4 FY2028, requiring approximately Rs. 125 crore investment.
Consumer Durables
Plywood Boards/ Laminates
3,322 Cr
Moderate Risk
26.4
43.5
0.8
3.4
332.75
178.05
Sales CAGR
Profit CAGR
ROE
ROCE