🟢 At a Glance
Greenply’s June 3 board outcome wasn’t about revenue, profits, or margins. Instead, they did what Indian families do best — “adjusted internally.”
- ✅ Converted ₹157 crore of inter-company loans into equity across two subsidiaries
- ✅ Exited Dubai business (GMEL) by selling 30% stake
- ✅ No new business wins. No earnings. Just financial asana.
So, should markets care? Maybe. This could be balance sheet detox before bigger moves.
🏢 About the Company
Greenply Industries Ltd is a leading player in India’s interior infrastructure space – plywood, decorative veneers, MDF, and panel boards.
- 🪑 Presence in 300+ cities
- 🌍 Had an overseas JV in Dubai (now exited)
- 🏭 Factories in Nagaland, Gujarat, and Uttarakhand
- 🧱 Competitors: Century Plyboards, Rushil Décor
🧑💼 Key Managerial Personnel (KMP)
| Name | Designation |
|---|
| Shobhan Mittal | Managing Director & CEO |
| Manoj Tulsian | Joint MD & CFO |
| Sanidhya Mittal | Executive Director |
💰 Financials (Standalone – FY24)
| Metric | Value |
|---|
| Revenue | ₹1,574 crore |
| EBITDA | ₹165 crore |
| Net Profit | ₹96 crore |
| EBITDA Margin | 10.5% |
| ROCE | ~12% |
| Net Debt | ₹305 crore |
| EPS (TTM) | ₹7.85 |
🧾 What Happened in the June
