Plywood Boards/Laminates · GREENP
Plywood Boards/Laminates
from 184 today
Greenpanel Industries reported solid domestic MDF volume growth in 1QFY27 with recovering margins driven by lower timber costs and pricing actions, though exports remained nil due to the Middle East conflict. We maintain our FY27E/FY28E assumptions, introduce FY29E estimates, and maintain our BUY rating with a revised target price of INR 250.
GREEN's domestic MDF volumes grew by 12% YoY in Q1FY27, while exports remained nil due to the ongoing Middle East crisis. We cut our earnings estimate by 32.8%/12.6% for FY27/28E and Maintained 'BUY' rating revised TP of Rs 284, based on 20x Mar'28 earnings.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
