The shares of the leading plywood manufacturer gained up to 15 percent after the company’s net profit and revenue increased by 468 percent and 36 percent YoY, respectively in Q1FY25.
With a market capitalization of Rs 4,390.26 crore, the shares of Greenply Industries Ltd were trading at Rs 354.25 per share, increasing around 9.15 percent as compared to the previous closing price of Rs 324.55 apiece.
Reason for rise:-
The share of the company has seen positive movement after Greenply Industries Ltd’s revenue plummeted by 3 percent on a quarter-on-quarter basis from Rs. 600 crores in Q4FY24 to Rs. 583 crores in Q1FY25. Further, revenue magnified by 36 percent yearly from Rs 430 crores in Q1FY24 to Rs. 583 crores in Q1FY25.
Greenply Industries Ltd’s net profit increased by 3 percent on a quarter-on-quarter basis from Rs. 32 crores in Q4FY24 to Rs 33 in Q1FY25. Further, on a year-on-year basis also net profit magnified drastically by 468 percent from Rs. 5.83 crores in Q1FY24 to Rs. 33 crores in Q1FY25.
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Remarkable return:-
The stock has given a return of 46.15 percent in 6 months and a multi-bagger return of 113.12 percent in a year. If an individual invested Rs 1 lakh a year ago, it would be worth now Rs 2.13 lakh.
Ratio analysis:-
Examining the company’s crucial ratio, return on equity declined from 14.20 percent in FY22-23 to 9.86 percent in FY23-24, while during the same time frame return on capital employed also inclined from 12.42 percent to 12.98 percent. In contrast, the net profit margin (NPM) stands at 3.26 percent in fiscal year 22-23.
Shareholding pattern:-
In the company’s recent shareholding pattern, Foreign Institutional Investors own 52.01 percent while Retail shareholders own 12.44 percent stake in the company, and Foreign Institutional Investors own a 4.91 percent stake.
Company profile:-
Greenply Industries Limited is an interior infrastructure company. The Company is primarily involved in the manufacturing of plywood and trading of plywood and allied products. The Company’s product offerings include plywood and blockboards, decorative veneers, flush doors, specialty plywood, and polyvinyl chloride (PVC) products.
Written by:- Abhishek Singh
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