Greenply Industries (GREENPLY)₹269.90+0.88%Plywood Boards/ Laminates
In the Sep 2026 quarter (consolidated), Greenply Industries reported sales of ₹803 Cr, up 16.1% from Sep 2025, and net profit of ₹43.11 Cr, up 168.4% year on year. For the year to Mar 2026, sales were ₹2,749 Cr and net profit ₹90.27 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 584 | 601 | 586 | 642 | 616 | 650 | 603 | 691 | 675 | 779 | 727 | 803 |
| Expenses | 530 | 542 | 530 | 586 | 563 | 601 | 547 | 636 | 620 | 688 | 651 | 715 |
| Operating Profit | 49.80 | 56.79 | 52.85 | 52.77 | 50.80 | 45.80 | 51.77 | 50.83 | 50.83 | 86.64 | 72.76 | 82.71 |
| OPM % | 9.1% | 10.1% | 9.0% | 8.1% | 8.1% | 7.0% | 9.1% | 7.0% | 8.1% | 11.1% | 10.1% | 10.1% |
| Other Income | 16.07 | 4.01 | 6.02 | 2.01 | 3.01 | 6.02 | 18.07 | 2.01 | −3.01 | −13.05 | 2.01 | 3.01 |
| Interest | 14.95 | 8.96 | 9.97 | 13.95 | 4.98 | 12.94 | 18.93 | 12.95 | 9.95 | 12.95 | 6.98 | 10.96 |
| Depreciation | 15.02 | 15.03 | 15.02 | 15.02 | 15.02 | 15.03 | 15.01 | 16.02 | 17.02 | 17.01 | 17.03 | 18.03 |
| Profit before tax | 37.07 | 38.08 | 34.10 | 26.04 | 33.08 | 24.05 | 36.07 | 23.07 | 22.03 | 44.09 | 49.11 | 57.10 |
| Tax % | 25.9% | 24.9% | 2.0% | 32.0% | 27.0% | 31.9% | 21.0% | 31.0% | 35.0% | 28.9% | 23.9% | 25.0% |
| Exceptional items | 5.02 | −1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 3.01 | 0.00 | −2.01 | −11.04 | 0.00 | 0.00 |
| Net Profit | 27.08 | 28.07 | 33.09 | 18.06 | 24.06 | 17.05 | 28.07 | 16.06 | 14.05 | 31.09 | 38.12 | 43.11 |
| EPS (Rs) | 2.16 | 2.28 | 2.66 | 1.41 | 1.95 | 1.31 | 2.27 | 1.27 | 1.14 | 2.45 | 2.99 | 3.40 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,650 | 1,673 | 914 | 1,415 | 1,423 | 1,169 | 1,568 | 1,667 | 2,184 | 2,493 | 2,749 | 2,983 |
| Expenses | 1,399 | 1,418 | 846 | 1,263 | 1,263 | 1,047 | 1,410 | 1,525 | 1,990 | 2,279 | 2,491 | 2,675 |
| Operating Profit | 242 | 246 | 63.79 | 146 | 155 | 115 | 149 | 133 | 184 | 203 | 241 | 293 |
| OPM % | 15.1% | 15.1% | 7.0% | 10.1% | 11.1% | 10.1% | 10.1% | 8.1% | 9.1% | 8.0% | 9.1% | 9.8% |
| Other Income | 7.02 | 4.02 | 86.34 | 6.02 | −48.21 | 6.02 | 12.04 | 12.04 | 12.03 | 16.07 | 3.01 | −11.04 |
| Interest | 30.90 | 18.92 | 7.97 | 18.94 | 20.92 | 16.94 | 11.96 | 8.96 | 42.82 | 42.82 | 54.79 | 40.84 |
| Depreciation | 50.08 | 51.08 | 18.03 | 22.03 | 26.03 | 23.02 | 26.05 | 26.02 | 55.10 | 60.12 | 65.06 | 69.09 |
| Profit before tax | 170 | 181 | 124 | 111 | 61.15 | 81.21 | 125 | 111 | 100 | 117 | 125 | 172 |
| Tax % | 24.0% | 30.9% | 10.9% | 28.0% | 21.9% | 25.0% | 23.9% | 16.9% | 29.9% | 21.9% | 27.9% | — |
| Exceptional items | −3.01 | −1.01 | −4.01 | −1.01 | −34.10 | −1.01 | 0.00 | 8.02 | 13.03 | 1.01 | −11.04 | −13.05 |
| Net Profit | 128 | 125 | 111 | 80.27 | 47.18 | 61.15 | 95.28 | 91.31 | 70.18 | 92.27 | 90.27 | 126 |
| EPS (Rs) | 10.62 | 10.24 | 9.01 | 6.49 | 3.84 | 4.96 | 7.72 | 7.45 | 5.65 | 7.33 | 7.16 | 9.98 |
| Dividend payout % | 6.0% | 6.0% | 7.1% | 6.0% | 10.1% | 8.0% | 6.0% | 7.0% | 9.1% | 7.0% | 7.1% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12.03 | 12.03 | 12.02 | 12.04 | 12.02 | 12.03 | 12.03 | 12.03 | 12.03 | 12.03 | 12.02 | 12.02 |
| Reserves | 474 | 601 | 760 | 865 | 323 | 366 | 424 | 526 | 632 | 697 | 796 | 881 |
| Borrowings | 333 | 271 | 447 | 714 | 250 | 280 | 204 | 310 | 697 | 550 | 516 | 516 |
| Other Liabilities | 333 | 318 | 358 | 523 | 303 | 306 | 276 | 312 | 343 | 407 | 630 | 553 |
| Total Liabilities | 1,151 | 1,202 | 1,578 | 2,116 | 888 | 964 | 917 | 1,162 | 1,684 | 1,667 | 1,955 | 1,963 |
| Fixed Assets | 534 | 542 | 526 | 580 | 252 | 314 | 308 | 353 | 459 | 866 | 857 | 907 |
| CWIP | 14.03 | 9.03 | 270 | 772 | 17.04 | 5.01 | 6.02 | 110 | 514 | 12.03 | 44.12 | 50.10 |
| Investments | 34.98 | 28.95 | 25.96 | 17.99 | 21.97 | 23.97 | 22.97 | 25.96 | 5.99 | 42.98 | 66.96 | 54.95 |
| Other Assets | 568 | 622 | 756 | 744 | 598 | 621 | 580 | 674 | 704 | 745 | 987 | 951 |
| Inventories | 189 | 139 | 158 | 230 | 169 | 177 | 178 | 225 | 277 | 347 | 517 | 363 |
| Trade receivables | 256 | 331 | 297 | 285 | 304 | 356 | 193 | 185 | 228 | 248 | 322 | 405 |
| Cash & equivalents | 8.03 | 35.14 | 78.34 | 34.11 | 21.06 | 10.03 | 129 | 73.28 | 31.14 | 22.07 | 25.11 | 28.11 |
| Total Assets | 1,151 | 1,202 | 1,578 | 2,116 | 888 | 964 | 917 | 1,162 | 1,684 | 1,667 | 1,955 | 1,963 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 187 | 191 | 212 | 113 | 97.97 | 58.05 | 228 | 92.05 | 62.06 | 111 | 219 | 247 |
| Cash from investing activity | −105 | −62.99 | −363 | −328 | −89.09 | −58.07 | −124 | −130 | −410 | −144 | −147 | −152 |
| Cash from financing activity | −81.96 | −99.88 | 190 | 164 | −27.99 | −18.98 | −91.93 | 79.95 | 318 | 46.94 | −82.94 | −77.90 |
| Net cash flow | 1.01 | 28.01 | 38.99 | −50.05 | −19.02 | −20.02 | 11.99 | 41.99 | −30.04 | 14.01 | −10.99 | 17.01 |
| Capex | 92.59 | 75.71 | 376 | 339 | 85.69 | 56.76 | 22.90 | 231 | 414 | 142 | 77.66 | 156 |
| Free cash flow | 102 | 122 | −158 | −216 | 14.04 | 2.01 | 210 | −138 | −351 | −21.03 | 145 | 91.16 |
| CFO / OP % | 102.0% | 94.0% | 102.0% | 246.0% | 84.0% | 55.0% | 210.9% | 81.9% | 49.0% | 79.9% | 122.0% | 115.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 61 | 75 | 66 | 115 | 80 | 93 | 62 | 45 | 51 | 43 | 48 | 55 |
| Inventory days | 76 | 55 | 65 | 150 | 72 | 77 | 96 | 88 | 98 | 96 | 127 | 82 |
| Days payable | 92 | 99 | 86 | 142 | 99 | 101 | 109 | 84 | 86 | 92 | 132 | 101 |
| Cash conversion cycle | 45 | 30 | 45 | 122 | 52 | 68 | 47 | 47 | 63 | 46 | 43 | 35 |
| Working capital days | 17 | 24 | 10 | 0 | 13 | 15 | 7 | 4 | 29 | 22 | 23 | 22 |
| ROCE % | 15.0% | 24.0% | 19.0% | 10.0% | 12.0% | 21.1% | 15.1% | 18.1% | 11.1% | 11.1% | 12.0% | 14.1% |
For the Sep 2026 quarter, Greenply Industries reported sales of ₹803 Cr, up 16.1% year on year and net profit of ₹43.11 Cr, up 168.4% year on year. The operating margin was 10.1%.
Greenply Industries' sales for the year to Mar 2026 were ₹2,749 Cr; over the last twelve months they were ₹2,983 Cr.
Net profit for the year to Mar 2026 was ₹90.27 Cr, and ₹126 Cr over the last twelve months. Earnings per share over the same trailing period were ₹9.98.
Greenply Industries reported borrowings of ₹516 Cr at Mar 2026, against cash and equivalents of ₹28.11 Cr.
Cash from operations was ₹247 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹91.16 Cr.