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Employees: 4,618
Size Greenply Industries (GREENPLY.NS) is an India Industrials company (Building Products) with a market value of $352M, the 989th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹266.30 on 6 Nov 2026.
Performance Over six months the shares fell 0.1%, against -18.6% for the median peer and 0.0% for the India market (cap-weighted) — 5th highest of 20 in its peer set.
Growth Revenue grew 16.5% over the last twelve months (peer median -3.0%); the operating margin is 8.4% (peer median 3.3%).
Valuation It trades at 19.5× forward earnings against a peer median of 13.9× (3rd most expensive of 7).
Price implies For today's price to make sense, revenue must grow about 29% a year for seven years (Req g). Recent delivered growth is +19%, so the hurdle is +11 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 6.7 points below its cost of capital (18.6% WACC).
Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹29.7B | ₹27.4B | ₹24.9B | ₹21.8B | ₹16.6B |
| Revenue growth | — | +10% | +14% | +31% | — |
| Gross profit | ₹7.87B | ₹5.83B | ₹5.22B | ₹4.31B | ₹3.43B |
| EBITDA | ₹3.20B | ₹2.76B | ₹2.44B | ₹1.90B | ₹1.62B |
| Net income | ₹1.25B | ₹895M | ₹916M | ₹655M | ₹914M |
| Free cash flow | n/a | ₹379M | ₹1.04B | -₹877M | -₹3.89B |
| Capital expenditure | n/a | ₹1.57B | ₹777M | ₹1.43B | ₹4.15B |
| Total debt | ₹6.34B | ₹5.15B | ₹5.15B | ₹5.57B | ₹7.01B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GREENPLY.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.3% | -12.8% | 9th lowest of 21 |
| 6-month return | -0.1% | -18.6% | 5th highest of 20 |
| Distance from 52-week high | -20.4% | -37.6% | 4th highest of 21 |
| Revenue growth (TTM) | +16.5% | -3.0% | 3rd highest of 20 |
| Operating margin | 8.4% | 3.3% | 5th highest of 20 |
| Forward P/E | 19.5× | 13.9× | 3rd most expensive of 7 |
| Growth the price implies (Req g, 7 yrs) | 29.4% | 11.7% | 5th most demanding of 16 |
| Growth delivered (Del g) | +18.6% | +0.6% | 3rd highest of 16 |
| Hurdle (Req g minus delivered) | +10.7 pp | +8.7 pp | 8th most demanding of 16 |
| ROIC minus cost of capital | -6.7 pp | -3.8 pp | 5th lowest of 19 |
| EV / EBITDA | 12.3× | 11.1× | 4th most expensive of 10 |
| Net debt / EBITDA | 1.9× | 1.3× | 6th least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Greenply Industries GREENPLY.NS | India | $352M | 0% | +17% | 8% | 19.5× | 29.4% | +18.6% |
| Wuchan Zhongda Geron 002722.SZ | China | $353M | -22% | +13% | 4% | 12.4× | 1.1% | +0.4% |
| Norcros NXR.L | United Kingdom | $356M | 0% | +7% | 6% | 7.7× | 12.7% | +3.9% |
| JiangXi BaiSheng Intelligent Technology 301083.SZ | China | $337M | -28% | -3% | -1% | n/a | 29.4% | -6.8% |
| Zhejiang Three Stars New Materials 603578.SS | China | $335M | -30% | +1% | -13% | n/a | 45.5% | +21.8% |
| Varmora Granito VARMORA.NS | India | $331M | n/a | n/a | n/a | n/a | n/a | n/a |
| Guangzhou Seagull Kitchen and Bath Products 002084.SZ | China | $375M | +10% | -11% | -3% | n/a | -0.3% | -4.7% |
| Suzhou Yangtze New Materials 002652.SZ | China | $328M | -28% | +32% | -1% | n/a | n/a | n/a |
| Zhejiang Walrus New Material 003011.SZ | China | $325M | -29% | -9% | 8% | 10.9× | 11.7% | -0.3% |
| Villeroy & Boch AG Pref VIB3.DE | Germany | $323M | -33% | -11% | 3% | n/a | 1.8% | +12.6% |
| Arbonia ARBN.SW | Switzerland | $322M | -4% | +9% | -1% | n/a | n/a | n/a |
| Zhejiang Meilun Elevator 603321.SS | China | $320M | -21% | -10% | 0% | n/a | n/a | n/a |
| Sicher Elevator 301056.SZ | China | $418M | -26% | -6% | 10% | n/a | 20.5% | +0.6% |
| China Fangda 000055.SZ | China | $422M | -5% | -15% | -5% | n/a | 4.9% | +2.4% |
| Shenyang Yuanda Intellectual Industry 002689.SZ | China | $437M | -22% | +11% | 4% | n/a | 23.5% | +8.3% |
| Moriya Transportation Engineering and Manufacturing 6226.T | Japan | $448M | -4% | +20% | 26% | 15.4× | n/a | n/a |
| Everjoy Health 002162.SZ | China | $502M | -19% | -2% | 2% | n/a | 29.9% | -2.3% |
| FM Mattsson FMM-B.ST | Sweden | $516M | +45% | +6% | 10% | 24.7× | 0.9% | +5.1% |
| General Elevator 300931.SZ | China | $526M | -5% | -16% | -19% | n/a | 38.0% | -1.5% |
| Monalisa 002918.SZ | China | $553M | -17% | -7% | 3% | 26.1× | 3.2% | -4.2% |
| Hafary 5VS.SI | Singapore | $214M | +37% | -4% | 13% | n/a | -2.4% | +27.8% |