Greenpanel Industries Q4 Review - Strong Growth Momentum Sustains: ICICI Securities
A contractor lifts a sheet of plywood while framing the roof of a home under construction. (Photographer: George Frey/Bloomberg)

Greenpanel Industries Q4 Review - Strong Growth Momentum Sustains: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

We remain positively surprised with Greenpanel Industries Ltd.'s management assertion of sustainability/improvement over an impressive Q4 FY21 volume/margin delivery into FY22, which paves the way for an impressive execution opportunity (excluding probable near-term Covid-19 impact) over the next couple of years.

As far as Q4 FY21 was concerned, the company sustained its overall growth momentum across all parameters – volumes, realisations, margins and cashflow generation with:

  1. 12.7%/21.7% QoQ rise in its medium density fibre volumes/revenues;
  2. 21.3%/35.8% QoQ growth in plywood volumes/revenues;
  3. 330 basis points QoQ expansion in overall Ebitda margin; and
  4. net debt reduction of Rs 0.75 billion QoQ.

Click on the attachment to read the full report:

ICICI Securities Greenpanel Q4FY21 Results Update.pdf

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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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