Greenpanel Industries - Second Covid-19 Wave Likely A Blessing In Disguise: ICICI Securities  
A worker secures a piece of plywood on a window of a building. (Photographer: David Paul Morris/Bloomberg)

Greenpanel Industries - Second Covid-19 Wave Likely A Blessing In Disguise: 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 expect Greenpanel Industries Ltd. to continue to post strong earnings growth in near-to-medium term driven by -

1. increasing demand for modular furniture particularly post Covid-19;

2. possible import substitution with likely imposition of anti-dumping duty on thin medium density fibre and countervailing duty on all MDF imports into India and

3. delay in incremental capacity addition by top MDF players.

Despite fresh worries of Covid-19 cases increasing in the country, we believe this could be a potential blessing in disguise for the company with the likelihood of people incrementally opting for modular furniture over customised home-made furniture.

Click on the attachment to read the full report:

ICICI Securities Greenpanel Company Update.pdf


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