ICICI Securities: Greenply Industries - A Rerating Candidate
A contractor lifts a sheet of plywood while framing the roof of a home under construction in Park City, Utah, U.S. (Photographer George Frey/Bloomberg)

ICICI Securities: Greenply Industries - A Rerating Candidate

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

Greenply Industries Ltd. is well geared to witness smart recovery in plywood volumes aided by -

1. considerable balance sheet strengthening post Covid-19 driven by the company’s stricter control on receivables (which is likely to continue in the near term); and

2. impressive recovery in secondary real estate market post Q2 FY21 resulting in higher rate of occupation of premises.

Standalone margins too are likely to improve considerably driven by operating leverage and sustained cost rationalisation measures.

Click on the attachment to read the full report:

ICICI Securities Greenply Industries Company Update.pdf

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