Greenpanel Industries Limited (GREENPANEL.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+55.9%

₹205.83

vs ₹132.03 price

Levered DCF

₹101.01

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-71.99×	39.47×	29.14×	13×	29.85×	28.55×	24.24×	14.34×
P/B	1.55×	2.06×	2.99×	2.79×	7.54×	2.69×	0.53×	0.77×
P/S	1.36×	1.99×	2.52×	1.87×	4.42×	1.96×	0.41×	0.85×
EV / EBITDA	30.36×	21.06×	15.74×	8.2×	16.93×	12.53×	8.52×	12.33×
Gross margin	33.0%	33.3%	26.0%	58.2%	55.0%	52.6%	52.3%	54.3%
Operating margin	-1.4%	3.7%	11.3%	19.5%	19.9%	12.1%	8.7%	7.5%
Net margin	-1.9%	5.0%	9.1%	14.4%	14.8%	6.9%	1.7%	5.9%
Current ratio	1.94×	1.94×	2.66×	2.71×	1.56×	1.24×	1.07×	1.05×
Debt / equity	0.27×	0.3×	0.22×	0.19×	0.33×	0.66×	0.87×	0.91×
Interest coverage	-0.59×	8.06×	16.87×	33.73×	18.92×	4.89×	2.76×	2.1×
Dividend yield	0.0%	0.1%	0.5%	0.6%	0.3%	0.0%	0.0%	0.0%
Payout ratio	0.0%	5.1%	12.9%	7.2%	7.6%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-2.1%	5.2%	10.8%	21.5%	25.3%	9.4%	2.2%	5.4%
Return on invested capital	-0.8%	2.8%	7.9%	16.5%	16.5%	6.5%	5.7%	3.3%
Return on assets	-1.4%	3.4%	7.5%	15.0%	15.6%	4.7%	1.0%	2.4%
Free cash flow yield	3.5%	-4.2%	-5.4%	7.7%	4.6%	6.8%	21.1%	-17.8%
Earnings yield	-1.4%	2.5%	3.6%	7.7%	3.3%	3.5%	4.1%	7.0%
Enterprise value	₹24.2B	₹32.4B	₹42B	₹35.5B	₹74.4B	₹24.3B	₹9.2B	₹10.6B
Net debt / EBITDA	4.06×	2.46×	0.96×	0.49×	0.59×	2.42×	5.26×	6.57×
Cash conversion cycle (days)	65	56	51	42	37	62	78	120