Greenply Industries Limited (GREENPLY.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

-272.6%

-₹454.49

vs ₹263.35 price

Levered DCF

-₹473.00

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C-

Overall 1 / 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	25.08×	38.72×	42.96×	18.68×	28.48×	34.32×	21.05×	22.79×
P/B	2.51×	4.42×	4.24×	2.65×	5.01×	4.79×	2.63×	5.42×
P/S	0.82×	1.44×	1.38×	1.03×	1.73×	1.8×	0.7×	1.29×
EV / EBITDA	11.15×	17.15×	15.86×	12.41×	18.38×	19.05×	11.73×	13.44×
Gross margin	40.6%	40.3%	35.3%	35.6%	39.1%	40.2%	40.0%	38.2%
Operating margin	7.5%	27.6%	6.2%	8.2%	8.3%	8.5%	9.2%	9.2%
Net margin	3.3%	3.7%	3.2%	5.5%	6.1%	5.2%	3.3%	5.7%
Current ratio	1.29×	1.24×	1.28×	1.33×	1.2×	1.38×	1.14×	1.16×
Debt / equity	0.58×	0.64×	0.79×	1.09×	0.58×	0.46×	0.74×	0.75×
Interest coverage	3.73×	15.95×	3.38×	15.02×	10.9×	5.93×	6.29×	6.9×
Dividend yield	0.3%	0.2%	0.2%	0.4%	0.2%	0.2%	0.6%	0.4%
Payout ratio	7.0%	6.8%	8.8%	6.7%	5.2%	8.1%	12.5%	9.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	10.0%	11.3%	9.9%	14.2%	17.6%	13.9%	12.5%	23.8%
Return on invested capital	10.3%	40.3%	7.8%	8.5%	11.5%	11.5%	15.4%	15.5%
Return on assets	4.6%	4.7%	4.2%	5.4%	8.2%	6.7%	4.9%	9.0%
Free cash flow yield	4.0%	4.0%	-2.9%	-20.7%	-5.2%	9.8%	0.1%	0.7%
Earnings yield	4.0%	2.6%	2.3%	5.4%	3.5%	2.9%	4.8%	4.4%
Enterprise value	₹27.3B	₹40.8B	₹35.4B	₹23.8B	₹29.4B	₹22.8B	₹12.6B	₹20.5B
Net debt / EBITDA	1.99×	2.12×	2.4×	3.5×	1.54×	1.55×	2.5×	1.51×
Cash conversion cycle (days)	35	43	46	64	49	52	72	55