Buy Greenpanel Industries, target price Rs 420: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Greenpanel Industries Ltd. with a target price of Rs 420. The current market price of Greenpanel Industries Ltd. is Rs 324.6.

Greenpanel Industries Ltd., incorporated in the year 2017, is a Small Cap company (having a market cap of Rs 3989.68 Crore) operating in Building Materials sector.

Greenpanel Industries Ltd. key Products/Revenue Segments include Fibre Board, Plywood, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 387.04 Crore, down -4.56 % from last quarter Total Income of Rs 405.53 Crore and down -6.99 % from last year same quarter Total Income of Rs 416.11 Crore. Company reported net profit after tax of Rs 34.61 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 53.13 per cent stake in the company as of 31-Mar-2024, while FIIs owned 2.99 per cent, DIIs 25.81 per cent.