Buy Greenpanel Industries, target price Rs 486: ICICI Securities

ICICI Securities has buy call on Greenpanel Industries with a target price of Rs 486. The current market price of Greenpanel Industries is Rs 346.15.

Greenpanel Industries Ltd., incorporated in the year 2017, is a Small Cap company (having a market cap of Rs 4237.39 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 30-09-2023, the company reported a Consolidated Total Income of Rs 405.53 Crore, up 3.30 % from last quarter Total Income of Rs 392.56 Crore and down -12.77 % from last year same quarter Total Income of Rs 464.92 Crore. Company reported net profit after tax of Rs 41.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 53.13 per cent stake in the company as of 30-Sep-2023, while FIIs owned 4.41 per cent, DIIs 22.83 per cent.