Buy Greenpanel Industries, target price Rs 662: ICICI Securities

ICICI Securities has buy call on Greenpanel Industries with a target price of Rs 662. The current market price of Greenpanel Industries is Rs 447.4. Time period given by analyst is one year when Greenpanel Industries Ltd. price can reach defined target.

Greenpanel Industries Ltd., incorporated in the year 2017, is a Small Cap company (having a market cap of Rs 5482.67 Crore) operating in Building Materials sector.

Greenpanel Industries Ltd. key Products/Revenue Segments include Fibre Board, Plywood, Grants, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 471.25 Crore, down -.53 % from last quarter Total Income of Rs 473.75 Crore and up 52.51 % from last year same quarter Total Income of Rs 309.00 Crore. Company reported net profit after tax of Rs 77.60 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 53.1 per cent stake in the company as of 30-Jun-2022, while FIIs owned 6.27 per cent, DIIs 21.45 per cent.