Buy Greenpanel Industries, target price Rs 685: ICICI Securities

ICICI Securities has buy call on Greenpanel Industries with a target price of Rs 685. The current market price of Greenpanel Industries is Rs 483.5. 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 5924.74 Crore) operating in Building Materials sector.

Greenpanel Industries Ltd. key Products/Revenue Segments include Fibre Board, Grants, Traded Goods, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 473.75 Crore, up 11.03 % from last quarter Total Income of Rs 426.70 Crore and up 21.23 % from last year same quarter Total Income of Rs 390.79 Crore. Company reported net profit after tax of Rs 80.59 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 53.1 per cent stake in the company as of 31-Dec-2021, while FIIs owned 3.73 per cent, DIIs 22.86 per cent.