Greenply Industries Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 1087.09 Crore) operating in Building Materials sector.
By ETMarkets.com | Updated:
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Promoters held 52 per cent stake in the company as of June 30, 2020, while FIIs held 10.8 per cent, DIIs 23 per cent and public and others 14.2 per cent.
Anand Rathi has given buy rating to Greenply Industries with a target price of Rs 110. The share price moved up by 1.85 per cent from its previous close of Rs 86.60. The stock’s last traded price is Rs 88.20.
Greenply Industries Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 1087.09 Crore) operating in Building Materials sector.
Financials For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 132.71 Crore, down 61.50 % from last quarter Sales of Rs 344.70 Crore and down 62.02 % from last year same quarter Sales of Rs 349.45 Crore. The company reported net profit after tax of Rs -10.06 Crore in latest quarter.
Investment Rationale The brokerage likes Greenply for its leading position in plywood, backward-integration and strong balance-sheet. Despite near-term concerns, it has retained a Buy rating on attractive valuations. Risk: Delay in the ramp-up at Gabon.
Promoter/FII Holdings Promoters held 52 per cent stake in the company as of June 30, 2020, while FIIs held 10.8 per cent, DIIs 23 per cent and public and others 14.2 per cent.
