Buy Greenply Industries, target price Rs 263: ICICI Securities

ICICI Securities has buy call on Greenply Industries with a target price of Rs 263. The current market price of Greenply Industries is Rs 177.35. Time period given by analyst is one year when Greenply Industries Ltd. price can reach defined target.

Greenply Industries Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 2181.54 Crore) operating in Building Materials sector.

Greenply Industries Ltd. key Products/Revenue Segments include Plywood 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 451.67 Crore, up 6.59 % from last quarter Total Income of Rs 423.76 Crore and up 12.75 % from last year same quarter Total Income of Rs 400.59 Crore. Company reported net profit after tax of Rs 28.91 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 52.31 per cent stake in the company as of 31-Mar-2022, while FIIs owned 3.58 per cent, DIIs 31.98 per cent.