Buy Greenply Industries, target price Rs 290: JM Financial

JM Financial has buy call on Greenply Industries with a target price of Rs 290. The current market price of Greenply Industries is Rs 182.25.

Greenply Industries Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 2239.56 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-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 455.10 Crore, up .76 % from last quarter Total Income of Rs 451.67 Crore and up 73.13 % from last year same quarter Total Income of Rs 262.86 Crore. Company reported net profit after tax of Rs 21.31 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 52.29 per cent stake in the company as of 30-Jun-2022, while FIIs owned 3.4 per cent, DIIs 33.41 per cent.