Sector Alpha Week of 2026-07-29
20-quarter listed-company comparison

Plywood Boards/Laminates Stocks in India

Plywood Boards/Laminates: Century Plyboards (India) Ltd owns the largest revenue base AND the fastest current growth.

Nifty Plywood Boards/Laminates Index — Constituents & Performance

The Plywood Boards/Laminates companies below are the listed Indian Plywood Boards/Laminates universe this page tracks — the same constituent set people search for as the Nifty Plywood Boards/Laminates index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

The sector itself · before any single company

How has Plywood Boards/Laminates moved against NIFTY 500?

The line below covers 5.1 years. Over the most recent two of them this sector is 1% ahead of NIFTY 500. Earnings across its companies fell 16% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 15 weeks running.

LEADER · ahead 15w~Moving with the index3 of 5 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑15w · 4/5 >200d (+1) · 3/5 lead (+0) · EPS 3/5↑

200300400202620252024202320222021 386336 TRAILING 12-MONTH EPS · 100 AT THE START0100102Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingSep 2022 · trailing 12-month earnings per share at 99, against 100 at the start · no comparable year yet · 3 reportingDec 2022 · trailing 12-month earnings per share at 98, against 100 at the start · up 24.0% on a year ago · 3 reportingMar 2023 · trailing 12-month earnings per share at 102, against 100 at the start · up 6.7% on a year ago · 3 reportingJun 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 25.0% on a year ago · 3 reportingSep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 37.1% on a year ago · 5 reportingDec 2023 · trailing 12-month earnings per share at 97, against 100 at the start · down 32.2% on a year ago · 5 reportingMar 2024 · trailing 12-month earnings per share at 87, against 100 at the start · down 23.9% on a year ago · 5 reportingJun 2024 · trailing 12-month earnings per share at 85, against 100 at the start · down 27.5% on a year ago · 5 reportingSep 2024 · trailing 12-month earnings per share at 82, against 100 at the start · down 18.0% on a year ago · 5 reportingDec 2024 · trailing 12-month earnings per share at 74, against 100 at the start · down 24.6% on a year ago · 5 reportingMar 2025 · trailing 12-month earnings per share at 50, against 100 at the start · down 43.2% on a year ago · 5 reportingJun 2025 · trailing 12-month earnings per share at 54, against 100 at the start · down 26.0% on a year ago · 5 reportingSep 2025 · trailing 12-month earnings per share at 62, against 100 at the start · down 20.0% on a year ago · 5 reportingDec 2025 · trailing 12-month earnings per share at 63, against 100 at the start · down 27.7% on a year ago · 5 reportingMar 2026 · trailing 12-month earnings per share at 75, against 100 at the start · up 10.1% on a year ago · 4 reportingNot reported yet — earnings trail price by a quarter or two75 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
200300400202620252024202320222021 386336 TRAILING 12-MONTH EPS · 100 AT THE START0100102Mar 23Mar 24Mar 25Mar 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingSep 2022 · trailing 12-month earnings per share at 99, against 100 at the start · no comparable year yet · 3 reportingDec 2022 · trailing 12-month earnings per share at 98, against 100 at the start · up 24.0% on a year ago · 3 reportingMar 2023 · trailing 12-month earnings per share at 102, against 100 at the start · up 6.7% on a year ago · 3 reportingJun 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 25.0% on a year ago · 3 reportingSep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 37.1% on a year ago · 5 reportingDec 2023 · trailing 12-month earnings per share at 97, against 100 at the start · down 32.2% on a year ago · 5 reportingMar 2024 · trailing 12-month earnings per share at 87, against 100 at the start · down 23.9% on a year ago · 5 reportingJun 2024 · trailing 12-month earnings per share at 85, against 100 at the start · down 27.5% on a year ago · 5 reportingSep 2024 · trailing 12-month earnings per share at 82, against 100 at the start · down 18.0% on a year ago · 5 reportingDec 2024 · trailing 12-month earnings per share at 74, against 100 at the start · down 24.6% on a year ago · 5 reportingMar 2025 · trailing 12-month earnings per share at 50, against 100 at the start · down 43.2% on a year ago · 5 reportingJun 2025 · trailing 12-month earnings per share at 54, against 100 at the start · down 26.0% on a year ago · 5 reportingSep 2025 · trailing 12-month earnings per share at 62, against 100 at the start · down 20.0% on a year ago · 5 reportingDec 2025 · trailing 12-month earnings per share at 63, against 100 at the start · down 27.7% on a year ago · 5 reportingMar 2026 · trailing 12-month earnings per share at 75, against 100 at the start · up 10.1% on a year ago · 4 reportingNot reported yet — earnings trail price by a quarter or two75No earnings on file this far back — the price series reaches further than the filings do
Plywood Boards/Laminates, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy Broad but lateHow much of the sector is participating, how recently, and whether the movers score well.
Together3 of 5 stocks moving
Fresh0 crossed in the last 4 weeks
Backed by scoresmovers score +3 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large 0/10
Mid 2/20
Small 1/20

Participation is not spreading downward this month; the larger companies are still carrying most of it.

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 5 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Plywood Boards/Laminates outperforming NIFTY 500?

The 52-week comparison of Plywood Boards/Laminates against NIFTY 500 is not available from the current market series. 4 of 5 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Stylam Industries Ltd is the strongest against the sector itself at +31.1%. Readings are as of 2026-07-19.

—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
4/5Stocks leading NIFTY 500
1/5Stocks leading sector

Sector metric: 28.2 as of 2026-07-19 · CONSOLIDATION · falling.

The central tension: current leadership is concentrated, so durability matters more than rank.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

The 52-week sector comparison is unavailable. 4 of 5 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Century Plyboards (India) Ltd leads with revenue of ₹5,397 crore, based on 5 of 5 comparable companies through Mar 2026. Century Plyboards (India) Ltd has the fastest current revenue growth at 19.2%, across 5 of 5 comparable companies.

Is the Plywood Boards/Laminates sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 4 of 5 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

Which Plywood Boards/Laminates company is largest by revenue?

Century Plyboards (India) Ltd leads with revenue of ₹5,397 crore, based on 5 of 5 comparable companies through Mar 2026.

Which Plywood Boards/Laminates company is growing fastest?

Century Plyboards (India) Ltd has the fastest current revenue growth at 19.2%, across 5 of 5 comparable companies.

Which Plywood Boards/Laminates company has the strongest 4-Factor Sector Score?

Stylam Industries Ltd ranks first at 69.4/100 with 97% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Plywood Boards/Laminates company has the least gross debt?

Stylam Industries Ltd has the lowest comparable gross debt at ₹29 crore. Century Plyboards (India) Ltd has the highest at ₹1,765 crore.

Which Plywood Boards/Laminates company has the lowest comparable PEG?

Century Plyboards (India) Ltd has the lowest comparable Guarded PEG at 1.31, among 3 of 5 companies that pass the metric’s comparability rules.

How much history does this Plywood Boards/Laminates comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
5
complete canonical membership
Combined market value
₹36.0K Cr
Century Plyboards (India) Ltd
Revenue growing
5/5
positive TTM year-on-year growth
Beating NIFTY 500
4/5
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Stylam Industries Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 97% evidence confidence.
Greenpanel Industries Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Stylam Industries Ltd · STYLAMIND

69.4/100 · Favorable setup · 97% evidence

Exact sum: 20.4 + 20.8 + 8.2 + 20 = 69.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

20.4/35Growth & earnings

Revenue 9.9% · PAT 38.5% · OPM change 2 pp

95% evidence

20.8/25Capital efficiency

ROCE 27% · debt/equity 0.04×

95% evidence

8.2/20Valuation

P/E 34.1× · PEG 1.63

100% evidence

20.0/20Relative strength

RS sector 31.1% · RS bench 42.8% · 1Y 88.8%

100% evidence

2. Century Plyboards (India) Ltd · CENTURYPLY

56.7/100 · Mixed-positive evidence · 96% evidence

Exact sum: 28.5 + 11.8 + 10.4 + 6 = 56.7

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -5.8% and the one-year return is 10.5%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

28.5/35Growth & earnings

Revenue 19.2% · PAT 44.1% · OPM change 1 pp

88% evidence

11.8/25Capital efficiency

ROCE 11.4% · debt/equity 0.68×

100% evidence

10.4/20Valuation

P/E 65.6× · PEG 1.31

100% evidence

6.0/20Relative strength

RS sector -5.8% · RS bench 3% · 1Y 10.5%

100% evidence

3. Greenply Industries Ltd · GREENPLY

45.7/100 · Mixed-negative evidence · 94% evidence

Exact sum: 18.8 + 12.1 + 6.1 + 8.7 = 45.7

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

18.8/35Growth & earnings

Revenue 14.3% · PAT 13.8% · OPM change 1 pp

100% evidence

12.1/25Capital efficiency

ROCE 14.3% · debt/equity 0.58×

100% evidence

6.1/20Valuation

P/E 33.3× · PEG 4.51

100% evidence

8.7/20Relative strength

RS sector -20.3% · RS bench 15.7% · 1Y -4.4%

70% evidence

4. Greenlam Industries Ltd · GREENLAM

42.4/100 · Mixed-negative evidence · 73% evidence

Exact sum: 20.5 + 6.2 + 5.1 + 10.6 = 42.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

20.5/35Growth & earnings

Revenue 18.5% · PAT -17.6% · OPM change 4 pp

83% evidence

6.2/25Capital efficiency

ROCE 8.1% · debt/equity 0.98×

80% evidence

5.1/20Valuation

P/E 113× · PEG —

50% evidence

10.6/20Relative strength

RS sector -1.4% · RS bench 2.1% · 1Y -0.4%

70% evidence

5. Greenpanel Industries Ltd · GREENPANEL

33.0/100 · Adverse evidence · 86% evidence

Exact sum: 4.1 + 14.2 + 14.7 + 0 = 33

Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.

4.1/35Growth & earnings

Revenue 3.9% · PAT -80% · OPM change -2.7 pp

88% evidence

14.2/25Capital efficiency

ROCE 12.9% · debt/equity 0.27×

100% evidence

14.7/20Valuation

P/E 16.7× · PEG —

50% evidence

0.0/20Relative strength

RS sector -24.9% · RS bench -18.2% · 1Y -32.6%

100% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Century Plyboards (India) Ltd has the highest Revenue among the 5 Plywood Boards/Laminates companies compared here, at ₹5,397 crore. Greenlam Industries Ltd is next at ₹3,046 crore. The same company also holds the highest Revenue growth, at 19.2%. 5 of 5 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Century Plyboards (India) Ltd is the scale leader at ₹5,397 crore, 77.2% ahead of Greenlam Industries Ltd. Century Plyboards (India) Ltd's growth is 19.2% from a ₹5,397 crore base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderCentury Plyboards (India) Ltd · ₹5,397 crore
Gap77.2% versus #2 · Greenlam Industries Ltd
Persistence8/8 recent comparable periods
Coverage5/5 companies · 92 observations

Investor read: Century Plyboards (India) Ltd is the scale benchmark; Century Plyboards (India) Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Century Plyboards (India) Ltd's growth falls below Century Plyboards (India) Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Century Plyboards (India) Ltd CENTURYPLY₹5.4K Cr
2Greenlam Industries Ltd GREENLAM₹3.0K Cr
3Greenply Industries Ltd GREENPLY₹2.9K Cr
4Greenpanel Industries Ltd GREENPANEL₹1.5K Cr
5Stylam Industries Ltd STYLAMIND₹1.2K Cr
Revenue growthfastest growers
1Century Plyboards (India) Ltd CENTURYPLY19%
2Greenlam Industries Ltd GREENLAM19%
3Greenply Industries Ltd GREENPLY14%
4Stylam Industries Ltd STYLAMIND9.9%
5Greenpanel Industries Ltd GREENPANEL3.9%
Revenue · company comparison
5/5 level · 5/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Century Plyboards (India) Ltd CENTURYPLY₹1.5K Cr25%Mar 2026
Greenlam Industries Ltd GREENLAM₹858 Cr26%Mar 2026
Greenply Industries Ltd GREENPLY₹725 Cr21%Jun 2026
Greenpanel Industries Ltd GREENPANEL₹399 Cr6.4%Mar 2026
Stylam Industries Ltd STYLAMIND₹326 Cr15%Jun 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Century Plyboards (India) Ltd · CENTURYPLY

₹814 Cr
₹855 Cr
₹901 Cr
₹889 Cr
₹909 Cr
₹884 Cr
₹965 Cr
₹891 Cr
₹997 Cr
₹937 Cr
₹1.1K Cr
₹1.0K Cr
₹1.2K Cr
₹1.1K Cr
₹1.2K Cr
₹1.2K Cr
₹1.4K Cr
₹1.4K Cr
₹1.5K Cr
—

Greenlam Industries Ltd · GREENLAM

—
—
—
—
—
₹504 Cr
₹534 Cr
₹515 Cr
₹604 Cr
₹563 Cr
₹624 Cr
₹605 Cr
₹681 Cr
₹602 Cr
₹682 Cr
₹674 Cr
₹808 Cr
₹706 Cr
₹858 Cr
—

Greenpanel Industries Ltd · GREENPANEL

₹422 Cr
₹424 Cr
₹470 Cr
₹464 Cr
₹457 Cr
₹420 Cr
₹441 Cr
₹386 Cr
₹399 Cr
₹386 Cr
₹397 Cr
₹365 Cr
₹337 Cr
₹359 Cr
₹375 Cr
₹328 Cr
₹396 Cr
₹416 Cr
₹399 Cr
—

Greenply Industries Ltd · GREENPLY

₹432 Cr
₹421 Cr
₹449 Cr
₹454 Cr
₹495 Cr
₹428 Cr
₹427 Cr
₹430 Cr
₹568 Cr
₹582 Cr
₹600 Cr
₹584 Cr
₹640 Cr
₹614 Cr
₹649 Cr
₹601 Cr
₹689 Cr
₹673 Cr
₹776 Cr
₹725 Cr

Stylam Industries Ltd · STYLAMIND

₹172 Cr
₹169 Cr
₹188 Cr
₹235 Cr
₹246 Cr
₹234 Cr
₹237 Cr
₹226 Cr
₹234 Cr
₹215 Cr
₹240 Cr
₹243 Cr
₹263 Cr
₹255 Cr
₹265 Cr
₹283 Cr
₹292 Cr
₹271 Cr
₹283 Cr
₹326 Cr

Revenue growth · reported quarter history

Century Plyboards (India) Ltd · CENTURYPLY

—
—
—
94%
12%
3.4%
7.1%
0.2%
9.7%
6.0%
10.0%
13%
19%
22%
13%
16%
17%
18%
25%
—

Greenlam Industries Ltd · GREENLAM

—
—
—
—
—
—
—
—
—
12%
17%
17%
13%
6.9%
9.3%
11%
19%
17%
26%
—

Greenpanel Industries Ltd · GREENPANEL

—
—
21%
51%
8.3%
-0.9%
-6.2%
-17%
-13%
-8.1%
-10.0%
-5.4%
-16%
-7.0%
-5.5%
-10%
18%
16%
6.4%
—

Greenply Industries Ltd · GREENPLY

—
—
—
74%
15%
1.7%
-4.9%
-5.3%
15%
36%
41%
36%
13%
5.5%
8.2%
2.9%
7.7%
9.6%
20%
21%

Stylam Industries Ltd · STYLAMIND

—
—
—
79%
43%
38%
26%
-3.8%
-4.9%
-8.1%
1.3%
7.5%
12%
19%
10%
16%
11%
6.3%
6.8%
15%
02 · compare level, then change

Operating Economics & Margin Trend

Stylam Industries Ltd has the highest OPM among the 5 Plywood Boards/Laminates companies compared here, at 21%. Greenlam Industries Ltd is next at 13%. Greenlam Industries Ltd has the highest Margin change at +4 percentage points, so level and change sit with different companies. 5 of 5 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Stylam Industries Ltd leads opm at 21%; Greenlam Industries Ltd leads margin change at +4 percentage points.

LeaderStylam Industries Ltd · 21%
Gap61.5% versus #2 · Greenlam Industries Ltd
Persistence5/8 recent comparable periods
Coverage5/5 companies · 97 observations

Investor read: Stylam Industries Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Stylam Industries Ltd STYLAMIND21%
2Greenlam Industries Ltd GREENLAM13%
3Century Plyboards (India) Ltd CENTURYPLY12%
4Greenpanel Industries Ltd GREENPANEL10%
5Greenply Industries Ltd GREENPLY10%
Margin changefastest expanders
1Greenlam Industries Ltd GREENLAM+4.0 pp
2Stylam Industries Ltd STYLAMIND+2.0 pp
3Century Plyboards (India) Ltd CENTURYPLY+1.0 pp
4Greenply Industries Ltd GREENPLY+1.0 pp
5Greenpanel Industries Ltd GREENPANEL−2.7 pp
Operating margin · company comparison
5/5 level · 5/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
Stylam Industries Ltd STYLAMIND21%+2.0 ppJun 2026
Greenlam Industries Ltd GREENLAM13%+4.0 ppMar 2026
Century Plyboards (India) Ltd CENTURYPLY12%+1.0 ppMar 2026
Greenpanel Industries Ltd GREENPANEL10%−2.7 ppMar 2026
Greenply Industries Ltd GREENPLY10%+1.0 ppJun 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Century Plyboards (India) Ltd · CENTURYPLY

20%
18%
18%
16%
14%
15%
17%
15%
14%
11%
13%
11%
9.0%
11%
11%
11%
13%
13%
12%
—

Greenlam Industries Ltd · GREENLAM

10%
12%
11%
11%
10%
11%
14%
12%
13%
13%
13%
11%
12%
11%
9.0%
7.0%
13%
10%
13%
—

Greenpanel Industries Ltd · GREENPANEL

27%
26%
29%
28%
26%
22%
17%
17%
17%
16%
13%
10%
9.0%
5.0%
13%
-5.0%
6.0%
10%
10%
—

Greenply Industries Ltd · GREENPLY

11%
10%
9.9%
8.7%
9.6%
7.0%
7.0%
6.0%
8.0%
9.0%
10%
9.0%
8.0%
8.0%
7.0%
9.0%
7.0%
8.0%
11%
10%

Stylam Industries Ltd · STYLAMIND

14%
19%
11%
15%
16%
17%
17%
19%
20%
22%
20%
17%
21%
18%
16%
19%
19%
21%
20%
21%

Margin change · reported quarter history

Century Plyboards (India) Ltd · CENTURYPLY

+3.1 pp
+0.6 pp
+1.0 pp
+3.0 pp
−6.1 pp
−2.6 pp
−0.8 pp
−1.1 pp
+0.5 pp
−4.0 pp
−4.0 pp
−4.0 pp
−5.0 pp
0.0 pp
−2.0 pp
0.0 pp
+4.0 pp
+2.0 pp
+1.0 pp
—

Greenlam Industries Ltd · GREENLAM

−3.9 pp
−5.5 pp
−5.4 pp
−0.7 pp
+0.3 pp
−1.0 pp
+3.3 pp
+1.3 pp
+2.6 pp
+2.1 pp
−1.0 pp
−1.0 pp
−1.0 pp
−2.0 pp
−4.0 pp
−4.0 pp
+1.0 pp
−1.0 pp
+4.0 pp
—

Greenpanel Industries Ltd · GREENPANEL

+6.4 pp
+4.4 pp
+4.0 pp
+6.0 pp
−1.0 pp
−4.0 pp
−12.0 pp
−11.0 pp
−9.0 pp
−6.0 pp
−4.0 pp
−7.0 pp
−8.0 pp
−11.0 pp
0.0 pp
−15.0 pp
−3.0 pp
+5.0 pp
−2.7 pp
—

Greenply Industries Ltd · GREENPLY

+0.9 pp
−2.1 pp
−1.5 pp
+3.7 pp
−1.9 pp
−3.2 pp
−2.9 pp
−2.7 pp
−1.6 pp
+2.0 pp
+3.0 pp
+3.0 pp
0.0 pp
−1.0 pp
−3.0 pp
0.0 pp
−1.0 pp
0.0 pp
+4.0 pp
+1.0 pp

Stylam Industries Ltd · STYLAMIND

−7.1 pp
−1.8 pp
−9.2 pp
−5.0 pp
+1.8 pp
−1.7 pp
+5.9 pp
+4.0 pp
+3.9 pp
+5.0 pp
+3.0 pp
−2.0 pp
+1.0 pp
−4.0 pp
−4.0 pp
+2.0 pp
−2.0 pp
+3.0 pp
+4.0 pp
+2.0 pp
03 · compare level, then change

Profit Scale & Acceleration

Century Plyboards (India) Ltd has the highest Net profit among the 5 Plywood Boards/Laminates companies compared here, at ₹268 crore. Stylam Industries Ltd is next at ₹169 crore. The same company also holds the highest Profit growth, at 44.1%. 5 of 5 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Century Plyboards (India) Ltd leads with ₹268 crore of TTM profit, 58.6% above Stylam Industries Ltd. Century Plyboards (India) Ltd shows 44.1% growth from a ₹268 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderCentury Plyboards (India) Ltd · ₹268 crore
Gap58.6% versus #2 · Stylam Industries Ltd
Persistence4/8 recent comparable periods
Coverage5/5 companies · 92 observations

Investor read: Century Plyboards (India) Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Century Plyboards (India) Ltd CENTURYPLY₹268 Cr
2Stylam Industries Ltd STYLAMIND₹169 Cr
3Greenply Industries Ltd GREENPLY₹99 Cr
4Greenlam Industries Ltd GREENLAM₹56 Cr
5Greenpanel Industries Ltd GREENPANEL₹-2 Cr
Profit growthfastest growers
1Century Plyboards (India) Ltd CENTURYPLY44%
2Stylam Industries Ltd STYLAMIND39%
3Greenply Industries Ltd GREENPLY14%
4Greenlam Industries Ltd GREENLAM-18%
5Greenpanel Industries Ltd GREENPANEL-80%
Net profit · company comparison
5/5 level · 5/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
Century Plyboards (India) Ltd CENTURYPLY₹79 Cr49%Mar 2026
Stylam Industries Ltd STYLAMIND₹48 Cr71%Jun 2026
Greenlam Industries Ltd GREENLAM₹41 Cr4,000%Mar 2026
Greenply Industries Ltd GREENPLY₹38 Cr36%Jun 2026
Greenpanel Industries Ltd GREENPANEL₹1 Cr-97%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Century Plyboards (India) Ltd · CENTURYPLY

₹99 Cr
₹94 Cr
₹89 Cr
₹92 Cr
₹94 Cr
₹82 Cr
₹115 Cr
₹87 Cr
₹97 Cr
₹63 Cr
₹78 Cr
₹34 Cr
₹40 Cr
₹59 Cr
₹53 Cr
₹53 Cr
₹71 Cr
₹65 Cr
₹79 Cr
—

Greenlam Industries Ltd · GREENLAM

—
—
—
—
—
₹29 Cr
₹46 Cr
₹33 Cr
₹39 Cr
₹25 Cr
₹41 Cr
₹20 Cr
₹34 Cr
₹13 Cr
₹1 Cr
₹-16 Cr
₹32 Cr
₹-1 Cr
₹41 Cr
—

Greenpanel Industries Ltd · GREENPANEL

₹67 Cr
₹63 Cr
₹81 Cr
₹78 Cr
₹72 Cr
₹38 Cr
₹69 Cr
₹37 Cr
₹41 Cr
₹35 Cr
₹30 Cr
₹16 Cr
₹18 Cr
₹8 Cr
₹29 Cr
₹-35 Cr
₹-6 Cr
₹10 Cr
₹1 Cr
—

Greenply Industries Ltd · GREENPLY

₹32 Cr
₹30 Cr
₹29 Cr
₹21 Cr
₹24 Cr
₹36 Cr
₹11 Cr
₹1 Cr
₹14 Cr
₹27 Cr
₹28 Cr
₹33 Cr
₹18 Cr
₹24 Cr
₹17 Cr
₹28 Cr
₹16 Cr
₹14 Cr
₹31 Cr
₹38 Cr

Stylam Industries Ltd · STYLAMIND

₹15 Cr
₹16 Cr
₹17 Cr
₹21 Cr
₹24 Cr
₹24 Cr
₹27 Cr
₹28 Cr
₹32 Cr
₹31 Cr
₹38 Cr
₹28 Cr
₹34 Cr
₹30 Cr
₹30 Cr
₹28 Cr
₹37 Cr
₹46 Cr
₹38 Cr
₹48 Cr

Profit growth · reported quarter history

Century Plyboards (India) Ltd · CENTURYPLY

—
—
—
197%
-5.1%
-13%
29%
-5.4%
3.2%
-23%
-32%
-61%
-59%
-6.4%
-32%
56%
78%
10%
49%
—

Greenlam Industries Ltd · GREENLAM

—
—
—
—
—
—
—
—
—
-13%
-11%
-39%
-13%
-48%
-98%
-180%
-5.9%
-108%
4,000%
—

Greenpanel Industries Ltd · GREENPANEL

—
—
45%
160%
7.5%
-40%
-15%
-53%
-43%
-7.9%
-57%
-57%
-56%
-77%
-3.3%
-319%
-133%
25%
-97%
—

Greenply Industries Ltd · GREENPLY

—
—
—
425%
-25%
20%
-62%
-95%
-42%
-25%
155%
3,200%
29%
-11%
-39%
-15%
-11%
-42%
82%
36%

Stylam Industries Ltd · STYLAMIND

—
—
—
50%
60%
50%
59%
33%
33%
29%
41%
0.0%
6.3%
-3.2%
-21%
0.0%
8.8%
53%
27%
71%
04 · not available

Capacity Spending & Returns On It

No company in this Plywood Boards/Laminates comparison reports capital expenditure on a comparable basis, so there is nothing to rank here — 0 of 5 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Jun 2026.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.

Withheld from this comparison: Greenlam Industries Ltd (GREENLAM) — its two data sources disagree by up to 58% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Stylam Industries Ltd has the lowest Gross debt among the 5 Plywood Boards/Laminates companies compared here, at ₹29 crore. Greenpanel Industries Ltd is next at ₹370 crore. The same company also holds the lowest Net debt, at ₹40 crore net cash. 5 of 5 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Stylam Industries Ltd has the clearest covered balance-sheet capacity with ₹40 crore net cash and gross debt of ₹29 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderStylam Industries Ltd · ₹29 crore
Gap92.2% versus #2 · Greenpanel Industries Ltd
Persistence8/8 recent comparable periods
Coverage5/5 companies · 81 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Stylam Industries Ltd STYLAMIND₹29 Cr
2Greenpanel Industries Ltd GREENPANEL₹370 Cr
3Greenply Industries Ltd GREENPLY₹515 Cr
4Greenlam Industries Ltd GREENLAM₹1.2K Cr
5Century Plyboards (India) Ltd CENTURYPLY₹1.8K Cr
Net debtlowest net debt
1Stylam Industries Ltd STYLAMIND₹-40 Cr
2Greenpanel Industries Ltd GREENPANEL₹173 Cr
3Greenply Industries Ltd GREENPLY₹487 Cr
4Century Plyboards (India) Ltd CENTURYPLY₹1.7K Cr
Debt and balance-sheet capacity · company comparison
5/5 level · 4/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
Century Plyboards (India) Ltd CENTURYPLY₹1.8K Cr₹1.7K CrMar 2026
Greenlam Industries Ltd GREENLAM₹1.2K Cr—Mar 2026
Greenply Industries Ltd GREENPLY₹515 Cr₹487 CrJun 2026
Greenpanel Industries Ltd GREENPANEL₹370 Cr₹173 CrMar 2026
Stylam Industries Ltd STYLAMIND₹29 Cr₹-40 CrJun 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Century Plyboards (India) Ltd · CENTURYPLY

₹192 Cr
₹192 Cr
₹236 Cr
₹236 Cr
₹251 Cr
₹251 Cr
₹327 Cr
₹327 Cr
₹483 Cr
₹483 Cr
₹771 Cr
₹771 Cr
₹1.3K Cr
₹1.3K Cr
₹1.6K Cr
₹1.6K Cr
₹1.6K Cr
₹1.6K Cr
₹1.8K Cr
—

Greenlam Industries Ltd · GREENLAM

—
—
₹398 Cr
—
—
—
₹628 Cr
—
—
—
₹1.1K Cr
—
—
—
₹1.2K Cr
—
₹1.2K Cr
—
₹1.2K Cr
—

Greenpanel Industries Ltd · GREENPANEL

₹416 Cr
₹416 Cr
₹316 Cr
₹316 Cr
₹227 Cr
₹227 Cr
₹228 Cr
₹228 Cr
₹182 Cr
₹182 Cr
₹296 Cr
₹296 Cr
₹322 Cr
₹322 Cr
₹413 Cr
₹413 Cr
₹415 Cr
₹415 Cr
₹370 Cr
—

Greenply Industries Ltd · GREENPLY

₹202 Cr
₹202 Cr
₹309 Cr
₹309 Cr
₹528 Cr
₹528 Cr
₹695 Cr
₹696 Cr
₹757 Cr
₹757 Cr
₹549 Cr
₹549 Cr
₹453 Cr
₹453 Cr
₹515 Cr
₹515 Cr
₹542 Cr
₹542 Cr
₹515 Cr
—

Stylam Industries Ltd · STYLAMIND

₹68 Cr
₹68 Cr
₹79 Cr
₹79 Cr
₹88 Cr
₹88 Cr
₹47 Cr
₹47 Cr
₹5 Cr
₹5 Cr
₹0 Cr
₹1 Cr
₹7 Cr
₹7 Cr
₹36 Cr
₹36 Cr
₹0 Cr
—
₹29 Cr
—

Net debt · reported quarter history

Century Plyboards (India) Ltd · CENTURYPLY

₹22 Cr
₹22 Cr
₹-21 Cr
₹-25 Cr
₹-29 Cr
₹-29 Cr
₹67 Cr
₹49 Cr
₹438 Cr
₹438 Cr
₹707 Cr
₹704 Cr
₹1.2K Cr
₹1.2K Cr
₹1.5K Cr
₹1.5K Cr
₹1.6K Cr
₹1.6K Cr
₹1.7K Cr
—

Greenpanel Industries Ltd · GREENPANEL

₹263 Cr
₹263 Cr
₹94 Cr
₹93 Cr
₹-34 Cr
₹-34 Cr
₹-149 Cr
₹-149 Cr
₹-128 Cr
₹-128 Cr
₹58 Cr
₹58 Cr
₹121 Cr
₹121 Cr
₹188 Cr
₹188 Cr
₹191 Cr
₹191 Cr
₹173 Cr
—

Greenply Industries Ltd · GREENPLY

₹72 Cr
₹72 Cr
₹236 Cr
₹236 Cr
₹506 Cr
₹506 Cr
₹670 Cr
₹665 Cr
₹738 Cr
₹738 Cr
₹535 Cr
₹527 Cr
₹373 Cr
₹373 Cr
₹499 Cr
₹490 Cr
₹536 Cr
₹536 Cr
₹487 Cr
—

Stylam Industries Ltd · STYLAMIND

₹57 Cr
₹57 Cr
₹77 Cr
₹70 Cr
₹85 Cr
₹85 Cr
₹43 Cr
₹20 Cr
₹-67 Cr
₹-67 Cr
—
₹-71 Cr
₹-67 Cr
₹-67 Cr
₹-14 Cr
₹-15 Cr
—
—
₹-40 Cr
—
06 · compare level, then change

Return On Capital Employed

Stylam Industries Ltd has the highest ROCE among the 5 Plywood Boards/Laminates companies compared here, at 27%. Greenply Industries Ltd is next at 14.3%. Century Plyboards (India) Ltd has the highest ROCE change at +2.9 percentage points, so level and change sit with different companies. 5 of 5 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Stylam Industries Ltd leads ROCE at 27%, 12.7 percentage points above Greenply Industries Ltd. Century Plyboards (India) Ltd has the strongest latest improvement at +2.9 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderStylam Industries Ltd · 27%
Gap88.8% versus #2 · Greenply Industries Ltd
Persistence0/8 recent comparable periods
Coverage5/5 companies · 63 observations

Investor read: Stylam Industries Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Stylam Industries Ltd STYLAMIND27%
2Greenply Industries Ltd GREENPLY14%
3Greenpanel Industries Ltd GREENPANEL13%
4Century Plyboards (India) Ltd CENTURYPLY11%
5Greenlam Industries Ltd GREENLAM8.1%
ROCE changefastest improvers
1Century Plyboards (India) Ltd CENTURYPLY+2.9 pp
2Greenlam Industries Ltd GREENLAM+1.0 pp
3Greenply Industries Ltd GREENPLY+0.9 pp
4Stylam Industries Ltd STYLAMIND−0.1 pp
5Greenpanel Industries Ltd GREENPANEL−2.1 pp
Return on capital · company comparison
5/5 level · 5/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

Withheld from this chart: Greenlam Industries Ltd (GREENLAM) — its two data sources disagree by up to 58% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
Stylam Industries Ltd STYLAMIND24%−0.1 ppJun 2026
Greenply Industries Ltd GREENPLY16%+0.9 ppJun 2026
Century Plyboards (India) Ltd CENTURYPLY15%+2.9 ppMar 2026
Greenpanel Industries Ltd GREENPANEL0.8%−2.1 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Century Plyboards (India) Ltd · CENTURYPLY

28%
—
29%
—
30%
—
26%
—
23%
26%
18%
19%
14%
15%
12%
14%
13%
15%
15%
—

Greenpanel Industries Ltd · GREENPANEL

25%
28%
29%
35%
31%
34%
24%
22%
16%
15%
10%
10%
6.0%
5.1%
2.9%
0.8%
-0.9%
0.9%
0.8%
—

Greenply Industries Ltd · GREENPLY

24%
—
19%
—
16%
—
—
—
6.3%
11%
13%
15%
11%
15%
15%
15%
15%
13%
16%
—

Stylam Industries Ltd · STYLAMIND

28%
—
26%
—
28%
—
32%
—
31%
37%
30%
35%
27%
31%
24%
29%
24%
28%
24%
—

ROCE change · reported quarter history

Century Plyboards (India) Ltd · CENTURYPLY

—
—
—
—
+1.3 pp
—
−2.8 pp
—
−6.1 pp
—
−8.2 pp
—
−9.8 pp
−10.9 pp
−6.1 pp
−5.5 pp
−0.4 pp
0.0 pp
+2.9 pp
—

Greenpanel Industries Ltd · GREENPANEL

—
—
—
—
+6.3 pp
+5.2 pp
−5.3 pp
−13.0 pp
−15.1 pp
−18.4 pp
−13.7 pp
−12.1 pp
−9.7 pp
−10.1 pp
−7.4 pp
−9.5 pp
−6.9 pp
−4.2 pp
−2.1 pp
—

Greenply Industries Ltd · GREENPLY

—
—
—
—
−8.5 pp
—
—
—
−9.2 pp
—
—
—
+4.6 pp
+3.1 pp
+2.5 pp
−0.6 pp
+3.8 pp
−1.1 pp
+0.9 pp
—

Stylam Industries Ltd · STYLAMIND

—
—
—
—
−0.2 pp
—
+5.8 pp
—
+3.1 pp
—
−1.7 pp
—
−4.0 pp
−6.1 pp
−5.5 pp
−5.4 pp
−3.3 pp
−3.1 pp
−0.1 pp
—
07 · compare level, then change

Valuation Against Growth & Quality

Century Plyboards (India) Ltd has the lowest Guarded PEG among the 5 Plywood Boards/Laminates companies compared here, at 1.31×. Stylam Industries Ltd is next at 1.63×. Greenpanel Industries Ltd has the lowest P/E at 16.7×, so level and change sit with different companies. 3 of 5 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Century Plyboards (India) Ltd has the lowest comparable Guarded PEG at 1.31×, 19.6% below Stylam Industries Ltd. Only 3 of 5 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderCentury Plyboards (India) Ltd · 1.31×
Gap19.6% versus #2 · Stylam Industries Ltd
Persistence0/8 recent comparable periods
Coverage3/5 companies · 32 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Century Plyboards (India) Ltd CENTURYPLY1.3
2Stylam Industries Ltd STYLAMIND1.6
3Greenply Industries Ltd GREENPLY4.5
P/Elowest P/E
1Greenpanel Industries Ltd GREENPANEL16.7
2Greenply Industries Ltd GREENPLY33.3
3Stylam Industries Ltd STYLAMIND34.1
4Century Plyboards (India) Ltd CENTURYPLY65.6
5Greenlam Industries Ltd GREENLAM113.0
Valuation · company comparison
3/5 level · 5/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
Greenply Industries Ltd GREENPLY4.537.9Jun 2026
Stylam Industries Ltd STYLAMIND1.637.5Jun 2026
Century Plyboards (India) Ltd CENTURYPLY1.364.0Mar 2026
Greenpanel Industries Ltd GREENPANEL0.614.6Mar 2026
Greenlam Industries Ltd GREENLAM—163.1Mar 2026
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Century Plyboards (India) Ltd · CENTURYPLY

—
—
—
—
0.6
1.0
1.4
1.7
—
—
—
—
—
—
—
1.8
—
—
1.3
—

Greenpanel Industries Ltd · GREENPANEL

—
—
—
—
—
0.3
0.6
—
—
—
—
—
—
—
—
—
—
—
—
—

Greenply Industries Ltd · GREENPLY

1.7
0.5
0.4
0.4
—
1.2
2.7
—
—
—
—
—
1.2
0.8
—
2.0
—
—
—
4.5

Stylam Industries Ltd · STYLAMIND

—
1.1
—
2.2
3.8
0.5
—
0.9
0.6
0.9
0.6
—
1.0
1.5
1.9
—
—
0.6
0.9
1.6

P/E · reported quarter history

Century Plyboards (India) Ltd · CENTURYPLY

42.2
47.0
47.8
36.0
37.8
31.0
29.0
38.4
38.0
45.1
39.3
52.0
69.5
74.9
72.0
90.2
87.6
79.3
64.0
—

Greenlam Industries Ltd · GREENLAM

31.2
38.2
40.2
42.8
35.1
37.0
34.4
44.1
38.5
46.1
44.7
55.9
52.6
58.8
55.4
87.9
163.1
—
—
—

Greenpanel Industries Ltd · GREENPANEL

28.7
28.0
30.6
21.9
18.1
14.3
12.6
16.1
22.0
28.4
21.2
28.0
32.9
29.4
19.5
22.9
23.7
20.2
14.6
—

Greenply Industries Ltd · GREENPLY

29.2
28.2
24.4
22.2
19.8
17.2
17.0
24.9
27.6
42.9
45.4
52.3
45.6
38.7
34.1
42.6
45.7
40.5
31.9
37.9

Stylam Industries Ltd · STYLAMIND

30.5
27.6
22.4
22.2
26.8
24.6
19.1
28.0
28.4
26.4
22.5
25.2
26.4
30.2
21.4
23.0
22.9
29.9
26.0
37.5
08 · compare level, then change

Enterprise Value & Book Value

Greenpanel Industries Ltd has the lowest EV/EBITDA among the 5 Plywood Boards/Laminates companies compared here, at 8.4×. Greenply Industries Ltd is next at 16.5×. The same company also holds the lowest P/BV, at 1.81×. 5 of 5 companies report a comparable reading, the latest through Mar 2026. Its EV/EBITDA series carries 19 reported observations across the 20-quarter window.

What the numbers say: Greenpanel Industries Ltd leads both ev/ebitda at 8.4× and p/bv at 1.81×.

LeaderGreenpanel Industries Ltd · 8.4×
Gap49.1% versus #2 · Greenply Industries Ltd
Persistence0/8 recent comparable periods
Coverage5/5 companies · 97 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Greenpanel Industries Ltd GREENPANEL8.4
2Greenply Industries Ltd GREENPLY16.5
3Greenlam Industries Ltd GREENLAM22.0
4Stylam Industries Ltd STYLAMIND24.5
5Century Plyboards (India) Ltd CENTURYPLY27.8
P/BVlowest P/BV
1Greenpanel Industries Ltd GREENPANEL1.8
2Greenply Industries Ltd GREENPLY4.2
3Greenlam Industries Ltd GREENLAM5.5
4Century Plyboards (India) Ltd CENTURYPLY6.8
5Stylam Industries Ltd STYLAMIND7.2
Enterprise and book valuation · company comparison
5/5 level · 5/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
Century Plyboards (India) Ltd CENTURYPLY27.86.3Mar 2026
Stylam Industries Ltd STYLAMIND24.57.0Jun 2026
Greenlam Industries Ltd GREENLAM22.04.5Mar 2026
Greenply Industries Ltd GREENPLY16.54.2Jun 2026
Greenpanel Industries Ltd GREENPANEL8.41.6Mar 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Century Plyboards (India) Ltd · CENTURYPLY

24.8
27.7
28.4
20.5
22.1
18.6
17.4
24.2
23.9
28.5
24.5
30.1
37.4
36.7
33.6
36.2
38.0
34.7
27.8
—

Greenlam Industries Ltd · GREENLAM

17.3
20.8
21.3
21.8
19.6
20.5
18.8
24.4
22.1
26.7
24.4
26.5
24.4
25.8
23.0
25.2
27.2
26.2
22.0
—

Greenpanel Industries Ltd · GREENPANEL

15.0
15.3
17.4
12.8
10.2
7.9
7.0
9.0
12.2
16.0
12.7
15.5
18.1
16.2
10.9
12.8
13.2
11.3
8.4
—

Greenply Industries Ltd · GREENPLY

16.4
16.3
14.4
13.4
14.4
12.3
11.4
15.1
18.0
24.3
20.4
23.1
22.6
18.5
17.3
20.2
19.0
17.2
13.0
16.5

Stylam Industries Ltd · STYLAMIND

17.6
15.7
12.9
12.5
15.7
15.0
12.0
17.6
18.0
16.5
14.1
17.2
17.4
19.6
13.8
14.1
13.7
18.2
17.1
24.5

P/BV · reported quarter history

Century Plyboards (India) Ltd · CENTURYPLY

7.8
9.7
10.8
8.9
8.2
6.7
6.7
9.4
7.5
8.3
6.9
8.9
8.8
7.4
7.0
7.8
7.5
7.5
6.3
—

Greenlam Industries Ltd · GREENLAM

5.9
7.2
7.2
6.9
3.9
4.6
5.5
8.3
5.5
6.6
6.3
8.1
6.1
6.4
5.4
5.6
5.4
5.5
4.5
—

Greenpanel Industries Ltd · GREENPANEL

5.3
6.2
8.0
7.2
4.7
3.8
3.5
3.4
3.9
4.1
3.0
3.0
3.6
3.2
2.1
2.5
2.6
2.2
1.6
—

Greenply Industries Ltd · GREENPLY

5.1
5.3
4.9
4.8
3.8
3.1
3.2
4.1
3.1
4.5
4.3
6.1
6.6
5.2
4.7
5.5
4.7
3.9
2.8
4.2

Stylam Industries Ltd · STYLAMIND

7.5
6.3
5.3
5.2
5.1
5.3
5.2
8.5
7.1
6.2
5.6
7.9
6.4
6.7
4.7
5.2
4.2
5.2
5.1
7.0
09 · let price answer last

Market action

Stylam Industries Ltd has the strongest one-year price move in Plywood Boards/Laminates at +88.8%. It also leads on Mansfield relative strength against NIFTY at +42.8%. 4 of 5 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Plywood Boards/Laminates comparison names 6 specific ways its own evidence can mislead, all listed below. All 5 companies here report on comparable dates, so no rank carries a stale marker. 1 has second-feed figures withheld because the two sources disagree. 1 of the 8 ranked sections has fewer than three usable current readings.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
  • Thin comparisons: Capital expenditure have fewer than three usable current readings.
10 · the complete set

Which companies are included?

All 5 companies in the canonical Plywood Boards/Laminates membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentalsSource standing
Century Plyboards (India) Ltd CENTURYPLY₹17.6K Cr₹7922026-07-19Mar 2026Cross-checked
Greenlam Industries Ltd GREENLAMAHEAD₹6.5K Cr₹2562026-07-19Mar 2026Second feed withheld
Stylam Industries Ltd STYLAMINDAHEAD26/26 WEEKS₹5.8K Cr₹3,4172026-07-19Jun 2026Cross-checked
Greenply Industries Ltd GREENPLYAHEAD₹3.7K Cr₹2982026-07-19Jun 2026Cross-checked
Greenpanel Industries Ltd GREENPANEL₹2.4K Cr₹1942026-07-19Mar 2026Cross-checked
How each company's sources stand: 1 of 5 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Greenlam Industries Ltd (GREENLAM) — its two data sources disagree by up to 58% on reported income across 14 comparable periods, so its derived ratios are withheld.
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 5 Plywood Boards/Laminates companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing4 cross-checked · 0 unverified · 1 withheld, of 5 graded companies.

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.

Questions investors ask · short, speakable answers

Plywood Boards/Laminates company comparison FAQs

These 18 answers restate the Plywood Boards/Laminates comparison above in question form. Every one is computed from the same 5 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.

What is the Nifty Plywood Boards/Laminates index?

The Nifty Plywood Boards/Laminates index tracks India's listed Plywood Boards/Laminates companies as a single basket. This page follows the same 5 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Plywood Boards/Laminates sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Plywood Boards/Laminates stocks in India?

Ranked by this page's four-factor score, Stylam Industries Ltd places first among 5 listed Plywood Boards/Laminates companies, followed by Century Plyboards (India) Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Plywood Boards/Laminates stocks are listed in India?

This comparison covers 5 listed Plywood Boards/Laminates companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Plywood Boards/Laminates company is the biggest?

Century Plyboards (India) Ltd is the largest, with trailing-twelve-month revenue of ₹5,397 crore, ahead of Greenlam Industries Ltd at ₹3,046 crore. That covers 5 of 5 companies with comparable reporting through Mar 2026.

Which Plywood Boards/Laminates company is growing fastest?

Century Plyboards (India) Ltd has the fastest revenue growth at 19.2% year on year, across 5 of 5 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Plywood Boards/Laminates company has the best profit margins?

Stylam Industries Ltd has the highest operating margin at 21%, from 5 of 5 comparable companies. Greenlam Industries Ltd shows the biggest recent improvement, at +4 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Plywood Boards/Laminates company makes the most profit?

Century Plyboards (India) Ltd earns the most, at ₹268 crore of trailing-twelve-month net profit, from 5 of 5 comparable companies. Century Plyboards (India) Ltd has the fastest profit growth at 44.1%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Plywood Boards/Laminates company earns the highest return on capital?

Stylam Industries Ltd leads on return on capital employed at 27%, across 5 of 5 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Plywood Boards/Laminates stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Century Plyboards (India) Ltd screens cheapest at 1.31×. Only 3 of 5 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Plywood Boards/Laminates company has the strongest balance sheet?

Stylam Industries Ltd carries the lowest comparable gross debt at ₹29 crore, from 5 of 5 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Plywood Boards/Laminates stock has the strongest price momentum?

Stylam Industries Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Plywood Boards/Laminates company scores highest for research priority?

Stylam Industries Ltd scores 69.4 out of 100 with 97% evidence confidence, from 20.4 points on growth and earnings, 20.8 on capital efficiency, 8.2 on valuation and 20 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Plywood Boards/Laminates companies does this comparison cover, and over what period?

It compares 5 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Plywood Boards/Laminates sector?

The 5 Plywood Boards/Laminates companies on this page carry ₹36,030 crore of combined market value. Century Plyboards (India) Ltd is the largest at ₹17,601 crore, about 49% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

What is the Plywood Boards/Laminates sector's P/E ratio?

The median price-to-earnings ratio across the 5 Plywood Boards/Laminates companies on this page is 34.1×, measured on the 5 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.

How is the Plywood Boards/Laminates sector performing?

4 of the 5 covered Plywood Boards/Laminates companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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