Greenply Industries Ltd: Why Is It Outperforming Nifty 500?

Greenply Industries Ltd's latest quarterly results (Mar 2026) show

• PAT Growth YoY: +82.4% (turning around (inflection up))
• Revenue Growth YoY: +19.6%
• Operating Margin: 11.0% (volatile)

Greenply Industries Ltd's profit is growing with an turning around (inflection up) trend.

• PAT Growth YoY: +82.4% (latest quarter)
• PAT Growth QoQ: +121.4% (sequential)
• 3-Year PAT CAGR: -0.4%
• Trend: Turning around (inflection up) — consistent growth pattern

Greenply Industries Ltd's revenue growth trend is accelerating.

• Revenue Growth YoY: +19.6%
• Revenue Growth QoQ: +15.3% (sequential)
• 3-Year Revenue CAGR: +18.1%

Greenply Industries Ltd's operating margin is volatile.

• Current OPM: 11.0%
• OPM Change YoY: +4.0% basis points
• OPM Change QoQ: +3.0% basis points

Greenply Industries Ltd's long-term compounding rates

• 3-Year Profit CAGR: -0.4%
• 3-Year Revenue CAGR: +18.1%

Greenply Industries Ltd's earnings growth is turning around (inflection up) with improving on a sequential basis.

• YoY Acceleration: +124.1% bps
• Sequential Acceleration: +62.5% bps

Greenply Industries Ltd's trailing twelve month (TTM) performance

• TTM PAT: ₹89 Cr
• TTM PAT Growth: -3.3% YoY
• TTM Revenue: ₹3,000 Cr
• TTM Revenue Growth: +10.1% YoY
• TTM Operating Margin: 8.8%

Greenply Industries Ltd appears significantly overvalued based on our fair value analysis.

• Valuation Signal: Significantly Overvalued
• Current PE: 37.9x
• Price-to-Book: 4.2x

Greenply Industries Ltd's current PE ratio is 37.9x.

• Current PE: 37.9x
• Market Cap: 3.8K Cr
• Dividend Yield: 0.16%

Greenply Industries Ltd's current PE is 37.9x.

• Current PE: 37.9x
• Valuation Assessment: Significantly Overvalued

Greenply Industries Ltd's price-to-book ratio is 4.2x.

• Price-to-Book (P/B): 4.2x
• Book Value per Share: ₹72
• Current Price: ₹303

Greenply Industries Ltd is rated Average with a fundamental score of 57.35/100. This score is calculated from objective financial metrics

• Revenue Growth YoY: +19.6% (10% weight)
• PAT Growth YoY: +82.4% (10% weight)
• PAT Growth QoQ: +121.4% (10% weight)
• Margins stable (10% weight)

Greenply Industries Ltd has a debt-to-equity ratio of N/A.

• Total Debt: ₹515 Cr

Greenply Industries Ltd's return ratios over recent years

• FY2024: ROCE 11.0%
• FY2025: ROCE 12.0%
• FY2026: ROCE 14.0%

Greenply Industries Ltd's operating cash flow is positive (FY2026).

• Cash from Operations (CFO): ₹247 Cr
• Free Cash Flow (FCF): ₹95 Cr
• CFO/PAT Ratio: 274% (strong cash conversion)

Greenply Industries Ltd's current dividend yield is 0.16%.

• Dividend Yield: 0.16%
• Current Price: ₹303

Greenply Industries Ltd's shareholding pattern (Mar 2026)

• Promoters: 51.9%
• FII (Foreign): 4.2%
• DII (Domestic): 31.8%
• Public: 12.1%

Greenply Industries Ltd's promoter holding has increased recently.

• Current Promoter Holding: 51.9% (Mar 2026)
• Previous Quarter: 51.8% (Dec 2025)
• Change: +0.10% (increasing — positive signal)

Greenply Industries Ltd has been outperforming Nifty 500 for 3 consecutive weeks, indicating early-stage outperformance.

Greenply Industries Ltd is an established outperformer with 3 weeks of consecutive Nifty 500 outperformance.

Based on quantitative research signals, here is why Greenply Industries Ltd may be worth studying

• Earnings growing at +82.4% YoY
• Revenue growth is accelerating — +19.6% YoY
• Cash flow is positive — CFO ₹247 Cr

Greenply Industries Ltd investment thesis summary:

Greenply Industries Ltd's forward outlook based on current data signals

• Earnings Trend: turning around (inflection up)
• Revenue Trend: accelerating
• Margin Trend: volatile
• Valuation: Significantly Overvalued