Plywood and Laminate Stocks and Companies in India

The largest Plywood and Laminate stocks in India by market value are Century Plyboards (India) (₹14,203 crore), Greenlam Industries (₹5,197 crore) and Stylam Industries (₹5,321 crore), at prices of 6 Nov 2026.

• Century Plyboards (India): ₹639.25 | market value ₹14,203 crore | P/E 47.9
• Greenlam Industries: ₹203.70 | market value ₹5,197 crore | P/E 56.4
• Stylam Industries: ₹3,139.10 | market value ₹5,321 crore | P/E 30.4
• Greenply Industries: ₹266.30 | market value ₹3,326 crore | P/E 24.0
• Greenpanel Industries: ₹142.38 | market value ₹1,746 crore | P/E 259.4

Share price | market value | P/E, biggest first. Prices, market values and ratios at the official close of 6 Nov 2026; the score list below uses the weekly figures.

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 30 Oct 2026.

All 5 listed Indian Plywood Boards/Laminates companies are named here, largest first. This is the set of companies people mean when they search for a Nifty Plywood Boards/Laminates index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. Every figure is equal-weighted across those companies and carries its own as-of date.

1. Century Plyboards (India) Ltd₹14,100 cr
2. Greenlam Industries Ltd₹5,280 cr
3. Stylam Industries Ltd₹4,650 cr
4. Greenply Industries Ltd₹3,530 cr
5. Greenpanel Industries Ltd₹1,620 cr

5 Plywood and Laminate companies in the Plywood Boards/Laminates industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 5 are listed below, largest first. The largest is Century Plyboards (India) (₹14,117 crore) and the smallest with a market value is Greenpanel Industries.

Download all 5 Plywood and Laminate companies (CSV)

The line below covers up to 5.1 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 19% behind NIFTY 500. Earnings across its companies fell 3% on average over the last four reported quarters.

Price down, no fundamental support. 1 of 5 companies pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high).

Not ahead of NIFTY 500 on the three-month view this week; 1 of the 5 companies in the industry index above their 200-day average (1 fewer than four weeks earlier); 1 of those 5 pass the momentum test (1 more than four weeks earlier); earnings rising at 4 of the 5 that report earnings.

Behind NIFTY 500 by −7.6% over a year, with participation off the floor of its own 26-week range. Earnings confirming, 4 of 5 members have higher trailing twelve-month earnings than a year ago.

Both lines start at 200 in the same week, so the gap between them tells the 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 set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same 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 or tap any point to read both values and the gap.

Plywood Boards/Laminates has done worse than the NIFTY 500 by 8.2% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 11.1%. Greenply Industries Ltd is the strongest against the sector itself at +18.9%.

Plywood Boards/Laminates has done worse than the NIFTY 500 by 8.2% over 52 weeks and by 11.1% over 13 weeks. 1 of 5 companies we track is beating the NIFTY on relative strength (how a share price has done against the index over recent months), and 2 of 5 are ahead of the industry itself.

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Greenply Industries Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 100% evidence confidence.

Stylam Industries Ltd has the strongest one-year price move in Plywood Boards/Laminates at +34.0%. Greenply Industries Ltd leads on relative strength against the NIFTY, at +11.9%. 2 of 5 companies we track are ahead of the index on that measure. Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts: the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Plywood Boards/Laminates itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

5 of 5 Plywood Boards/Laminates companies held a results call for April to June 2026. Greenpanel Industries guided: Domestic MDF volumes to ramp over the remaining nine months, aiming for improved full-year relative market share.

From the results calls for April to June 2026.

Big funds, foreign and Indian, cut their stake by 0.9 points over the last two quarters. Founders and promoters raised theirs by 0.8 points.

• Spending on new plants and equipment was ₹830 crore in the last 12 months, 35% less than a year before.
• Projects still being built shrank 45% in a year.
• 1 Plywood Boards/Laminates call in the last quarters talked about adding capacity.

Big funds = foreign and Indian institutions, change in their share of ownership across 5 Plywood Boards/Laminates companies, in percentage points.

Ownership and spending as of 10 October 2026.

This is the written read behind the Plywood Boards/Laminates figures above: what is actually happening in the industry, in words, with the evidence each claim rests on. It is dated 17 Apr 2026, so the words are older than the numbers. 3 themes are live here, 1 of them rated high severity.

Despite missing top-line guidance and facing regulatory and geopolitical headwinds, STYLAMIND's ability to expand margins and its confident forward guidance make the sector outlook positive. The impending ownership change, combined with a raised CAPEX plan of Rs. 300 crores plus, provides a clear runway for future growth.

The Plywood Boards/Laminates sector, represented entirely by STYLAMIND in this analysis, is navigating a complex global environment while delivering margin expansion. For the quarter ended December 2025, STYLAMIND reported an 8.18% year-on-year revenue growth, reaching Rs. 271 crores. This performance missed the company's 10.16% growth guidance.

How old this read is: OLD: this read comes from our Plywood Boards/Laminates sector brief dated 17 Apr 2026, about 7 months ago. The page says so rather than dressing it up, and a fresh sector dive replaces it the day it runs.

What is live in this sector right now

Sources: our Plywood Boards/Laminates sector brief, 17 Apr 2026 · company earnings-call transcripts.

Century Plyboards (India) Ltd has the highest Revenue among the 5 Plywood Boards/Laminates companies compared here, at ₹5,789 crore. Greenlam Industries Ltd is next at ₹3,169 crore. The same company also has the highest Revenue growth, at 23.4%. 5 of 5 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Century Plyboards (India) Ltd is the largest at ₹5,789 crore, 82.7% ahead of Greenlam Industries Ltd. Century Plyboards (India) Ltd's growth is 23.4% from a ₹5,789 crore base, with 20 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: Century Plyboards (India) Ltd is both the largest and the fastest-growing company here; the growth has to turn into margin and returns before it counts as more than a fast start.

This conclusion weakens if: Century Plyboards (India) Ltd's revenue growth slows for two consecutive comparable reports while its 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.

Revenue · company comparison

Revenue · largest

Revenue growth · fastest growers

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

Stylam Industries Ltd has the highest OPM among the 5 Plywood Boards/Laminates companies compared here, at 17%. Greenlam Industries Ltd is next at 10%. Greenpanel Industries Ltd has the highest Margin change at +13.4 percentage points, so level and change sit with different companies. 5 of 5 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Stylam Industries Ltd leads opm at 17%; Greenpanel Industries Ltd leads margin change at +13.4 percentage points.

What this means: Stylam Industries Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Operating margin · company comparison

OPM · highest

Margin change · fastest expanders

All-company data · latest reported quarter

Century Plyboards (India) Ltd has the highest Net profit among the 5 Plywood Boards/Laminates companies compared here, at ₹298 crore. Stylam Industries Ltd is next at ₹174 crore. Greenply Industries Ltd has the highest Profit growth at 48.2%, so level and change sit with different companies. 5 of 5 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Century Plyboards (India) Ltd earns the most, ₹298 crore of profit over the last 12 months, 71.3% above Stylam Industries Ltd. Greenply Industries Ltd shows 48.2% growth from a profit base of ₹126 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: Century Plyboards (India) Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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 profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

Stylam Industries Ltd has the highest ROCE among the 5 Plywood Boards/Laminates companies compared here, at 26.6%. Greenply Industries Ltd is next at 14.3%. Greenply Industries Ltd has the highest ROCE change at +3.4 percentage points, so level and change sit with different companies. 5 of 5 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Stylam Industries Ltd leads ROCE at 26.6%, 12.3 percentage points above Greenply Industries Ltd. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

What this means: Stylam Industries Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Return on capital · company comparison

Withheld from this chart: Greenlam Industries Ltd (GREENLAM): its two data sources disagree by up to 58% on reported income across 15 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.

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

Greenpanel Industries Ltd has the lowest PEG among the 5 Plywood Boards/Laminates companies compared here, at 0.55×. Stylam Industries Ltd is next at 0.85×. Greenply Industries Ltd has the lowest P/E at 25.5×, so level and change sit with different companies. 4 of 5 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Greenpanel Industries Ltd has the lowest comparable PEG at 0.55×, 35.3% below Stylam Industries Ltd. That would need today's multiple, the company's own history and steady growth to agree.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

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 worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

Valuation · company comparison

PEG · lowest PEG

P/E · lowest P/E

All-company data · latest reported quarter

Plywood Boards/Laminates companies show up on 3 of our India lists. The most are on the 52 week high & low list (3 companies).

This Plywood Boards/Laminates comparison names 5 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-source figures left out because the two sources disagree. A high growth rate can still come from a very small starting figure.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• 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-source figures on purpose: the two sources disagree, so nothing from the second is drawn. Those rows have less evidence; that does not make the business weaker.

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 Sep 2026 and market data through 30 October 2026.

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 15 comparable periods, so its derived ratios are withheld.

These 24 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 Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.