Sector Alpha Week of 2026-08-05
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.

01 · the index people search for

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.

02 · the sector itself · before any single company

How has Plywood Boards/Laminates moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 3% behind NIFTY 500. Earnings across its companies grew 0% on average over the last four reported quarters — close to flat. 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 (+0) · 3/5 lead (+0) · EPS 3/5↑

20030040020262025202420232022 405333 TRAILING 12-MONTH EPS · 100 AT THE START0100111Jun 22Dec 22Jun 23Dec 23Jun 24Dec 24Jun 25Dec 25Jun 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 4 reportingSep 2022 · trailing 12-month earnings per share at 106, against 100 at the start · no comparable year yet · 4 reportingDec 2022 · trailing 12-month earnings per share at 111, against 100 at the start · up 24.0% on a year ago · 4 reportingMar 2023 · trailing 12-month earnings per share at 111, against 100 at the start · up 6.7% on a year ago · 4 reportingJun 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 12.1% on a year ago · 4 reportingSep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 17.0% on a year ago · 5 reportingDec 2023 · trailing 12-month earnings per share at 97, against 100 at the start · down 15.5% on a year ago · 5 reportingMar 2024 · trailing 12-month earnings per share at 87, against 100 at the start · down 19.4% on a year ago · 5 reportingJun 2024 · trailing 12-month earnings per share at 85, against 100 at the start · down 1.0% 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 reportingJun 2026 · trailing 12-month earnings per share at 87, against 100 at the start · up 39.4% on a year ago · 3 reportingNot reported yet — earnings trail price by a quarter or two87No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20030040020262025202420232022 405333 TRAILING 12-MONTH EPS · 100 AT THE START0100111Jun 22Jun 23Jun 24Jun 25Jun 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 4 reportingSep 2022 · trailing 12-month earnings per share at 106, against 100 at the start · no comparable year yet · 4 reportingDec 2022 · trailing 12-month earnings per share at 111, against 100 at the start · up 24.0% on a year ago · 4 reportingMar 2023 · trailing 12-month earnings per share at 111, against 100 at the start · up 6.7% on a year ago · 4 reportingJun 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 12.1% on a year ago · 4 reportingSep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 17.0% on a year ago · 5 reportingDec 2023 · trailing 12-month earnings per share at 97, against 100 at the start · down 15.5% on a year ago · 5 reportingMar 2024 · trailing 12-month earnings per share at 87, against 100 at the start · down 19.4% on a year ago · 5 reportingJun 2024 · trailing 12-month earnings per share at 85, against 100 at the start · down 1.0% 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 reportingJun 2026 · trailing 12-month earnings per share at 87, against 100 at the start · up 39.4% on a year ago · 3 reportingNot reported yet — earnings trail price by a quarter or twoNo 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

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.

03 · sector relative strength, before individual stocks

Is Plywood Boards/Laminates outperforming NIFTY 500?

Plywood Boards/Laminates has outperformed NIFTY 500 by 5.4% over the last 52 weeks. Over 13 weeks the gap is a lead of 8%. 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 +35%. Readings are as of 2026-07-19.

+8.0%Sector vs NIFTY 500 · 13 weeks
+5.4%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

Plywood Boards/Laminates has outperformed NIFTY 500 by 5.4% over 52 weeks and 8% over 13 weeks. 4 of 5 covered companies beat NIFTY on Mansfield relative strength, while 1 of 5 beat the sector itself. Century Plyboards (India) Ltd leads with revenue of ₹5,789 crore, based on 5 of 5 comparable companies through Jun 2026.

Companies
5
complete canonical membership
Combined market value
₹35.9K Cr
Century Plyboards (India) Ltd
Revenue growing
5/5
positive TTM year-on-year growth
Beating NIFTY 500
4/5
positive Mansfield relative strength
Comparing 5 of 5
04 · 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 100% 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.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Stylam Industries LtdSTYLAMIND 68.6/100Favorable setup100% evidence LEADER 20.0/35 Revenue 9.9% · PAT 38.5% · OPM change 2 pp 100% evidence 20.4/25 ROCE 27% · OPM 21% 100% evidence 8.2/20 P/E 33.8× · PEG 1.63 100% evidence 20.0/20 RS sector 35% · RS bench 44.2% · 1Y 80%12 of 12 weeks ahead 100% evidence
Exact sum: 20 + 20.4 + 8.2 + 20 = 68.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Century Plyboards (India) LtdCENTURYPLY 58.0/100Mixed-positive evidence100% evidence ASLEEP 31.8/35 Revenue 23.4% · PAT 45.4% · OPM change 2 pp 100% evidence 9.7/25 ROCE 11.4% · OPM 13% 100% evidence 10.4/20 P/E 59.9× · PEG 1.31 100% evidence 6.1/20 RS sector -4.4% · RS bench 2.7% · 1Y 7.6%3 of 12 weeks ahead 100% evidence
Exact sum: 31.8 + 9.7 + 10.4 + 6.1 = 58 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -4.4% and the one-year return is 7.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
3Greenply Industries LtdGREENPLY 44.5/100Mixed-negative evidence94% evidence TURNING 18.2/35 Revenue 14.3% · PAT 13.8% · OPM change 1 pp 100% evidence 11.6/25 ROCE 14.3% · OPM 10% 100% evidence 6.2/20 P/E 31.8× · PEG 4.51 100% evidence 8.5/20 RS sector -20.3% · RS bench 4.4% · 1Y -14.2%11 of 11 weeks ahead 70% evidence
Exact sum: 18.2 + 11.6 + 6.2 + 8.5 = 44.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Greenlam Industries LtdGREENLAM 42.4/100Mixed-negative evidence72% evidence TURNING 20.5/35 Revenue 18.5% · PAT -17.6% · OPM change 4 pp 83% evidence 6.2/25 ROCE 8.1% · OPM 13% 76% evidence 5.1/20 P/E 111× · PEG — 50% evidence 10.6/20 RS sector -1.4% · RS bench 2.4% · 1Y 2%6 of 10 weeks ahead 70% 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.
5Greenpanel Industries LtdGREENPANEL 31.1/100Adverse evidence86% evidence ASLEEP 4.1/35 Revenue 3.9% · PAT -80% · OPM change -2.7 pp 88% evidence 12.3/25 ROCE 12.9% · OPM 10.3% 100% evidence 14.7/20 P/E 16.6× · PEG — 50% evidence 0.0/20 RS sector -23.5% · RS bench -18.1% · 1Y -39.8%0 of 12 weeks ahead 100% evidence
Exact sum: 4.1 + 12.3 + 14.7 + 0 = 31.1 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
05 · what price has already done

Market action

Stylam Industries Ltd has the strongest one-year price move in Plywood Boards/Laminates at +80%. It also leads on Mansfield relative strength against NIFTY at +44.2%. 4 of 5 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

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.

06 · 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 ₹5,789 crore. Greenlam Industries Ltd is next at ₹3,046 crore. The same company also holds the highest Revenue growth, at 23.4%. 5 of 5 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Century Plyboards (India) Ltd is the scale leader at ₹5,789 crore, 90.1% ahead of Greenlam Industries Ltd. Century Plyboards (India) Ltd's growth is 23.4% from a ₹5,789 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderCentury Plyboards (India) Ltd · ₹5,789 crore
Gap90.1% versus #2 · Greenlam Industries Ltd
Persistence8/8 recent comparable periods
Coverage5/5 companies · 93 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₹5.8K 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
4Stylam Industries Ltd STYLAMIND9.9%
Revenue · company comparison
5/5 level · 5/5 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

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.

CompanyRevenueRevenue growthReported
Century Plyboards (India) Ltd CENTURYPLY₹1.6K Cr34%Jun 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
₹1.6K 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%
34%

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%
07 · 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%. Century Plyboards (India) 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 · Century Plyboards (India) Ltd
Persistence5/8 recent comparable periods
Coverage5/5 companies · 98 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.
Margin changefastest expanders
1Greenlam Industries Ltd GREENLAM+4.0 pp
3Stylam Industries Ltd STYLAMIND+2.0 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
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Stylam Industries Ltd STYLAMIND21%+2.0 ppJun 2026
Century Plyboards (India) Ltd CENTURYPLY13%+2.0 ppJun 2026
Greenlam Industries Ltd GREENLAM13%+4.0 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%
13%

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
+2.0 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
08 · 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 ₹298 crore. Stylam Industries Ltd is next at ₹169 crore. The same company also holds the highest Profit growth, at 45.4%. 5 of 5 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Century Plyboards (India) Ltd leads with ₹298 crore of TTM profit, 76.3% above Stylam Industries Ltd. Century Plyboards (India) Ltd shows 45.4% growth from a ₹298 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderCentury Plyboards (India) Ltd · ₹298 crore
Gap76.3% versus #2 · Stylam Industries Ltd
Persistence5/8 recent comparable periods
Coverage5/5 companies · 93 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₹298 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
2Stylam Industries Ltd STYLAMIND39%
Net profit · company comparison
5/5 level · 5/5 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Century Plyboards (India) Ltd CENTURYPLY₹83 Cr57%Jun 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
₹83 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%
57%

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%
09 · 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%
ROCE changefastest improvers
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

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
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 ppJun 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
10 · compare level, then change

Valuation Against Growth & Quality

Century Plyboards (India) Ltd has the lowest 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 16.6×, so level and change sit with different companies. 3 of 5 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Century Plyboards (India) Ltd has the lowest comparable PEG at 1.31×, 19.6% below Stylam Industries Ltd. Only 3 of 5 companies have earnings and growth steady enough for the ratio to mean anything, 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 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.
PEGlowest PEG
2Stylam Industries Ltd STYLAMIND1.6
P/Elowest P/E
3Stylam Industries Ltd STYLAMIND33.8
Valuation · company comparison
3/5 level · 5/5 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Greenply Industries Ltd GREENPLY4.537.9Jun 2026
Stylam Industries Ltd STYLAMIND1.637.5Jun 2026
Century Plyboards (India) Ltd CENTURYPLY1.362.5Jun 2026
Greenpanel Industries Ltd GREENPANEL0.614.6Mar 2026
Greenlam Industries Ltd GREENLAM163.1Mar 2026
Full 20-quarter history · every available company

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
62.5

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
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

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-feed figures withheld because the two sources disagree. A high growth rate can still be a low-base artefact.

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.
12 · 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 2026-07-31. 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 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG 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.
How a second data feed is admitted, and what happens when it disagrees

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.

13 · questions investors ask, short speakable answers

Plywood Boards/Laminates company comparison FAQs

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 Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Plywood Boards/Laminates sector outperforming NIFTY 500?

Plywood Boards/Laminates has outperformed NIFTY 500 by 5.4% over 52 weeks and 8% over 13 weeks. 4 of 5 covered companies beat NIFTY on Mansfield relative strength, while 1 of 5 beat the sector itself.

Which Plywood Boards/Laminates company is largest by revenue?

Century Plyboards (India) Ltd leads with revenue of ₹5,789 crore, based on 5 of 5 comparable companies through Jun 2026.

Which Plywood Boards/Laminates company is growing fastest?

Century Plyboards (India) Ltd has the fastest current revenue growth at 23.4%, across 5 of 5 comparable companies.

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

Stylam Industries Ltd ranks first at 68.6/100 with 100% evidence confidence. The score prioritizes research; it is not a buy recommendation.

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

Century Plyboards (India) Ltd has the lowest comparable PEG at 1.31, among 3 of 5 companies whose earnings and growth are steady enough for the ratio to mean anything.

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

The page compares up to 20 reported quarters per company for fundamentals, returns 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.

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 ₹5,789 crore, ahead of Greenlam Industries Ltd at ₹3,046 crore. That covers 5 of 5 companies with comparable reporting through Jun 2026.

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 ₹298 crore of trailing-twelve-month net profit, from 5 of 5 comparable companies. Century Plyboards (India) Ltd has the fastest profit growth at 45.4%, 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 PEG — where a LOWER number is cheaper — Century Plyboards (India) Ltd screens cheapest at 1.31×. Only 3 of 5 companies have earnings and growth steady enough for the ratio to mean anything, 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.

Is the Plywood Boards/Laminates sector beating the market?

Plywood Boards/Laminates has outperformed NIFTY 500 by 5.4% over the last 52 weeks and 8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 4 of 5 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

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 68.6 out of 100 with 100% evidence confidence, from 20 points on growth and earnings, 20.4 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, 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 ₹35,850 crore of combined market value. Century Plyboards (India) Ltd is the largest at ₹17,763 crore, about 50% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

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 33.8×, 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 2026-08-05.

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. The sector itself is 5.4% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

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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