Today, we are going to estimate the GreenPanel Share Price Target 2024 to 2050 Long Term Prediction. GreenPanel is listed on the NSE under the symbol “GREENPANEL” and on the BSE with the code “542857“. let’s analyze the future of GreenPanel Share Price Target as well, including whether it’s a good time to buy or sell them today.
Additionally, we will also take into analysis GreenPanel Share Price Target Recommendations from various brokerage firms, including Target’s High Price, Target’s Low Price and Recommendation Key Buy or Sell at the end of the article.
Profile of GreenPanel
| Name | Greenpanel Industries Limited |
| Industry | Wholesale Building Materials |
| Founded | The company evolved from a saw-mill in 1984 to a plywood manufacturing plant in Nagaland in 1988. |
| Services | Manufacturing and marketing of plywood, blockboards, decorative veneers, flush doors, etc. |
| Products | Medium Density Fibreboard (MDF), Plywood, Veneers, Flooring, Doors |
| Country | India |
| Website | Greenpanel |
| Profile | GreenPanel |
Keep an eye on GreenPanel’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in GreenPanel’s stock price.
Financial of GreenPanel
An effective method for evaluating the GreenPanel share price Target is by examining research reports and analyses conducted by reputable financial institutions and brokerage firms. The latest research reports are available on GreenPanel Share Price Target.
| DATE | AUTHOR | TARGET | TYPE |
|---|---|---|---|
| 2 FEB 2024 | HDFC Securities | 445 | Buy |
The financial services firm HDFC Securities published the latest research report on 2 FEB 2024 for GreenPanel’s Share Price Target, assigning a ‘Buy’ rating with a share price target of Rs. 445 from its current market price of Rs. 388 as on 1 Feb 2024.
The reasons behind the continued confidence in Greenpanel lie in several key factors. Firstly, the company maintains a strong leadership position in the MDF sector, which is poised for robust growth. Additionally, Greenpanel boasts an extensive retail presence, with 85% of its sales coming from the retail segment in the fiscal year 2023. The company’s healthy profit margins and working capital profile add to its attractiveness to investors.
However, Q3FY24 proved to be a challenging period for Greenpanel as its revenue, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), and Adjusted Profit After Tax (APAT) witnessed a YoY decline of 8%, 35%, and 8%, respectively. Several factors contributed to this downturn, including a surge in imports, increased domestic capacity additions, and soaring timber prices, which led to flattened sales volumes YoY and compressed gross margins.
The management at Greenpanel expects that the situation will improve in the future, particularly in FY25, as MDF imports are anticipated to decrease following the implementation of the Bureau of Indian Standards (BIS) regulations. Furthermore, Greenpanel is set to expand its MDF capacity by 35% (equivalent to 231,000 cubic meters) by the end of Q3FY25.
Q3FY24 results were lower than market expectations, with revenue, EBITDA, and APAT missing estimates by 4%, 11%, and 4%, respectively. This sharp miss of 7%, 25%, and 25% compared to consensus estimates highlights the challenges faced by the company.
Domestic MDF sales volumes remained largely unchanged YoY, with domestic sales increasing by 4% and exports declining by 15%. However, on a quarter-on-quarter (QoQ) basis, Greenpanel managed to achieve a 2% growth in sales, driven by a 9% increase in domestic sales, although exports saw a significant decline of 21%. Changes in sales mix, particularly higher sales to original equipment manufacturers (OEMs), contributed to a 4% QoQ decline in domestic MDF net selling rates (NSR). Export NSR, on the other hand, grew by 2% YoY and 6% QoQ. Timber prices experienced a 2% QoQ rise in the north and a 4% QoQ rise in the south, partially offset by lower resin prices.
MDF margins fell by 160 basis points QoQ to 19.6%, primarily due to higher advertising spends. Meanwhile, the ply segment reported a significant decline in revenue, falling by 33% YoY and 15% QoQ, driven by weak volume and lower NSR. Operating profit margins (OPM) turned negative, reaching -4% in Q3, in contrast to 7% YoY and 6% QoQ.
Looking ahead, Greenpanel anticipates a flattish domestic MDF volume for FY24, implying a 9% volume growth in the fourth quarter. In FY25, the company is targeting a 15% growth in both domestic and export volumes. Management expects some pricing pressure in the domestic MDF market due to higher incentives offered to dealers to gain market share. However, it anticipates that timber prices will start to stabilize from FY26 onwards.
Furthermore, Greenpanel expects domestic MDF sales to benefit from the BIS implementation, which will reduce the influx of imports into India. The company also predicts a recovery in the ply segment starting from FY25, with sales volumes rebounding to FY23 levels.
| DATE | AUTHOR | TARGET | TYPE |
|---|---|---|---|
| 01 FEB 2024 | BOB Capital Markets Ltd. | 400 | Hold |
The financial services firm BOB Capital Markets published the latest research report on 1 FEB 2024 for GreenPanel’s Share Price Target, assigning a ‘Hold’ rating with a share price target of Rs. 400 as of 1 February 2024.
In a recent development, GreenPanel Industries Ltd. (GREENP) has reported a challenging quarter with disappointing Q3FY24 results, as its revenue, EBITDA, and PAT witnessed a decline of 8%, 34%, and 8% respectively, compared to the same period last year. This downturn comes as a result of various factors impacting the company’s performance.
One of the major setbacks for GREENP was the 24% deviation from EBITDA estimates, primarily attributed to weak volumes and persistent margin pressure. The Medium Density Fibreboard (MDF) segment of the company took a significant hit, with a 160bps quarter-on-quarter (QoQ) decline in margins, dropping to 17.8%. This decline was driven by various factors, including a 15% YoY drop in exports, which led to stagnant MDF volumes as opposed to the anticipated 8% growth. Margin stress was further compounded by rising timber prices in both the North and South regions, an increase in brand spending by 140bps, and reduced domestic realizations due to an inferior product mix.
GREENP has been grappling with operating profit contraction for the fifth consecutive quarter, largely due to an ongoing supply overhang in the MDF industry. The MDF sales volume remained flat year-on-year, despite a historical four-year CAGR of 8%, as domestic sales managed to offset the impact of weak exports.
Furthermore, the plywood segment faced its own set of challenges, reporting a sharp volume decline for the sixth consecutive quarter, down by 23% YoY. This decline was attributed to internal restructuring and the company’s exit from the decorative veneer business.
In response to these challenges, GREENP’s management has revised its volume growth guidance for MDF in FY24 from 3-4% to flat growth. This downgrade is attributed to rising import pressure in the domestic market and restricted exports to large buyers due to low profit contributions.
However, the company has set its sights on a 15% YoY volume growth for FY25, including the contribution from a new expansion project expected to kickstart in Q4FY25. On the margin front, management anticipates continued pressure in the upcoming quarters due to pricing headwinds in the domestic market and expected high timber costs in FY25.
In light of the disappointing Q3FY24 results and the anticipated challenges in the MDF industry, analysts recommend a cautious approach. EPS estimates for FY24, FY25, and FY26 have been reduced by 11%, 2%, and 3%, respectively. Maintaining a HOLD rating, the target price (TP) for GREENP remains unchanged at Rs 400.
Analysts expect GREENP to deliver a modest 5% earnings compound annual growth rate (CAGR) from FY23 to FY26, with the return on equity (ROE) declining from 21.1% in FY23 to 16.5% in FY26 due to supply-side pressures in the MDF industry. Additionally, current valuations at 24.1x on 1Y forward P/E are deemed expensive compared to the stock’s historical average of 16.7x. The target P/E multiple remains at 20x on Sep’25E EPS, representing a 20% premium to the historical average.
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We will analyze the performance of the company’s shares in recent times and provide you with a well-researched GreenPanel Share Price Target 2024, 2025, 2030 to 2050 based on our Research knowledge and forecasting.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2024 | ₹385 | ₹420 |
| 2025 | ₹400 | ₹440 |
| 2026 | ₹415 | ₹460 |
| 2027 | ₹430 | ₹480 |
| 2028 | ₹445 | ₹500 |
| 2029 | ₹460 | ₹520 |
| 2030 | ₹475 | ₹540 |
| 2035 | ₹520 | ₹600 |
| 2040 | ₹565 | ₹660 |
| 2045 | ₹610 | ₹720 |
| 2050 | ₹655 | ₹780 |
Peer Comparison of GreenPanel
| Name | P/E | Mar Cap Rs.Cr. |
|---|---|---|
| Century Plyboard | 48.18 | 17396.15 |
| Greenlam Industr | 48.97 | 6981.48 |
| Greenpanel Inds. | 26.38 | 4795.96 |
| Greenply Industr | 63.98 | 2955.78 |
| Rushil Decor | 19.55 | 931.88 |
| Airo Lam | 27.75 | 237.26 |
| Archidply Inds. | 19.19 | 176.90 |
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– As of 3 February 2024, the current share price of GreenPanel is ₹395 Check out today’s current share price of GreenPanel at the top.
– According to Google historical data, the price of GreenPanel on 25 OCT 2019 was ₹36.55.
– The latest research report from “HDFC Securities” sets a GreenPanel Share Price Target of Rs.445.
– Based on our analysis, the maximum GreenPanel Share Price Target in 2025 is projected to be ₹440.
– Based on our analysis, the maximum GreenPanel Share Price Target in 2027 is projected to be ₹480.
– Based on our analysis, the maximum GreenPanel Share Price Target in 2030 is projected to be ₹540.
– Based on our analysis, the maximum GreenPanel Share Price Target in 2035 is projected to be ₹600.
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I would like to remind you that I am not authorized by SEBI to provide any financial advice or recommendations. As you know, Share price prediction is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict GreenPanel Share Price Target.
Disclaimer– These Share Price Targets for “GreenPanel Share Price Target” are only provided for informational purposes. It does not constitute a recommendation to buy, sell, or hold GreenPanel stock. Investors should conduct their research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com
