This article is published by Dalal Street Investment Journal, India’s No. 1 investment magazine. Click here and subscribe to receive regular shares and recommendations from Teji.
Being the country’s largest producer of MDF and largest producer of wood panels, GreenPanel Industries has a 29% share in the domestic market. 2100 distributors and more than 10,000 retailers spread across the country. It has a strong position in the domestic market and 82% of its revenue comes from India and 18% from exports.
On a consolidated basis in its most recent quarter, the company’s net revenue grew by 8.31% YoY to Rs. 457.20 crores. The company has started reducing debts and aims to increase production capacity.
Shares of Greenpanel Industries Limited were trading at Rs 383.35 at 10 am on Friday. It was up 0.21% from the previous day’s closing price of Rs 382.55 on BSE. The last 52-week high and low of this stock are Rs 625 and Rs 350.30 respectively on the Mumbai Stock Exchange.
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