Greenpanel Industries Limited submitted the investor presentation for the quarter and year ended March 31, 2026.
GREENPANEL · price
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Greenpanel Industries reported 7.8% revenue growth to ₹1,502.2 Crores in FY26, driven by strong MDF volume growth of 12.9% y-o-y. Gross margin improved to 48.2% (+130 bps), but operating EBITDA margin declined to 8.8% due to higher sales and marketing investments to drive volume. PAT turned negative at -₹29.1 Crores (vs +₹72.1 Crores in FY25), impacted by ₹49 Crs forex loss on Euro borrowings for the new Andhra Pradesh MDF plant and ₹40 Crs higher depreciation and interest for the new plant. The company reduced its Cash Conversion Cycle to 38 days and net debt stands at ₹156 Crs (on constant FX basis, debt reduced by ~₹60 Crs vs March 2025). New products like HDWR Door, Thin MDF, FRMDF, and BoilBlack were launched to expand market share.
The stock may face pressure in the short term due to negative PAT and margin compression, but strong volume growth and gross margin improvement signal operational strength. The new plant ramp-up costs are temporary; management is investing to build long-term volume salience.