Greenply Industries Limited, established in 1990, is one of India’s largest and most trusted interior infrastructure companies, headquartered in Kolkata, West Bengal. Renowned for its high-quality and sustainable products, Greenply holds a 26% share of the organized plywood market in India. The company’s product portfolio includes a diverse range of panel products such as premium plywood, durable blockboards, elegant decorative veneers, robust doors, and specialized film-faced plywood, catering to both residential and commercial needs. Greenply also offers innovative PVC products, including flooring and panels, known for their durability and low maintenance. Committed to sustainability, the company actively engages in eco-friendly practices, such as a comprehensive plantation program aimed at planting 50 million saplings by 2025, and adopts renewable resources and environmentally conscious technologies in its manufacturing processes. Greenply’s state-of-the-art facilities and investment in research and development underscore its focus on innovation and maintaining high-quality standards. With a strong domestic presence and exports to multiple countries, the company boasts an extensive distribution network, making its products accessible across regions. Recognized with numerous awards and accolades, Greenply continues to set benchmarks in quality, innovation, and sustainable practices, solidifying its position as a leader in the interior infrastructure industry.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | |
| Promoters + | 51.97% | 52.00% | 52.01% | 52.01% | 51.66% |
| FIIs + | 4.10% | 4.13% | 4.91% | 5.60% | 5.76% |
| DIIs + | 29.76% | 30.31% | 30.33% | 30.66% | 30.91% |
| Public + | 14.16% | 13.54% | 12.75% | 11.73% | 11.69% |
| No. of Shareholders | 46,179 | 51,375 | 48,073 | 54,007 | 52,918 |
The shareholding pattern of Greenply Industries during 2023 and 2024 reflects notable trends across various categories of investors. Promoters maintained a significant stake, holding 51.97% in December 2023, which slightly increased to 52.01% by September 2024 before reducing to 51.66% in December 2024. Foreign Institutional Investors (FIIs) exhibited a steady increase, rising from 4.10% in December 2023 to 5.76% by December 2024, indicating growing international interest in the company. Domestic Institutional Investors (DIIs) also showed consistent growth, holding 29.76% in December 2023 and gradually increasing their stake to 30.91% by December 2024. Conversely, the public shareholding saw a decline, dropping from 14.16% in December 2023 to 11.69% in December 2024. The number of shareholders fluctuated, peaking at 54,007 in September 2024 before settling at 52,918 by the end of the year. These shifts highlight evolving investor confidence and the increasing institutional interest in Greenply Industries.
Below are the trading platforms that you can use to purchase Greenply Industries shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| March 2025 | 329.77 | 253.67 |
| April 2025 | 326.50 | 251.16 |
| May 2025 | 316.99 | 243.84 |
| June 2025 | 331.26 | 254.81 |
| July 2025 | 324.76 | 249.82 |
| August 2025 | 334.81 | 257.54 |
| September 2025 | 338.83 | 260.64 |
| October 2025 | 347.63 | 267.41 |
| November 2025 | 356.33 | 274.10 |
| December 2025 | 372.36 | 286.43 |
In 2025, the share prices of Greenply Industries are projected to exhibit a range of values throughout the year. As we approach March, the maximum share price is expected to reach ₹329.77, with a minimum of ₹253.67. Moving forward, by December, the share price is anticipated to peak at ₹372.36, while the minimum is likely to stand at ₹286.43.
| When | Maximum Price | Minimum Price |
| January 2026 | 383.53 | 295.02 |
| February 2026 | 373.94 | 287.65 |
| March 2026 | 381.42 | 293.40 |
| April 2026 | 389.21 | 299.39 |
| May 2026 | 385.35 | 296.43 |
| June 2026 | 394.99 | 303.84 |
| July 2026 | 387.24 | 297.88 |
| August 2026 | 399.22 | 307.09 |
| September 2026 | 407.20 | 313.23 |
| October 2026 | 417.79 | 321.38 |
| November 2026 | 428.23 | 329.41 |
| December 2026 | 438.94 | 337.65 |
As we step into 2026, the share prices of Greenply Industries are expected to begin the year with a maximum of ₹383.53 and a minimum of ₹295.02 in January. Moving through the year, consistent growth is anticipated, culminating in December with the maximum share price projected to reach ₹438.94 and the minimum estimated at ₹337.65. These forecasts underline a positive trajectory for Greenply Industries throughout 2026.
| When | Maximum Price | Minimum Price |
| January 2027 | 443.33 | 341.02 |
| February 2027 | 454.70 | 349.77 |
| March 2027 | 472.43 | 363.41 |
| April 2027 | 463.17 | 356.28 |
| May 2027 | 449.68 | 345.91 |
| June 2027 | 469.91 | 361.47 |
| July 2027 | 460.70 | 354.38 |
| August 2027 | 474.95 | 365.34 |
| September 2027 | 491.57 | 378.13 |
| October 2027 | 504.35 | 387.96 |
| November 2027 | 516.96 | 397.66 |
| December 2027 | 529.88 | 407.60 |
| When | Maximum Price | Minimum Price |
| January 2028 | 540.48 | 415.75 |
| February 2028 | 554.34 | 426.41 |
| March 2028 | 575.96 | 443.05 |
| April 2028 | 564.67 | 434.36 |
| May 2028 | 548.22 | 421.71 |
| June 2028 | 572.89 | 440.68 |
| July 2028 | 561.66 | 432.04 |
| August 2028 | 579.03 | 445.40 |
| September 2028 | 599.29 | 460.99 |
| October 2028 | 614.87 | 472.98 |
| November 2028 | 630.25 | 484.80 |
| December 2028 | 646.00 | 496.92 |
| When | Maximum Price | Minimum Price |
| January 2029 | 658.92 | 506.86 |
| February 2029 | 675.82 | 519.86 |
| March 2029 | 702.17 | 540.13 |
| April 2029 | 688.41 | 529.54 |
| May 2029 | 668.36 | 514.12 |
| June 2029 | 698.43 | 537.25 |
| July 2029 | 684.74 | 526.72 |
| August 2029 | 705.91 | 543.01 |
| September 2029 | 730.62 | 562.02 |
| October 2029 | 749.62 | 576.63 |
| November 2029 | 768.36 | 591.04 |
| December 2029 | 787.57 | 605.82 |
| When | Maximum Price | Minimum Price |
| January 2030 | 803.32 | 617.94 |
| February 2030 | 823.92 | 633.78 |
| March 2030 | 856.05 | 658.50 |
| April 2030 | 839.26 | 645.59 |
| May 2030 | 814.82 | 626.78 |
| June 2030 | 851.49 | 654.99 |
| July 2030 | 834.79 | 642.15 |
| August 2030 | 860.61 | 662.01 |
| September 2030 | 890.73 | 685.18 |
| October 2030 | 913.89 | 702.99 |
| November 2030 | 936.74 | 720.57 |
| December 2030 | 960.15 | 738.58 |
As we move into 2030, the share prices of Greenply Industries are projected to reach a maximum of ₹803.32 and a minimum of ₹617.94 in January. Progressing through the year, consistent growth is anticipated, with December expected to witness the highest levels, with a maximum of ₹960.15 and a minimum of ₹738.58. These forecasts highlight a strong upward trend for Greenply Industries shares throughout 2030.
Financial Condition of Greenply Industries
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 1,420 | 1,165 | 1,563 | 1,663 | 2,180 | 2,439 |
| Expenses + | 1,265 | 1,050 | 1,413 | 1,530 | 1,994 | 2,221 |
| Operating Profit | 156 | 115 | 150 | 133 | 185 | 217 |
| OPM % | 11% | 10% | 10% | 8% | 9% | 9% |
| Other Income + | -48 | 6 | 12 | 12 | 12 | 15 |
| Interest | 21 | 17 | 12 | 9 | 43 | 39 |
| Depreciation | 26 | 23 | 26 | 26 | 55 | 60 |
| Profit before tax | 61 | 81 | 125 | 111 | 100 | 133 |
| Tax % | 22% | 25% | 24% | 17% | 30% | |
| Net Profit + | 47 | 61 | 95 | 91 | 70 | 103 |
| EPS in Rs | 3.85 | 4.97 | 7.73 | 7.44 | 5.66 | 8.34 |
| Dividend Payout % | 10% | 8% | 6% | 7% | 9% |
The financial performance of Greenply Industries over recent years reflects a dynamic and growing business. Sales figures have shown a steady upward trajectory, increasing from ₹1,420 crore in March 2020 to ₹2,180 crore in March 2024, with a TTM (trailing twelve months) sales figure of ₹2,439 crore. Correspondingly, expenses have also risen, reaching ₹2,221 crore in TTM, but the company’s ability to manage costs has supported consistent profitability.
Operating profit remained stable, with ₹156 crore in March 2020, peaking at ₹185 crore in March 2024, and further increasing to ₹217 crore in TTM, showcasing resilience despite fluctuating operating profit margins (OPM) ranging between 8% and 11%. The company’s focus on efficiency is also evident in its controlled interest expenses, which stood at ₹39 crore in TTM, despite a rise in depreciation to ₹60 crore.
Net profit for Greenply Industries reached ₹103 crore in TTM, up from ₹47 crore in March 2020, although it faced challenges such as fluctuating tax percentages, which hit 30% in March 2024. Earnings per share (EPS) have grown significantly from ₹3.85 in March 2020 to ₹8.34 in TTM, reflecting value generation for shareholders. Dividend payout percentages have been modest, ranging between 6% and 10%, highlighting a balanced approach to reinvestment and rewarding investors.
FAQS
As of February 22nd, 2025, the share price of Greenply Industries is around INR ₹285.
As per our analysis, Greenply Industries in 2025 is expected to trade between ₹243.84 to ₹372.36.
As per our analysis, Greenply Industries share price target for 2030 would be somewhere between ₹617.94 and ₹960.15.
You can invest in Greenply Industries shares through a stockbroker, either online or offline. You will need to open a Demat account and trading account to buy and sell shares. We recommend Groww and Paytm Money.
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Conclusion
Greenply Industries Limited has firmly established itself as a leader in India’s interior infrastructure industry, driven by its high-quality, sustainable products and eco-friendly initiatives. The company’s shareholding patterns in 2023 and 2024 reveal growing institutional interest, with FIIs and DIIs steadily increasing their stakes, while public shareholding has declined. Share price projections from 2025 to 2030 indicate a strong upward trajectory, reflecting market confidence and anticipated growth. Financially, Greenply has shown consistent improvement in sales, operating profit, and net profit over recent years, supported by strategic cost management and efficient operations. This solid performance, combined with the company’s commitment to innovation and sustainability, underscores its potential for continued success in the coming years.
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