Greenpanel Industries Limited is engaged in the manufacturing of plywood, medium density fibre boards (MDF) and allied products.
CARE Ratings reaffirmed Greenpanel Industries' bank facilities totaling ₹240 Cr at CARE A+; Stable / CARE A1+, with the long-term outlook revised from Negative to Stable. This reflects improved operating margins in recent quarters, strong financial risk profile, robust capital structure, and healthy liquidity. Key strengths include its established market...
Greenpanel Industries saw Q1FY27 revenues grow 8.5% YoY to ₹350 Cr. Domestic MDF volumes increased 12% and retail MDF by 20%, despite total MDF volumes seeing a slight dip of 2.3% due to zero exports. Operating EBITDA was ₹33.5 Cr (9.6% margin), with MDF margins expanding. Management noted intense competition...