Greenpanel Industries Limited — Investor Meet, 22-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Greenpanel Industries reported a transformational FY26 with revenues up 7.8% YoY to ₹1502 Cr. Q4 saw strong MDF domestic volume growth of 29.5% YoY, and total FY26 MDF volumes grew 12.9% despite export impacts. Reported FY26 EBITDA was ₹94.2 Cr (6.3% margin), affected by a ₹49 Cr FX loss and initial plant inefficiencies, leading to a net loss of ₹29.1 Cr.

Management highlighted a 15% MDF price hike to offset significant chemical cost escalations (40-45%), but faces muted demand and competitive discounting. Timber costs remain stable. For FY27, the focus is on volume growth, market share expansion, and maintaining/improving margins, with the industry expected to grow mid-teens. Operating at 60% capacity, the company has ample room for organic growth without major capex (only ₹20-30 Cr planned for sustenance). The outlook is cautiously optimistic, with an emphasis on strengthening the balance sheet and debt reduction.