Greenply Industries Can Rally 40% — Here's Why Yes Securities Is Bullish On The Stock

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Yes Securities Report

We reiterate Greeenply Industries Ltd. as our top-pick from our coverage universe. We remain confident that company will register stellar growth over coming two-years with improving industry tailwinds, steady plywood growth, ramp-up of MDF segment, and expected timber cost deflation.

Hence, we factor-in revenue/Ebitda/PAT growth of 13%/26%/55% over FY25- FY27E.

We continue to value the company at P/E(x) of 25x on FY27E EPS of Rs 18 and reiterate our Buy rating on the stock.

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