BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
We are optimistic of Greenpanel Industries Ltd., post our interaction with the management as it continues to be a significant beneficiary of the growing demand for ready-made furniture due to increased acceptance post the pandemic.
Also, the pickup in housing market seen post the pandemic has further aided demand growth.
We believe Greenpanel will witness revenue/Ebitda compound annual growth rate of 27%/37% with medium density fibre volume CAGR of 20% during FY21-24E aided by better capacity utilisation of its enhanced MDF facilities and higher Ebitda margin due to operating leverage.
We expect the company to turn net-debt free by H1 FY23 due to improved profitability with free cash flow and have impressive return ratios (return on equity of 24.8% in FY24E).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
