Greenpanel Industries (GREENP IN) – Q1FY27 Result Update – Focus on Market Share Recovery – BUY
Published on 11 Aug 2026
Management refrained from providing FY27 revenue and margin guidance amid continued geopolitical and raw-material uncertainties, but remains focused on volume growth, market-share gains and improving capacity utilisation. Competitive pressure is expected to persist through FY27, with demand conditions likely to improve from FY28. We cut our earnings estimate by 32.8%/12.6% for FY27/28E and Maintained ‘BUY’ rating revised TP of Rs 284 (Rs 325 earlier), based on 20x Mar’28 earnings. We estimate revenue/EBITDA/PAT CAGR of 20.5%/65.1%/195.5% over FY26-28E with MDF volume CAGR of 14.5%.
