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GREENPLY Consensus Forecast

No. of reports in last year
1
No. of analysts
1
Average Consensus Forecast
230
Consensus Potential
17.48%

GREENPLY Price Target Potential

BrokerageTargetPotential
ICICIdirect.com23017.48%

GREENPLY Targets in FrontPage Forums

1 Users have submitted 2 trade ideas of Rs. 113,367.5 for GREENPLY
100% Bullish
0% Bearish
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GREENPLY Ratings

Long term GREENPLY rating by FrontPage users
3.7/5 (3 Ratings)

1 GREENPLY share price target reports by brokerages below. See what is analyst's view on GREENPLY share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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GREENPLY Share Price Target

GREENPLY Share Price Target - Broker Reports - 2021

16-Jun-21
Price @ Call: 210
Target: 230
HOLD

GREENPLY Share Price Target - Broker Reports - 2020

30-Jun-20
Price @ Call: 85.04
Target: 117
BUY
In FY20, the company’s consolidated revenue grew by 1% YoY. In 1QFY21, the company lost revenues due to Covid-19 and the demand is still subdued. While the demand is expected to gradually improve, we expect the company’s revenue to decline in FY21. In FY22, we expect the demand to witness robust growth from demand revival and low base. EBITDA margins are also expected to remain weak in FY21 before rebounding in FY22. We have revised our estimates lower and cut our target price. We retain BUY on the stock with revised price target of Rs117 (earlier Rs124). We have valued the stock at a PE of 15x on FY22E earnings.
... Read more
13-Feb-20
Price @ Call: 138.68
Target: 177
BUY
Management highlighted that the current demand scenario is subdued and expect the situation to persist in the near term. For FY20, the company expects the plywood business revenue to grow by 4-4.5%. For FY21, we expect growth to be driven by ramp-up in decorative veneer, PVC and low end plywood segment coupled with expanded capacity at Gabon. Cost cutting measures and increased share of Gabon in revenue (Gabon subsidiary enjoys higher margins) is expected to support EBITDA margin for the company. Given weak demand situation, we lower our FY20E and FY21E estimates. We also introduce FY22 earnings estimate. We revise our target price to Rs177 (earlier Rs172) and rate the stock as BUY (earlier ADD). We value the stock at a PE of 18x (in line with PE assigned to Centuryply) on FY22E earnings (earlier valued at 18x on FY21E earnings).
... Read more

GREENPLY Share Price Target - Broker Reports - 2019

4-Dec-19
Price @ Call: 162.51
Target: 172
ADD
Management expects company’s revenue in 2HFY20 to grow by 8-10% YoY (translating into FY20 revenue growth of 7-8%). Company expects growth to be driven by plywood industry shift from unorganized to organized segment, additional capacity at Gabon and ramp-up in new product like PVC and decorative veneer. Greenply reported YoY improvement in EBITDA margin in 1HFY20 supported by lower raw material prices. Post result, management indicated that raw material prices continue to remain subdued. Further operating leverage benefit and higher revenue share of Gabon (EBITDA margin is higher at ~17-18%) is expected to support EBITDA margin in 2HFY20. We expect company’s earnings to grow at CAGR of 21% over FY19-FY21E. We maintain ADD rating on the stock with unchanged price target of Rs172. We value the stock at a PE of 18x (unchanged) on FY21E earnings.
... Read more
25-Nov-19
Price @ Call: 160.3
Target: 172
ADD
Management expects company’s revenue in 2HFY20 to grow by 8-10% YoY (translating into FY20 revenue growth of 7-8%). Company expects that ramp-up in decorative veneer, PVC and low end plywood segment coupled with expanded capacity at Gabon to drive improvement in revenue in 2HFY20. Management indicated that raw material prices continue to remain subdued. Further expected higher revenue will present operating leverage benefit. Revenue growth at Gabon is expected to be high (given new capacity) and Gabon plant EBITDA margin is higher at ~17-18%. We revise our estimates to factor in Greenply’s performance in 2QFY20 and de-merger of few business in another company. We revise our target price to Rs172 (earlier Rs187) and retain ADD rating on the stock. We value the stock at a PE of 18x on FY21E earnings.
... Read more
23-Aug-19
Price @ Call: 143.15
Target: 160
HOLD
GIL moving towards an asset-light business model by targeting growth through outsourcing remains the silver lining for the company. However, with the domestic plywood business growing at a muted rate, GIL is expected to derive growth largely from exports business in Gabon, which should be watched, due to dynamics in the international market. Hence, we maintain HOLD recommendation on the stock with a TP of Rs 160/share.
... Read more
3-Jun-19
Price @ Call: 168.18
Target: 175
HOLD
We remain positive on GIL on a medium to long term basis as the share of organised plywood players is set to expand with increasing compliance towards e-way bill, higher brand aspirations & GIL’s strong brand recall. However, due to MDF supply glut in domestic market, MDF prices could take some time to stabilise. Also, while MDF margins are expected to stabilise at ~17% in the interim, they are still below our initial expectations of 20-25%. We rollover our valuation on FY21E estimates & maintain HOLD recommendation on the stock with a TP of Rs 175/share (~13x FY21E EPS).
... Read more
11-Feb-19
Price @ Call: 129.64
Target: 140
HOLD
11-Feb-19
Price @ Call: 132.75
Target: 161
BUY

GREENPLY Share Price Target - Broker Reports - 2018

11-Dec-18
Price @ Call: 134
Target: 148
ACCUMULATE
10-Dec-18
Price @ Call: 134.11
Target: 140
HOLD
13-Nov-18
Price @ Call: 144.65
Target: 161
ACCUMULATE
10-Aug-18
Price @ Call: 205.6
Target: 230
HOLD
9-Aug-18
Price @ Call: 202.5
Target: 220
HOLD
4-Jun-18
Price @ Call: 256.05
Target: 288
NEUTRAL
1-Jun-18
Price @ Call: 256.43
Target: 358
BUY
5-Mar-18
Price @ Call: 339.95
Target: 395
BUY
9-Feb-18
Price @ Call: 367.9
Target: 395
BUY
8-Feb-18
Price @ Call: 337
Target: 415
BUY

GREENPLY Share Price Target - Broker Reports - 2017

29-Dec-17
Price @ Call: 338.26
Target: 394
BUY
26-Dec-17
Price @ Call: 338.71
Target: 425
BUY
6-Dec-17
Price @ Call: 326
Target: 380
BUY
9-Nov-17
Price @ Call: 304.6
Target: 360
BUY
30-Oct-17
Price @ Call: 273.5
Target: 319
ACCUMULATE
30-May-17
Price @ Call: 281.77
Target: 300
HOLD
1-Jun-17
Price @ Call: 269.55
Target: 269.55
HOLD

GREENPLY Share Price Target - Broker Reports - 2016

18-Nov-16
Price @ Call: 273.55
Target: 300
BUY
11-Nov-16
Price @ Call: 275.45
Target: 275.45
HOLD
27-Oct-16
Price @ Call: 287
Target: 300
HOLD
5-Oct-16
Price @ Call: 275
Target: 290
BUY
28-Jul-16
Price @ Call: 255.86
Target: 256.6
HOLD
26-Jul-16
Price @ Call: 263.7
Target: 270
BUY
30-Jun-16
Price @ Call: 253.6
Target: 350
BUY
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  • GREENPLY Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3198.27
    Upside Target 2195.08
    Upside Target 1191.77
    Pivot188.58
    Downside Target 1185.27
    Downside Target 2182.08
    Downside Target 3178.77
  • GREENPLY Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3213.25
    Upside Target 2209.25
    Upside Target 1201.75
    Pivot197.75
    Downside Target 1190.25
    Downside Target 2186.25
    Downside Target 3178.75
  • GREENPLY Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3245.23
    Upside Target 2234.62
    Upside Target 1217.13
    Pivot206.52
    Downside Target 1189.03
    Downside Target 2178.42
    Downside Target 3160.93
  • GREENPLY Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3195.08
    Upside Target 2192.6
    Upside Target 1191.07
    Pivot188.58
    Downside Target 1186.1
    Downside Target 2184.57
    Downside Target 3182.08
  • GREENPLY Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3209.25
    Upside Target 2204.86
    Upside Target 1202.14
    Pivot197.75
    Downside Target 1193.36
    Downside Target 2190.64
    Downside Target 3186.25
  • GREENPLY Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3234.62
    Upside Target 2223.88
    Upside Target 1217.25
    Pivot206.52
    Downside Target 1195.78
    Downside Target 2189.15
    Downside Target 3178.42
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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