Greenpanel Industries Ltd.

Financial

	Greenpanel Inds.	Greenply Industries	Stylam Industries
Operational Metrics
Paper & Board
Quarterly Sales Volume - MDF	102096.0 Cubic Metre	46350.0 Cubic Metre	n/a
Quarterly Sales Volume - Plywood	1.18 Million Square Metre	17.1 Million Square Metre	n/a
Manufacturing Capacity - Plywood	9.0 Million Sqm	52.8 Million Sqm	n/a
Realization/Sqm - Plywood	267.0 Rs/Sqm	255.0 Rs/Sqm	n/a
Capacity Utilization - Plywood	42.0 %	89.39 %	n/a
Manufacturing Capacity - MDF	891000.0 Cubic Metre	240000.0 Cubic Metre	n/a
Realization/Cubic Metre - MDF	28519.0 Rs/Cubic Metre	31763.0 Rs/Cubic Metre	n/a
Capacity Utilization - MDF	47.0 %	79.0 %	n/a
Financials
5 yr Average ROE	13.84 %	13.39 %	21.26 %
5yr average Equity Multiplier	1.74	2.31	1.35
5yr Average Asset Turnover Ratio	0.85	1.25	1.43
5yr Avg Net Profit Margin	9.34 %	4.74 %	11.35 %
Price to Book	2.65	4.63	4.43
P/E	168.35	43.0	23.91
5yr Avg Cash Conversion Cycle	-12.25 Days	8.62 Days	96.18 Days
Inventory Days	42.08 Days	54.86 Days	57.04 Days
Days Receivable	7.9 Days	41.99 Days	64.97 Days
Days Payable	76.96 Days	86.82 Days	41.76 Days
5yr Average Interest Coverage Ratio	12.35	7.91	26.72
5yr Avg ROCE	16.79 %	16.06 %	27.8 %
5yr Avg Operating Profit Margin	20.24 %	9.37 %	18.17 %
5 yr average Debt to Equity	0.42	0.67	0.13
5yr CAGR Net Profit	58.07 %	8.51 %	17.25 %
5yr Average Return on Assets	8.78 %	5.86 %	16.14 %
Shareholdings
Promoter Holding	53.13 %	51.69 %	52.19 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.03 %	-0.6 %	-2.42 %
Change in Mutual Fund Holding (3 Yrs)	8.27 %	-2.21 %	4.02 %

Business

	Greenpanel Inds.	Greenply Industries	Stylam Industries
Product Wise Break-Up	Product Wise Break-Up Medium Density Fiber Board 90.42 Plywood 9.58 Government grants 0 Medium Density Fibre Board 0 Plywood And Allied Products 0 0	Product Wise Break-Up Plywood 0 Medium Density Fiber Board 24.5 0 Medium Density Fiber Board 0 Plywood 75.5 Government grants 0	Product Wise Break-Up Plywood 0 Medium Density Fibre Board 0 Laminates 100.0 Medium Density Fiber Board 0 Plywood And Allied Products 0 Government grants 0
Location Wise Break-Up	Location Wise Break-Up India 89.41 Rest of the World 10.59	Location Wise Break-Up India 99.94 Rest of the World 0.06	Location Wise Break-Up India 27.56 Rest of the World 0 Others 72.44
Operating Profit Break-Up	Operating Profit Break-Up Plywood 100.0 MDF &Allied 0 MEDIUM DENSITY FIBRE BOARD 0 PLYWOOD AND ALLIED PRODUCTS 0	Operating Profit Break-Up MDF &Allied 0 MEDIUM DENSITY FIBRE BOARD 32.94 PLYWOOD AND ALLIED PRODUCTS 67.06 Plywood 0	-
Asset Break-Up	Asset Break-Up MEDIUM DENSITY FIBRE BOARD 0 PLYWOOD AND ALLIED PRODUCTS 0 Others 100	Asset Break-Up MEDIUM DENSITY FIBRE BOARD 39.41 PLYWOOD AND ALLIED PRODUCTS 56.87 Others 3.72	-