Greenpanel Industries Share Price Target 2026: Brokerages HDFC Securities and Nuvama have largely maintained a bullish stance on wood panel manufacturer Greenpanel Industries’ stock, citing that MDF industry is expected to grow and exports will likely improve as Middle East markets gradually reopen.
The outlook comes weeks after Greenpanel announced its Q4 FY26 results. The company has reported a consolidated net profit of Rs 1.37 crore in Q4 FY26, which is lower by 95.3 per cent as compared with the PAT of Rs 29.39 crore recorded in Q4 FY25.
Created with AI. Errors are possibleRevenue rose by 6.5 per cent year-on-year (YoY) to Rs 398.93 crore during the period under review.
Total operating expenditure increased by 13 per cent to Rs 368.97 crore in Q4 FY26 over Q4 FY25, primarily due to higher employee expenses (up 52 per cent YoY) and higher other expenses (up 77.2 per cent YoY), respectively. Accordingly, profit before tax in Q4 FY26 stood at Rs 1.06 crore, down by 96.4 per cent from Rs 29.71 crore in Q4 FY25.
Greenpanel Industries Share Price Today
At 10:42 AM today, shares of Greenpanel were trading at Rs 182.55, down 1.93 per cent from the previous close.
Greenpanel Industries Share Price Target 2026
Nuvama on Greenpanel Industries
– Maintain BUY with TP of Rs 255
– MDF industry competition increased after years of high profitability attracted capacity additions.
– Company cut prices to regain market share lost during April 2026.
– Market share recovered in May after pricing actions were implemented.
– MDF capacity utilisation remains around 55%, leaving significant growth headroom.
– Management targets 85-90% utilisation by FY29, supporting future earnings growth.
– Margin improvement strategy focuses on utilisation, retail mix and product mix.
– Every 10% increase in utilisation can improve margins by 150-200bps.
– Company is using different timber species to optimize production costs.
– Resin costs, forming half of raw material costs, rose 60-70%.
– Exports may improve as Middle East markets gradually reopen. .
– Specialty MDF imports continue, though overall imports have declined significantly
HDFC Securities on Greenpanel Industries
– Maintain target price INR 275
– MDF industry expected to grow low double digits to mid-teens; company targets growth in line or ahead
– Management aims to sustain or improve FY26 EBITDA margin of 9.3% via better utilisation and efficiencies
– Chemical costs up around 40-45%; cumulative price hike of around 15% taken with full pass-through from April 2026
– Discounting pressure persists reflecting competitive intensity; April demand weaker post inventory stocking in March
– Plant utilisation at around 50% in FY26; significant margin expansion potential without major capex
– No capacity expansion planned; maintenance capex guided at INR 0.2-0.3bn for FY27
Valued at 25x March 2028 estimated EPS
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
