Greenpanel Industries Ltd.

Financial

	Greenpanel Inds.	Stylam Industries	Greenply Industries
Operational Metrics
MDF
Quarterly Sales Volume - MDF	116077.0 Cubic Metre	n/a	42259.0 Cubic Metre
Manufacturing Capacity - MDF	660000.0 Cubic Metre	n/a	240000.0 Cubic Metre
Realization/Cubic Metre - MDF	28079.0 Rs/Cubic Metre	n/a	31850.0 Rs/Cubic Metre
Capacity Utilization - MDF	66.0 %	n/a	76.0 %
Plywood
Capacity Utilization - Plywood	44.0 %	n/a	89.39 %
Quarterly Sales Volume - Plywood	1.28 Million Square Metre	n/a	18.2 Million Square Metre
Manufacturing Capacity - Plywood	9.0 Million Sqm	n/a	52.8 Million Sqm
Realization/Sqm - Plywood	252.0 Rs/Sqm	n/a	257.0 Rs/Sqm
Financials
5 yr Average ROE	13.84 %	19.4 %	13.62 %
5yr average Equity Multiplier	1.74	1.5	2.34
5yr Average Asset Turnover Ratio	0.85	1.4	1.29
5yr Avg Net Profit Margin	9.34 %	9.79 %	4.67 %
Price to Book	2.19	5.0	4.83
P/E	20.18	23.09	35.15
5yr Avg Cash Conversion Cycle	-12.25 Days	88.08 Days	21.41 Days
Inventory Days	42.08 Days	55.78 Days	51.07 Days
Days Receivable	7.9 Days	57.48 Days	40.0 Days
Days Payable	76.96 Days	45.53 Days	84.91 Days
5yr Average Interest Coverage Ratio	12.35	22.31	7.95
5yr Avg ROCE	16.79 %	27.29 %	18.83 %
5yr Avg Operating Profit Margin	20.24 %	17.98 %	9.65 %
5 yr average Debt to Equity	0.42	0.23	0.69
5yr CAGR Net Profit	58.07 %	46.75 %	8.17 %
5yr Average Return on Assets	8.78 %	13.95 %	5.91 %
Shareholdings
Promoter Holding	53.13 %	52.19 %	51.66 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.03 %	-2.42 %	-0.59 %
Change in Mutual Fund Holding (3 Yrs)	6.94 %	3.67 %	-0.88 %

Business

	Greenpanel Inds.	Stylam Industries	Greenply Industries
Product Wise Break-Up	Product Wise Break-Up Medium Density Fiber Board 89.06 Plywood 10.94 Government grants 0 0 Medium Density Fibre Board 0 Plywood And Allied Products 0	Product Wise Break-Up Plywood And Allied Products 0 Plywood 0 Laminates 100.0 Medium Density Fiber Board 0 Government grants 0 Medium Density Fibre Board 0	Product Wise Break-Up Plywood 77.89 Plywood 0 0 Medium Density Fiber Board 0 Government grants 0 Medium Density Fiber Board 22.11
Location Wise Break-Up	Location Wise Break-Up India 89.08 Rest of the World 10.92	Location Wise Break-Up India 27.06 Rest of the World 0 Others 72.94	Location Wise Break-Up India 99.62 Rest of the World 0.38
Operating Profit Break-Up	Operating Profit Break-Up MDF 93.95 Plywood 6.05 MEDIUM DENSITY FIBRE BOARD 0 PLYWOOD AND ALLIED PRODUCTS 0	-	Operating Profit Break-Up MEDIUM DENSITY FIBRE BOARD 11.84 Plywood 0 PLYWOOD AND ALLIED PRODUCTS 88.16 MDF 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 38.18 PLYWOOD AND ALLIED PRODUCTS 59.71 Others 2.11