Accumulate Greenpanel Industries; target of Rs 450 Prabhudas Lilladher
Wed, Oct 30, 2024 1:03 PM

Accumulate Greenpanel Industries; target of Rs 450 Prabhudas Lilladher

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Prabhudas Lilladher's research report on Greenpanel Industries. We downward revise our FY25 earnings estimates by 6.9% to account for weak performance in Q2FY25 and rising domestic competition, impacting MDF realization. GREENP has guided for domestic MDF volume growth of 15-18% (YoY) in H2FY25. However, we have considered MDF volume growth at 16% for H2FY25.

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