19/5/2026, 11:30:03 am

Buy Greenpanel Industries, target: Rs 332, says Prabhudas Lilladher

Greenpanel Industries' Q4FY26 results show a 27.8% YoY growth in MDF volume to 130K CBM. MDF margins stood at 9.2%, despite a 40% rise in chemical prices. The company has Export Promotion Capital Goods (EPCG) scheme incentives of Rs62mn, with Rs260mn yet to accrue. A 15% price hike and stable timber prices partially offset the rise in chemical costs.