Greenply Industries

Greenpanel Industries lists at around 500 Cr market cap, book value is 680 Cr so that presents an interesting situation.

One should expect the near term pricing pressure on avg MDF realization to persist for some more Q’s but as the company starts to sweat assets through higher utilization by selling in export market, the numbers at the EBITDA level should logically start to improve.

Unless the company is going to make losses for the next 3-4 Q’s market cap being below book value looks like an anomaly on the face of it. Also likely to see selling pressure in the first few days since a lot of people might want to exit.

Tracking Greenpanel Industries seriously here on, not decided on course of action. I hold Greenply since 2014 so automatically am an investor in Greenpanel after the demerger

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