External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>We maintain our BUY rating with an unchanged target price of INR 420/share (12/20x its Mar’25E consolidated EBITDA/APAT)</li><li>We like Greenpanel for its leadership positioning in the MDF segment, high value-added share, large retail presence (85% in FY23), healthy margin, and working capital profile</li><li>Greenpanel’s consolidated revenue/EBITDA fell 13/14% QoQ in Q1FY24 as MDF volume and margin declined</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We maintain our BUY rating with an unchanged target price of INR 420/share (12/20x its Mar’25E consolidated EBITDA/APAT)We like Greenpanel for its leadership positioning in the MDF segment, high value-added share, large retail presence (85% in FY23), healthy margin, and working capital profileGreenpanel’s consolidated revenue/EBITDA fell 13/14% QoQ in Q1FY24 as MDF volume and margin declinedContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Greenpanel Industries (Q1FY24) - Enhanced Competition Stresses Volume and Margin.

Greenply Industries

Greenpanel Industries (Q1FY24) - Enhanced Competition Stresses Volume and Margin.