Greenpanel Industries FY21 Annual Report Takeaways.
'27% market share of the Indian MDF market & growing'
Hit the 'retweet' & help us educate more investors.
A Thread ๐งต๐
1/ Basic facts about the business:
- Leader in wood panels in which their principal product is MDF (Medium Density Fibreboard)
- Demerged from Greenply in 2018
- 2 plants in UP & AP (this one being the largest MDF plant in the world.
2/ Product Offerings are dispersed over multiple types of wood panels: From MDF to specialty plywood to veneers.
3/ Challenges faced by the company in FY21 (Pic 1)
& How they tackled them (Pic 2)
4/ Financials: Performed better on all metrics.
Rev up 20%
Expanded EBITDA margin by 420bps
Net profit up 370%
Strong Cashflows
Receivables cycle down to 28
Paid back 157crs of debt
Talks of sustainable growth with a focus on cashflows & lower working capital.