Greenply Industries Visit Note By IndiaNivesh

At CMP of 964, the stock trades at PE of 17.3x and 14.8x its FY16E and FY17E Bloomberg consensus earnings. In our opinion, the company is well poised to benefit from the improvement in macroeconomic scenario. Its leadership position would enable to capitalise on the opportunity much faster than its competitors. The key catalyst for financial performance of the company would be improvement in secondary sales of real estate business in both the commercial and residential segments. We do not have any formal rating on the stock.

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