About Greenpanel Industries Limited

Greenpanel Industries Limited is a public listed company incorporated in 2017 and headquartered at DLF Downtown, Sector 25A, Gurugram, Haryana, India, with equity shares listed on NSE and BSE as of March 31, 2025. The company manufactures medium density fibreboard (MDF), plywood and allied products, using 100% renewable agroforestry wood for MDF and plywood, and serves customers through a distribution network spanning 7 countries with national operations across India and overseas branches in Singapore and Dubai for marketing. Greenpanel operates two manufacturing plants located in Rudrapur, Uttarakhand and the Tirupati district of Andhra Pradesh, supported by 8 domestic offices and 2 international offices as of FY 2024–25. The company positions itself as India’s largest wood panel manufacturer and India’s No. 1 MDF company, with strategic brand-building through sports partnerships and ATL campaigns in recent years.

Greenpanel Industries Limited Business Segment

• Products and turnover mix (BRSR): Manufacturing of plywood, MDF and allied products accounted for 98.38% of turnover; trading of plywood, MDF and allied products accounted for 1.62% in FY 2024–25.

• Product contribution (BRSR): MDF contributed 90.30% of turnover; plywood and allied products 9.70% in FY 2024–25.

• Segment performance (MD&A): MDF comprised approximately 90% of total revenue in FY 2024–25; MDF revenue decreased 10% YoY with domestic MDF volumes down 6% and export volumes down 24% due to rising wood prices, competition, container availability and ocean freight rates; MDF EBITDA margin was 11.6% impacted by pricing and costs.

• Plywood segment: Sales volume declined 15.5% amid sluggish demand, with operating margin at 3.9% in FY 2024–25.

• Domestic vs. international (if disclosed): Exports contributed approximately 10% of turnover; countries served: 7; present PAN-India.

Business Segments (domestic vs. international)

• India — Rs 1,292.19 crore (90.0%).

• International — Rs 143.58 crore (10.0%).

Greenpanel Industries Limited Key Management

• Shiv Prakash Mittal — Whole-time Director cum Executive Chairman (Promoter).

• Shobhan Mittal — Managing Director and CEO (Promoter).

• Salil Kumar Bhandari — Non-Executive, Independent Director.

• Mahesh Kumar Jiwrajka — Non-Executive, Independent Director.

• Shivpriya Nanda — Non-Executive, Independent Director.

• Arun Kumar Saraf — Non-Executive, Independent Director.

• Vishwanathan Venkatramani — Chief Financial Officer.

• Lawkush Prasad — Company Secretary and VP–Legal.

Latest Updates on Greenpanel Industries Limited

• Completed brownfield expansion at Tirupati, Andhra Pradesh, adding 2,31,000 CBM installed MDF capacity, increasing total MDF capacity by ~35% from 6,60,000 CBM to 8,91,000 CBM per annum.

• Strengthened omnichannel approach and reorganised plywood sales team to improve market share and capacity utilisation.

• Focused on high-value products, expanded dealer network, and identified the Middle East as a vital export market while diversifying across 7 countries.

• Leveraged advanced German technology, SAP ERP and C4C Sales Cloud CRM, and adopted Total Productive Maintenance to enhance efficiency and reliability.

• Reaffirmed brand leadership through consecutive IPL partnerships and ATL marketing, positioning as India’s largest wood panel manufacturer and No. 1 MDF.

Financials (Standalone): Revenue from operations Rs 1,435.77 crore; EBITDA Rs 153.78 crore; PAT Rs 72.11 crore in FY 2024–25; equity share capital Rs 122.63 crore; other equity Rs 1,372.90 crore as of March 31, 2025.