Century Plyboards vs Greenpanel Industries: Share Price, Comparison and Key Differences
- August 10, 2026
- Posted by: Neeraj Pandey
- Category: News
Century Plyboards MCap Rs 17,396 Cr, PE 58.26x, ROE 10.07%, D/E 0.68, Div 0.13%. Greenpanel Industries MCap Rs 2,478 Cr, loss-making (EPS -2.38, ROE -2.15%).
Century Plyboards vs Greenpanel Industries is a comparison wood panel investors look up when evaluating two listed Indian wood panel manufacturers. Century Plyboards is India’s leading plywood brand and a growing MDF (Medium Density Fibreboard) manufacturer. Greenpanel Industries, demerged from Greenply Industries in 2019, is a pure-play MDF and flooring company – but is currently in a loss-making phase. Century Plyboards is a multi-product wood panel company while Greenpanel is a single-product MDF specialist facing earnings pressure.
This Century Plyboards vs Greenpanel Industries article covers reach and market position, key products, latest declared results and stock valuation. The Century Plyboards vs Greenpanel Industries data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.
Century Plyboards vs Greenpanel Industries: Reach and Market Position
On the Century Plyboards side of the Century Plyboards vs Greenpanel Industries comparison, Century Plyboards distributes premium plywood (CenturyPly brand), laminate sheets, MDF boards and particle board across India through a wide dealer network. Market capitalisation is Rs 17,396 Cr.
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On the Greenpanel Industries side of the Century Plyboards vs Greenpanel Industries comparison, Greenpanel Industries manufactures MDF and HDF (High Density Fibreboard) and engineered wood flooring from plants in Uttarakhand and Andhra Pradesh. Market capitalisation is Rs 2,478 Cr.
Century Plyboards vs Greenpanel Industries: Key Products and Business Mix
In the Century Plyboards vs Greenpanel Industries product comparison, Century Plyboards offers: Century Plyboards earns from plywood (largest segment), MDF, laminates, particle board and cement bonded boards. EPS is Rs 13.44. PE is 58.26x, ROE 10.07 percent, D/E 0.68, Div 0.13 percent.
For Greenpanel Industries in this Century Plyboards vs Greenpanel Industries breakdown: Greenpanel earns from MDF boards and wood flooring. EPS is -Rs 2.38 (loss-making), ROE -2.15 percent, D/E 0.27. Greenpanel is in financial distress due to MDF oversupply and pricing pressure.
Century Plyboards vs Greenpanel Industries: Latest Results
The Century Plyboards vs Greenpanel Industries results for Century Plyboards: Century Plyboards has a market cap of Rs 17,396 Cr and PE of 58.26x. ROE is 10.07 percent. Century Plyboards is 7 times larger than Greenpanel by market cap.
The Century Plyboards vs Greenpanel Industries results for Greenpanel Industries: Greenpanel Industries has a market cap of Rs 2,478 Cr and is currently loss-making with EPS of -Rs 2.38 and ROE of -2.15 percent. The MDF industry has faced severe pricing pressure from capacity additions and weaker demand, leading to Greenpanel’s losses.
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Century Plyboards vs Greenpanel Industries: Stock and Valuation
The Century Plyboards vs Greenpanel Industries stock comparison uses the latest available market data from Groww. Investors tracking Century Plyboards vs Greenpanel Industries should verify current prices on NSE or BSE before trading.
Century Plyboards vs Greenpanel Industries at current valuations: Century Plyboards trades at Rs 17,396 Cr market cap, PE 58.26x, ROE 10.07 percent. Greenpanel is loss-making at Rs 2,478 Cr market cap. Century Plyboards is profitable and growing; Greenpanel is in a loss cycle.
Century Plyboards vs Greenpanel Industries: Quick Comparison Table
The Century Plyboards vs Greenpanel Industries comparison table below summarises the key metrics covered in this article side by side.
| Parameter | Century Plyboards | Greenpanel Industries |
|---|---|---|
| Sector | Plywood + MDF + laminates (diversified wood panels) | MDF + flooring only (loss-making phase) |
| Market Cap | Rs 17,396 Cr | Rs 2,478 Cr |
| P/E Ratio | 58.26x | N/A (loss-making) |
| ROE | 10.07% | -2.15% (losses) |
| Debt to Equity | 0.68 | 0.27 |
| Profitability | Profitable | Loss-making |
| Dividend | 0.13% yield | 0.25% yield |
Conclusion
The Century Plyboards vs Greenpanel Industries comparison above covers the key data points on reach, products, results and valuation. Century Plyboards vs Greenpanel Industries illustrates contrasting fortunes in India’s wood panel sector. Century Plyboards has a diversified product mix including the dominant CenturyPly plywood brand and growing MDF. Greenpanel is an MDF specialist that is currently loss-making due to excess industry capacity and pricing pressure. Investors considering Greenpanel should note it is loss-making and carries material recovery risk. Century Plyboards vs Greenpanel investors should review MDF price trends, capacity utilisation, plywood market share and debt levels. Consult a SEBI-registered advisor before any investment decision.
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Disclaimer: Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is Century Plyboards known for?
Ans. Century Plyboards is known for the CenturyPly brand of calibrated plywood – one of India’s most trusted premium plywood brands. It has expanded into MDF, laminates, particle board and cement bonded boards.
What does Greenpanel Industries make?
Ans. Greenpanel makes MDF (Medium Density Fibreboard) and HDF flooring from its plants in Rudrapur (Uttarakhand) and Tirupati (Andhra Pradesh). It was demerged from Greenply Industries in 2019.
Is Greenpanel Industries making losses?
Ans. Yes. Greenpanel Industries is currently loss-making with EPS of -Rs 2.38 and ROE of -2.15 percent. The MDF sector has seen significant pricing pressure from new capacity additions. Investors should exercise caution.
What is MDF?
Ans. MDF (Medium Density Fibreboard) is an engineered wood product made from wood fibres, wax and resin. It is used in furniture, kitchen cabinets, door skins and interior decorating as a wood panel substitute.
Does Century Plyboards pay dividends?
Ans. Yes. Century Plyboards pays a small dividend yield of approximately 0.13 percent.
Are Century Plyboards and Greenpanel in Nifty 50?
Ans. Neither is in Nifty 50. Both are tracked in smaller indices.
Which is larger, Century Plyboards or Greenpanel?
Ans. Century Plyboards at Rs 17,396 Cr is approximately 7 times larger than Greenpanel at Rs 2,478 Cr.
