Greenply Industries Q3FY18: Long-term growth trends remain intact; Hold

We believe the company is well-placed in as the long-term growth trends remain intact. At the CMP of Rs367/- the stock trades at 33.4x& 27.8x its estimated EPS of Rs11.0x/- & Rs13.2/- for FY18 & FY19 respectively. We advise investors with a long-term investment horizon to HOLD the stock.