Greenlam Industries Ltd
Greenlam Industries is engaged in the business of manufacturing laminates, decorative veneers and allied products. [1]
- Market Cap ₹ 6,002 Cr.
- Current Price ₹ 235
- High / Low ₹ 325 / 187
- Stock P/E 53.3
- Book Value ₹ 44.6
- Dividend Yield 0.16 %
- ROCE 12.2 %
- ROE 10.3 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 5.26 times its book value
- Company has a low return on equity of 13.1% over last 3 years.
- Dividend payout has been low at 13.1% of profits over last 3 years
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 845 | 937 | 970 | 1,061 | 1,196 | 1,227 | 1,126 | 1,559 | 1,851 | 2,124 | 2,207 | |
0 | 753 | 813 | 846 | 924 | 1,057 | 1,066 | 962 | 1,397 | 1,656 | 1,857 | 1,956 | |
Operating Profit | -0 | 92 | 124 | 124 | 137 | 139 | 162 | 164 | 163 | 195 | 267 | 250 |
OPM % | 11% | 13% | 13% | 13% | 12% | 13% | 15% | 10% | 11% | 13% | 11% | |
0 | 1 | 1 | 2 | 2 | 2 | 22 | -9 | 15 | 34 | 33 | 30 | |
Interest | 0 | 28 | 28 | 25 | 16 | 15 | 20 | 16 | 13 | 23 | 37 | 46 |
Depreciation | 0 | 30 | 32 | 33 | 33 | 34 | 49 | 52 | 54 | 58 | 74 | 82 |
Profit before tax | -0 | 36 | 65 | 67 | 90 | 91 | 114 | 87 | 110 | 148 | 189 | 152 |
Tax % | 0% | 25% | 38% | 36% | 34% | 29% | 19% | 23% | 22% | 18% | 23% | 26% |
-0 | 27 | 40 | 43 | 59 | 65 | 93 | 67 | 85 | 121 | 146 | 113 | |
EPS in Rs | -0.10 | 1.10 | 1.67 | 1.77 | 2.45 | 2.69 | 3.84 | 2.77 | 3.54 | 4.76 | 5.72 | 4.41 |
Dividend Payout % | 0% | 5% | 6% | 8% | 10% | 11% | 10% | 18% | 17% | 16% | 14% | 9% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 12% |
3 Years: | 12% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | 15% |
5 Years: | 4% |
3 Years: | 9% |
TTM: | -22% |
Stock Price CAGR | |
---|---|
10 Years: | 22% |
5 Years: | 23% |
3 Years: | 12% |
1 Year: | -23% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 14% |
3 Years: | 13% |
Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.05 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 13 | 13 | 26 |
Reserves | -0 | 215 | 252 | 292 | 346 | 404 | 479 | 546 | 620 | 908 | 1,034 | 1,112 |
0 | 268 | 254 | 238 | 204 | 238 | 250 | 275 | 370 | 455 | 526 | 557 | |
0 | 219 | 248 | 188 | 211 | 219 | 292 | 284 | 307 | 353 | 403 | 433 | |
Total Liabilities | 0 | 714 | 767 | 730 | 773 | 873 | 1,033 | 1,117 | 1,309 | 1,729 | 1,975 | 2,127 |
0 | 311 | 338 | 312 | 321 | 323 | 411 | 399 | 393 | 443 | 621 | 595 | |
CWIP | 0 | 9 | 4 | 5 | 1 | 22 | 16 | 17 | 5 | 125 | 34 | 16 |
Investments | 0 | 17 | 24 | 24 | 24 | 24 | 71 | 177 | 287 | 488 | 575 | 762 |
0 | 376 | 401 | 388 | 426 | 504 | 536 | 524 | 624 | 674 | 745 | 754 | |
Total Assets | 0 | 714 | 767 | 730 | 773 | 873 | 1,033 | 1,117 | 1,309 | 1,729 | 1,975 | 2,127 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 157 | 110 | 124 | 92 | 46 | 129 | 190 | 51 | 154 | 218 | 243 | |
0 | -96 | -67 | -14 | -37 | -56 | -79 | -154 | -122 | -383 | -160 | -197 | |
0 | -60 | -44 | -106 | -55 | 11 | -30 | -50 | 69 | 227 | -47 | -45 | |
Net Cash Flow | 0 | 2 | -1 | 4 | 0 | 1 | 19 | -14 | -2 | -2 | 11 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 51 | 49 | 45 | 47 | 42 | 36 | 44 | 29 | 24 | 26 | 25 | |
Inventory Days | 134 | 146 | 140 | 150 | 153 | 183 | 201 | 180 | 160 | 164 | 158 | |
Days Payable | 126 | 129 | 84 | 96 | 81 | 87 | 130 | 98 | 90 | 104 | 112 | |
Cash Conversion Cycle | 59 | 66 | 101 | 101 | 114 | 132 | 115 | 111 | 95 | 87 | 72 | |
Working Capital Days | 59 | 56 | 65 | 64 | 78 | 78 | 78 | 75 | 61 | 57 | 60 | |
ROCE % | 26% | 18% | 17% | 19% | 18% | 19% | 15% | 14% | 14% | 15% | 12% |
Documents
Announcements
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Intimation Regarding Record Date For The Purpose Of Payment Of Final Dividend
12 Jun - Record date fixed June 20, 2025 for final dividend Re.0.40/share, subject to AGM approval on July 31, 2025.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
9 Jun - Greenlam reports FY25 revenue growth of 11%, profit decline due to capex costs; new plants commissioned, ramp-up ongoing.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2 Jun - Audio recording of Greenlam Q4 FY25 earnings call available on company website.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)
2 Jun - Q4 FY25 revenue up 9.2%, net profit down 96.3%; FY25 revenue up 11.4%, net profit down 50.5%.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2 Jun - Q4FY25 revenue Rs.682 Cr (+9.2%), net profit Rs.1.5 Cr (-96.3%), FY25 revenue Rs.2569 Cr (+11.4%), net profit Rs.68.3 Cr (-50.5%)
Annual reports
Concalls
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Jun 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Jul 2024Transcript PPT
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Jun 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jul 2022TranscriptNotesPPT
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Jun 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Dec 2021TranscriptNotesPPT
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Oct 2021Transcript PPT
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Jul 2021Transcript PPT
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May 2021Transcript PPT
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Feb 2021Transcript PPT
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Dec 2020TranscriptPPT
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Nov 2020TranscriptNotesPPT
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Jul 2020TranscriptNotesPPT
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Jun 2020Transcript PPT
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Jan 2020Transcript PPT
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Nov 2019Transcript PPT
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Jul 2019TranscriptNotesPPT
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May 2019Transcript PPT
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Feb 2019Transcript PPT
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Oct 2018Transcript PPT
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Jul 2018TranscriptNotesPPT
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May 2018Transcript PPT
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Feb 2018Transcript PPT
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Nov 2017Transcript PPT
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Nov 2017TranscriptNotesPPT
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Aug 2017TranscriptNotesPPT
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May 2017Transcript PPT
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Feb 2017TranscriptPPT
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Nov 2016Transcript PPT
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Aug 2016TranscriptNotesPPT
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May 2016TranscriptNotesPPT
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May 2016TranscriptNotesPPT
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May 2016Transcript PPT
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Feb 2016Transcript PPT
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Dec 2015TranscriptNotesPPT
Product Portfolio[1]
Greenlam offers a diverse range of products across three main categories:
a) Laminates & Allied Products
- High-Pressure Laminates
- Compact Panels (Standard, Lab Guardian, Restroom & Locker Solutions)
- Clads- Facade Panels
- Stratus Kitchen Solutions
- Melamine Faced Chip Board
b) Veneer & Allied Products
- Decorative Veneer (Natural, Teak, Engineered)
- Engineered Wooden Flooring
- Matching Flooring Accessories
- Engineered Wooden Doors & Doorsets
c) Plywood & Allied Products
- Plywood
- Blockboard
d) Upcoming Product Category
Particle Board