Greenlam Industries Ltd
Greenlam Industries is engaged in the business of manufacturing laminates, decorative veneers and allied products. [1]
- Market Cap ₹ 5,900 Cr.
- Current Price ₹ 231
- High / Low ₹ 281 / 198
- Stock P/E 41.3
- Book Value ₹ 49.7
- Dividend Yield 0.17 %
- ROCE 13.0 %
- ROE 11.9 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 4.64 times its book value
- Company has a low return on equity of 12.1% over last 3 years.
- Dividend payout has been low at 7.83% 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.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Plywood Boards/ Laminates
Part of BSE Consumer Discretionary BSE 1000
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 845 | 937 | 970 | 1,061 | 1,196 | 1,227 | 1,126 | 1,559 | 1,851 | 2,124 | 2,207 | 2,415 | |
| 753 | 813 | 846 | 924 | 1,057 | 1,066 | 962 | 1,397 | 1,656 | 1,856 | 1,956 | 2,135 | |
| Operating Profit | 92 | 124 | 124 | 137 | 139 | 162 | 164 | 163 | 195 | 268 | 251 | 280 |
| OPM % | 11% | 13% | 13% | 13% | 12% | 13% | 15% | 10% | 11% | 13% | 11% | 12% |
| 1 | 1 | 2 | 2 | 2 | 22 | -9 | 15 | 34 | 32 | 30 | 22 | |
| Interest | 28 | 28 | 25 | 16 | 15 | 20 | 16 | 13 | 23 | 37 | 46 | 42 |
| Depreciation | 30 | 32 | 33 | 33 | 34 | 49 | 52 | 54 | 58 | 74 | 82 | 80 |
| Profit before tax | 36 | 65 | 67 | 90 | 91 | 114 | 87 | 110 | 148 | 189 | 152 | 181 |
| Tax % | 25% | 38% | 36% | 34% | 29% | 19% | 23% | 22% | 18% | 23% | 26% | 23% |
| 27 | 40 | 43 | 59 | 65 | 93 | 67 | 85 | 121 | 146 | 113 | 139 | |
| EPS in Rs | 1.10 | 1.67 | 1.77 | 2.45 | 2.69 | 3.84 | 2.77 | 3.54 | 4.76 | 5.72 | 4.41 | 5.43 |
| Dividend Payout % | 5% | 6% | 8% | 10% | 11% | 10% | 18% | 17% | 16% | 14% | 9% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 16% |
| 3 Years: | 9% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 14% |
| 3 Years: | 7% |
| TTM: | 30% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 15% |
| 3 Years: | 14% |
| 1 Year: | -14% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 13% |
| 3 Years: | 12% |
| Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 13 | 13 | 26 | 26 |
| Reserves | 215 | 252 | 292 | 346 | 404 | 479 | 546 | 620 | 908 | 1,034 | 1,112 | 1,242 |
| 268 | 254 | 238 | 204 | 238 | 250 | 275 | 370 | 455 | 526 | 557 | 564 | |
| 219 | 248 | 188 | 211 | 219 | 292 | 284 | 307 | 353 | 403 | 433 | 507 | |
| Total Liabilities | 714 | 767 | 730 | 773 | 873 | 1,033 | 1,117 | 1,309 | 1,729 | 1,975 | 2,127 | 2,338 |
| 311 | 338 | 312 | 321 | 323 | 411 | 399 | 393 | 443 | 621 | 594 | 564 | |
| CWIP | 9 | 4 | 5 | 1 | 22 | 16 | 17 | 5 | 125 | 34 | 17 | 7 |
| Investments | 17 | 24 | 24 | 24 | 24 | 71 | 177 | 287 | 488 | 575 | 762 | 956 |
| 376 | 401 | 388 | 426 | 504 | 536 | 524 | 624 | 674 | 745 | 754 | 812 | |
| Total Assets | 714 | 767 | 730 | 773 | 873 | 1,033 | 1,117 | 1,309 | 1,729 | 1,975 | 2,127 | 2,338 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 157 | 110 | 124 | 92 | 46 | 129 | 190 | 51 | 154 | 218 | 243 | 267 | |
| -96 | -67 | -14 | -37 | -56 | -79 | -154 | -122 | -383 | -160 | -197 | -212 | |
| -60 | -44 | -106 | -55 | 11 | -30 | -50 | 69 | 227 | -47 | -45 | -53 | |
| Net Cash Flow | 2 | -1 | 4 | 0 | 1 | 19 | -14 | -2 | -2 | 11 | 2 | 2 |
| Free Cash Flow | 63 | 60 | 100 | 54 | -10 | 77 | 141 | 25 | -56 | 122 | 210 | 237 |
| CFO/OP | 183% | 99% | 111% | 88% | 56% | 95% | 130% | 50% | 95% | 97% | 114% | 109% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 51 | 49 | 45 | 47 | 42 | 36 | 44 | 29 | 24 | 26 | 25 | 32 |
| Inventory Days | 134 | 146 | 140 | 150 | 153 | 183 | 201 | 180 | 160 | 164 | 158 | 152 |
| Days Payable | 126 | 129 | 84 | 96 | 81 | 87 | 130 | 98 | 90 | 104 | 112 | 125 |
| Cash Conversion Cycle | 59 | 66 | 101 | 101 | 114 | 132 | 115 | 111 | 95 | 87 | 72 | 59 |
| Working Capital Days | 18 | 21 | 25 | 35 | 39 | 38 | 29 | 33 | 17 | 1 | 6 | 12 |
| ROCE % | 26% | 18% | 17% | 19% | 18% | 19% | 15% | 14% | 14% | 15% | 12% | 13% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Laminate Installed Capacity Million Sheets |
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| Average Realization - Laminates INR/Sheet |
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| Laminate Capacity Utilization % |
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| Laminate Sales Volume (Annual) Million Sheets |
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| Number of Distributors, Dealers & Retailers Count |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
2d - Filed Annual Secretarial Compliance Report for year ended March 31, 2026.
- Intimation Of Record Date For Payment Of Dividend. 2d
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 May
- Announcement under Regulation 30 (LODR)-Investor Presentation 23 May
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
22 May - Greenlam reported Q4 FY26 net sales of ₹857.7 crore and FY26 revenue of ₹3,046.1 crore.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Concalls
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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