Greenlam Industries Ltd

Greenlam Industries Ltd

₹ 231 -1.46%
27 May - close price
About

Greenlam Industries is engaged in the business of manufacturing laminates, decorative veneers and allied products. [1]

Key Points

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

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
489 469 566 517 571 526 586 535 560 557 653 549 655
425 413 500 448 497 468 518 474 497 499 565 498 572
Operating Profit 64 56 66 69 74 57 69 61 64 58 88 51 84
OPM % 13% 12% 12% 13% 13% 11% 12% 11% 11% 10% 13% 9% 13%
18 4 6 7 18 3 5 3 18 6 4 6 6
Interest 6 7 9 11 10 10 12 12 12 11 10 10 10
Depreciation 15 16 18 19 20 20 21 21 20 20 20 20 19
Profit before tax 60 37 44 46 62 30 41 30 50 33 61 27 59
Tax % 10% 25% 26% 24% 19% 23% 27% 36% 21% 25% 25% 26% 19%
54 28 33 35 50 23 30 19 40 25 46 20 48
EPS in Rs 2.14 1.10 1.30 1.37 1.96 0.91 1.19 0.76 1.55 0.97 1.80 0.78 1.89
Raw PDF

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
Laminate Capacity Utilization
%
Laminate Sales Volume (Annual)
Million Sheets
Number of Distributors, Dealers & Retailers
Count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
51.22% 51.22% 50.98% 50.98% 50.98% 50.98% 50.98% 50.98% 50.98% 50.98% 50.98% 50.98%
1.45% 1.37% 1.28% 1.36% 1.77% 1.72% 1.78% 1.77% 1.75% 1.74% 1.74% 1.77%
15.60% 15.58% 15.54% 15.56% 15.60% 15.63% 15.72% 15.73% 15.15% 14.60% 14.48% 13.96%
31.71% 31.81% 32.20% 32.10% 31.65% 31.67% 31.51% 31.53% 32.12% 32.68% 32.78% 33.26%
No. of Shareholders 14,06014,27818,02216,84814,77115,14214,41216,14016,09316,23216,98316,425

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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