Greenlam Industries Ltd

Greenlam Industries Ltd

₹ 228 -1.01%
29 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 5,823 Cr.
  • Current Price 228
  • High / Low 281 / 198
  • Stock P/E 98.8
  • Book Value 46.2
  • Dividend Yield 0.18 %
  • ROCE 8.22 %
  • ROE 5.11 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 4.94 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 8.04% over last 3 years.
  • Dividend payout has been low at 9.95% 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

Consolidated Figures in Rs. Crores / View Standalone

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
534 515 604 563 624 605 681 602 682 674 808 706 858
460 451 528 492 541 541 599 538 618 630 704 638 749
Operating Profit 74 64 76 71 84 64 81 64 64 44 104 68 108
OPM % 14% 12% 13% 13% 13% 11% 12% 11% 9% 7% 13% 10% 13%
4 4 6 3 9 3 8 1 0 2 1 -4 2
Interest 6 7 9 14 13 14 16 16 20 26 24 23 23
Depreciation 17 17 19 24 26 26 27 27 33 35 36 36 35
Profit before tax 55 44 53 35 53 27 47 21 11 -14 46 6 52
Tax % 16% 24% 26% 29% 23% 26% 27% 41% 86% 8% 31% 111% 22%
46 33 39 25 41 20 34 13 1 -16 32 -1 41
EPS in Rs 1.82 1.30 1.54 0.99 1.61 0.79 1.36 0.50 0.08 -0.60 1.27 -0.01 1.55
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
926 1,030 1,076 1,145 1,281 1,321 1,200 1,703 2,026 2,306 2,569 3,046
833 900 937 996 1,122 1,142 1,026 1,516 1,793 2,010 2,295 2,721
Operating Profit 93 130 139 149 159 179 174 188 233 296 275 325
OPM % 10% 13% 13% 13% 12% 14% 14% 11% 12% 13% 11% 11%
2 3 2 2 1 4 -5 4 18 20 11 2
Interest 33 35 29 18 17 22 17 14 23 44 65 96
Depreciation 33 35 37 36 37 52 56 58 63 87 114 142
Profit before tax 28 62 76 97 106 108 96 119 164 185 106 89
Tax % 32% 40% 34% 33% 27% 20% 23% 24% 22% 25% 36% 37%
19 38 50 65 77 87 74 91 129 138 68 56
EPS in Rs 0.80 1.56 2.06 2.68 3.19 3.59 3.05 3.76 5.07 5.42 2.73 2.20
Dividend Payout % 6% 6% 7% 9% 9% 11% 16% 16% 15% 15% 15% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: 20%
3 Years: 15%
TTM: 19%
Compounded Profit Growth
10 Years: 5%
5 Years: -7%
3 Years: -22%
TTM: -12%
Stock Price CAGR
10 Years: 14%
5 Years: 15%
3 Years: 8%
1 Year: -17%
Return on Equity
10 Years: 13%
5 Years: 10%
3 Years: 8%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 208 233 286 344 416 489 561 642 945 1,064 1,101 1,154
393 365 298 252 270 294 307 398 628 1,109 1,199 1,160
230 260 194 216 229 309 291 324 449 539 576 664
Total Liabilities 842 871 791 823 927 1,104 1,172 1,376 2,035 2,726 2,902 3,004
328 353 324 331 330 429 413 468 506 986 1,749 1,710
CWIP 9 4 5 1 22 17 18 9 380 611 28 9
Investments 0 0 0 0 0 0 106 161 242 147 56 52
505 514 462 492 575 658 634 739 907 981 1,068 1,233
Total Assets 842 871 791 823 927 1,104 1,172 1,376 2,035 2,726 2,902 3,004

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
118 116 185 109 64 96 213 71 169 194 205 292
-100 -53 -22 -38 -57 -54 -154 -136 -535 -527 -167 -80
-12 -63 -160 -69 -6 -22 -71 62 366 350 -28 -191
Net Cash Flow 5 -0 3 2 1 20 -12 -3 0 17 10 21
Free Cash Flow 17 64 161 70 7 42 163 -14 -297 -440 -61 204
CFO/OP 138% 99% 144% 94% 62% 70% 138% 56% 88% 81% 93% 104%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 72 65 54 54 50 38 41 28 26 24 22 26
Inventory Days 160 168 147 156 163 202 229 195 174 204 198 197
Days Payable 129 128 83 96 86 91 135 99 93 117 123 131
Cash Conversion Cycle 103 105 117 115 128 149 135 123 106 112 97 92
Working Capital Days 38 24 25 35 43 40 34 37 16 1 9 19
ROCE % 20% 16% 17% 19% 19% 18% 15% 14% 14% 12% 7% 8%

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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