High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Size: Market Cap wise it is among the top 20% companies of india.
Past Returns: In past three years, the stock has provided 14.3% return compared to 8.9% by NIFTY 50.
Balance Sheet: Reasonably good balance sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Growth: Good revenue growth. With 49.4% growth over past three years, the company is going strong.
No major cons observed.
Valuation | |
|---|---|
| Market Cap | 5.97 kCr |
| Price/Earnings (Trailing) | 106.42 |
| Price/Sales (Trailing) | 1.96 |
| EV/EBITDA | 21.27 |
| Price/Free Cashflow | 29.71 |
| MarketCap/EBT | 66.91 |
| Enterprise Value | 6.96 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 3.05 kCr |
| Rev. Growth (Yr) | 26.1% |
| Earnings (TTM) | 56.02 Cr |
| Earnings Growth (Yr) | 2.66% |
Profitability | |
|---|---|
| Operating Margin | 3% |
| EBT Margin | 3% |
| Return on Equity | 4.75% |
| Return on Assets | 1.86% |
| Free Cashflow Yield | 3.37% |
Growth & Returns | |
|---|---|
| Price Change 1W | 0.20% |
| Price Change 1M | 5% |
| Price Change 6M | -6.3% |
| Price Change 1Y | -13% |
| 3Y Cumulative Return | 14.3% |
| 5Y Cumulative Return | 14.8% |
| 7Y Cumulative Return | 15.2% |
| 10Y Cumulative Return | 14% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -79.97 Cr |
| Cash Flow from Operations (TTM) | 292.38 Cr |
| Cash Flow from Financing (TTM) | -191.05 Cr |
| Cash & Equivalents | 63.86 Cr |
| Free Cash Flow (TTM) | 201.07 Cr |
| Free Cash Flow/Share (TTM) | 7.88 |
Balance Sheet | |
|---|---|
| Total Assets | 3 kCr |
| Total Liabilities | 1.83 kCr |
| Shareholder Equity | 1.18 kCr |
| Current Assets | 1.23 kCr |
| Current Liabilities | 1.01 kCr |
| Net PPE | 1.59 kCr |
| Inventory | 763.93 Cr |
| Goodwill | 3.51 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.35 |
| Debt/Equity | 0.89 |
| Interest Coverage | -0.07 |
| Interest/Cashflow Ops | 4.04 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 0.4 |
| Dividend Yield | 0.15% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.50% |
Size: Market Cap wise it is among the top 20% companies of india.
Past Returns: In past three years, the stock has provided 14.3% return compared to 8.9% by NIFTY 50.
Balance Sheet: Reasonably good balance sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Growth: Good revenue growth. With 49.4% growth over past three years, the company is going strong.
No major cons observed.
Investor Care | |
|---|---|
| Dividend Yield | 0.15% |
| Dividend/Share (TTM) | 0.4 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 2.2 |
Financial Health | |
|---|---|
| Current Ratio | 1.22 |
| Debt/Equity | 0.89 |
Technical Indicators | |
|---|---|
| RSI (14d) | 53.83 |
| RSI (5d) | 50.68 |
| RSI (21d) | 54.44 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal | Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
Summary of Greenlam Industries's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In their latest earnings call, management of Greenlam Industries provided an optimistic outlook for the fiscal year 2026. The company expects to achieve a top-line growth of around 18-20%, despite facing challenges in demand during the past quarter. In Q3, net revenue reached INR 706 crores, reflecting a year-on-year growth of 17.3%. For the nine months, revenue increased by 15.9% to INR 2,188 crores. Management indicated that they anticipate improvements in Q4, traditionally a stronger quarter, to align with this growth target.
Key forward-looking points from management include:
Expansion Plans: The brownfield expansion at the Naidupeta plant is on track, with two additional laminate lines projected to commence in Q4 FY '27.
Product Launch: Greenlam launched a high moisture resistant chipboard that has garnered positive feedback, aimed at enhancing their product mix.
Brand Strategy: The company is consolidating its branding into two distinct brands: Greenlam, covering a wide range of products, and Mikasa, the new brand for laminates and other wood products. This rebranding is anticipated to streamline operations and enhance brand value.
Profitability Goals: Management is optimistic about reaching EBITDA breakeven for the plywood and chipboard segments in FY '27.
Margin Improvements: The gross margin improved to 55.5% in Q3, driven by pricing discipline, despite experiencing slight dips in EBITDA due to higher operational costs and other expenses.
Utilization Rates: The target capacity utilization for the chipboard project in FY '27 is set at 55-60%, while plywood is expected to reach similar levels.
Overall, the management remains confident that strategic initiatives, product innovations, and market conditions will bolster performance in upcoming quarters.
1. Question: "Firstly, on your guidance, which we have given top line 18% to 20% for this year, still that holds true in light of challenging demand environment?"
Answer: Yes, we had a 15.9% growth in the first nine months. Depending on Q4's performance, we might end the year between 18% to 20%, possibly a bit lower. We're confident despite demand challenges.
2. Question: "In terms of breakeven of plywood and chipboard, do you expect that this will break even in the next year?"
Answer: Yes, we do anticipate that both plywood and chipboard will breakeven next year.
3. Question: "How are things evolving on the U.S. tariff side for laminate?"
Answer: Currently, tariffs are affecting our products. We've adjusted prices, but both customers and we are absorbing some costs. Currency depreciation has partially offset this impact.
4. Question: "Has there been any change in laminate pricing in domestic or international markets?"
Answer: Domestic prices are stable, while international prices reflect currency changes, leading to some discounts. Overall, raw materials are stable despite depreciation.
5. Question: "What is our targeted capacity utilization for the particle board project for FY '27?"
Answer: We're targeting around 55% to 60% for capacity utilization next year.
6. Question: "What is our targeted capacity utilization for the plywood plant for FY '27?"
Answer: We expect around 55% to 60% utilization for the plywood plant.
7. Question: "Can you specify the reason for the decline in our export volume?"
Answer: We faced shipment delays in December, which impacted exports. We expect to receive those orders in Q4.
8. Question: "What is the quantified one-off impact, such as the case of wage impact?"
Answer: We recorded a one-off exceptional loss of INR 6.2 crores due to wage code impacts this quarter.
9. Question: "Has demand in newer segments like plywood shown improvement?"
Answer: Demand has been slower than expected, attributed to seasonality and cash flow issues, impacting several segments including plywood.
10. Question: "What's our pricing differential compared to unorganized players?"
Answer: Our pricing can be 7-20% higher than unorganized players, varying based on quality. Unorganized quality is often subpar, affecting their production capabilities.
Analysis of Greenlam Industries's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Mar 31, 2026
| Description | Share | Value |
|---|---|---|
| Laminates & Allied Products | 76.8% | 658.5 Cr |
| Plywood & Allied Products | 13.9% | 119.3 Cr |
| Panel & Allied Products | 9.3% | 79.8 Cr |
| Total | 857.7 Cr |
Understand Greenlam Industries ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Sm Greenlam Investments Private Limited | 37.78% |
| Saurabh Mittal | 11.33% |
| Upnishad Holdings Private Limited | 7.4% |
| Blue Daimond Properties Pvt Ltd | 6.98% |
| Hdfc Mutual Fund - Hdfc Mid-Cap Fund | 5.33% |
| Dsp Small Cap Fund | 4.22% |
| Ashish Dhawan | 3.77% |
| Akash Bhanshali | 3.23% |
| Parul Mittal | 1.88% |
| Akhil Dhawan | 1.43% |
| Vallabh Roopchand Bhanshali | 1.15% |
| Meenu Mangal Bhanshali | 1.02% |
| Master Jai Mittal | 0% |
| Miss Jia Mittal | 0% |
| Shiv Prakash Mittal | 0% |
| Santosh Mittal | 0% |
| S.M. Safeinvest Private Limited | 0% |
| Prime Properties Private Limited | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of Greenlam Industries against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| CENTURYPLY | Century Plyboards (India) | 17.1 kCr | 5.41 kCr | -1.60% | +0.30% | 65.18 | 3.16 | - | - |
| KAJARIACER | Kajaria Ceramics | 16.97 kCr | 4.88 kCr | -12.00% | +1.50% | 34.95 | 3.47 | - | - |
| STYRENIX | Styrenix Performance Materials | 4.06 kCr | 3.46 kCr | -1.10% | -21.60% | 21.07 | 1.17 | - | - |
| GREENPANEL | Greenpanel Industries | 2.45 kCr | 1.53 kCr | -4.50% | -23.70% | -83.81 | 1.6 | - | - |
Comprehensive comparison against sector averages
GREENLAM metrics compared to Consumer
| Category | GREENLAM | Consumer |
|---|---|---|
| PE | 106.42 | 60.72 |
| PS | 1.96 | 2.11 |
| Growth | 18.3 % | 13.1 % |
Greenlam Industries Limited manufactures and sells laminates, decorative veneers, and their allied products in India and internationally. The company operates through Laminate & Allied Products, Veneer & Allied Products, and Plywood & Allied Products segments. It offers laminates for homes, kitchens, offices, or other premises; decorative and designer laminates for kitchen, wardrobe, doors, living room, office, or commercial spaces; compact laminates for restroom cubicles, lockers, furniture, panels, work tops, lab furniture, and facades; and laminates for exterior and interior claddings. In addition, the company provides melamine faced chip boards; decorative veneers; engineered wood flooring products; and engineered doors and door frames. Greenlam Industries Limited offers its products under the Greenlam Laminates, New Mika, Decowood, Greenlam Sturdo, Greenlam Clads, Mikasa Floors, and Mikasa Doors & Frames brand names. The company serves institutions; hospitality sector; health care segment; luxury retail; and fast food chains. Greenlam Industries Limited sells its products through a network of distributors, dealers, and retailers. The company was founded in 1993 and is based in New Delhi, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
GREENLAM vs Consumer (2021 - 2026)