WEBSITE BSE:538979 NSE : GREENLAM 03 Jul, 15:50
Market Cap ₹6411 Cr.
Stock P/E 46.5
P/B 5.7
Current Price ₹251.3
Book Value ₹ 44.2
Face Value 1
52W High ₹568
Dividend Yield 0%
52W Low ₹ 187
Greenlam Industries Ltd is a laminates manufacturing corporation. The Company is engaged within the enterprise of manufacturing laminates, decorative veneers and allied merchandise via its factories at various locations and branches and sellers' network spread everywhere in the country. Its segments comprises Laminate & Allied Products, and Veneer & Allied Products. The Laminate & Allied Products section is engaged within the business of manufacturing of laminates, compact laminates and different allied merchandise via its wholesale and retail network. The Veneer & Allied Products segment is engaged in the enterprise of manufacturing of engineered wood flooring, decorative veneers, engineered door units and door leaf and different allied products thru its wholesale and retail network. It imports raw materials for manufacturing. Its goods are sold both in domestic and overseas markets. It has two subsidiaries overseas, which is engaged in marketing and distribution of its merchandise.
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PE falls below X
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| #(Fig in Cr.) | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 503 | 534 | 515 | 604 | 563 | 624 | 605 | 681 | 602 | 682 |
| Other Income | 6 | 4 | 4 | 6 | 3 | 9 | 3 | 8 | 1 | 0 |
| Total Income | 509 | 538 | 519 | 609 | 566 | 633 | 608 | 689 | 603 | 682 |
| Total Expenditure | 449 | 460 | 451 | 528 | 492 | 541 | 541 | 599 | 539 | 618 |
| Operating Profit | 61 | 78 | 68 | 81 | 74 | 92 | 67 | 90 | 65 | 64 |
| Interest | 6 | 6 | 7 | 9 | 14 | 13 | 14 | 16 | 16 | 20 |
| Depreciation | 16 | 17 | 17 | 19 | 24 | 26 | 26 | 27 | 27 | 33 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 38 | 55 | 44 | 53 | 35 | 53 | 27 | 47 | 21 | 11 |
| Provision for Tax | 10 | 9 | 11 | 14 | 10 | 12 | 7 | 13 | 9 | 9 |
| Profit After Tax | 29 | 46 | 33 | 39 | 25 | 41 | 20 | 34 | 13 | 1 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit After Adjustments | 29 | 46 | 33 | 39 | 25 | 41 | 20 | 35 | 13 | 2 |
| Adjusted Earnings Per Share | 1.1 | 1.8 | 1.3 | 1.5 | 1 | 0.8 | 0.8 | 1.4 | 0.5 | 0.1 |
| #(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 0 | 926 | 1030 | 1076 | 1145 | 1281 | 1321 | 1200 | 1703 | 2026 | 2306 | 2570 |
| Other Income | 0 | 2 | 3 | 3 | 2 | 2 | 4 | 8 | 7 | 18 | 22 | 12 |
| Total Income | 0 | 928 | 1033 | 1078 | 1146 | 1282 | 1325 | 1207 | 1711 | 2044 | 2328 | 2582 |
| Total Expenditure | 0 | 833 | 900 | 937 | 996 | 1122 | 1142 | 1026 | 1516 | 1793 | 2012 | 2297 |
| Operating Profit | -0 | 95 | 133 | 141 | 151 | 160 | 183 | 181 | 194 | 251 | 316 | 286 |
| Interest | 0 | 33 | 35 | 29 | 18 | 17 | 22 | 17 | 14 | 23 | 44 | 66 |
| Depreciation | 0 | 33 | 35 | 37 | 36 | 37 | 52 | 56 | 58 | 63 | 87 | 113 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12 | -3 | 0 | 0 | 0 |
| Profit Before Tax | -0 | 28 | 62 | 76 | 97 | 106 | 108 | 96 | 119 | 164 | 185 | 106 |
| Provision for Tax | 0 | 9 | 25 | 26 | 32 | 29 | 22 | 22 | 29 | 36 | 47 | 38 |
| Profit After Tax | -0 | 19 | 38 | 50 | 65 | 77 | 87 | 74 | 91 | 129 | 138 | 68 |
| Adjustments | 0 | -0 | -0 | -0 | -0 | 0 | -0 | 0 | 0 | 0 | 0 | 1 |
| Profit After Adjustments | -0 | 19 | 38 | 50 | 65 | 77 | 87 | 74 | 91 | 129 | 138 | 70 |
| Adjusted Earnings Per Share | -0.1 | 0.8 | 1.6 | 2.1 | 2.7 | 3.2 | 3.6 | 3.1 | 3.8 | 5.1 | 5.4 | 2.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 14% | 24% | 12% | 0% |
| Operating Profit CAGR | 26% | 20% | 15% | 0% |
| PAT CAGR | 7% | 23% | 12% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -17% | 17% | 26% | 23% |
| ROE Average | 14% | 15% | 15% | 13% |
| ROCE Average | 13% | 14% | 15% | 13% |
| #(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 0 | 220 | 245 | 298 | 356 | 428 | 501 | 573 | 654 | 958 | 1077 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | -0 |
| Borrowings | 0 | 209 | 148 | 97 | 81 | 73 | 86 | 84 | 158 | 352 | 647 |
| Other Non-Current Liabilities | 0 | 24 | 43 | 36 | 37 | 41 | 88 | 70 | 58 | 63 | 106 |
| Total Current Liabilities | 0 | 389 | 435 | 360 | 349 | 386 | 429 | 444 | 506 | 662 | 896 |
| Total Liabilities | 0 | 842 | 871 | 791 | 823 | 927 | 1104 | 1172 | 1376 | 2035 | 2726 |
| Fixed Assets | 0 | 328 | 353 | 324 | 331 | 330 | 429 | 413 | 468 | 506 | 986 |
| Other Non-Current Assets | 0 | 24 | 9 | 27 | 22 | 50 | 72 | 77 | 53 | 520 | 656 |
| Total Current Assets | 0 | 491 | 508 | 441 | 470 | 547 | 604 | 682 | 856 | 1009 | 1083 |
| Total Assets | 0 | 842 | 871 | 791 | 823 | 927 | 1104 | 1172 | 1376 | 2035 | 2726 |
| #(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 5 | 5 | 7 | 9 | 10 | 31 | 19 | 16 | 16 |
| Cash Flow from Operating Activities | -0 | 118 | 116 | 185 | 109 | 64 | 96 | 213 | 71 | 169 | 194 |
| Cash Flow from Investing Activities | 0 | -103 | -53 | -22 | -38 | -57 | -54 | -154 | -136 | -535 | -527 |
| Cash Flow from Financing Activities | 0 | -12 | -63 | -160 | -69 | -6 | -22 | -71 | 62 | 366 | 350 |
| Net Cash Inflow / Outflow | 0 | 3 | -0 | 3 | 2 | 1 | 20 | -12 | -3 | 0 | 17 |
| Closing Cash & Cash Equivalent | 0 | 5 | 5 | 7 | 9 | 10 | 31 | 19 | 16 | 16 | 33 |
| # | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -0.08 | 0.8 | 1.56 | 2.06 | 2.68 | 3.19 | 3.59 | 3.06 | 3.76 | 5.07 | 5.42 |
| CEPS(Rs) | -0.08 | 2.18 | 3.01 | 3.58 | 4.17 | 4.72 | 5.77 | 5.35 | 6.18 | 7.55 | 8.82 |
| DPS(Rs) | 0 | 0.05 | 0.1 | 0.15 | 0.25 | 0.3 | 0.4 | 0.5 | 0.6 | 0.75 | 0.83 |
| Book NAV/Share(Rs) | 0.32 | 9.11 | 10.16 | 12.35 | 14.76 | 17.75 | 20.74 | 23.76 | 27.11 | 37.72 | 42.22 |
| Core EBITDA Margin(%) | 0 | 9.65 | 12.11 | 12.39 | 12.88 | 12.38 | 13.5 | 14.45 | 10.98 | 11.4 | 12.68 |
| EBIT Margin(%) | 0 | 6.38 | 9.12 | 9.33 | 9.91 | 9.62 | 9.86 | 9.41 | 7.82 | 9.18 | 9.86 |
| Pre Tax Margin(%) | 0 | 2.96 | 5.81 | 6.78 | 8.35 | 8.3 | 8.2 | 8 | 6.99 | 8.03 | 7.96 |
| PAT Margin (%) | 0 | 2.01 | 3.51 | 4.45 | 5.59 | 6.02 | 6.56 | 6.14 | 5.32 | 6.29 | 5.94 |
| Cash Profit Margin (%) | 0 | 5.48 | 6.77 | 7.73 | 8.7 | 8.9 | 10.54 | 10.77 | 8.75 | 9.38 | 9.68 |
| ROA(%) | -18.31 | 4.59 | 4.4 | 5.98 | 8.01 | 8.81 | 8.53 | 6.48 | 7.11 | 7.53 | 5.8 |
| ROE(%) | -24.84 | 17.6 | 16.22 | 18.29 | 19.75 | 19.66 | 18.66 | 13.72 | 14.75 | 15.94 | 13.56 |
| ROCE(%) | -24.84 | 20.07 | 16 | 17.27 | 19.03 | 18.87 | 17.44 | 13.97 | 14.63 | 14.84 | 12.72 |
| Receivable days | 0 | 69.01 | 62.26 | 55.97 | 51.93 | 49.47 | 43.45 | 41.52 | 28.3 | 24.26 | 23.09 |
| Inventory Days | 0 | 87.45 | 81.29 | 77.72 | 76.48 | 80.35 | 93.78 | 113.97 | 94.45 | 90.81 | 88.13 |
| Payable days | 0 | 64.4 | 127.39 | 102.42 | 87.44 | 84.61 | 89.53 | 118.42 | 92.49 | 89.81 | 104.6 |
| PER(x) | 0 | 56.71 | 31.37 | 30.78 | 42.7 | 29.7 | 13.33 | 30.57 | 48.26 | 29.53 | 46.18 |
| Price/Book(x) | 0 | 4.99 | 4.83 | 5.13 | 7.75 | 5.35 | 2.31 | 3.93 | 6.69 | 3.97 | 5.93 |
| Dividend Yield(%) | 0 | 0.11 | 0.2 | 0.24 | 0.22 | 0.32 | 0.84 | 0.54 | 0.33 | 0.5 | 0.33 |
| EV/Net Sales(x) | 0 | 1.6 | 1.5 | 1.69 | 2.62 | 1.99 | 1.07 | 2.07 | 2.76 | 2.15 | 3.19 |
| EV/Core EBITDA(x) | -2.41 | 15.64 | 11.62 | 12.92 | 19.93 | 15.93 | 7.77 | 13.74 | 24.23 | 17.36 | 23.26 |
| Net Sales Growth(%) | 0 | 0 | 11.25 | 4.47 | 6.41 | 11.88 | 3.11 | -9.16 | 42 | 18.94 | 13.84 |
| EBIT Growth(%) | 0 | 0 | 59.14 | 6.53 | 9.96 | 7.54 | 5.65 | -13.28 | 18.01 | 40.81 | 22.2 |
| PAT Growth(%) | 0 | 0 | 94.93 | 31.72 | 30.09 | 19.34 | 12.4 | -14.99 | 22.93 | 41.87 | 7.39 |
| EPS Growth(%) | 0 | 1101.2 | 95.02 | 31.71 | 30.1 | 19.36 | 12.39 | -14.89 | 23.01 | 34.8 | 7.04 |
| Debt/Equity(x) | 0 | 1.79 | 1.49 | 1 | 0.71 | 0.63 | 0.59 | 0.43 | 0.53 | 0.59 | 0.93 |
| Current Ratio(x) | 19.94 | 1.26 | 1.17 | 1.23 | 1.35 | 1.42 | 1.41 | 1.54 | 1.69 | 1.53 | 1.21 |
| Quick Ratio(x) | 19.94 | 0.67 | 0.6 | 0.59 | 0.61 | 0.62 | 0.54 | 0.68 | 0.7 | 0.75 | 0.53 |
| Interest Cover(x) | 0 | 1.86 | 2.76 | 3.65 | 6.35 | 7.26 | 5.96 | 6.67 | 9.46 | 7.99 | 5.18 |
| Total Debt/Mcap(x) | 0 | 0.36 | 0.31 | 0.2 | 0.09 | 0.12 | 0.25 | 0.11 | 0.08 | 0.15 | 0.16 |
| # | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 51.22 | 51.22 | 51.22 | 51.22 | 50.98 | 50.98 | 50.98 | 50.98 | 50.98 | 50.98 |
| FII | 1.44 | 1.44 | 1.46 | 1.37 | 1.28 | 1.36 | 1.77 | 1.72 | 1.78 | 1.76 |
| DII | 13.1 | 15.7 | 15.61 | 15.58 | 15.54 | 15.56 | 15.6 | 15.63 | 15.72 | 15.73 |
| Public | 34.25 | 31.64 | 31.72 | 31.82 | 32.2 | 32.1 | 31.64 | 31.66 | 31.52 | 31.52 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 6.5 | 6.5 | 6.5 | 6.5 | 6.5 | 6.5 | 6.5 | 6.5 | 6.5 | 13.01 |
| FII | 0.18 | 0.18 | 0.18 | 0.17 | 0.16 | 0.17 | 0.23 | 0.22 | 0.23 | 0.45 |
| DII | 1.66 | 1.99 | 1.98 | 1.98 | 1.98 | 1.98 | 1.99 | 1.99 | 2 | 4.01 |
| Public | 4.35 | 4.02 | 4.03 | 4.04 | 4.11 | 4.1 | 4.04 | 4.04 | 4.02 | 8.04 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12.7 | 12.7 | 12.7 | 12.7 | 12.76 | 12.76 | 12.76 | 12.76 | 12.76 | 25.51 |
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