Greenlam Industries Limited GREENLAM NSE

Consumer Cyclical · Furnishings, Fixtures & Appliances · India

https://www.greenlamindustries.com

Greenlam Industries Limited manufactures and sells laminates, decorative veneers, and related 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. The company also provides melamine faced chip boards; decorative veneers; engineered wood flooring products; engineered doors and door frames; and prelaminated particle boards and plywood. It offers its products under the Greenlam Laminates, New Mika, Decowood, Greenlam Sturdo, Greenlam Clads, Mikasa Floors, Mikasa Decowood Veneers, Splendor Laminates, Mikasa Plywood, NewMika Laminates, NewMika FX, Greenlam MFC, and Mikasa Doors & Frames brand names. The company serves institutions; hospitality and health care sectors; luxury retail segment; and fast-food chains. It sells its products through a network of distributors, dealers, and retailers. Greenlam Industries Limited was founded in 1993 and is based in New Delhi, India.

Market & Price

Market Cap

₹5,827.32 Cr

Current Price

₹228.39

High / Low (52W)

₹274.82 / ₹202.34

Beta

0.41

Valuation

Stock P/E

104.29

Industry PE

26.67

Forward P/E

23.63

PEG Ratio

Book Value

₹47.52

Price to Book

4.81

P/S

1.91

EV/EBITDA

20.66

Dividend Yield

0.18%

Profitability & Returns

ROCE

9.32%

ROE

4.86%

ROA

3.88%

Profit Margin

1.85%

Op Margin

8.52%

EPS (Latest Qtr)

₹1.59

EPS (TTM)

₹2.19

Balance Sheet & Liquidity

Debt/Equity

0.98

Quick Ratio

0.33

Current Ratio

1.22

Debt

₹1,160.41 Cr

Total Assets

₹3,004.14 Cr

Current Assets

₹1,234.86 Cr

Working Capital

₹220.95 Cr

Ownership

Promoter Holding

78.60%

Chg in Prom Hold

FII / Inst Holding

11.63%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹6,712.90 Cr

Total Revenue (TTM)

₹3,046.08 Cr

EBITDA

₹324.92 Cr

Free Cash Flow

₹60.87 Cr

Operating Cash Flow

₹292.38 Cr

Shares Outstanding

₹25.51 Cr

Gross Margin

53.62%

Payout Ratio

18.18%

Growth (CAGR)

Revenue 5Y

15.56%

Profit 5Y

-24.11%

Revenue (YoY)

25.80%

Earnings (YoY)

2,550.00%

PROS

Compounding revenue at 15.6% over 5 years.
Generates positive free cash flow.

CONS

Trading at a high P/E of 104.3.
Earnings shrank at -24.1% CAGR over 5 years.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	GREENLAM Greenlam Industries Limited NSE	228.39	104.29	₹5,827.32 Cr	0.18%	9.32%	4.86%	15.56%	-24.11%
2	MARUTI Maruti Suzuki India Limited NIFTY50NSEAI	13,127.00	28.09	₹4.13 L Cr	1.07%	17.22%	14.43%	16.60%	21.11%
3	M&M Mahindra & Mahindra Limited NIFTY50NSEAI	3,045.60	20.00	₹3.66 L Cr	1.08%	17.26%	18.75%	18.44%	18.48%
4	TITAN Titan Company Limited NIFTY50NSE	4,074.90	71.43	₹3.61 L Cr	0.27%	38.43%	37.13%	23.83%	16.00%
5	ETERNAL Eternal Limited NSEAITECH	250.58	626.45	₹2.30 L Cr	-	2.87%	1.19%	97.70%	45.90%
6	EICHERMOT Eicher Motors Limited NIFTY50NSEAI	7,177.00	35.71	₹1.97 L Cr	0.98%	26.43%	23.77%	17.47%	23.70%
7	TVSMOTOR TVS Motor Company Limited NSE	3,355.70	52.91	₹1.59 L Cr	0.36%	28.86%	31.62%	26.91%	31.46%
8	HYUNDAI HYUNDAI MOTOR INDIA LTD NSE	1,924.00	28.82	₹1.56 L Cr	1.09%	32.62%	29.92%	5.50%	4.87%
9	MOTHERSON Samvardhana Motherson International Limited NSEAI	145.74	39.82	₹1.53 L Cr	0.41%	11.82%	10.11%	17.10%	37.17%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	602.04 Cr	681.77 Cr	673.79 Cr	808.26 Cr	706.37 Cr	857.66 Cr
Cost of Revenue	-	271.01 Cr	336.27 Cr	316.29 Cr	366.90 Cr	314.07 Cr	415.54 Cr
Gross Profit	-	331.03 Cr	345.50 Cr	357.50 Cr	441.36 Cr	392.30 Cr	442.12 Cr
Operating Expenses	-	294.76 Cr	314.83 Cr	348.54 Cr	372.47 Cr	359.80 Cr	369.06 Cr
Operating Income	-	36.27 Cr	30.67 Cr	8.96 Cr	68.89 Cr	32.50 Cr	73.06 Cr
EBITDA	-	64.85 Cr	64.00 Cr	46.53 Cr	105.61 Cr	64.61 Cr	110.26 Cr
Interest Expense	-	16.25 Cr	19.91 Cr	25.89 Cr	23.99 Cr	23.30 Cr	23.04 Cr
Pretax Income	-	21.33 Cr	10.76 Cr	-14.48 Cr	46.12 Cr	5.58 Cr	52.06 Cr
Tax Provision	-	8.79 Cr	9.29 Cr	1.23 Cr	14.35 Cr	6.17 Cr	11.51 Cr
Net Income	-	12.71 Cr	2.08 Cr	-15.36 Cr	32.33 Cr	-17.00 L	39.46 Cr
Diluted EPS	1.35	0.49	0.06	-0.62	1.25	-0.02	1.59

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	1,973.76 Cr	2,247.27 Cr	2,569.34 Cr	3,046.08 Cr
Cost of Revenue	-	1,091.89 Cr	1,106.92 Cr	1,226.59 Cr	1,412.80 Cr
Gross Profit	-	881.86 Cr	1,140.35 Cr	1,342.75 Cr	1,633.28 Cr
Operating Expenses	-	711.53 Cr	929.82 Cr	1,181.86 Cr	1,449.87 Cr
Operating Income	-	170.33 Cr	210.53 Cr	160.89 Cr	183.41 Cr
EBITDA	-	250.77 Cr	316.30 Cr	285.59 Cr	327.01 Cr
Interest Expense	-	23.42 Cr	44.27 Cr	65.48 Cr	96.22 Cr
Pretax Income	-	164.11 Cr	184.94 Cr	106.39 Cr	89.28 Cr
Tax Provision	-	35.60 Cr	46.93 Cr	38.04 Cr	33.26 Cr
Net Income	-	128.70 Cr	138.39 Cr	69.69 Cr	56.26 Cr
Diluted EPS	3.76	5.15	5.41	2.68	-

Compounded Sales Growth

5 Years:	15.56%
1 Year:	25.80%

Compounded Profit Growth

5 Years:	-24.11%
1 Year:	2,550.00%

Stock Price Performance

1 Year:	-16.90%
6 Months:	-9.76%
3 Months:	-5.98%
1 Month:	+2.44%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	2,041.38 Cr	2,735.77 Cr	2,908.62 Cr	3,004.14 Cr
Current Assets	-	1,009.44 Cr	1,083.47 Cr	1,092.99 Cr	1,234.86 Cr
Cash & Equivalents	-	15.92 Cr	32.78 Cr	42.50 Cr	63.86 Cr
Inventory	-	513.49 Cr	609.10 Cr	664.71 Cr	763.93 Cr
Receivables	-	142.70 Cr	151.47 Cr	156.66 Cr	218.68 Cr
Total Liabilities	-	1,083.14 Cr	1,658.92 Cr	1,783.38 Cr	1,825.06 Cr
Current Liabilities	-	661.58 Cr	895.72 Cr	931.93 Cr	1,013.91 Cr
Long Term Debt	-	352.39 Cr	647.17 Cr	731.30 Cr	707.24 Cr
Total Debt	-	628.03 Cr	1,109.30 Cr	1,198.80 Cr	1,160.41 Cr
Total Equity	-	958.16 Cr	1,077.16 Cr	1,126.88 Cr	1,179.26 Cr
Shares Outstanding	-	25.40 Cr	25.51 Cr	25.51 Cr	25.51 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	169.29 Cr	193.64 Cr	210.44 Cr	292.38 Cr
Investing Cash Flow	-	-535.18 Cr	-526.74 Cr	-166.86 Cr	-79.97 Cr
Financing Cash Flow	-	366.10 Cr	349.96 Cr	-33.86 Cr	-191.05 Cr
Capital Expenditure	-	-466.43 Cr	-635.33 Cr	-267.60 Cr	-91.31 Cr
Free Cash Flow	-	-297.13 Cr	-441.69 Cr	-57.16 Cr	201.07 Cr
Net Change in Cash	-	20.78 L	16.86 Cr	9.72 Cr	21.36 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	44.7%	50.7%	52.3%	53.6%
Operating Margin %	-	8.6%	9.4%	6.3%	6.0%
Net Margin %	-	6.5%	6.2%	2.7%	1.8%
ROE %	-	13.4%	12.8%	6.2%	4.8%
ROCE %	-	12.3%	11.4%	8.1%	9.2%

Shareholding Pattern

Insiders

78.60%

Institutions

11.63%

Public Float

54.34%

Analyst View

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GREENLAM · Consumer Cyclical