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Greenlam Industries Ltd (GREENLAM)

₹613.951.1%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Insights on Greenlam Industries Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Profit Spike

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    Netprofit is up for the last 2 quarters, 25.3 Cr → 40.97 Cr (in ₹), with an average increase of 38.3% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

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    Mutual Funds have increased holdings from 12.84% to 12.86% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

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    In the last 3 months, GREENLAM stock has moved up by 30.3%

  • imgPOSITIVE IMPACT

    Revenue Rich

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    Revenue is up for the last 2 quarters, 566.47 Cr → 632.84 Cr (in ₹), with an average increase of 10.5% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

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    Foreign Institutions have increased holdings from 1.28% to 1.36% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

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    In the last 3 years, GREENLAM has outperformed top 5 stocks with highest market-cap in Forest & Wood Products

  • imgNO EFFECT

    Promoter Holding Unchanged

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    Promoters holdings remained unchanged at 50.98% of holdings in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

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    In the last 1 year, Greenply Industries Ltd has given 73.3% return, outperforming this stock by 31.3%

  • imgNEGATIVE IMPACT

    Retail Holding Down

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    Retail Investor have decreased holdings from 32.20% to 32.10% in Mar 2024 quarter

Performance

  • Day's Low

    Day's High

    ₹607.45
    ₹621.1
  • 52 Week's Low

    52 Week's High

    ₹388.2
    ₹662
1 Month Return+ 4.08 %
3 Month Return+ 30.29 %
1 Year Return+ 41.99 %
Previous Close₹607.30
Open₹613.70
Volume22.50K
Upper Circuit-
Lower Circuit-
Market Cap₹7,747.56Cr

Analyst Rating

based on 11 analysts

BUY
72.73%
Buy
18.18%
Hold
9.09%
Sell

Based on 11 analysts offering long term price targets for Greenlam Industries Ltd. An average target of ₹622.27

Source: S&P Global Market Intelligence

Company Information

Greenlam Industries Limited, incorporated on August 12th 2013 and engaged in the business of manufacturing laminates, decorative veneers, and other allied products, has two overseas subsidiaries (Greenlam Asia Pacific Pte Ltd and Greenlam America Inc), two domestic subsidiaries (Greenlam South Ltd & HG Industries Limited) with 74.91 shares respectively, and various branches and dealers all over the country. Through the Composite Scheme of Arrangement that was approved by the Honorable Gauhati High Court in October 2014 the decorative business of Greenply Industries Limited was demerged and transferred to Greenlam Industries Limited and became effective on November 17, 2014. Subsequently, the Company started the manufacturing and production of Engineered Door Sets, with an additional 2 million laminate sheets per annum by June 2017, and later in September 2019, with the addition of another 1.6 million laminate sheets, the Company now has a capacity of 15.62 million laminate sheets per annum. Moreover, Greenlam Industries Limited has International subsidiaries in Dubai, Indonesia, Russia, and Poland. Also, the Company acquired 74.91 equity share capital of HG Industries Limited, thereafter becoming its subsidiary. Lastly, the Company has extended its service by setting up a branch office in Kathmandu, Nepal.

Share Price: ₹613.95 per share as on 20 Jun, 2024 04:01 PM
Market Capitalisation: ₹7,747.56Cr as of today
Revenue: ₹624.09Cr as on March 2024 (Q1 24)
Net Profit: ₹40.79Cr as on March 2024 (Q1 24)
Listing date: 02 Mar, 2015
Chairperson Name: Shiv Prakash Mittal
OrganisationGreenlam Industries Ltd
Headquarters
IndustryPlywood Boards/Laminates
E-voting on sharesClick here to vote

Key events for Greenlam Industries Ltd

  • Greenlam Industries Reports 16.91% YoY Growth in Net Sales - 14 Jun, 2024

    Greenlam Industries reported a 16.91% YoY growth in net sales for March 2024, with quarterly net profit at Rs. 40.97 crore, down 11.25% from the previous year. The company's EPS has increased to Rs. 4.22 in March 2024 from Rs. 3.39 in March 2023. Greenlam Industries shares closed at 608.05 on June 13, 2024 (NSE) and have given 9.86% returns over the last 6 months and 39.65% over the last 12 months.

  • Greenlam Industries Reports Strong Financial Year and Dividend Announcement - 13 Jun, 2024

    Greenlam Industries reported a robust financial year with revenues rising to INR 23.28 billion and net income increasing to INR 1.38 billion. The firm has announced a dividend of INR 1.65 per share, reflecting confidence in its financial health. Despite debt concerns due to poor coverage by operating cash flow, Greenlam is expected to see significant earnings growth at an annual rate of 28.74%, outpacing the broader Indian markets average.

  • Sharekhan Gives Buy Rating to Greenlam Industries with Revised PT - 12 Jun, 2024

    Greenlam Industries receives a Buy rating from Sharekhan with a revised price target of Rs. 670, considering its strong earnings growth trajectory over FY2024-FY2026E. The company reported marginally higher consolidated revenues and beat net earnings expectations aided by lower other income and tax outgo. Particleboard unit is delayed by a quarter to Q3FY2025 with rated capacity rising to 886 cbm per day.

  • Greenlam Industries Receives Export Excellence Award - 08 Jun, 2024

    Greenlam Industries has received the export excellence award for highest exporter of Decorative Laminates from The Plastic Export Promotion Council, sponsored by the Ministry of Commerce & Industry, for 14 consecutive years.

  • Greenlam Industries' Earnings Raise Concerns for Investors - 05 Jun, 2024

    Greenlam Industries had an accrual ratio of 0.37 and did not generate any free cash flow in the year to March 2024, with negative free cash flow of ₹4.4b. Shareholders may be concerned about its outflow.

  • Greenlam Industries Reports Strong Earnings and Revenue Growth Forecast - 01 Jun, 2024

    Greenlam Industries reported revenue of ₹23b, in line with analyst forecasts, but beat expectations for EPS. Analysts are now forecasting a 22% improvement in revenue to ₹28.5b by 2025, with predicted EPS growth of 25%. Despite declining revenue estimates, the average price target remained steady at ₹616, indicating higher value placed on earnings.

  • Greenlam Industries FY24 Revenue Up 15%, Net Income Up 7.8% - 31 May, 2024

    Greenlam Industries reported a revenue of ₹23.3b in FY24, up 15% YoY, with net income of ₹1.38b, up 7.8% YoY. EPS surpassed analyst estimates by 2.6%. The company forecasts an average annual revenue growth of 19% for the next three years compared to 15% for the building industry in India. However, its shares are down 3.2% from a week ago.

  • Greenlam Industries Reports 16.76% YoY Growth in Net Sales - 29 May, 2024

    Greenlam Industries reports a 16.76% YoY growth in net sales for March 2024, with quarterly net profit at Rs. 50.08 crore, down 7.81% from the previous year. EBITDA stands at Rs. 91.64 crore, up 11.81% YoY. EPS has decreased to Rs. 3.93 in March 2024 from Rs. 4.25 in March 2023. The stock closed at 599.65 on May 28, 2024 (NSE) and has given 2.09% returns over the last 6 months and 68.65% over the last 12 months.

  • Greenlam Industries Launches New Collection of Surfacing Solutions - 17 May, 2024

    Greenlam Industries has launched a new collection through its brand NewMika, comprising 74 exclusive decors that cater to ready-to-use panelling products. The collection is aligned with evolving market trends and emphasizes sustainability while offering functional benefits such as low maintenance cost, time-saving installation, minimized on-site disruption, and cost-effectiveness. The products are certified by various organizations for being environment-friendly and safe to use.

Greenlam Industries Ltd Valuation

Greenlam Industries Ltd in the last 5 years

  • Overview

  • Trends

Lowest (12.64x)

March 27, 2020

Industry (37.91x)

June 19, 2024

Today (51.29x)

June 19, 2024

Highest (94.51x)

January 13, 2022

LowHigh

Mutual Fund Holdings

Funds Holdings
HDFC Mid-Cap Opportunities Fund -Direct Plan - Growth OptionHDFC Mid-Cap Opportunities Fund -Direct Plan - Growth Option0.75%
DSP Small Cap Fund Direct Plan GrowthDSP Small Cap Fund Direct Plan Growth1.13%
Nippon India Small Cap Fund - Direct Plan - Growth PlanNippon India Small Cap Fund - Direct Plan - Growth Plan0.24%
HDFC Small Cap Fund-Direct Growth OptionHDFC Small Cap Fund-Direct Growth Option0.35%
Canara Robeco Small Cap Fund Direct GrowthCanara Robeco Small Cap Fund Direct Growth0.46%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
50.98%
0.00
Foreign Institutions
1.36%
0.00
Mutual Funds
12.86%
0.00
Retail Investors
32.1%
0.00
Others
2.7%
0.00

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Greenlam Industries Ltd (GREENLAM) share price today is ₹613.95

Greenlam Industries Ltd is listed on NSE

Greenlam Industries Ltd is listed on BSE

  • Today’s highest price of Greenlam Industries Ltd is ₹621.1.
  • Today’s lowest price of Greenlam Industries Ltd is ₹607.45.

PE Ratio of Greenlam Industries Ltd is 51.29

PE ratio = Greenlam Industries Ltd Market price per share / Greenlam Industries Ltd Earnings per share

Today’s traded volume of Greenlam Industries Ltd(GREENLAM) is 22.50K.

Today’s market capitalisation of Greenlam Industries Ltd(GREENLAM) is ₹7747.56Cr.

Greenlam Industries Ltd(GREENLAMPrice
52 Week High
₹662
52 Week Low
₹388.2

Greenlam Industries Ltd(GREENLAM) share price is ₹613.95. It is down -7.26% from its 52 Week High price of ₹662

Greenlam Industries Ltd(GREENLAM) share price is ₹613.95. It is up 58.15% from its 52 Week Low price of ₹388.2

Greenlam Industries Ltd(GREENLAMReturns
1 Day Returns
6.65%
1 Month Returns
4.08%
3 Month Returns
30.29%
1 Year Returns
41.99%