Greenlam Industries Ltd (GREENLAM)

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.