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Greenlam Industries Ltd
(GREENLAM)
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Rating:51Neutral
Price Target:
₹252.00
▼(-1.43% Downside)
Action:Reiterated
Date:08/25/26
The score is held back primarily by weakening profitability and volatile cash-flow history alongside increased leverage. Technicals are broadly neutral (no strong momentum signal), while valuation is a major headwind given the very high P/E and minimal dividend yield.
Positive Factors
Resilient Revenue Growth
Revenue has expanded steadily, with 2026 annual growth of about 10%, indicating resilient demand for decorative surfaces. Sustained top-line progress supports scale and channel productivity, although it has not yet translated into stable margins.
Negative Factors
Sharp Margin Compression
Severe margin compression means revenue growth is producing less profit and leaves limited protection against raw-material, energy, labor or logistics costs. Persistent pricing or mix pressure could weaken earnings quality and restrict reinvestment.
Read all positive and negative factors
Positive Factors
Negative Factors
Resilient Revenue Growth
Revenue has expanded steadily, with 2026 annual growth of about 10%, indicating resilient demand for decorative surfaces. Sustained top-line progress supports scale and channel productivity, although it has not yet translated into stable margins.
Read all positive factors
Greenlam Industries Ltd (GREENLAM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹60.52B
Dividend Yield0.17%
Average Volume (3M)7.27K
Price to Earnings (P/E)64.1
Beta (1Y)1.12
Revenue Growth20.11%
EPS Growth172.93%
CountryIN
Employees3,480
SectorGeneral
Sector StrengthN/A
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)3.67
Shares Outstanding255,147,700
10 Day Avg. Volume2,673
30 Day Avg. Volume7,270
Financial Highlights & Ratios
PEG Ratio-4.78
Price to Book (P/B)4.43
Price to Sales (P/S)1.71
P/FCF Ratio48.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)5.64
Revenue Forecast (FY)₹35.83B
Greenlam Industries Ltd Business Overview & Revenue Model
Company Description
Greenlam Industries Limited, headquartered in New Delhi, India, is a prominent manufacturer and global supplier of surfacing materials. The company's operations are strategically divided into two core business segments: Laminate & Allied Products ...
How the Company Makes Money
Greenlam primarily makes money by manufacturing and selling interior surfacing products, generating revenue from the sale of its product portfolio through multiple go-to-market channels. The company’s key revenue stream is the sale of decorative l...
Greenlam Industries Ltd Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 31.69B | 30.46B | 25.69B | 23.06B | 19.94B | 17.03B |
| Gross Profit | 11.13B | 8.76B | 7.18B | 11.92B | 9.47B | 7.04B |
| EBITDA | 3.60B | 3.25B | 2.86B | 3.16B | 2.51B | 1.92B |
| Net Income | 929.30M | 562.60M | 696.90M | 1.38B | 1.29B | 907.33M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 30.04B | 29.09B | 27.36B | 20.53B | 13.84B |
| Cash, Cash Equivalents and Short-Term Investments | 1.15B | 1.15B | 985.80M | 1.80B | 2.59B | 1.76B |
| Total Debt | 0.00 | 11.60B | 11.99B | 11.09B | 6.28B | 3.98B |
| Total Liabilities | -11.79B | 18.25B | 17.83B | 16.59B | 10.84B | 7.29B |
| Stockholders Equity | 11.79B | 11.79B | 11.27B | 10.77B | 9.58B | 6.54B |
Cash Flow | ||||||
| Free Cash Flow | 902.70M | 1.07B | -1.25B | -4.42B | -2.97B | -159.57M |
| Operating Cash Flow | 1.53B | 1.98B | 1.43B | 1.94B | 1.75B | 711.57M |
| Investing Cash Flow | -445.90M | -819.90M | -1.70B | -5.27B | -5.41B | -1.36B |
| Financing Cash Flow | -1.25B | -948.30M | 373.20M | 3.50B | 3.66B | 622.23M |
Greenlam Industries Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹57.15B | 33.47 | ― | 0.14% | 10.07% | 43.02% | |
67 Neutral | ₹30.81B | 25.28 | ― | 0.95% | 7.57% | 20.58% | |
66 Neutral | ₹73.97B | 36.61 | ― | 1.31% | 8.68% | -17.48% | |
57 Neutral | ₹243.67B | 55.66 | ― | 0.21% | 10.32% | 19.43% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹4.73B | 20.67 | ― | 0.31% | 7.05% | -3.28% | |
51 Neutral | ₹60.52B | 64.12 | ― | 0.17% | 20.11% | 172.93% |
* General Sector Average
IN:GREENLAM
Greenlam Industries Ltd
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1.58%
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Greenlam Industries Ltd Corporate Events
Greenlam Sets July 3, 2026 Record Date for Final Dividend Eligibility
May 25, 2026
Greenlam Industries has fixed 3 July 2026 as the record date to determine shareholders eligible for a proposed final dividend of Re 0.40 per equity share of face value Re 1 for the financial year 2025-26. The payout, subject to shareholder approva...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.