MarketFriction

Greenlam Industries Ltd

NSE GREENLAM · BSE 538979 · Plywood Boards/ Laminates
₹213.62 +0.36%
NSE close2026-10-01
52 week range197.59 - 278.55
Market cap₹5,496 Cr.
P/E59.6
Price band 20% Delivery 58.1%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales604563624605681602682674808706858797
Expenses528492541541599538618630704638749717
Operating Profit76718464816464441046810880
OPM %13%13%13%11%12%11%9%7%13%10%13%10%
Other Income639381021-426
Interest91413141616202624232319
Depreciation192426262727333536363535
Profit before tax53355327472111-144665231
Tax %26%29%23%26%27%41%86%8%31%111%22%31%
Net Profit3925412034131-1632-14121
EPS in Rs1.540.991.610.791.360.500.08-0.601.27-0.011.550.84
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,0301,0761,1451,2811,3211,2001,7032,0262,3062,5693,0463,169
Expenses9009379961,1221,1421,0261,5161,7932,0102,2952,7212,808
Operating Profit130139149159179174188233296275325361
OPM %13%13%13%12%14%14%11%12%13%11%11%11%
Other Income32214-5418201126
Interest352918172217142344659690
Depreciation353736375256586387114142142
Profit before tax6276971061089611916418510689135
Tax %40%34%33%27%20%23%24%22%25%36%37%
Net Profit38506577877491129138685693
EPS in Rs1.562.062.683.193.593.053.765.075.422.732.203.65
Dividend Payout %6%7%9%9%11%16%16%15%15%15%18%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%20%15%20%
Compounded Profit Growth4%-7%-23%171%
Stock Price CAGR11%9%1%-9%
Return on Equity13%10%8%5%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital121212121212121213132626
Reserves2082332863444164895616429451,0641,1011,154
Borrowings3933652982522702943073986281,1091,1991,160
Other Liabilities230260194216229309291324449539576659
Total Liabilities8428717918239271,1041,1721,3762,0352,7262,9022,999
Fixed Assets3283533243313304294134685069861,7491,709
CWIP945122171893806112810
Investments0000001061612421475652
Other Assets5055144624925756586347399079811,0681,228
Total Assets8428717918239271,1041,1721,3762,0352,7262,9022,999
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity118116185109649621371169194210292
Cash from Investing Activity-100-53-22-38-57-54-154-136-535-527-167-80
Cash from Financing Activity-12-63-160-69-6-22-7162366350-34-191
Net Cash Flow5-032120-12-30171021
Free Cash Flow176416170742163-14-297-440-56204
CFO/OP138%99%144%94%62%70%138%56%88%81%95%104%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days726554545038412826242226
Inventory Days160168147156163202229195174204198197
Days Payable129128839686911359993117123131
Cash Conversion Cycle1031051171151281491351231061129792
Working Capital Days3824253543403437161913
ROCE %20%16%17%19%19%18%15%14%14%12%7%8%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters51.22%50.98%50.98%50.98%50.98%50.98%50.98%50.98%50.98%50.98%50.98%50.98%
FIIs1.37%1.28%1.36%1.77%1.72%1.78%1.77%1.75%1.74%1.74%1.77%1.47%
DIIs15.58%15.54%15.56%15.60%15.63%15.72%15.73%15.15%14.60%14.48%13.96%10.89%
Public31.81%32.20%32.10%31.65%31.67%31.51%31.53%32.12%32.68%32.78%33.26%36.64%
No. of Shareholders14,27818,02216,84814,77115,14214,41216,14016,09316,23216,98316,42516,944

Fundamentals

Market Cap₹ 5,496 Cr.
Current Price₹ 214
Stock P/E59.6
Book Value₹ 46.2
ROCE8.12 %
ROE5.02 %
Dividend Yield0.19 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)20%
Compounded Profit Growth (TTM)171%
Consolidated figures.
Valuation
Market capRs 5,450 Cr
Enterprise valueRs 6,547 Cr
P/E (TTM)58.65x
Price to book4.62x
Price to sales1.72x
EV / EBITDA17.87x
EV / EBIT29.16x
EV / sales2.07x
Price to cash flow18.64x
Earnings yield1.71%
Dividend yield0.19%
P/E, 3-year average67.43x
P/B, 3-year average4.25x
P/E, 5-year average48.25x
P/B, 5-year average3.62x
Profitability
Operating margin (excl. other income)10.67%
Operating margin (incl. other income)10.74%
EBITDA margin11.56%
Pre-tax margin4.25%
Net profit margin2.93%
Net margin, latest quarter2.67%
ROE4.88%
ROCE7.95%
ROA1.91%
ROE, 3-year average8.27%
ROCE, 3-year average9.24%
ROA, 3-year average3.40%
ROE, 5-year average11.11%
ROCE, 5-year average11.15%
ROA, 5-year average4.97%
ROIC (approx.)6.19%
Tax rate37.25%
Other income / net worth0.18%
Growth
Sales growth (latest year)18.55%
Profit growth (latest year)-19.27%
Sales CAGR, 3 years14.56%
Sales CAGR, 5 years20.49%
Profit CAGR, 3 years-24.11%
Profit CAGR, 5 years-5.27%
Sales growth QoQ-7.11%
Profit growth QoQ-46.00%
Sales growth YoY (latest quarter)18.24%
Per share
EPS (TTM)Rs 3.64
EPS (latest year)Rs 2.21
EPS (latest quarter)Rs 0.84
EPS, 3-year averageRs 5.26
EPS, 5-year averageRs 6.69
Book value per shareRs 46.22
Sales per shareRs 124.20
Cash flow per shareRs 11.46
Free cash flow per shareRs 8.00
Dividend per share (latest year)Rs 0.40
Dividend per share, 3-year averageRs 0.82
Dividend per share, 5-year averageRs 1.03
Dividends
Dividend payout18.13%
Dividend payout, 3-year average15.99%
Dividend payout, 5-year average15.75%
Efficiency
Asset turnover1.02x
Fixed asset turnover1.78x
Inventory turnover2.11x
Inventory days173 days
Debtor days26 days
Debtors turnover13.93x
Creditor days131 days
Cash conversion cycle92 days
Working capital days13 days
Leverage
Total debtRs 1,160 Cr
Cash and bankRs 64 Cr
Net debtRs 1,096 Cr
Debt to equity0.98x
Net debt / EBITDA2.99x
Interest coverage2.50x
Current ratio (filing 2026-03-31)1.22x
Quick ratio (filing 2026-03-31)0.46x
Trade payables (filing 2026-03-31)Rs 507 Cr
Owners' fund to total sources39.32%
Debt to assets38.69%
Cash flow
Cash from Operating Activity (latest year)Rs 292 Cr
Cash from Investing Activity (latest year)Rs -80 Cr
Cash from Financing Activity (latest year)Rs -191 Cr
Net Cash Flow (latest year)Rs 21 Cr
Free cash flow (latest year)Rs 204 Cr
FCFE (approx.: FCF + change in debt)Rs 166 Cr
Cash from ops / profit, 5 years1.94x
Sales to cash flow10.42x
Statement figures
Net sales (TTM)Rs 3,169 Cr
Net sales (latest year)Rs 3,046 Cr
Sales (latest quarter)Rs 797 Cr
Operating profit excl. other income (latest year)Rs 325 Cr
Operating profit (latest quarter)Rs 80 Cr
Other income (TTM)Rs 6 Cr
EBITDA (TTM)Rs 366 Cr
PBDT (TTM)Rs 276 Cr
Profit before tax (TTM)Rs 135 Cr
Tax (latest year)Rs 33 Cr
Net profit (TTM)Rs 93 Cr
Net profit (latest year)Rs 56 Cr
Net profit (latest quarter)Rs 21 Cr
Depreciation (TTM)Rs 142 Cr
Depreciation (latest quarter)Rs 35 Cr
Interest (TTM)Rs 90 Cr
Cost of goods sold (latest year)Rs 1,609 Cr
Total expenditure (latest year)Rs 2,721 Cr
Total income (latest year)Rs 3,048 Cr
Share capitalRs 26 Cr
ReservesRs 1,154 Cr
Shareholders' fundsRs 1,179 Cr
Total assetsRs 2,999 Cr
Net blockRs 1,709 Cr
Capital work in progressRs 10 Cr
InvestmentsRs 52 Cr
ReceivablesRs 219 Cr
InventoryRs 764 Cr
Other liabilitiesRs 659 Cr
Shares outstanding (crore)25.51
Ownership
Promoter holding50.98% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 58.6 is at the 75th percentile of its own 9.4-year range (median 47.5, low 16.4, high 323.0).
P/B 4.62 is at the 13th percentile (median 6.10).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodGREENLAMNifty 50Difference
1 week-5.9%-2.8% -3.1 pts
1 month-11.9%-6.8% -5.2 pts
3 months-20.0%-7.6% -12.4 pts
6 months+4.6%+0.4% +4.2 pts
1 year-11.4%-9.9% -1.4 pts
2 years-18.6%-13.6% -5.0 pts
3 years+2.9%+14.2% -11.3 pts
5 years+56.0%+27.9% +28.1 pts
4 mutual fund schemes hold about ₹513 Cr. Over three months 4 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
DSP Small Cap Fund1.17%252 +9%
HDFC Mid Cap Fund0.14%151 +8%
Nippon India Small Cap Fund0.13%110 +14%
Motilal Oswal BSE 1000 Index Fund0.01%0 +17%

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹797 Cr +18.2% vs Jun 2025. Net profit ₹21 Cr +231.2%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-03Dividend - Re 0.40 Per Share
2025-06-20Dividend - Re 0.40 Per Share
2025-03-21Bonus 1:10.5000
2024-06-21Dividend - Rs 1.65 Per Share
2023-06-30Dividend - Rs 1.50 Per Share
2022-07-07Dividend - Rs 1.20 Per Share
2022-02-10Face Value Split (Sub-Division) - From Rs 5/- Per Share To Re 1/- Per Share0.2000
2021-08-04 Dividend - Rs 5 Per Share
2020-03-17 Interim Dividend - Rs 4 Per Share
2019-08-01 Annual General Meeting/Dividend - Rs 3 Per Share
2018-08-20 Annual General Meeting/Dividend Rs 2.50 Per Share
2017-08-11 Annual General Meeting/Dividend -Rs.1.50/ Per Share
2016-08-12 Annual General Meeting/Dividend - Re 1/- Per Share
2015-08-14 Annual General Meeting/Dividend -Re 0.50 Per Share
DateTypeWhat it says
2026-09-30General UpdatesGeneral Updates
2026-09-22AppointmentAppointment of Mr Nishit Bansal as Chief Human Resources Officer of the company w.e.f. September 22, 2026.
2026-09-04General UpdatesAcquisition in Bhadla Minigrid Solar 4 Private Limited, a special purpose vehicle established for owning and operating a captive power plant.
2026-09-03Credit Rating- RevisionCredit Rating- Revision
2026-09-03Concall / analyst meetSchedule of meet-Outcome
2026-08-26Concall / analyst meetSchedule of meet
2026-08-17Concall / analyst meetTranscript
2026-08-13Concall / analyst meetOutcome of Investor Meet
2026-08-12Concall / analyst meetOutcome of Investor Meet
2026-08-10Concall / analyst meetLink of Recording
2026-08-07Investor PresentationInvestor Presentation
2026-08-07Press ReleaseA press release dated August 07, 2026, titled "Press Release".
2026-08-07Board meeting outcomeGreenlam Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-07Concall / analyst meetSchedule of meet
2026-08-07Concall / analyst meetSchedule of meet
2026-08-03Concall / analyst meetSchedule of meet
2026-07-29Change in ManagementChange in Management
2026-07-29Shareholder meetingVoting results.
2026-07-29Shareholder meetingProceedings of 13th Annual General Meeting held on July 29, 2026
2026-07-08General UpdatesA letter sent to those shareholders whose e-mail addresses are not registered, with providing the weblink of Company s website from where the Integrat...
2026-07-07Shareholder meetingNotice of Annual General Meeting to be held on July 29, 2026 through VC/OAVM
2026-06-09Concall / analyst meetTranscript
2026-06-04Concall / analyst meetLink of Recording
2026-05-30ResignationResignation of Director/KMP/SMP
2026-05-30ResignationResignation of Mr Prashant Prakash Srivastava as Other of the company w.e.f. May 30, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2018-04-11CESTATGREENLAM INDUSTRIES LTD ---VS.--- ALWAR
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Greenlam Industries Ltd?

Greenlam Industries Ltd (GREENLAM) has a market capitalisation of Rs 5,496 Cr. at the 2026-10-01 close.

What is the P/E ratio of Greenlam Industries Ltd?

Greenlam Industries Ltd trades at a P/E of 59.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were Greenlam Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Greenlam Industries Ltd sales was Rs 797 Cr (+18.2% vs Jun 2025) and net profit was Rs 21 Cr.

What is the 52-week high and low of Greenlam Industries Ltd?

The 52-week high is Rs 278.55 and the 52-week low is Rs 197.59.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03