Greenlam Industries Ltd (IN:GREENLAM)
:GREENLAM
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Greenlam Industries Ltd
(GREENLAM)
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Rating:58Neutral
Price Target:
₹230.00
▼(-12.86% Downside)
Action:ReiteratedDate:10/02/25
Greenlam Industries Ltd's stock score is primarily influenced by its strong revenue growth and operational efficiency, which are offset by high leverage and declining profitability. Technical indicators are positive, suggesting potential price momentum, but the high P/E ratio indicates overvaluation, posing a risk to investors.
Positive Factors
Sustained revenue growth
Greenlam's multi-year revenue expansion more than doubles top line over four years, indicating durable demand and successful distribution and export channels. Persistent top-line growth supports scale benefits, capacity utilisation and long-term market penetration across domestic and international segments.
Negative Factors
High leverage
Material leverage increases refinancing and interest-rate exposure, reducing financial flexibility for capex or working capital needs. High debt levels can constrain strategic investments and heighten downside risk if revenue or margins weaken, making deleveraging essential for longer-term stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue growth
Greenlam's multi-year revenue expansion more than doubles top line over four years, indicating durable demand and successful distribution and export channels. Persistent top-line growth supports scale benefits, capacity utilisation and long-term market penetration across domestic and international segments.
Read all positive factors
Greenlam Industries Ltd (GREENLAM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹56.37B
Dividend Yield0.16%
Average Volume (3M)652.89K
Price to Earnings (P/E)―
Beta (1Y)1.28
Revenue Growth11.84%
EPS Growth-73.79%
CountryIN
Employees2,623
SectorConsumer Defensive
Sector Strength42
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)0.23
Shares Outstanding255,147,700
10 Day Avg. Volume4,222
30 Day Avg. Volume652,889
Financial Highlights & Ratios
PEG Ratio-0.91
Price to Book (P/B)2.77
Price to Sales (P/S)1.22
P/FCF Ratio-25.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹310.00Price Target Upside17.45% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)6.64
Revenue Forecast (FY)₹34.91B
Greenlam Industries Ltd Business Overview & Revenue Model
Company Description
Greenlam Industries Limited manufactures and sells laminates, decorative veneers, and their allied products in India and internationally. The company operates through Laminate & Allied Products and Veneer & Allied Products segments. It offers lami...
How the Company Makes Money
Greenlam primarily makes money by manufacturing and selling interior surfacing products, with revenue recognized from product sales to distributors, dealers/retailers, fabricators, OEMs (e.g., furniture and modular kitchen manufacturers), and proj...
Greenlam Industries Ltd Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
58
Neutral
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 27.66B | 25.69B | 23.06B | 19.94B | 17.03B | 11.69B |
| Gross Profit | 13.12B | 7.18B | 11.92B | 9.47B | 7.04B | 5.68B |
| EBITDA | 2.81B | 2.86B | 3.16B | 2.51B | 1.92B | 1.68B |
| Net Income | 317.60M | 696.90M | 1.38B | 1.29B | 907.33M | 737.60M |
Balance Sheet | ||||||
| Total Assets | 29.54B | 29.09B | 27.36B | 20.53B | 13.84B | 11.78B |
| Cash, Cash Equivalents and Short-Term Investments | 688.90M | 985.80M | 1.80B | 2.59B | 1.76B | 1.25B |
| Total Debt | 11.71B | 11.99B | 11.09B | 6.28B | 3.98B | 3.07B |
| Total Liabilities | 18.20B | 17.83B | 16.59B | 10.84B | 7.29B | 6.04B |
| Stockholders Equity | 11.37B | 11.27B | 10.77B | 9.58B | 6.54B | 5.73B |
Cash Flow | ||||||
| Free Cash Flow | 902.70M | -1.25B | -4.42B | -2.97B | -159.57M | 1.63B |
| Operating Cash Flow | 1.53B | 1.43B | 1.94B | 1.75B | 711.57M | 2.13B |
| Investing Cash Flow | -445.90M | -1.70B | -5.27B | -5.41B | -1.36B | -1.54B |
| Financing Cash Flow | -1.25B | 373.20M | 3.50B | 3.66B | 622.23M | -708.70M |
Greenlam Industries Ltd Technical Analysis
Neutral
263.95
Price Trends
235.08
Negative
243.00
Negative
243.16
Negative
Market Momentum
-6.85
Negative
48.81
Neutral
53.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GREENLAM, the sentiment is Neutral. The current price of 263.95 is above the 20-day moving average (MA) of 219.13, above the 50-day MA of 235.08, and above the 200-day MA of 243.16, indicating a neutral trend. The MACD of -6.85 indicates Negative momentum. The RSI at 48.81 is Neutral, neither overbought nor oversold. The STOCH value of 53.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:GREENLAM.
Greenlam Industries Ltd Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹36.99B | 20.53 | ― | ― | 14.11% | -7.20% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
58 Neutral | ₹56.37B | -9,110.27 | ― | 0.16% | 11.84% | -73.79% | |
58 Neutral | ₹4.53B | 29.37 | ― | 0.42% | -4.97% | -65.55% | |
57 Neutral | ₹49.07B | 57.24 | ― | 0.74% | 10.86% | -47.15% |
* Consumer Defensive Sector Average
IN:GREENLAM
Greenlam Industries Ltd
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Greenlam Industries Ltd Corporate Events
Greenlam Says Tax Search Did Not Disrupt Operations
Mar 2, 2026
Greenlam Industries Ltd disclosed that the Indian Income Tax Department conducted a search at its registered office, at its subsidiary Greenlam Ltd, and at two of its manufacturing units under the Income Tax Act, 1961. The company stated it fully ...
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.