Greenlam Industries Ltd (IN:GREENLAM)
:GREENLAM
Want to see IN:GREENLAM full AI Analyst Report?
Top Page
Greenlam Industries Ltd
(GREENLAM)
Select Model
Select Model
Rating:54Neutral
Price Target:
₹230.00
▼(-12.86% Downside)
Action:Reiterated
Date:05/25/26
The score is primarily held back by weakening profitability, higher leverage, and historically volatile free cash flow, despite continued revenue growth. Technicals are moderately supportive with positive momentum, but the very high P/E and low dividend yield materially weigh on the overall attractiveness.
Positive Factors
Steady revenue growth
Consistent top-line growth indicates resilient end-market demand for surfacing products and steady order flow from B2B channels. Over a 2-6 month horizon this supports utilization, revenue visibility, and provides a platform to invest in product/mix improvements and distribution.
Negative Factors
Profitability erosion
Net margin compression to ~1.8% signals weakening pricing power or rising input/operating costs. Persistently low margins reduce retained earnings, lower return on capital and increase vulnerability to cost shocks, limiting sustainable investment and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Consistent top-line growth indicates resilient end-market demand for surfacing products and steady order flow from B2B channels. Over a 2-6 month horizon this supports utilization, revenue visibility, and provides a platform to invest in product/mix improvements and distribution.
Read all positive factors
Greenlam Industries Ltd (GREENLAM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹64.16B
Dividend Yield0.16%
Average Volume (3M)652.89K
Price to Earnings (P/E)112.7
Beta (1Y)1.08
Revenue Growth18.56%
EPS Growth-17.67%
CountryIN
Employees2,623
SectorConsumer Defensive
Sector Strength42
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)1.77
Shares Outstanding255,147,700
10 Day Avg. Volume4,222
30 Day Avg. Volume652,889
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)5.9
Revenue Forecast (FY)₹35.74B
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 makes money primarily by manufacturing and selling interior surfacing products to distributors, dealers/retailers, and project/custom (B2B) customers such as furniture makers, interior contractors, and real-estate/project specification ch...
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 | 27.66B | 30.46B | 25.69B | 23.06B | 19.94B | 17.03B |
| Gross Profit | 13.12B | 8.76B | 7.18B | 11.92B | 9.47B | 7.04B |
| EBITDA | 2.81B | 3.25B | 2.86B | 3.16B | 2.51B | 1.92B |
| Net Income | 317.60M | 562.60M | 696.90M | 1.38B | 1.29B | 907.33M |
Balance Sheet | ||||||
| Total Assets | 29.54B | 30.04B | 29.09B | 27.36B | 20.53B | 13.84B |
| Cash, Cash Equivalents and Short-Term Investments | 688.90M | 1.15B | 985.80M | 1.80B | 2.59B | 1.76B |
| Total Debt | 11.71B | 11.60B | 11.99B | 11.09B | 6.28B | 3.98B |
| Total Liabilities | 18.20B | 18.25B | 17.83B | 16.59B | 10.84B | 7.29B |
| Stockholders Equity | 11.37B | 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 Technical Analysis
Positive
263.95
Price Trends
231.57
Positive
232.86
Positive
241.55
Positive
Market Momentum
7.00
Negative
59.13
Neutral
72.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GREENLAM, the sentiment is Positive. The current price of 263.95 is above the 20-day moving average (MA) of 240.46, above the 50-day MA of 231.57, and above the 200-day MA of 241.55, indicating a bullish trend. The MACD of 7.00 indicates Negative momentum. The RSI at 59.13 is Neutral, neither overbought nor oversold. The STOCH value of 72.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹56.32B | 37.83 | ― | ― | 10.17% | 25.86% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | ₹78.10B | 63.66 | ― | 0.74% | -0.24% | -48.94% | |
54 Neutral | ₹64.16B | 112.73 | ― | 0.16% | 18.56% | -17.67% | |
53 Neutral | ₹5.17B | 77.73 | ― | 0.42% | -3.98% | -86.94% |
* Consumer Defensive Sector Average
IN:GREENLAM
Greenlam Industries Ltd
255.35
19.85
8.43%
IN:ICIL
Indo Count Industries Limited
391.45
118.76
43.55%
IN:RUSHIL
Rushil Decor Ltd.
17.28
-11.38
-39.71%
IN:STYLAMIND
Stylam Industries Limited
3,175.45
1,564.60
97.13%
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.