Greenlam Industries Ltd

Greenlam Industries Ltd

₹ 608 0.34%
28 Jun - close price
About

Greenlam Industries is engaged in the business of manufacturing laminates, decorative veneers and allied products. [1]

Key Points

Products & services offered
Laminates: These are used in decorative wardrobes, wall panels, kitchen cabinets etc. Brands in this segment are Greenlam, New Mika, Greenlam Clads and Greenlam Sturdo.
Veneers: These are used as thin layers pasted on top of wooden furniture. Under Brand Name Decowood.
Wooden Flooring: Under Brand Name Mikasa Floors, it provides wooden flooring services to luxury hotel rooms and business complexes etc. It also manufactures smart doors under the brand name Mikasa Doors & Frames.[1]

  • Market Cap 7,758 Cr.
  • Current Price 608
  • High / Low 662 / 388
  • Stock P/E 53.2
  • Book Value 82.0
  • Dividend Yield 0.27 %
  • ROCE 15.6 %
  • ROE 14.7 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 7.41 times its book value
  • Promoter holding has decreased over last 3 years: -3.92%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
397 306 423 407 423 431 474 458 489 469 566 517 571
333 273 383 359 382 387 430 413 425 411 500 448 497
Operating Profit 64 33 40 47 41 43 44 45 64 58 66 69 74
OPM % 16% 11% 10% 12% 10% 10% 9% 10% 13% 12% 12% 13% 13%
-11 2 3 1 8 2 6 10 18 5 6 7 18
Interest 3 3 3 4 3 5 6 6 6 7 9 11 10
Depreciation 13 13 13 14 13 14 14 15 15 16 18 19 20
Profit before tax 36 19 27 31 33 27 29 34 60 41 44 46 62
Tax % 24% 21% 20% 26% 22% 25% 24% 22% 10% 25% 26% 24% 19%
27 15 22 23 26 20 22 26 54 30 33 35 50
EPS in Rs 2.27 1.24 1.80 1.89 2.15 1.67 1.73 2.07 4.28 2.39 2.60 2.73 3.93
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 845 937 970 1,061 1,196 1,227 1,126 1,559 1,851 2,124
0 753 813 846 924 1,057 1,066 962 1,397 1,655 1,858
Operating Profit -0 92 124 124 137 139 162 164 163 196 265
OPM % 11% 13% 13% 13% 12% 13% 15% 10% 11% 12%
-0 1 1 2 2 2 22 -9 15 36 34
Interest -0 28 28 25 16 15 20 16 13 23 37
Depreciation -0 30 32 33 33 34 49 52 54 58 74
Profit before tax -0 36 65 67 90 91 114 87 110 150 189
Tax % -0% 25% 38% 36% 34% 29% 19% 23% 22% 18% 23%
-0 27 40 43 59 65 93 67 85 123 146
EPS in Rs -0.20 2.21 3.34 3.55 4.90 5.39 7.67 5.54 7.07 9.68 11.44
Dividend Payout % -0% 5% 6% 8% 10% 11% 10% 18% 17% 16% 14%
Compounded Sales Growth
10 Years: %
5 Years: 12%
3 Years: 24%
TTM: 15%
Compounded Profit Growth
10 Years: 161%
5 Years: 18%
3 Years: 24%
TTM: 22%
Stock Price CAGR
10 Years: %
5 Years: 32%
3 Years: 35%
1 Year: 35%
Return on Equity
10 Years: 16%
5 Years: 16%
3 Years: 15%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0 12 12 12 12 12 12 12 12 13 13
Reserves -0 215 252 292 346 404 479 546 620 922 1,034
-0 268 254 238 204 238 250 275 370 383 526
-0 219 248 188 211 219 292 284 307 334 403
Total Liabilities 0 714 767 730 773 873 1,033 1,117 1,309 1,652 1,975
-0 311 338 312 321 323 411 399 393 442 621
CWIP -0 9 4 5 1 22 16 17 5 25 34
Investments -0 17 24 24 24 24 71 177 287 502 575
0 376 401 388 426 504 536 524 624 684 745
Total Assets 0 714 767 730 773 873 1,033 1,117 1,309 1,652 1,975

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 157 110 124 92 46 129 190 51 180 218
-0 -96 -67 -14 -37 -56 -79 -154 -122 -337 -160
0 -60 -44 -106 -55 11 -30 -50 69 155 -47
Net Cash Flow 0 2 -1 4 0 1 19 -14 -2 -2 11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 51 49 45 47 42 36 44 29 24 26
Inventory Days 134 146 140 150 153 183 201 180 160 164
Days Payable 126 129 84 96 81 87 130 98 90 104
Cash Conversion Cycle 59 66 101 101 114 132 115 111 95 87
Working Capital Days 59 56 65 64 78 78 78 75 62 83
ROCE % 26% 18% 17% 19% 18% 19% 15% 14% 15%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
54.90% 53.90% 53.90% 53.90% 53.90% 51.22% 51.22% 51.22% 51.22% 51.22% 50.98% 50.98%
1.33% 1.55% 1.59% 1.63% 0.00% 1.46% 1.44% 1.44% 1.45% 1.37% 1.28% 1.36%
16.80% 14.86% 14.22% 14.19% 15.72% 13.37% 13.10% 15.70% 15.60% 15.58% 15.54% 15.56%
26.97% 29.70% 30.29% 30.28% 30.39% 33.95% 34.25% 31.64% 31.71% 31.81% 32.20% 32.10%
No. of Shareholders 6,1926,35110,95812,13513,20113,51213,31612,88914,06014,27818,02216,848

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls