Greenlam Industries
- Market cap
- ₹ 5,389 Cr.
- P/E
- 59x
- P/B
- 4.7x
- 52-week range
- 197.59 – 278.55
- ROE
- 5%
- ROCE
- 8%
- Dividend yield
- 0.2%
- Debt / equity
- 0.98
- Sector
- Consumer Durables
- Industry
- Plywood Boards/ Laminates
- Listed on
- NSE, BSE
About
Greenlam Industries Limited is an India-based company, which is engaged in the business of manufacturing laminates, decorative veneers, doors and plywood, and allied products through its factories at Behror and Nalagarh. The Company manufactures compact panels, cladding solutions, restroom cubicle / locker solutions, kitchen solutions, decorative veneers, engineered wooden flooring, staircase solutions, and engineered wooden door sets, in addition to a range of decorative laminates. It operates through three segments: Laminates & Allied Products, Veneers & Allied Products, and Plywood & Allied Products. Laminate & Allied Products segment is engaged in the manufacturing of laminates, compact laminates and other allied products. Veneer & Allied Products is engaged in the manufacturing of decorative veneers, engineered wood flooring, engineered door sets, and other allied products. Plywood & Allied Products is engaged in the business of manufacturing plywood and other allied products.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Plywood Boards/ Laminates: 17 companies →Greenlam Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)59 against a typical 40: pricier than most peers (1st = cheapest).14th of 17
- Sales growth+18.2% against a typical +15.2% from a year earlier.7th of 15
- Share price, 3 months−16.9% against a typical −8.7%.13th of 17
- Size₹ 5,388.7 Cr. market value against a typical ₹ 131.5 Cr. (1st = largest).2nd of 17
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety, with caution
Rated AA- by ICRA- ICRA expects things to get worse (negative outlook).
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | Withdrawn | Stable | 7 Sep 2026 |
| ICRA | [ICRA]AA- | Negative | 8 May 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 7 Sep 2026 | Withdrawn | was CARE AA- | — | CARE | — | |
| 8 May 2026 | Reaffirmed | [ICRA]AA- | — | ICRA | ₹ 450 Cr. |
Research by Minerva Capital Research Solutions
Our research team's work on Greenlam IndustriesAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 7 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 22 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 29 Jan 2026 | Financial Results | To consider and approve the Un-audited Standalone and Consolidated financial results for the quarter and nine months ended December 31, 2025 |
| 8 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 7 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 30 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and recommendation of dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 604 | 563 | 624 | 605 | 681 | 602 | 682 | 674 | 808 | 706 | 858 | 797 |
| Expenses | 528 | 492 | 541 | 541 | 599 | 538 | 618 | 630 | 704 | 638 | 749 | 717 |
| Operating Profit | 76 | 71 | 84 | 64 | 81 | 64 | 64 | 44 | 104 | 68 | 108 | 80 |
| OPM % | 13% | 13% | 13% | 11% | 12% | 11% | 9% | 7% | 13% | 10% | 13% | 10% |
| Other Income | 6 | 3 | 9 | 3 | 8 | 1 | 0 | 2 | 1 | −4 | 2 | 6 |
| Interest | 9 | 14 | 13 | 14 | 16 | 16 | 20 | 26 | 24 | 23 | 23 | 19 |
| Depreciation | 19 | 24 | 26 | 26 | 27 | 27 | 33 | 35 | 36 | 36 | 35 | 35 |
| Profit before tax | 53 | 35 | 53 | 27 | 47 | 21 | 11 | −14 | 46 | 6 | 52 | 31 |
| Tax % | 26% | 29% | 23% | 26% | 27% | 41% | 86% | 8% | 31% | 111% | 22% | 31% |
| Net Profit | 39 | 25 | 41 | 20 | 34 | 13 | 1 | −16 | 32 | −1 | 41 | 21 |
| EPS in Rs | 1.54 | 0.99 | 1.61 | 0.79 | 1.36 | 0.5 | 0.08 | −0.6 | 1.27 | −0.01 | 1.55 | 0.84 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 11%
- 5 Years
- 20%
- 3 Years
- 15%
- TTM
- 20%
- 10 Years
- 4%
- 5 Years
- −7%
- 3 Years
- −23%
- TTM
- 171%
- 10 Years
- 14%
- 5 Years
- 14%
- 3 Years
- 3%
- TTM
- —
- 10 Years
- 13%
- 5 Years
- 10%
- 3 Years
- 8%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Greenlam Industries | ₹ 211.30 | ₹ 5,389 Cr. | 59x | 4.7x | 5% | — |
| Grindwell Norton | ₹ 1,858.00 | ₹ 20,572 Cr. | 55.4x | 9.1x | 17.4% | 13.6% |
| Carborundum Universal | ₹ 1,031.30 | ₹ 19,647 Cr. | 71.3x | 5.2x | 5.2% | 3.2% |
| Kajaria Ceramics | ₹ 1,137.65 | ₹ 17,896 Cr. | 38x | 6.4x | 16.8% | 10.2% |
| Century Plyboards (India) | ₹ 636.25 | ₹ 14,165 Cr. | 65.9x | 6.8x | 10.6% | 5% |
| Jindal SAW | ₹ 233.30 | ₹ 14,864 Cr. | 17.4x | 1.4x | — | 3.3% |
Management
- Saurabh Mittal
- Chief Executive Officer, Managing Director, Executive Director
- Ashok Kumar Sharma
- Chief Financial Officer
- Alex Joseph
- Senior Vice President - Marketing, Head of Marketing - Laminate and Allied
- Prakash Kumar Biswal
- Compliance Officer, Vice President - Legal, Company Secretary
- Parul Mittal
- Whole-Time Director
- Lokesh Dutt
- Head - India Exports
- Yogesh Pethkar
- Head of Manufacturing Behror, Nalagarh and Prantij
- Pankaj Rishi
- Chief Operating Officer, Middle East and North Africa
Prices are delayed and for information only. Nothing on this page is investment advice.