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Greenlam Industries Ltd share Price

Company details

6M Return 12.34%
1Y Return 17.53%
Mkt Cap.(Cr) 4,775.57
Volume 57,654
Div Yield 0.41%
OI Chg %
Volume 57,654

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Greenlam Industries Ltd.

Q4FY23 Quarterly & FY23 Annual Result Announced for Greenlam Industries Ltd.

Furniture-Furnishing Paints company Greenlam Industries announced Q4FY23 & FY23 results:

  • Consolidated Q4FY23:
    • Net revenues reported at Rs 533.8 crore, a growth of 15.2% on a YoY basis
    • Overall laminate business grew by 16.0% in value and 16.8% in volume terms on a YoY basis
    • EBIDTA reported at Rs 74.1 crore, a growth of 49.4% on a YoY basis
    • Net Profit reported at Rs 46.1 crore, a growth of 79.7% on a YoY basis
    • Working capital stood at 66 days improvement of 8 days on a YoY basis
  • Consolidated FY23:
    • Net revenues reported at Rs 2,026.0 crore, a growth of 18.9% on a YoY basis
    • Overall laminate business grew by 19.0% in value and 3.1% in volume terms on a YoY basis
    • EBIDTA reported at Rs 232.9 crore, a growth of 24.5% on a YoY basis
    • Net Profit reported at Rs 128.0 crore as against Rs 41.4 crore in FY22, a growth of 41.4% on a YoY basis

Speaking about the results Saurabh Mittal, Managing Director and Chief Executive Officer, Greenlam Industries said, “The fourth quarter exhibited overall good business performance with revenue growing 15.2% on a YoY basis. The laminate business demonstrated strong momentum with both domestic and exports growing by 11.1% and 20.9% respectively. The laminate business also grew 16.8% in volume terms. In the Veneer and Allied Segment, the decorative veneer business grew in the quarter whereas the floors and doors business remained subdued. For the year, our revenue from operations surpassed Rs 2000 crore milestone. For the quarter, our gross margins and operating margins for the quarter expanded by 390 bps and 320 bps respectively on account of softening in raw material, freight cost, and higher revenue. Our return on capital employed excluding project capex (ROCE) experienced a notable improvement to 24.0% during the quarter. Additionally, sequentially the working capital days declined by 2 days and stood at 66 days for the quarter. As of March 31, 2023, our net debt stood at Rs 312.0 crore, including Rs 226.7 crore of debt towards our ongoing projects.

We have commissioned the enhanced capacity of our Prantij, Gujarat plant in May and the total laminate capacity now stands at 21.02 million sheets. We expect to start the commercial production of a greenfield plywood unit at Tindivanam, Tamil Nadu in June 2023. The greenfield laminate plant and particle board plant at Naidupeta, Andhra Pradesh are expected to start production by Q2FY24 and Q4FY24 respectively. We remain committed to the successful completion of our projects and look forward to the positive impact they will have on our overall operations.

At Greenlam, we always believe in serving our customers with top-notch products and services. Our constant endeavour is to bring superior and exquisite products, which are developed using the latest industry-first technology that aids them to redefine their living spaces.”



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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Greenlam Industries Ltd Stocks COMPARISION


Equity Capital: 654.36 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 4,188.45 36,268.13
LAST 3M 15,476.00 58,854.71
LAST 6M 62,880.13 40,849.01
LAST 12M 117,744.22 88,090.28
Greenlam Industries schedules AGM

Jun 01, 2023 l BSE Announcement

Greenlam Industries Limited - Outcome of Board Meeting

May 29, 2023 l NSE Announcement

Board of Greenlam Industries recommends Final Dividend

May 29, 2023 l BSE Announcement

Date Action Type Ratio
Jun 30, 2023 Dividend 150
Jul 07, 2022 Dividend 120
Feb 10, 2022 Split 1:5

Greenlam Industries Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Greenlam Industries was incorporated on 12 August 2013 as a public limited company with the name ?Greenlam Industries Limited. The Company received certificate of commencement of business on 16 August 2013. Pursuant to the Composite Scheme of Arrangement between Greenply and the Company, which was approved by the Honble Gauhati High Court, vide order dated 31 October 2014 the `Decorative Business` stands demerged from Greenply and has been transferred to and vested in the Company. The Companys current business is resultant of de-merger of the Decorative business of Greenply Industries Limited pursuant to the Composite Scheme of Arrangement. Post the said Scheme, the Companys business has been designed to be an interior infrastructure company engaged in the manufacture of laminates, decorative veneers and their allied products. In 2015, the company commenced production of new product line in Behror. The company also completed expansion of unit at Nalagarh, Himachal Pradesh.

No Data Found

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 538979
Book Closure Date (Month) : Aug
BSE Group : B
ISIN : INE544R01021

FAQ’s on Greenlam Industries Ltd Shares

You can buy Greenlam Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Greenlam Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 05, 2023 03:55 PM the closing price of Greenlam Industries Ltd was ₹ 376.05.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Jun 05, 2023 03:55 PM, the market cap of Greenlam Industries Ltd stood at ₹ 4,775.57.

The latest PE ratio of Greenlam Industries Ltd as of Jun 05, 2023 03:55 PM is 36.25

The latest PB ratio of Greenlam Industries Ltd as of Jun 05, 2023 03:55 PM is 0.21

The 52-week high of Greenlam Industries Ltd is ₹ 380.00 while the 52-week low is ₹ 281.55

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