loader2
Partner With Us NRI

Greenlam Industries Ltd share Price Today

Company details

580.00
599.65
357.00
662.00
6M Return 3.94%
1Y Return 67.42%
Mkt Cap.(Cr) 7,593.84
Volume 66,494
Div Yield 0.28%
OI
-
OI Chg %
-
Volume 66,494

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500

Furniture-Furnishing-Paints company Greenlam Industries announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Net revenues reported at Rs 624.1 crore, growth of 16.9% on YoY basis
  • Laminate business grew by 9.2% in value and 11.9% in volume terms on YoY basis
  • Veneer & Allied business grew by 44.7% in value terms on YoY basis
  • EBIDTA reported at Rs 83.5 crore, growth of 12.8% on YoY basis
  • Net Profit reported at Rs 40.8 crore, de growth of 11.5% on YoY basis
  • Working capital stood at 60 days which is lower by 6 days on YoY basis

FY24 Financial Highlights:

  • Net revenues reported at Rs 2,306.3 crore, growth of 13.8% on YoY basis
  • Laminate business grew by 10.1% in value and 11.3% in volume terms on YoY basis
  • Veneer & Allied business grew by 20.2% in value terms on YoY basis
  • EBIDTA reported at Rs 294.7 crore, growth of 26.5% on YoY basis
  • Net Profit reported at Rs 138.0 crore, growth of 7.8% on YoY basis 

Speaking about the results Saurabh Mittal, Managing Director and Chief Executive Officer, Greenlam Industries Ltd. said, "The fourth quarter exhibited an overall revenue growth of 16.9% on a year-over-year (YoY) basis, driven by growth across all segments: laminates, veneer & allied products, and plywood. The laminate business continues to expand in both value and volume terms, growing at 9.2% and 11.9% respectively on a YoY basis with overall capacity utilization for the quarter at 85%. For the quarter, revenues for the veneer and allied business grew by 44.7%, while the plywood business saw a QoQ growth of 64.6%. Our international revenues for the year crossed the Rs 1,000 crore mark for the first time, despite challenging geopolitical situations worldwide. Further, continued disturbances in the Red Sea have led to delays in container availability, longer shipment times on certain routes and increased freight costs. On the domestic front, the building material industry is facing demand challenges. Despite these obstacles, for the quarter our domestic and international revenues grew by 25.8% and 7.2% on YoY basis, respectively.

Our gross margin stood at 53.0%, an improvement of 420 bps. This improvement was due to stable raw material prices in laminate and veneer & allied business. However, timber costs have seen significant increase which has impacted plywood business. Nevertheless, our pricing discipline and continued focus on value mix have helped us achieve an improvement in gross margins. Our EBITDA margin was 13.4%, which is lower by 50 bps compared to the same period last year. Our plywood unit in Tindivanam and laminate unit in Naidupeta, which started operations in FY24, are progressing well. The laminate unit in Naidupeta has turned EBIDTA positive within six months of operations, and the plywood unit in Tindivanam is witnessing growth and a reduction in losses.

Our net working capital days stood at 60 days, an improvement of 12 days over Q3FY24. As of March 31, 2024, our net debt stood at Rs 834.0 crore.

Our particle board project in Naidupeta, Andhra Pradesh, is now expected to start commercial production in Q3FY25. Greenlam remains committed to growth, efficient resource use, and overcoming challenges to achieve our goals.”

Result PDF

View Other Company Results

Greenlam Industries Ltd shares SWOT Analysis

Strengths (8)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years

Weakness (4)

  • MACD Crossover Below Signal Line
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (1)

  • Negative to Positive growth in Sales and Profit with Strong Price momentum

Threats (3)

  • High PE (PE > 40)
  • Companies Increasing Debt as per Annual Report
  • Increasing Trend in Non-Core Income

Resistance and support

R1 603.3
R2 611.3
R3 622.9
Pivot

591.63

S1 583.6
S2 572.0
S3 564.0
EMA SMA
587.9
569.8
550.3
515.3
582.2
561.6
544.2
517.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
HYDRA TRADING PRIVATE LIMITED Bulk Purchase 2023-03-24 313 2968680 BSE
SMITI HOLDING AND TRADING COMPANY PRIVATE LIMITED Bulk Sell 2023-03-24 313 2968680 BSE
HYDRA TRADING PRIVATE LIMITED Block Purchase 2023-03-24 313 2968680 BSE
Name Category Shares
Saurabh Mittal PROMOTER 9.13%
Shiv Prakash Mittal PROMOTER 1.98%
Parul Mittal PROMOTER 1.88%
Sm Greenlam Investments Private Limited PROMOTER 37.78%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Greenlam Industries Ltd Stocks COMPARISON

Financials( in Cr) Greenlam Industries Ltd Century Plyboards (India) Ltd Greenpanel Industries Ltd Greenply Industries Ltd Stylam Industries Ltd
Price 595.25 652.40 292.10 256.25 1,554.05
% Change 1.24 -1.08 -1.50 -0.16 -1.92
Mcap Cr 7,593.84 14,494.57 3,581.93 3,169.79 2,633.80
Revenue TTM Cr 2,025.96 3,646.57 1,782.86 1,845.63 952.13
Net Profit TTM Cr 128.04 384.05 256.51 91.43 95.98
PE TTM 54.84 44.33 25.08 46.88 20.32
1 Year Return 67.42 14.00 -8.13 55.12 -0.95
ROCE 14.05 26.08 27.15 12.44 31.50
ROE 15.78 22.13 23.91 15.47 26.36
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 968.63 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 39,641.00 -26,315.30
LAST 3M 112,356.80 -35,490.78
LAST 6M 175,524.06 28,431.26
LAST 12M 275,282.89 115,769.27
Greenlam Industries Limited - Outcome of Board Meeting

May 30, 2024 l NSE Announcement

Board of Greenlam Industries recommends final dividend

May 29, 2024 l BSE Announcement

Greenlam Industries Limited - Dividend

May 29, 2024 l NSE 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)
54.84
Promoter Holding
50.98%
Book Value
84.4348
ROCE
14.05%
ROE
15.78%
Description
  • Greenlam Industries Limited was incorporated on 12 August 2013. The Company is engaged in the business of manufacturing laminates, decorative veneers and allied products through its factories at Behror and Nalagarh and branches and dealers` network spread all over the country. It has two overseas wholly owned subsidiary companies i.e. ,Greenlam Asia Pacific Pte Ltd and Greenlam America Inc. and 2 domestic subsidiary , Greenlam South Ltd ( wholly owned) and HG Industries Limited ( holding 74.91% shares). The Company`s 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 Company`s business has been designed to be an interior infrastructure company engaged in the manufacture of laminates, decorative veneers and their allied products. During the year 2014-15, through the Composite Scheme of Arrangement between Greenply and the Company, which was approved by the Hon`ble Gauhati High Court, vide order dated 31 October 2014, the "Decorative Business" stands demerged from Greenply and was transferred to and vested in the Company with effect from Appointed Date i.e. April 1, 2013 and resultantly, the said Scheme was made effective on November 17, 2014. During the year 2015-16, the Company commenced the commercial production of Engineered Door Sets and Door Leafs at Company`s manufacturing unit in Behror, Rajasthan. The Company established a branch office in Dubai, UAE under the name `Greenlam Industries Limited (DMCC Branch)` to strengthen its presence in the Large Middle East markets in financial year 2016-17. During the financial year 2017-18, the expanded capacity for Laminates at the unit of the Company situated at Nalagarh, Himachal Pradesh to manufacture an additional 2 million laminate sheets per annum became operational w.e.f. June 05, 2017. With this addition, the total installed capacity for laminate became 14.02 million laminate sheets per annum. During the financial year 2019-20, the expanded capacity for Laminates at the unit of the Company situated at Nalagarh, Himachal Pradesh to manufacture an additional 1.6 million laminate sheets per annum was made operational in September, 2019. With this addition, the total installed capacity for laminate became 15.62 million laminate sheets per annum. During financial year 2019-20, Greenlam Asia Pacific Pte. Ltd. acquired 100% shares of Decolan SA and consequently Decolan SA became a wholly owned subsidiary of Greenlam Asia Pacific Pte. Ltd. and a wholly owned stepdown subsidiary of Greenlam Industries Limited. Post its acquisition, the name of `Decolan SA` by Greenlam Asia Pacific Pte. Ltd. got changed to `Greenlam Decolan SA`. Further, Greenlam Asia Pacific Pte. Ltd. has on May 05, 2020, incorporated a new subsidiary in Indonesia under the name and style of "PT Greenlam Indo Pacific" in Indonesia, to carry out, inter alia, the business of distributor and wholesaler of laminates and allied products. In the above-said Indonesian company, Greenlam Asia Pacific Pte. Ltd. holds 67% shares and balance share of 33% is held by a local shareholder as per regulations in Indonesia. Accordingly, the said "PT Greenlam Indo Pacific" has become a step-down subsidiary of Greenlam Industries Limited upon its incorporation. Further, Greenlam Asia Pacific Pte. Ltd. on November 02, 2020, incorporated a new subsidiary in Russian Federation under the name "Greenlam Rus LLC", and on January 08, 2021, incorporated a new subsidiary in Republic of Poland under the "Greenlam Poland Sp. z o.o." Upon theirincorporation, Greenlam Rus LLC and Greenlam Poland Sp. z o.o. became step-down subsidiaries of Greenlam Industries Limited. The Company incorporated a wholly owned subsidiary (WOS), Greenlam South Limited in India to explore opportunities through greenfield project for manufacturing and marketing of laminate and wood based products. During FY 2021-22, Company acquired 74.91% equity share capital of HG Industries Limited (formerly Himalaya Granites Limited) (HGIL) and consequently HGIL became a subsidiary of the Company. The Company has established a branch office in Kathmandu, Nepal with a view to strengthen its presence in Nepal.

No Data Found

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 538979
NSE Code : GREENLAM
Book Closure Date (Month) :
BSE Group : A
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 May 30, 2024 03:44 PM the closing price of Greenlam Industries Ltd was Rs.595.25.

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 May 30, 2024 03:44 PM, the market cap of Greenlam Industries Ltd stood at Rs. 7,593.84.

The latest PE ratio of Greenlam Industries Ltd as of May 30, 2024 03:44 PM is 54.84

The latest PB ratio of Greenlam Industries Ltd as of May 30, 2024 03:44 PM is 0.14

The 52-week high of Greenlam Industries Ltd share price is Rs. 662.00 while the 52-week low is Rs. 357.00

Download App

Download Our App

Play Store App Store
market app