Greenlam Industries Ltd.
•₹ 253-1.25%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Laminate & Allied products: 79.9% • Plywood & Allied Products: 13.1% • Chipboard & Allied Products: 7.0%
PROS
- Latest quarter profit grew 235.2% YoY, showing strong momentum
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 20.5% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.65x)
- Stock looks reasonably valued - P/E of 70.0 is below its historical median
- Company generates healthy free cash flow
CONS
- Receivables are growing faster than sales - a possible quality concern
- Company has a low return on capital employed of 9.7%
- Company has a low return on equity of 8.2% over last 3 years
- Interest coverage is weak at 1.9x - earnings barely cover interest
- Company has delivered a poor profit growth of -5.3% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | GREENLAM | 255.05 | 70.03 | 6507.54 | 0.16 | 21.24 | 235.20 | 796.70 | 18.24 | 8.38 | 10.02 |
| 2. | STYLAMIND | 3657.45 | 36.51 | 6198.67 | 0.00 | 48.16 | 70.35 | 326.47 | 15.37 | 27.05 | 21.09 |
| 3. | EUROPRATIK | 267.60 | 31.73 | 2734.87 | 0.07 | 20.05 | 115.65 | 103.33 | 60.13 | 53.39 | 25.79 |
| 4. | RUSHIL | 17.25 | 22.21 | 506.14 | 0.29 | 1.98 | 114.09 | 229.00 | 27.82 | 10.20 | 7.95 |
| 5. | WIPL | 168.98 | 0.00 | 143.42 | 0.59 | -0.30 | -188.24 | 26.49 | -8.69 | 8.51 | -0.23 |
| 6. | AIROLAM | 88.50 | 24.08 | 132.77 | 0.00 | 0.25 | -91.05 | 57.93 | 3.14 | 7.36 | 5.66 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 515 | 604 | 563 | 624 | 605 | 681 | 602 | 682 | 674 | 808 | 706 | 858 | 797 | |
| 451 | 528 | 492 | 541 | 541 | 599 | 538 | 618 | 630 | 704 | 638 | 749 | 772 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 4 | 6 | 3 | 9 | 3 | 8 | 1 | 0 | 2 | 1 | 3 | 2 | 6 |
| Interest | 7 | 9 | 14 | 13 | 14 | 16 | 16 | 20 | 26 | 24 | 23 | 23 | 19 |
| Depreciation | 17 | 19 | 24 | 26 | 26 | 27 | 27 | 33 | 35 | 36 | 36 | 35 | 35 |
| 44 | 53 | 35 | 53 | 27 | 47 | 21 | 11 | -14 | 46 | 6 | 52 | 31 | |
| Tax % | 24.43% | 26.03% | 28.72% | 23.24% | 26.47% | 27.10% | 41.21% | 86.34% | -8.49% | 31.11% | 110.57% | 22.11% | 31.33% |
| Net Profit | 0 | 0 | 0 | 0 | 20 | 34 | 13 | 1 | -16 | 32 | -1 | 41 | 21 |
| 3 | 3 | 2 | 2 | 1 | 1 | 0 | 0 | -1 | 1 | -0 | 2 | 0 | |
| Equity Capital | 13 | 13 | 13 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 13 | 13 | 13 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 515
- 451
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 7
- Depreciation
- 17
- 44
- Tax %
- 24.43%
- Net Profit
- 0
- 3
- Equity Capital
- 13
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 13
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 604
- 528
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 9
- Depreciation
- 19
- 53
- Tax %
- 26.03%
- Net Profit
- 0
- 3
- Equity Capital
- 13
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 13
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 563
- 492
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 14
- Depreciation
- 24
- 35
- Tax %
- 28.72%
- Net Profit
- 0
- 2
- Equity Capital
- 13
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 13
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 624
- 541
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 13
- Depreciation
- 26
- 53
- Tax %
- 23.24%
- Net Profit
- 0
- 2
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 605
- 541
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 14
- Depreciation
- 26
- 27
- Tax %
- 26.47%
- Net Profit
- 20
- 1
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 681
- 599
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 16
- Depreciation
- 27
- 47
- Tax %
- 27.10%
- Net Profit
- 34
- 1
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 602
- 538
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 16
- Depreciation
- 27
- 21
- Tax %
- 41.21%
- Net Profit
- 13
- 0
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 682
- 618
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 20
- Depreciation
- 33
- 11
- Tax %
- 86.34%
- Net Profit
- 1
- 0
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 674
- 630
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 26
- Depreciation
- 35
- -14
- Tax %
- -8.49%
- Net Profit
- -16
- -1
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 808
- 704
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 24
- Depreciation
- 36
- 46
- Tax %
- 31.11%
- Net Profit
- 32
- 1
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 706
- 638
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 23
- Depreciation
- 36
- 6
- Tax %
- 110.57%
- Net Profit
- -1
- -0
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 858
- 749
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 23
- Depreciation
- 35
- 52
- Tax %
- 22.11%
- Net Profit
- 41
- 2
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 797
- 772
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 19
- Depreciation
- 35
- 31
- Tax %
- 31.33%
- Net Profit
- 21
- 0
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,076 | 1,145 | 1,281 | 1,321 | 1,200 | 1,703 | 2,026 | 2,306 | 2,569 | 3,046 | 3,169 | |
| 937 | 996 | 1,122 | 1,142 | 1,026 | 1,516 | 1,793 | 2,012 | 2,295 | 2,721 | 2,863 | |
| Operating Profit | 141 | 151 | 160 | 183 | 181 | 194 | 251 | 316 | 286 | 333 | — |
| OPM % | 13 | 13 | 12 | 14 | 15 | 11 | 12 | 14 | 11 | 11 | — |
| Other Income | 3 | 2 | 2 | 4 | 8 | 7 | 18 | 22 | 11 | 8 | 12 |
| Interest | 29 | 18 | 17 | 22 | 17 | 14 | 23 | 44 | 65 | 96 | 90 |
| Depreciation | 37 | 36 | 37 | 52 | 56 | 58 | 63 | 87 | 114 | 142 | 142 |
| 76 | 97 | 106 | 108 | 96 | 119 | 164 | 185 | 106 | 89 | 135 | |
| Tax % | 34 | 33 | 27 | 20 | 23 | 24 | 22 | 25 | 36 | 37 | 31 |
| Net Profit | 50 | 65 | 77 | 87 | 74 | 91 | 129 | 138 | 68 | 56 | 93 |
| EPS | 0 | 0 | 0 | 0 | 6 | 8 | 10 | 11 | 3 | 2 | — |
| Dividend Payout % | 7 | 9 | 9 | 11 | 16 | 16 | 15 | 15 | 15 | 18 | — |
| Minority Interest | -0 | -0 | 0 | -0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 2 | 3 | 3 | 4 | 3 | 4 | 5 | 5 | 3 | 2 | — |
| Minority Interest | -0 | -0 | 0 | -0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 2 | 3 | 3 | 4 | 3 | 4 | 5 | 5 | 3 | 2 | — |
Mar 2017
- 1,076
- 937
- Operating Profit
- 141
- OPM %
- 13
- Other Income
- 3
- Interest
- 29
- Depreciation
- 37
- 76
- Tax %
- 34
- Net Profit
- 50
- EPS
- 0
- Dividend Payout %
- 7
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2018
- 1,145
- 996
- Operating Profit
- 151
- OPM %
- 13
- Other Income
- 2
- Interest
- 18
- Depreciation
- 36
- 97
- Tax %
- 33
- Net Profit
- 65
- EPS
- 0
- Dividend Payout %
- 9
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2019
- 1,281
- 1,122
- Operating Profit
- 160
- OPM %
- 12
- Other Income
- 2
- Interest
- 17
- Depreciation
- 37
- 106
- Tax %
- 27
- Net Profit
- 77
- EPS
- 0
- Dividend Payout %
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2020
- 1,321
- 1,142
- Operating Profit
- 183
- OPM %
- 14
- Other Income
- 4
- Interest
- 22
- Depreciation
- 52
- 108
- Tax %
- 20
- Net Profit
- 87
- EPS
- 0
- Dividend Payout %
- 11
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2021
- 1,200
- 1,026
- Operating Profit
- 181
- OPM %
- 15
- Other Income
- 8
- Interest
- 17
- Depreciation
- 56
- 96
- Tax %
- 23
- Net Profit
- 74
- EPS
- 6
- Dividend Payout %
- 16
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2022
- 1,703
- 1,516
- Operating Profit
- 194
- OPM %
- 11
- Other Income
- 7
- Interest
- 14
- Depreciation
- 58
- 119
- Tax %
- 24
- Net Profit
- 91
- EPS
- 8
- Dividend Payout %
- 16
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2023
- 2,026
- 1,793
- Operating Profit
- 251
- OPM %
- 12
- Other Income
- 18
- Interest
- 23
- Depreciation
- 63
- 164
- Tax %
- 22
- Net Profit
- 129
- EPS
- 10
- Dividend Payout %
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2024
- 2,306
- 2,012
- Operating Profit
- 316
- OPM %
- 14
- Other Income
- 22
- Interest
- 44
- Depreciation
- 87
- 185
- Tax %
- 25
- Net Profit
- 138
- EPS
- 11
- Dividend Payout %
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2025
- 2,569
- 2,295
- Operating Profit
- 286
- OPM %
- 11
- Other Income
- 11
- Interest
- 65
- Depreciation
- 114
- 106
- Tax %
- 36
- Net Profit
- 68
- EPS
- 3
- Dividend Payout %
- 15
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2026
- 3,046
- 2,721
- Operating Profit
- 333
- OPM %
- 11
- Other Income
- 8
- Interest
- 96
- Depreciation
- 142
- 89
- Tax %
- 37
- Net Profit
- 56
- EPS
- 2
- Dividend Payout %
- 18
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
TTM
- 3,169
- 2,863
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 90
- Depreciation
- 142
- 135
- Tax %
- 31
- Net Profit
- 93
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 11%
- 5 Years:
- 20%
- 3 Years:
- 15%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 4%
- 5 Years:
- -5%
- 3 Years:
- -24%
STOCK PRICE CAGR
- 10 Years:
- 14%
- 5 Years:
- 14%
- 3 Years:
- 3%
- 1 Year:
- 15%
RETURN ON EQUITY
- 10 Years:
- 15%
- 5 Years:
- 11%
- 3 Years:
- 8%
- Last Year:
- 5%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 13 | 13 | 26 | 26 |
| 286 | 344 | 416 | 489 | 561 | 642 | 945 | 1,064 | 1,101 | 1,154 | |
| 202 | 171 | 197 | 208 | 165 | 187 | 217 | 279 | 254 | 192 | |
| Trade Payables | 129 | 158 | 161 | 168 | 223 | 256 | 275 | 348 | 414 | 507 |
| 162 | 139 | 141 | 227 | 211 | 279 | 584 | 1,022 | 1,104 | 1,102 | |
| Total Liabilities | 791 | 823 | 927 | 1,104 | 1,172 | 1,376 | 2,035 | 2,726 | 2,899 | 2,980 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 324 | 331 | 330 | 429 | 413 | 468 | 506 | 984 | 1,748 | 1,707 | |
| Capital Work in Progress | 5 | 1 | 19 | 15 | 17 | 8 | 380 | 611 | 28 | 9 |
| 0 | 0 | 0 | 0 | 106 | 161 | 242 | 147 | 56 | 52 | |
| 228 | 256 | 308 | 371 | 378 | 503 | 513 | 609 | 665 | 764 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 151 | 155 | 219 | |
| Cash & Bank | 8 | 10 | 11 | 31 | 19 | 16 | 16 | 33 | 43 | 64 |
| 226 | 225 | 260 | 258 | 238 | 221 | 378 | 190 | 205 | 165 | |
| Total Assets | 791 | 823 | 927 | 1,104 | 1,172 | 1,376 | 2,035 | 2,726 | 2,899 | 2,980 |
| Total Debt | 298 | 252 | 270 | 294 | 248 | 345 | 570 | 999 | 1,075 | 1,047 |
| Net Working Capital | 81 | 121 | 162 | 175 | 238 | 350 | 348 | 188 | 161 | 221 |
| Contingent Liabilities | 65 | 47 | 24 | 45 | 68 | 48 | 35 | 36 | 32 | 117 |
| Book Value per Share | 123.52 | 147.55 | 177.50 | 207.43 | 237.60 | 54.22 | 75.45 | 84.42 | 44.17 | 46.23 |
| Face Value | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 298 | 252 | 270 | 294 | 248 | 345 | 570 | 999 | 1,075 | 1,047 |
| Net Working Capital | 81 | 121 | 162 | 175 | 238 | 350 | 348 | 188 | 161 | 221 |
| Contingent Liabilities | 65 | 47 | 24 | 45 | 68 | 48 | 35 | 36 | 32 | 117 |
| Book Value per Share | 123.52 | 147.55 | 177.50 | 207.43 | 237.60 | 54.22 | 75.45 | 84.42 | 44.17 | 46.23 |
| Face Value | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2017
- Equity Capital
- 12
- 286
- 202
- Trade Payables
- 129
- 162
- Total Liabilities
- 791
- 324
- Capital Work in Progress
- 5
- 0
- 228
- 0
- Cash & Bank
- 8
- 226
- Total Assets
- 791
- Total Debt
- 298
- Net Working Capital
- 81
- Contingent Liabilities
- 65
- Book Value per Share
- 123.52
- Face Value
- 5.00
- Total Debt
- 298
- Net Working Capital
- 81
- Contingent Liabilities
- 65
- Book Value per Share
- 123.52
- Face Value
- 5.00
Mar 2018
- Equity Capital
- 12
- 344
- 171
- Trade Payables
- 158
- 139
- Total Liabilities
- 823
- 331
- Capital Work in Progress
- 1
- 0
- 256
- 0
- Cash & Bank
- 10
- 225
- Total Assets
- 823
- Total Debt
- 252
- Net Working Capital
- 121
- Contingent Liabilities
- 47
- Book Value per Share
- 147.55
- Face Value
- 5.00
- Total Debt
- 252
- Net Working Capital
- 121
- Contingent Liabilities
- 47
- Book Value per Share
- 147.55
- Face Value
- 5.00
Mar 2019
- Equity Capital
- 12
- 416
- 197
- Trade Payables
- 161
- 141
- Total Liabilities
- 927
- 330
- Capital Work in Progress
- 19
- 0
- 308
- 0
- Cash & Bank
- 11
- 260
- Total Assets
- 927
- Total Debt
- 270
- Net Working Capital
- 162
- Contingent Liabilities
- 24
- Book Value per Share
- 177.50
- Face Value
- 5.00
- Total Debt
- 270
- Net Working Capital
- 162
- Contingent Liabilities
- 24
- Book Value per Share
- 177.50
- Face Value
- 5.00
Mar 2020
- Equity Capital
- 12
- 489
- 208
- Trade Payables
- 168
- 227
- Total Liabilities
- 1,104
- 429
- Capital Work in Progress
- 15
- 0
- 371
- 0
- Cash & Bank
- 31
- 258
- Total Assets
- 1,104
- Total Debt
- 294
- Net Working Capital
- 175
- Contingent Liabilities
- 45
- Book Value per Share
- 207.43
- Face Value
- 5.00
- Total Debt
- 294
- Net Working Capital
- 175
- Contingent Liabilities
- 45
- Book Value per Share
- 207.43
- Face Value
- 5.00
Mar 2021
- Equity Capital
- 12
- 561
- 165
- Trade Payables
- 223
- 211
- Total Liabilities
- 1,172
- 413
- Capital Work in Progress
- 17
- 106
- 378
- 0
- Cash & Bank
- 19
- 238
- Total Assets
- 1,172
- Total Debt
- 248
- Net Working Capital
- 238
- Contingent Liabilities
- 68
- Book Value per Share
- 237.60
- Face Value
- 5.00
- Total Debt
- 248
- Net Working Capital
- 238
- Contingent Liabilities
- 68
- Book Value per Share
- 237.60
- Face Value
- 5.00
Mar 2022
- Equity Capital
- 12
- 642
- 187
- Trade Payables
- 256
- 279
- Total Liabilities
- 1,376
- 468
- Capital Work in Progress
- 8
- 161
- 503
- 0
- Cash & Bank
- 16
- 221
- Total Assets
- 1,376
- Total Debt
- 345
- Net Working Capital
- 350
- Contingent Liabilities
- 48
- Book Value per Share
- 54.22
- Face Value
- 1.00
- Total Debt
- 345
- Net Working Capital
- 350
- Contingent Liabilities
- 48
- Book Value per Share
- 54.22
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 13
- 945
- 217
- Trade Payables
- 275
- 584
- Total Liabilities
- 2,035
- 506
- Capital Work in Progress
- 380
- 242
- 513
- 0
- Cash & Bank
- 16
- 378
- Total Assets
- 2,035
- Total Debt
- 570
- Net Working Capital
- 348
- Contingent Liabilities
- 35
- Book Value per Share
- 75.45
- Face Value
- 1.00
- Total Debt
- 570
- Net Working Capital
- 348
- Contingent Liabilities
- 35
- Book Value per Share
- 75.45
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 13
- 1,064
- 279
- Trade Payables
- 348
- 1,022
- Total Liabilities
- 2,726
- 984
- Capital Work in Progress
- 611
- 147
- 609
- 151
- Cash & Bank
- 33
- 190
- Total Assets
- 2,726
- Total Debt
- 999
- Net Working Capital
- 188
- Contingent Liabilities
- 36
- Book Value per Share
- 84.42
- Face Value
- 1.00
- Total Debt
- 999
- Net Working Capital
- 188
- Contingent Liabilities
- 36
- Book Value per Share
- 84.42
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 26
- 1,101
- 254
- Trade Payables
- 414
- 1,104
- Total Liabilities
- 2,899
- 1,748
- Capital Work in Progress
- 28
- 56
- 665
- 155
- Cash & Bank
- 43
- 205
- Total Assets
- 2,899
- Total Debt
- 1,075
- Net Working Capital
- 161
- Contingent Liabilities
- 32
- Book Value per Share
- 44.17
- Face Value
- 1.00
- Total Debt
- 1,075
- Net Working Capital
- 161
- Contingent Liabilities
- 32
- Book Value per Share
- 44.17
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 26
- 1,154
- 192
- Trade Payables
- 507
- 1,102
- Total Liabilities
- 2,980
- 1,707
- Capital Work in Progress
- 9
- 52
- 764
- 219
- Cash & Bank
- 64
- 165
- Total Assets
- 2,980
- Total Debt
- 1,047
- Net Working Capital
- 221
- Contingent Liabilities
- 117
- Book Value per Share
- 46.23
- Face Value
- 1.00
- Total Debt
- 1,047
- Net Working Capital
- 221
- Contingent Liabilities
- 117
- Book Value per Share
- 46.23
- Face Value
- 1.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 185 | 109 | 64 | 96 | 213 | 71 | 169 | 194 | 210 | 292 | |
| Cash from Investing | -22 | -38 | -57 | -54 | -154 | -136 | -535 | -527 | -167 | -80 |
| Cash from Financing | -160 | -69 | -6 | -22 | -71 | 62 | 366 | 350 | -34 | -191 |
| 3 | 2 | 1 | 20 | -12 | -3 | 0 | 17 | 10 | 21 | |
| Free Cash Flow | 180 | 73 | 10 | -47 | 179 | -29 | -303 | -588 | -79 | 219 |
| OCF / Net Profit | 3.73 | 1.68 | 0.83 | 1.11 | 2.89 | 0.79 | 1.32 | 1.40 | 3.08 | 5.22 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 396 | 186 | -190 | -788 | -820 | -780 |
| OCF / Net Profit | 3.73 | 1.68 | 0.83 | 1.11 | 2.89 | 0.79 | 1.32 | 1.40 | 3.08 | 5.22 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 396 | 186 | -190 | -788 | -820 | -780 |
Mar 2017
- 185
- Cash from Investing
- -22
- Cash from Financing
- -160
- 3
- Free Cash Flow
- 180
- OCF / Net Profit
- 3.73
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.73
- Cumulative 5-Year FCF
- 0
Mar 2018
- 109
- Cash from Investing
- -38
- Cash from Financing
- -69
- 2
- Free Cash Flow
- 73
- OCF / Net Profit
- 1.68
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.68
- Cumulative 5-Year FCF
- 0
Mar 2019
- 64
- Cash from Investing
- -57
- Cash from Financing
- -6
- 1
- Free Cash Flow
- 10
- OCF / Net Profit
- 0.83
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.83
- Cumulative 5-Year FCF
- 0
Mar 2020
- 96
- Cash from Investing
- -54
- Cash from Financing
- -22
- 20
- Free Cash Flow
- -47
- OCF / Net Profit
- 1.11
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.11
- Cumulative 5-Year FCF
- 0
Mar 2021
- 213
- Cash from Investing
- -154
- Cash from Financing
- -71
- -12
- Free Cash Flow
- 179
- OCF / Net Profit
- 2.89
- Cumulative 5-Year FCF
- 396
- OCF / Net Profit
- 2.89
- Cumulative 5-Year FCF
- 396
Mar 2022
- 71
- Cash from Investing
- -136
- Cash from Financing
- 62
- -3
- Free Cash Flow
- -29
- OCF / Net Profit
- 0.79
- Cumulative 5-Year FCF
- 186
- OCF / Net Profit
- 0.79
- Cumulative 5-Year FCF
- 186
Mar 2023
- 169
- Cash from Investing
- -535
- Cash from Financing
- 366
- 0
- Free Cash Flow
- -303
- OCF / Net Profit
- 1.32
- Cumulative 5-Year FCF
- -190
- OCF / Net Profit
- 1.32
- Cumulative 5-Year FCF
- -190
Mar 2024
- 194
- Cash from Investing
- -527
- Cash from Financing
- 350
- 17
- Free Cash Flow
- -588
- OCF / Net Profit
- 1.40
- Cumulative 5-Year FCF
- -788
- OCF / Net Profit
- 1.40
- Cumulative 5-Year FCF
- -788
Mar 2025
- 210
- Cash from Investing
- -167
- Cash from Financing
- -34
- 10
- Free Cash Flow
- -79
- OCF / Net Profit
- 3.08
- Cumulative 5-Year FCF
- -820
- OCF / Net Profit
- 3.08
- Cumulative 5-Year FCF
- -820
Mar 2026
- 292
- Cash from Investing
- -80
- Cash from Financing
- -191
- 21
- Free Cash Flow
- 219
- OCF / Net Profit
- 5.22
- Cumulative 5-Year FCF
- -780
- OCF / Net Profit
- 5.22
- Cumulative 5-Year FCF
- -780
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 20.57 | 26.77 | 31.95 | 35.91 | 30.56 | 7.52 | 10.13 | 10.85 | 2.73 | 2.21 |
| Book Value (₹) | 123.52 | 147.55 | 177.50 | 207.43 | 237.60 | 54.22 | 75.45 | 84.42 | 44.17 | 46.23 |
| Dividend per Share (₹) | 1.50 | 2.50 | 3.00 | 4.00 | 5.00 | 1.20 | 1.50 | 1.65 | 0.40 | 0.40 |
| Cash EPS (₹) | 3.58 | 4.17 | 4.72 | 5.77 | 5.35 | 6.18 | 7.55 | 8.82 | 7.14 | 7.74 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 12.62% | 13.02% | 12.50% | 13.83% | 15.08% | 11.41% | 12.27% | 12.68% | 10.60% | 10.58% |
| Net Margin % | 4.45% | 5.59% | 6.02% | 6.56% | 6.14% | 5.32% | 6.29% | 5.94% | 2.64% | 1.82% |
| ROE % | 18.29% | 19.75% | 19.66% | 18.66% | 13.72% | 14.75% | 15.94% | 13.56% | 6.20% | 4.86% |
| ROCE % | 17.27% | 19.03% | 18.87% | 17.44% | 13.96% | 14.63% | 14.84% | 12.72% | 8.04% | 8.38% |
| 5.98% | 8.01% | 8.81% | 8.53% | 6.48% | 7.11% | 7.53% | 5.80% | 2.43% | 1.91% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 56 | 52 | 49 | 43 | 42 | 28 | 24 | 23 | 22 | 22 |
| Inventory Days | 78 | 76 | 80 | 94 | 114 | 94 | 91 | 88 | 90 | 85 |
| Payable Days | 102 | 87 | 85 | 90 | 118 | 92 | 90 | 105 | 113 | 119 |
| 31 | 41 | 45 | 48 | 37 | 30 | 25 | 7 | -2 | -12 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 1.00x | 0.71x | 0.63x | 0.59x | 0.43x | 0.53x | 0.59x | 0.93x | 0.95x | 0.89x |
| Interest Coverage (x) | 3.65x | 6.35x | 7.26x | 5.96x | 6.67x | 9.46x | 7.99x | 5.18x | 2.62x | 1.93x |
| 1.23x | 1.35x | 1.42x | 1.41x | 1.54x | 1.69x | 1.53x | 1.21x | 1.17x | 1.22x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 4.47% | 6.41% | 11.88% | 3.11% | -9.16% | 42.00% | 18.94% | 13.84% | 11.40% | 18.55% |
| Operating Profit Growth % | 6.07% | 6.88% | 6.33% | 14.13% | -0.99% | 7.44% | 29.10% | 26.11% | -9.71% | 16.66% |
| Net Profit Growth % | 31.72% | 30.09% | 19.34% | 12.40% | -14.99% | 22.93% | 41.87% | 7.39% | -50.47% | -18.04% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 7.02% | -74.81% | -19.27% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 23.10x | 86.53x | 92.80x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 5.93x | 5.35x | 4.43x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.33% | 0.17% | 0.20% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 23.26x | 24.73x | 18.62x |
Mar 2017
- EPS (₹)
- 20.57
- Book Value (₹)
- 123.52
- Dividend per Share (₹)
- 1.50
- Cash EPS (₹)
- 3.58
- Operating Margin %
- 12.62%
- Net Margin %
- 4.45%
- ROE %
- 18.29%
- ROCE %
- 17.27%
- 5.98%
- Debtor Days
- 56
- Inventory Days
- 78
- Payable Days
- 102
- 31
- Debt to Equity (x)
- 1.00x
- Interest Coverage (x)
- 3.65x
- 1.23x
- Revenue Growth %
- 4.47%
- Operating Profit Growth %
- 6.07%
- Net Profit Growth %
- 31.72%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 26.77
- Book Value (₹)
- 147.55
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 4.17
- Operating Margin %
- 13.02%
- Net Margin %
- 5.59%
- ROE %
- 19.75%
- ROCE %
- 19.03%
- 8.01%
- Debtor Days
- 52
- Inventory Days
- 76
- Payable Days
- 87
- 41
- Debt to Equity (x)
- 0.71x
- Interest Coverage (x)
- 6.35x
- 1.35x
- Revenue Growth %
- 6.41%
- Operating Profit Growth %
- 6.88%
- Net Profit Growth %
- 30.09%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 31.95
- Book Value (₹)
- 177.50
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 4.72
- Operating Margin %
- 12.50%
- Net Margin %
- 6.02%
- ROE %
- 19.66%
- ROCE %
- 18.87%
- 8.81%
- Debtor Days
- 49
- Inventory Days
- 80
- Payable Days
- 85
- 45
- Debt to Equity (x)
- 0.63x
- Interest Coverage (x)
- 7.26x
- 1.42x
- Revenue Growth %
- 11.88%
- Operating Profit Growth %
- 6.33%
- Net Profit Growth %
- 19.34%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 35.91
- Book Value (₹)
- 207.43
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 5.77
- Operating Margin %
- 13.83%
- Net Margin %
- 6.56%
- ROE %
- 18.66%
- ROCE %
- 17.44%
- 8.53%
- Debtor Days
- 43
- Inventory Days
- 94
- Payable Days
- 90
- 48
- Debt to Equity (x)
- 0.59x
- Interest Coverage (x)
- 5.96x
- 1.41x
- Revenue Growth %
- 3.11%
- Operating Profit Growth %
- 14.13%
- Net Profit Growth %
- 12.40%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 30.56
- Book Value (₹)
- 237.60
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 5.35
- Operating Margin %
- 15.08%
- Net Margin %
- 6.14%
- ROE %
- 13.72%
- ROCE %
- 13.96%
- 6.48%
- Debtor Days
- 42
- Inventory Days
- 114
- Payable Days
- 118
- 37
- Debt to Equity (x)
- 0.43x
- Interest Coverage (x)
- 6.67x
- 1.54x
- Revenue Growth %
- -9.16%
- Operating Profit Growth %
- -0.99%
- Net Profit Growth %
- -14.99%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 7.52
- Book Value (₹)
- 54.22
- Dividend per Share (₹)
- 1.20
- Cash EPS (₹)
- 6.18
- Operating Margin %
- 11.41%
- Net Margin %
- 5.32%
- ROE %
- 14.75%
- ROCE %
- 14.63%
- 7.11%
- Debtor Days
- 28
- Inventory Days
- 94
- Payable Days
- 92
- 30
- Debt to Equity (x)
- 0.53x
- Interest Coverage (x)
- 9.46x
- 1.69x
- Revenue Growth %
- 42.00%
- Operating Profit Growth %
- 7.44%
- Net Profit Growth %
- 22.93%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 10.13
- Book Value (₹)
- 75.45
- Dividend per Share (₹)
- 1.50
- Cash EPS (₹)
- 7.55
- Operating Margin %
- 12.27%
- Net Margin %
- 6.29%
- ROE %
- 15.94%
- ROCE %
- 14.84%
- 7.53%
- Debtor Days
- 24
- Inventory Days
- 91
- Payable Days
- 90
- 25
- Debt to Equity (x)
- 0.59x
- Interest Coverage (x)
- 7.99x
- 1.53x
- Revenue Growth %
- 18.94%
- Operating Profit Growth %
- 29.10%
- Net Profit Growth %
- 41.87%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 10.85
- Book Value (₹)
- 84.42
- Dividend per Share (₹)
- 1.65
- Cash EPS (₹)
- 8.82
- Operating Margin %
- 12.68%
- Net Margin %
- 5.94%
- ROE %
- 13.56%
- ROCE %
- 12.72%
- 5.80%
- Debtor Days
- 23
- Inventory Days
- 88
- Payable Days
- 105
- 7
- Debt to Equity (x)
- 0.93x
- Interest Coverage (x)
- 5.18x
- 1.21x
- Revenue Growth %
- 13.84%
- Operating Profit Growth %
- 26.11%
- Net Profit Growth %
- 7.39%
- 7.02%
- P/E (x)
- 23.10x
- P/B (x)
- 5.93x
- Dividend Yield %
- 0.33%
- 23.26x
Mar 2025
- EPS (₹)
- 2.73
- Book Value (₹)
- 44.17
- Dividend per Share (₹)
- 0.40
- Cash EPS (₹)
- 7.14
- Operating Margin %
- 10.60%
- Net Margin %
- 2.64%
- ROE %
- 6.20%
- ROCE %
- 8.04%
- 2.43%
- Debtor Days
- 22
- Inventory Days
- 90
- Payable Days
- 113
- -2
- Debt to Equity (x)
- 0.95x
- Interest Coverage (x)
- 2.62x
- 1.17x
- Revenue Growth %
- 11.40%
- Operating Profit Growth %
- -9.71%
- Net Profit Growth %
- -50.47%
- -74.81%
- P/E (x)
- 86.53x
- P/B (x)
- 5.35x
- Dividend Yield %
- 0.17%
- 24.73x
Mar 2026
- EPS (₹)
- 2.21
- Book Value (₹)
- 46.23
- Dividend per Share (₹)
- 0.40
- Cash EPS (₹)
- 7.74
- Operating Margin %
- 10.58%
- Net Margin %
- 1.82%
- ROE %
- 4.86%
- ROCE %
- 8.38%
- 1.91%
- Debtor Days
- 22
- Inventory Days
- 85
- Payable Days
- 119
- -12
- Debt to Equity (x)
- 0.89x
- Interest Coverage (x)
- 1.93x
- 1.22x
- Revenue Growth %
- 18.55%
- Operating Profit Growth %
- 16.66%
- Net Profit Growth %
- -18.04%
- -19.27%
- P/E (x)
- 92.80x
- P/B (x)
- 4.43x
- Dividend Yield %
- 0.20%
- 18.62x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-17 - Greenlam Industries Limited has informed the Exchange about Transcript
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-13 - Greenlam Industries Limited has informed the Exchange about Outcome of Investor Meet
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
Jun 2026
May 2026