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Last Updated on: 22 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 538979 | NSE: GREENLAM

Greenlam Industries Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:30 am

Market Cap 7,020 Cr.
Current Price 550
High / Low 662/431
Stock P/E58.3
Book Value 87.2
Dividend Yield0.30 %
ROCE12.1 %
ROE13.5 %
Face Value 1.00
PEG Ratio6.18

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Ecoboard Industries Ltd 48.0 Cr. 27.0 46.6/18.5 5.230.00 %10.8 %28.6 % 10.0
Duroply Industries Ltd 237 Cr. 240 370/15781.6 1320.00 %5.92 %0.94 % 10.0
Archidply Decor Ltd 55.1 Cr. 99.0 147/76.4184 91.30.00 %4.13 %0.06 % 10.0
Ambition Mica Ltd 4.42 Cr. 2.96 4.20/2.57 8.380.00 %7.00 %% 10.0
Rushil Decor Ltd 914 Cr. 33.2 45.5/28.520.6 21.60.30 %11.6 %9.51 % 1.00
Industry Average4,261.13 Cr240.7465.3065.660.12%10.63%10.71%5.91

All Competitor Stocks of

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales335415336454450463471518504534515604563
Expenses277348298408396414420464449460451528492
Operating Profit58673846535050545574647671
OPM %17%16%11%10%12%11%11%10%11%14%12%13%13%
Other Income2-92-0212564463
Interest43334356667914
Depreciation14141414151515151617171924
Profit before tax42402228363333383855445335
Tax %24%23%23%25%25%22%25%23%26%16%26%26%29%
Net Profit32311721272625292946323925
EPS in Rs2.652.561.441.722.232.122.052.302.263.632.593.071.98

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales09261,0301,0761,1451,2811,3211,2001,7032,0262,216
Expenses08339009379961,1221,1421,0261,5161,7931,931
Operating Profit-093130139149159179174188233285
OPM %10%13%13%13%12%14%14%11%12%13%
Other Income0232214-541817
Interest033352918172217142337
Depreciation033353736375256586378
Profit before tax-02862769710610896119164187
Tax %0%32%40%34%33%27%20%23%24%22%
Net Profit-01938506577877491128143
EPS in Rs-0.201.603.124.115.356.397.186.117.5210.1111.27
Dividend Payout %0%6%6%7%9%9%11%16%16%15%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)100.00%31.58%30.00%18.46%12.99%-14.94%22.97%40.66%
Change in YoY Net Profit Growth (%)0.00%-68.42%-1.58%-11.54%-5.47%-27.93%37.92%17.69%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2015-2016 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:%
5 Years:12%
3 Years:24%
TTM:15%
Compounded Profit Growth
10 Years:159%
5 Years:12%
3 Years:18%
TTM:-18%
Stock Price CAGR
10 Years:%
5 Years:24%
3 Years:17%
1 Year:1%
Return on Equity
10 Years:16%
5 Years:15%
3 Years:15%
Last Year:13%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 11:38 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital0.051212121212121212131313
Reserves-02082332863444164895616429451,0641,100
Borrowings03933652982522702943073986281,1091,235
Other Liabilities0230260194216229309291324449539623
Total Liabilities08428717918239271,1041,1721,3762,0352,7262,971
Fixed Assets0328353324331330429413468506986999
CWIP094512217189380611719
Investments0000000106161242147107
Other Assets05055144624925756586347399079811,145
Total Assets08428717918239271,1041,1721,3762,0352,7262,971

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +0118116185109649621371169194
Cash from Investing Activity +0-100-53-22-38-57-54-154-136-535-527
Cash from Financing Activity +0-12-63-160-69-6-22-7162366350
Net Cash Flow05-032120-12-3017

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow0.00-300.00-235.00-159.00-103.00-111.00-115.00-133.00-210.00-395.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days72655454503841282624
Inventory Days160168147156163202229195174204
Days Payable129128839686911359993117
Cash Conversion Cycle103105117115128149135123106112
Working Capital Days94667977888888805861
ROCE %20%16%17%19%19%18%15%14%14%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters53.90%53.90%53.90%53.90%51.22%51.22%51.22%51.22%51.22%50.98%50.98%50.98%
FIIs1.55%1.59%1.63%0.00%1.46%1.44%1.44%1.45%1.37%1.28%1.36%1.77%
DIIs14.86%14.22%14.19%15.72%13.37%13.10%15.70%15.60%15.58%15.54%15.56%15.60%
Public29.70%30.29%30.28%30.39%33.95%34.25%31.64%31.71%31.81%32.20%32.10%31.65%
No. of Shareholders6,35110,95812,13513,20113,51213,31612,88914,06014,27818,02216,84814,771

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Mid-Cap Opportunities Fund - Regular Plan8,757,5040.79473.08839,6732024-12-21942.97%
DSP Small Cap Fund2,725,7521.07147.25839,6732024-12-21224.62%
Nippon India Small Cap Fund2,211,4380.26119.46839,6732024-12-21163.37%
HDFC Small Cap Fund - Regular Plan1,777,5210.3496.02839,6732024-12-21111.69%
Canara Robeco Small Cap Fund839,6730.4745.36839,6732024-12-210%
Motilal Oswal Nifty Microcap 250 Index Fund88,5920.564.79839,6732024-12-21-89.45%
Groww Nifty Total Market Index Fund3830.020.02839,6732024-12-21-99.95%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.005.005.00
Basic EPS (Rs.)10.8210.277.5230.5635.91
Diluted EPS (Rs.)10.8210.277.5230.5635.91
Cash EPS (Rs.)17.6415.0612.3553.5557.66
Book Value[Excl.RevalReserv]/Share (Rs.)84.4176.3054.28237.79207.48
Book Value[Incl.RevalReserv]/Share (Rs.)84.4176.3054.28237.79207.48
Revenue From Operations / Share (Rs.)180.79159.53141.15497.00547.13
PBDIT / Share (Rs.)24.8019.7516.1074.9375.68
PBIT / Share (Rs.)17.9714.7711.2551.9153.93
PBT / Share (Rs.)14.5012.929.8739.7644.88
Net Profit / Share (Rs.)10.8210.087.5130.5335.91
NP After MI And SOA / Share (Rs.)10.8510.117.5230.5635.91
PBDIT Margin (%)13.7112.3811.4015.0713.83
PBIT Margin (%)9.939.257.9710.449.85
PBT Margin (%)8.018.106.997.998.20
Net Profit Margin (%)5.986.315.316.146.56
NP After MI And SOA Margin (%)6.006.335.326.146.56
Return on Networth / Equity (%)12.8413.2513.8612.8617.31
Return on Capital Employeed (%)12.4513.4815.4517.0619.10
Return On Assets (%)5.056.256.556.267.77
Long Term Debt / Equity (X)0.600.360.240.140.16
Total Debt / Equity (X)0.920.580.520.380.51
Asset Turnover Ratio (%)0.961.221.251.011.25
Current Ratio (X)1.211.521.691.541.50
Quick Ratio (X)0.520.740.690.680.64
Inventory Turnover Ratio (X)1.992.162.241.682.14
Dividend Payout Ratio (NP) (%)13.7611.2713.300.0019.49
Dividend Payout Ratio (CP) (%)8.447.558.080.0012.14
Earning Retention Ratio (%)86.2488.7386.700.0080.51
Cash Earning Retention Ratio (%)91.5692.4591.920.0087.86
Interest Coverage Ratio (X)7.1410.6813.8010.698.37
Interest Coverage Ratio (Post Tax) (X)4.126.457.626.094.97
Enterprise Value (Cr.)7357.014354.164709.132459.751383.56
EV / Net Operating Revenue (X)3.192.152.762.051.05
EV / EBITDA (X)23.2617.3624.2413.607.57
MarketCap / Net Operating Revenue (X)2.771.882.571.880.87
Retention Ratios (%)86.2388.7286.690.0080.50
Price / BV (X)5.933.926.693.932.31
Price / Net Operating Revenue (X)2.771.882.571.880.87
EarningsYield0.020.030.020.030.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 688.37

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 22, 2024, is Undervalued by 25.16% compared to the current share price 550.00

Intrinsic Value of as of December 22, 2024 is: 753.32

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Undervalued by 36.97% compared to the current share price 550.00

Last 5 Year EPS CAGR: 9.44%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (524.00 cr) compared to borrowings (462.42 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (85.18 cr) and profit (94.82 cr) over the years.
  1. The stock has a low average ROCE of 14.91%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 70.82, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 108.45, which may not be favorable.
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: 5.98%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 12.45% (Industry Average ROCE: 10.63%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 12.84% (Industry Average ROE: 10.71%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 4.12
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.52
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 58.3 (Industry average Stock P/E: 65.3)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.92
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Greenlam Industries Ltd. is a Public Limited Listed company incorporated on 12/08/2013 and has its registered office in the State of Assam, India. Company’s Corporate Identification Number(CIN) is L21016DL2013PLC386045 and registration number is 011624. Currently Company is involved in the business activities of Manufacture of other plywood products. Company’s Total Operating Revenue is Rs. 1559.19 Cr. and Equity Capital is Rs. 12.07 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Laminates2nd Floor, West Wing, Worldmark 1, Aerocity, New Delhi Delhi 110037investor.relations@greenlam.com
http://www.greenlamindustries.com
Management
NamePosition Held
Mr. Shiv Prakash MittalNon Executive Chairman
Mr. Saurabh MittalManaging Director & CEO
Ms. Parul MittalWhole Time Director
Mr. Jalaj Ashwin DaniNon Executive Director
Mr. Sandip DasIndependent Director
Ms. Matangi GowrishankarIndependent Director
Mr. Yogesh KapurIndependent Director
Mr. Rahul ChhabraIndependent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹688.37, which is 25.16% higher than the current market price of ₹550.00. The stock has a market capitalization of 7,020 Cr. and recorded a high/low of 662/431 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,100 Cr and total liabilities of ₹2,971 Cr.

What is the Market Cap of ?

The Market Cap of is 7,020 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 550.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 662/431.

What is the Stock P/E of ?

The Stock P/E of is 58.3.

What is the Book Value of ?

The Book Value of is 87.2.

What is the Dividend Yield of ?

The Dividend Yield of is 0.30 %.

What is the ROCE of ?

The ROCE of is 12.1 %.

What is the ROE of ?

The ROE of is 13.5 %.

What is the Face Value of ?

The Face Value of is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in . Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE