Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Greenlam Industries Ltd

About the Company - Greenlam Industries Ltd

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. Sandip DasIndependent Director
Ms. Matangi GowrishankarIndependent Director
Mr. Yogesh KapurIndependent Director
Mr. Rahul ChhabraIndependent Director

Greenlam Industries Ltd. Share Price Update

Share PriceValue
Today₹515.85
Previous Day₹519.00

Basic Stock Data of Greenlam Industries Ltd

Market Cap 6,834 Cr.
Current Price 536
High / Low626/282
Stock P/E48.0
Book Value 80.3
Dividend Yield0.28 %
ROCE13.8 %
ROE15.3 %
Face Value 1.00

Data Source: screener.in

Greenlam Industries Ltd Quarterly Results

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

Greenlam Industries Ltd Quarterly Chart

Greenlam Industries Ltd Profit & Loss

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales09261,0301,0761,1451,2811,3211,2001,7032,0262,156
Expenses08339009379961,1221,1421,0261,5161,7931,887
Operating Profit-093130139149159179174188233269
OPM %10%13%13%13%12%14%14%11%12%12%
Other Income0232214-541820
Interest033352918172217142329
Depreciation033353736375256586370
Profit before tax-02862769710610896119164190
Tax %0%32%40%34%33%27%20%23%24%22%
Net Profit-01938506577877491128146
EPS in Rs-0.201.603.124.115.356.397.186.117.5210.1111.72
Dividend Payout %0%6%6%7%9%9%11%16%16%15%

Greenlam Industries Ltd Profit & Loss Yearly Chart

Greenlam Industries Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:12%
3 Years:15%
TTM:13%
Compounded Profit Growth
10 Years:%
5 Years:14%
3 Years:13%
TTM:32%
Stock Price CAGR
10 Years:%
5 Years:29%
3 Years:42%
1 Year:68%
Return on Equity
10 Years:%
5 Years:16%
3 Years:15%
Last Year:15%

Greenlam Industries Ltd Balance Sheet

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital012121212121212121313
Reserves-02082332863444164895616429561,012
Borrowings0393365298252270294307398628949
Other Liabilities0230260194216229309291324450528
Total Liabilities08428717918239271,1041,1721,3762,0462,503
Fixed Assets0328353324331330429413468517884
CWIP094512217189380461
Investments0000000106161242181
Other Assets0505514462492575658634739907976
Total Assets08428717918239271,1041,1721,3762,0462,503

Greenlam Industries Ltd Reserves and Borrowings Chart

Greenlam Industries Ltd Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0118116185109649621371175
Cash from Investing Activity 0-100-53-22-38-57-54-154-136-541
Cash from Financing Activity 0-12-63-160-69-6-22-7162366
Net Cash Flow05-032120-12-30

Greenlam Industries Ltd Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days726554545038412826
Inventory Days160168147156163202229195174
Days Payable129128839686911359991
Cash Conversion Cycle103105117115128149135123108
Working Capital Days946679778888888058
ROCE %20%16%17%19%19%18%15%14%14%

Greenlam Industries Ltd Financial Efficiency Indicators Chart

Greenlam Industries Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters54.90%54.90%54.90%53.90%53.90%53.90%51.22%51.22%51.22%51.22%51.22%51.22%
FIIs0.82%1.28%1.33%1.55%1.59%1.63%1.44%1.46%1.44%1.44%1.45%1.37%
DIIs17.27%16.82%16.80%14.86%14.22%14.19%18.46%13.37%13.10%15.70%15.60%15.58%
Public27.02%27.00%26.97%29.70%30.29%30.28%28.88%33.95%34.25%31.64%31.71%31.81%
No. of Shareholders5,8145,9606,1926,35110,95812,13513,20213,51213,31612,88914,06014,278

Greenlam Industries Ltd Shareholding Pattern Chart

No. of Greenlam Industries Ltd Shareholders

Greenlam Industries Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Mid-Cap Opportunities Fund - Regular Plan87575040.88419.97
DSP Small Cap Fund27602131.12132.37
Nippon India Small Cap Fund22114380.28106.05
HDFC Small Cap Fund - Regular Plan17780410.3785.27
Canara Robeco Small Cap Fund8396730.5140.27
Motilal Oswal Nifty Microcap 250 Index Fund617100.642.96
Groww Nifty Total Market Index Fund1360.020.01

Greenlam Industries Ltd ROCE Trend

Greenlam Industries Ltd EPS Trend

Greenlam Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.005.005.005.00
Basic EPS (Rs.)10.277.5230.5635.9131.95
Diluted EPS (Rs.)10.277.5230.5635.9131.95
Cash EPS (Rs.)15.0612.3553.5557.6647.21
Book Value[Excl.RevalReserv]/Share (Rs.)76.3054.28237.79207.48177.54
Book Value[Incl.RevalReserv]/Share (Rs.)76.3054.28237.79207.48177.54
Revenue From Operations / Share (Rs.)159.53141.15497.00547.13530.61
PBDIT / Share (Rs.)19.7516.1074.9375.6866.31
PBIT / Share (Rs.)14.7711.2551.9153.9351.05
PBT / Share (Rs.)12.929.8739.7644.8844.02
Net Profit / Share (Rs.)10.087.5130.5335.9131.95
NP After MI And SOA / Share (Rs.)10.117.5230.5635.9131.95
PBDIT Margin (%)12.3811.4015.0713.8312.49
PBIT Margin (%)9.257.9710.449.859.62
PBT Margin (%)8.106.997.998.208.29
Net Profit Margin (%)6.315.316.146.566.02
NP After MI And SOA Margin (%)6.335.326.146.566.02
Return on Networth / Equity (%)13.2513.8612.8617.3117.99
Return on Capital Employeed (%)13.4815.4517.0619.1022.73
Return On Assets (%)6.256.556.267.778.33
Long Term Debt / Equity (X)0.360.240.140.160.16
Total Debt / Equity (X)0.580.520.380.510.54
Asset Turnover Ratio (%)1.221.251.011.251.41
Current Ratio (X)1.521.691.541.501.42
Quick Ratio (X)0.740.690.680.640.61
Inventory Turnover Ratio (X)2.162.241.682.142.55
Dividend Payout Ratio (NP) (%)11.2713.300.0019.497.82
Dividend Payout Ratio (CP) (%)7.558.080.0012.145.29
Earning Retention Ratio (%)88.7386.700.0080.5192.18
Cash Earning Retention Ratio (%)92.4591.920.0087.8694.71
Interest Coverage Ratio (X)10.6813.8010.698.379.44
Interest Coverage Ratio (Post Tax) (X)6.457.626.094.975.55
Enterprise Value (Cr.)4354.164709.132459.751383.562511.52
EV / Net Operating Revenue (X)2.152.762.051.051.96
EV / EBITDA (X)17.3624.2413.607.5715.69
MarketCap / Net Operating Revenue (X)1.882.571.880.871.79
Retention Ratios (%)88.7286.690.0080.5092.17
Price / BV (X)3.926.693.932.315.35
Price / Net Operating Revenue (X)1.882.571.880.871.79
EarningsYield0.030.020.030.070.03

Greenlam Industries Ltd Profitability Ratios (%)

Greenlam Industries Ltd Liquidity Ratios

Greenlam Industries Ltd Liquidity Ratios (%)

Greenlam Industries Ltd Interest Coverage Ratios (%)

Greenlam Industries Ltd Valuation Ratios

Fair Value of Greenlam Industries Ltd Stock

Fair Value: ₹591.37

The stock is undervalued by 10.33% compared to the current price ₹536

*Investments are subject to market risks

Strength and Weakness of Greenlam Industries Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 15.20%, which is a positive sign.
  2. The company has higher reserves (467.91 cr) compared to borrowings (377.64 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (85.18 cr) and profit (95.09 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 36.58 and average Dividend Yield of 9.43%.
  2. The stock has a high average Working Capital Days of 71.80, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 108.30, which may not be favorable.

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 Greenlam Industries Ltd. 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