GREENLAMConsumer Discretionary

Greenlam Industries Limited

Plywood Boards/ Laminates · ISIN INE544R01021 · BSE 538979 · NSE EQ · FV ₹1
Last price
₹237
+2.54%today
What this company does

Greenlam Industries Limited operates in Plywood Boards/ Laminates, part of the Consumer Discretionary sector. It booked ₹797 cr of revenue in its latest quarter (Q1 FY27) and kept 2.7% of sales as profit. It is the 2nd largest of 8 Plywood Boards/ Laminates companies we track, by market value.

At Greenlam Industries Limited, we are pleased to present our inaugural Integrated Report, underscoring our commitment to sustainable value creation and enhanced ESG transparency. This report marks a significant milestone in our sustainability journey, articulating how we generate value across short, medium, and long- term horizons for all stakeholders.
In the report:
46out of 100
Equitytale Health Score
Mixed

Healthier than 46% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 187–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
45

At close. Not part of the score.

Profitability & returns48

How much profit it earns on the money it employs

Balance sheet27

How much it owes, and whether earnings cover the interest

Cash quality56

Whether reported profit actually arrives as cash

Growth & consistency58

Whether sales and profit have grown, and how steadily

Valuation11

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 18% vs last year
Promoters hold 51%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 2.7% net margin
! Low 7.2% return on equity

What if I invest in GREENLAM?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹237 +2.54%
latest close · 2026-09-17
52-wk low ₹140136 sessions so far52-wk high ₹279
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio71.3High
LowAverageHigh
P/B ratio5.12High
Below bookModerateHigh
EV / EBITDA20.5High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity7.2%Weak
WeakFairStrong ▸15%
Return on capital10.1%Fair
WeakFairStrong
Net margin2.7%Thin
ThinDecentStrong
EBITDA margin10.8%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.89Moderate
LowModerateHigh ▸1
Interest cover2.6×Okay
RiskyOkayStrong ▸5×
Current ratio1.22Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹6,039 cr
Book value
₹46
EPS
₹0.83
latest quarter
Net debt
₹983 cr
owes more than its cash
Enterprise value
₹7,022 cr
EBITDA
₹343 cr
annualised
EBIT
₹202 cr
annualised
Operating margin
6.3%
Return on assets
2.8%
Earnings yield
1.40%
P/S
1.89
Sales / share
₹124.9
Tax rate
31.3%
Face value
₹1
Shares
25.5 cr
Working capital
₹221 cr
Current assets
₹1,235 cr
Current liabilities
₹1,014 cr
Delivery %
59.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹23₹58, midpoint ₹40

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹797 cr
Other Income₹6 cr
Total Income₹803 cr
Cost of Materials₹404 cr
Purchases of Stock-in-Trade₹4 cr
Inventory Change (±)₹-32 cr
Employee Benefit Expense₹168 cr
Finance Costs₹19 cr
Depreciation & Amortisation₹35 cr
Other Expenses₹173 cr
Total Expenses₹772 cr
Profit before Tax₹31 cr
Tax Expense₹10 cr
Net Profit₹21 cr
Net margin on total income2.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹375 cr46.8%
Employee benefit expense₹168 cr21.0%
Finance costs₹19 cr2.4%
Depreciation & amortisation₹35 cr4.4%
Other expenses₹173 cr21.6%
Tax expense₹10 cr1.2%
Profit for the period₹21 cr2.6%
Total income ₹803 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue706 cr858 cr797 cr
Total income709 cr860 cr803 cr
Expenses697 cr808 cr772 cr
Profit before tax6 cr52 cr31 cr
Tax6 cr12 cr10 cr
Net profit (owners' share)-17 L39 cr21 cr
Net margin (owners' share, on revenue)-0.0%4.6%2.7%
EPS (₹)-0.021.590.83
YoY (latest quarter): total income +18.7% · net profit
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹3,004 cr
Shareholder equity
₹1,179 cr
parent shareholders
Total debt
₹1,047 cr
Cash
₹64 cr
Cash flow · H1 FY26
Operating
₹153 cr
Investing
₹-45 cr
Financing
₹-125 cr
Peer comparison
Plywood Boards/ Laminates · by market value
CompanyPriceMarket capP/E
Century Plyboards (India) Limited₹719₹15,999 cr49.8
Greenlam Industries Limitedthis company₹237₹6,039 cr71.3
Stylam Industries Limited₹3,238₹5,488 cr28.5
Greenply Industries Limited₹293₹3,662 cr24.4
Greenpanel Industries Limited₹158₹1,942 cr16.3
Rushil Decor Limited₹16₹457 cr55.6
Archidply Industries Limited₹101₹202 cr9.0
Archidply Decor Limited₹72₹40 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.17%
trailing 12 months
Dividend / share (TTM)
₹0.4
Last dividend
₹0.4
ex 3 Jul 2026
ActionDetailEx-date
Dividend₹0.4 / share3 Jul 2026
Dividend₹0.4 / share20 Jun 2025
Bonus issue1:121 Mar 2025
Dividend₹1.65 / share21 Jun 2024
Dividend₹1.5 / share30 Jun 2023
Dividend₹1.2 / share7 Jul 2022
Who owns it · 2026-06-30
No pledge
Promoter
51.0%
FII / Foreign
1.5%
DII / Domestic
10.9%
Retail / others
36.7%
Smart-money activity
Insider trades
SoldSANTOSH MITTAL · Promoter Group5.52 L15 Sep 25
BoughtSAURABH MITTAL · Promoters56.12 L15 Sep 25
SoldSHIV PRAKASH MITTAL ON BEHALF OF TRADE COMBINES, PARTNERSHIP FIRM · Promoter Group50.60 L15 Sep 25
Bulk / block deals
SoldHDFC MUTUAL FUND · NSE26.25 L @ ₹243.54 Dec 25
BoughtDSP MUTUAL FUND · NSE28.02 L @ ₹243.54 Dec 25
SoldIDFC MUTUAL FUND A/C IDFC FLEXI CAP FUND · NSE4.00 L @ ₹1,350.16 Aug 21
Stake changes
BoughtBlue Daimond Properties P. Ltd→ 15.30% · 10.22 L13 May 26
BoughtUpnishad Holdings Private Limited→ 7.39% · 1.89 cr16 Sep 25
SoldHydra Trading Private Limited→ 0.00% · 1.89 cr16 Sep 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 31 Jul 2025
See the official result
1
Adoption of the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, the Audited Consolidated Financial Statements of the Company for the said financial year and the Reports of the Board of Directors and Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
5.88 cr votes for, 34 against · 0% of mutual funds and other big investors said no
2
Declaration of final dividend of Re. 0.40 per equity shares of Re. 1.00 each of the Company for the financial year ended March 31, 2025
Backed by 100% of shareholders other than promotersneeded 50%
5.88 cr votes for, 34 against · 0% of mutual funds and other big investors said no
3
Re-appointment of Mr. Shiv Prakash Mittal (DIN: 00237242) as a Director of the Company, who retires by rotation
Promoters had a personal stake in this
Backed by 91% of shareholders other than promotersneeded 50%
5.35 cr votes for, 52.91 L against · 13% of mutual funds and other big investors said no
4
Re-appointment of Ms. Matangi Gowrishankar (DIN 01518137) as an Independent Director of the Company
Backed by 100% of shareholders other than promotersneeded 75%
5.87 cr votes for, 1.51 L against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 9 named members
owning 51.0% between them · as of 2026-06-30
SM Greenlam Investments Private Limited37.78%
Saurabh Mittal11.33%
Parul Mittal1.88%
Jai Mittalno shares
Jia Mittalno shares
Santosh Mittalno shares
Shiv Prakash Mittalno shares
S.M. Safeinvest Private Limitedno shares
Business done with them
FY2026 · 3 of the group
The company paid ₹16 cr to companies in the promoter group last year — about 0.5% of its ₹3,046 cr revenue.
Saurabh Mittal
Paid them for services · Remuneration, Remuneration Payable
also owns 11.33% of the company
₹10 cr
company paid
Parul Mittal
Paid them for services · Remuneration, Remuneration Payable
also owns 1.88% of the company
₹6 cr
company paid
Shiv Prakash Mittal
Paid them for services · Remuneration, Remuneration Payable
₹22 L
company paid

The company also transacted with 12 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.