Greenlam Industries Ltd - Stock Valuation and Financial Performance

BSE: 538979 | NSE: GREENLAM | Laminates/Decoratives | Small Cap

Greenlam Industries Share Price

508 8.40 1.68%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Greenlam Industries

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Greenlam Industries stock performance -

mw4me loader
P/E Ratio (CD):
43.82
Market Cap:
6,391.5 Cr.
52-wk low:
282.6
52-wk high:
626.2

Is Greenlam Industries Ltd an attractive stock to invest in?

1. Is Greenlam Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Greenlam Industries Ltd is a average quality company.

2. Is Greenlam Industries Ltd undervalued or overvalued?

The key valuation ratios of Greenlam Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Greenlam Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Greenlam Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Greenlam Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Greenlam Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -19.1%14.8%10.6%12%12.8%13.8%13.5%11.8%11.2%11.2%-
Value Creation
Index
-2.40.1-0.3-0.1-0.10.00.0-0.2-0.2-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 09261,0301,0761,1451,2811,3211,2001,7032,0262,216
Sales YoY Gr.-NA11.3%4.5%6.4%11.9%3.1%-9.2%42%18.9%-
Adj EPS -0.21.83.34.35.46.57.16.97.69.911.4
YoY Gr.-NA80.3%31.5%23.5%21.1%9.2%-2.4%10.3%29.4%-
BVPS (₹) 0.618.220.324.729.535.541.547.554.276.382.3
Adj Net
Profit
022.139.852.464.778.385.683.592.1125146
Cash Flow from Ops. 011811618510964.196.321371.2175-
Debt/CF from Ops. 03.33.21.62.34.23.11.24.93.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA12.1%15.3%18.9%
Adj EPS NA13%11.7%29.4%
BVPS70.1%20.9%22.5%40.7%
Share Price - 21.8% 40.5% 70.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-19.120.117.119.319.82018.415.61515.414.4
Op. Profit
Mgn %
010.512.913.21312.513.614.61111.512.9
Net Profit
Mgn %
02.43.94.95.76.16.575.46.26.6
Debt to
Equity
01.81.510.70.60.60.40.50.6-
Working Cap
Days
09517115714814916518914314581
Cash Conv.
Cycle
036636874768587666225

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 15.33%

Net Profit is growing at healthy rate in last 3 years 11.66%

Debt to equity has declined versus last 3 years average to 0.59

Sales growth is good in last 4 quarters at 13.27%

Return on Equity has declined versus last 3 years average to 14.40%

Latest Financials - Greenlam Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 12.6 11.4
TTM Sales (₹ Cr.) 2,041 2,216
BVPS (₹.) 80.2 82.3
Reserves (₹ Cr.) 1,011 1,038
P/BV 6.24 6.09
PE 39.69 43.82
From the Market
52 Week Low / High (₹) 282.60 / 626.15
All Time Low / High (₹) 60.20 / 626.15
Market Cap (₹ Cr.) 6,391
Equity (₹ Cr.) 12.8
Face Value (₹) 1
Industry PE 29.7

Management X-Ray of Greenlam Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Greenlam Industries

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales09261,0301,0761,1451,2811,3211,2001,7032,026
Operating Expenses 08339009379961,1221,1421,0261,5161,793
Manufacturing Costs0354044475350497696
Material Costs05275375675986886706029441,079
Employee Cost 0112140152173192222208259314
Other Costs 0158183174177189200168237304
Operating Profit 093130138149159178173187233
Operating Profit Margin (%) -10.0%12.6%12.9%13.0%12.4%13.5%14.4%11.0%11.5%
Other Income 02332248718
Interest 0333529181722171423
Depreciation 0333537363752565863
Exceptional Items 0000000-12-30
Profit Before Tax 02862769710610896119164
Tax 092526322922222936
Profit After Tax 01938506577877491128
PAT Margin (%) -2.1%3.7%4.6%5.6%6.0%6.6%6.1%5.3%6.3%
Adjusted EPS (₹)-0.21.63.14.15.46.47.26.17.510.1
Dividend Payout Ratio (%)0%6%6%7%9%9%11%16%16%15%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 0220245298356428501573654969
Share Capital 0121212121212121213
Reserves 0208233286344416489561642956
Minority Interest0000000010
Debt0352266258210232259223320539
Long Term Debt02091489781738684158352
Short Term Debt0142118161130159173140162186
Trade Payables0186189129158161168223256270
Others Liabilities 08417110699106177152145269
Total Liabilities 08428717918239271,1041,1721,3762,046

Fixed Assets

Gross Block04805395435836197677989081,019
Accumulated Depreciation0152186219253289338385441502
Net Fixed Assets0328353324331330429413468517
CWIP 094512217189380
Investments 0000000106161242
Inventories0231247228256308371378503513
Trade Receivables0182184158171177138135129143
Cash Equivalents 0658101131191616
Others Assets0877767558111910291234
Total Assets 08428717918239271,1041,1721,3762,046

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0118116185109649621371175
PBT 028627697106108108122164
Adjustment 0676369516178576880
Changes in Working Capital 033455-8-68-6073-85-34
Tax Paid 0-11-13-14-31-35-30-26-33-35
Cash Flow From Investing Activity 0-103-53-22-38-57-54-154-136-541
Capex 0-100-52-24-38-57-55-50-85-472
Net Investments 0000000-106-54-81
Others 0-2-121012312
Cash Flow From Financing Activity 0-12-63-160-69-6-22-7162366
Net Proceeds from Shares 000000000195
Net Proceeds from Borrowing 091-4-109-15-117-1374194
Interest Paid 0-30-32-29-18-17-22-17-13-23
Dividend Paid 00-1-3-4-7-170-12-14
Others 0-73-26-19-322910-411414
Net Cash Flow 03032120-12-30
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-24.8417.616.2218.2919.7519.6618.6613.7214.7515.78
ROCE (%)-24.8420.071617.2719.0318.8717.4413.9614.6314.78
Asset Turnover Ratio02.291.251.341.431.461.31.051.341.18
PAT to CFO Conversion(x)NAN6.213.053.71.680.831.12.880.781.37
Working Capital Days
Receivable Days0696256524943422825
Inventory Days08781787680941149492
Payable Days0641271028785901189289

Greenlam Industries Ltd Stock News

Greenlam Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Greenlam Industries on 28-Mar-2024 16:01 is ₹508.0.
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 28-Mar-2024 16:01 the market cap of Greenlam Industries stood at ₹6,391.5.
The latest P/E ratio of Greenlam Industries as of 28-Mar-2024 16:01 is 39.69.
The latest P/B ratio of Greenlam Industries as of 28-Mar-2024 16:01 is 6.24.
The 52-week high of Greenlam Industries is ₹626.1 and the 52-week low is ₹282.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Greenlam Industries is ₹2,041 ( Cr.) .

About Greenlam Industries Ltd

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