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Greenlam Industries

BSE:538979
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
538979
BSE
₹17B
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

Greenlam Industries Limited manufactures and sells laminates, decorative veneers, and their allied products in India and internationally. The last earnings update was 23 days ago. More info.


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  • Greenlam Industries has significant price volatility in the past 3 months.
538979 Share Price and Events
7 Day Returns
1.8%
BSE:538979
-1.3%
IN Building
-0.7%
IN Market
1 Year Returns
-30.1%
BSE:538979
-13%
IN Building
-12.1%
IN Market
538979 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Greenlam Industries (538979) 1.8% -9.5% -13% -30.1% -5.3% -
IN Building -1.3% -9.5% -11% -13% 14.1% 78.7%
IN Market -0.7% -5.7% -4.3% -12.1% 13% 25.2%
1 Year Return vs Industry and Market
  • 538979 underperformed the Building industry which returned -13% over the past year.
  • 538979 underperformed the Market in India which returned -12.1% over the past year.
Price Volatility
538979
Industry
5yr Volatility vs Market

538979 Value

 Is Greenlam Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Greenlam Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Greenlam Industries.

BSE:538979 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 17.8%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:538979
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Building Unlevered Beta Simply Wall St/ S&P Global 1.16
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.161 (1 + (1- 35%) (16.06%))
1.189
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.189 * 8.6%)
17.78%

Discounted Cash Flow Calculation for BSE:538979 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Greenlam Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BSE:538979 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 17.78%)
2020 878.50 Analyst x4 745.89
2021 890.33 Analyst x3 641.83
2022 918.84 Est @ 3.2% 562.39
2023 960.25 Est @ 4.51% 499.02
2024 1,012.29 Est @ 5.42% 446.65
2025 1,073.63 Est @ 6.06% 402.21
2026 1,143.48 Est @ 6.51% 363.71
2027 1,221.45 Est @ 6.82% 329.87
2028 1,307.42 Est @ 7.04% 299.79
2029 1,401.45 Est @ 7.19% 272.84
Present value of next 10 years cash flows ₹4,564.20
BSE:538979 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹1,401.45 × (1 + 7.55%) ÷ (17.78% – 7.55%)
₹14,735.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹14,735.49 ÷ (1 + 17.78%)10
₹2,868.75
BSE:538979 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹4,564.20 + ₹2,868.75
₹7,432.95
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹7,432.95 / 24.14
₹307.96
BSE:538979 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹307.96
Current discount Discount to share price of ₹696.00
= -1 x (₹696.00 - ₹307.96) / ₹307.96
-126%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Greenlam Industries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Greenlam Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Greenlam Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:538979 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in INR ₹29.06
BSE:538979 Share Price ** BSE (2019-08-14) in INR ₹696
India Building Industry PE Ratio Median Figure of 33 Publicly-Listed Building Companies 17.43x
India Market PE Ratio Median Figure of 2,785 Publicly-Listed Companies 13.56x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Greenlam Industries.

BSE:538979 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:538979 Share Price ÷ EPS (both in INR)

= 696 ÷ 29.06

23.95x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Greenlam Industries is overvalued based on earnings compared to the IN Building industry average.
  • Greenlam Industries is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Greenlam Industries's expected growth come at a high price?
Raw Data
BSE:538979 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
22.5%per year
India Building Industry PEG Ratio Median Figure of 10 Publicly-Listed Building Companies 1.08x
India Market PEG Ratio Median Figure of 544 Publicly-Listed Companies 1.09x

*Line of best fit is calculated by linear regression .

BSE:538979 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.95x ÷ 22.5%

1.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Greenlam Industries is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Greenlam Industries's assets?
Raw Data
BSE:538979 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in INR ₹177.50
BSE:538979 Share Price * BSE (2019-08-14) in INR ₹696
India Building Industry PB Ratio Median Figure of 37 Publicly-Listed Building Companies 1.12x
India Market PB Ratio Median Figure of 3,663 Publicly-Listed Companies 0.87x
BSE:538979 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:538979 Share Price ÷ Book Value per Share (both in INR)

= 696 ÷ 177.50

3.92x

* Primary Listing of Greenlam Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Greenlam Industries is overvalued based on assets compared to the IN Building industry average.
X
Value checks
We assess Greenlam Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Building industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Building industry average (and greater than 0)? (1 check)
  5. Greenlam Industries has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

538979 Future Performance

 How is Greenlam Industries expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
22.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Greenlam Industries expected to grow at an attractive rate?
  • Greenlam Industries's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Greenlam Industries's earnings growth is expected to exceed the India market average.
  • Greenlam Industries's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:538979 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:538979 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 22.5%
BSE:538979 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 10.3%
India Building Industry Earnings Growth Rate Market Cap Weighted Average 21.6%
India Building Industry Revenue Growth Rate Market Cap Weighted Average 14.3%
India Market Earnings Growth Rate Market Cap Weighted Average 17.9%
India Market Revenue Growth Rate Market Cap Weighted Average 11.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:538979 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:538979 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 15,445 1,376 1,049 5
2020-03-31 14,041 1,317 856 5
BSE:538979 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-06-30 12,816 702
2019-03-31 12,802 607 771
2018-12-31 12,310 712
2018-09-30 11,973 688
2018-06-30 11,544 665
2018-03-31 11,441 1,087 646
2017-12-31 11,276 647
2017-09-30 10,896 568
2017-06-30 10,940 547
2017-03-31 10,752 1,854 497

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Greenlam Industries's earnings are expected to grow significantly at over 20% yearly.
  • Greenlam Industries's revenue is expected to grow by 10.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:538979 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Greenlam Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:538979 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 43.45 47.30 41.94 5.00
2020-03-31 35.44 38.40 33.00 5.00
BSE:538979 Past Financials Data
Date (Data in INR Millions) EPS *
2019-06-30 29.06
2019-03-31 31.95
2018-12-31 29.51
2018-09-30 28.49
2018-06-30 27.57
2018-03-31 26.77
2017-12-31 26.80
2017-09-30 23.56
2017-06-30 22.65
2017-03-31 20.57

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Greenlam Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Greenlam Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Greenlam Industries has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

538979 Past Performance

  How has Greenlam Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Greenlam Industries's growth in the last year to its industry (Building).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Greenlam Industries has delivered over 20% year on year earnings growth in the past 5 years.
  • Greenlam Industries's 1-year earnings growth is less than its 5-year average (5.5% vs 21.9%)
  • Greenlam Industries's earnings growth has exceeded the IN Building industry average in the past year (5.5% vs 0.9%).
Earnings and Revenue History
Greenlam Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Greenlam Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:538979 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 12,815.89 701.50 2,518.43
2019-03-31 12,801.65 771.12 2,469.41
2018-12-31 12,310.05 712.33 2,461.52
2018-09-30 11,972.94 687.79 2,406.24
2018-06-30 11,544.37 665.23 2,353.86
2018-03-31 11,441.06 646.06 2,307.16
2017-12-31 11,276.35 646.78 2,221.92
2017-09-30 10,895.67 568.49 2,162.99
2017-06-30 10,940.36 546.79 1,583.06
2017-03-31 10,751.92 496.59 2,059.94
2016-03-31 10,294.74 377.03 2,087.59
2015-03-31 9,248.08 193.32 1,691.62
2014-03-31 -0.12 0.12

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Greenlam Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Greenlam Industries used its assets more efficiently than the IN Building industry average last year based on Return on Assets.
  • Greenlam Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Greenlam Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Building industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Greenlam Industries has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

538979 Health

 How is Greenlam Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Greenlam Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Greenlam Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Greenlam Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Greenlam Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Greenlam Industries Company Filings, last reported 1 month ago.

BSE:538979 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 4,285.11 2,697.09 102.30
2019-03-31 4,285.11 2,697.09 102.30
2018-12-31 3,865.42 2,637.32 88.91
2018-09-30 3,865.42 2,637.32 88.91
2018-06-30 3,562.27 2,516.94 99.78
2018-03-31 3,562.27 2,516.94 99.78
2017-12-31 3,213.20 2,589.14 42.72
2017-09-30 3,213.20 2,589.14 42.72
2017-06-30 2,907.92 2,498.69 78.54
2017-03-31 2,982.22 2,984.69 74.29
2016-03-31 2,451.85 3,652.73 52.30
2015-03-31 2,198.74 3,927.04 58.57
2014-03-31 0.42 0.00 0.31
  • Greenlam Industries's level of debt (62.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (178.5% vs 62.9% today).
  • Debt is well covered by operating cash flow (22.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.1x coverage).
X
Financial health checks
We assess Greenlam Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Greenlam Industries has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

538979 Dividends

 What is Greenlam Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.43%
Current annual income from Greenlam Industries dividends. Estimated to be 0.41% next year.
If you bought ₹2,000 of Greenlam Industries shares you are expected to receive ₹9 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Greenlam Industries's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.63%).
  • Greenlam Industries's dividend is below the markets top 25% of dividend payers in India (2.52%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:538979 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
India Building Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1441 Stocks 1.5%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:538979 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 3.00 4.00
2020-03-31 2.70 4.00
BSE:538979 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-07-19 3.000 0.434
2019-05-30 3.000 0.376
2018-05-29 2.500 0.272
2017-08-24 1.500 0.139
2017-05-25 1.500 0.173
2016-08-29 1.000 0.149
2016-05-27 1.000 0.150
2015-05-28 0.500 0.115

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Greenlam Industries has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Greenlam Industries only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Greenlam Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (9.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Greenlam Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Greenlam Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Greenlam Industries has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

538979 Management

 What is the CEO of Greenlam Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Saurabh Mittal
COMPENSATION ₹49,639,000
AGE 44
TENURE AS CEO 4.8 years
CEO Bio

Mr. Saurabh Mittal, B.Com has been Chief Executive Officer and Managing Director of Greenlam Industries Limited since November 2014. Mr. Mittal served as Chief Executive Officer and Joint Managing Director of Greenply Industries Limited until November 10, 2014. Mr. Mittal served at Himalaya Granites Ltd., Prime Holdings Pvt. Ltd., Prime Properties Pvt. Ltd. and GIL Intercontinental Pte. Ltd. He was Chairman of Himalaya Granites Ltd. since November 13, 2010 until August 04, 2018 and was its Director since January 2, 1996 until August 04, 2018. He has been a Director of Greenlam Industries Limited since August 2013. Mr. Mittal served as Director of Greenply Industries Limited since April 1, 2002 until November 11, 2014. Mr. Mittal is a Commerce graduate from D.G. Vaishnav College, University of Madras.

CEO Compensation
  • Saurabh's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Saurabh's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Greenlam Industries management team in years:

4.8
Average Tenure
50
Average Age
  • The tenure for the Greenlam Industries management team is about average.
Management Team

Saurabh Mittal

TITLE
MD, CEO & Director
COMPENSATION
₹50M
AGE
44
TENURE
4.8 yrs

Ashok Sharma

TITLE
CFO & Chief Investor Relations Officer
COMPENSATION
₹11M
AGE
50
TENURE
4.8 yrs

Prakash Biswal

TITLE
Company Secretary
COMPENSATION
₹4M
TENURE
4.8 yrs

Parul Mittal

TITLE
Whole-Time Director
COMPENSATION
₹28M
AGE
42

Pankaj Rishi

TITLE
Chief Operating Officer of Middle East & North Africa
AGE
49

Uppaluri Sarma

TITLE
President of Chip Board Manufacturing Engineering Services
AGE
50

Lokesh Dutt

TITLE
Senior Vice President of International Exports
AGE
52

Prashant Srivastava

TITLE
Vice President of HR

Alex Joseph

TITLE
Senior Vice President of Marketing

Shivaji Mohinta

TITLE
Country Head Sales of Flooring & Decorative Veneers Vertical
COMPENSATION
₹2M
AGE
51
Board of Directors Tenure

Average tenure and age of the Greenlam Industries board of directors in years:

4.8
Average Tenure
59.5
Average Age
  • The tenure for the Greenlam Industries board of directors is about average.
Board of Directors

Shiv Mittal

TITLE
Non-Executive Chairman
AGE
70

Saurabh Mittal

TITLE
MD, CEO & Director
COMPENSATION
₹50M
AGE
44
TENURE
6 yrs

Parul Mittal

TITLE
Whole-Time Director
COMPENSATION
₹28M
AGE
42
TENURE
4.8 yrs

Vijay Chopra

TITLE
Non-Executive Independent Director
COMPENSATION
₹1M
AGE
73
TENURE
4.8 yrs

Sonali Dalal

TITLE
Non-Executive Independent Director
COMPENSATION
₹1M
AGE
58
TENURE
4.8 yrs

Sandip Das

TITLE
Independent Director
AGE
61
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
05. Aug 19 Buy Greenply Leasing & Finance Ltd Company 02. Aug 19 02. Aug 19 33,911 ₹692.00 ₹23,466,412
X
Management checks
We assess Greenlam Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Greenlam Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

538979 News

Simply Wall St News

Does Greenlam Industries Limited's (BOM:538979) Past Performance Indicate A Stronger Future?

Today I will examine Greenlam Industries Limited's (BOM:538979) latest earnings update (31 March 2018) and compare these figures against its performance over the past couple of years, in addition to how the rest of 538979's industry performed. … Did 538979's recent earnings growth beat the long-term trend and the industry. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 37.04%, indicating the rate at which 538979 is growing has slowed down

Simply Wall St -

538979 Company Info

Description

Greenlam Industries Limited manufactures and sells laminates, decorative veneers, and their allied products in India and internationally. The company operates through Laminate & Allied Products and Veneered & Allied Products segments. It offers laminates for homes, kitchens, offices, or other premises; decorative and designer laminates for kitchen, living room, office, or commercial spaces; compact laminates for restroom cubicles, lockers, furniture, panels, work tops, lab furniture, facades, etc.; and laminates for exterior and interior claddings. The company also offers melamine faced chip boards for interior and furniture industry. In addition, it provides decorative veneers for interiors; engineered wood flooring products; and engineered doors and door frames. The company offers its products under the Greenlam Laminates, New Mika, Decowood, Greenlam Sturdo, Greenlam Clads, Mikasa Floors, and Mikasa Doors & Frames brands. It serves institutions, and hospitality and health care sectors, and retail and fast food chains. The company sells its products through a network of distributors, dealers, and retailers. Greenlam Industries Limited was incorporated in 2013 and is based in New Delhi, India.

Details
Name: Greenlam Industries Limited
538979
Exchange: BSE
Founded: 2013
₹16,798,916,304
24,136,374
Website: http://www.greenlamindustries.com
Address: Greenlam Industries Limited
Worldmark 1,
West Wing, 2nd Floor,
New Delhi,
Delhi, 110037,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 538979 Equity Shares Mumbai Stock Exchange IN INR 02. Mar 2015
NSEI GRNLAMIND Equity Shares National Stock Exchange of India IN INR 02. Mar 2015
Number of employees
Current staff
Staff numbers
0
Greenlam Industries employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 12:58
End of day share price update: 2019/08/14 00:00
Last estimates confirmation: 2019/08/03
Last earnings filing: 2019/07/25
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.