Greenlam Industries Limited

BSE:538979 Stock Report

Market Cap: ₹64.6b

Greenlam Industries Valuation

Is 538979 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 538979 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 538979 (₹507) is trading above our estimate of fair value (₹315.91)

Significantly Below Fair Value: 538979 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 538979?

Key metric: As 538979 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 538979. This is calculated by dividing 538979's market cap by their current earnings.
What is 538979's PE Ratio?
PE Ratio53.4x
Earnings₹1.21b
Market Cap₹64.64b

Price to Earnings Ratio vs Peers

How does 538979's PE Ratio compare to its peers?

The above table shows the PE ratio for 538979 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average47.6x
500128 Electrosteel Castings
10.3x8.6%₹89.5b
532443 Cera Sanitaryware
37.5x12.3%₹90.3b
526951 Stylam Industries
30.6x20.3%₹40.2b
KRN KRN Heat Exchanger and Refrigeration
112xn/a₹49.1b
538979 Greenlam Industries
53.4x39.5%₹64.6b

Price-To-Earnings vs Peers: 538979 is expensive based on its Price-To-Earnings Ratio (53.4x) compared to the peer average (47.6x).

Price to Earnings Ratio vs Industry

How does 538979's PE Ratio compare vs other companies in the IN Building Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
526193 Royal Cushion Vinyl Products
1.8xn/aUS$12.48m
505685 Taparia Tools
0.1xn/aUS$1.57m
539223 Ambition Mica
2.3xn/aUS$523.05k
No more companies available in this PE range
538979 53.4xIndustry Avg. 30.9xNo. of Companies6PE020406080100+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 538979 is expensive based on its Price-To-Earnings Ratio (53.4x) compared to the Indian Building industry average (30.9x).

Price to Earnings Ratio vs Fair Ratio

What is 538979's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

538979 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio53.4x
Fair PE Ratio52.9x

Price-To-Earnings vs Fair Ratio: 538979 is expensive based on its Price-To-Earnings Ratio (53.4x) compared to the estimated Fair Price-To-Earnings Ratio (52.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 538979 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹507.00
₹638.67
+26.0%
12.9%₹801.00₹530.00n/a12
Nov ’25₹535.55
₹636.17
+18.8%
12.2%₹800.00₹530.00n/a12
Oct ’25₹507.55
₹659.25
+29.9%
10.8%₹820.00₹560.00n/a12
Sep ’25₹560.60
₹644.17
+14.9%
12.7%₹820.00₹506.00n/a12
Aug ’25₹595.50
₹644.17
+8.2%
12.7%₹820.00₹506.00n/a12
Jul ’25₹612.05
₹639.55
+4.5%
11.9%₹820.00₹506.00n/a11
Jun ’25₹567.95
₹622.27
+9.6%
8.7%₹682.00₹506.00n/a11
May ’25₹605.20
₹592.73
-2.1%
7.8%₹670.00₹500.00n/a11
Apr ’25₹523.30
₹592.73
+13.3%
7.8%₹670.00₹500.00n/a11
Mar ’25₹539.85
₹595.45
+10.3%
8.4%₹680.00₹500.00n/a11
Feb ’25₹540.50
₹604.00
+11.7%
6.4%₹680.00₹545.00n/a9
Jan ’25₹542.85
₹558.44
+2.9%
11.3%₹645.00₹430.00n/a9
Dec ’24₹575.40
₹545.22
-5.2%
11.8%₹645.00₹430.00n/a9
Nov ’24₹535.75
₹528.56
-1.3%
13.6%₹645.00₹430.00₹535.559
Oct ’24₹413.85
₹500.88
+21.0%
10.2%₹590.00₹430.00₹507.558
Sep ’24₹446.40
₹500.88
+12.2%
10.2%₹590.00₹430.00₹560.608
Aug ’24₹475.50
₹494.63
+4.0%
11.8%₹590.00₹410.00₹595.508
Jul ’24₹451.70
₹445.29
-1.4%
14.0%₹540.00₹340.00₹612.057
Jun ’24₹360.70
₹392.57
+8.8%
26.2%₹500.00₹171.00₹567.957
May ’24₹291.50
₹361.67
+24.1%
28.1%₹501.00₹171.00₹605.206
Apr ’24₹299.25
₹361.67
+20.9%
28.1%₹501.00₹171.00₹523.306
Mar ’24₹306.85
₹370.00
+20.6%
26.0%₹501.00₹171.00₹539.857
Feb ’24₹312.70
₹378.67
+21.1%
24.5%₹501.00₹207.00₹540.506
Jan ’24₹321.90
₹378.00
+17.4%
22.8%₹501.00₹207.00₹542.857
Dec ’23₹335.35
₹378.00
+12.7%
22.8%₹501.00₹207.00₹575.407
Nov ’23₹325.55
₹375.57
+15.4%
21.2%₹472.00₹207.00₹535.757

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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