Greenlam Industries (NSEI:GREENLAM) - Share price, News & Analysis

GREENLAM fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	4/6
Past Performance	3/6
Financial Health	6/6
Dividends	1/6

GREENLAM Stock Overview

Greenlam Industries Limited manufactures and sells laminates, decorative veneers, and their allied products in India and internationally.

Rewards

Earnings are forecast to grow 23.89% per year

Earnings have grown 10% per year over the past 5 years

Risk Analysis

Shareholders have been diluted in the past year

Greenlam Industries Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Greenlam Industries
Historical stock prices
Current Share Price	₹331.95
52 Week High	₹418.30
52 Week Low	₹231.44
Beta	0.88
1 Month Change	10.25%
3 Month Change	-7.23%
1 Year Change	39.95%
3 Year Change	125.10%
5 Year Change	106.22%
Change since IPO	241.41%

Recent News & Updates

Jun 23

Greenlam Industries (NSE:GREENLAM) Has A Pretty Healthy Balance Sheet

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Jun 02

Does Greenlam Industries (NSE:GREENLAM) Deserve A Spot On Your Watchlist?

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Shareholder Returns

	GREENLAM	IN Building	IN Market
7D	11.4%	-2.4%	-3.1%
1Y	39.9%	-9.1%	-2.5%

Return vs Industry: GREENLAM exceeded the Indian Building industry which returned -9.1% over the past year.

Return vs Market: GREENLAM exceeded the Indian Market which returned -2.5% over the past year.

Price Volatility

Is GREENLAM's price volatile compared to industry and market?
GREENLAM volatility
GREENLAM Average Weekly Movement	5.8%
Building Industry Average Movement	7.1%
Market Average Movement	6.9%
10% most volatile stocks in IN Market	9.8%
10% least volatile stocks in IN Market	4.5%

Stable Share Price: GREENLAM is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: GREENLAM's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2013	1,900	Saurabh Mittal	https://www.greenlamindustries.com

Greenlam Industries Limited manufactures and sells laminates, decorative veneers, and their allied products in India and internationally. It operates through Laminate & Allied Products and Veneer & Allied Products segments. The company provides 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.

Greenlam Industries Fundamentals Summary

How do Greenlam Industries's earnings and revenue compare to its market cap?
GREENLAM fundamental statistics
Market Cap	₹42.35b
Earnings (TTM)	₹907.33m
Revenue (TTM)	₹17.11b

46.7x

P/E Ratio

2.5x

P/S Ratio

Is GREENLAM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
GREENLAM income statement (TTM)
Revenue	₹17.11b
Cost of Revenue	₹9.44b
Gross Profit	₹7.66b
Other Expenses	₹6.76b
Earnings	₹907.33m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	7.14
Gross Margin	44.80%
Net Profit Margin	5.30%
Debt/Equity Ratio	52.7%

How did GREENLAM perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

16%

Payout Ratio

Does GREENLAM pay a reliable dividends?

See GREENLAM dividend history and benchmarks

When do you need to buy GREENLAM by to receive an upcoming dividend?
Greenlam Industries dividend dates
Ex Dividend Date	Jul 07 2022
Dividend Pay Date	Sep 09 2022
Days until Ex dividend	13 days
Days until Dividend pay date	77 days

Does GREENLAM pay a reliable dividends?

See GREENLAM dividend history and benchmarks

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for GREENLAM. This is calculated by dividing GREENLAM's market cap by their current preferred multiple.
What is GREENLAM's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	₹42.35b

GREENLAM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.6x
Enterprise Value/EBITDA	22.9x
PEG Ratio	2x

Price to Earnings Ratio vs Peers

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

GREENLAM PE Ratio vs Peers

The above table shows the PE ratio for GREENLAM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	26.8x

Forward PE

Price-To-Earnings vs Peers: GREENLAM is expensive based on its Price-To-Earnings Ratio (46.7x) compared to the peer average (26.8x).

Price to Earnings Ratio vs Industry

How does GREENLAM's PE Ratio compare vs other companies in the Indian Building Industry?

Price-To-Earnings vs Industry: GREENLAM is expensive based on its Price-To-Earnings Ratio (46.7x) compared to the Indian Building industry average (20.7x)

Price to Earnings Ratio vs Fair Ratio

What is GREENLAM'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.

GREENLAM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	46.7x
Fair PE Ratio	27.7x

Price-To-Earnings vs Fair Ratio: GREENLAM is expensive based on its Price-To-Earnings Ratio (46.7x) compared to the estimated Fair Price-To-Earnings Ratio (27.7x).

Share Price vs Fair Value

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

Below Fair Value: GREENLAM (₹331.95) is trading above our estimate of fair value (₹13.99)

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

Price to Earnings Growth Ratio

PEG Ratio: GREENLAM is poor value based on its PEG Ratio (2x)

Discover undervalued companies

Future Growth

How is Greenlam Industries forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

23.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GREENLAM's forecast earnings growth (23.9% per year) is above the savings rate (6.7%).

Earnings vs Market: GREENLAM's earnings (23.9% per year) are forecast to grow faster than the Indian market (17.5% per year).

High Growth Earnings: GREENLAM's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GREENLAM's revenue (16.3% per year) is forecast to grow faster than the Indian market (11.5% per year).

High Growth Revenue: GREENLAM's revenue (16.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: GREENLAM's Return on Equity is forecast to be low in 3 years time (18%).

Discover growth companies

Past Performance

How has Greenlam Industries performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

10.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GREENLAM has high quality earnings.

Growing Profit Margin: GREENLAM's current net profit margins (5.3%) are lower than last year (6.1%).

Past Earnings Growth Analysis

Earnings Trend: GREENLAM's earnings have grown by 10% per year over the past 5 years.

Accelerating Growth: GREENLAM's earnings growth over the past year (23%) exceeds its 5-year average (10% per year).

Earnings vs Industry: GREENLAM earnings growth over the past year (23%) underperformed the Building industry 32.7%.

Return on Equity

High ROE: GREENLAM's Return on Equity (13.8%) is considered low.

Discover strong past performing companies

Financial Health

How is Greenlam Industries's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: GREENLAM's short term assets (₹8.6B) exceed its short term liabilities (₹5.1B).

Long Term Liabilities: GREENLAM's short term assets (₹8.6B) exceed its long term liabilities (₹2.2B).

Debt to Equity History and Analysis

Debt Level: GREENLAM's net debt to equity ratio (25.8%) is considered satisfactory.

Reducing Debt: GREENLAM's debt to equity ratio has reduced from 99.9% to 52.7% over the past 5 years.

Debt Coverage: GREENLAM's debt is well covered by operating cash flow (20.6%).

Interest Coverage: GREENLAM's interest payments on its debt are well covered by EBIT (9.6x coverage).

Balance Sheet

Discover healthy companies

Dividend

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

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

0.36%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: GREENLAM's dividend (0.36%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.44%).

High Dividend: GREENLAM's dividend (0.36%) is low compared to the top 25% of dividend payers in the Indian market (1.92%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, GREENLAM has been paying a dividend for less than 10 years.

Growing Dividend: GREENLAM's dividend payments have increased, but the company has only paid a dividend for 7 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (16%), GREENLAM's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: GREENLAM is paying a dividend but the company has no free cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

7.6yrs

Average management tenure

CEO

Saurabh Mittal (46 yo)

7.58yrs

Tenure

₹40,986,000

Compensation

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...

CEO Compensation Analysis

Compensation vs Market: Saurabh's total compensation ($USD523.94K) is above average for companies of similar size in the Indian market ($USD272.05K).

Compensation vs Earnings: Saurabh's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: GREENLAM's management team is seasoned and experienced (7.6 years average tenure).

Board Members

Experienced Board: GREENLAM's board of directors are considered experienced (7.6 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.2%.

Data	Last Updated (UTC time)
Company Analysis	2022/06/23 00:00
End of Day Share Price	2022/06/23 00:00
Earnings	2022/03/31
Annual Earnings	2022/03/31