Greenlam Industries Limited

NSEI:GREENLAM Stock Report

Market Cap: ₹65.2b

Greenlam Industries Valuation

Is GREENLAM 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 GREENLAM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GREENLAM (₹511.35) is trading above our estimate of fair value (₹316.65)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for GREENLAM. This is calculated by dividing GREENLAM's market cap by their current earnings.
What is GREENLAM's PE Ratio?
PE Ratio53.8x
Earnings₹1.21b
Market Cap₹65.23b

Price to Earnings Ratio vs Peers

How does GREENLAM's PE Ratio compare to its 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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.1x
500128 Electrosteel Castings
10.2x8.6%₹91.1b
532443 Cera Sanitaryware
37.2x12.3%₹92.0b
526951 Stylam Industries
29.2x20.3%₹38.1b
PRINCEPIPE Prince Pipes and Fittings
35.6x28.5%₹48.8b
GREENLAM Greenlam Industries
53.8x39.5%₹65.2b

Price-To-Earnings vs Peers: GREENLAM is expensive based on its Price-To-Earnings Ratio (53.8x) compared to the peer average (28.1x).

Price to Earnings Ratio vs Industry

How does GREENLAM'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$12.18m
505685 Taparia Tools
0.1xn/aUS$1.57m
539223 Ambition Mica
2.3xn/aUS$523.09k
No more companies available in this PE range
GREENLAM 53.8xIndustry Avg. 30.0xNo. of Companies6PE020406080100+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GREENLAM is expensive based on its Price-To-Earnings Ratio (53.8x) compared to the Indian Building industry average (30x).

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 Ratio53.8x
Fair PE Ratio52.7x

Price-To-Earnings vs Fair Ratio: GREENLAM is expensive based on its Price-To-Earnings Ratio (53.8x) compared to the estimated Fair Price-To-Earnings Ratio (52.7x).

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 GREENLAM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹511.35
₹638.67
+24.9%
12.9%₹801.00₹530.00n/a12
Nov ’25₹537.65
₹636.17
+18.3%
12.2%₹800.00₹530.00n/a12
Oct ’25₹507.65
₹659.25
+29.9%
10.8%₹820.00₹560.00n/a12
Sep ’25₹561.40
₹644.17
+14.7%
12.7%₹820.00₹506.00n/a12
Aug ’25₹595.15
₹644.17
+8.2%
12.7%₹820.00₹506.00n/a12
Jul ’25₹611.70
₹639.55
+4.6%
11.9%₹820.00₹506.00n/a11
Jun ’25₹569.20
₹622.27
+9.3%
8.7%₹682.00₹506.00n/a11
May ’25₹605.70
₹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₹538.90
₹595.45
+10.5%
8.4%₹680.00₹500.00n/a11
Feb ’25₹539.30
₹604.00
+12.0%
6.4%₹680.00₹545.00n/a9
Jan ’25₹542.45
₹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₹534.50
₹528.56
-1.1%
13.6%₹645.00₹430.00₹537.659
Oct ’24₹415.40
₹500.88
+20.6%
10.2%₹590.00₹430.00₹507.658
Sep ’24₹443.65
₹500.88
+12.9%
10.2%₹590.00₹430.00₹561.408
Aug ’24₹474.65
₹494.63
+4.2%
11.8%₹590.00₹410.00₹595.158
Jul ’24₹451.55
₹445.29
-1.4%
14.0%₹540.00₹340.00₹611.707
Jun ’24₹360.90
₹392.57
+8.8%
26.2%₹500.00₹171.00₹569.207
May ’24₹290.20
₹361.67
+24.6%
28.1%₹501.00₹171.00₹605.706
Apr ’24₹299.95
₹361.67
+20.6%
28.1%₹501.00₹171.00₹523.306
Mar ’24₹306.60
₹370.00
+20.7%
26.0%₹501.00₹171.00₹538.907
Feb ’24₹313.40
₹378.67
+20.8%
24.5%₹501.00₹207.00₹539.306
Jan ’24₹322.20
₹378.00
+17.3%
22.8%₹501.00₹207.00₹542.457
Dec ’23₹334.65
₹378.00
+13.0%
22.8%₹501.00₹207.00₹575.407
Nov ’23₹326.45
₹375.57
+15.0%
21.2%₹472.00₹207.00₹534.507

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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