Greenlam Industries Limited

NSEI:GREENLAM Stock Report

Market Cap: ₹64.7b

Greenlam Industries Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales 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.

Discounted Cash Flow
Simply Wall St
₹96.97
Fair Value
161.6% overvalued intrinsic discount
13
Number of Analysts

Below Fair Value: GREENLAM (₹253.73) is trading above our estimate of fair value (₹96.97)

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 barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for GREENLAM. This is calculated by dividing GREENLAM's market cap by their current revenue.
What is GREENLAM's PS Ratio?
PS Ratio2.5x
Sales₹26.38b
Market Cap₹64.74b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for GREENLAM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.9x
500128 Electrosteel Castings
0.9x-0.21%₹60.6b
532443 Cera Sanitaryware
4.2x10.69%₹81.6b
KRN KRN Heat Exchanger and Refrigeration
11.7x50.90%₹52.9b
526951 Stylam Industries
2.7x14.77%₹29.3b
GREENLAM Greenlam Industries
2.5x15.55%₹64.7b

Price-To-Sales vs Peers: GREENLAM is good value based on its Price-To-Sales Ratio (2.5x) compared to the peer average (4.9x).

Price to Sales Ratio vs Industry

How does GREENLAM's PS Ratio compare vs other companies in the IN Building Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
505685 Taparia Tools
0.02xn/aUS$2.09m
BALCO Solve Plastic Products
0.3xn/aUS$1.37m
No more companies available in this PS range
GREENLAM 2.5xIndustry Avg. 1.5xNo. of Companies15PS01.22.43.64.86+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: GREENLAM is expensive based on its Price-To-Sales Ratio (2.5x) compared to the Indian Building industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

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

GREENLAM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.5x
Fair PS Ratio4.3x

Price-To-Sales vs Fair Ratio: GREENLAM is good value based on its Price-To-Sales Ratio (2.5x) compared to the estimated Fair Price-To-Sales Ratio (4.3x).

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₹253.73
₹262.08
+3.29%
13.81%₹335.00₹199.00n/a13
Sep ’26₹243.56
₹262.08
+7.60%
13.81%₹335.00₹199.00n/a13
Aug ’26₹229.66
₹274.62
+19.57%
10.56%₹335.00₹230.00n/a13
Jul ’26₹238.66
₹276.92
+16.03%
9.86%₹335.00₹230.00n/a13
Jun ’26₹264.23
₹291.92
+10.48%
13.53%₹385.50₹250.00n/a13
May ’26₹206.98
₹294.08
+42.08%
13.36%₹385.50₹250.00n/a13
Apr ’26₹240.98
₹304.83
+26.50%
12.04%₹385.50₹250.00n/a12
Mar ’26₹225.23
₹304.83
+35.35%
12.04%₹385.50₹250.00n/a12
Feb ’26₹267.55
₹322.08
+20.38%
12.00%₹400.50₹265.00n/a12
Jan ’26₹298.18
₹322.71
+8.23%
11.95%₹400.50₹265.00n/a12
Dec ’25₹285.68
₹319.33
+11.78%
12.87%₹400.50₹265.00n/a12
Nov ’25₹268.83
₹318.08
+18.32%
12.19%₹400.00₹265.00n/a12
Oct ’25₹253.83
₹329.63
+29.86%
10.79%₹410.00₹280.00n/a12
Sep ’25₹280.70
₹322.08
+14.74%
12.73%₹410.00₹253.00₹243.5612
Aug ’25₹297.58
₹322.08
+8.24%
12.73%₹410.00₹253.00₹229.6612
Jul ’25₹305.85
₹319.77
+4.55%
11.95%₹410.00₹253.00₹238.6611
Jun ’25₹284.60
₹311.14
+9.32%
8.68%₹341.00₹253.00₹264.2311
May ’25₹302.85
₹296.36
-2.14%
7.84%₹335.00₹250.00₹206.9811
Apr ’25₹261.65
₹296.36
+13.27%
7.84%₹335.00₹250.00₹240.9811
Mar ’25₹269.45
₹297.73
+10.49%
8.40%₹340.00₹250.00₹225.2311
Feb ’25₹269.65
₹302.00
+12.00%
6.41%₹340.00₹272.50₹267.559
Jan ’25₹271.23
₹279.22
+2.95%
11.29%₹322.50₹215.00₹298.189
Dec ’24₹287.70
₹272.61
-5.24%
11.77%₹322.50₹215.00₹285.689
Nov ’24₹267.25
₹264.28
-1.11%
13.63%₹322.50₹215.00₹268.839
Oct ’24₹207.70
₹250.44
+20.58%
10.23%₹295.00₹215.00₹253.838
Sep ’24₹221.83
₹250.44
+12.90%
10.23%₹295.00₹215.00₹280.708
AnalystConsensusTarget
Consensus Narrative from 13 Analysts
₹262.08
Fair Value
3.2% undervalued intrinsic discount
13
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/14 14:20
End of Day Share Price 2025/09/12 00:00
Earnings2025/06/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Greenlam Industries Limited is covered by 20 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAnand Rathi Shares and Stock Brokers Limited
Rishab BothraAnand Rathi Shares and Stock Brokers Limited
null nullAntique Stockbroking Ltd.