Greenlam Industries consolidated net profit declines 38.76% in the June 2024 quarter

Laminate outlook positive, ply and particle board segments’ ramp-up remains key monitorable

Greenlam Industries - Entry Into New Segments To Fuel Growth: HDFC Securities

Management expects to break-even at 50%+ utilisation levels.

Greenlam Industries - Foray Into New Products Should Boost Topline Growth: Yes Securities

HDFC Securities recommended reduce rating on Greenlam Industries with a target price of Rs 425 in its research report dated July 28, 2023.

Reduce Greenlam Industries; target of Rs 425: HDFC Securities

Sharekhan is bullish on Greenlam Industries has recommended buy rating on the stock with a target price of Rs 520 in its research report dated June 20, 2023.

Buy Greenlam Industries; target of Rs 520: Sharekhan

The ₹130-crore greenfield project of Greenlam Industries Ltd. to make plywood and allied products at Tindivanam in Tamil Nadu went on stream on Friday.

Greenlam’s Plywood unit at Tindivanam goes on stream

Greenlam Industries shares rose 10.72 per cent to hit a high of Rs 446.40 on BSE. The greenfield project was set up with an estimated investment of Rs 125 crore.

Greenlam Industries shares rally as unit with Rs 400 crore revenue potential kicks off production

The said facility has the potential to generate revenue of Rs 400 crore per annum on full capacity utilization. The total capex incurred for the project stands at Rs 130 crore

Greenlam soars 15% as plywood facility begins operations in Tamil Nadu

The greenfield plant at Tindivanam district will be a manufacturing facility for the plywood and allied products.

Greenlam Industries Shares Hit Record High After Announcement Of New Plant

The company had reported a 109.59 percent year-on-year (YoY) increase in net profit at Rs 54.32 crore in the March quarter of the financial year 2023.

Greenlam Industries touches 52-week high on start of production

Greenlam’s management has guided for a top line growth of 20-25 per cent YoY for FY24 while has not given a guidance on Ebitda margin, as two new projects are getting commissioned.

Greenlam Industries shares rally 21% in 5 days! Stock price targets hint at further upside

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Greenlam Industries Limited is a laminates manufacturing company. The Company is engaged in the business of manufacturing laminates, decorative veneers and allied products, through its factories at various locations, branches and dealers network.