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Employees: 8,792
Size Greenlam Industries (GREENLAM.NS) is an India Materials company (Forest Products) with a market value of $550M, the 806th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹203.70 on 6 Nov 2026.
Performance Over six months the shares fell 10.7%, against -13.5% for the median peer and 0.0% for the India market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 20.1% over the last twelve months (peer median -1.1%); the operating margin is 6.9% (peer median 3.8%).
Valuation It trades at 34.9× forward earnings against a peer median of 28.1× (5th most expensive of 10).
Price implies For today's price to make sense, revenue must grow about 28% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is +8 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.2 points below its cost of capital (14.1% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹31.7B | ₹30.0B | ₹25.2B | ₹22.6B | ₹19.9B |
| Revenue growth | — | +19% | +11% | +13% | — |
| Gross profit | ₹9.24B | ₹6.68B | ₹5.34B | ₹5.49B | ₹4.42B |
| EBITDA | ₹3.61B | ₹2.94B | ₹2.31B | ₹2.56B | ₹2.03B |
| Net income | ₹929M | ₹563M | ₹697M | ₹1.38B | ₹1.29B |
| Free cash flow | n/a | ₹1.07B | -₹1.19B | -₹4.74B | -₹3.13B |
| Capital expenditure | n/a | ₹913M | ₹2.68B | ₹6.35B | ₹4.66B |
| Total debt | n/a | ₹11.6B | ₹12.0B | ₹11.1B | ₹6.28B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GREENLAM.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.2% | -12.4% | 6th highest of 21 |
| 6-month return | -10.7% | -13.5% | 9th highest of 21 |
| Distance from 52-week high | -26.9% | -41.4% | 7th highest of 21 |
| Revenue growth (TTM) | +20.1% | -1.1% | 2nd highest of 21 |
| Operating margin | 6.9% | 3.8% | 7th highest of 21 |
| Forward P/E | 34.9× | 28.1× | 5th most expensive of 10 |
| Growth the price implies (Req g, 7 yrs) | 28.3% | 24.1% | 5th most demanding of 11 |
| Growth delivered (Del g) | +20.7% | +2.3% | highest of 11 |
| Hurdle (Req g minus delivered) | +7.6 pp | +23.9 pp | 3rd least demanding of 11 |
| ROIC minus cost of capital | -0.2 pp | -5.3 pp | 6th highest of 21 |
| EV / EBITDA | 14.4× | 20.4× | 4th cheapest of 9 |
| Net debt / EBITDA | 2.9× | 0.4× | 3rd most indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Greenlam Industries GREENLAM.NS | India | $550M | -11% | +20% | 7% | 34.9× | 28.3% | +20.7% |
| Stylam Industries STYLAMIND.NS | India | $563M | +19% | +10% | 18% | 28.1× | n/a | n/a |
| Mengtian Home 603216.SS | China | $607M | -39% | -5% | 3% | 62.7× | 39.4% | -2.6% |
| Dongguan HuaLi Industries 603038.SS | China | $498M | -27% | +15% | 6% | n/a | 20.6% | +7.5% |
| Interfor IFP.TO | Canada | $634M | +42% | -7% | 1% | 59.2× | n/a | n/a |
| Zhejiang Tianzhen Technology 301356.SZ | China | $713M | -7% | +2% | 4% | 26.0× | 27.5% | -7.1% |
| Dare Power Dekor Home 000910.SZ | China | $414M | -26% | -4% | -9% | 7.4× | n/a | n/a |
| Responsive Industries RESPONIND.NS | India | $391M | -24% | -13% | 10% | n/a | 42.5% | +13.0% |
| Bunka Shutter 5930.T | Japan | $779M | -1% | +3% | 6% | n/a | -12.9% | +6.4% |
| Suncha Technology 001211.SZ | China | $387M | -14% | +18% | 0% | n/a | n/a | n/a |
| Newtechwood 301588.SZ | China | $376M | -39% | +20% | 7% | n/a | n/a | n/a |
| Harbin Sayyas Windows 301227.SZ | China | $368M | -13% | -10% | -21% | n/a | 33.7% | -6.0% |
| Guangxi Fenglin Wood Industry 601996.SS | China | $360M | -21% | -7% | -12% | 17.8× | n/a | n/a |
| Fujian Jinsen Forestry 002679.SZ | China | $343M | -11% | +4% | 10% | n/a | 43.6% | +0.2% |
| Yunnan Jinggu Forestry 600265.SS | China | $338M | -21% | -45% | -13% | n/a | n/a | n/a |
| Jilin Quanyangquan 600189.SS | China | $897M | +1% | +9% | 11% | 109.0× | 16.6% | -1.7% |
| Keding Enterprises 6655.TW | Taiwan | $310M | -6% | +15% | 15% | n/a | 13.5% | +4.5% |
| Conch (Anhui) Energy Saving and Environment Protection New Material 000619.SZ | China | $309M | -24% | -4% | -4% | n/a | n/a | n/a |
| XIAMEN WANLI STONE STOCK 002785.SZ | China | $1.03B | -40% | -33% | -7% | 47.6× | n/a | n/a |
| Der Future Science & Technology 002631.SZ | China | $1.04B | +10% | -26% | -23% | n/a | n/a | n/a |
| Sakata Seed 1377.T | Japan | $1.13B | +2% | +12% | 11% | 16.2× | 0.2% | +8.5% |