💡 Did you know?
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Greenlam Industries Limited is an India-based company, which is engaged in the business of manufacturing laminates, decorative veneers, doors and plywood, and allied products through its factories at Behror and Nalagarh. The Company manufactures compact panels, cladding…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A weak, stagnant business, fully valued.
Greenlam Industries is scored on the general / industrial framework. It keeps a thin 1.8% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 5.21× reported profit. Free cash flow is worth about 4.1% of its market value.
Over the last 3 years revenue compounded at 14%/yr and profit at -24%/yr. Book value has grown 7%/yr. Return on equity is a weak 7.0%. In the latest quarter profit fell 48% versus the prior quarter.
At 93× earnings, the stock sits at the 74th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~24%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 60.4 | 46.18 | worse |
| P/B | 4.26 | 3.99 | worse |
| EV/EBITDA | 18.41 | 15.89 | worse |
| ROE | 7 | 11.94 | worse |
| ROCE | 9.1 | 16.52 | worse |
| ROA | 2.87 | 8.05 | worse |
| Quick Ratio | 0.46 | 1.37 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Century Plyboards | 43.0 | 5.2 | 11.7% |
| Stylam Industries | 30.4 | 5.9 | 19.5% |
| Greenply Industries | 26.4 | 3.4 | 14.3% |
Revenue has grown every year across all 4 financial years shown. 14% CAGR over 3 years — steady double-digit compounder. Growth is accelerating — latest year outpaced the prior year's rate.
Revenue is outpacing profit (14% vs -24%) — costs are rising faster than the top line.
Operating margin has compressed from 8% to 3% — costs or competition are eating into profitability. Margins have declined for 3 consecutive years — watch for a structural cost problem.
ROE at 5% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 9pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (-24% vs -40%) — share dilution is eroding per-share value. -40% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 5.2× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 7% QoQ — could be seasonality or a genuine slowdown. Run-rate stepping up — recent quarters average 9% above earlier ones.
1 of 4 quarters loss-making — quarterly profitability is uneven. Profit fell 48% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 51.0% — majority control intact. MF stake down 3.7pp — domestic funds are booking profits or rebalancing out.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.