NSE: GREENLAM | BSE: 538979

Mid-range Performer

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264.10 -3.15 (-1.18%)

33.78% Gain from 52W Low

49,307 NSE+BSE Volume

NSE 14 Nov, 2025 3:31 PM (IST)

6,738.5

Market Cap

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Greenlam Industries Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for GREENLAM, BSE:538979 Greenlam Industries Ltd.

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Greenlam Industries Ltd.

12 Nov 2025

264.10

-1.18%

Greenlam Industries Ltd.

Buy: Greenlam Industries Ltd.

ICICI Direct

Capex completion expands addressable market; sets the stage for strong medium-term growth trajectory: The company has completed greenfield expansion for plywood and chipboard categories along with brownfield expansion for the laminate, incurring total ~1,450 crore capex over the last three years, apart from recently announced 2 Mn MSM addition (~70 crore capex) in Laminates by FY27 end. This has expanded its addressable market (largely plywood led) to ~ 49,000 crore vs. 11,000 crore in FY22. It expects the overall revenues to reach 4,500 crore...

ICICI Direct released a Buy report for Greenlam Industries Ltd. with a price target of 310.0 on 12 Nov, 2025.

Greenlam Industries Ltd.

14 Aug 2025

264.10

-1.18%

Greenlam Industries (GRLM IN) Analyst Meet Update Expanding...

Not Rated: Greenlam Industries Ltd.

Prabhudas Lilladhar

We attended the analyst meet of Greenlam Industries (GRLM) to gain comprehensive insights into the woodpanel segment and its demand-supply dynamics. The company has recently completed greenfield and brownfield expansions in laminates, plywood, and chipboards. The management expects...

Greenlam Industries Ltd. has gained 21.73% in the last 3 Months

Greenlam Industries Ltd.

12 Aug 2025

264.10

-1.18%

Chipboards hit Q1, growth/margin tailwinds ahead, upgrading to a Buy

Buy: Greenlam Industries Ltd.

Anand Rathi

Backed by its domestic business up 22.2% y/y, Greenlam’s Q1 revenue was up 11.4% y/y to Rs6.7bn. On lower input costs the gross margin expanded 102bps y/y to 53%.

Greenlam Industries Ltd. has gained 21.73% in the last 3 Months

Greenlam Industries Ltd.

05 Feb 2025

264.10

-1.18%

Poor show, FY25 guidance lowered, optimistic for FY26, retaining a Buy

Buy: Greenlam Industries Ltd.

Target

Anand Rathi

Greenlam’s Q3 revenue stepped up 7% y/y to Rs6bn. Stable input costs led to a slight, 20bps y/y, better gross margin to 55%. Front-loading of certain costs w.r.t the particle board plant pushed EBITDA down 11% y/y to Rs635m.

Greenlam Industries .. has an average target of 311.50 from 4 brokers.

Greenlam Industries Ltd.

03 Feb 2025

264.10

-1.18%

Greenlam Industries (SELL): Dismal Q3; D/G to SELL on weak earnings and rich valuations

Sell: Greenlam Industries Ltd.

Recommendation Target

BOB Capital Markets Ltd.

Dismal Q3 on weak performance of laminates segment and slow ramp-up of plywood segment

ICICI Direct released a Buy report for Greenlam Industries Ltd. with a price target of 310.0 on 12 Nov, 2025.

Greenlam Industries Ltd.

10 Nov 2024

264.10

-1.18%

Good performance, eyes on plywood, particle boards; retaining a Buy

Buy: Greenlam Industries Ltd.

Anand Rathi

Greenlam’s Q2 revenue climbed 12.8% y/y to Rs6.8bn. The 52% gross margin was broadly the same. EBITDA rose 7.7% y/y to Rs 814m, while PAT was significantly down 11.6% y/y to Rs 345m.

Greenlam Industries .. has an average target of 311.50 from 4 brokers.

Greenlam Industries Ltd.

30 Oct 2024

264.10

-1.18%

Greenlam Industries (HOLD): Weak quarter; quick ramp up of new projects a key monitorable

Hold: Greenlam Industries Ltd.

Target

BOB Capital Markets Ltd.

Weak Q2 on lower-than-expected laminate volume and slow ramp-up of plywood segment

Greenlam Industries Ltd. is trading above all available SMAs

Greenlam Industries Ltd.

29 Oct 2024

264.10

-1.18%

Healthy performance; Growth trajectory intact

Buy: Greenlam Industries Ltd.

Sharekhan

We retain a Buy on Greenlam Industries Limited with an unchanged PT of Rs. 670, considering its strong earnings growth trajectory over FY2024-FY2026E.

Greenlam Industries Ltd. has gained 21.73% in the last 3 Months

Greenlam Industries Ltd.

24 Jul 2024

264.10

-1.18%

Mixed bag Q1; Growth trajectory intact

Buy: Greenlam Industries Ltd.

Sharekhan

Consolidated revenues were in line with estimates, at Rs. 605 crore (up 17.4% y-o-y) aided by 13%
y-o-y growth in laminates revenues (volume growth of 12% y-o-y) and contribution from plywood
segment.

Greenlam Industries .. has an average target of 311.50 from 4 brokers.

Greenlam Industries Ltd.

29 May 2024

264.10

-1.18%

Good Q4 in sluggish times; Retain Buy

Buy: Greenlam Industries Ltd.

Target

Sharekhan

? We retain a Buy on Greenlam Industries Limited with a revised PT of Rs. 670, assigning a higher valuation multiple considering its strong earnings growth trajectory over FY2024-FY2026E.

Greenlam Industries Ltd. is trading above all available SMAs

Is Greenlam Industries Ltd. worth buying?

56 Votes:

Buy 69.64%

Sell 16.07%

Hold 14.29%

RESEARCH REPORTS

Buy SEE REPORTS >

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Not Rated SEE REPORTS >

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