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.

Greenlam Industries Ltd.

27 Oct 2016

232.86

1.67%

Greenlam Industries Ltd: Consumer Discretionary-Home & Office Products (Oct 27, 2016)

Greenlam Industries Ltd.

Karvy

Greenlam reported Q2FY17 net sales of Rs. 2454Mn having a growth of 4.4% QoQ and 6.7% YoY. Half year sales reportedat Rs. 4805 Mn in H1FY17, 7.5% higher than that of H1FY16.Operating expenses rose 5.5% QoQ and 8.3% YoY during Q2FY17 causing EBITDA margins to decline by 95bps QoQ and130bps YoY. EBIT margin stood at 8.1% during Q2FY17 as compared to 8.9% in Q1FY17 and 9.6% in Q2FY16.PAT reported at Rs. 90Mn lower by 0.2% QoQ and 2.7% YoY, substantiated due to reduction in finance costs.

Greenlam Industries Ltd. is trading at high day volume of 188.4K.

Greenlam Industries Ltd.

15 Nov 2015

232.86

1.67%

Greenlam Industries Ltd (Nov 15, 2015)

Buy: Greenlam Industries Ltd.

Karvy

Diversified product offerings & new variants to drive revenue growth: Indian laminates industry is worth Rs.42 Bn and Greenlam has a market share of 18% of organized laminates market. Indian Veneers industry size is worth Rs.8 Bn and Greenlam enjoys market share of 16% of organized veneers industry. There is a huge scope for Greenlam to gain market share over next two years with higher capacity utilization and penetration of new variants.

Greenlam Industries Ltd.'s price crossed above 30Day SMA today

Is Greenlam Industries Ltd. worth buying?

55 Votes:

Buy 70.91%

Sell 16.36%

Hold 12.73%

RESEARCH REPORTS

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25.37% Fall from 52W High

High volume today

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.