1186.00 28.80 (2.49%)
4,800 NSE+BSE Volume
NSEJun 24, 2021 03:31 PM
The 2 reports from 1 analysts offering long term price targets for Greenlam Industries Ltd. have an average target of 1165.00. The consensus estimate represents a downside of -1.77% from the last price of 1186.00.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2020-11-03||Greenlam Industries .. +||Yes Securities||759.65||1165.00||759.65 (56.12%)||Target met||Buy|
|2020-07-30||Greenlam Industries .. +||Yes Securities||737.45||1031.00||737.45 (60.82%)||Target met||Buy|
Domestic laminate revenues degrew by 65.7% y/y while international laminate revenues marginally declined by 12.9% y/y. Further on y/y comparison, domestic veneer/wood flooring/doors witnessed sharp decline in sales of 75.4%/70.9%/27.4% respectively. Accordingly, totalnetsalescameinatRs1,604mn(44.6%y/y). AlthoughGRLMmanagedtoreduceoperatingcostsby37% y/y,theverynatureoflaminateindustryremainsfixedcost...
|2019-07-30||Greenlam Industries .. +||BOB Capital Markets Ltd.||684.65||684.65 (73.23%)||Not Rated|
|2016-10-27||Greenlam Industries .. +||Karvy||715.05||715.05 (65.86%)|
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.
|2015-11-15||Greenlam Industries .. +||Karvy||405.45||478.00||405.45 (192.51%)||Target met||Buy|
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.