822.10 -11.85 (-1.42%)
NSEJan 15, 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 an upside of 41.71% from the last price of 822.10.
|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 (8.22%)||41.71||Buy|
|2020-07-30||Greenlam Industries .. +||Yes Securities||737.45||1031.00||737.45 (11.48%)||25.41||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 (20.08%)||Not Rated|
|2016-10-27||Greenlam Industries .. +||Karvy||715.05||715.05 (14.97%)|
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 (102.76%)||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.
|2015-02-28||Greenlam Industries .. +||Nirmal Bang Institutional||562.65||562.65 (46.11%)|
Nirmal Bang Institutional
Demerged Business Of Greenply To List On Bourses In order to streamline its business and increase the focus on each segment, Greenply Industries (GIL) demerged its laminate division (accounting for 29.5% of FY14 revenue) into a separate company called Greenlam Industries (Greenlam) in November 2014. Greenlam will be listed on stock exchanges on 2 March 2015. In the wake of lower return ratios and a higher working capital cycle in laminate business, the consolidated entity's D/E ratio and working capital cycle was high while the return ratios and cash flow were weak. We expect the demerger to be value accretive for shareholders as post demerger,...
|2015-02-04||Greenlam Industries .. +||Nirmal Bang Institutional||325.00||325.00 (152.95%)|
Nirmal Bang Institutional
Greenlam Industries (Greenlam) was a part of the laminate division of Greenply Industries (Greenply) before its demerger last year. In order to streamline the business and to increase the focus on each segment, Greenply demerged Greenlam in November 2014 and the latter is likely to be listed on stock exchanges in early March 2015. Greenlam reported subdued revenue growth of 9.7% to Rs2,148mn and EBITDA margin of 10.7%, down 149bps YoY, mainly because of the loss suffered in engineered wood flooring business as the operations went through a period of stabilization and the revenue were affected for 10 days because of the demerger process in November 2014. Because of lower receivable...