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Greenlam Industries (GREENLAM)₹204.61−2.98%Plywood Boards/ Laminates
In the Jun 2026 quarter (consolidated), Greenlam Industries reported sales of ₹795 Cr, up 18.1% from Jun 2025, and net profit of ₹21.01 Cr. For the year to Mar 2026, sales were ₹3,037 Cr and net profit ₹56.07 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 603 | 561 | 622 | 603 | 679 | 600 | 680 | 673 | 806 | 705 | 856 | 795 |
| Expenses | 526 | 490 | 539 | 538 | 597 | 536 | 616 | 628 | 701 | 636 | 747 | 714 |
| Operating Profit | 75.81 | 70.91 | 83.86 | 63.92 | 80.91 | 63.94 | 63.84 | 43.96 | 104 | 67.84 | 108 | 79.84 |
| OPM % | 13.0% | 13.0% | 13.0% | 11.0% | 12.0% | 11.0% | 9.0% | 7.0% | 13.0% | 10.0% | 13.0% | 10.0% |
| Other Income | 5.99 | 2.99 | 8.99 | 2.99 | 7.98 | 0.99 | 0.00 | 1.99 | 0.99 | −3.99 | 1.99 | 5.99 |
| Interest | 8.97 | 13.96 | 12.96 | 13.96 | 15.94 | 15.96 | 19.93 | 25.91 | 23.91 | 22.93 | 22.93 | 18.95 |
| Depreciation | 19.03 | 24.01 | 26.02 | 26.03 | 27.02 | 27.02 | 33.04 | 35.04 | 36.01 | 36.02 | 35.04 | 35.04 |
| Profit before tax | 53.10 | 35.07 | 53.12 | 27.06 | 47.12 | 21.05 | 11.01 | −14.02 | 46.10 | 6.02 | 52.11 | 31.04 |
| Tax % | 26.0% | 28.9% | 22.9% | 25.9% | 26.9% | 40.9% | 85.9% | 8.0% | 30.9% | 110.9% | 22.0% | 30.9% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.99 | 0.00 | 0.00 |
| Net Profit | 39.05 | 25.01 | 41.03 | 20.03 | 34.01 | 13.02 | 1.01 | −16.01 | 32.03 | −1.01 | 41.05 | 21.01 |
| EPS (Rs) | 1.55 | 1.00 | 1.62 | 0.80 | 1.35 | 0.51 | 0.09 | −0.61 | 1.28 | −0.02 | 1.56 | 0.85 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,027 | 1,074 | 1,142 | 1,278 | 1,318 | 1,198 | 1,699 | 2,020 | 2,300 | 2,562 | 3,037 | 3,161 |
| Expenses | 896 | 933 | 992 | 1,118 | 1,137 | 1,021 | 1,510 | 1,787 | 2,001 | 2,286 | 2,712 | 2,797 |
| Operating Profit | 130 | 139 | 149 | 159 | 179 | 174 | 188 | 233 | 295 | 274 | 324 | 359 |
| OPM % | 13.0% | 13.0% | 13.0% | 12.0% | 14.0% | 14.0% | 11.0% | 12.0% | 13.0% | 11.0% | 11.0% | 11.4% |
| Other Income | 2.99 | 1.99 | 1.99 | 0.99 | 3.99 | −4.99 | 3.99 | 17.98 | 19.98 | 10.98 | 1.99 | 4.98 |
| Interest | 34.91 | 28.91 | 17.94 | 16.96 | 21.94 | 16.96 | 13.95 | 22.94 | 43.88 | 64.78 | 95.70 | 88.72 |
| Depreciation | 35.01 | 37.01 | 36.02 | 37.01 | 52.07 | 56.01 | 58.03 | 63.02 | 87.06 | 114 | 142 | 142 |
| Profit before tax | 62.08 | 76.18 | 97.17 | 106 | 108 | 96.16 | 119 | 164 | 185 | 106 | 89.19 | 135 |
| Tax % | 40.0% | 33.9% | 32.9% | 27.0% | 19.9% | 22.9% | 23.9% | 22.0% | 24.9% | 35.9% | 37.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | −0.99 | −8.99 | −1.01 | 4.01 | 0.99 | 7.01 | −1.99 | 1.99 |
| Net Profit | 38.01 | 50.01 | 65.04 | 77.10 | 87.11 | 74.09 | 91.13 | 129 | 138 | 68.09 | 56.07 | 93.08 |
| EPS (Rs) | 1.57 | 2.07 | 2.69 | 3.20 | 3.58 | 3.06 | 3.75 | 5.08 | 5.43 | 2.74 | 2.21 | 3.67 |
| Dividend payout % | 6.0% | 7.0% | 8.9% | 8.9% | 10.9% | 15.9% | 15.9% | 15.0% | 14.9% | 14.9% | 18.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11.97 | 11.98 | 11.98 | 11.98 | 11.97 | 11.97 | 11.97 | 11.97 | 12.98 | 12.98 | 25.95 | 25.97 |
| Reserves | 208 | 233 | 285 | 344 | 415 | 488 | 560 | 641 | 944 | 1,062 | 1,099 | 1,152 |
| Borrowings | 392 | 364 | 297 | 251 | 269 | 293 | 306 | 397 | 627 | 1,106 | 1,195 | 1,157 |
| Other Liabilities | 229 | 259 | 193 | 215 | 228 | 308 | 290 | 322 | 447 | 536 | 573 | 656 |
| Total Liabilities | 839 | 868 | 789 | 821 | 924 | 1,100 | 1,168 | 1,372 | 2,030 | 2,719 | 2,893 | 2,991 |
| Fixed Assets | 327 | 352 | 323 | 330 | 329 | 428 | 412 | 467 | 505 | 984 | 1,744 | 1,706 |
| CWIP | 9.01 | 3.99 | 4.99 | 0.99 | 21.99 | 16.99 | 18.01 | 8.99 | 380 | 611 | 28.02 | 10.01 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 106 | 161 | 241 | 146 | 55.78 | 51.85 |
| Other Assets | 503 | 512 | 460 | 490 | 573 | 656 | 631 | 737 | 904 | 977 | 1,064 | 1,224 |
| Inventories | 231 | 247 | 228 | 256 | 308 | 371 | 378 | 502 | 513 | 609 | 665 | 763 |
| Trade receivables | 182 | 184 | 158 | 171 | 176 | 138 | 135 | 129 | 143 | 151 | 154 | 218 |
| Cash & equivalents | 6.02 | 5.02 | 8.02 | 10.04 | 11.05 | 31.10 | 19.08 | 16.06 | 16.05 | 33.11 | 43.13 | 64.27 |
| Total Assets | 839 | 868 | 789 | 821 | 924 | 1,100 | 1,168 | 1,372 | 2,030 | 2,719 | 2,893 | 2,991 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 118 | 116 | 185 | 109 | 63.83 | 95.88 | 213 | 70.92 | 169 | 194 | 209 | 291 |
| Cash from investing activity | −100 | −53.12 | −22.03 | −38.06 | −57.12 | −54.14 | −154 | −136 | −536 | −528 | −167 | −80.15 |
| Cash from financing activity | −12.04 | −63.24 | −161 | −69.24 | −6.02 | −22.07 | −71.21 | 62.22 | 367 | 351 | −34.14 | −192 |
| Net cash flow | 5.02 | 0.00 | 3.01 | 2.01 | 1.01 | 20.05 | −12.02 | −3.01 | 0.00 | 17.04 | 10.03 | 21.05 |
| Capex | 101 | 51.99 | 24.99 | 38.97 | 58.04 | 54.96 | 50.04 | 86.99 | 466 | 635 | 268 | 91.01 |
| Free cash flow | 17.06 | 64.28 | 162 | 70.22 | 7.03 | 42.13 | 163 | −14.05 | −298 | −441 | −56.21 | 205 |
| CFO / OP % | 138.1% | 99.0% | 144.0% | 94.0% | 62.1% | 70.1% | 138.1% | 56.1% | 88.0% | 81.0% | 95.1% | 104.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 72 | 65 | 54 | 54 | 50 | 38 | 41 | 28 | 26 | 24 | 22 | 26 |
| Inventory days | 160 | 168 | 147 | 156 | 163 | 202 | 229 | 195 | 174 | 204 | 198 | 197 |
| Days payable | 130 | 129 | 84 | 97 | 87 | 92 | 136 | 100 | 94 | 118 | 124 | 132 |
| Cash conversion cycle | 102 | 104 | 116 | 114 | 127 | 148 | 134 | 122 | 105 | 111 | 96 | 91 |
| Working capital days | 37 | 23 | 24 | 34 | 42 | 39 | 33 | 36 | 15 | 0 | 8 | 12 |
| ROCE % | 20.0% | 16.0% | 17.0% | 19.0% | 19.0% | 18.0% | 15.0% | 14.0% | 14.0% | 12.0% | 7.0% | 8.0% |
For the Jun 2026 quarter, Greenlam Industries reported sales of ₹795 Cr, up 18.1% year on year and net profit of ₹21.01 Cr. The operating margin was 10.0%.
Greenlam Industries' sales for the year to Mar 2026 were ₹3,037 Cr; over the last twelve months they were ₹3,161 Cr.
Net profit for the year to Mar 2026 was ₹56.07 Cr, and ₹93.08 Cr over the last twelve months. Earnings per share over the same trailing period were ₹3.67.
Greenlam Industries reported borrowings of ₹1,157 Cr at Mar 2026, against cash and equivalents of ₹64.27 Cr.
Cash from operations was ₹291 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹205 Cr.