Greenlam Industries Limited (GREENLAM) Fair Value & Analysis
Consumer Cyclical · IN · Market cap ₹66.1B
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 3 days ago
Share price −0.5% over the past month.
Below-average quality, and screening another 84% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹51.54). The favourable scenario is already priced in.
- Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (₹28.58 to ₹51.54) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹97.49 – ₹311.47 · fair‑value band ₹28.58 – ₹51.54 · the ₹251.30 price screens above the ₹41.23 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Greenlam Industries Limited (GREENLAM) currently trades at ₹251.30, while our model-based Fair Value estimate is ₹41.23, implying the stock looks roughly 83.6% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Greenlam Industries Limited generated revenue of ₹30.5B at a net margin of 1.9%. Revenue grew 25.8% year over year. It earns a return on equity of 4.9%. Net debt stands at ₹11.0B. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹28.58 (bear case) to ₹51.54 (bull case); at ₹251.30, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 10% below its 52-week high and 27% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 8% fair-value upside, at -84%, GREENLAM screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: DCF Models (₹87.19) versus Dividend Discount (₹6.44). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 44 · Market factors (momentum, volatility) 59
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Greenlam Industries Limited manufactures and sells laminates, decorative veneers, and related allied products in India and internationally. The company operates through Laminate & Allied Products, Veneer & Allied Products, and Plywood & Allied Products segments.
Full company description
Greenlam Industries Limited manufactures and sells laminates, decorative veneers, and related allied products in India and internationally. The company operates through Laminate & Allied Products, Veneer & Allied Products, and Plywood & Allied Products segments. It offers laminates for homes, kitchens, offices, or other premises; decorative and designer laminates for kitchen, wardrobe, doors, living room, office, or commercial spaces; compact laminates for restroom cubicles, lockers, furniture, panels, work tops, lab furniture, and facades; and laminates for exterior and interior claddings. The company also provides melamine faced chip boards; decorative veneers; engineered wood flooring products; engineered doors and door frames; and prelaminated particle boards and plywood. It offers its products under the Greenlam Laminates, New Mika, Decowood, Greenlam Sturdo, Greenlam Clads, Mikasa Floors, Mikasa Decowood Veneers, Splendor Laminates, Mikasa Plywood, NewMika Laminates, NewMika FX, Greenlam MFC, and Mikasa Doors & Frames brand names. The company serves institutions; hospitality and health care sectors; luxury retail segment; and fast-food chains. It sells its products through a network of distributors, dealers, and retailers. Greenlam Industries Limited was founded in 1993 and is based in New Delhi, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Greenlam Industries Limited reported revenue of ₹30.5B in FY2026 versus ₹17.0B in FY2022, a compound +15.6%/yr. Reported net income was ₹563M in FY2026, compounding −11.3%/yr from FY2022.
of which total revenue +11.3 pp · buybacks/dilution −4.2 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
GREENLAM screens 84% overvalued. Compare with Midea Group →
Peer Group
Furnishings, Fixtures & Appliances · 318 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Midea Group 000333 | ¥84.34 | ¥99.66 | +18% |
| Gree Electric Appliances, Inc 000651 | ¥40.23 | ¥86.91 | +116% |
| Haier Smart Home Co 600690 | ¥21.79 | ¥36.04 | +65% |
| King Slide Works Co 2059 | 12,500 TWD | 1,917 TWD | -85% |
| Guangdong Songfa Ceramics Co 603268 | ¥173.26 | ¥38.83 | -78% |
| Hisense Home Appliances Group 000921 | ¥27.69 | ¥50.62 | +83% |
| Ecovacs Robotics Co 603486 | ¥57.74 | ¥54.14 | -6% |
| Zhejiang Supor Co 002032 | ¥41.68 | ¥44.84 | +8% |
| COWAY Co 021240 | 97,200 KRW | 103,928 KRW | +7% |
| Voltas Limited VOLTAS | ₹1,290 | ₹152.27 | -88% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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