Greenlam Industries Ltd, established in 1991 and headquartered in Chennai, Tamil Nadu, is a prominent name in India’s laminates and plywood industry. Specializing in high-quality laminates, plywood, and allied products, the company is recognized for its focus on innovation and premium manufacturing standards.
With advanced manufacturing facilities, Greenlam Industries produces a diverse portfolio of decorative and commercial laminates as well as plywood. Its products serve both domestic and international markets, boasting a significant presence in the USA, Europe, and the Middle East. This global reach and commitment to excellence have established Greenlam Industries as a trusted brand in the surface décor and building materials segment.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 51.22% | 50.98% | 50.98% | 50.98% | 50.98% |
| FIIs + | 1.37% | 1.28% | 1.36% | 1.77% | 1.72% |
| DIIs + | 15.58% | 15.54% | 15.56% | 15.60% | 15.63% |
| Public + | 31.81% | 32.20% | 32.10% | 31.65% | 31.67% |
| No. of Shareholders | 14,278 | 18,022 | 16,848 | 14,771 | 15,142 |
The shareholding pattern of Greenlam Industries Ltd reflects a balanced distribution among its key stakeholders over the observed period from September 2023 to September 2024. Promoters consistently held a majority stake, with their share decreasing slightly from 51.22% in September 2023 to 50.98% in December 2023, and remaining stable thereafter. Foreign Institutional Investors (FIIs) showed marginal fluctuations, increasing from 1.28% in December 2023 to 1.77% in June 2024, before settling at 1.72% in September 2024. Domestic Institutional Investors (DIIs) exhibited steady growth in their shareholding, rising from 15.54% in December 2023 to 15.63% by September 2024.
The public shareholding varied slightly, starting at 31.81% in September 2023, peaking at 32.20% in December 2023, and stabilizing near 31.67% by September 2024. The total number of shareholders displayed dynamic changes, with a notable peak at 18,022 in December 2023 and concluding at 15,142 in September 2024. These trends highlight the evolving interest of institutional and public investors in Greenlam Industries Ltd over the year.
Below are the trading platforms that you can use to purchase Greenlam Industries shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| December 2024 | 615.05 | 534.83 |
In December 2024, Greenlam Industries Ltd is expected to witness its stock prices fluctuate, with a maximum price likely to reach ₹615.05 and a minimum price anticipated at ₹534.83. These projections indicate the potential for significant value within the company’s shares as we close the year.
| When | Maximum Price | Minimum Price |
| January 2025 | 621.20 | 477.85 |
| February 2025 | 627.48 | 482.68 |
| March 2025 | 640.66 | 492.81 |
| April 2025 | 634.31 | 487.93 |
| May 2025 | 615.84 | 473.72 |
| June 2025 | 643.55 | 495.04 |
| July 2025 | 630.93 | 485.33 |
| August 2025 | 650.45 | 500.34 |
| September 2025 | 658.25 | 506.35 |
| October 2025 | 675.37 | 519.51 |
| November 2025 | 692.25 | 532.50 |
| December 2025 | 723.40 | 556.46 |
As we step into January 2025, Greenlam Industries Ltd is expected to see its prices range between ₹477.85 and ₹621.20. Moving through the months, the stock may progress with February at ₹482.68 to ₹627.48, March at ₹492.81 to ₹640.66, and April at ₹487.93 to ₹634.31. May and June could range between ₹473.72 to ₹615.84 and ₹495.04 to ₹643.55, respectively. In the latter half, July to September might see prices between ₹485.33 to ₹658.25, with steady growth. By October, prices could reach ₹519.51 to ₹675.37, November ₹532.50 to ₹692.25, and as we step into December 2025, the stock is likely to peak between ₹556.46 and ₹723.40.
| When | Maximum Price | Minimum Price |
| January 2026 | 745.10 | 573.16 |
| February 2026 | 726.48 | 558.83 |
| March 2026 | 741.00 | 570.00 |
| April 2026 | 756.13 | 581.64 |
| May 2026 | 748.64 | 575.88 |
| June 2026 | 767.36 | 590.27 |
| July 2026 | 752.31 | 578.70 |
| August 2026 | 775.58 | 596.60 |
| September 2026 | 791.09 | 608.53 |
| October 2026 | 811.66 | 624.35 |
| November 2026 | 831.95 | 639.96 |
| December 2026 | 852.75 | 655.96 |
| When | Maximum Price | Minimum Price |
| January 2027 | 861.28 | 662.52 |
| February 2027 | 883.36 | 679.51 |
| March 2027 | 917.81 | 706.01 |
| April 2027 | 899.81 | 692.16 |
| May 2027 | 873.61 | 672.00 |
| June 2027 | 912.92 | 702.24 |
| July 2027 | 895.02 | 688.48 |
| August 2027 | 922.70 | 709.77 |
| September 2027 | 954.99 | 734.61 |
| October 2027 | 979.82 | 753.71 |
| November 2027 | 1,004.32 | 772.55 |
| December 2027 | 1,029.43 | 791.87 |
| When | Maximum Price | Minimum Price |
| January 2028 | 1,050.02 | 807.70 |
| February 2028 | 1,076.94 | 828.41 |
| March 2028 | 1,118.94 | 860.72 |
| April 2028 | 1,097.00 | 843.85 |
| May 2028 | 1,065.05 | 819.27 |
| June 2028 | 1,112.98 | 856.13 |
| July 2028 | 1,091.15 | 839.35 |
| August 2028 | 1,124.90 | 865.31 |
| September 2028 | 1,164.27 | 895.59 |
| October 2028 | 1,194.54 | 918.88 |
| November 2028 | 1,224.41 | 941.85 |
| December 2028 | 1,255.02 | 965.40 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,280.12 | 984.70 |
| February 2029 | 1,312.94 | 1,009.95 |
| March 2029 | 1,364.14 | 1,049.34 |
| April 2029 | 1,337.40 | 1,028.77 |
| May 2029 | 1,298.44 | 998.80 |
| June 2029 | 1,356.87 | 1,043.75 |
| July 2029 | 1,330.27 | 1,023.28 |
| August 2029 | 1,371.41 | 1,054.93 |
| September 2029 | 1,419.41 | 1,091.85 |
| October 2029 | 1,456.31 | 1,120.24 |
| November 2029 | 1,492.72 | 1,148.25 |
| December 2029 | 1,530.04 | 1,176.95 |
| When | Maximum Price | Minimum Price |
| January 2030 | 1,560.64 | 1,200.49 |
| February 2030 | 1,600.66 | 1,231.27 |
| March 2030 | 1,663.08 | 1,279.29 |
| April 2030 | 1,630.47 | 1,254.21 |
| May 2030 | 1,582.98 | 1,217.68 |
| June 2030 | 1,654.22 | 1,272.47 |
| July 2030 | 1,621.78 | 1,247.52 |
| August 2030 | 1,671.94 | 1,286.11 |
| September 2030 | 1,730.46 | 1,331.12 |
| October 2030 | 1,775.45 | 1,365.73 |
| November 2030 | 1,819.84 | 1,399.87 |
| December 2030 | 1,865.33 | 1,434.87 |
As we move into January 2030, Greenlam Industries Ltd is projected to have prices ranging between ₹1,200.49 and ₹1,560.64. February may see a rise to ₹1,231.27 to ₹1,600.66, while March could experience further growth between ₹1,279.29 and ₹1,663.08. April is likely to range from ₹1,254.21 to ₹1,630.47, and May might stabilize at ₹1,217.68 to ₹1,582.98. In June, the prices are expected to shift between ₹1,272.47 and ₹1,654.22, with July at ₹1,247.52 to ₹1,621.78. August could bring further highs between ₹1,286.11 and ₹1,671.94, while September might escalate to ₹1,331.12 to ₹1,730.46. As we move into October, prices could range from ₹1,365.73 to ₹1,775.45, November at ₹1,399.87 to ₹1,819.84, and finally, December 2030 is expected to peak between ₹1,434.87 and ₹1,865.33.
Greenlam Industries Financial Condition
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 1,321 | 1,200 | 1,703 | 2,026 | 2,306 | 2,473 |
| Expenses + | 1,142 | 1,026 | 1,516 | 1,793 | 2,010 | 2,173 |
| Operating Profit | 179 | 174 | 188 | 233 | 296 | 300 |
| OPM % | 14% | 14% | 11% | 12% | 13% | 12% |
| Other Income + | 4 | -5 | 4 | 18 | 20 | 23 |
| Interest | 22 | 17 | 14 | 23 | 44 | 57 |
| Depreciation | 52 | 56 | 58 | 63 | 87 | 103 |
| Profit before tax | 108 | 96 | 119 | 164 | 185 | 163 |
| Tax % | 20% | 23% | 24% | 22% | 25% | |
| Net Profit + | 87 | 74 | 91 | 129 | 138 | 120 |
| EPS in Rs | 7.18 | 6.11 | 7.52 | 10.13 | 10.85 | 9.49 |
| Dividend Payout % | 11% | 16% | 16% | 15% | 15% |
Greenlam Industries Ltd has shown steady financial growth and consistent shareholder rewards over recent years. From March 2020 to March 2024, the company’s sales increased significantly from ₹1,321 crore to ₹2,306 crore, demonstrating strong operational expansion. Correspondingly, expenses rose from ₹1,142 crore to ₹2,010 crore. Operating profit improved from ₹179 crore in March 2020 to ₹296 crore in March 2024, with the operating profit margin (OPM) stabilizing at 12-13% after a dip to 11% in 2022.
Other income witnessed a robust increase, rising from ₹4 crore in March 2020 to ₹20 crore in March 2024. Despite higher interest and depreciation costs, profit before tax climbed from ₹108 crore to ₹185 crore during this period. Net profit showed consistent growth, moving from ₹87 crore in March 2020 to ₹138 crore in March 2024, even as the tax rate increased slightly to 25%. Earnings per share (EPS) also rose steadily, from ₹7.18 to ₹10.85.
The Dividend Payout Ratio remained stable, reflecting the company’s commitment to rewarding shareholders. It increased from 11% in March 2020 to 16% in March 2021 and stayed at 15% between March 2023 and March 2024, indicating Greenlam Industries’ balanced approach to growth and shareholder returns. This performance highlights the company’s financial resilience and focus on sustained profitability.
FAQS
As of November 25th, 2024, the share price of Greenlam Industries is around INR ₹545.
It is unlikely for the share price of Greenlam Industries to reach INR 5000 by 2025. Such a target would require a massive and unrealistic growth rate.
As per our analysis, Greenlam Industries in 2025 is expected to trade between ₹473.72 and ₹723.40.
As per our analysis, Greenlam Industries share price target for 2030 would be somewhere between ₹1,200.49 and ₹1,865.33.
Also Read:
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- Schaeffler India Share Price Target 2025, 2026 to 2030
Conclusion
In conclusion, Greenlam Industries Ltd has demonstrated steady growth in its financial performance, shareholding patterns, and market presence. The company’s sales have consistently increased, supported by strong operational strategies, even amidst rising expenses and financial costs. Operating profit margins have stabilized, reflecting efficient management, while net profits and shareholder rewards like dividends have remained consistent.
The shareholding trends from September 2023 to September 2024 indicate stable promoter ownership, gradual growth in DII participation, and fluctuations in public and FII holdings, signifying balanced investor confidence. Greenlam’s stock price projections for 2024 to 2030 suggest a promising upward trend, underpinned by its innovative product offerings and expanding global footprint. These factors collectively position Greenlam Industries Ltd as a key player in the surface décor and building materials sector.
What did we learn?
- 1 Shareholdings Patterns of Greenlam Industries
- 2 How to Purchase Greenlam Industries Shares?
- 3 Greenlam Industries Share Price Prediction 2024, 2025 to 2030
- 3.1 Greenlam Industries Share Price Prediction 2024
- 3.2 Greenlam Industries Share Price Target 2025
- 3.3 Greenlam Industries Share Price Target 2026
- 3.4 Greenlam Industries Share Price Prediction 2027
- 3.5 Greenlam Industries Share Price Prediction 2028
- 3.6 Greenlam Industries Share Price Target 2029
- 3.7 Greenlam Industries Share Price Prediction 2030
- 4 Greenlam Industries Financial Condition
- 5 FAQS
- 6 Conclusion
