Greenlam Industries Limited is a prominent India-based company engaged in the manufacturing of laminates, decorative veneers, and allied products. With factories located in Behror and Nalagarh, the company offers a comprehensive range of surfacing solutions including compact panels, cladding solutions, restroom cubicle/locker solutions, kitchen solutions, decorative veneers, engineered wooden flooring, staircase solutions, and engineered wooden door sets, in addition to its core decorative laminates. Founded in 1993 and headquartered in New Delhi, Greenlam Industries stands as one of India's leading interior infrastructure companies.
The company's offerings are characterized by a blend of aesthetic design, durability, and sustainability, catering to both residential and commercial spaces. Greenlam operates through three primary segments: Laminates & Allied Products, Veneers & Allied Products, and Plywood, with a significant global presence.
As of the latest available data, Greenlam Industries boasts a market capitalization of ₹6,098 Crore, positioning it as a significant player in the building materials sector. The company has strategically diversified its operations across multiple product categories and geographical regions.
For FY25, Greenlam reported an 11% revenue growth, though profit saw a decline attributed to capital expenditure costs associated with new plant commissioning and ongoing ramp-up. While Q4 FY25 revenue increased by 9.2% and FY25 revenue by 11.4%, net profit declined by 96.3% and 50.5% respectively for these periods. This dip in profitability is largely due to the operational expenses tied to expanding production capacity.
In the trailing 12-month period, Greenlam Industries has achieved an operating revenue of Rs. 2,511.65 Crore. The company has demonstrated a healthy annual revenue growth of 14% and a pre-tax margin of 8%, with a good Return on Equity (ROE) of 12%. However, its debt-to-equity ratio stands at 60%, which is considered somewhat higher.
Despite rising operational costs from a new plant, the company showed resilience in Q2 FY25, with consolidated net revenue reaching Rs. 680 crores, marking a 12.8% year-on-year growth.
Greenlam offers a diverse and extensive product range categorized as follows:
- Laminates & Allied Products:
- High-Pressure Laminates
- Compact Panels (Standard, Lab Guardian, Restroom & Locker Solutions)
- Clads - Facade Panels
- Stratus Kitchen Solutions
- Melamine Faced Chip Board
- Veneer & Allied Products:
- Decorative Veneer (Natural, Teak, Engineered)
- Engineered Wooden Flooring
- Matching Flooring Accessories
- Engineered Wooden Doors & Doorsets
- Plywood & Allied Products:
- Plywood
- Blockboard
- Upcoming Product Category:
- Particle Board
The company markets its products under established brand names including Greenlam Laminates, New Mika, Decowood, Greenlam Sturdo, Greenlam Clads, Mikasa Floors, and Mikasa Doors & Frames. Its customer base spans across institutions, the hospitality sector, the healthcare segment, luxury retail, and fast-food chains.
The Board of Greenlam Industries, in its meeting on March 24, 2025, approved the allotment of 12,75,73,851 equity shares of Re. 1 each as fully paid-up bonus equity shares. This bonus issue was in the proportion of 1:1, with one new share issued for every existing share held as of March 21, 2025 (the 'Record Date').
The promoters of Greenlam Industries Ltd are Sm Greenlam Investments Private Limited and Saurabh Mittal, collectively holding 46.91% of the total equity. Mr. Shiv Prakash Mittal serves as the Chairman of the company. There are no reported instances of promoter pledging.
Greenlam Industries has successfully established a strong global footprint. It operates through two overseas wholly-owned subsidiary companies: Greenlam Asia Pacific Pte Ltd and Greenlam America Inc. Domestically, it has two subsidiaries: Greenlam South Ltd (wholly owned) and HG Industries Limited (holding 74.91% shares). Recently, the company incorporated a new subsidiary in Egypt named 'GRLAM TRADING' to operate as a distributor and wholesaler of high-pressure laminates and other paper/wood-based products, holding a 100% shareholding in this new entity.
While facing challenges such as increased depreciation and interest expenses, Greenlam Industries maintains an optimistic outlook for future growth. The company anticipates significant contributions from its flooring and door segments, bolstered by upcoming real estate projects. Its strategic focus includes enhancing market share, particularly in the premium plywood segment, and implementing effective cost management strategies to sustain gross margins.
The company has also announced a record date of June 20, 2025, for a final dividend of Re. 0.40 per share, subject to approval at the AGM on July 31, 2025. This move underscores the company's commitment to shareholder value even amidst a dynamic operational environment.
