Greenlam Industries Limited Overview
Pro stress-test →Greenlam Industries Ltd. is a surfacing and substrate products manufacturer based in India providing laminates, Plywood, exterior & interior clads, decorative veneers, particle board and engineered wooden floors & doors for residential and commercial spaces. The company has a market cap of 6,098 Crore with revenue of 2,870 Cr and profit of 16.9 Cr.
Strategic Profile
Pro stress-test →Greenlam targets 18% revenue growth in FY26 through strategic expansions and plans to enhance capacity utilization to achieve its growth target. The company achieved an impressive revenue growth of 18.7% in Q2 FY 2026, surpassing Rs. 800 crores, driven largely by robust performance of its Laminates segment. However, the company has net debt of ₹9.84b with a debt to EBITDA ratio of 3.9 and weak interest cover of 1.8.
Competitive Landscape
Pro stress-test →Over the last 5 years, revenue has grown at a yearly rate of 14.26%, vs industry avg of 13.95%. Market share decreased from 78.39% to 57.68%, indicating intensifying competition in the decorative laminates and wood products space. Primary competitors include Greenply Industries (parent company origin), Century Ply, and Merino Industries in the laminates/plywood segments.
Industry Context
Greenlam Industries Limited operates in Building Materials - Decorative Laminates & Wood Products.
Key facts
Founded: 2013 · Headquarters: Behror, Rajasthan, India · Revenue: ₹2,870 Crore (FY25 annualized) · Market cap: ₹6,098 Crore (~$730M)