Add Greenlam Industries, target price Rs 585: HDFC Securities

HDFC Securities has add call on Greenlam Industries with a target price of Rs 585. The current market price of Greenlam Industries is Rs 479.75.
Greenlam Industries Ltd., incorporated in the year 2013, is a Small Cap company (having a market cap of Rs 6228.16 Crore) operating in Building Materials sector.

Greenlam Industries Ltd. key Products/Revenue Segments include Decorative Laminates, Decorative Veneer, Export Incentives, Engineered Wood Flooring, Engineered Door Sets & Door Leaf, Others, Melamine Faced Chipboards, Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 566.47 Crore, down -7.06 % from last quarter Total Income of Rs 609.48 Crore and up 11.20 % from last year same quarter Total Income of Rs 509.42 Crore. Company reported net profit after tax of Rs 25.26 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 50.98 per cent stake in the company as of 31-Dec-2023, while FIIs owned 1.28 per cent, DIIs 15.54 per cent.