Hold Greenlam Industries, target price Rs 320: JM Financial
Promoters held 51.22 per cent stake in the company as of 31-Dec-2022, while FIIs owned 1.44 per cent, DIIs 13.1 per cent.
By ETMarkets.com | Updated:
Agencies
JM Financial has hold call on Greenlam Industries with a target price of Rs 320. The current market price of Greenlam Industries is Rs 305.7. Time period given by analyst is a year when Greenlam Industries price can reach defined target.
Greenlam Industries, incorporated in the year 2013, is a Small Cap company (having a market cap of Rs 3898.04 Crore) operating in Building Materials sector.
Greenlam Industries 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 31-12-2022, the company has reported a Consolidated Total Income of Rs 509.42 Crore, down -2.64 % from last quarter Total Income of Rs 523.23 Crore and up 12.78 % from last year same quarter Total Income of Rs 451.68 Crore. Company has reported net profit after tax of Rs 28.18 Crore in latest quarter.
The company’s top management includes Mr.Shiv Prakash Mittal, Mr.Saurabh Mittal, Ms.Parul Mittal, Mr.Sandip Das, Ms.Matangi Gowrishankar, Mr.Yogesh Kapur. Company has S S Kothari Mehta & Co as its auditors. As on 31-12-2022, the company has a total of 13 Crore shares outstanding.
Promoters held 51.22 per cent stake in the company as of 31-Dec-2022, while FIIs owned 1.44 per cent, DIIs 13.1 per cent.
Greenlam Industries, incorporated in the year 2013, is a Small Cap company (having a market cap of Rs 3898.04 Crore) operating in Building Materials sector.
Greenlam Industries 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 31-12-2022, the company has reported a Consolidated Total Income of Rs 509.42 Crore, down -2.64 % from last quarter Total Income of Rs 523.23 Crore and up 12.78 % from last year same quarter Total Income of Rs 451.68 Crore. Company has reported net profit after tax of Rs 28.18 Crore in latest quarter.
The company’s top management includes Mr.Shiv Prakash Mittal, Mr.Saurabh Mittal, Ms.Parul Mittal, Mr.Sandip Das, Ms.Matangi Gowrishankar, Mr.Yogesh Kapur. Company has S S Kothari Mehta & Co as its auditors. As on 31-12-2022, the company has a total of 13 Crore shares outstanding.
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Promoter/FII Holdings Promoters held 51.22 per cent stake in the company as of 31-Dec-2022, while FIIs owned 1.44 per cent, DIIs 13.1 per cent.
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