Greenlam Industries Stock Research

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Greenlam Industries Detail

Greenlam Industries is in portfolio of Akash Bhansali. He is one of the top investors in India. The company belongs to Laminates sector.

As per the Company website it is the largest Laminate player in India. It is largest producer of Laminates in Asia and among top three laminates player in the World. It has market share of 18% in Organized laminates business in India.

It has distribution network of over 14,000 distributors, dealers and retailers across the country. In the international market, Greenlam is present in over 100 countries with its own marketing and distribution setup in over 13 countries.

It has two manufacturing centers one in Rajasthan and other one is Himachal Pradesh.Below are the product categories and brands under each product categories from the Company

  • Laminates
    • Greenlam Laminates
    • New Mika
  • Restroom cubicles and Lockers
    • Greenlam Sturdo
  • Clads
    • Greelam Clads
  • Melamine Faced Chip Boards or MFC (Prelam Particle Board)
  • Decorative Veneers
    • Decowood
  • Wooden Flooring
    • Mikasa
  • Engineered Doors and Frames
    • Mikasa
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I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.

Greenlam Industries Stock Performance

The stock is new list on exchanges. It got listed in year 2015 at listing price of 547. The stock performed well after listing and gave positive returns to investors. It gave more than 2 times return to investors in short span of time. The bull run in market did help the Company post significant gains on exchanges.

It is consistent dividend payer this also helps investors. The dividend yield may not be too good compared to many other companies out there.But consistent dividend payment is indication of good companies. The short term price performance should not be used to read much into Company but positive performance does help investors make up their mind.

Greenlam Industries My Opinion

Greenlam Industries is a Laminates Company. Laminates is not very old sector. It is one of the newer sector which is poised to grow in future. You can view it as Building materials items with application in housing and Furniture

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It is applicable for commercial housing as well as residential housing. The laminates market is growing with time and will continue to do so. The panels and furniture are the main growth drivers. But slowly people may opt for Floor and decorative laminates as well.

The floor solutions are better than marbel and other similar solutions due to temperature conduction. They are resilient to temperature conduction keeping floors insulated from seasonal temperature. Decorative laminates are used as Luxury as well.

Indian market are mostly unorganized in Laminates sector. It has 18% market share in Organized sector. There is potential to convert unorganized into Organized sector. The largest player in the market will get benefited.

I am actively tracking this Company to get more idea about it. The products segment Doors and Frames will also help Company generate more revenue. It also has presence in international market that will certainly help the Company as well.

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In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.

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