{"id":103536,"date":"2023-05-29T13:09:51","date_gmt":"2023-05-29T07:39:51","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=103536"},"modified":"2023-05-29T14:27:30","modified_gmt":"2023-05-29T08:57:30","slug":"laminates-manufacturer-stock-gains-up-to-20-after-reporting-robust-results","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/laminates-manufacturer-stock-gains-up-to-20-after-reporting-robust-results\/","title":{"rendered":"Laminates manufacturer stock gains up to 20% after reporting robust results\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-528672745\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of Greenlam Industries gained 20 per cent on Monday\u2019s early trades to reach an intraday high of \u20b9 376.25 apiece on the National Stock Exchange (NSE), after the company reported robust results for the quarter and year ended on March 31, 2023. At 12:12 PM, its shares were trading at \u20b9 357.00, up 13.86 per cent.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3256254838\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Greenlam Industries manufactures laminates, decorative veneers, engineered wood flooring and allied products. It imports raw materials for manufacturing and sells the manufactured goods in both domestic and overseas markets.&nbsp;<\/p><p>In the latest quarter, the company reported net revenue at \u20b9 533.8 crores, indicating a growth of 15.2 per cent year on year (YoY). Its EBITDA (earnings before interest, taxes, depreciation, and amortization) came in at 74.1 crores, up 49.4 per cent YoY and net profit at \u20b9 46.1 crores, up 79.7 per cent YoY.&nbsp;<\/p><p>For the entire year (FY23), Greenlam Laminates posted revenue of \u20b9 2026.0 crores, translating to an 18.9 per cent growth YoY. It reported EBITDA at \u20b9 232.9 crores, up 24.5 per cent YoY and net profit at \u20b9 128.0 crores, up 41.4 per cent YoY. Its net debt stood at \u20b9 312.00 crores on March 31, 2023, against \u20b9 148.1 crores in the previous year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-815708499\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In addition, the company has updated its manufacturing facility at Prantij, Gujarat and commercial production commenced on May 17, 2023. The plant\u2019s capacity has increased to 5.4 million sheets from 3.4 million sheets earlier. In the latest quarter, it witnessed tailwinds such as a significant softening of sea freight costs.&nbsp;<\/p><p>The company\u2019s management is expecting 20-25 per cent growth in the current financial year as new capacities come onstream and businesses continue to do well.&nbsp;<\/p><p>With a market capitalization of \u20b9 3,982 crores, Greenlam Industries is a small-cap company. It has a return on equity of 14.78 per cent and an ideal debt-to-equity ratio of 0.44. The company\u2019s shares were trading at a price-to-earnings ratio (P\/E) of 35.72 and it has a dividend yield of 0.38 per cent.&nbsp;<\/p><p>Greenlam Industries\u2019 promoters hold a 51.22 per cent stake in it followed by retail investors with 34.27 per cent, mutual funds with 13.07 per cent and foreign institutions with 1.44 per cent.&nbsp;<\/p><p><strong>Written By Simran Bafna&nbsp;<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-280087380\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of Greenlam Industries gained 20 per cent on Monday\u2019s early trades to reach an intraday high of \u20b9 376.25 apiece on the National Stock Exchange (NSE), after the company reported robust results for the quarter and year ended on March 31, 2023. At 12:12 PM, its shares were trading at \u20b9 357.00, up 13.86 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":103300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-103536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Laminates manufacturer stock gains up to 20% after reporting robust results\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of Greenlam Industries gained 20 per cent on Monday\u2019s early trades to reach an intraday high of \u20b9 376.25 apiece on the National Stock Exchange (NSE), after the company reported robust results for the quarter and year ended on March 31, 2023. 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