Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Greenlam Industries Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 534 | 515 | 604 | 563 | 624 | 605 | 681 | 602 | 682 | 674 | 808 | 706 | 858 |
| Expenses + | 460 | 451 | 528 | 492 | 541 | 541 | 599 | 538 | 618 | 630 | 704 | 638 | 749 |
| Operating Profit | 74 | 64 | 76 | 71 | 84 | 64 | 81 | 64 | 64 | 44 | 104 | 68 | 108 |
| OPM % | 14% | 12% | 13% | 13% | 13% | 11% | 12% | 11% | 9% | 7% | 13% | 10% | 13% |
| Other Income + | 4 | 4 | 6 | 3 | 9 | 3 | 8 | 1 | 0 | 2 | 1 | -4 | 2 |
| Interest | 6 | 7 | 9 | 14 | 13 | 14 | 16 | 16 | 20 | 26 | 24 | 23 | 23 |
| Depreciation | 17 | 17 | 19 | 24 | 26 | 26 | 27 | 27 | 33 | 35 | 36 | 36 | 35 |
| Profit before tax | 55 | 44 | 53 | 35 | 53 | 27 | 47 | 21 | 11 | -14 | 46 | 6 | 52 |
| Tax % | 16% | 24% | 26% | 29% | 23% | 26% | 27% | 41% | 86% | 8% | 31% | 111% | 22% |
| Net Profit + | 46 | 33 | 39 | 25 | 41 | 20 | 34 | 13 | 1 | -16 | 32 | -1 | 41 |
| EPS in Rs | 1.82 | 1.30 | 1.54 | 0.99 | 1.61 | 0.79 | 1.36 | 0.50 | 0.08 | -0.60 | 1.27 | -0.01 | 1.55 |
Financials of Greenlam Industries Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 926 | 1,030 | 1,076 | 1,145 | 1,281 | 1,321 | 1,200 | 1,703 | 2,026 | 2,306 | 2,569 | 3,046 |
| Expenses + | 833 | 900 | 937 | 996 | 1,122 | 1,142 | 1,026 | 1,516 | 1,793 | 2,010 | 2,295 | 2,721 |
| Operating Profit | 93 | 130 | 139 | 149 | 159 | 179 | 174 | 188 | 233 | 296 | 275 | 325 |
| OPM % | 10% | 13% | 13% | 13% | 12% | 14% | 14% | 11% | 12% | 13% | 11% | 11% |
| Other Income + | 2 | 3 | 2 | 2 | 1 | 4 | -5 | 4 | 18 | 20 | 11 | 2 |
| Interest | 33 | 35 | 29 | 18 | 17 | 22 | 17 | 14 | 23 | 44 | 65 | 96 |
| Depreciation | 33 | 35 | 37 | 36 | 37 | 52 | 56 | 58 | 63 | 87 | 114 | 142 |
| Profit before tax | 28 | 62 | 76 | 97 | 106 | 108 | 96 | 119 | 164 | 185 | 106 | 89 |
| Tax % | 32% | 40% | 34% | 33% | 27% | 20% | 23% | 24% | 22% | 25% | 36% | 37% |
| Net Profit + | 19 | 38 | 50 | 65 | 77 | 87 | 74 | 91 | 129 | 138 | 68 | 56 |
| EPS in Rs | 0.80 | 1.56 | 2.06 | 2.68 | 3.19 | 3.59 | 3.05 | 3.76 | 5.07 | 5.42 | 2.73 | 2.20 |
| Dividend Payout % | 6% | 6% | 7% | 9% | 9% | 11% | 16% | 16% | 15% | 15% | 15% | 0% |
Financials of Greenlam Industries Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 13 | 13 | 26 | 26 |
| Reserves | 208 | 233 | 286 | 344 | 416 | 489 | 561 | 642 | 945 | 1,064 | 1,101 | 1,154 |
| Borrowings + | 393 | 365 | 298 | 252 | 270 | 294 | 307 | 398 | 628 | 1,109 | 1,199 | 1,160 |
| Other Liabilities + | 230 | 260 | 194 | 216 | 229 | 309 | 291 | 324 | 449 | 539 | 576 | 664 |
| Total Liabilities | 842 | 871 | 791 | 823 | 927 | 1,104 | 1,172 | 1,376 | 2,035 | 2,726 | 2,902 | 3,004 |
| Fixed Assets + | 328 | 353 | 324 | 331 | 330 | 429 | 413 | 468 | 506 | 986 | 1,749 | 1,710 |
| CWIP | 9 | 4 | 5 | 1 | 22 | 17 | 18 | 9 | 380 | 611 | 28 | 9 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 106 | 161 | 242 | 147 | 56 | 52 |
| Other Assets + | 505 | 514 | 462 | 492 | 575 | 658 | 634 | 739 | 907 | 981 | 1,068 | 1,233 |
| Total Assets | 842 | 871 | 791 | 823 | 927 | 1,104 | 1,172 | 1,376 | 2,035 | 2,726 | 2,902 | 3,004 |
Financials of Greenlam Industries Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 118 | 116 | 185 | 109 | 64 | 96 | 213 | 71 | 169 | 194 | 205 | 292 |
| Cash from Investing Activity + | -100 | -53 | -22 | -38 | -57 | -54 | -154 | -136 | -535 | -527 | -167 | -80 |
| Cash from Financing Activity + | -12 | -63 | -160 | -69 | -6 | -22 | -71 | 62 | 366 | 350 | -28 | -191 |
| Net Cash Flow | 5 | -0 | 3 | 2 | 1 | 20 | -12 | -3 | 0 | 17 | 10 | 21 |
| Free Cash Flow | 17 | 64 | 161 | 70 | 7 | 42 | 163 | -14 | -297 | -440 | -61 | 204 |
| CFO/OP | 138% | 99% | 144% | 94% | 62% | 70% | 138% | 56% | 88% | 81% | 93% | 104% |
Financials of Greenlam Industries Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 72 | 65 | 54 | 54 | 50 | 38 | 41 | 28 | 26 | 24 | 22 | 26 |
| Inventory Days | 160 | 168 | 147 | 156 | 163 | 202 | 229 | 195 | 174 | 204 | 198 | 197 |
| Days Payable | 129 | 128 | 83 | 96 | 86 | 91 | 135 | 99 | 93 | 117 | 123 | 131 |
| Cash Conversion Cycle | 103 | 105 | 117 | 115 | 128 | 149 | 135 | 123 | 106 | 112 | 97 | 92 |
| Working Capital Days | 38 | 24 | 25 | 35 | 43 | 40 | 34 | 37 | 16 | 1 | 9 | 19 |
| ROCE % | 20% | 16% | 17% | 19% | 19% | 18% | 15% | 14% | 14% | 12% | 7% | 8% |