Greenlam Industries Stock Forecast

Stock Price Forecast

According to 12 analysts polled by S&P Global, Greenlam Industries stock has a consensus rating of "Buy" and an average price target of ₹258.58. The average 1-year stock price forecast is 2.51% higher than the current stock price, while the lowest is ₹225.00 (-10.80%) and the highest is ₹297.00 (+17.74%).

Price Target: ₹258.58 (+2.51%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	₹225.00	₹258.58	₹260.50	₹297.00
Change	-10.80%	+2.51%	+3.27%	+17.74%

* Price targets were last updated on Feb 2, 2026.

Analyst Ratings

The average analyst rating for Greenlam Industries stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	5	3	2	2	4	4
Buy	2	3	3	3	3	3
Hold	3	4	4	4	3	3
Sell	3	3	3	3	2	2
Strong Sell	0	0	0	0	0	0
Total	13	13	12	12	12	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst ICICI Securities No rating	ICICI Securities	Buy Maintains ₹310.00	Buy	Maintains	₹310.00	+22.89%	Feb 2, 2026

Financial Forecast

Revenue This Year

35.82B

from 30.46B

17.61%

from 30.46B

Revenue Next Year

40.35B

from 35.82B

12.62%

from 35.82B

EPS This Year

6.14

from 2.35

161.00%

from 2.35

EPS Next Year

9.72

from 6.14

58.35%

from 6.14

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	17.03B	20.26B	23.06B	25.69B	30.46B	35.82B
Revenue Growth	42.00%	18.94%	13.84%	11.40%	18.56%	17.61%
Gross Profit	7.37B	9.23B	11.93B	13.12B	16.33B	18.55B
Gross Margin	43.28%	45.54%	51.74%	51.06%	53.62%	51.78%
Operating Income	1.29B	1.70B	2.09B	1.61B	1.83B	2.72B
Net Income	907.33M	1.29B	1.38B	696.90M	562.60M	1.58B
EPS	-	-	-	-	2.35	6.14
EPS Growth	-	-	-	-	-12.27%	161.00%
Forward PE	32.30	28.99	38.65	38.00	36.10	41.11
Dividend / Share	0.60	0.75	0.83	0.40	0.40	1.00
Dividend Growth	-	25.00%	10.00%	-51.52%	-	150.00%
Free Cash Flow	-416.91M	-2.59B	-5.06B	-1.46B	608.74M	2.02B
No. Analysts	-	-	-	-	-	9

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	37.0B
Avg	35.8B
Low	35.1B

Revenue Growth

Revenue Growth	2027	2028	2029
High	21.6%
Avg	17.6%
Low	15.1%

EPS Forecast

EPS	2027	2028	2029
High	8.80
Avg	6.14
Low	5.00

EPS Growth

EPS Growth	2027	2028	2029
High	274.3%
Avg	161.0%
Low	112.7%