Greenlam Industries (NSE:GREENLAM) Operating Income: ₹2,189 Mil (TTM As of Jun. 2026)

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NSE:GREENLAM Greenlam Industries Ltd NSE:GREENLAM
93 GF Score
Price ₹244.17
GF Value ₹336.32
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Greenlam Industries Operating Income?

Greenlam Industries NSE:GREENLAM -0.23% 93 Operating Income is ₹2,189 Mil as of Jun. 2026. GuruFocus rates NSE:GREENLAM with a GF Score™ of 93/100 and a GF Value™ of ₹336.32 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Greenlam Industries's Operating Income for the three months ended in Jun. 2026 was ₹445 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₹2,189 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Greenlam Industries's Operating Income for the three months ended in Jun. 2026 was ₹445 Mil. Greenlam Industries's Revenue for the three months ended in Jun. 2026 was ₹7,967 Mil. Therefore, Greenlam Industries's Operating Margin % for the quarter that ended in Jun. 2026 was 5.58%.

Warning Sign:

Greenlam Industries Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -7.6%.

Greenlam Industries's 5-Year average Growth Rate for Operating Margin % was -7.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Greenlam Industries's annualized ROC % for the quarter that ended in Jun. 2026 was 5.25%. Greenlam Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 9.42%.


Greenlam Industries  (NSE:GREENLAM) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Greenlam Industries's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=1778 * ( 1 - 31.33% )/( (23247.8 + 0)/ 1 )
=1220.9526/23247.8
=5.25 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=30041.4 - 5640.5 - ( 1153.1 - max(0, 10139.1 - 12348.6+1153.1))
=23247.8

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Greenlam Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2016.4/( ( (17125.5 + max(4282.9, 0)) + (0 + max(0, 0)) )/ 1 )
=2016.4/( ( 21408.4 + 0 )/ 1 )
=2016.4/21408.4
=9.42 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2186.8 + 7639.3 + 858.2) - (5640.5 + 0 + 760.9)
=4282.9

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Greenlam Industries's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=444.5/7967
=5.58 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Greenlam Industries Operating Income Related Terms


Greenlam Industries Operating Income Historical Data

* Premium members only.

The historical data trend for Greenlam Industries's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Greenlam Industries Operating Income Chart

Greenlam Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,296.64 1,703.33 2,105.30 1,625.60 1,938.90

Greenlam Industries Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 89.60 688.90 325.00 730.60 444.50
NSE:GREENLAM
93GF Score
Greenlam Industries Ltd NSE:GREENLAM
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Greenlam Industries Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹2,189 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹2,189 Mil mean?
Greenlam Industries (NSE:GREENLAM) has a Operating Income of ₹2,189 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Greenlam Industries and its competitors.
Is Greenlam Industries' Operating Income too high?
Greenlam Industries' current Operating Income is ₹2,189 Mil. Overall, Greenlam Industries has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Greenlam Industries' Operating Income compare to SN and SGI?
Greenlam Industries' Operating Income of ₹2,189 Mil can be compared against companies in the Furnishings, Fixtures & Appliances industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Furnishings, Fixtures & Appliances company?
A good Operating Income depends on the Furnishings, Fixtures & Appliances industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Greenlam Industries and its competitors. Greenlam Industries's current Operating Income is ₹2,189 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Greenlam Industries stock overvalued right now?
Based on GuruFocus' analysis, Greenlam Industries (NSE:GREENLAM) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹336.32, compared to a current price of ₹244.17 — trading 27.4% below its estimated fair value. The current Operating Income is ₹2,189 Mil. Greenlam Industries' overall GF Score™ is 93/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Greenlam Industries (NSE:GREENLAM), the current Operating Income is ₹2,189 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Greenlam Industries (NSE:GREENLAM) Overvalued in 2026?

Based on GuruFocus' analysis, Greenlam Industries stock appears to be undervalued. The current stock price of ₹244.17 is trading 27.4% below its estimated GF Value™ of ₹336.32. GuruFocus considers Greenlam Industries to be Modestly Undervalued.

Key valuation signals for NSE:GREENLAM:

  • Operating Income: ₹2,189 Mil
  • GF Value™: ₹336.32 vs. price of ₹244.17 (27.4% below fair value)
  • GF Score™: 93/100 with 5 warning signs

No single metric tells the full story. See the NSE:GREENLAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Greenlam Industries Business Description

Other Exchanges 538979:India
Address Worldmark 1, Aerocity, 203, 2nd Floor. West Wing, IGI Airport Hospitality District, New Delhi, IND, 110 037
Greenlam Industries Ltd d in the business of manufacturing laminates, decorative veneers, engineered wooden Flooring and Doors, and Plywood and allied products through its factories. The firm offers its products under the Greenlam Laminates, Greenlam Clads, NewMika Laminates, NewMika FX, Mikasa Decowood Veneers, and Other brand names. The operating segments of the company are Laminate and Allied products, Veneer and Allied products, and Plywood and Allied products. It generates the majority of its revenue from the Laminate and Allied products segment, which is engaged in the business of manufacturing Laminates and compact laminates. Geographically, the group has a business presence in India and Outside India, of which a majority of its revenue is derived from India.
93GF Score

Get the complete analysis for NSE:GREENLAM

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹244.17
Price
₹336.32
GF Value