Greenlam IndustriesNSE:GREENLAM +1.47%93 ROE % is 13.38% as of Mar. 2026, which is 13% below its 10-year median of 15.37. GuruFocus rates NSE:GREENLAM with a GF Score™ of 93/100 and a GF Value™ of ₹349.40 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 425 Furnishings, Fixtures & Appliances companies, Greenlam Industries ranks better than 52.24% on this metric.
The historical rank and industry rank for Greenlam Industries's ROE % or its related term are showing as below:
NSE:GREENLAM'
s ROE % Range Over the Past 10 Years
Min: 4.88 Med: 15.37 Max: 19.75
Current: 4.9
During the past 13 years, Greenlam Industries's highest ROE % was 19.75%. The lowest was 4.88%. And the median was 15.37%.
NSE:GREENLAM's ROE % is ranked better than 52.24% of 425
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 4.51
vs NSE:GREENLAM: 4.90
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Greenlam Industries ROE % Related Terms
Greenlam Industries ROE % Historical Data
* Premium members only.
The historical data trend for Greenlam Industries's ROE % 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.
For the Furnishings, Fixtures & Appliances subindustry, Greenlam Industries's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Greenlam Industries ROE % vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Greenlam Industries's ROE % distribution charts can be found below:
* The bar in red indicates where Greenlam Industries's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Greenlam Industries (NSE:GREENLAM) has a ROE % of 13.38% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Greenlam Industries and its competitors. This is 13% below median its historical median of 15.37. Over the past decade, Greenlam Industries' ROE % has ranged from 4.88 to 19.75. According to the industry distribution chart, Greenlam Industries ranks #203 out of 425 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 47.8%.
Is Greenlam Industries' ROE % too high?
Greenlam Industries' current ROE % of 13.38% is 13% below median its 10-year median of 15.37. Over the past 10 years, this metric has ranged from a low of 4.88 to a high of 19.75. The Furnishings, Fixtures & Appliances industry median ROE % is 4.51. Greenlam Industries' value of 13.38% is 196.7% above this industry median. Based on the distribution chart, Greenlam Industries ranks #203 out of 425 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. 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' ROE % compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Greenlam Industries ranks #203 out of 425 companies for ROE %. This puts Greenlam Industries in the upper half of its industry. The industry median ROE % is 4.51. Greenlam Industries' value of 13.38% is 196.7% above this benchmark. Historically, Greenlam Industries' own ROE % has ranged from 4.88 to 19.75 over the past decade. While the company's 10-year median is 15.37 vs. the industry median of 4.51, Greenlam Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Furnishings, Fixtures & Appliances company?
The median ROE % among Furnishings, Fixtures & Appliances companies is 4.51, based on 425 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Greenlam Industries's current ROE % of 13.38% is 196.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Greenlam Industries and its competitors. For the Furnishings, Fixtures & Appliances industry, the median ROE % is 4.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Greenlam Industries's current ROE % is 13.38%, which is 13% below median its own 10-year median of 15.37. 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 ₹349.40, compared to a current price of ₹259.15 — trading 25.8% below its estimated fair value. The current ROE % is 13.38%, which is 13% below median its 10-year median of 15.37 and 196.7% above the Furnishings, Fixtures & Appliances industry median of 4.51. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Greenlam Industries (NSE:GREENLAM), the current ROE % is 13.38% as of Mar. 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 ₹259.15 is trading 25.8% below its estimated GF Value™ of ₹349.40.
GuruFocus considers Greenlam Industries to be Modestly Undervalued.
Key valuation signals for NSE:GREENLAM:
ROE %: 13.38% (13% below median its 10-year median of 15.37)
GF Value™: ₹349.40 vs. price of ₹259.15 (25.8% below fair value)
Industry Position: 196.7% above the Furnishings, Fixtures & Appliances median (#203 of 425)
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 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
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:GREENLAM has been successfully added to your 
