Greenlam Industries — Peer Comparison

How the peer fair value is calculated and which companies were used as benchmarks.

Peer selection

Peers are selected from the same Others sector. 8 companies were matched as valid comparables.

Same-industry peers share similar business models, cost structures, and growth prospects — making them the most appropriate benchmarks for valuation multiples. Industry-level matches were unavailable, so sector-level peers were used instead.

Peer comparison table

Others · 8 peers · sector medians shown

Better than medianWorse than median

Company	Mkt Cap	P/E	P/B	EV/EBITDA	ROE	Net Margin	Rev CAGR 3y
Greenlam Industries GREENLAM · you	₹2,587 Cr	100.1×	4.8×	9.9×	4.8%	1.8%	14.6%
Sector median	—	26.8×	3.2×	13.4×	15.8%	3.6%	6.6%
Kilburn Engineering Limited KLBRENG-B	₹16,204 Cr	—	2.3×	-1.9×	-34.3%	-2.8%	16.0%
Tips Music Limited TIPSMUSIC	₹9,280 Cr	38.0×	31.7×	32.8×	83.4%	57.7%	26.2%
Bajaj Consumer Care Limited BAJAJCON	₹7,783 Cr	44.0×	11.3×	33.4×	25.2%	16.3%	6.6%
JK Paper Limited JKPAPER	₹6,977 Cr	26.8×	1.3×	9.3×	4.8%	3.8%	3.2%
Quess Corp Limited QUESS	₹5,439 Cr	16.8×	3.2×	16.8×	19.0%	1.4%	-3.7%
West Coast Paper Mills Limited WSTCSTPAPR	₹4,000 Cr	22.6×	0.9×	7.2×	4.2%	3.5%	-4.6%
Shankara Buildpro Limited BUILDPRO	₹3,010 Cr	19.6×	4.6×	13.4×	23.4%	1.9%	—
Metropolis Healthcare Limited METROPOLIS	₹2,954 Cr	58.8×	7.4×	7.0×	12.6%	11.5%	12.8%

Peer comparison verdict

Greenlam trades at a premium to sector peers on P/E (100.1× vs median 26.8×). The market is pricing in higher growth — worth verifying whether recent revenue trends support that expectation.

How the peer fair value is calculated

Three valuation methods are weighted by sector. Each gives a fair value based on how sector peers are currently priced.

Method breakdown

35% weight · 7 peers

Sector median PE26.8×

Fair value via PE₹57

25% weight · 7 peers

Sector median PB3.2×

Fair value via PB₹143

EV/EBITDA

40% weight · 7 peers

Sector median EV/EBITDA13.4×

Fair value via EV/EBITDA₹290

Blended peer fair value₹172

Why median? Why these weights?

Median over mean: The sector median is used instead of the average because valuation multiples have extreme outliers — one high-growth company at 200× P/E would dramatically skew a mean. The median gives the middle value in the peer set, which better represents typical pricing.

Sector-specific weights: The weight given to each method reflects what matters most in this sector. For banks, P/B dominates because their value is tied to book assets. For IT companies, P/E carries the most weight because earnings quality matters more than asset base. For capital-intensive businesses, EV/EBITDA accounts for varying debt levels across peers and removes financing structure bias.

Limitations of peer comparison

Peer comparison assumes comparable companies are truly comparable — which is never perfectly true. Sector classifications can be imperfect: a conglomerate classified as "IT" may also have significant manufacturing revenue. Small peer counts (below 5) reduce confidence, as a single outlier can skew the sector median. When the entire sector is broadly expensive, peer comparison will show even an expensive stock as "fairly valued" relative to its peers.

The peer fair value shown is an algorithmic estimate based on publicly available financial data. It is not investment advice or a recommendation to buy, sell, or hold any security. Please consult a SEBI-registered investment adviser before making any investment decision.