Investec On Greenlam (Management Meet)

Maintain Hold, TP Rs 240 Company reiterated its top-line growth guidance of 18-20% over the next couple of years, along with an EBITDAM target of 13-14%. Build in more conservative assumptions relative to management guidance, factoring in weak demand conditions and cost headwinds. Laminates segment continues to perform well other growth drivers remain a drag on overall performance. Management also indicated its intent to enter the mass plywood segment, which could support capacity utilization.

GREENLAM INDUSTRIES LTD.

← Back to feed