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    538979   INE544R01013

GREENLAM INDUSTRIES LIMITED

(538979)
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Greenlam Industries Limited Approves Issuance of Non-Convertible Debt Securities for an Amount Up to INR 1,500 Million on Private Placement Basis

10/26/2021 | 05:26am EST

The Board of Directors of Greenlam Industries Limited in their meeting held on October 26, 2021, have approved the issuance of Non-Convertible Debt Securities for an amount up to INR 1,500 million on Private Placement basis in one or more tranches. Tenure of the instrument - date of allotment and date of maturity - Up to 4 years from the date of allotment. The deemed date of allotment and date of maturity will be finalized post fulfillment of Conditions precedent to the issue. Coupon/interest offered, schedule of payment of coupon/interest and principal - Maximum coupon payable shall be 8% p.a. payable annually. The Non-Convertible Debt Securities shall be secured by first pari-passu charge on movable fixed assets of the Company, present and future; first pari-passu charge on immovable fixed assets of the Company situated at Behror (Rajasthan) and Nalagarh (Himachal Pradesh) and second pari-passu charge on current assets of the Company, present and future. In case of default in repayment of Interest and/or principal redemption on due dates, additional interest up to 2.00% p.a. over the coupon rate will be payable by the Company for the defaulting period.


ę S&P Capital IQ 2021
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Financials
Sales 2022 17 700 M 237 M 237 M
Net income 2022 1 047 M 14,0 M 14,0 M
Net Debt 2022 - - -
P/E ratio 2022 43,2x
Yield 2022 0,35%
Capitalization 45 213 M 608 M 607 M
Capi. / Sales 2022 2,55x
Capi. / Sales 2023 2,41x
Nbr of Employees 1 900
Free-Float 24,4%
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Technical analysis trends GREENLAM INDUSTRIES LIMITED
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Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 1 873,25 INR
Average target price 1 856,00 INR
Spread / Average Target -0,92%
EPS Revisions
Managers and Directors
Saurabh Mittal Chief Executive Officer, MD & Executive Director
Ashok Kumar Sharma Chief Investor Relations Officer
Shiv Prakash Mittal Non-Executive Chairman
Prakash Kumar Biswal Secretary, VP-Legal & Compliance Officer
Prashant P. Srivastava Vice President-HR, Administration & CSR
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