Decowood Veneers

New Delhi, India Founded: 2002 • Age: 24 yrs Listed
Decowood manufactures and supplies wood veneers for homes, offices, and commercial designs.
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About Decowood Veneers

Decowood Veneers is a publicly listed company based in New Delhi (India) founded in 2002. Decowood manufactures and supplies wood veneers for homes, offices, and commercial designs. It operates on a B2B model. The company has 2,520 employees. Its Indian entity Greenlam Industries Limited reported revenue of ₹3,054 Cr. Decowood Veneers offers products and services including Wood Veneer Sheets, Engineered Teak, and Natural Veneers. Its focus areas include Manufacturing, Wood Products, Veneers and Decorative.

Company details

Decowood, under Greenlam Industries Limited, produces a wide range of high-quality wooden veneers and textures. Based in New Delhi, India, with hubs in Behror and Mumbai, they serve architects, interior designers, and homeowners. Their products include natural, engineered, and teak options, emphasizing sustainability and innovation in wood craftsmanship for residential and commercial spaces.

  • Headquarters New Delhi, India
  • Employees 2,520
  • Stage Public
  • Sectors
    Real Estate & Construction
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website decowoodveneers.com
  • Social X Facebook Instagram
  • Legal Name Greenlam Industries Limited
  • Date of Incorporation 12 Aug, 2013
  • Jurisdiction New Delhi, Delhi, India
Operational Areas
Real Estate & Construction → Building Materials
Key Metrics
  • Market Cap
    ₹5,361 Cr

    GREENLAM · NSE

  • Share Price
    ₹208.94

    -0.56% today

  • Revenue
    ₹3,046 Cr

    FY 2025-26 · +18.6% YoY

  • EBITDA
    ₹319 Cr

    Margin 10.5%

  • Net Profit
    ₹57.84 Cr

    FY 2025-26 · -8.3% YoY

  • P/E (TTM)
    59.8x

    P/B 4.6x

  • ROE
    4.9%

    ROCE 7.9%

  • Debt / Equity
    1.02

    Interest cover 54.3x

  • Employee Count
    2,520

Products & Services of Decowood Veneers

Decowood Veneers offers a comprehensive portfolio of products and services, including Wood Veneer Sheets, Engineered Teak, and Natural Veneers.

Wood Veneer Sheets
Building Materials

High-grade sheets for architectural and design applications

Engineered Teak
Wood Products

Specially designed teak veneers for durable finishes

Natural Veneers
Wood Finishes

Authentic wood textures for home and commercial use

Apps and channels of Decowood Veneers

Decowood Veneers publishes 1 mobile app.

Decowood Veneers
App Store Lifestyle 4+
Developer: Greenlam Industries Limited
View on App Store

Board of directors of Greenlam Industries Limited (Decowood Veneers)

Greenlam Industries Limited is the primary company behind Decowood Veneers. The board of Greenlam Industries Limited currently have 8 directors; the longest-serving is Shiv Prakash Mittal, appointed in 2013. 7 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Shiv Prakash Mittal
DIN 00237242
Director12 Aug 201313 yrs 2 moGreenlam Industries Limited
Saurabh Mittal
DIN 00273917
Managing Director12 Aug 201313 yrs 2 moGreenlam Industries Limited
Parul Mittal
DIN 00348783
Whole-time director24 Aug 201511 yrs 2 moGreenlam Industries Limited
Sandip Das
DIN 00116303
Director13 Jun 20197 yrs 4 moGreenlam Industries Limited
Matangi Gowrishankar
DIN 01518137
Director28 Aug 20206 yrs 1 moGreenlam Industries Limited
Yogesh Kapur
DIN 00070038
Director12 Aug 20215 yrs 2 moGreenlam Industries Limited
Rahul Chhabra
DIN 10041446
Director21 May 20233 yrs 5 moGreenlam Industries Limited
Jalaj Ashwin Dani
DIN 00019080
Director29 Jun 20233 yrs 3 moGreenlam Industries Limited

IPO & Listings of Decowood Veneers

Decowood Veneers is a publicly listed company on the NSE with ticker symbol GREENLAM in India, operating in the Plywood Boards/Laminates sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • Listed onNSE: GREENLAM
  • Listed entityGreenlam Industries Limited
  • Exchange sectorPlywood Boards/Laminates

Financials of Decowood Veneers

Exchange-reported figures of Greenlam Industries Limited, the listed company behind Decowood Veneers (NSE: GREENLAM).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹3,046 Cr
+18.6% YoY
EBITDA
₹319 Cr
+16.1% YoY
Profit After Tax
₹57.84 Cr
-8.3% YoY
Net Worth
₹1,179 Cr
+4.6% YoY
Total Assets
₹2,359 Cr
+0.7% YoY
Total Debt
₹1,160 Cr
-3.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3,0462,5692,3062,0261,7031,2001,321
Revenue growth+18.6%+11.4%+13.8%+18.9%+42.0%-9.2%-
EBITDA319275295233184161178
EBITDA margin+10.5%+10.7%+12.8%+11.5%+10.8%+13.4%+13.5%
Profit before tax89.2810618516411995.96108
Net profit57.8463.0613712592.1082.7487.25
Net profit margin+1.9%+2.5%+6.0%+6.2%+5.4%+6.9%+6.6%
EPS (₹)2.212.7310.8510.137.5230.5635.91
Balance sheet
Total assets2,3592,3432,2001,5971,063892869
Net worth1,1791,1271,077958654573501
Total debt1,1601,1991,109628398307294
Cash & bank63.9742.6132.9316.0515.7818.7330.74
Net working capital543478416339391309383
Cash flow
Cash from operations29221019416971.1621396.26
Cash from investing(79.97)(167)(527)(535)(136)(154)(53.80)
Cash from financing(191)(33.86)35036662.22(70.87)(22.06)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue797858706808674682602681
Revenue growth (YoY)+18.2%+25.8%+17.3%+18.7%+11.4%---
Other income5.962.042.541.222.450.001.318.16
EBITDA79.8510862.0710444.0864.0063.5481.43
EBITDA margin+10.0%+12.6%+8.8%+12.9%+6.5%+9.4%+10.6%+12.0%
Depreciation35.4035.1635.7335.5035.1233.3327.2726.81
Interest19.4823.0423.3023.9925.8919.9116.2515.53
Profit before tax30.9352.065.5846.12(14.48)10.7621.3347.25
Tax9.6911.516.1714.351.239.298.7912.80
Net profit21.2440.55(0.59)31.77(15.71)1.4712.5434.45
EPS (₹)0.831.59(0.02)1.25(0.62)0.060.982.70
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,4152,2072,1241,8511,5591,1261,227
Revenue growth+9.4%+3.9%+14.7%+18.7%+38.5%-8.2%-
EBITDA275250265195160151161
EBITDA margin+11.4%+11.4%+12.5%+10.5%+10.3%+13.4%+13.1%
Profit before tax18115218914811087.11114
Net profit14110714611786.2275.6993.24
Net profit margin+5.8%+4.9%+6.9%+6.3%+5.5%+6.7%+7.6%
EPS (₹)5.434.4111.439.527.0727.7038.38
Balance sheet
Total assets1,8471,7111,5851,3861,012845809
Net worth1,2681,1371,046921632558491
Total debt564557526455370275250
Cash & bank21.8219.8518.157.028.5410.8925.29
Net working capital311327351314331253323
Cash flow
Cash from operations26724321815451.03190129
Cash from investing(212)(197)(160)(383)(122)(154)(78.95)
Cash from financing(52.82)(44.57)(47.07)22768.53(50.43)(30.41)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue584655549653557560535586
Revenue growth (YoY)+4.8%+17.0%+2.8%+11.4%+6.0%---
Other income2.605.7911.834.325.9518.442.855.42
Total expenses527572504565499497474518
EBITDA56.9383.5245.5887.6058.1063.8960.6668.60
EBITDA margin+9.7%+12.7%+8.3%+13.4%+10.4%+11.4%+11.3%+11.7%
Depreciation19.3119.4120.1020.0819.9920.0320.6420.76
Interest10.0910.4510.4210.3511.1112.0412.4011.86
Profit before tax30.1359.4526.8961.4932.9550.2630.4741.40
Tax7.6211.326.9815.608.2410.7511.0110.98

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 27 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue797858706808674682602681
Revenue growth (YoY)+18.2%+25.8%+17.3%+18.7%+11.4%---
Other income5.962.042.541.222.450.001.318.16
EBITDA79.8510862.0710444.0864.0063.5481.43
EBITDA margin+10.0%+12.6%+8.8%+12.9%+6.5%+9.4%+10.6%+12.0%
Depreciation35.4035.1635.7335.5035.1233.3327.2726.81
Interest19.4823.0423.3023.9925.8919.9116.2515.53
Profit before tax30.9352.065.5846.12(14.48)10.7621.3347.25
Tax9.6911.516.1714.351.239.298.7912.80
Net profit21.2440.55(0.59)31.77(15.71)1.4712.5434.45
EPS (₹)0.831.59(0.02)1.25(0.62)0.060.982.70
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3,0462,5692,3062,0261,7031,2001,321
Revenue growth+18.6%+11.4%+13.8%+18.9%+42.0%-9.2%-
Other income8.2510.9921.6617.957.297.564.42
Total expenses2,7272,2952,0121,7931,5191,0391,142
Employee cost616511426314259208222
EBITDA319275295233184161178
EBITDA margin+10.5%+10.7%+12.8%+11.5%+10.8%+13.4%+13.5%
Depreciation14211487.0963.2558.5055.5652.49
Interest96.2265.4844.2923.4814.0816.9221.84
Profit before tax89.2810618516411995.96108
Tax33.2638.0446.9335.6028.5522.2721.66
Net profit57.8463.0613712592.1082.7487.25
Net profit margin+1.9%+2.5%+6.0%+6.2%+5.4%+6.9%+6.6%
EPS (₹)2.212.7310.8510.137.5230.5635.91
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital25.5125.5112.7612.7612.0712.0712.07
Reserves & surplus1,1541,1011,064945642561489
Shareholders' funds (net worth)1,1791,1271,077958654573501
Minority interest(0.18)(1.64)(0.31)0.080.700.460.11
Secured loans1,000982896590303248276
Unsecured loans16121721438.4294.7058.7318.00
Total debt1,1601,1991,109628398307294
Total liabilities2,3592,3432,2001,5971,063892869
Assets
Gross block2,5262,4341,5621,008905798767
Net block1,7091,749986506468413429
Capital work in progress9.9928.396113809.0618.1816.70
Investments52.4255.981472421611060.01
Inventories764665609513503378371
Sundry debtors219155151143129135138
Cash & bank balances63.9742.6132.9316.0515.7818.7330.74
Loans & advances13717514395.2446.8243.3763.96
Total current assets1,1831,037936767695575604
Total current liabilities640559520429304267220
Net working capital543478416339391309383
Total assets2,3592,3432,2001,5971,063892869
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash42.5032.7815.9215.7118.6330.6410.23
Net cash from operating activities29221019416971.1621396.26
Net cash from investing activities(79.97)(167)(527)(535)(136)(154)(53.80)
Net cash from financing activities(191)(33.86)35036662.22(70.87)(22.06)
Net change in cash21.369.7216.860.21(2.93)(12.00)20.41
Closing cash63.9742.6132.9316.0515.7818.7330.74
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+18.6%+11.4%+13.8%+18.9%+42.0%-9.2%-
EBITDA growth+16.1%-6.8%+26.5%+26.3%+14.6%-9.7%-
PBT growth-16.1%-42.5%+12.7%+37.8%+24.1%-11.4%+2.0%
Net income growth-8.3%-54.1%+9.9%+35.8%+11.3%-5.2%-
Revenue CAGR (3Y)+14.6%+14.7%+24.4%+15.3%+10.0%+1.6%+7.1%
EBITDA CAGR (3Y)+11.0%+14.2%+22.4%+9.3%+5.2%+2.6%+8.8%
Profitability & leverage
Net income margin+1.8%+2.7%+6.0%+6.3%+5.3%+6.1%+6.6%
Return on capital employed+7.9%+7.6%+12.1%+14.1%+13.6%+14.2%+16.4%
Return on net worth+4.9%+6.2%+13.6%+15.9%+14.8%+15.4%+18.7%
Debt / equity1.021.050.850.640.570.560.61
Long-term debt / equity0.740.710.560.370.270.200.17
Interest cover54.2840.7021.3413.8411.1816.0717.37
Efficiency & per share
Fixed asset turnover1.231.291.802.122.001.531.91
Inventory turnover4.264.034.113.983.863.203.89
Debtors turnover16.3016.7615.6814.9112.908.798.40
EPS (₹)2.212.7310.8510.137.5230.5635.91
Dividend per share (₹)0.400.401.651.501.205.004.00
Book value per share (₹)46.2344.1784.4275.4554.22237.60207.43
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue584655549653557560535586
Revenue growth (YoY)+4.8%+17.0%+2.8%+11.4%+6.0%---
Other income2.605.7911.834.325.9518.442.855.42
Total expenses527572504565499497474518
EBITDA56.9383.5245.5887.6058.1063.8960.6668.60
EBITDA margin+9.7%+12.7%+8.3%+13.4%+10.4%+11.4%+11.3%+11.7%
Depreciation19.3119.4120.1020.0819.9920.0320.6420.76
Interest10.0910.4510.4210.3511.1112.0412.4011.86
Profit before tax30.1359.4526.8961.4932.9550.2630.4741.40
Tax7.6211.326.9815.608.2410.7511.0110.98
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,4152,2072,1241,8511,5591,1261,227
Revenue growth+9.4%+3.9%+14.7%+18.7%+38.5%-8.2%-
Other income27.8930.0434.1534.4617.473.6222.65
Total expenses2,1401,9561,8581,6561,3999751,066
Employee cost434389342254209167179
EBITDA275250265195160151161
EBITDA margin+11.4%+11.4%+12.5%+10.5%+10.3%+13.4%+13.1%
Depreciation79.5881.6773.5458.4654.3151.7948.98
Interest42.3346.4336.9022.9113.4816.0320.30
Profit before tax18115218914811087.11114
Tax42.1439.7843.0927.0124.2520.2621.68
Net profit14110714611786.2275.6993.24
Net profit margin+5.8%+4.9%+6.9%+6.3%+5.5%+6.7%+7.6%
EPS (₹)5.434.4111.439.527.0727.7038.38
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital25.5125.5112.7612.7012.0712.0712.07
Reserves & surplus1,2421,1121,034908620546479
Shareholders' funds (net worth)1,2681,1371,046921632558491
Secured loans437372370390281222232
Unsecured loans12718515665.4989.0652.4818.00
Total debt564557526455370275250
Total liabilities1,8471,7111,5851,3861,012845809
Assets
Gross block1,2201,1871,137900796752720
Net block562594621443393399411
Capital work in progress8.1816.5334.501254.5817.0515.69
Investments95676257548828717770.57
Inventories496482479452445331333
Sundry debtors214148153124124137121
Cash & bank balances21.8219.8518.157.028.5410.8925.29
Loans & advances65.3086.0882.1463.8438.4831.5450.74
Total current assets797736732647617510530
Total current liabilities486409381333286258207
Net working capital311327351314331253323
Total assets1,8471,7111,5851,3861,012845809
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash19.7418.066.948.4710.8025.196.04
Net cash from operating activities26724321815451.03190129
Net cash from investing activities(212)(197)(160)(383)(122)(154)(78.95)
Net cash from financing activities(52.82)(44.57)(47.07)22768.53(50.43)(30.41)
Net change in cash1.971.6811.12(1.53)(2.33)(14.39)19.15
Closing cash21.8219.8518.157.028.5410.8925.29
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+9.4%+3.9%+14.7%+18.7%+38.5%-8.2%-
EBITDA growth+9.7%-5.6%+36.2%+21.8%+5.7%-6.0%-
PBT growth+18.6%-19.4%+27.8%+34.9%+25.8%-23.8%+25.5%
Net income growth+31.4%-26.2%+24.2%+36.0%+13.9%-18.8%-
Revenue CAGR (3Y)+9.3%+12.3%+23.6%+14.7%+9.2%+2.0%+8.1%
EBITDA CAGR (3Y)+12.2%+16.1%+20.6%+6.6%+4.9%+3.5%+9.1%
Profitability & leverage
Net income margin+5.7%+5.1%+6.9%+6.5%+5.5%+5.9%+7.6%
Return on capital employed+12.5%+12.1%+15.2%+14.3%+13.3%+14.0%+18.1%
Return on net worth+11.5%+10.3%+14.8%+15.6%+14.3%+14.4%+20.4%
Debt / equity0.470.500.500.530.540.500.54
Long-term debt / equity0.250.220.220.270.260.190.17
Interest cover21.6827.5119.2516.8012.7616.1118.13
Efficiency & per share
Fixed asset turnover2.011.902.092.182.011.531.88
Inventory turnover4.944.594.564.124.023.393.95
Debtors turnover13.3414.6715.3414.9311.948.749.45
EPS (₹)5.434.4111.439.527.0727.7038.38
Dividend per share (₹)0.400.401.651.501.205.004.00
Book value per share (₹)49.6944.5782.0072.5052.36231.35203.27

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Frequently Asked Questions about Decowood Veneers

Decowood Veneers was founded in 2002.

Decowood Veneers is headquartered in New Delhi, India. It is registered at New Delhi, Delhi, India.

Decowood Veneers has 2,520 employees.

The primary company behind Decowood Veneers, Greenlam Industries Limited, reported revenue of ₹3,054 Cr for FY 2026, up 19% year on year.

Decowood, under Greenlam Industries Limited, produces a wide range of high-quality wooden veneers and textures. Based in New Delhi, India, with hubs in Behror and Mumbai, they serve architects, interior designers, and homeowners. Their products include natural, engineered, and teak options, emphasizing sustainability and innovation in wood craftsmanship for residential and commercial spaces.

Decowood Veneers offers Wood Veneer Sheets, Engineered Teak, and Natural Veneers.

Yes, Decowood Veneers is publicly traded on NSE under the ticker symbol GREENLAM.

Decowood Veneers operates through Greenlam Industries Limited.

The legal entities of Decowood Veneers currently have 10 directors, including Parul Mittal, Sandip Das, Yogesh Kapur and others.

Yes. Decowood Veneers publishes Decowood Veneers.

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