Stylam Industries Ltd
₹ 1,731
-1.33%
18 Sep
1:56 p.m.
About
Stylam Industries is engaged in the manufacturing of decorative laminates under the brand name “STYLAM” and exports its products primarily to European and South East Asian countries.
It manufactures a wide range of high-quality decorative laminates, specialty surfaces, PU+ lacquer coating, solid surfaces and compact laminates. [1]
Key Points
- Market Cap ₹ 2,934 Cr.
- Current Price ₹ 1,731
- High / Low ₹ 2,736 / 1,441
- Stock P/E 24.1
- Book Value ₹ 388
- Dividend Yield 0.14 %
- ROCE 27.4 %
- ROE 20.4 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 33.9% CAGR over last 5 years
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 185 | 214 | 264 | 294 | 339 | 461 | 462 | 480 | 659 | 952 | 914 | 1,025 | 1,065 | |
| 167 | 191 | 234 | 249 | 290 | 380 | 382 | 380 | 556 | 797 | 730 | 840 | 869 | |
| Operating Profit | 18 | 23 | 30 | 46 | 50 | 80 | 80 | 99 | 104 | 155 | 184 | 185 | 196 |
| OPM % | 10% | 11% | 11% | 16% | 15% | 17% | 17% | 21% | 16% | 16% | 20% | 18% | 18% |
| 2 | 0 | 1 | 1 | 2 | 1 | -14 | 1 | 8 | 1 | 6 | 7 | 6 | |
| Interest | 7 | 5 | 6 | 10 | 8 | 11 | 11 | 6 | 8 | 8 | 3 | 4 | 11 |
| Depreciation | 3 | 4 | 5 | 6 | 11 | 18 | 21 | 23 | 23 | 20 | 22 | 24 | 23 |
| Profit before tax | 10 | 14 | 20 | 31 | 33 | 52 | 34 | 71 | 80 | 128 | 164 | 165 | 168 |
| Tax % | 32% | 32% | 38% | 37% | 39% | 25% | 44% | 22% | 24% | 25% | 22% | 26% | |
| 7 | 9 | 12 | 20 | 20 | 39 | 19 | 55 | 61 | 96 | 128 | 122 | 122 | |
| EPS in Rs | 4.68 | 6.43 | 8.32 | 13.45 | 12.31 | 23.82 | 11.19 | 32.72 | 36.00 | 56.61 | 75.76 | 71.88 | 71.82 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 7% | 0% | 3% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 17% |
| 3 Years: | 16% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | 34% |
| 3 Years: | 26% |
| TTM: | -6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 38% |
| 5 Years: | 37% |
| 3 Years: | 18% |
| 1 Year: | -15% |
| Return on Equity | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 24% |
| 3 Years: | 24% |
| Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 27 | 37 | 49 | 69 | 137 | 177 | 196 | 251 | 308 | 404 | 528 | 649 |
| 73 | 82 | 117 | 184 | 127 | 189 | 118 | 59 | 79 | 47 | 0 | 36 | |
| 23 | 24 | 38 | 43 | 56 | 64 | 73 | 89 | 93 | 79 | 69 | 85 | |
| Total Liabilities | 131 | 149 | 211 | 303 | 328 | 438 | 395 | 407 | 489 | 538 | 606 | 779 |
| 51 | 49 | 56 | 80 | 186 | 233 | 195 | 188 | 179 | 172 | 175 | 177 | |
| CWIP | 20 | 31 | 56 | 109 | 0 | 13 | 11 | 0 | 0 | 13 | 2 | 83 |
| Investments | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 2 | 2 | 1 | 1 |
| 60 | 70 | 99 | 115 | 143 | 191 | 188 | 218 | 308 | 351 | 428 | 517 | |
| Total Assets | 131 | 149 | 211 | 303 | 328 | 438 | 395 | 407 | 489 | 538 | 606 | 779 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20 | 6 | 11 | 26 | 19 | 28 | 66 | 79 | 6 | 66 | 109 | 107 | |
| -21 | -12 | -38 | -77 | -8 | -53 | 19 | -6 | -30 | -12 | -37 | -126 | |
| 3 | 5 | 26 | 51 | -11 | 22 | -80 | -64 | 17 | -36 | -4 | -4 | |
| Net Cash Flow | 2 | -2 | -0 | -0 | 0 | -2 | 5 | 9 | -7 | 18 | 68 | -23 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 52 | 57 | 55 | 58 | 62 | 63 | 69 | 75 | 66 | 48 | 64 | 73 |
| Inventory Days | 77 | 71 | 111 | 128 | 117 | 93 | 98 | 106 | 129 | 110 | 112 | 121 |
| Days Payable | 45 | 37 | 51 | 44 | 68 | 38 | 52 | 76 | 56 | 27 | 29 | 30 |
| Cash Conversion Cycle | 84 | 92 | 116 | 143 | 111 | 117 | 115 | 105 | 139 | 131 | 147 | 163 |
| Working Capital Days | -18 | 4 | 11 | -25 | 10 | 30 | 36 | 71 | 82 | 82 | 108 | 110 |
| ROCE % | 16% | 16% | 18% | 19% | 15% | 20% | 17% | 24% | 25% | 32% | 34% | 27% |
Documents
Announcements
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Letter To The Shareholders - Annual Report 2024-25.
5 Sep - 34th AGM on Sept 30, 2025; annual report links provided; cut-off date Aug 29, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
5 Sep - Stylam Industries Limited has informed about the Newspaper Publication regarding the 34th AGM, e-voting and other related information.
- Reg. 34 (1) Annual Report. 4 Sep
-
Business Responsibility and Sustainability Reporting (BRSR)
4 Sep - Business Responsibility and Sustainability Report for FY 2024-25 filed; part of Annual Report.
-
Notice Of 34Th Annual General Meeting Scheduled On September 30, 2025 At 11:00 A.M. (IST)
4 Sep - 34th AGM on Sept 30, 2025; remote e-voting Sept 27–29; cut-off Sept 23, 2025.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
Concalls
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Aug 2025TranscriptNotesPPT
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May 2025Transcript PPT
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Feb 2025TranscriptNotesPPT
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Oct 2024TranscriptNotesPPT
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Jul 2024TranscriptNotesPPT
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May 2024TranscriptNotesPPT
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Feb 2024Transcript PPT
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Nov 2023TranscriptNotesPPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Jan 2023Transcript PPT
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Oct 2022Transcript PPT
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Jul 2022Transcript PPT
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May 2022Transcript PPT
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Jan 2022TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
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Jul 2021TranscriptNotesPPT
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May 2021TranscriptNotesPPT
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Jan 2021TranscriptNotesPPT
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Oct 2020TranscriptNotesPPT
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Jul 2020TranscriptNotesPPT
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Jul 2020TranscriptNotesPPT
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Jun 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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Jun 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
Market Leadership
The company is the largest laminate-producing group in India. [1] It is a global pioneer for the ‘Hot Coating Process’ of PU+ Lacquer coating on thin laminates and also a pioneer in India for Solid Acrylic Surfaces. [2]