Stylam Industries Ltd
₹ 2,174
-1.86%
29 Dec
- close price
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 ₹ 3,703 Cr.
- Current Price ₹ 2,174
- High / Low ₹ 2,430 / 1,441
- Stock P/E 29.6
- Book Value ₹ 427
- Dividend Yield 0.00 %
- 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 | 1,095 | |
| 167 | 191 | 234 | 249 | 290 | 380 | 382 | 380 | 556 | 797 | 730 | 840 | 897 | |
| Operating Profit | 18 | 23 | 30 | 46 | 50 | 80 | 80 | 99 | 104 | 155 | 184 | 185 | 198 |
| 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 | 5 | |
| Interest | 7 | 5 | 6 | 10 | 8 | 11 | 11 | 6 | 8 | 8 | 3 | 4 | 9 |
| Depreciation | 3 | 4 | 5 | 6 | 11 | 18 | 21 | 23 | 23 | 20 | 22 | 24 | 22 |
| Profit before tax | 10 | 14 | 20 | 31 | 33 | 52 | 34 | 71 | 80 | 128 | 164 | 165 | 172 |
| 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 | 125 | |
| 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 | 73.73 |
| 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: | -5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 36% |
| 5 Years: | 36% |
| 3 Years: | 25% |
| 1 Year: | -7% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 27 | 37 | 49 | 69 | 137 | 177 | 196 | 251 | 308 | 404 | 528 | 649 | 715 |
| 73 | 82 | 117 | 184 | 127 | 189 | 118 | 59 | 79 | 47 | 0 | 36 | 0 | |
| 23 | 24 | 38 | 43 | 56 | 64 | 73 | 89 | 93 | 79 | 69 | 85 | 135 | |
| Total Liabilities | 131 | 149 | 211 | 303 | 328 | 438 | 395 | 407 | 489 | 538 | 606 | 779 | 858 |
| 51 | 49 | 56 | 80 | 186 | 233 | 195 | 188 | 179 | 172 | 175 | 177 | 195 | |
| CWIP | 20 | 31 | 56 | 109 | 0 | 13 | 11 | 0 | 0 | 13 | 2 | 83 | 163 |
| Investments | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 2 | 2 | 1 | 1 | 1 |
| 60 | 70 | 99 | 115 | 143 | 191 | 188 | 218 | 308 | 351 | 428 | 517 | 498 | |
| Total Assets | 131 | 149 | 211 | 303 | 328 | 438 | 395 | 407 | 489 | 538 | 606 | 779 | 858 |
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
- Closure of Trading Window 6h
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Public Announcement - Open Offer
26 Dec - Aica Kogyo offers ₹2,250 for 44,06,496 shares (26%), ₹991.46 crore total; seeks control.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015.
26 Dec - Settlement dated Dec 26, 2025 resolving claims over 4.55% (771,400) shares among Gupta family; company confirming.
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Intimation Under Regulation 30 Read Along With Schedule III Of The Securities And Exchange Board Of The SEBI (LODR) Regulation, 2015.
26 Dec - Aica Kogyo to acquire 27.12% (4,596,768) and 12.88% (2,182,456); open offer at INR2,250; SHA Dec 26, 2025.
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Board Meeting Outcome for Intimation Under Regulation 30 Read With Schedule III Of The SEBI LODR.
26 Dec - Aica Kogyo to acquire 45,96,768 (27.12%) and up to 21,82,456 (12.88%); SHA executed; open offer required.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Nov 2025TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Oct 2022Transcript PPT
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Jan 2022TranscriptAI SummaryPPT
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Oct 2021TranscriptAI SummaryPPT
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May 2021TranscriptAI SummaryPPT
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Jan 2021TranscriptAI SummaryPPT
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Oct 2020TranscriptAI SummaryPPT
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Jul 2020TranscriptAI SummaryPPT
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Jul 2020TranscriptAI SummaryPPT
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Jun 2020TranscriptAI SummaryPPT
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Feb 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Aug 2019TranscriptAI SummaryPPT
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Jun 2019TranscriptAI SummaryPPT
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Feb 2019TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
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Aug 2018TranscriptAI SummaryPPT
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]