Stylam Industries Ltd
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]
- Market Cap ₹ 3,793 Cr.
- Current Price ₹ 2,236
- High / Low ₹ 2,430 / 1,500
- Stock P/E 27.0
- 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
- Promoter holding has increased by 1.92% over last quarter.
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.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Plywood Boards/ Laminates
Part of BSE Consumer Discretionary BSE 1000
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 | 1,112 | |
| 167 | 191 | 234 | 249 | 290 | 380 | 382 | 380 | 556 | 797 | 730 | 840 | 904 | |
| Operating Profit | 18 | 23 | 30 | 46 | 50 | 80 | 80 | 99 | 104 | 155 | 184 | 185 | 208 |
| OPM % | 10% | 11% | 11% | 16% | 15% | 17% | 17% | 21% | 16% | 16% | 20% | 18% | 19% |
| 2 | 0 | 1 | 1 | 2 | 1 | -14 | 1 | 8 | 1 | 6 | 7 | 4 | |
| Interest | 7 | 5 | 6 | 10 | 8 | 11 | 11 | 6 | 8 | 8 | 3 | 4 | 2 |
| Depreciation | 3 | 4 | 5 | 6 | 11 | 18 | 21 | 23 | 23 | 20 | 22 | 24 | 21 |
| Profit before tax | 10 | 14 | 20 | 31 | 33 | 52 | 34 | 71 | 80 | 128 | 164 | 165 | 189 |
| 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 | 141 | |
| 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 | 82.93 |
| 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: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | 34% |
| 3 Years: | 26% |
| TTM: | 7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 36% |
| 5 Years: | 25% |
| 3 Years: | 24% |
| 1 Year: | 42% |
| 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 |
| Free Cash Flow | -4 | -7 | -27 | -51 | 10 | -17 | 42 | 73 | -8 | 40 | 95 | 0 |
| CFO/OP | 126% | 38% | 55% | 74% | 61% | 46% | 104% | 97% | 24% | 59% | 83% | 82% |
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% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Global Presence - Countries Reached Number |
|
||||||||||
| Installed Capacity - Laminate Sheets Million Sheets |
|||||||||||
| Product Range - Laminate Designs Number |
|||||||||||
| Capacity Utilization - Laminates % |
|||||||||||
| Laminate Sheets Sold - Total Million Sheets |
|||||||||||
Extracted by Screener AI
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 1d
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 1d
-
Board Meeting Intimation for Considering And Approving The Audited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Financial Year Ended March 31, 2026.
27 Apr - Board meeting on May 7, 2026 to approve Q4 and FY2026 audited results; trading window closed.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
22 Apr - Submission of copy of Newspaper Advertisement of Corrigendum to the notice of Postal Ballot through remote e-voting dated March 27, 2026.
-
Pre-Offer Advertisement & Corrigendum to Detailed Public Statement
21 Apr - Aica Kogyo submits final open offer letter for 26% Stylam Industries stake; pre-offer advertisement published April 21, 2026.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
Concalls
-
Feb 2026Transcript PPT REC
-
Nov 2025TranscriptAI SummaryPPT
-
Aug 2025TranscriptAI SummaryPPT
-
May 2025Transcript PPT
-
Feb 2025TranscriptAI SummaryPPT
-
Oct 2024TranscriptAI SummaryPPT
-
Jul 2024TranscriptAI SummaryPPT
-
May 2024TranscriptAI SummaryPPT
-
Feb 2024Transcript PPT
-
Nov 2023TranscriptAI SummaryPPT
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT
-
Jan 2023Transcript PPT
-
Oct 2022Transcript PPT
-
Jul 2022Transcript PPT
-
May 2022Transcript PPT
-
Jan 2022TranscriptAI SummaryPPT
-
Oct 2021TranscriptAI SummaryPPT
-
Jul 2021TranscriptAI SummaryPPT
-
May 2021TranscriptAI SummaryPPT
-
Jan 2021TranscriptAI SummaryPPT
-
Oct 2020TranscriptAI SummaryPPT
-
Jul 2020TranscriptAI SummaryPPT
-
Jul 2020TranscriptAI SummaryPPT
-
Jun 2020TranscriptAI SummaryPPT
-
Feb 2020TranscriptAI SummaryPPT
-
Nov 2019TranscriptAI SummaryPPT
-
Aug 2019TranscriptAI SummaryPPT
-
Jun 2019TranscriptAI SummaryPPT
-
Feb 2019TranscriptAI SummaryPPT
-
Nov 2018TranscriptAI SummaryPPT
-
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]