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 ₹ 4,260 Cr.
- Current Price ₹ 2,514
- High / Low ₹ 2,736 / 1,407
- Stock P/E 32.2
- Book Value ₹ 354
- Dividend Yield 0.10 %
- ROCE 33.7 %
- ROE 27.1 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 26.9% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.3%
Cons
- Stock is trading at 7.11 times its book value
* 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
Sector: Plywood Boards/Laminates Industry: Miscellaneous
Part of BSE Allcap BSE Consumer Discretionary Nifty Total Market Nifty Microcap 250 BSE SmallCap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
140 | 185 | 214 | 264 | 294 | 339 | 461 | 462 | 480 | 659 | 952 | 914 | 960 | |
128 | 167 | 191 | 234 | 249 | 290 | 380 | 382 | 380 | 556 | 797 | 730 | 768 | |
Operating Profit | 12 | 18 | 23 | 30 | 46 | 50 | 80 | 80 | 99 | 104 | 155 | 184 | 192 |
OPM % | 9% | 10% | 11% | 11% | 16% | 15% | 17% | 17% | 21% | 16% | 16% | 20% | 20% |
1 | 2 | 0 | 1 | 1 | 2 | 1 | -14 | 1 | 8 | 1 | 5 | 7 | |
Interest | 5 | 7 | 5 | 6 | 10 | 8 | 11 | 11 | 6 | 8 | 8 | 2 | 6 |
Depreciation | 3 | 3 | 4 | 5 | 6 | 11 | 18 | 21 | 23 | 23 | 20 | 22 | 23 |
Profit before tax | 6 | 10 | 14 | 20 | 31 | 33 | 52 | 34 | 71 | 80 | 128 | 164 | 169 |
Tax % | 34% | 32% | 32% | 38% | 37% | 39% | 25% | 44% | 22% | 24% | 25% | 22% | |
4 | 7 | 9 | 12 | 20 | 20 | 39 | 19 | 55 | 61 | 96 | 128 | 131 | |
EPS in Rs | 2.79 | 4.68 | 6.43 | 8.32 | 13.45 | 12.31 | 23.82 | 11.19 | 32.72 | 36.00 | 56.61 | 75.76 | 77.49 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 7% | 0% | 3% |
Compounded Sales Growth | |
---|---|
10 Years: | 17% |
5 Years: | 15% |
3 Years: | 24% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | 35% |
5 Years: | 27% |
3 Years: | 32% |
TTM: | 20% |
Stock Price CAGR | |
---|---|
10 Years: | 53% |
5 Years: | 59% |
3 Years: | 33% |
1 Year: | 44% |
Return on Equity | |
---|---|
10 Years: | 24% |
5 Years: | 24% |
3 Years: | 25% |
Last Year: | 27% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 7 | 7 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
Reserves | 21 | 27 | 37 | 49 | 69 | 137 | 177 | 196 | 251 | 308 | 404 | 528 | 591 |
66 | 73 | 82 | 117 | 184 | 127 | 189 | 118 | 59 | 79 | 47 | 1 | 7 | |
19 | 23 | 24 | 38 | 43 | 56 | 64 | 73 | 89 | 93 | 79 | 70 | 95 | |
Total Liabilities | 113 | 131 | 149 | 211 | 303 | 328 | 438 | 395 | 407 | 489 | 538 | 608 | 701 |
31 | 51 | 49 | 56 | 80 | 186 | 233 | 195 | 188 | 179 | 172 | 175 | 173 | |
CWIP | 18 | 20 | 31 | 56 | 109 | 0 | 13 | 11 | 0 | 0 | 13 | 2 | 13 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 2 | 2 | 1 | 1 |
64 | 60 | 70 | 99 | 115 | 143 | 191 | 188 | 218 | 308 | 351 | 430 | 514 | |
Total Assets | 113 | 131 | 149 | 211 | 303 | 328 | 438 | 395 | 407 | 489 | 538 | 608 | 701 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3 | 20 | 6 | 11 | 26 | 19 | 28 | 66 | 79 | 6 | 66 | 113 | |
-18 | -21 | -12 | -38 | -77 | -8 | -53 | 19 | -6 | -30 | -12 | -21 | |
15 | 3 | 5 | 26 | 51 | -11 | 22 | -80 | -64 | 17 | -36 | -47 | |
Net Cash Flow | 0 | 2 | -2 | -0 | -0 | 0 | -2 | 5 | 9 | -7 | 18 | 45 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 53 | 52 | 57 | 55 | 58 | 62 | 63 | 69 | 75 | 66 | 48 | 65 |
Inventory Days | 130 | 77 | 71 | 111 | 128 | 117 | 93 | 98 | 106 | 129 | 110 | 112 |
Days Payable | 33 | 45 | 37 | 51 | 44 | 68 | 38 | 52 | 76 | 56 | 27 | 30 |
Cash Conversion Cycle | 150 | 84 | 92 | 116 | 143 | 111 | 117 | 115 | 105 | 139 | 131 | 147 |
Working Capital Days | 91 | 61 | 74 | 78 | 78 | 90 | 87 | 82 | 87 | 113 | 96 | 109 |
ROCE % | 13% | 16% | 16% | 18% | 19% | 15% | 20% | 17% | 24% | 25% | 32% | 34% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 9 Dec
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
12 Nov - Intimation regarding issue of duplicate share certificates.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 21 Oct
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
21 Oct - Resignation of Mr. Sanjeev Kumar Sehgal as Company Secretary.
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
19 Oct - Disclosure of substantial share acquisition by promoter.
Annual reports
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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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Financial Year 2009
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Concalls
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Oct 2024TranscriptNotesPPT
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Jul 2024TranscriptNotesPPT
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Feb 2024Transcript PPT
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Nov 2023TranscriptNotesPPT
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Oct 2020TranscriptNotesPPT
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Nov 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]