Stylam Industries

₹1562 -28.8 | 1.8%

WEBSITE BSE:526951 NSE : GOLDEN LAMIN 10 May, 16:01

Market Cap ₹2647 Cr.

Stock P/E 22.5

P/B 5.3

Current Price ₹1562

Book Value ₹ 296.8

Face Value 5

52W High ₹1980

Dividend Yield 0%

52W Low ₹ 1400

Edit Ratio

Stylam Industries Research see more...

Stylam Industries: An Emerging Player in the Wood Panel Industry

Overview Inc. Year: 1991Industry: Laminates/Decoratives

Stylam Industries Ltd is basically engaged in presenting laminates. The Company's merchandise consist of high pressure laminates, door skins, adhesives, VIOLAM-decorative laminates, FASCIA-exterior cladding, WALKON-exterior floor boards and quality credentials. Its high pressure decorative laminates represent decorative design papers and absorbent kraft paper impregnated with melamine and phenolic resins respectively. Its merchandise also consist of compact laminates, that are formulated with celluloid fibers impregnated with thermosetting resins; commercial laminates, inclusive of drill and access boards in both phenolic and melamine faced surfaces; unicore laminates, which can be used for desks, doors, counter-tops, table-tops and drawers; metal laminates which can be manufactured with metalized aluminum foil; fire retardant laminates manufactured by using impregnating papers with phenolic resin having imported fire retardant chemical substances in its composition, and post forming laminates, amongst others.

Stylam Industries Share Price

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Price: NSE50 DMA200 DMAVolume

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Stylam Industries Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	172	177	180	235	246	234	237	226	234	215
Other Income	4	-4	7	0	0	0	1	1	2	2
Total Income	176	173	187	235	247	234	238	226	236	217
Total Expenditure	147	144	160	200	207	195	196	184	187	167
Operating Profit	29	29	27	36	40	40	41	42	49	50
Interest	2	2	2	2	1	4	1	1	1	1
Depreciation	6	6	6	6	6	4	4	5	5	6
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	21	21	19	28	33	32	36	36	43	44
Provision for Tax	6	6	3	7	8	8	9	9	12	12
Profit After Tax	15	16	17	21	24	24	27	28	32	31
Adjustments	-0	-0	0	0	-0	0	0	0	0	0
Profit After Adjustments	15	16	17	21	24	24	27	28	32	31
Adjusted Earnings Per Share	8.8	9.2	9.8	12.4	14.3	14.2	15.8	16.4	18.7	18.5

Stylam Industries Profit & Loss

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	461	462	480	659	952	912
Other Income	2	1	1	8	1	6
Total Income	462	463	481	667	954	917
Total Expenditure	381	383	381	556	797	734
Operating Profit	82	81	100	112	156	182
Interest	11	11	6	8	8	4
Depreciation	18	21	23	23	20	20
Exceptional Income / Expenses	0	-15	0	0	0	0
Profit Before Tax	52	33	71	81	128	159
Provision for Tax	13	15	16	19	32	42
Profit After Tax	39	19	55	61	96	118
Adjustments	0	0	-0	-0	0	0
Profit After Adjustments	39	19	55	61	96	118
Adjusted Earnings Per Share	22.9	11.1	32.5	35.9	56.6	69.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	44%	27%	0%	0%
Operating Profit CAGR	39%	24%	0%	0%
PAT CAGR	57%	72%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	12%	22%	36%	65%
ROE Average	26%	24%	20%	20%
ROCE Average	32%	27%	22%	22%

Stylam Industries Balance Sheet

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	186	204	259	316	412
Minority's Interest	0	0	0	0	0
Borrowings	98	36	21	9	1
Other Non-Current Liabilities	22	22	21	14	17
Total Current Liabilities	133	133	105	150	108
Total Liabilities	438	395	407	489	538
Fixed Assets	184	195	188	179	172
Other Non-Current Assets	81	16	5	4	17
Total Current Assets	173	185	214	306	349
Total Assets	438	395	407	489	538

Stylam Industries Cash Flow

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	3	2	6	15	9
Cash Flow from Operating Activities	28	66	79	6	66
Cash Flow from Investing Activities	-53	19	-5	-30	-12
Cash Flow from Financing Activities	22	-80	-64	17	-36
Net Cash Inflow / Outflow	-2	5	9	-6	18
Closing Cash & Cash Equivalent	2	6	15	9	27

Stylam Industries Ratios

#	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	22.9	11.13	32.52	35.93	56.63
CEPS(Rs)	33.65	23.52	46.26	49.78	68.43
DPS(Rs)	0	0	1.25	2.5	0
Book NAV/Share(Rs)	109.46	120.5	153.09	186.51	243.14
Core EBITDA Margin(%)	17.34	17.22	20.64	15.72	16.26
EBIT Margin(%)	13.74	9.6	16.04	13.41	14.31
Pre Tax Margin(%)	11.26	7.24	14.79	12.22	13.45
PAT Margin (%)	8.43	4.08	11.52	9.27	10.08
Cash Profit Margin (%)	12.38	8.62	16.35	12.79	12.18
ROA(%)	8.86	4.53	13.77	13.64	18.69
ROE(%)	20.92	9.68	23.83	21.23	26.36
ROCE(%)	16.9	12.73	23.99	24.76	31.89
Receivable days	62.54	65.68	70.8	60.18	46.89
Inventory Days	52.48	52.5	52.74	56.67	56.11
Payable days	38.4	46.07	64.4	53.23	33.64
PER(x)	17.15	11.57	21.46	28.41	17.08
Price/Book(x)	3.59	1.07	4.56	5.47	3.98
Dividend Yield(%)	0	0	0.18	0.24	0
EV/Net Sales(x)	1.85	0.72	2.56	2.73	1.74
EV/Core EBITDA(x)	10.46	4.11	12.26	16.12	10.62
Net Sales Growth(%)	0	0.33	3.76	37.5	44.41
EBIT Growth(%)	0	-29.9	73.4	14.9	54.13
PAT Growth(%)	0	-51.39	192.81	10.6	57.07
EPS Growth(%)	0	-51.39	192.09	10.47	57.64
Debt/Equity(x)	1.02	0.58	0.23	0.25	0.11
Current Ratio(x)	1.3	1.39	2.03	2.04	3.23
Quick Ratio(x)	0.8	0.88	1.35	1.16	1.75
Interest Cover(x)	5.55	4.07	12.78	11.29	16.65
Total Debt/Mcap(x)	0.29	0.54	0.05	0.05	0.03

Stylam Industries Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	54.61	54.61	54.61	54.61	54.61	54.61	54.61	54.61	54.61	54.61
FII	4.92	5.21	5.34	5.45	2.14	2.39	3.59	4	3.8	3.42
DII	9.32	9.27	11.11	11.33	11.62	12.63	12.96	11.6	12.02	11.37
Public	31.15	30.9	28.94	28.62	31.63	30.37	28.84	29.8	29.56	30.61
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.93	0.93	0.93	0.93	0.93	0.93	0.93	0.93	0.93	0.93
FII	0.08	0.09	0.09	0.09	0.04	0.04	0.06	0.07	0.06	0.06
DII	0.16	0.16	0.19	0.19	0.2	0.21	0.22	0.2	0.2	0.19
Public	0.53	0.52	0.49	0.48	0.54	0.51	0.49	0.5	0.5	0.52
Others	0	0	0	0	0	0	0	0	0	0
Total	1.69	1.69	1.69	1.69	1.69	1.69	1.69	1.69	1.69	1.69

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 24%
Debtor days have improved from 53.23 to 33.64days.
Company has reduced debt.
Company is almost debt free.

Cons

Stock is trading at 5.3 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.

Stylam Industries News

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Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Stylam Industries

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Stylam Industries Research see more...

Overview Inc. Year: 1991Industry: Laminates/Decoratives

Stylam Industries Share Price

Alert Data

Quarterly Price

Peer Comparison

Stylam Industries Quarterly Results

Stylam Industries Profit & Loss

Growth Rates

Stylam Industries Balance Sheet

Stylam Industries Cash Flow

Stylam Industries Ratios

Stylam Industries Shareholding Pattern

Stylam Industries News

IPO

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