Stylam Industries Ltd

Stylam Industries Ltd

₹ 1,969 0.93%
04 Jul 2:39 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 Leadership
The Co. is the largest Laminate Producing group in India. [1] They are a pioneer in India for introducing the PU+ Lacquer Coating process thereby producing high quality, high value-add laminate finishes. [2]

  • Market Cap 3,337 Cr.
  • Current Price 1,969
  • High / Low 2,025 / 1,407
  • Stock P/E 25.8
  • Book Value 317
  • Dividend Yield 0.13 %
  • ROCE 33.7 %
  • ROE 27.2 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 27.1% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.4%

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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
170 131 172 177 180 235 246 234 237 226 234 215 240
136 105 147 144 160 200 207 195 196 184 187 167 192
Operating Profit 35 26 24 33 20 35 40 39 41 42 47 48 48
OPM % 20% 20% 14% 19% 11% 15% 16% 17% 17% 19% 20% 22% 20%
1 0 4 -4 7 0 0 0 1 1 2 2 0
Interest 1 2 2 2 2 2 1 4 1 1 1 1 0
Depreciation 6 6 6 6 6 6 6 4 4 5 5 6 6
Profit before tax 28 19 21 21 19 28 32 32 36 36 43 43 41
Tax % 17% 27% 28% 27% 13% 24% 26% 24% 26% 24% 27% 28% 8%
23 14 15 16 16 21 24 24 27 28 32 31 38
EPS in Rs 13.87 8.20 8.88 9.22 9.71 12.36 14.28 14.17 15.81 16.39 18.73 18.48 22.16
Raw PDF

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
140 185 214 264 294 339 461 462 480 659 952 914
128 167 191 234 249 290 380 382 380 556 797 730
Operating Profit 12 18 23 30 46 50 80 80 99 104 155 184
OPM % 9% 10% 11% 11% 16% 15% 17% 17% 21% 16% 16% 20%
1 2 0 1 1 2 1 -14 1 8 1 5
Interest 5 7 5 6 10 8 11 11 6 8 8 2
Depreciation 3 3 4 5 6 11 18 21 23 23 20 22
Profit before tax 6 10 14 20 31 33 52 34 71 80 128 164
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
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
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 7% 0% 0%
Compounded Sales Growth
10 Years: 17%
5 Years: 15%
3 Years: 24%
TTM: -4%
Compounded Profit Growth
10 Years: 35%
5 Years: 27%
3 Years: 33%
TTM: 35%
Stock Price CAGR
10 Years: 60%
5 Years: 43%
3 Years: 30%
1 Year: 25%
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
Equity Capital 7 7 7 7 7 8 8 8 8 8 8 8
Reserves 21 27 37 49 69 137 177 196 251 308 404 528
66 73 82 117 184 127 189 118 59 79 47 0
19 23 24 38 43 56 64 73 89 93 79 71
Total Liabilities 113 131 149 211 303 328 438 395 407 489 538 608
31 51 49 56 80 186 233 195 188 179 172 175
CWIP 18 20 31 56 109 0 13 11 0 0 13 2
Investments 0 0 0 0 0 0 1 2 2 2 2 1
64 60 70 99 115 143 191 188 218 308 351 430
Total Assets 113 131 149 211 303 328 438 395 407 489 538 608

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%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
54.61% 54.61% 54.61% 54.61% 54.61% 54.61% 54.61% 54.61% 54.61% 54.61% 54.61% 54.61%
4.90% 4.89% 4.92% 5.21% 5.34% 5.45% 2.14% 2.53% 3.59% 3.99% 3.80% 3.57%
4.68% 8.83% 9.32% 9.27% 11.11% 11.33% 11.62% 12.49% 12.96% 11.60% 12.02% 11.22%
35.80% 31.67% 31.15% 30.90% 28.94% 28.60% 31.61% 30.36% 28.84% 29.79% 29.56% 30.61%
No. of Shareholders 5,2566,8196,7397,9849,1279,40012,89413,91322,82321,11621,24924,816

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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