Stylam Industries Ltd

Stylam Industries Ltd

₹ 1,952 0.02%
04 Jul 4:01 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 3,306 Cr.
  • Current Price 1,952
  • High / Low 2,025 / 1,407
  • Stock P/E 25.6
  • Book Value 316
  • Dividend Yield 0.13 %
  • ROCE 33.8 %
  • ROE 27.3 %
  • 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

Consolidated Figures in Rs. Crores / View Standalone

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 44 41
Tax % 17% 27% 28% 27% 13% 24% 26% 24% 26% 24% 27% 28% 8%
23 14 15 16 17 21 24 24 27 28 32 31 38
EPS in Rs 13.75 8.12 8.80 9.20 9.80 12.38 14.26 14.18 15.81 16.39 18.73 18.49 22.17
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
461 462 480 659 952 914
380 382 380 556 797 730
Operating Profit 80 80 99 104 155 184
OPM % 17% 17% 21% 16% 16% 20%
1 -14 1 8 1 5
Interest 11 11 6 8 8 2
Depreciation 18 21 23 23 20 22
Profit before tax 52 33 71 81 128 164
Tax % 25% 44% 22% 24% 25% 22%
39 19 55 61 96 128
EPS in Rs 23.82 11.03 32.61 35.93 56.63 75.78
Dividend Payout % 0% 0% 0% 7% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 24%
TTM: -4%
Compounded Profit Growth
10 Years: %
5 Years: 27%
3 Years: 33%
TTM: 35%
Stock Price CAGR
10 Years: 60%
5 Years: 43%
3 Years: 31%
1 Year: 26%
Return on Equity
10 Years: %
5 Years: 24%
3 Years: 25%
Last Year: 27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 8 8 8 8 8 8
Reserves 177 196 251 308 404 528
189 118 59 79 47 0
64 73 89 93 79 71
Total Liabilities 438 395 407 489 538 607
233 195 188 179 172 175
CWIP 13 11 0 0 13 2
Investments 1 2 1 1 1 0
191 188 218 309 352 431
Total Assets 438 395 407 489 538 607

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
28 66 79 6 66 113
-53 19 -5 -30 -12 -21
22 -80 -64 17 -36 -47
Net Cash Flow -2 5 9 -6 18 45

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 63 69 75 66 48 65
Inventory Days 93 98 106 129 110 112
Days Payable 38 52 76 56 27 30
Cash Conversion Cycle 117 115 105 139 131 147
Working Capital Days 87 82 87 113 96 109
ROCE % 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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Documents

Concalls