Stylam Industries Ltd - Stock Valuation and Financial Performance

BSE: 526951 | NSE: STYLAMIND | Laminates/Decoratives | Small Cap

Stylam Industries Share Price

1,560.90 -6.05 -0.39%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Stylam Industries

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Stylam Industries stock performance -

mw4me loader
P/E Ratio (CD):
22.46
Market Cap:
2,642.4 Cr.
52-wk low:
941.7
52-wk high:
1,980

Is Stylam Industries Ltd an attractive stock to invest in?

1. Is Stylam Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Stylam Industries Ltd is a average quality company.

2. Is Stylam Industries Ltd undervalued or overvalued?

The key valuation ratios of Stylam Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Stylam Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Stylam Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Stylam Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Stylam Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0%0%0%0%0%12.5%10.7%18.4%18.5%23.8%-
Value Creation
Index
NANANANANA-0.1-0.20.30.30.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 00000461462480659952911
Sales YoY Gr.-NANANANANA0.3%3.8%37.5%44.4%-
Adj EPS 000002317.432.335.756.569.4
YoY Gr.-NANANANANA-24.2%85%10.8%58.3%-
BVPS (₹) 00000109.5120.5153.1186.5243.1296.8
Adj Net
Profit
000003929.554.760.595.8118
Cash Flow from Ops. 0000028.565.978.95.966.2-
Debt/CF from Ops. 000006.61.80.813.40.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA27.2%44.4%
Adj EPS NANA48%58.3%
BVPSNANA26.4%30.4%
Share Price 65.2% 31.8% 31.8% 64.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
000002115.223.62126.325.7
Op. Profit
Mgn %
0000017.417.220.715.716.319.5
Net Profit
Mgn %
000008.56.411.49.210.112.9
Debt to
Equity
0000010.60.20.30.1-
Working Cap
Days
00000014614613912069
Cash Conv.
Cycle
0000008984838152

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 25.70%

Sales growth is growing at healthy rate in last 3 years 27.24%

Net Profit is growing at healthy rate in last 3 years 48.03%

Sales growth is not so good in last 4 quarters at 3.63%

Latest Financials - Stylam Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 69.4 69.4
TTM Sales (₹ Cr.) 911 911
BVPS (₹.) 296.9 296.8
Reserves (₹ Cr.) 495 494
P/BV 5.25 5.25
PE 22.47 22.46
From the Market
52 Week Low / High (₹) 941.70 / 1979.95
All Time Low / High (₹) 0.50 / 1979.95
Market Cap (₹ Cr.) 2,642
Equity (₹ Cr.) 8.5
Face Value (₹) 5
Industry PE 29.7

Management X-Ray of Stylam Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Stylam Industries

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Sales461462480659952
Operating Expenses 381383381556797
Manufacturing Costs5055506390
Material Costs260249247376531
Employee Cost 3038385569
Other Costs 40414662108
Operating Profit 808099104155
Operating Profit Margin (%) 17.3%17.2%20.6%15.7%16.3%
Other Income 21181
Interest 1111688
Depreciation 1821232320
Exceptional Items 0-15000
Profit Before Tax 52337181128
Tax 1315161932
Profit After Tax 3919556196
PAT Margin (%) 8.4%4.1%11.5%9.3%10.1%
Adjusted EPS (₹)22.911.132.535.956.6
Dividend Payout Ratio (%)0%0%4%7%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 186204259316412
Share Capital 88888
Reserves 177196251308404
Minority Interest00000
Debt17094436537
Long Term Debt98362191
Short Term Debt7259215636
Trade Payables2736515840
Others Liabilities 5661545049
Total Liabilities 438395407489538

Fixed Assets

Gross Block252283297310323
Accumulated Depreciation6888109131151
Net Fixed Assets184195188179172
CWIP 13110013
Investments 11111
Inventories666772133160
Trade Receivables798799119126
Cash Equivalents 2615927
Others Assets9227324940
Total Assets 438395407489538

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 286679666
PBT 52497181128
Adjustment 2629272023
Changes in Working Capital -416-2-71-59
Tax Paid -9-17-17-19-26
Cash Flow From Investing Activity -5319-5-30-12
Capex -459-6-14-26
Net Investments -7101-1613
Others 00000
Cash Flow From Financing Activity 22-80-6417-36
Net Proceeds from Shares 00000
Net Proceeds from Borrowing 35-58-23-15-13
Interest Paid -8-9-3-3-3
Dividend Paid 00000
Others -5-14-3735-20
Net Cash Flow -259-618
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)20.929.6823.8321.2326.36
ROCE (%)16.912.7323.9924.7631.89
Asset Turnover Ratio1.051.111.21.471.85
PAT to CFO Conversion(x)0.723.471.440.10.69
Working Capital Days
Receivable Days6366716047
Inventory Days5253535756
Payable Days3846645334

Stylam Industries Ltd Stock News

Stylam Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Stylam Industries on 28-Mar-2024 16:01 is ₹1,560.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Stylam Industries stood at ₹2,642.4.
The latest P/E ratio of Stylam Industries as of 28-Mar-2024 16:01 is 22.47.
The latest P/B ratio of Stylam Industries as of 28-Mar-2024 16:01 is 5.25.
The 52-week high of Stylam Industries is ₹1,980 and the 52-week low is ₹941.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Stylam Industries is ₹911.0 ( Cr.) .

About Stylam Industries Ltd

Golden Laminates Limited started as a private limited concern in 1991. It manufactures decorative laminated sheets for both home and industry use the company is charting a phenomenal growth pattern.

The company initially engaged in the manufacture of luxury grade decorative laminated sheets for both home and industry use, has now started manufacturing industrial as well as advanced grade laminates i.e. Postforming and Antistatic laminates under the brand name StYLAM.

Exports are already being done in more than 40 countries in the Asia, Africa, Latin & North America, Middle East and Europe, while exclusive supply contracts with foreign manufacturers takes care of the imports.

They had started with the manufacture of high pressure decorative laminates but over the years with the backing of experienced staff and good infrastructure they have developed many products like paper based industrial laminates used by the PCB manufacturers, piano manufacturers, and in the electric industry.

Golden Laminates Limited (GLL) is a public limited company listed on three stock exchanges of India and is managed by Board of Directors.The present installed capacity of GLL is more than 3.5 million sheets of laminates.  GLL manufactures laminates in the size of 1220mm x 2440mm, 1225mm x 2500mm, 1300 x 2800mm, 1300mm x 3050mm in thicknesses ranging from 0.5 mm to 20.0 mm in different finished such as gloss, matt, suede & texture etc. in more than 600 designs.

GLL has imported moulds of various finishes from France and Germany. The sanding of the laminates is done on the sanding machine imported from IMEAS s.p.a., Italy, one of the best manufacturers of sanding machines in the world.

The company has an ultra modern plant at Panchkula near the City Beautiful, Chandigarh, in North India. Quality being at the core of operations (latest sophisticated moulds of various finishes have been imported from France & Germany), GLL has been certified an ISO 9001:2000 Company and also been recognized as Export House by Government of India.

With an experienced marketing team at the helm of affairs and a team of qualified professionals overseeing the day to day activities, Golden Laminates is rapidly covering the road of success.

Product range of the company includes:

  • High Pressure Decorative Laminates - Golden Laminates Limited is manufacturing High Pressure Laminates designed for both horizontal and vertical applications where appearance, durability, resistance to stains and heat upto 275°F is required. Being substitute to wood, these products contribute to environment preservations as well as offer a more practical alternative for decor and electrical fittings etc.     - Post Forming Grade      - Compact      - Fire Retardant
  • Industrial Laminates Paper Based - Golden Laminates Unclad Industrial Laminates for wide-ranging electronic and electrical applications.Industrial Laminates Fabric Based.
  • Phenolic Becker - Phenolic becker sheets are manufactured by using Kraft paper as reinforcement with specially formulated Phenolic resin as bonding media. These sheets are used as backup material for drilling in circuit boards. There is no chipping while drilling with a drill bit as low as 0.3mm in diameter, making these sheets perfect for PCB drilling.

Subsidiary: Golden Chemtech Ltd- Golden Chemtech Ltd., Ramgarh was incorporated in the year 2000. The company presently manufactures basic grade of adhesives for application in furniture industry but plans to manufacture whole range of adhesives as per the needs of manufacturing sector all over the world.

Achievements/ recognition:

  • An ISO 9001 Company.
  • Golden Laminates Limited (GLL) is a public limited company listed on three stock exchanges of India.
  • Recognized as Export House by Government of India.
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