MarketFriction

Stylam Industries Ltd

NSE STYLAMIND · BSE 526951 · Plywood Boards/ Laminates
₹3,219.90 -2.68%
NSE close2026-10-01
52 week range1,629.00 - 4,150.00
Market cap₹5,655 Cr.
P/E33.4
Microcap 250 Price band 20% Delivery 48.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales234215240243263255265283292271283326
Expenses187167192201208209222230236215228258
Operating Profit474848425446435357565569
OPM %20%22%20%17%21%18%16%19%19%21%20%21%
Other Income220322111141
Interest11014-1-072-711
Depreciation566656655564
Profit before tax434341384742384151595265
Tax %27%28%8%25%27%28%23%31%27%22%27%26%
Net Profit323138283430292837463848
EPS in Rs18.7318.4822.1616.7320.1217.9417.0916.6722.0327.1422.3628.41
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2642943394614624806599529141,0251,1291,173
Expenses234249290380382380556797730840909937
Operating Profit304650808099104155184185220236
OPM %11%16%15%17%17%21%16%16%20%18%20%20%
Other Income1121-141816777
Interest61081111688344-3
Depreciation5611182123232022242120
Profit before tax20313352347180128164165203227
Tax %38%37%39%25%44%22%24%25%22%26%26%
Net Profit1220203919556196128122149169
EPS in Rs8.3213.4512.3123.8211.1932.7236.0056.6175.7671.8888.1999.94
Dividend Payout %0%0%0%0%0%0%7%0%3%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth16%19%6%10%
Compounded Profit Growth28%21%15%39%
Stock Price CAGR29%26%25%105%
Return on Equity22%22%22%20%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital777888888888
Reserves374969137177196251308404528649798
Borrowings8211718412718911859794703629
Other Liabilities2438435664738993796985143
Total Liabilities149211303328438395407489538606779979
Fixed Assets495680186233195188179172175177201
CWIP3156109013110013283221
Investments000012222111
Other Assets7099115143191188218308351428517556
Total Assets149211303328438395407489538606779979
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity6112619286679666109107177
Cash from Investing Activity-12-38-77-8-5319-6-30-12-37-126-156
Cash from Financing Activity52651-1122-80-6417-36-4-4-3
Net Cash Flow-2-0-00-259-71868-2318
Free Cash Flow-7-27-5110-174273-840950-2
CFO/OP38%55%74%61%46%104%97%24%59%83%82%104%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days575558626369756648647367
Inventory Days711111281179398106129110112121132
Days Payable375144683852765627293050
Cash Conversion Cycle92116143111117115105139131147163150
Working Capital Days411-25103036718282108110100
ROCE %16%18%19%15%20%17%24%25%32%34%27%27%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters54.61%54.61%54.61%54.61%54.61%52.19%52.19%52.19%52.19%52.19%54.10%56.86%
FIIs3.99%3.80%3.57%3.84%3.62%3.95%3.68%2.79%2.77%2.04%2.81%2.62%
DIIs11.60%12.02%11.22%11.25%7.90%11.59%12.62%12.30%13.63%13.24%13.31%12.14%
Public29.79%29.56%30.61%30.29%33.86%32.25%31.51%32.70%31.41%32.52%29.78%28.39%
No. of Shareholders21,11621,24924,81625,29232,18335,55833,99335,49935,38332,82731,77631,135

Fundamentals

Market Cap₹ 5,655 Cr.
Current Price₹ 3,336
Stock P/E33.4
Book Value₹ 476
ROCE26.6 %
ROE19.9 %
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)10%
Compounded Profit Growth (TTM)39%
Standalone figures.
Valuation
Market capRs 5,457 Cr
Enterprise valueRs 5,419 Cr
P/E (TTM)32.22x
Price to book6.76x
Price to sales4.65x
EV / EBITDA22.26x
EV / EBIT24.27x
EV / sales4.62x
Price to cash flow30.82x
Earnings yield3.10%
P/E, 3-year average22.69x
P/B, 3-year average4.58x
P/E, 5-year average22.72x
P/B, 5-year average4.64x
Profitability
Operating margin (excl. other income)19.52%
Operating margin (incl. other income)20.11%
EBITDA margin20.75%
Pre-tax margin19.33%
Net profit margin14.44%
Net margin, latest quarter14.75%
ROE20.41%
ROCE26.99%
ROA17.01%
ROE, 3-year average22.63%
ROCE, 3-year average29.37%
ROA, 3-year average19.02%
ROE, 5-year average23.08%
ROCE, 5-year average28.93%
ROA, 5-year average17.87%
ROIC (approx.)21.40%
Tax rate26.33%
Other income / net worth0.83%
Growth
Sales growth (latest year)10.16%
Profit growth (latest year)22.69%
Sales CAGR, 3 years5.85%
Sales CAGR, 5 years18.69%
Profit CAGR, 3 years15.92%
Profit CAGR, 5 years22.00%
Sales growth QoQ15.38%
Profit growth QoQ27.04%
Sales growth YoY (latest quarter)15.37%
Profit growth YoY (latest quarter)70.38%
Per share
EPS (TTM)Rs 99.93
EPS (latest year)Rs 88.19
EPS (latest quarter)Rs 28.41
EPS, 3-year averageRs 78.61
EPS, 5-year averageRs 65.69
Book value per shareRs 476.02
Sales per shareRs 691.96
Cash flow per shareRs 104.48
Free cash flow per shareRs -1.18
Dividend per share, 3-year averageRs 2.50
Dividend per share, 5-year averageRs 2.50
Dividends
Dividend payout, 3-year average3.30%
Dividend payout, 5-year average5.13%
Efficiency
Asset turnover1.15x
Fixed asset turnover5.62x
Inventory turnover3.25x
Inventory days112 days
Debtor days67 days
Debtors turnover5.42x
Creditor days50 days
Cash conversion cycle150 days
Working capital days100 days
Leverage
Total debtRs 29 Cr
Cash and bankRs 67 Cr
Net debtRs -38 Cr
Debt to equity0.04x
Net debt / EBITDA-0.16x
Current ratio (filing 2026-03-31)3.47x
Quick ratio (filing 2026-03-31)2.03x
Trade payables (filing 2026-03-31)Rs 82 Cr
Owners' fund to total sources82.40%
Debt to assets2.97%
Cash flow
Cash from Operating Activity (latest year)Rs 177 Cr
Cash from Investing Activity (latest year)Rs -156 Cr
Cash from Financing Activity (latest year)Rs -3 Cr
Net Cash Flow (latest year)Rs 18 Cr
Free cash flow (latest year)Rs -2 Cr
FCFE (approx.: FCF + change in debt)Rs -9 Cr
Cash from ops / profit, 5 years0.84x
Sales to cash flow6.38x
Statement figures
Net sales (TTM)Rs 1,173 Cr
Net sales (latest year)Rs 1,129 Cr
Sales (latest quarter)Rs 326 Cr
Operating profit excl. other income (latest year)Rs 220 Cr
Operating profit (latest quarter)Rs 69 Cr
Other income (TTM)Rs 7 Cr
EBITDA (TTM)Rs 243 Cr
PBDT (TTM)Rs 247 Cr
Profit before tax (TTM)Rs 227 Cr
Tax (latest year)Rs 53 Cr
Net profit (TTM)Rs 169 Cr
Net profit (latest year)Rs 149 Cr
Net profit (latest quarter)Rs 48 Cr
Depreciation (TTM)Rs 20 Cr
Depreciation (latest quarter)Rs 4 Cr
Interest (TTM)Rs -3 Cr
Cost of goods sold (latest year)Rs 711 Cr
Total expenditure (latest year)Rs 909 Cr
Total income (latest year)Rs 1,136 Cr
Share capitalRs 8 Cr
ReservesRs 798 Cr
Shareholders' fundsRs 807 Cr
Total assetsRs 979 Cr
Net blockRs 201 Cr
Capital work in progressRs 221 Cr
InvestmentsRs 1 Cr
ReceivablesRs 208 Cr
InventoryRs 218 Cr
Other liabilitiesRs 143 Cr
Shares outstanding (crore)1.69
Ownership
Promoter holding56.86% (+4.67 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 32.2 is at the 75th percentile of its own 9.4-year range (median 29.7, low 5.2, high 80.4).
P/B 6.76 is at the 69th percentile (median 5.98).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSTYLAMINDNifty 50Difference
1 week-3.0%-2.8% -0.2 pts
1 month-3.7%-6.8% +3.1 pts
3 months-0.3%-7.6% +7.3 pts
6 months+48.8%+0.4% +48.4 pts
1 year+88.5%-9.9% +98.4 pts
2 years+60.7%-13.6% +74.2 pts
3 years+86.8%+14.2% +72.7 pts
5 years+188.9%+27.9% +161.0 pts
14 mutual fund schemes hold about ₹483 Cr. Over three months 0 bought more and 10 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
DSP Small Cap Fund0.70%151 -3%
Aditya Birla SL Midcap Fund1.08%75 -6%
Aditya Birla SL Midcap Fund1.08%73 -6%
Aditya Birla SL Small Cap Fund0.67%42 -1%
Bank of India Small Cap Fund1.15%38 -37%
HSBC India Export Opportunities Fund2.13%28 -17%
Bank of India Multi Cap Fund2.08%28 -29%
Bank of India Mfg & Infra Fund(Q2.19%21 -27%
Aditya Birla SL Special Opp Fund0.78%10 -3%
Bank of India Consumption Fund2.15%8 -33%
Bank of India Large & Mid Cap Fund1.31%7 -21%
Bank of India Large Cap Fund0.96%2 -38%
Motilal Oswal BSE 1000 Index Fund0.01%0 +0%
Mahindra Manulife Multi Cap Fund0.00%0 -100%

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹326 Cr +15.2% vs Jun 2025. Net profit ₹48 Cr +71.4%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-23Annual General Meeting
2023-11-17Interim Dividend - Rs 2.50 Per Share
2023-09-22Annual General Meeting
2022-09-22Annual General Meeting
2021-09-22 Annual General Meeting
DateTypeWhat it says
2026-09-22Commencement of commercial pCommencement of commercial production.
2026-08-29Shareholder meetingStylam Industries Limited has submitted the Exchange a copy Srutinizers report on the e-voting results of 35th Annual General Meeting held on 28th Aug...
2026-08-28Shareholder meetingProceedings of Annual General Meeting held on August 28, 2026
2026-08-05UpdatesThe letter to the Shareholders.
2026-08-04UpdatesThe Annual Report for the Financial Year 2025-26..
2026-08-04UpdatesThe BRSR for the FY ended 2025-26..
2026-08-04Shareholder meetingNotice of Annual General Meeting to be held on August 28, 2026
2026-07-27Concall / analyst meetTranscript
2026-07-24Concall / analyst meetLink of Recording
2026-07-23Investor PresentationInvestor Presentation
2026-07-22Updates35th Annual General Meeting of The Company is scheduled on Friday, August 28, 2026.
2026-07-22Board meeting outcomeStylam Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-18Concall / analyst meetSchedule of Investors meet
2026-06-19Disclosure under SEBI TakeovStylam Industries Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Sub...
2026-06-19Disclosure under SEBI TakeovStylam Industries Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Sub...
2026-06-17AppointmentAppointment of Mr. Adisak Thiaphairat as Non- Executive Director of the company w.e.f. Jun 17, 2026.
2026-06-17AppointmentAppointment of Mr. Makoto Tanaka as Non- Executive Director of the company w.e.f. Jun 17, 2026.
2026-06-17AppointmentAppointment of Mr. Koshi Suzuki as Non- Executive Director of the company w.e.f. Jun 17, 2026.
2026-06-17AppointmentAppointment of Mr. Yuji Iwatsuka as Non- Executive Director of the company w.e.f. Jun 17, 2026.
2026-06-17AppointmentAppointment of Mr. Nobuyuki Omura as Non- Executive Director of the company w.e.f. Jun 17, 2026.
2026-06-17AppointmentAppointment of Mr. Naruhiro Amada as Executive Director (Whole Time Director) of the company w.e.f. Jun 17, 2026.
2026-06-17AppointmentAppointment of Mr. Kenji Ebihara as Non- Executive Director of the company w.e.f. Jun 17, 2026.
2026-06-17AppointmentAppointment of Tirloki Nath Singla as Non- Executive Independent Director of the company w.e.f. Jun 17, 2026.
2026-06-17Board meeting outcomeAmendment of Articles of Association of the Company.
2026-06-17Change in ManagementChange in Management
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Stylam Industries Ltd?

Stylam Industries Ltd (STYLAMIND) has a market capitalisation of Rs 5,655 Cr. at the 2026-10-01 close.

What is the P/E ratio of Stylam Industries Ltd?

Stylam Industries Ltd trades at a P/E of 33.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Stylam Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Stylam Industries Ltd sales was Rs 326 Cr (+15.2% vs Jun 2025) and net profit was Rs 48 Cr.

What is the 52-week high and low of Stylam Industries Ltd?

The 52-week high is Rs 4,150.00 and the 52-week low is Rs 1,629.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03