Stylam Industries Limited (STYLAMIND)

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Stylam Industries Limited (STYLAMIND) · mywealthgrid

About

Stylam Industries manufactures plywood boards and laminates for residential and commercial applications in the Consumer Durables sector. Market cap ₹6,154.98 Cr with quarterly revenues ₹270–326 Cr makes it a mid-cap player in India's organized wood-based composites industry.

Face value: ₹5

Market cap

₹5,442 Cr

P/E

32.1×

P/B

6.8×

Dividend yield

ROE

20.5%

ROCE

27.6%

Debt / equity

0.04

OPM

19.5%

EPS (TTM)

₹100.2

Book value

₹476.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation stretched: PE of 36.25 and 1-year return of 110.14% leave minimal downside protection; verify whether earnings can justify current multiples
Input-cost sensitivity: OPM ranged 19.35–21.09% across four quarters, indicating exposure to wood and resin inflation; verify hedging and supplier diversification
Earnings unpredictability: Net profit swung from ₹37.32 Cr (Sep 2025) to ₹48.15 Cr (Jun 2026); verify whether driven by seasonality, construction cycles, or operational variance
Discretionary-sector cyclicality: Laminate demand correlates with housing and renovation activity, which depend on credit availability and household confidence; verify customer concentration

Generated analysis · source review pending

Growth drivers

Revenue momentum: ₹326.47 Cr (Jun 2026) vs ₹292.4 Cr (Sep 2025) = +11.6% over nine months; verify whether driven by volume growth or price realization
EPS expansion: ₹28.37 (Jun 2026) vs ₹22.16 (Sep 2025) = 28% earnings growth in nine months; verify composition and sustainability
Margin sustenance: OPM held 19.35–21.09% across quarters despite revenue swings; verify whether this reflects sustainable pricing/cost discipline
Debt capacity: D/E of 0.04 provides borrowing headroom for organic capex or strategic acquisitions; verify management's capital-allocation priorities

Generated analysis · source review pending

1,350 historical price candles were omitted because the exchange source has not been verified.

₹3,219.9-3.5%1Y

Quick read

rule-based

Pros

+Strong return on equity of 22.7% (3-yr avg)
+High return on capital employed of 29.9%
+Profit CAGR of 22.1% over the last 5 years
+Revenue CAGR of 18.9% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 59.9×

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

60/100

Business quality: 77
Growth: 61
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Century Plyboards (India) LimitedCENTURYPLYCENTURYPLY	₹14,809 Cr	₹16,439 Cr	₹5,789 Cr	₹720 Cr	12.1%	₹291 Cr	5%	15.4%	10.6%	131
Greenlam Industries LimitedGREENLAMGREENLAM	₹5,449 Cr	₹6,496 Cr	₹3,169 Cr	₹361 Cr	10.7%	₹93 Cr	1.8%	9.7%	4.9%	92
Stylam Industries LimitedSTYLAMINDSTYLAMIND	₹5,442 Cr	₹5,471 Cr	₹1,173 Cr	₹237 Cr	19.5%	₹170 Cr	13.3%	27.6%	20.5%	150
Greenply Industries LimitedGREENPLYGREENPLY	₹3,793 Cr	₹4,282 Cr	₹2,863 Cr	₹287 Cr	9.9%	₹99 Cr	3.3%	18%	10.5%	35
Greenpanel Industries LimitedGREENPANELGREENPANEL	₹1,944 Cr	₹2,212 Cr	₹1,567 Cr	₹246 Cr	15.7%	₹143 Cr	9.1%	12.4%	11.4%	55
Rushil Decor LimitedRUSHILRUSHIL	₹467 Cr	₹726 Cr	₹912 Cr	₹90 Cr	8.1%	₹23 Cr	0.7%	4.9%	1%	-124
Archidply Industries LimitedARCHIDPLYARCHIDPLY	₹203 Cr	₹382 Cr	₹712 Cr	₹48 Cr	6.3%	₹13 Cr	1.2%	17%	7.4%	93
Ecoboard Industries LtdECOBOARECOBOAR	₹156 Cr	₹163 Cr	₹15 Cr	₹-1 Cr	-38.9%	₹11 Cr	-42.2%	-67.2%	-44.7%	119
Duroply Industries LtdDUROPLYDUROPLY	₹105 Cr	₹170 Cr	₹181 Cr	₹-2 Cr	5.2%	₹-2 Cr	0.7%	9.5%	2.1%	115
Archidply Decor LimitedADLADL	₹41 Cr	₹58 Cr	₹46 Cr	₹2 Cr	4.3%	₹-0 Cr	0%	3.6%	0%	417
Adhata Global LtdADHHATAADHHATA	₹10 Cr	₹10 Cr	₹17 Cr	₹2 Cr	-43.3%	₹2 Cr	-49.5%	-48.5%	-79.6%	408

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	462	476	659	952	914	1,025	1,129
COGS	0	247	376	531	474	557	604
Gross profit	—	229	284	421	440	468	525
	382	134	180	266	255	283	305
	80	95	103	155	185	185	221
OPM %	17.2%	20%	15.7%	16.3%	20.2%	18.1%	19.5%
Depreciation	21	23	23	20	22	24	21
Interest	11	6	8	8	3	4	3
	-14	5	8	1	5	8	7
Profit before tax	33	71	80	128	164	165	203
Tax	15	16	19	32	36	43	53
Tax %	43.6%	22.1%	24.2%	25.1%	21.8%	26.1%	26.3%
	19	55	61	96	128	122	150
PAT margin %	4.1%	11.6%	9.2%	10.1%	14.1%	11.9%	13.3%
EPS (₹)	11.1	32.6	36.1	56.6	75.8	71.5	88.3
EPS adjusted (₹)	11.1	32.6	35.9	56.7	75.8	71.9	88.5
	0%	0%	6.9%	0%	3.3%	0%	—
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	8	8	8	8	8	8	8	8
Reserves	177	196	251	308	404	528	649	798
Minority interest	—	0	—	—	—	0	—	—
	170	94	43	65	37	0	36	29
	83	97	105	108	89	71	85	143
Total equity & liabilities	438	395	407	489	538	607	778	979
	184	195	188	179	172	175	177	201
CWIP	13	11	0	0	13	2	83	221
Investments	1	2	1	1	1	0	0	0
	240	188	218	309	352	431	518	557
Total assets	438	395	407	489	538	607	778	979

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	48.2%	43%	44.2%	48.1%	45.6%	46.5%
EBITDA margin %	17.2%	20%	15.7%	16.3%	20.2%	18.1%	19.5%
EBIT margin %	12.7%	15.2%	12.2%	14.2%	17.7%	15.7%	17.7%
PAT margin %	4.1%	11.6%	9.2%	10.1%	14.1%	11.9%	13.3%
Working capital
Receivable days	69	76	66	48	65	73	67
Inventory days	64	106	129	110	112	121	132
Payable days	34	76	56	27	30	30	50
NWC days	99	106	139	131	147	163	150
Leverage
Current ratio	1.39	2.03	2.04	3.23	6.74	4.36	3.48
Debt to EBITDA	1.18	0.45	0.63	0.24	0	0.19	0.13
Debt to equity	0.46	0.16	0.21	0.09	0	0.05	0.04
Interest coverage	5.5	12.8	11.3	16.6	67.2	43.1	59.9
Asset turnover	1.17	1.17	1.35	1.77	1.51	1.32	1.15
Return ratios
Return on assets %	4.8%	13.5%	12.5%	17.8%	21.1%	15.7%	15.3%
Return on capital employed %	22.7%	27.3%	27.6%	35.4%	34.4%	27.7%	27.6%
Return on equity %	9.2%	21.2%	19.3%	23.3%	24%	18.5%	18.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	54.61%	54.61%	54.61%	54.61%	54.61%	52.19%	52.19%	52.19%	52.19%	52.19%	54.11%	56.86%
	4%	3.8%	3.57%	3.84%	3.62%	3.96%	3.68%	2.79%	2.77%	2.04%	2.8%	2.62%
	11.6%	12.02%	11.21%	11.25%	7.9%	11.59%	12.61%	12.31%	13.63%	13.23%	13.32%	12.14%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	29.79%	29.57%	30.61%	30.3%	33.87%	32.26%	31.52%	32.71%	31.41%	32.54%	29.77%	28.38%
No. of shareholders	—	—	—	—	—	—	—	—	35,383	32,827	31,776	31,135

Promoter holding up 2.25 percentage points since Sep 2023.

27 deals · 30 Mar 2022 – 17 Feb 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
17 Feb 2026	AICA KOGYO COMPANY LIMITED	Block	NSE	Buy	29,01,962	₹2,250.00	₹652.94 Cr
17 Feb 2026	AICA KOGYO COMPANY LIMITED	Bulk	NSE	Buy	29,01,962	₹2,250.00	₹652.94 Cr
17 Feb 2026	PUSHPA GUPTA	Block	NSE	Sell	22,36,178	₹2,250.00	₹503.14 Cr
17 Feb 2026	PUSHPA GUPTA	Bulk	NSE	Sell	22,36,178	₹2,250.00	₹503.14 Cr
17 Feb 2026	DIPTI GUPTA	Bulk	NSE	Sell	3,41,400	₹2,250.00	₹76.82 Cr
17 Feb 2026	DIPTI GUPTA	Block	NSE	Sell	3,41,400	₹2,250.00	₹76.82 Cr
17 Feb 2026	MANAV GUPTA	Bulk	NSE	Sell	3,24,384	₹2,250.00	₹72.99 Cr
17 Feb 2026	MANAV GUPTA	Block	NSE	Sell	3,24,384	₹2,250.00	₹72.99 Cr
18 Dec 2024	MANAV GUPTA	Bulk	NSE	Sell	3,86,416	₹2,405.00	₹92.93 Cr
18 Dec 2024	HSBC MUTUAL FUND	Bulk	NSE	Buy	93,052	₹2,404.98	₹22.38 Cr

1–10 of 27

1 / 3

Mr. SUNIL KUMAR SOODNon-Executive - Independent Director-Chairperson
Mr. JAGDISH GUPTAExecutive Director-MD
Mr. MANIT GUPTAExecutive Director
Ms. PURVA KANSALNon-Executive - Independent Director
Mr. Kishan NagpalChief Financial Officer
Mr. NIKHIL GARGNon-Executive - Independent Director
Mr. NOBUYOSHI SAKAINon-Executive - Nominee Director
Mr. SANTOSH KUMAR AGRAWALNon-Executive - Independent Director
Mr. Tirloki Nath SinglaNon-Executive Independent Director
Mr. TIRLOKI NATH SINGLANon-Executive - Independent Director
Mr. Kenji EbiharaNon-Executive Director

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F&O

Current futures and options contracts with compact option-chain pages.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 3 fund houses

Held by these funds

4.35%

of the company's equity

All mutual funds

8.47%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

8 schemes · 3 fund houses

		Shares
Small Cap Fund	DSP Mutual Fund	4.36 L	151.13	0.7%	2.581%	-0
SMALL CAP FUND	Bank of India Mutual Fund	1.1 L	38.11	1.15%	0.651%	-0
Multi Cap FUND	Bank of India Mutual Fund	80,000	27.72	2.08%	0.473%	-27,361
Manufacturing and Infrastructure Fund	Bank of India Mutual Fund	60,000	20.79	2.19%	0.355%	-16,409
Consumption Fund	Bank of India Mutual Fund	23,000	7.97	2.15%	0.136%	-9,949
Large & Mid Cap Fund	Bank of India Mutual Fund	20,000	6.93	1.31%	0.118%	-5,051
Large Cap Fund	Bank of India Mutual Fund	6,388	2.21	0.96%	0.038%	-4,000
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	23	0.01	0.01%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Intimation of Revision in Credit Rating10 Mar 2026

Investor Presentation and earnings call

Jul 2026Transcript AI Summary PPTREC
May 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

4

Interim dividend17 Nov 2023 · ex-date₹2.5
Interim dividend29 Jul 2021 · ex-date₹2.5
Final dividend24 Aug 2010 · ex-date₹0.75
Interim dividend4 Feb 2010 · ex-date₹0.75

1

Board meeting to consider results22 Jul 2026

1

Face value ₹10 → ₹512 Apr 2021 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

15 announcementsExport CSV

28 Sept 2026, 5:36 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	48.2%	43%	44.2%	48.1%	45.6%	46.5%
EBITDA margin %	17.2%	20%	15.7%	16.3%	20.2%	18.1%	19.5%
EBIT margin %	12.7%	15.2%	12.2%	14.2%	17.7%	15.7%	17.7%
PAT margin %	4.1%	11.6%	9.2%	10.1%	14.1%	11.9%	13.3%
Working capital
Receivable days	69	76	66	48	65	73	67
Inventory days	64	106	129	110	112	121	132
Payable days	34	76	56	27	30	30	50
NWC days	99	106	139	131	147	163	150
Leverage
Current ratio	1.39	2.03	2.04	3.23	6.74	4.36	3.48
Debt to EBITDA	1.18	0.45	0.63	0.24	0	0.19	0.13
Debt to equity	0.46	0.16	0.21	0.09	0	0.05	0.04
Interest coverage	5.5	12.8	11.3	16.6	67.2	43.1	59.9
Asset turnover	1.17	1.17	1.35	1.77	1.51	1.32	1.15
Return ratios
Return on assets %	4.8%	13.5%	12.5%	17.8%	21.1%	15.7%	15.3%
Return on capital employed %	22.7%	27.3%	27.6%	35.4%	34.4%	27.7%	27.6%
Return on equity %	9.2%	21.2%	19.3%	23.3%	24%	18.5%	18.6%

Date	Category	Subject	Filing
28 Sept 2026, 5:36 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
22 Sept 2026, 10:28 am	Company Update General	Commencement Of Commercial Production	PDF
29 Aug 2026, 5:49 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
28 Aug 2026, 5:29 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
27 Jul 2026, 5:16 pm	Company Update Earnings Call Transcript	Announcement under Regulation 30 (LODR)-Earnings Call Transcript	PDF
27 Jul 2026, 12:36 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
24 Jul 2026, 5:57 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome	PDF
23 Jul 2026, 5:06 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	28	66	79	11	66	113	107	177
	-53	19	-5	-30	-12	-21	-126	-156
	22	-80	-64	12	-36	-47	-4	-3
Net cash flow	-2	5	9	-6	18	45	-23	18
Free cash flow	—	—	73	-4	40	94	-0	-14
CFO / Operating profit %	—	82.8%	82.8%	10.3%	42.8%	61.2%	58%	80.4%

Stylam Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

4

1

1

Announcements

4

1

1

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Stylam Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Dividends4

Board meetings1

Stock splits1

Announcements

Dividends4

Board meetings1

Stock splits1

Ratio timeline

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

4

1

1

4

1

1