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Swing Capital

Stylam Industries Ltd

NSE: STYLAMIND BSE: 526951

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]

₹2,842
52W: ₹1575 — ₹2842
PE 32.2 · Book ₹476 · +497% vs book
Market Cap₹4,817 Cr
Stock P/E32.2Price to Earnings
ROCE27%Return on Capital
ROE20.4%Return on Equity
Div. Yield0%Face Value ₹5

Strengths

  • +Company is almost debt free.
  • +Promoter holding has increased by 1.92% over last quarter.

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend

Shareholding Pattern

Promoters54.1%
FIIs2.81%
DIIs13.31%
Public29.78%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters54.61%54.61%52.19%▼2.452.19%52.19%52.19%52.19%54.1%▲1.9
FIIs3.84%3.62%▼0.23.95%▲0.33.68%▼0.32.79%▼0.92.77%▼0.02.04%▼0.72.81%▲0.8
DIIs11.25%7.9%▼3.311.59%▲3.712.62%▲1.012.3%▼0.313.63%▲1.313.24%▼0.413.31%▲0.1
Public30.29%33.86%▲3.632.25%▼1.631.51%▼0.732.7%▲1.231.41%▼1.332.52%▲1.129.78%▼2.7

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales215240243263255265283292271283
Expenses167192201208209222230236215228
Operating Profit48484254464353575655
OPM %22%20%17%21%18%16%19%19%21%20%
Net Profit31382834302928374638
EPS ₹18.4822.1616.7320.1217.9417.0916.6722.0327.1422.36

AI Insights

Revenue Trend

Mar 2026 revenue at ₹1,129Cr, up 10.1% YoY. OPM at 20%.

Debt Position

Borrowings at ₹29Cr. Debt-to-equity ratio: 0.04x. Healthy balance sheet.

Capex Cycle

CWIP at ₹221Cr (110% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 13.31% (+0.35pp change). FIIs: 2.81% (-0.78pp change). Promoters hold 54.1%.

Margin & Efficiency

ROCE improving from 16% (Mar 2015) to 27% (Mar 2026). Working capital days: 100.

Valuation

PE 32.2x with 27% ROCE. Price is 497% above book value of ₹476. Dividend yield: 0%.

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