BSE: 526951 | NSE: STYLAMIND | Laminates/Decoratives | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Stylam Industries Ltd is a average quality company.
The key valuation ratios of Stylam Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 0% | 0% | 0% | 16.9% | 12.7% | 24% | 24.8% | 31.9% | 33.5% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | 0.2 | -0.1 | 0.7 | 0.8 | 1.3 | 1.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0 | 0 | 0 | 0 | 461 | 462 | 480 | 659 | 952 | 914 | 960 |
| Sales YoY Gr. | - | NA | NA | NA | NA | 0.3% | 3.8% | 37.5% | 44.4% | -4% | - |
| Adj EPS ⓘ | 0 | 0 | 0 | 0 | 23 | 17.4 | 32.3 | 35.7 | 56.5 | 75.7 | 77.5 |
| YoY Gr. | - | NA | NA | NA | NA | -24.2% | 85% | 10.8% | 58.3% | 33.8% | - |
| BVPS (₹) ⓘ | 0 | 0 | 0 | 0 | 109.5 | 120.5 | 153.1 | 186.5 | 243.1 | 316.4 | 353.4 |
| Adj Net Profit ⓘ | 0 | 0 | 0 | 0 | 39 | 29.5 | 54.7 | 60.5 | 95.8 | 128 | 131 |
| Cash Flow from Ops. ⓘ | 0 | 0 | 0 | 0 | 28.5 | 65.9 | 78.9 | 5.9 | 66.2 | 113 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 6.6 | 1.8 | 0.8 | 13.4 | 0.7 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 14.7% | 24% | -4% | ||||
| Adj EPS ⓘ | NA | 26.9% | 32.9% | 33.8% | ||||
| BVPSⓘ | NA | 23.7% | 27.4% | 30.1% | ||||
| Share Price | 51.6% | 57.9% | 31.1% | 37.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | 0 | 0 | 0 | 21 | 15.2 | 23.6 | 21 | 26.3 | 27 | 23.1 |
| Op. Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 17.4 | 17.2 | 20.7 | 15.7 | 16.3 | 20.1 | 20 |
| Net Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 8.5 | 6.4 | 11.4 | 9.2 | 10.1 | 14 | 13.7 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 1 | 0.6 | 0.2 | 0.3 | 0.1 | 0 | 0 |
| Working Cap Days ⓘ | 0 | 0 | 0 | 0 | 0 | 146 | 146 | 139 | 120 | 137 | 82 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 0 | 0 | 89 | 84 | 83 | 81 | 98 | 68 |
Sales growth is growing at healthy rate in last 3 years 23.99%
Net Profit is growing at healthy rate in last 3 years 32.88%
Return on Equity has declined versus last 3 years average to 23.10%
Sales growth is not so good in last 4 quarters at 3.20%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 77.5 | 77.5 |
| TTM Sales (₹ Cr.) | 960 | 960 |
| BVPS (₹.) ⓘ | 353.6 | 353.4 |
| Reserves (₹ Cr.) ⓘ | 591 | 591 |
| P/BV ⓘ | 6.89 | 6.90 |
| PE ⓘ | 31.45 | 31.44 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1406.80 / 2736.00 |
| All Time Low / High (₹) | 0.50 / 2736.00 |
| Market Cap (₹ Cr.) | 4,131 |
| Equity (₹ Cr.) | 8.5 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 38 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 461 | 462 | 480 | 659 | 952 | 914 |
| Operating Expenses ⓘ | 381 | 383 | 381 | 556 | 797 | 731 |
| Manufacturing Costs | 50 | 55 | 50 | 63 | 90 | 84 |
| Material Costs | 260 | 249 | 247 | 376 | 531 | 474 |
| Employee Cost | 30 | 38 | 38 | 55 | 69 | 75 |
| Other Costs ⓘ | 40 | 41 | 46 | 62 | 108 | 97 |
| Operating Profit ⓘ | 80 | 80 | 99 | 104 | 155 | 183 |
| Operating Profit Margin (%) | 17.3% | 17.2% | 20.6% | 15.7% | 16.3% | 20.1% |
| Other Income ⓘ | 2 | 1 | 1 | 8 | 1 | 6 |
| Interest ⓘ | 11 | 11 | 6 | 8 | 8 | 2 |
| Depreciation ⓘ | 18 | 21 | 23 | 23 | 20 | 22 |
| Exceptional Items ⓘ | 0 | -15 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 52 | 33 | 71 | 81 | 128 | 164 |
| Tax ⓘ | 13 | 15 | 16 | 19 | 32 | 36 |
| Profit After Tax | 39 | 19 | 55 | 61 | 96 | 128 |
| PAT Margin (%) | 8.4% | 4.1% | 11.5% | 9.3% | 10.1% | 14.1% |
| Adjusted EPS (₹) | 22.9 | 11.1 | 32.5 | 35.9 | 56.6 | 75.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 4% | 7% | 0% | 3% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 186 | 204 | 259 | 316 | 412 | 536 | ||||
| Share Capital ⓘ | 8 | 8 | 8 | 8 | 8 | 8 | ||||
| Reserves ⓘ | 177 | 196 | 251 | 308 | 404 | 528 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 170 | 94 | 43 | 65 | 37 | 0 | ||||
| Long Term Debt | 98 | 36 | 21 | 9 | 1 | 0 | ||||
| Short Term Debt | 72 | 59 | 21 | 56 | 36 | 0 | ||||
| Trade Payables | 27 | 36 | 51 | 58 | 40 | 39 | ||||
| Others Liabilities ⓘ | 56 | 61 | 54 | 50 | 49 | 32 | ||||
| Total Liabilities ⓘ | 438 | 395 | 407 | 489 | 538 | 607 | ||||
Fixed Assets | ||||||||||
| Gross Block | 252 | 283 | 297 | 310 | 323 | 347 | ||||
| Accumulated Depreciation | 68 | 88 | 109 | 131 | 151 | 172 | ||||
| Net Fixed Assetsⓘ | 184 | 195 | 188 | 179 | 172 | 175 | ||||
| CWIP ⓘ | 13 | 11 | 0 | 0 | 13 | 2 | ||||
| Investmentsⓘ | 1 | 1 | 1 | 1 | 1 | 0 | ||||
| Inventories | 66 | 67 | 72 | 133 | 160 | 145 | ||||
| Trade Receivables | 79 | 87 | 99 | 119 | 126 | 162 | ||||
| Cash Equivalents | 2 | 6 | 15 | 9 | 27 | 72 | ||||
| Others Assetsⓘ | 92 | 27 | 32 | 49 | 40 | 51 | ||||
| Total Assets ⓘ | 438 | 395 | 407 | 489 | 538 | 607 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 28 | 66 | 79 | 6 | 66 | 113 |
| PBT ⓘ | 52 | 49 | 71 | 81 | 128 | 164 |
| Adjustment ⓘ | 26 | 29 | 27 | 20 | 23 | 20 |
| Changes in Working Capital ⓘ | -41 | 6 | -2 | -71 | -59 | -27 |
| Tax Paid ⓘ | -9 | -17 | -17 | -19 | -26 | -41 |
| Cash Flow From Investing Activity ⓘ | -53 | 19 | -5 | -30 | -12 | -21 |
| Capex | -45 | 9 | -6 | -14 | -17 | -26 |
| Net Investments | -7 | 10 | 1 | -16 | 4 | 1 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 4 |
| Cash Flow From Financing Activityⓘ | 22 | -80 | -64 | 17 | -36 | -47 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 35 | -58 | -23 | -15 | -13 | -10 |
| Interest Paid ⓘ | -8 | -9 | -3 | -3 | -3 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -5 | -14 | -37 | 35 | -20 | -36 |
| Net Cash Flow ⓘ | -2 | 5 | 9 | -6 | 18 | 45 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 20.92 | 9.68 | 23.83 | 21.23 | 26.36 | 27.09 | ||||
| ROCE (%) | 16.9 | 12.73 | 23.99 | 24.76 | 31.89 | 33.5 | ||||
| Asset Turnover Ratio | 1.05 | 1.11 | 1.2 | 1.47 | 1.85 | 1.6 | ||||
| PAT to CFO Conversion(x) | 0.72 | 3.47 | 1.44 | 0.1 | 0.69 | 0.88 | Working Capital Days | |||
| Receivable Days | 63 | 66 | 71 | 60 | 47 | 57 | ||||
| Inventory Days | 52 | 53 | 53 | 57 | 56 | 61 | ||||
| Payable Days | 38 | 46 | 64 | 53 | 34 | 30 | ||||
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:
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:
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