STYLAMIND
Stylam Industries share price & financials
- Price
- ₹3,250.4
- Market cap
- ₹5.8k Cr
- Sector
- Consumer Durables
- Calls analysed
- 4
Stylam Industries Limited Q1 FY27
What went well
- EBITDA margin exceeded 20% in Q1 FY27, attributed to efficiency and higher utilization, with expectations of maintaining 19-20% plus margins.
- New plant is expected to achieve 20-30% plus capacity utilization in its first year, contributing ₹250-300 crores in revenue for FY27.
- Domestic market restructuring involves team building, new distributors, warehouses, and is expected to show results from Q3 FY27.
What to watch
- New plant commissioning has been delayed multiple times and is now targeted for September 1, 2026, from an earlier August target.
- Domestic growth remains in low single digits despite price hikes, with full market revamp expected to take 2-3 quarters.
What Stylam Industries Limited does
Stylam Industries manufactures decorative high-pressure laminates, compact and specialty laminates, acrylic solid surfaces, exterior cladding (Fascia) and restroom cubicles at manufacturing units in Haryana, including one of Asia's largest single-location laminate facilities. It sells through distributors and dealers across Europe, the Middle East, the Far East, North America, South America and India, supported domestically by regional distribution centres for order fulfilment. The company holds several first-in-India technology positions, including the PU+ Lacquer Coating process and Hot Coating Press, and is a Government of India-recognised Star Export House.
Segments
- Laminates & Surface Solutions
- Manufacturing scale ranking
- Asia's second-largest single-location laminate manufacturing facility
- Annual production volume
- 20 Million+ laminate sheets
- Countries served
- 80+
- Global dealer network
- 237 dealers across Europe, Far East, Middle East, North America and South America
- Regional Distribution Centres (India)
- 7 RDCs
- Manufacturing units
- Two units in Haryana (Works I, Panchkula; Works II, Manak Tabra), with a third large-size laminate facility under construction at Manak Tabra
Guidance record · Q1 FY27
what the last two calls moved 16 tracked 2 delivered 0 missed 14 open- Export Revenue Growth delivered said Q4 FY25 Promised: more than 20% Q1 FY27: Promise relates to FY26 and has been achieved. No further updates.
- New Plant Revenue (Full Capacity) revised up said Q4 FY25 Promised: INR 750-800 crores Q1 FY27: Peak revenue potential was not discussed this quarter as the focus was on commissioning and first-year targets.
- Commissioning Date delayed said Q4 FY25 Promised: Commissioning by September 25 Q1 FY27: Delayed again. Commercial production now targeted for September 1, 2026. Management cited 'old family problem' as a past reason for the slowdown.
All 16 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 15.2%, net profit up 71.4% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 263 | 255 | 265 | 283 | 292 +11% | 271 +6% | 283 +7% | 326 +15% |
| EBITDA | 54 | 46 | 43 | 53 | 57 +6% | 56 +22% | 55 +28% | 69 +30% |
| Net profit | 34 | 30 | 29 | 28 | 37 +9% | 46 +53% | 38 +31% | 48 +71% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +84.3% 1Y
1Y: ₹1,806.6 on 10 Sept 2025 → ₹3,329.9. High ₹3,736.4 (18 Aug 2026), low ₹1,629.8 (29 Sept 2025).
How the price took the results
close before → close after
- Q1 FY27
- +0.7%
- 24 Jul
- Q4 FY26
- −3.5%
- 12 May
- Q3 FY26
- −0.3%
- 29 Jan
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 5.8% a year over 3 years, FY23 to FY26. Operating margin widened to 19.6%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹952 Cr | ₹915 Cr | ₹1.0k Cr | ₹1.1k Cr |
| Operating profit | ₹155 Cr | ₹185 Cr | ₹185 Cr | ₹221 Cr |
| Operating margin | 16.3% | 20.2% | 18.0% | 19.6% |
| Interest | ₹8 Cr | ₹3 Cr | ₹4 Cr | ₹3 Cr |
| Depreciation | ₹20 Cr | ₹22 Cr | ₹23 Cr | ₹21 Cr |
| Net profit | ₹96 Cr | ₹129 Cr | ₹121 Cr | ₹149 Cr |
| Net margin | 10.1% | 14.1% | 11.8% | 13.2% |
| Cash from operations | ₹66 Cr | ₹109 Cr | ₹107 Cr | ₹177 Cr |
| Free cash flow | ₹40 Cr | ₹95 Cr | ₹0 Cr | ₹-2 Cr |
| ROCE | 32.0% | 34.0% | 27.0% | 27.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹8 Cr | ₹8 Cr | ₹8 Cr | ₹8 Cr | ₹8 Cr | ₹8 Cr |
| Reserves | ₹251 Cr | ₹308 Cr | ₹404 Cr | ₹528 Cr | ₹715 Cr | ₹798 Cr |
| Borrowings | ₹59 Cr | ₹79 Cr | ₹47 Cr | ₹0 Cr | ₹0 Cr | ₹29 Cr |
| Other liabilities | ₹89 Cr | ₹93 Cr | ₹79 Cr | ₹69 Cr | ₹135 Cr | ₹143 Cr |
| Total liabilities | ₹407 Cr | ₹489 Cr | ₹538 Cr | ₹606 Cr | ₹858 Cr | ₹979 Cr |
| Fixed assets | ₹188 Cr | ₹179 Cr | ₹172 Cr | ₹175 Cr | ₹195 Cr | ₹201 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹13 Cr | ₹2 Cr | ₹163 Cr | ₹221 Cr |
| Investments | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Other assets | ₹218 Cr | ₹308 Cr | ₹351 Cr | ₹428 Cr | ₹498 Cr | ₹556 Cr |
| Total assets | ₹407 Cr | ₹489 Cr | ₹538 Cr | ₹606 Cr | ₹858 Cr | ₹979 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters added +4.67 pp while the public trimmed −4.31 pp. The shareholder count shrank 12% to 31,135.
- Promoters
- 56.9%
- FIIs
- 2.6%
- DIIs
- 12.1%
- Public
- 28.4%
Since Jun 2025
- Promoters +4.67 pp
- Public −4.31 pp
- FIIs −0.17 pp
How it drifted, 12 quarters
Over this window promoters went from 54.6% to 56.9% — +2.3 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 54.6%, FIIs 4.0%, DIIs 11.6%, Public 29.8%.Dec '23: Promoters 54.6%, FIIs 3.8%, DIIs 12.0%, Public 29.6%.Mar '24: Promoters 54.6%, FIIs 3.6%, DIIs 11.2%, Public 30.6%.Jun '24: Promoters 54.6%, FIIs 3.8%, DIIs 11.3%, Public 30.3%.Sep '24: Promoters 54.6%, FIIs 3.6%, DIIs 7.9%, Public 33.9%.Dec '24: Promoters 52.2%, FIIs 4.0%, DIIs 11.6%, Public 32.3%.Mar '25: Promoters 52.2%, FIIs 3.7%, DIIs 12.6%, Public 31.5%.Jun '25: Promoters 52.2%, FIIs 2.8%, DIIs 12.3%, Public 32.7%.Sep '25: Promoters 52.2%, FIIs 2.8%, DIIs 13.6%, Public 31.4%.Dec '25: Promoters 52.2%, FIIs 2.0%, DIIs 13.2%, Public 32.5%.Mar '26: Promoters 54.1%, FIIs 2.8%, DIIs 13.3%, Public 29.8%.Jun '26: Promoters 56.9%, FIIs 2.6%, DIIs 12.1%, Public 28.4%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Aica Kogyo Company Limited +12.88 pp 40.00% held
- Vanaja Sundar Iyer newly disclosed 1.13% held
The same filing shows 5 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Stylam Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Aica Kogyo Company Limited | 40.00% | +12.88 pp |
| Jagdish Gupta | 11.11% | −7.56 pp |
| Manit Gupta | 5.75% | unchanged |
| DSP Small Cap Fund Mutual fund | 2.57% | unchanged |
| Bank Of India Small Cap Fund Mutual fund | 2.39% | −0.13 pp |
| Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Small Cap Fund Mutual fund | 2.26% | −0.10 pp |
| Abakkus Growth Fund-2 AIF | 2.09% | unchanged |
| Vanaja Sundar Iyer | 1.13% | newly disclosed |
| Nidhi Gupta | 0.00% | −2.17 pp |
| Saru Gupta | 0.00% | −0.39 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
ExpensiveTo justify its price of ₹3330, this stock must grow earnings at 21% every year for 7 years. Our analysis caps realistic growth at ~15%. At that growth it is worth ₹2420 — downside of 27%.
- Growth the price implies
- 21.3% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 15.0% a year
- net profit, FY23–FY26 · EPS 15.1%
- The gap
- 0.1 pp
- -27% downside if it only repeats history
All earnings calls (4)
Read the Q1 FY27 call →Learn to analyse Stylam Industries Limited
Guides on how to read this kind of business and the numbers that matter.