TickerSutra

NSE: STYLAMIND · BSE: 526951 · ISIN INE239C01020

Stylam Industries Limited stock analysis

Stylam Industries Limited ranks #208 in the TickerSutra evidence-ranked universe with a score of 69/100 and 95% data confidence. The latest captured fundamentals show ROCE of 26.6%, quarterly sales growth of 15.4% and quarterly profit growth of 70.4%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE69/100

Watchlist candidate

#208 of 5,430 ranked equities
Market capitalisation₹5,677.27cr
ROCE26.6%
Quarterly sales growth15.4%
Quarterly profit growth70.4%
P/E ratio33.5×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • ROCE is 26.6%
  • Low debt/equity of 0.04×
  • Strong CFO/EBITDA of 0.8×
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • No calculated threshold risk in the current snapshot.

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹659cr₹104cr₹61cr16.0%
2023₹952cr₹155cr₹96cr16.0%
2024₹914cr₹184cr₹128cr20.0%
2025₹1,025cr₹185cr₹122cr18.0%
2026₹1,129cr₹220cr₹149cr20.0%
TTM₹1,173cr₹236cr₹169cr20.0%
Debt / equity0.04×
CFO / EBITDA0.80×
Operating margin20.0%
Free cash flow₹-2cr
Sales CAGR · 3Y5.8%
Profit CAGR · 3Y15.8%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

1 positive catalysts0 negative catalysts2 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Export growthHigh severity · 2 mentions
Positive catalyst

Strong demand for office and telecommunications equipment, machinery, chemicals and food products further contributed to export growth, reflecting sustained global trade activity across key sectors. Asian economies remained the primary drivers of global export growth, contributing nearly 71% of the increase in global merchandise trade volumes. Strong manufacturing output, surging shipments of tech hardware and the ra

Niche productsHigh severity · 3 mentions
Positive catalyst

2726 Statutory Reports Financial StatementsCorporate Overview Premium Product Communication Dealer Network Expansion Digital Marketing Customer Experience Global Brand Visibility Channel Partner Engagement Marketing Priorities Marketing Growing with Every Connection Our marketing approach is centred on building meaningful customer relationships and enhancing brand visibility across domestic and international markets.

Institutional interestHigh severity · 2 mentions
Positive catalyst

The sector contributed ~7.3% to the country’s GDP in 2025 and remained among India’s largest employment generators, 10https://assets.kpmg.com/content/dam/kpmgsites/in/pdf/2026/05/reimagining-indias-real-estate-landscape.pdf reflecting its significant economic and social impact. The market was valued at ~USD 650 billion in 2025, supported by sustained demand across asset classes and growing participation from Institut

Export market updatesHigh severity · 33 mentions
Constructive

35+ Years Legacy 1,200+ Designs Product Portfolio 80+ Countries Served Global Presence Opportunities Expansion of Global and Domestic Presence Stylam strengthened its presence across international and domestic markets through a diversified customer base and an extensive distribution network. Export markets remain a key growth driver, supported by increasing penetration across developed and emerging economies. In Indi

Pricing pressureCritical severity · 2 mentions
Negative warning

The Company faces risks regarding its profitability when it cannot fully pass on cost increases to customers. This pricing pressure is especially acute in highly competitive export markets, where maintaining market share often requires absorbing higher input costs rather than raising selling prices. Additionally, supply chain disruptions, freight cost volatility and currency fluctuations could further influence input

Capacity commissioningHigh severity · 4 mentions
Positive catalyst

Building the Capacity to Shape Tomorrow The commissioning of our new greenfield manufacturing facility at Manak Tabra represents a defining step in Stylam’s next phase of growth. With a total investment of approximately ₹334 crore, we expect commercial production to commence by mid-2026, creating additional capacity to serve expanding domestic and international markets while supporting our growth ambitions over the y

Capacity expansion plansHigh severity · 15 mentions
Positive catalyst

D Financial Strength Stylam maintains a strong financial position supported by prudent capital allocation, healthy cash generation and a debt-free balance sheet. The Company's financial discipline provides the flexibility to pursue strategic growth initiatives, undertake capacity expansion and invest in product innovation while maintaining operational resilience across market cycles. Innovation and Technology The Com

Regulatory updatesModerate severity · 46 mentions
Constructive

Adoption of advanced digital technologies to drive core business growth and transformation by integrating data-driven planning, Building Information Modelling (BIM), AI and smart asset management, the industry anticipates significant improvements in project execution, overall operational efficiency and end- user customer experience. While challenges relating to regulatory compliance, technology adoption costs, workfo

Pricing commentaryLow severity · 6 mentions
Watch

Manit Gupta: See, the things, the raw material commodity prices have increased for each and every company, not only laminates, we talk about any company, any product due to this, all the supply are coming from Middle East market. So yes, we have done some price increase. In domestic market, we did in 2 tranches.

Regulatory approvalLow severity · 8 mentions
Watch

(Yes/No) Yes Yes Yes Yes Yes Yes Yes Yes Yes b. Has the policy been approved by the Board? (Yes/No) Yes Yes Yes Yes Yes Yes Yes Yes Yes c.

Delay in approvalLow severity · 1 mention
Negative warning

This option is in the Illustrator Native Format Options dialog box, which appears when saving an Adobe Illustrator /f_ile using the Save As command. Statutory Reports Financial StatementsCorporate Overview 45 Challenges of The Indian Real Estate Sector Regulatory Hurdles Delayed approvals and complex land acquisition processes increase project timelines and costs. Although RERA has improved transparency, compliance l

Raw material inflationLow severity · 3 mentions
Watch

The Company faces risks regarding its profitability when it cannot fully pass on cost increases to customers. This pricing pressure is especially acute in highly competitive export markets, where maintaining market share often requires absorbing higher input costs rather than raising selling prices. Additionally, supply chain disruptions, freight cost volatility and currency fluctuations could further influence input

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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