Stylam Industries Limited (STYLAMIND) AI Stock Analysis

• Market Cap: ₹36.78B
• Dividend Yield: N/A
• Average Volume (3M): 2.17K
• Price to Earnings (P/E): 30.2
• Beta (1Y): 0.92
• Revenue Growth: 14.11%
• EPS Growth: -7.20%
• Country: IN
• Employees: 1,081
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 22.00
• Shares Outstanding: 16,948,060
• 10 Day Avg. Volume: 1,952
• 30 Day Avg. Volume: 2,173
• PEG Ratio: -4.69
• Price to Book (P/B): 4.44
• Price to Sales (P/S): 2.85
• P/FCF Ratio: 9.65K
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: ₹2,357.00 ▲(6.43% Upside)

Stylam Industries Limited exhibits strong financial performance and technical momentum, driving the overall score. However, the high P/E ratio and challenges in free cash flow generation are notable risks. The absence of earnings call and corporate events data limits additional insights.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective sales strategies, supporting long-term business expansion.

Balance Sheet Health

A low debt-to-equity ratio suggests financial stability and lower risk, providing flexibility for future investments and growth.

Gross Profit Margin Improvement

Improved gross profit margins reflect better cost management and pricing power, enhancing profitability and competitive positioning.

Negative Factors

Free Cash Flow Volatility

Volatile free cash flow can limit the company's ability to reinvest in growth opportunities and manage financial obligations effectively.

Net Profit Margin Pressure

Decreasing net profit margins indicate potential cost pressures or pricing challenges, which could affect long-term profitability.

EPS Growth Decline

Negative EPS growth suggests challenges in maintaining earnings growth, which could impact investor confidence and stock performance.

Stylam Industries Limited Business Overview & Revenue Model

Company Description

Stylam Industries Limited manufactures and sells decorative laminated sheets for residential and industrial applications in India and internationally. It offers claddings and cubicles; anti-fingerprint, gloss, and exterior grade laminates; compact, solid, and special surface laminates; and wood and plywood wooden panels. Stylam Industries Limited also exports its products to approximately 65 countries, including Europe, the Far East, the Middle East, the United States, and internationally. The company was formerly known as Golden laminates Ltd. Stylam Industries Limited was incorporated in 1991 and is based in Chandigarh, India.

How the Company Makes Money

Stylam Industries generates revenue primarily through the sale of decorative laminates and allied products. The company has established a diverse revenue model that includes direct sales to retailers, distributors, and manufacturers in the furniture and interior design sectors. Key revenue streams come from both domestic sales and exports, with a significant portion of earnings derived from international markets. Additionally, Stylam Industries benefits from strategic partnerships with distributors and retailers that enhance its market reach and brand visibility. The company's commitment to quality and innovation, along with its ability to adapt to market trends, further contributes to its financial performance.

Stylam Industries Limited Financial Statement Overview

Summary

Stylam Industries Limited demonstrates strong financial health with consistent revenue growth and efficient operations. The balance sheet is solid with low leverage, but challenges in free cash flow generation could pose potential risks.

Income Statement

Stylam Industries Limited has shown consistent revenue growth with a 2.54% increase in the latest year. The gross profit margin has improved significantly to 35.15%, indicating better cost management. However, the net profit margin has slightly decreased to 11.89%, suggesting some pressure on net earnings. The EBIT and EBITDA margins remain strong, reflecting operational efficiency.

Balance Sheet

The company maintains a strong balance sheet with a low debt-to-equity ratio of 0.054, indicating minimal leverage and financial risk. The return on equity is healthy at 18.54%, showcasing effective use of equity capital. The equity ratio of 84.47% suggests a solid capital structure with a high proportion of equity financing.

Cash Flow

Operating cash flow remains robust, covering net income adequately with a ratio of 1.01. However, free cash flow has experienced volatility, with a significant drop in the latest year. The free cash flow to net income ratio is low at 0.28%, indicating limited cash available after capital expenditures.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	10.65B	10.25B	9.14B	9.52B	6.59B	4.80B
Gross Profit	4.31B	3.60B	3.61B	4.21B	2.21B	1.22B
EBITDA	2.00B	1.93B	1.87B	1.53B	1.08B	986.90M
Net Income	1.22B	1.22B	1.28B	959.80M	608.86M	552.50M
Balance Sheet
Total Assets	0.00	7.78B	6.07B	5.38B	4.89B	4.07B
Cash, Cash Equivalents and Short-Term Investments	506.83M	499.73M	719.86M	269.30M	20.29M	150.18M
Total Debt	0.00	360.71M	6.74M	469.30M	794.23M	591.52M
Total Liabilities	-6.57B	1.21B	710.52M	1.26B	1.73B	1.48B
Stockholders Equity	6.57B	6.57B	5.36B	4.12B	3.16B	2.59B
Cash Flow
Free Cash Flow	0.00	3.03M	934.92M	401.27M	-25.56M	722.79M
Operating Cash Flow	0.00	1.07B	1.13B	662.07M	123.77M	788.86M
Investing Cash Flow	0.00	-1.26B	-208.67M	-123.10M	-360.02M	-54.47M
Financing Cash Flow	0.00	-39.16M	-467.73M	-358.33M	171.43M	-644.17M

Stylam Industries Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2214.65
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:STYLAMIND, the sentiment is Positive. The current price of 2214.65 is above the 20-day moving average (MA) of 2212.05, above the 50-day MA of 2120.23, and above the 200-day MA of 1823.09, indicating a neutral trend. The MACD of 20.54 indicates Positive momentum. The RSI at 49.42 is Neutral, neither overbought nor oversold. The STOCH value of 18.95 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:STYLAMIND.

Stylam Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GOODLUCK	76 Outperform	₹36.59B	21.99	―	0.38%	9.57%	3.24%
STYLAMIND	74 Outperform	₹36.78B	30.17	―	―	14.11%	-7.20%
LAOPALA	64 Neutral	₹22.31B	22.09	―	3.64%	-8.09%	-12.59%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
HIMATSEIDE	50 Neutral	₹13.30B	15.33	―	0.21%	-7.55%	-30.11%

Stylam Industries Limited Corporate Events

Stylam Industries Receives Draft Letter for Aica Kogyo’s 26% Open Offer

Stylam Industries Limited has informed the stock exchanges that it has received a draft letter of offer relating to an open offer by Japan-based Aica Kogyo Company, Limited to acquire up to 44,06,496 equity shares, representing 26% of Stylam’s voting share capital, from its public shareholders. The open offer, managed by ICICI Securities under India’s takeover regulations, follows an earlier public announcement and detailed public statement filed with SEBI and the stock exchanges, and marks a significant potential change in Stylam’s shareholding structure that could strengthen strategic ownership and potentially influence future governance and control dynamics for minority investors.

Stylam Industries Closes Trading Window Ahead of December Quarter Results

Stylam Industries Limited has announced the closure of its trading window for designated persons and their immediate relatives from 1 January 2026 until 48 hours after the declaration of its unaudited financial results for the quarter ended 31 December 2025. The move, in line with SEBI’s Prohibition of Insider Trading Regulations and the company’s internal code of conduct, is a routine compliance step intended to prevent insider trading and ensure orderly disclosure of financial information to the market.

Stylam Promoters to Sell 34.6% Stake to Aica Kogyo, Triggering Open Offer and New Shareholders’ Pact

Stylam Industries has disclosed that two promoter groups have entered into definitive share purchase agreements with Japan-based Aica Kogyo Company, Limited for the sale of a combined 34.6% of the company’s equity share capital, to be executed in two tranches. In parallel, the board approved, and the parties executed, a new shareholders’ agreement between the existing promoter group and Aica Kogyo to govern future management and inter se rights, with the transactions triggering a mandatory open offer under Indian takeover regulations, potentially leading to a significant shift in ownership structure and strategic control for existing shareholders and stakeholders.

Stylam Promoters Strike Share Sale Deal With Aica Kogyo, Triggering SEBI Open Offer

Stylam Industries Limited has announced that members of the promoter and promoter group have entered into two separate share purchase agreements with Japan-based Aica Kogyo Company, Limited, under which Seller Group 1 will sell 45,96,768 equity shares representing 21.72% of the company’s paid-up share capital, and Seller Group 2 will sell up to 21,82,456 equity shares representing 12.88% of the paid-up share capital, both in two tranches. The board has also approved, and the parties have executed, a shareholders’ agreement to define management arrangements and inter se rights and obligations between the existing promoter group and Aica Kogyo, and, as a result of these transactions, the acquirer will be obligated to launch an open offer under SEBI takeover regulations, potentially leading to a significant change in the company’s ownership structure and influence over its strategic direction.

Stylam Industries Joins Settlement Resolving Dispute Over 4.55% Shareholding

Stylam Industries Limited has disclosed that it is a confirming party to a compromise-cum-settlement agreement executed on 26 December 2025 between two family groups of shareholders, resolving all claims, disputes and legal proceedings over 4.55% of the company’s equity, representing 771,400 shares originally registered in the name of the late Rattan Devi and later transferred to Pushpa Gupta. The settlement formalises a full and final resolution of a long-running ownership dispute among the Gupta family shareholders, bringing clarity over a meaningful minority stake in the company and potentially reducing legal overhang and governance uncertainty for investors and other stakeholders.