Mehabe score: 5 G Factor: 4 Piotski Score: 8 The stock has a rating . The mehabe team score is reflective of its fundamental and technical merits. A rating above 8 is considered good buy. The stock has a G-Factor of 4 and Piotski score of 8.
Description
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. Site:STYLAMIND Main Symbol:STYLAMIND
Stock trades at 1013.0, below its 50dma 1062.05. However it is trading above its 200dma 960.93. The stock remains weak in the short term due to near term bearish momentum. However overall bullish structure remains intact. Price action will further build up as it moves above its dma50, currently situated at 1062.05.
The 52 week high is at 1419.90 and the 52week low is at 439.00
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
– is expected to give good quarter
– has delivered good profit growth of 35.31% CAGR over last 5 years
-‘s median sales growth is 15.81% of last 10 years
Weakness
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Competition
– The industry trades at a mean P/E of 27.3x. Indian Energy Ex trades at the industry’s max P/E of 74.21x. STYLAMIND trades at a P/E of 26.4x
– Industry’s mean G-Factor is 3.6 while the mean Piotski score is 9.0. STYLAMIND has a G-Factor of 4 and Piotski scoreof 8.
– Average 1 month return for industry is -3.4%. The max 1- month return was given by Gujarat Gas: a return of 9.18 %
Quarterly Results
Sales for period ended Dec 2021 is Rs 169.0 cr compared to Rs 124.0 cr for period ended Dec 2020, a rise of 36.3% .
vis-vis 25.0 for period ended Dec 2020 .
Operating Margins contracted -536.8 bps for period ended Dec 2021 vis-vis Dec 2020.
Company reported operating profit of Rs 25.0 cr for period ended Dec 2021 and operating profit margin at 14.8 % for same period.
The EPS for quarter ended Dec 2021 is Rs 9.22 compared to Rs 8.88 for previous quarter ended Sep 2021 and Rs 7.41 for Dec 2020.
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 638.0 cr for period ended TTM vis-vis sales of Rs 476.0 cr for the period ended Mar 2021, a healthy growth of 25.4%. The 3 year sales cagr stood at 11.4%.
Operating margins shrank to 17.0% for period ended TTM vis-vis 20.0% for period ended Mar 2021, contraction of 300.0 bps.
Net Profit reported at Rs 68.0 cr for period ended TTM vis-vis sales of Rs 55.0 cr for the period ended Mar 2021, rising 19.1%.
Company recorded a healthy Net Profit CAGR of 20.4% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
CashFlow from operating activities: Rs 79.0 cr for period ended Mar 2021 vis-vis Rs 66.0 cr for period ended Mar 2020
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The stock has given a return of 122% on a 1 Year basis vis-vis a return of 46% over the last 3 Years. – The compounded sales growth on a TTM bassis is 42% vis-vis a compounded sales growth of 12% over the last 3 Years. – The compounded profit growth on a TTM basis is 114% vis-vis a compounded profit growth of 41% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Dec 2021 fii holding stood at 4.92% vis-vis 4.89% for Sep 2021 – Public shareholding has remained largely constant. The Dec 2021 public holding stood at 31.15% vis-vis 31.67% for Sep 2021
Conclusion
– has reduced debt.
– is expected to give good quarter
– has delivered good profit growth of 35.31% CAGR over last 5 years
-‘s median sales growth is 15.81% of last 10 years –
