Stylam Industries Ltd shares closed on September 8 at Rs 1,904.85 per share, up 0.95 percent from the previous close price of Rs 1,885.40, with a market capitalization of Rs 3,228 crores.
According to Bombay Stock Exchange data, the stock has delivered multibagger returns of about 23,329 percent over an 11-year period, spanning from Rs 8.13 in January 2012 to current stock price levels. It indicates that if an investor had invested Rs 1 lakh in the stock eleven years ago, it would have gained to about Rs 2.34 crores.
Stylam Industries manufactures decorative laminates under the brand name “STYLAM” and primarily company sells goods to European and Southeast Asian nations. It produces high-quality ornamental laminates, specialty surfaces, PU+ lacquer coating, solid surfaces, and compact laminates.
Over the years, the company has maintained outstanding financial metrics, with a return on equity of 23.29 percent and a return on capital employed of 31.67 percent. While the net profit margin is 10.08 percent and the operating margin is 14.31 percent.
The company reported a 4 percent decline in net profit for the June quarter, to Rs 225 crore, compared to Rs 234 crore in the same period last year (Q1FY23). Furthermore, revenue jumped by 35 percent to Rs 27 crore from Rs 20 crore in the previous year.
In the previous six months, company share has gained by 73 percent, and in the last year, it has gained by 65 percent.
As per the latest shareholding pattern, The promoters hold a 54.61 percent stake in the company, foreign institutional investors hold 3.59 percent and domestic institutional investors own a 12.91 percent stake.
Written by Omkar Chitnis
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