The shares of Small-cap company specialzing in the manufacturing of decorative laminates under the brand name “STYLAM” and exports jumped upto 9 percent following the imposition of anti-dumping duties on acrylic solid surface imports from China.
Price action
With a market capitalization of Rs. 2,869.14 crores on Wednesday, the shares of Stylam Industries Limited jumped upto 9.07 percent, making a High of Rs. 1801.50 per share compared to its previous closing price of Rs. 1651.55 per share.
What Happened
Stylam Industries Limited is engaged in the manufacturing of decorative laminates under the brand name STYLAM, and exports are in focus upon the imposition of anti-dumping duties on acrylic solid surface imports from China.
Stylam Industries accounts for nearly 70 to 80 percent of the total Acrylic Solid Surfaces that are produced in India. This duty imposed will be for five years and could benefit domestic manufacturers by reducing Chinese imports, potentially boosting Stylam’s market position and revenue prospects.
About the Company
Stylam Industries is a prominent manufacturer of laminates in India, specializing in the production of High Pressure Laminates, Compact Laminates, Specialty Laminates, as well as exclusive and solid surfaces. The company is known for its innovation and commitment to quality, offering a diverse range of products that cater to both domestic and international markets.
Recent Ongoing Development
Stylam Industries is expanding its manufacturing capacity with a new plant in the Panchkula district, Haryana. This will be the company’s third laminates plant, and its operations are expected to begin in June 2025.
Key Insights
The company has a P/E ratio of 21.42, below the industry average of 25.24. It maintains a low debt-to-equity ratio of 0.01 and has achieved an average 3-year net profit growth of 28.10 percent, indicating strong financial health and growth potential.
Financials
The company’s revenue rose by 18.36 percent from Rs. 216.54 crore to Rs. 256.3 crore in Q3FY24 -25. Meanwhile, Net profit fell from Rs. 31.33 crore to Rs. 29.82 crore during the same period.
Written by Sridhar J
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