| Management target | Revenue 30.0% FY27 |
|---|
| Revenue growth | Driven by exports; domestic growth stagnant at 300Cr run-rate for years. |
|---|---|
| Margins | Record 21% EBITDA margins due to high utilization and efficiency gains. |
| Order book | Operating at near full capacity; orders pending new plant commissioning. |
| Demand visibility | Strong export demand from Europe; domestic recovery expected from Q3 FY27. |
| Management confidence | Balanced, but defensive regarding repeated plant commissioning delays and family issues. |
Growth
Margins expanded to 21% via operating efficiencies and lower expenses despite lower exports; domestic revenue remains flat at 300Cr for four years.
Outlook
New plant expected to contribute 250-300Cr revenue in FY27 at 30% capacity utilization. Overall 15% export growth targeted.
Risks
Execution risk remains high with plant delays attributed to family issues and regulatory hurdles. Domestic recovery lacks clear visibility until Q3.
Last quarter's promises, checked
Delivered
- Guided 22-24% margin pattern → delivered 21% (≈ BEAT)
- Guided 49% gross margin → delivered 49% (= BEAT)
- Guided INR 15Cr acrylic turnover → delivered INR 15Cr (= BEAT)
Partly delivered
- Guided INR 300-400Cr new plant revenue → delivered 250-300Cr (= PARTIAL)
Missed
- Guided June/July plant start → delivered September (= MISS)
- Guided 30-40% utilization Q2 FY27 → delivered delay (= MISS)
Earnings Call Transcript filed with BSE, NSE: STYLAMIND. Summary written with AI assistance from the document.
Stylam Industries Ltd: key numbers
- Share price
- ₹3,335.80
- Market cap
- ₹5,654 Cr
- Revenue (annual)
- ₹1,129 Cr
- Net profit (annual)
- ₹149.9 Cr
- P/E (TTM)
- 33.3×Sector 44.0×
- Promoter holding
- 56.86%+2.75% QoQ
- FII holding
- 2.62%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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