Shares of multibagger Stylam Industries Ltd hit a record high today. The small cap stock zoomed 7.27% to a high of Rs 1719 against the previous close of Rs 1602.55 in the afternoon session on BSE. Stylam Industries stock opened marginally higher at Rs 107 today on BSE. The stock of the laminates mak…

Multibagger laminates stock hits record high; zooms 7% intraday

Operating in 80 plus countries, Stylam Industries derives significant revenue from exports (67%).

Stylam Industries - Cementing Its Position In Wood Panels: Anand Rathi Initiates Coverage

East India Securities recommended accumulate rating on Stylam Industries with a target price of Rs 1267 in its research report dated December 16, 2022.

Accumulate Stylam Industries; target of Rs 1267: East India Securities

Stylam Industries spurted 6.03% to Rs 1146.90 after the company’s consolidated net profit rose 61.19% to Rs 24.21 crore on 43.26% increase in net sales to Rs 246.33 crore in Q2 September 2022 over Q2 September 2021.

Stylam Inds spurts after Q2 PAT climbs 61% YoY

Stylam Industries consolidated net profit rises 52.43% in the June 2022 quarter

The rating on long-term bank facilities has been upgraded from CARE A-; Positive to CARE A; Stable.

CARE improve outlook of Stylam Industries

Stylam Asia Pacific is yet to commence any commercial operations since its incorporation.

Stylam Industries strikes off wholly-owned subsidiary

Stylam Industries consolidated net profit rises 7.03% in the September 2021 quarter

Stylam Industries consolidated net profit rises 155.00% in the June 2021 quarter

Stylam Industries standalone net profit rises 156.27% in the June 2021 quarter

The Company is related to manufacturing of woods & plywood wooden panels.

Stylam Industries incorporates ‘Stylam Panels’ as wholly-owned subsidiary

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced and in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Stylam Industries Ltd is principally engaged in offering laminates. It's products include high pressure laminates, door skins, adhesives, VIOLAM-decorative laminates, FASCIA-exterior cladding, WALKON-exterior floor boards and quality credentials. 