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A small but efficient laminate player for the long term

February 25, 2019 / 08:20 AM IST
A small but efficient laminate player for the long term

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Stylam Industries, the Punjab-based laminate manufacturer, has been delivering stellar financial performance over the past few quarters. Its recently completed capacity expansion has helped. The increase in scale of operations along with a strict focus on costs has led to better margin. The company has outperformed the industry consistently and looks set to grow at a healthy pace as the new capacity will allow it to pick up revenue share in the domestic as well as international markets. Volume-led...

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