East India Securitie's report on Stylam Industries
Stylam Industries (Stylam) Q2FY25 results beat our estimates. Revenue at Rs 2,627 mn ‐ increased by 12.3% yoy & 8.3% qoq Sales volume at 3.2 mn sheets ‐ increased by 1.6% yoy & 8.1% qoq Realisation per sheet at Rs 821 ‐ up by 10.5% yoy & 5.9% qoq EBITDA at Rs 544 mn ‐ increased by 15.1% yoy & 29.9% qoq EBITDA margin at 20.7% ‐ up by 51 bps yoy/ 344 bps qoq PAT at Rs 341 mn ‐ increased by 7.5% yoy/ 20.3% qoq PAT margin at 13.0% ‐ down by 58 bps yoy but up by 129 bps qoq.
Outlook
Stylam is currently trading at P/E of 24.5x on FY26e basis. We have valued the stock based on P/E methodology. We have assigned multiple of 25x (2year forward) on FY26E PAT of Rs. 1,599 mn to arrive at a target price of Rs 2,359 per share, which is potential upside of ~2.25% from current market price and recommend “HOLD” on the stock.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
