In results commentary by Century Plywoods, they mentioned softness in exports markets for laminates business division. And after the rally in Stylam, and the valuation it is quoting at now, will be cautiously waiting for the results.
Disc: Invested, will look to exit at these levels.
Excellent results posted by Stylam - http://corporates.bseindia.com/xml-data/corpfiling/AttachLive/AD297DEC_736D_4EBF_87F8_17ED29A5EFBF_123411.pdf
And continued deterioration in Balance Sheet.
Disc - Exited
this is not a recommendation forum.
Q3 FY17 Results
http://corporates.bseindia.com/xml-data/corpfiling/AttachLive/DB3B9C01_DF2B_48E7_B70B_F5672A27F5D2_124245.pdf
Top Line 70.29cr (Dec '16) vs 58.28cr (Dec '15)
Net Profit 4.04cr (Dec '16) vs 2.92cr (Dec '15)
promoters have pledged more shares
I am hopeful that the management will use land sale to reduce the debt. Is the company obliged to publish when it is sold and the amount it is sold at , or is it just going to be in the ‘other income’ section in the next quarter report to the sale ?
Hi,
Looking at the announcement, it looks like that the sale is just ‘proposed’ as of now. So, keep a track on its sale. Also, till it gets sold, no other income, and possibly no reduction of debt. after it gets sold, it will be other income.
Thanks
“We intend to use the infused capital for the growth plans of the company wherein we are doubling our production capacity and launching new products,” said Jagdish Gupta, managing director of Stylam Industries.
concern - Its high time the company looks at reducing its debt. Approx 20% of its operating profit goes into paying interest for last several years.
Read more at: https://www.dealstreetasia.com/stories/lighthouse-funds-invests-rs51-crore-stylam-industries-72886/
Disc: Invested
Stylam introduced 2 new verticals in their current business operations: “Restroom Cubicles & Lockers” by the brand name “CUBOID”.
They are also starting to manufacture “Solid Surfaces” in India by the brand name “GRANEX” and they will be the first one who will manufacture in India with German Tech.
http://www.stylamcuboid.com/restroom-cubicle/
http://www.stylamcuboid.com/lockers/
Disc: Invested.
An interesting article on Stylam Golden Chem-tech merger
depreciation has more than doubled this quarter ? Is it on possibly on account of commissioning of the new plant ?
Additonal capacities are expected to come into production by April, 2019
Full report: http://www.careratings.com/upload/CompanyFiles/PR/Stylam%20Industries%20Limited-03-11-2019.pdf
Any reason for significant correction in price?
promoters has 41.1% pledged shares, is correction due to forced sell of these shares?
any red flags?
I am just tracking it to invest in it. Kindly share your views on stylam
Can you please share main points from this report? I could not access it
Two positive updates from Stylam -
(1) Promoters have released pledged shares
(2) Amalgamation of subsidiary
Decent results by Stylam.
Disclosure: Invested.
