External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

<ul><li>In Q3FY24, our coverage universe’s revenue/EBITDA/APAT are expected to grow by 8/31/43% YoY respectively</li><li>Revenue growth is muted owing to sub-par demand for tiles, wood panels and lower realisation for pipes</li><li>EBITDA/ PAT will rise strongly, mainly owing to higher inventory loss (pipes) and gas price (tiles) in the base quarter</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

In Q3FY24, our coverage universe’s revenue/EBITDA/APAT are expected to grow by 8/31/43% YoY respectivelyRevenue growth is muted owing to sub-par demand for tiles, wood panels and lower realisation for pipesEBITDA/ PAT will rise strongly, mainly owing to higher inventory loss (pipes) and gas price (tiles) in the base quarterContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Building Materials (Q3FY24 Results Preview): No Sign of Demand Revival, Stable Margins

Equity Bottom-Up

<ul><li>We recently met Stylam’s promoter, Jagdish Gupta, MD, and Kishan Nagpal, CFO, during a visit to their manufacturing plant, which is Asia’s largest single-location manufacturing facility in Chandigarh</li><li>The management senses a revival in export market demand and expects an uptick in domestic demand soon</li><li>For exports, it expects Q3FY24 volume to take a hit owing to the war situation in Israel</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We recently met Stylam’s promoter, Jagdish Gupta, MD, and Kishan Nagpal, CFO, during a visit to their manufacturing plant, which is Asia’s largest single-location manufacturing facility in ChandigarhThe management senses a revival in export market demand and expects an uptick in domestic demand soonFor exports, it expects Q3FY24 volume to take a hit owing to the war situation in IsraelContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Stylam Industries: Demand to Revive Soon, Expansion on Track. Maintain BUY

<ul><li>In Q2FY24, Stylam’s revenue fell 5% YoY owing to global turmoil, lower NSR, and a cool-off in ocean freight rates.</li><li>However, EBITDA rose 18% YoY on continued cool-off in raw material prices and lower other expenses.</li><li>EBITDAM recovers for the sixth consecutive quarter to 19.9% (up 385/145 bps YoY/QoQ)— its best in the past nine quarters.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

In Q2FY24, Stylam’s revenue fell 5% YoY owing to global turmoil, lower NSR, and a cool-off in ocean freight rates.However, EBITDA rose 18% YoY on continued cool-off in raw material prices and lower other expenses.EBITDAM recovers for the sixth consecutive quarter to 19.9% (up 385/145 bps YoY/QoQ)— its best in the past nine quarters.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Stylam Industries - Strong Margin Offsets Weak Volume Offtake

<ul><li>We initiate coverage on Stylam Industries with a BUY rating and a target price of INR 2,300 (22x its Sep-25 EPS)</li><li>We like the company for its industry-leading growth and EBITDA margins, healthy balance sheet, and return ratio profile</li><li>We believe it still has room to expand its geographical reach and penetration in existing domestic and export markets, offering strong revenue growth visibility</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We initiate coverage on Stylam Industries with a BUY rating and a target price of INR 2,300 (22x its Sep-25 EPS)We like the company for its industry-leading growth and EBITDA margins, healthy balance sheet, and return ratio profileWe believe it still has room to expand its geographical reach and penetration in existing domestic and export markets, offering strong revenue growth visibilityContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Stylam Industries: Fastest-Growing Laminate Company in India. BUY

Stylam Industries-  Fastest-Growing Laminate Company in India.

India

Stylam Industries Ltd. manufactures high-pressure laminates.  The Company produces laminates in many colors and that simulate wood grain and metals.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Stylam Industries (SYIL IN)

Building Materials (Q3FY24 Results Preview): No Sign of Demand Revival, Stable Margins

In Q3FY24, our coverage universe’s revenue/EBITDA/APAT are expected to grow by 8/31/43% YoY respectively. Revenue growth is muted owing to sub-par...

HDFC Securities

Stylam Industries: Demand to Revive Soon, Expansion on Track. Maintain BUY

We recently met Stylam’s promoter, Jagdish Gupta, MD, and Kishan Nagpal, CFO, during a visit to their manufacturing plant

HDFC Securities

Stylam Industries - Strong Margin Offsets Weak Volume Offtake

In Q2FY24, Stylam’s revenue fell 5% YoY owing to global turmoil, lower NSR, and a cool-off in ocean freight rates. However, EBITDA rose 18% YoY on...

HDFC Securities

Stylam Industries: Fastest-Growing Laminate Company in India. BUY

We initiate coverage on Stylam Industries with a BUY rating and a target price of INR 2,300 (22x its Sep-25 EPS) We like the company for its...

HDFC Securities

Stylam Industries- Fastest-Growing Laminate Company in India.

We initiate coverage on Stylam Industries with a BUY rating and a target price of INR 2,300 (22x its Sep-25 EPS). We like the company for its...

HDFC Securities

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)