Stylam Industries Limited (STYLAMIND.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-26.4%

₹2,145.89

vs ₹2,915.00 price

Levered DCF

₹1,562.73

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

15.07

Safe zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	24.52×	23.95×	21.51×	17.15×	28.32×	39.08×	114.9×	59.54×
P/B	4.55×	4.44×	5.15×	3.99×	5.47×	8.32×	10.61×	11.55×
P/S	3.25×	2.85×	3.02×	1.73×	2.62×	4.5×	4.69×	4.53×
EV / EBITDA	16×	15.08×	14.69×	11.02×	16.72×	22.43×	36.12×	28.98×
Gross margin	36.2%	35.1%	39.5%	44.2%	33.4%	25.4%	34.3%	32.1%
Operating margin	17.7%	15.7%	17.7%	14.2%	32.9%	15.1%	12.8%	13.6%
Net margin	13.3%	11.9%	14.1%	10.1%	9.2%	11.5%	4.1%	7.6%
Current ratio	3.48×	4.36×	6.74×	3.23×	2.04×	2.03×	1.39×	1.3×
Debt / equity	0.04×	0.05×	0×	0.11×	0.25×	0.23×	0.58×	0.81×
Interest coverage	58×	41.18×	67.29×	26.41×	50.48×	15.66×	5.75×	6.67×
Dividend yield	0.0%	0.0%	0.2%	0.0%	0.2%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	3.3%	0.0%	7.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	18.6%	18.5%	24.0%	23.3%	19.3%	21.3%	9.2%	19.4%
Return on invested capital	17.2%	16.8%	23.2%	21.5%	40.1%	16.6%	9.8%	12.2%
Return on assets	15.3%	15.7%	21.1%	17.8%	12.5%	13.6%	4.8%	9.1%
Free cash flow yield	-0.5%	0.0%	3.4%	2.4%	-0.1%	3.3%	1.9%	-0.2%
Earnings yield	4.1%	4.2%	4.6%	5.8%	3.5%	2.6%	0.9%	1.7%
Enterprise value	₹36.4B	₹29.1B	₹27.5B	₹16.9B	₹18.1B	₹22.1B	₹22.8B	₹22.3B
Net debt / EBITDA	-0.16×	-0.07×	-0.06×	0.28×	0.72×	0.55×	1.78×	1.89×
Cash conversion cycle (days)	136	149	140	131	128	100	107	102