Stylam Industries Share Price Movement

Market Performance

Shares of Stylam Industries increased by 8 per cent, reaching Rs 1,801 per share on March 26, 2025. This rise followed the government's decision to implement an anti-dumping duty on imports of Acrylic Solid Surfaces from China. Despite this recent increase, the company's stock has decreased by 12 per cent over the past six months, underperforming the Nifty 50 index, which declined by 9 per cent during the same period.

Government Policy Impact

The Indian government has levied an anti-dumping duty on Acrylic Solid Surfaces imported from China, effective for five years. This measure is intended to counteract the effects of underpriced imports. Stylam Industries, which manufactures approximately 70-80 per cent of the Acrylic Solid Surfaces produced domestically, had previously filed a petition advocating for this duty.

Company Operations

Stylam Industries is engaged in manufacturing various surface solutions, including:

• High-Pressure Laminates
• Compact Laminates
• Specialty Laminates
• Acrylic Solid Surfaces

Acrylic Solid Surfaces are known for their versatility. They can be cut, routed, and sanded similarly to wood. These materials are commonly used in applications such as countertops, shower walls, building exteriors, signage, and furniture.

Financial Performance (Q3 FY25)

• Revenue: Rs 2,500 crore (18.6% year-on-year increase)
• Gross Profit: Rs 1,200 crore (9.3% year-on-year increase)
• EBITDA: Rs 46 crore (3.8% year-on-year decline)

Revenue growth was supported by increased sales volumes and improved blended realizations. However, despite the rise in revenue, EBITDA declined due to higher operating expenses.

Summary

Stylam Industries' share price rose by 8 per cent following the imposition of an anti-dumping duty on Chinese imports of Acrylic Solid Surfaces. This regulatory decision is expected to benefit the company, which holds a significant share of domestic production. Although the company reported revenue growth in the third quarter of FY25, higher operating costs led to a decline in EBITDA. Over the past six months, Stylam Industries' stock has declined by 12 per cent, underperforming the broader market.