1 month ago listed premium luxury furniture manufacturer bags order worth Rs 2,27,99,964 from Bangalore International Airport Ltd
The stock was listed 1 month ago with a 52-week high of Rs 627.30 and a 52-week low of Rs 470.25 per share.
Stanley Lifestyles Limited has secured a substantial contract from Bangalore International Airport Limited (Kempegowda International Airport). This contract entails the reupholstery of lifestyle seating located at Terminal 2 of the Kempegowda International Airport in Bengaluru.
The contract is a domestic purchase order, valued at Rs 2,27,99,964 (including GST). It is anticipated that the reupholstery project will be completed within a three-month timeframe. This contract represents a significant milestone for Stanley Lifestyles Limited, showcasing its expertise in interior design and upholstery services. The company is poised to benefit from the increased revenue and potential future opportunities that this contract may present.
Stanley Lifestyles Ltd has emerged as a dominant player in India's luxury furniture market. Established in 2007, the company offers a comprehensive range of premium and ultra-premium furniture for various home spaces, including living rooms, dining rooms, bedrooms and kitchens.
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The company's strong market position is evident in its retail footprint, which is three times larger than that of its nearest competitor. This dominance has propelled Stanley Lifestyles to the fourth position in the Indian home furniture segment. To further solidify its leadership, the company plans to open three large-format Anchor Stores in the coming years, each spanning approximately 30,000 square feet. These stores will offer a wider range of products at more affordable prices, expanding the company's customer base.
The company has a market cap of Rs 2,891 crore with a PE of 99x, an ROE of 13 per cent and an ROCE of 14 per cent. The stock was listed 1 month ago with a 52-week high of Rs 627.30 and a 52-week low of Rs 470.25 per share. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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