Ace investor Sunil Singhania’s small-cap stock hits a new 52-week high; declares robust results

The stock has witnessed significant buying activity as it has given more than 90 per cent returns in just one year  

On Tuesday, the shares of Stylam Industries Limited soared 4.16 per cent, reaching new 52-week high of Rs 1724.95 per share on BSE. The stock witnessed a surge in trading volume.    

 Stylam Industries produces ornamental laminates under the brand name "STYLAM" and principally distributes its products to European and Southeast Asian countries. It produces a wide range of ornamental laminates, specialty surfaces, PU+ lacquer coating, solid surfaces and compact laminates of excellent quality.  

The fiscal results of Stylam Industries Ltd are as follows:  

The key highlights of Q4FY23:      

• Total revenue stood at Rs 237 crore, zoomed by 31.66 per cent YoY basis as compared to Q4FY22.      
• The operating level stood at Rs 40 crore, surged more than 2 times on YoY basis as compared to Q4FY22.  
• Net profit of Rs 27 crore, up by 58.82 per cent on YoY basis, compared to Q4FY22. 
  
  The key highlights for FY23:      
• Total revenue of Rs 952 crore, zoomed by 44.46 per cent on YoY basis over FY22.      
• The EBIDTA level stood at Rs 155 crore, witnessing spike of 49.03 per cent on YoY basis as compared to FY22.      
• PAT recorded at Rs 96 crore, jumped 57.37 per cent on YoY basis from FY22.   
• Over the last five years, the company has generated a good profit growth of 37.5 per cent CAGR.  

Abakkus Asset Manager LLP is an Indian alpha-focused asset manager. Ace investor Sunil Singhania founded it in 2018 and named it after the abacus, the simplest ancient computer device. Abakkus growth fund-2 brought 313,896 shares at an average price of Rs 900 per share via a bulk deal.  

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The stock has witnessed significant buying activity as it has given more than 90 per cent returns in just one year. Investors must keep an eye on this small-cap forest products company.