Stylam Industries began commercial production at its new manufacturing facility in Manak Tabra on September 22, 2026. Management is targeting approximately ₹300 crore in additional revenue from the facility in fiscal year 2027.
The facility is expected to generate ₹700-1,000 crore in incremental annual revenue as it scales up. Utilization is expected to increase over the next two to three years.
ICICI Direct initiated coverage of Stylam Industries with a BUY rating, citing the new facility as a key driver of future earnings. Funded mainly through internal accruals, the expansion increases production capacity and supports the company’s growth plans in domestic and international markets, including North America, Europe and the Middle East.