Sheela Foam Ltd
Sheela Foam Limited is a leading player in India’s mattress and foam products industry and a leader in Polyurethane (PU) Foam. It has a nationwide presence in manufacturing PU Foam with a track record, since 1971. [1]
- Market Cap ₹ 6,802 Cr.
- Current Price ₹ 626
- High / Low ₹ 1,067 / 618
- Stock P/E 65.5
- Book Value ₹ 257
- Dividend Yield 0.00 %
- ROCE 6.19 %
- ROE 3.80 %
- Face Value ₹ 5.00
Pros
- Company is expected to give good quarter
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 8.73% over past five years.
- Company has a low return on equity of 6.39% over last 3 years.
- Earnings include an other income of Rs.95.0 Cr.
- Promoter holding has decreased over last 3 years: -7.26%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Consumer Durables Industry: Miscellaneous
Part of BSE 500 BSE SmallCap BSE Allcap BSE Consumer Discretionary BSE 250 SmallCap Index
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
953 | 1,077 | 1,265 | 1,376 | 1,580 | 1,738 | 1,703 | 1,694 | 2,008 | 2,039 | 1,880 | 2,588 | |
897 | 1,013 | 1,124 | 1,213 | 1,387 | 1,555 | 1,478 | 1,457 | 1,774 | 1,830 | 1,669 | 2,352 | |
Operating Profit | 56 | 64 | 141 | 162 | 193 | 184 | 224 | 237 | 234 | 208 | 210 | 235 |
OPM % | 6% | 6% | 11% | 12% | 12% | 11% | 13% | 14% | 12% | 10% | 11% | 9% |
8 | 13 | 21 | 26 | 23 | 30 | 32 | 47 | 70 | 75 | 114 | 95 | |
Interest | 12 | 10 | 7 | 7 | 6 | 7 | 8 | 9 | 7 | 8 | 44 | 94 |
Depreciation | 20 | 22 | 23 | 24 | 28 | 31 | 33 | 33 | 32 | 41 | 58 | 89 |
Profit before tax | 32 | 46 | 132 | 157 | 182 | 176 | 215 | 243 | 265 | 234 | 222 | 147 |
Tax % | 21% | 24% | 32% | 29% | 31% | 30% | 23% | 26% | 25% | 27% | 24% | 24% |
25 | 34 | 90 | 111 | 126 | 124 | 166 | 181 | 197 | 171 | 168 | 112 | |
EPS in Rs | 7.70 | 10.60 | 27.74 | 11.39 | 12.90 | 12.67 | 16.96 | 18.56 | 20.22 | 17.54 | 15.48 | 10.31 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 9% |
3 Years: | 9% |
TTM: | 38% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | -8% |
3 Years: | -18% |
TTM: | -17% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -2% |
3 Years: | -24% |
1 Year: | -30% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 9% |
3 Years: | 6% |
Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 16 | 16 | 16 | 24 | 24 | 24 | 24 | 24 | 24 | 49 | 54 | 54 |
Reserves | 170 | 204 | 294 | 397 | 522 | 645 | 806 | 989 | 1,185 | 1,313 | 2,620 | 2,739 |
91 | 72 | 46 | 4 | 1 | 0 | 3 | 2 | 19 | 149 | 1,000 | 949 | |
193 | 248 | 288 | 350 | 341 | 353 | 337 | 406 | 379 | 406 | 521 | 647 | |
Total Liabilities | 471 | 540 | 645 | 775 | 888 | 1,023 | 1,170 | 1,421 | 1,608 | 1,917 | 4,196 | 4,390 |
165 | 190 | 201 | 233 | 254 | 269 | 279 | 278 | 257 | 311 | 504 | 561 | |
CWIP | 17 | 8 | 2 | 3 | 4 | 1 | 17 | 1 | 1 | 103 | 80 | 39 |
Investments | 23 | 30 | 53 | 73 | 195 | 416 | 443 | 623 | 839 | 960 | 3,068 | 3,112 |
266 | 311 | 390 | 466 | 436 | 337 | 431 | 519 | 511 | 543 | 543 | 677 | |
Total Assets | 471 | 540 | 645 | 775 | 888 | 1,023 | 1,170 | 1,421 | 1,608 | 1,917 | 4,196 | 4,390 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
121 | 110 | 171 | 102 | 114 | 120 | 130 | 178 | 196 | 147 | 246 | 228 | |
-26 | -41 | -41 | 4 | -71 | -240 | -103 | -163 | -210 | -186 | -2,160 | -53 | |
-54 | -31 | -32 | -50 | -9 | -8 | -9 | -9 | -6 | 38 | 1,915 | -165 | |
Net Cash Flow | 40 | 39 | 97 | 56 | 34 | -129 | 18 | 6 | -21 | -2 | -0 | 10 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 31 | 27 | 21 | 26 | 23 | 22 | 27 | 35 | 25 | 25 | 37 | 34 |
Inventory Days | 51 | 48 | 41 | 52 | 53 | 57 | 73 | 93 | 55 | 63 | 51 | 43 |
Days Payable | 52 | 57 | 49 | 63 | 46 | 43 | 50 | 95 | 53 | 57 | 55 | 49 |
Cash Conversion Cycle | 30 | 17 | 13 | 15 | 30 | 35 | 50 | 33 | 27 | 30 | 33 | 28 |
Working Capital Days | 12 | -12 | -20 | -10 | 4 | 9 | 20 | 19 | 14 | 7 | -15 | 56 |
ROCE % | 16% | 20% | 42% | 42% | 39% | 29% | 29% | 25% | 23% | 16% | 8% | 6% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
9h - Annual Secretarial Compliance Report filed for year ended March 31, 2025.
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General-Announcements
1d - Investor meeting rescheduled to May 29, 2025, virtual one-on-one at 11:00 AM.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 May
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
19 May - Transcript for Conference Call on May 15, 2025
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
15 May - Link to audio recording of Q4 and FY25 investors' conference call provided.
Annual reports
Concalls
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May 2025Transcript PPT
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Largest Manufacturer of Polyurethane Foam
The company is India's largest manufacturer of flexible slab stock Polyutherane (PU) foam and mattresses under Sleepwell, Furlenco, and Kurlon [1] with a 30% market share in India’s mattress segment and a 40% market share in Australia. The Kurlon brand holds a 12-13% market share of the modern mattress market.[2] [3] [4]