Sheela Foam Ltd

Sheela Foam Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sheela Foam Ltd

₹ 926 -0.96%
25 Apr - close price
sheelafoam.com BSE: 540203 NSE : SFL
About

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]

Key Points

Largest Manufacturer of Polyurethane Foam
Sheela Foam is the market leader and the largest manufacturer of Polyurethane Foam in India. [1].
Co. enjoys 30-35% Market Share in the Mattresses segment in India and 40% market share in Australia[2]

Website BSE NSE
  • Market Cap ₹ 10,064 Cr.
  • Current Price ₹ 926
  • High / Low ₹ 1,370 / 908
  • Stock P/E 54.3
  • Book Value ₹ 245
  • Dividend Yield 0.00 %
  • ROCE 18.8 %
  • ROE 13.9 %
  • Face Value ₹ 5.00
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Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 5.03% over past five years.
  • Promoter holding has decreased over last 3 years: -7.47%

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
605 534 326 586 649 537 488 533 515 521 448 417 513
506 464 307 496 579 482 443 470 463 459 386 368 459
Operating Profit 99 70 19 90 71 55 45 63 52 62 62 49 54
OPM % 16% 13% 6% 15% 11% 10% 9% 12% 10% 12% 14% 12% 11%
16 14 15 16 24 15 16 20 24 20 12 23 24
Interest 2 2 2 2 2 1 2 2 1 2 2 2 17
Depreciation 8 8 7 8 9 9 7 8 8 10 9 11 12
Profit before tax 104 74 23 97 84 61 52 73 67 70 63 59 49
Tax % 25% 26% 18% 26% 29% 22% 26% 28% 21% 26% 27% 26% 27%
78 54 19 71 59 47 38 52 53 52 46 43 36
EPS in Rs 7.99 5.57 1.97 7.31 6.08 4.85 3.92 5.33 5.40 5.32 4.75 4.00 3.28
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
686 829 953 1,077 1,265 1,376 1,580 1,738 1,703 1,694 2,008 2,020 1,898
649 775 897 1,013 1,124 1,213 1,387 1,555 1,478 1,457 1,774 1,798 1,672
Operating Profit 37 54 56 64 141 162 193 184 224 237 234 222 227
OPM % 5% 6% 6% 6% 11% 12% 12% 11% 13% 14% 12% 11% 12%
6 14 8 13 21 26 23 30 32 47 70 79 79
Interest 16 15 12 10 7 7 6 7 8 9 7 6 23
Depreciation 14 19 20 22 23 24 28 31 33 33 32 34 42
Profit before tax 12 33 32 46 132 157 182 176 215 243 265 261 240
Tax % 32% 28% 21% 24% 32% 29% 31% 30% 23% 26% 25% 25%
8 24 25 34 90 111 126 124 166 181 197 195 177
EPS in Rs 2.45 7.26 7.70 10.60 27.74 11.39 12.90 12.67 16.96 18.56 20.22 19.97 17.35
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 5%
3 Years: 6%
TTM: -8%
Compounded Profit Growth
10 Years: 23%
5 Years: 8%
3 Years: 4%
TTM: -3%
Stock Price CAGR
10 Years: %
5 Years: 6%
3 Years: -3%
1 Year: -10%
Return on Equity
10 Years: 19%
5 Years: 17%
3 Years: 16%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 17 16 16 16 16 24 24 24 24 24 24 49 54
Reserves 118 145 170 204 294 397 522 645 806 989 1,185 1,347 2,614
141 123 91 72 46 4 1 0 3 2 19 16 36
109 144 193 248 288 350 341 353 337 406 379 393 418
Total Liabilities 384 428 471 540 645 775 888 1,023 1,170 1,421 1,608 1,805 3,122
119 171 165 190 201 233 254 269 279 278 257 257 274
CWIP 41 1 17 8 2 3 4 1 17 1 1 2 19
Investments 32 31 23 30 53 73 195 416 443 623 839 989 2,185
193 225 266 311 390 466 436 337 431 519 511 557 644
Total Assets 384 428 471 540 645 775 888 1,023 1,170 1,421 1,608 1,805 3,122

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
33 76 121 110 171 102 114 120 130 178 196 148
-8 -20 -26 -41 -41 4 -71 -240 -103 -163 -210 -143
-36 -42 -54 -31 -32 -50 -9 -8 -9 -9 -6 -9
Net Cash Flow -10 14 40 39 97 56 34 -129 18 6 -21 -4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 43 33 31 27 21 26 23 22 27 35 25 30
Inventory Days 44 57 51 48 41 52 53 57 73 93 55 54
Days Payable 49 45 52 57 49 63 46 43 50 95 53 52
Cash Conversion Cycle 38 45 30 17 13 15 30 35 50 33 27 31
Working Capital Days 44 32 12 -12 -20 -10 4 9 20 19 14 7
ROCE % 10% 17% 16% 20% 42% 42% 39% 29% 29% 25% 23% 19%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.95% 72.95% 72.95% 72.95% 72.95% 72.95% 72.95% 72.95% 72.95% 65.48% 65.48% 65.48%
1.33% 1.43% 2.03% 2.53% 3.11% 3.16% 3.19% 3.26% 3.21% 6.04% 6.12% 6.32%
23.65% 23.72% 23.84% 23.37% 22.84% 22.73% 22.43% 22.28% 21.95% 25.08% 24.99% 24.52%
2.07% 1.90% 1.18% 1.15% 1.10% 1.14% 1.43% 1.50% 1.89% 3.40% 3.40% 3.68%
No. of Shareholders 13,38611,93617,80221,50318,23118,94525,29127,23230,57444,13739,44439,103

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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