Sheela Foam Ltd

Sheela Foam Limited is Indias top player in the mattress and foam products industry. The Company enjoys strong brand awareness, a vast product portfolio, and presence in India and Australia.(Source : 201903 Annual Report Page No: 12)

Pros:
Company has reduced debt.
Company is virtually debt free.
Cons:
Stock is trading at 8.34 times its book value
Though the company is reporting repeated profits, it is not paying out dividend

Peer Comparison Sector: Textiles // Industry: Textiles - Jute - Yarn / Products

Loading peers table ...

Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
338 406 388 347 408 452 449 426 450 487 451 436
292 350 369 308 358 397 403 377 414 436 405 383
Operating Profit 46 56 19 40 50 55 47 48 36 52 46 53
OPM % 13% 14% 5% 11% 12% 12% 10% 11% 8% 11% 10% 12%
Other Income 5 6 9 6 5 5 8 7 7 8 10 10
Interest 2 2 2 1 1 1 2 2 2 2 2 2
Depreciation 6 6 6 6 7 7 7 7 8 8 8 8
Profit before tax 42 53 20 39 47 52 45 47 33 50 45 54
Tax % 31% 28% 29% 30% 33% 31% 30% 29% 34% 31% 26% 35%
Net Profit 29 38 14 27 31 36 32 33 22 34 34 35
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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 TTM
686 829 953 1,077 1,265 1,376 1,580 1,738 1,824
649 773 897 1,013 1,124 1,213 1,387 1,556 1,637
Operating Profit 37 55 56 64 141 162 193 182 187
OPM % 5% 7% 6% 6% 11% 12% 12% 10% 10%
Other Income 6 12 8 13 21 26 23 32 35
Interest 16 15 12 10 7 7 6 7 8
Depreciation 14 19 20 22 23 24 28 31 32
Profit before tax 12 33 32 46 132 157 182 176 182
Tax % 32% 28% 21% 24% 32% 29% 31% 30%
Net Profit 8 24 25 34 90 111 126 124 125
EPS in Rs 22.79 25.82 25.35
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:12.78%
3 Years:11.18%
TTM:5.13%
Compounded Profit Growth
10 Years:%
5 Years:36.85%
3 Years:10.80%
TTM:-5.67%
Return on Equity
10 Years:%
5 Years:24.99%
3 Years:24.52%
Last Year:19.90%

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
17 16 16 16 16 24 24 24
Reserves 118 145 170 204 294 397 522 645
Borrowings 141 123 91 72 46 4 1 0
111 146 196 251 292 355 346 355
Total Liabilities 387 430 473 543 649 780 894 1,024
119 171 165 190 201 233 254 269
CWIP 41 1 17 8 2 3 4 1
Investments 32 31 23 30 53 73 195 416
195 227 269 314 393 471 442 338
Total Assets 387 430 473 543 649 780 894 1,024

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
33 76 121 110 171 102 114 120
-8 -20 -26 -41 -41 4 -71 -240
-36 -42 -54 -31 -32 -50 -9 -8
Net Cash Flow -10 14 40 39 97 56 34 -129

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 17% 16% 20% 42% 42% 39% 29%
Debtor Days 43 33 31 27 21 26 23 22
Inventory Turnover 11.58 11.11 12.14 15.36 14.97 13.16 12.29