Sheela Foam Ltd

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

Sheela Foam Ltd

₹ 765 1.70%
10 Jul - 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
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]

Website BSE NSE
  • Market Cap ₹ 8,357 Cr.
  • Current Price ₹ 765
  • High / Low ₹ 784 / 457
  • Stock P/E 55.5
  • Book Value ₹ 298
  • Dividend Yield 0.13 %
  • ROCE 6.11 %
  • ROE 4.80 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 2.57 times its book value
  • The company has delivered a poor sales growth of 9.41% over past five years.
  • Company has a low return on equity of 3.86% over last 3 years.
  • Dividend payout has been low at 2.28% of profits over last 3 years
  • 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

Consumer Discretionary Consumer Durables Consumer Durables Furniture, Home Furnishing

Part of BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market BSE Premium Consumption BSE 1000

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
729 645 613 879 845 810 813 967 850 821 875 1,074 1,050
651 567 547 803 765 750 742 879 823 746 788 960 933
Operating Profit 78 78 66 76 81 60 70 88 27 75 87 114 117
OPM % 11% 12% 11% 9% 10% 7% 9% 9% 3% 9% 10% 11% 11%
18 13 24 32 70 61 32 8 61 10 3 16 34
Interest 7 8 9 25 27 28 28 29 35 29 28 17 21
Depreciation 26 23 22 30 41 40 48 45 50 46 50 47 36
Profit before tax 63 60 60 53 83 53 26 22 2 10 12 66 94
Tax % 31% 28% 26% 27% 17% 12% 23% 25% -496% 50% 38% 25% 18%
44 43 44 31 65 47 20 17 13 7 10 53 92
EPS in Rs 4.43 4.41 4.04 2.83 5.94 4.23 1.83 1.54 1.20 0.60 0.89 4.80 8.36
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,359 1,550 1,680 1,889 2,066 2,121 2,437 2,866 2,873 2,982 3,439 3,821
1,268 1,374 1,484 1,672 1,855 1,821 2,073 2,550 2,575 2,678 3,187 3,426
Operating Profit 91 176 196 217 211 300 364 315 298 304 252 395
OPM % 7% 11% 12% 11% 10% 14% 15% 11% 10% 10% 7% 10%
11 16 23 21 28 28 50 79 86 136 154 60
Interest 16 12 11 9 10 13 18 17 21 69 121 95
Depreciation 28 29 30 35 40 59 73 81 90 116 183 179
Profit before tax 58 152 178 193 189 256 324 296 273 256 103 182
Tax % 26% 31% 29% 31% 29% 24% 26% 26% 26% 24% 14% 23%
43 105 126 134 134 194 240 219 201 184 90 161
EPS in Rs 13.13 32.22 12.86 13.70 13.70 19.82 24.36 22.27 20.39 16.78 8.22 14.62
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 7%
Compounded Sales Growth
10 Years: 9%
5 Years: 9%
3 Years: 10%
TTM: 11%
Compounded Profit Growth
10 Years: 4%
5 Years: -8%
3 Years: -7%
TTM: 336%
Stock Price CAGR
10 Years: %
5 Years: -8%
3 Years: -12%
1 Year: 13%
Return on Equity
10 Years: 10%
5 Years: 6%
3 Years: 4%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 16 16 24 24 24 24 24 24 49 54 55 55
Reserves 229 322 439 573 706 895 1,160 1,368 1,549 2,866 2,962 3,197
146 115 59 48 31 310 334 466 571 1,493 1,462 908
289 335 395 398 401 414 551 496 533 909 881 949
Total Liabilities 679 788 918 1,043 1,162 1,644 2,069 2,355 2,702 5,322 5,360 5,109
286 288 318 348 412 851 894 883 865 3,129 3,080 3,198
CWIP 8 10 36 52 1 18 33 120 287 166 131 32
Investments 0 10 0 98 318 231 411 618 768 878 873 588
385 481 564 544 432 544 732 734 781 1,150 1,276 1,291
Total Assets 679 788 918 1,043 1,162 1,644 2,069 2,355 2,702 5,322 5,360 5,109

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
147 159 122 134 138 157 254 197 218 406 247 409
-49 -34 2 -80 -246 -287 -208 -306 -272 -2,258 -24 298
-59 -25 -67 -20 -27 157 -32 93 56 1,854 -226 -716
Net Cash Flow 40 100 57 34 -135 27 13 -17 1 2 -3 -8
Free Cash Flow 93 108 34 52 86 -245 191 54 2 -1,870 146 368
CFO/OP 171% 111% 101% 87% 93% 66% 92% 92% 100% 162% 100% 111%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 31 28 30 28 27 37 45 34 36 45 37 42
Inventory Days 52 49 59 60 60 81 87 64 71 73 66 69
Days Payable 57 52 64 51 46 55 91 58 55 83 66 80
Cash Conversion Cycle 26 24 25 37 41 63 41 40 51 34 37 31
Working Capital Days -18 -28 -9 2 10 19 14 14 -0 -39 -63 -51
ROCE % 19% 38% 39% 35% 28% 26% 23% 18% 14% 8% 4% 6%

Insights

In beta
Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Dec 2023 Mar 2025 Mar 2026
Manufacturing Capacity - Australia (Joyce)
MTPA (Metric Tonnes Per Annum)

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Manufacturing Capacity - India
MTPA (Metric Tonnes Per Annum) ・Standalone data
Market Share - Modern Mattress (India)
% ・Standalone data
EBO Showroom Count (Sleepwell + Kurlon)
Number of outlets ・Standalone data
Foam Volumes - Total (SFL + KEL)
Tonnes ・Standalone data
Mattress Volumes (SFL + KEL)
Thousand units ・Standalone data
E-commerce Revenue
INR Crore ・Standalone data
U2O/STI Dealers Count (Small Town Initiative)
Number of dealers ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
72.95% 65.48% 65.48% 65.48% 65.48% 65.48% 65.69% 65.69% 65.69% 65.69% 65.69% 65.69%
3.21% 6.04% 6.12% 6.32% 6.40% 6.60% 6.56% 6.23% 4.62% 4.07% 4.18% 4.15%
21.95% 25.08% 24.99% 24.52% 23.40% 22.30% 21.03% 21.17% 21.12% 21.11% 20.39% 20.55%
1.89% 3.40% 3.40% 3.68% 4.72% 5.62% 6.71% 6.91% 8.55% 9.14% 9.75% 9.60%
No. of Shareholders 30,57444,13739,44439,10351,04755,95460,35460,08965,04670,54472,35966,611

* 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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