Sheela Foam Ltd

₹ 2,959 1.20%
18 Aug - close price
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]

The Brands of Sheela Group includes:
SLEEPWELL - The flagship brand for mattresses and comfort accessories
FEATHER FOAM - A PU Foam
LAMIFLEX – Manufacturing of POLYETHER/POLYESTER foam for lamination

Key Points

Geographical Break up[1]
India Contributes 80% of the revenue, Australia contributes 15% and Europe Contributes 5% of the revenue.

  • Market Cap 14,434 Cr.
  • Current Price 2,959
  • High / Low 4,055 / 2,186
  • Stock P/E 61.5
  • Book Value 285
  • Dividend Yield 0.00 %
  • ROCE 17.8 %
  • ROE 16.2 %
  • Face Value 5.00

Pros

Cons

  • Stock is trading at 10.4 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
514 497 658 504 269 608 826 733 551 786 881 764 729
452 427 564 430 241 501 682 649 513 676 786 692 663
Operating Profit 62 70 94 74 28 106 144 84 38 110 95 72 66
OPM % 12% 14% 14% 15% 10% 18% 17% 11% 7% 14% 11% 9% 9%
9 11 7 0 11 9 16 16 18 18 28 16 18
Interest 2 2 3 5 4 4 5 5 5 4 6 2 5
Depreciation 10 10 12 27 17 17 20 18 19 19 20 24 21
Profit before tax 60 69 86 42 17 94 135 77 33 105 97 62 58
Tax % 35% 15% 25% 23% 32% 26% 26% 25% 23% 27% 31% 20% 27%
Net Profit 39 59 64 32 11 69 99 58 25 76 67 49 42
EPS in Rs 7.94 12.04 13.18 6.50 2.32 14.14 20.35 11.92 5.09 15.66 13.71 10.09 8.63

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
987 1,092 1,221 1,359 1,550 1,680 1,889 2,066 2,121 2,437 2,982 3,160
931 1,012 1,136 1,268 1,374 1,484 1,672 1,855 1,821 2,073 2,667 2,817
Operating Profit 56 80 85 91 176 196 217 211 300 364 315 343
OPM % 6% 7% 7% 7% 11% 12% 11% 10% 14% 15% 11% 11%
6 14 0 11 16 23 21 28 28 50 79 80
Interest 24 23 19 16 12 11 9 10 13 18 17 17
Depreciation 25 31 30 28 29 30 35 40 59 73 81 83
Profit before tax 12 40 36 58 152 178 193 189 256 324 296 322
Tax % 35% 22% 23% 26% 31% 29% 31% 29% 24% 26% 26%
Net Profit 8 31 28 43 105 126 134 134 193 238 217 235
EPS in Rs 4.68 18.66 17.12 26.24 64.39 25.74 27.41 27.42 39.65 48.73 44.55 48.09
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 12%
5 Years: 12%
3 Years: 13%
TTM: 16%
Compounded Profit Growth
10 Years: 39%
5 Years: 11%
3 Years: 17%
TTM: -7%
Stock Price CAGR
10 Years: %
5 Years: 18%
3 Years: 37%
1 Year: 26%
Return on Equity
10 Years: 22%
5 Years: 20%
3 Years: 20%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
16 16 16 16 16 24 24 24 24 24 24
Reserves 122 153 180 229 322 439 573 706 895 1,160 1,368
248 214 188 146 115 59 48 31 310 334 466
157 183 241 289 335 395 398 401 414 551 513
Total Liabilities 543 567 625 679 788 918 1,043 1,162 1,644 2,069 2,372
228 268 252 286 288 318 348 412 851 894 883
CWIP 41 1 17 8 10 36 52 1 18 33 120
Investments 5 8 -0 -0 10 -0 98 318 231 411 618
268 290 356 385 481 564 544 432 544 732 751
Total Assets 543 567 625 679 788 918 1,043 1,162 1,644 2,069 2,372

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
60 97 124 147 159 122 134 138 157 254 197
-4 -30 -27 -49 -34 2 -80 -246 -287 -208 -306
-64 -56 -53 -59 -25 -67 -20 -27 157 -32 93
Net Cash Flow -8 12 45 40 100 57 34 -135 27 13 -17

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 43 35 36 31 28 30 28 27 37 45 35
Inventory Days 54 64 61 52 49 59 60 60 81 87 65
Days Payable 53 45 49 57 52 64 51 46 55 91 62
Cash Conversion Cycle 44 54 48 26 24 25 37 41 63 41 38
Working Capital Days 37 31 19 -3 -10 -4 7 14 28 28 32
ROCE % 16% 14% 19% 38% 39% 35% 28% 26% 24% 18%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
75.00 75.00 75.00 75.00 72.95 72.95 72.95 72.95 72.95 72.95 72.95 72.95
3.39 3.04 2.90 2.81 1.67 1.34 1.29 1.33 1.43 2.03 2.53 3.11
19.40 19.77 20.00 20.15 23.32 23.55 23.63 23.65 23.72 23.84 23.37 22.84
2.21 2.19 2.10 2.04 2.06 2.16 2.13 2.07 1.90 1.18 1.15 1.10

Documents

Concalls