Sheela Foam Ltd

Sheela Foam Ltd

₹ 999 -1.93%
19 Jul 4:01 p.m.
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]

  • Market Cap 10,826 Cr.
  • Current Price 999
  • High / Low 1,297 / 854
  • Stock P/E 78.6
  • Book Value 269
  • Dividend Yield 0.00 %
  • ROCE 7.97 %
  • ROE 6.09 %
  • Face Value 5.00

Pros

Cons

  • Stock is trading at 3.72 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 7.62% over past five years.
  • Company has a low return on equity of 10.5% over last 3 years.
  • Earnings include an other income of Rs.136 Cr.
  • 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
733 551 786 881 737 701 722 761 729 645 613 879 845
649 513 676 786 665 635 644 685 651 567 547 803 765
Operating Profit 84 38 110 95 72 66 78 76 78 78 66 76 81
OPM % 11% 7% 14% 11% 10% 9% 11% 10% 11% 12% 11% 9% 10%
16 18 18 28 16 18 23 28 18 13 24 32 70
Interest 5 5 4 6 2 5 5 5 7 8 9 25 27
Depreciation 18 19 19 20 24 21 20 22 26 23 22 30 41
Profit before tax 77 33 105 97 62 58 75 77 63 60 60 53 83
Tax % 25% 23% 27% 31% 20% 27% 29% 20% 31% 28% 26% 27% 17%
58 25 77 67 49 43 54 61 44 43 44 31 65
EPS in Rs 5.96 2.54 7.83 6.85 5.04 4.31 5.44 6.20 4.43 4.41 4.05 2.83 5.94
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,092 1,221 1,359 1,550 1,680 1,889 2,066 2,121 2,437 2,866 2,873 2,982
1,012 1,136 1,268 1,374 1,484 1,672 1,855 1,821 2,073 2,550 2,575 2,678
Operating Profit 80 85 91 176 196 217 211 300 364 315 298 304
OPM % 7% 7% 7% 11% 12% 11% 10% 14% 15% 11% 10% 10%
14 0 11 16 23 21 28 28 50 79 86 136
Interest 23 19 16 12 11 9 10 13 18 17 21 69
Depreciation 31 30 28 29 30 35 40 59 73 81 90 116
Profit before tax 40 36 58 152 178 193 189 256 324 296 273 256
Tax % 22% 23% 26% 31% 29% 31% 29% 24% 26% 26% 26% 24%
31 28 43 105 126 134 134 194 240 219 201 184
EPS in Rs 9.32 8.57 13.13 32.22 12.86 13.70 13.70 19.82 24.36 22.27 20.39 16.78
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 8%
3 Years: 7%
TTM: 4%
Compounded Profit Growth
10 Years: 17%
5 Years: 1%
3 Years: -15%
TTM: -26%
Stock Price CAGR
10 Years: %
5 Years: 10%
3 Years: -6%
1 Year: -18%
Return on Equity
10 Years: 16%
5 Years: 14%
3 Years: 11%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 16 16 16 16 24 24 24 24 24 24 49 54
Reserves 153 180 229 322 439 573 706 895 1,160 1,368 1,549 2,866
214 188 146 115 59 48 31 310 334 466 571 1,493
183 241 289 335 395 398 401 414 551 496 533 909
Total Liabilities 567 625 679 788 918 1,043 1,162 1,644 2,069 2,355 2,702 5,322
268 252 286 288 318 348 412 851 894 883 865 3,129
CWIP 1 17 8 10 36 52 1 18 33 120 287 166
Investments 8 0 0 10 0 98 318 231 411 618 768 878
290 356 385 481 564 544 432 544 732 734 781 1,150
Total Assets 567 625 679 788 918 1,043 1,162 1,644 2,069 2,355 2,702 5,322

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
97 124 147 159 122 134 138 157 254 197 218 406
-30 -27 -49 -34 2 -80 -246 -287 -208 -306 -272 -2,258
-56 -53 -59 -25 -67 -20 -27 157 -32 93 56 1,854
Net Cash Flow 12 45 40 100 57 34 -135 27 13 -17 1 2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 35 36 31 28 30 28 27 37 45 34 36 45
Inventory Days 64 61 52 49 59 60 60 81 87 64 71 73
Days Payable 52 57 57 52 64 51 46 55 91 58 55 83
Cash Conversion Cycle 47 40 26 24 25 37 41 63 41 40 51 34
Working Capital Days 31 19 -3 -10 -4 7 14 28 28 30 25 7
ROCE % 16% 14% 19% 38% 39% 35% 28% 26% 23% 18% 14% 8%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
72.95% 72.95% 72.95% 72.95% 72.95% 72.95% 72.95% 72.95% 65.48% 65.48% 65.48% 65.48%
1.43% 2.03% 2.53% 3.11% 3.16% 3.19% 3.26% 3.21% 6.04% 6.12% 6.32% 6.40%
23.72% 23.84% 23.37% 22.84% 22.73% 22.43% 22.28% 21.95% 25.08% 24.99% 24.52% 23.40%
1.90% 1.18% 1.15% 1.10% 1.14% 1.43% 1.50% 1.89% 3.40% 3.40% 3.68% 4.72%
No. of Shareholders 11,93617,80221,50318,23118,94525,29127,23230,57444,13739,44439,10351,047

* 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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Documents

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