Sheela Foam Ltd

₹ 2,631 0.48%
02 Dec - 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

Largest Manufacturer of Polyurethane Foam
Sheela Foam is the market leader and the largest manufacturer of Polyurethane Foam in India. [1]

  • Market Cap 12,836 Cr.
  • Current Price 2,631
  • High / Low 4,055 / 2,533
  • Stock P/E 60.8
  • Book Value 306
  • Dividend Yield 0.00 %
  • ROCE 17.8 %
  • ROE 16.2 %
  • Face Value 5.00

Pros

Cons

  • Stock is trading at 8.61 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
497 658 504 269 608 826 733 551 786 881 764 729 722
427 564 430 241 501 682 649 513 676 786 692 663 644
Operating Profit 70 94 74 28 106 144 84 38 110 95 72 66 78
OPM % 14% 14% 15% 10% 18% 17% 11% 7% 14% 11% 9% 9% 11%
11 7 0 11 9 16 16 18 18 28 16 18 23
Interest 2 3 5 4 4 5 5 5 4 6 2 5 5
Depreciation 10 12 27 17 17 20 18 19 19 20 24 21 20
Profit before tax 69 86 42 17 94 135 77 33 105 97 62 58 75
Tax % 15% 25% 23% 32% 26% 26% 25% 23% 27% 31% 20% 27% 29%
Net Profit 59 65 32 12 70 100 58 25 77 67 49 43 54
EPS in Rs 12.04 13.18 6.50 2.32 14.14 20.35 11.92 5.09 15.66 13.71 10.09 8.63 10.88
Raw PDF

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 3,096
931 1,012 1,136 1,268 1,374 1,484 1,672 1,855 1,821 2,073 2,667 2,785
Operating Profit 56 80 85 91 176 196 217 211 300 364 315 311
OPM % 6% 7% 7% 7% 11% 12% 11% 10% 14% 15% 11% 10%
6 14 0 11 16 23 21 28 28 50 79 84
Interest 24 23 19 16 12 11 9 10 13 18 17 18
Depreciation 25 31 30 28 29 30 35 40 59 73 81 85
Profit before tax 12 40 36 58 152 178 193 189 256 324 296 292
Tax % 35% 22% 23% 26% 31% 29% 31% 29% 24% 26% 26%
Net Profit 8 31 28 43 105 126 134 134 194 240 219 213
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 43.31
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: 7%
Compounded Profit Growth
10 Years: 39%
5 Years: 11%
3 Years: 17%
TTM: -18%
Stock Price CAGR
10 Years: %
5 Years: 8%
3 Years: 26%
1 Year: -21%
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 Sep 2022
16 16 16 16 16 24 24 24 24 24 24 24
Reserves 122 153 180 229 322 439 573 706 895 1,160 1,368 1,467
248 214 188 146 115 59 48 31 310 334 466 492
157 183 241 289 335 395 398 401 414 551 513 465
Total Liabilities 543 567 625 679 788 918 1,043 1,162 1,644 2,069 2,372 2,448
228 268 252 286 288 318 348 412 851 894 883 988
CWIP 41 1 17 8 10 36 52 1 18 33 120 60
Investments 5 8 0 0 10 0 98 318 231 411 618 615
268 290 356 385 481 564 544 432 544 732 751 785
Total Assets 543 567 625 679 788 918 1,043 1,162 1,644 2,069 2,372 2,448

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 52 57 57 52 64 51 46 55 91 62
Cash Conversion Cycle 44 47 40 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

6 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
75.00 75.00 75.00 72.95 72.95 72.95 72.95 72.95 72.95 72.95 72.95 72.95
3.04 2.90 2.81 1.67 1.34 1.29 1.33 1.43 2.03 2.53 3.11 3.16
19.77 20.00 20.15 23.32 23.55 23.63 23.65 23.72 23.84 23.37 22.84 22.73
2.19 2.10 2.04 2.06 2.16 2.13 2.07 1.90 1.18 1.15 1.10 1.14

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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