Sheela Foam Ltd

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

Sheela Foam Ltd

₹ 915 -1.15%
28 Jun - 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
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]

Website BSE NSE
  • Market Cap ₹ 9,946 Cr.
  • Current Price ₹ 915
  • High / Low ₹ 1,370 / 854
  • Stock P/E 79.7
  • Book Value ₹ 246
  • Dividend Yield 0.00 %
  • ROCE 8.05 %
  • ROE 6.19 %
  • Face Value ₹ 5.00
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Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 1.57% over past five years.
  • Company has a low return on equity of 10.6% over last 3 years.
  • Earnings include an other income of Rs.114 Cr.
  • Debtor days have increased from 28.7 to 36.7 days.
  • 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

Standalone Figures in Rs. Crores / View Consolidated

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
534 326 586 649 537 488 533 515 519 448 417 513 487
464 307 496 579 482 443 470 463 461 386 368 460 437
Operating Profit 70 19 90 71 55 45 63 52 58 62 49 53 50
OPM % 13% 6% 15% 11% 10% 9% 12% 10% 11% 14% 12% 10% 10%
14 15 16 24 15 16 20 24 18 12 23 22 59
Interest 2 2 2 2 1 2 2 1 2 2 2 18 20
Depreciation 8 7 8 9 9 7 8 8 12 9 11 15 20
Profit before tax 74 23 97 84 61 52 73 67 62 63 59 42 69
Tax % 26% 18% 26% 29% 22% 26% 28% 21% 32% 27% 26% 27% 18%
54 19 71 59 47 38 52 53 42 46 43 31 56
EPS in Rs 5.57 1.97 7.31 6.08 4.85 3.92 5.33 5.40 4.28 4.75 4.00 2.84 5.18
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
829 953 1,077 1,265 1,376 1,580 1,738 1,703 1,694 2,008 2,039 1,880
775 897 1,013 1,124 1,213 1,387 1,555 1,478 1,457 1,774 1,830 1,669
Operating Profit 54 56 64 141 162 193 184 224 237 234 208 210
OPM % 6% 6% 6% 11% 12% 12% 11% 13% 14% 12% 10% 11%
14 8 13 21 26 23 30 32 47 70 75 114
Interest 15 12 10 7 7 6 7 8 9 7 8 44
Depreciation 19 20 22 23 24 28 31 33 33 32 41 58
Profit before tax 33 32 46 132 157 182 176 215 243 265 234 222
Tax % 28% 21% 24% 32% 29% 31% 30% 23% 26% 25% 27% 24%
24 25 34 90 111 126 124 166 181 197 171 168
EPS in Rs 7.26 7.70 10.60 27.74 11.39 12.90 12.67 16.96 18.56 20.22 17.54 15.48
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 2%
3 Years: 4%
TTM: -8%
Compounded Profit Growth
10 Years: 17%
5 Years: 1%
3 Years: -10%
TTM: -20%
Stock Price CAGR
10 Years: %
5 Years: 7%
3 Years: -6%
1 Year: -24%
Return on Equity
10 Years: 16%
5 Years: 13%
3 Years: 11%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 145 170 204 294 397 522 645 806 989 1,185 1,313 2,620
123 91 72 46 4 1 0 3 2 19 149 1,000
144 193 248 288 350 341 353 337 406 379 406 521
Total Liabilities 428 471 540 645 775 888 1,023 1,170 1,421 1,608 1,917 4,196
171 165 190 201 233 254 269 279 278 257 311 504
CWIP 1 17 8 2 3 4 1 17 1 1 103 80
Investments 31 23 30 53 73 195 416 443 623 839 960 3,068
225 266 311 390 466 436 337 431 519 511 543 543
Total Assets 428 471 540 645 775 888 1,023 1,170 1,421 1,608 1,917 4,196

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
76 121 110 171 102 114 120 130 178 196 147 246
-20 -26 -41 -41 4 -71 -240 -103 -163 -210 -186 -2,160
-42 -54 -31 -32 -50 -9 -8 -9 -9 -6 38 1,915
Net Cash Flow 14 40 39 97 56 34 -129 18 6 -21 -2 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 33 31 27 21 26 23 22 27 35 25 25 37
Inventory Days 57 51 48 41 52 53 57 73 93 55 63 51
Days Payable 45 52 57 49 63 46 43 50 95 53 57 55
Cash Conversion Cycle 45 30 17 13 15 30 35 50 33 27 30 33
Working Capital Days 32 12 -12 -20 -10 4 9 20 19 14 7 -15
ROCE % 17% 16% 20% 42% 42% 39% 29% 29% 25% 23% 16% 8%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.95% 72.95% 72.95% 72.95% 72.95% 72.95% 72.95% 72.95% 72.95% 65.48% 65.48% 65.48%
1.33% 1.43% 2.03% 2.53% 3.11% 3.16% 3.19% 3.26% 3.21% 6.04% 6.12% 6.32%
23.65% 23.72% 23.84% 23.37% 22.84% 22.73% 22.43% 22.28% 21.95% 25.08% 24.99% 24.52%
2.07% 1.90% 1.18% 1.15% 1.10% 1.14% 1.43% 1.50% 1.89% 3.40% 3.40% 3.68%
No. of Shareholders 13,38611,93617,80221,50318,23118,94525,29127,23230,57444,13739,44439,103

* 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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