Sheela Foam Ltd - Stock Valuation and Financial Performance

BSE: 540203 | NSE: SFL | Household & Personal Products | Small Cap

Sheela Foam Share Price

947.95 -23.25 -2.39%
as on 20-Dec'24 16:59

DeciZen - make an informed investing decision on Sheela Foam

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Sheela Foam stock performance -

mw4me loader
P/E Ratio (SA):
61.72
Market Cap:
10,304 Cr.
52-wk low:
775.2
52-wk high:
1,262

Is Sheela Foam Ltd an attractive stock to invest in?

1. Is Sheela Foam Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sheela Foam Ltd is a good quality company.

2. Is Sheela Foam Ltd undervalued or overvalued?

The key valuation ratios of Sheela Foam Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Sheela Foam Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Sheela Foam Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Sheela Foam:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sheela Foam Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 19.7%42.9%42.1%38.7%30.1%29.8%27.4%24.4%17.9%10.4%-
Value Creation
Index
0.52.22.11.91.21.21.00.80.3-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,1361,2651,4291,6571,8141,7551,6942,0082,0391,8802,105
Sales YoY Gr.-11.4%12.9%16%9.5%-3.3%-3.5%18.6%1.5%-7.8%-
Adj EPS 3.79.211.112.712.516.317.119.41814.115.4
YoY Gr.-147.3%21.5%14.6%-2.1%30.6%4.9%13.8%-7.4%-21.5%-
BVPS (₹) 22.631.843.25668.685.1103.9124139.6245.8253.2
Adj Net
Profit
36.189.3108124122159167190176154167
Cash Flow from Ops. 110171102114120130178196147246-
Debt/CF from Ops. 0.70.30000000.93.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.8%0.7%3.5%-7.8%
Adj EPS 16.1%2.5%-6.1%-21.5%
BVPS30.4%29.1%33.3%76.1%
Share Price - 8.3% -16.4% -22.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
17.833.629.625.72021.218.117.113.77.66.2
Op. Profit
Mgn %
5.711.111.411.510.112.81411.81111.210.6
Net Profit
Mgn %
3.27.17.67.56.79.19.89.48.68.27.9
Debt to
Equity
0.30.20000000.10.40.2
Working Cap
Days
57505261627511812311411856
Cash Conv.
Cycle
2011916232927171720-6

Recent Performance Summary

Sales growth is good in last 4 quarters at 11.50%

Return on Equity has declined versus last 3 years average to 6.20%

Sales growth has been subdued in last 3 years 3.53%

Net Profit has been subdued in last 3 years -6.12%

Latest Financials - Sheela Foam Ltd.

Standalone Consolidated
TTM EPS (₹) 15.4 13.9
TTM Sales (₹ Cr.) 2,105 3,347
BVPS (₹.) 253.2 275.8
Reserves (₹ Cr.) 2,693 2,943
P/BV 3.74 3.44
PE 61.72 68.15
From the Market
52 Week Low / High (₹) 775.15 / 1262.00
All Time Low / High (₹) 430.00 / 2027.00
Market Cap (₹ Cr.) 10,304
Equity (₹ Cr.) 54.4
Face Value (₹) 5
Industry PE 60.1

Management X-Ray of Sheela Foam:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sheela Foam

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,1361,2651,4291,6571,8141,7551,6942,0082,0391,880
Operating Expenses 1,0731,1251,2671,4651,6321,5301,4571,7741,8301,670
Manufacturing Costs9610910911710513297109115108
Material Costs6986587769009878278951,2561,1991,069
Employee Cost 688191101111141120132151166
Other Costs 212278291348429430344278365327
Operating Profit 62140162191182224237234208210
Operating Profit Margin (%) 5.5%11.1%11.3%11.5%10.0%12.8%14.0%11.6%10.2%11.2%
Other Income 15212625324447707597
Interest 107767897844
Depreciation 22232428313333324158
Exceptional Items 00000-1200018
Profit Before Tax 46132157183176215243265234222
Tax 11424657525062676354
Profit After Tax 3490111126124166181197171168
PAT Margin (%) 3.0%7.1%7.8%7.6%6.8%9.4%10.7%9.8%8.4%9.0%
Adjusted EPS (₹)3.59.211.412.912.717.018.620.217.515.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 2203114215466698301,0131,2101,3622,672
Share Capital 16162424242424244954
Reserves 2042943975226458069891,1851,3132,618
Minority Interest0000000000
Debt5345400000132927
Long Term Debt18440000099787
Short Term Debt354100000033139
Trade Payables9489134113117114233194188161
Others Liabilities 173201216229237225416452358603
Total Liabilities 5406457758881,0231,1701,6631,8552,0404,363

Fixed Assets

Gross Block312335255303346387416424518756
Accumulated Depreciation121134235080112143171211255
Net Fixed Assets190201232252265275274253307501
CWIP 82341171110380
Investments 3053731954164436238399603,068
Inventories9174110130153165228203207150
Trade Receivables787499102103126163136138189
Cash Equivalents 108205196145122936151313
Others Assets3436626173114338408312362
Total Assets 5406457758881,0231,1701,6631,8552,0404,363

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 110171102114120130178196147246
PBT 46132157183176215243265234205
Adjustment 2720182118265-101835
Changes in Working Capital 4649-6-41-18-60-1811-3779
Tax Paid -8-31-68-49-56-52-52-70-69-73
Cash Flow From Investing Activity -41-414-71-240-103-163-210-187-2,160
Capex -40-26-57-49-44-53-16-13-109-162
Net Investments -7-2277-12-204110-158-198-127-39
Others 68-16-109-15911049-1,959
Cash Flow From Financing Activity -31-32-50-9-8-9-9-6381,915
Net Proceeds from Shares 0000000001,142
Net Proceeds from Borrowing -21-31-2-3-100051-33
Interest Paid -11-7-7-6-7-8-8-4-10-14
Dividend Paid 0000000000
Others 16-4100-10-2-3820
Net Cash Flow 39975634-129186-21-20
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)16.9633.9630.3926.0320.3522.0819.6517.7513.318.34
ROCE (%)19.742.8542.1138.7130.0729.7827.3524.4417.9210.39
Asset Turnover Ratio2.522.382.242.041.91.61.231.241.150.65
PAT to CFO Conversion(x)3.241.90.920.90.970.780.980.990.861.46
Working Capital Days
Receivable Days23202022212430252229
Inventory Days25212126283341363331
Payable Days43515350425171625860

Sheela Foam Ltd Stock News

Sheela Foam Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sheela Foam on 20-Dec-2024 16:59 is ₹948.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Sheela Foam stood at ₹10,304.
The latest P/E ratio of Sheela Foam as of 20-Dec-2024 16:59 is 61.72.
The latest P/B ratio of Sheela Foam as of 20-Dec-2024 16:59 is 3.74.
The 52-week high of Sheela Foam is ₹1,262 and the 52-week low is ₹775.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sheela Foam is ₹2,105 ( Cr.) .

About Sheela Foam Ltd

Sheela Foam is a leading player in India’s mattress and foam products industry. Founded in 1971, the Company enjoys strong brand awareness and a nationwide presence in manufacturing of mattresses, home comfort products and technical grades of PU foam. The Company also enjoys a significant presence overseas, with its products being exported to over 20 countries worldwide.

The products of the Company and its various brands earn the credit of being highly durable and of unmatched quality. These products are the outcome of the ingenious R&D efforts of the Company. A highly skilled team of engineers and scientists constantly strive to create pioneering products by leveraging best-in-class technologies, while ensuring supreme quality.

Sleepwell, the flagship brand of the Company, delivers on its brand promise of producing premium and customized products. Over the years, the brand has earned a formidable reputation of developing delightful products in line with growing consumer aspirations. Other brands of the Company include Feather Foam and Starlite, which are low-priced mattresses for consumers. These brands have enabled the Company to augment its share in the organised mattress market.

Business area of the company

The company is a leading manufacturer of mattresses in India marketed under its flagship brand “Sleepwell”. In addition, it manufactures other foam-based home comfort products targeted primarily at Indian retail consumers, as well as technical grades of polyurethane foam (PU Foam) for end use in a wide range of industries.

Products

Mattresses: My Mattress, Spring range, Technology range, Comfort Cell range, Back support range, Flexi PUF range, Economy range Technical Products

Home Comfort Products: Furniture Cushions, Pillows, Comforters/Duvets, Sofa-cum-Beds

Technical Foam Products: Automotive foams, Reticulated foams, Ultra-Violet Stable foams, Sound Absorption foams

Awards

  • 2007: Won CIO100 award
  • 2008: Won CNBC Nasscom IT user award
  • 2009: Won Information Week Silver Edge Award
  • 2009: Won Dataquest Gold CIO award
  • 2010: Won Information Week Silver Edge Award
  • 2010: Won CIO100 award
  • 2010: CIO Green Edge – Special Award
  • 2010: Won CIO Asia Award
  • 2011: Won Red Hat Asia Pacific Award
  • 2011: Won MIS Asia IT Excellence Award- one of the Asia's most prestigious awards
  • 2011: Won Indian Express Intelligent Enterprise Award
  • 2012: Won CIO100 award
  • 2012: Won Information Week Silver Edge Award
  • 2012: Won CIO Innovative Award
  • 2012: Won CIO Innovative Award – Special Award
  • 2012: Won Dataquest Innovator Award
  • 2012: Won SKOCH Digital Inclusion Award
  • 2014: Won CIO100 award
  • 2014: Won Information Week Silver Edge Award
  • 2014: Won CIO 100 - Hall of Fame
  • 2015: Won Dataquest Business Technology Award
  • 2015: Won BSE-CIOKLUB ‘CIO of the Year’
  • 2016: Received the Computer World Premier Award
  • 2017: Awarded by PU Tech for Innovative Technology for Vertical Variable Pressure Foaming.
  • 2018: Most Trusted Mattress Brand Award In India - Reader's Digest most trusted brand award 2018 trophy
  • 2018: Economic Times Best Brand 2019 - In the Sleep & Comfort Brand Category.
  • 2018: Business Standard Star SME of the Year 2017-18.
  • 2018: Computer Society of India ‘Best CIO of the Year - 2018’ for IT Innovation & Excellence
  • 2018: Data Quest ‘Digital Leader 2018’. This award is based on the ability to transform enterprise computing to the next orbit
  • 2018: IDC Insights Award 2018 has been awarded in the category of Excellence in Revenue Generation.
  • 2019-20: IOT Innovation Award
  • 2019-20: Great Place to Work
  • 2019-20: National Awards for Manufacturing Competitiveness
  • 2019-20: RK Bajaj Performance Excellence Trophy
  • 2019-20: India’s Best Mattress Brand of the Year 2020

Milestones

  • 1971: Sheela Foam Pvt Ltd. Founded by Mrs. Sheela Gautam, Chairperson.
  • 1985:  Extended operations to NOIDA, a Satellite town of Delhi.
  • 1993: Process of liberalization started in the country and Sheela Group began rapid expansion
  • 1993: ‘Sleepwell’ brand launched.
  • 1994: Acquisition of a full fledged plant near Delhi.
  • 1996: Two more units added at Silvassa, near Mumbai and at Hyderabad in Andhra Pradesh
  • 1998: Introduced Rubberized Coir products under ‘Starlite’ Brand.
  • 1999: Tie - ups with Serta, US and Dunlopillo, UK for manufacturing mattresses
  • 2001: Set - up India's largest P.U. Foam producing plant at Greater Noida.
  • 2002: Expanded operations in North from plant at Rajpura, Punjab
  • 2003:  Set - up a manufacturing unit at Sikkim.
  • 2005: Acquired Polyurethane & Polystyrene business of Joyce, Australia
  • 2006: Joint Venture with Woodbridge Group, Canada for manufacturing moulded P.U. Foam - Auto components.
  • 2008: Joint Venture with AH Beards Australia for manufacturing Spring Mattresses
  • 2008: Revolutionised Mattress Retail with the launch of Sleepwell Worlds & Galleries
  • 2010: Launch of revolutionary technologies with Impressions, Latex Plus, Resitec Air, Duet Luxury, Durafirm, Serenity, Amity and many more.
  • 2012: A new State of the Art Unit in Erode starts operations to cater to the Southern markets
  • 2013: Expanded Production capacities at Kala Amb in HP for Northern Markets
  • 2015: Launch of Sleepedia, an initiative by Sleepwell to raise public awareness on importance of quality sleep as a means of good health and wellbeing
  • 2015: Launch of ‘Perfect Match’ a revolutionatry concept that uses world class Sensobed to recommend the perfect sleeping surface for every individual body type.
  • 2015: Introduced My Mattress Concept that enables a customer to choose the right mattress for themselves
  • 2015: A new State of the Art Unit in Siliguri starts operations to cater to the eastern markets
  • 2016: Company got listed on NSE and BSE.
  • 2018: Launch of Economy Product Range & E-commerce
  • 2019: Footprint in Europe, the Company acquired Interplasp S.L. in Spain
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