Sheela Foam Ltd., incorporated in the year 1971, is a Mid Cap company (having a market cap of Rs 13895.54 Crore) operating in Consumer Durables sector.
Sheela Foam Ltd. key Products/Revenue Segments include PU Foam Sheets/Mattresses/Rolls/Bolster/Pillows etc., Sale of services, Scrap, Other Operating Revenue and Job Work for the year ending 31-Mar-2022.
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 747.54 Crore, down -4.09 % from last quarter Total Income of Rs 779.38 Crore and up 31.35 % from last year same quarter Total Income of Rs 569.11 Crore. Company reported net profit after tax of Rs 42.52 Crore in latest quarter.
The positive stance on Sheela Foam is based on the long-term opportunities which also embellish the narrative – (a) benefit from China+ strategy of buyers in the US, Europe, (b) opportunity in furniture cushioning and manufacturing (under SleepX brand), (c) sustained acceleration in India business growth (competitive edge through 5,000+ EBO network), (d) consumers realizing importance of good quality mattress and (e) focus on growing e-commerce channel.
Promoters held 72.95 per cent stake in the company as of 30-Jun-2022, while FIIs owned 3.11 per cent, DIIs 22.84 per cent.
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