Consumer Durables News

Sheela Foam stocks: Buy Sheela Foam, target price Rs 3650: ICICI Direct

ICICI Direct has buy call on Sheela Foam with a target price of Rs 3650. The current market price of . is Rs 2945.6. Time period given by analyst is one year when Ltd. price can reach defined target.

Sheela Foam Ltd., incorporated in the year 1971, is a Mid Cap company (having a market cap of Rs 14294.09 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.

Promoter/FII Holdings
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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