Sheela Foam Limited
SFL, established in 1971, is a leading manufacturer of PU foams in Asia Pacific. The company has secured a dominant position in key industries such as mattresses, automotive, footwear, lingerie, and furniture. The Company specialises in the productio...
Key Metrics
EPS
11.14
Current ratio
1.46
Debt/Equity
0.73
Debt/EBITDA
2.22
Interest coverage ratio
18.46
Operating Cashflow to total debt
0.53
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Strengthened Market Position
Acquisition of KEL & Furlenco to Strengthen Business Profile
Partly Debt-funded Acquisition to Impact Otherwise Robust Credit Metrics
Scale of Operations to Improve post Acquisition
Strong Record of Acquisitions Historically
Liquidity - Adequate
Cons
Threat from Organised Home Decor Outlets and Increasing Online Share
Exposure to Cyclicality and Economic Downturns
Susceptibility to Volatility in Raw Material Costs; Forex Risk
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About Sheela Foam Limited bond.
This comprehensive profile covers key factual information about Sheela Foam Limited. SFL, established in 1971, is a leading manufacturer of PU foams in Asia Pacific. The company has secured a dominant position in key industries such as mattresses, automotive, footwear, lingerie, and furniture. The Company specialises in the production of a diverse range of foam-based home comfort products, such as mattresses and furniture cushions. SFL operates in flagship brands, including Sleepwell for mattresses and home comfort, Feather Foam for pure PU foam, and Lamiflex for polyester foam used in lamination. The company has a global reach, with 11 manufacturing plants nationwide in India, five in Australia, and one in Spain. EPS in Mar-2024 was 11.14. Current ratio in Mar-2024 was 1.46. Debt/Equity in Mar-2024 was 0.73. Debt/EBITDA in Mar-2024 was 2.22. Interest coverage ratio in Mar-2024 was 18.46. Operating Cashflow to total debt in Mar-2024 was 0.53. Total revenue for Mar-2025(E) was ₹3,431.97. Net income for Mar-2025(E) stood at ₹187.73. Total assets as of Mar-2024 were ₹5,321.84. Operating cash flow for Mar-2024 was ₹405.95. The company’s borrowing relationships include Kotak Mahindra Bank Limited (₹N/A Cr), YES Bank Limited (₹N/A Cr), Citibank N. A. (₹N/A Cr), (₹N/A Cr), (₹N/A Cr). Peers and comparison entities consist of Sheela Foam Limited, Hindware Home Innovation Limited, Carysil Limited, Premier Polyfilm Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Strengthened Market Position; Acquisition of KEL & Furlenco to Strengthen Business Profile; Partly Debt-funded Acquisition to Impact Otherwise Robust Credit Metrics; Scale of Operations to Improve post Acquisition; Strong Record of Acquisitions Historically; Liquidity - Adequate. Key risks include: Threat from Organised Home Decor Outlets and Increasing Online Share; Exposure to Cyclicality and Economic Downturns; Susceptibility to Volatility in Raw Material Costs; Forex Risk. Leadership team details include Amit Kumar Gupta (Group CFO), Anil Tandon (Independent Non-Executive Director), Md Iquebal Ahmad (Company Secretary & Compliance Officer), Meena Jagtiani (Independent Non-Executive Director), Namita Gautam (Executive Director), Nilesh Mazumdar (Chief Executive Officer), Rahul Gautam (Executive Chairman), Rakesh Chahar (Executive Director), Ravindra Dhariwal (Independent Non-Executive Director), Som Mittal (Independent Non-Executive Director), Tushaar Gautam (Managing Director), Vijay Kumar Ahluwalia (Independent Non-Executive Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.