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Sheela Foam Overview

Sheela Foam Ltd, formerly Sheela Foam Private Ltd, manufactures mattresses underneath Sleepwell logo. The Company manufactures other foam-based home comfort products focusing primarily at Indian retail consumers, in addition to technical grades of polyurethane (PU) foam for end use in various industries. Its home comfort line consists of products, inclusive of furniture-cushioning, cushions and sofa-cum-beds, as well as PU Foam cores utilized for manufacturing finished home comfort merchandise, and comfort add-ons, which includes bed sheets and...Read More

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Sheela Foam Key Financials

Market Cap ₹5748 Cr.

Stock P/E 60.2

P/B 1.8

Current Price ₹528.7

Book Value ₹ 287.8

Face Value 5

52W High ₹768.9

Dividend Yield 0%

52W Low ₹ 460.8

Sheela Foam Share Price

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Volume
Price

Sheela Foam Quarterly Price

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Sheela Foam Peer Comparison

Sheela Foam Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 613 879 845 810 813 967 850 821 875 1074
Other Income 24 32 37 31 32 8 61 10 11 16
Total Income 638 911 882 840 845 975 911 831 885 1090
Total Expenditure 547 803 765 750 742 879 817 746 788 960
Operating Profit 91 108 117 90 102 96 94 85 98 130
Interest 9 25 27 28 28 29 35 29 28 17
Depreciation 22 30 41 40 48 45 50 46 50 47
Exceptional Income / Expenses 0 0 34 31 0 0 -0 0 -8 0
Profit Before Tax 60 53 83 53 26 22 9 10 12 66
Provision for Tax 16 14 14 7 6 5 -12 4 5 16
Profit After Tax 45 38 68 47 20 17 21 5 8 50
Adjustments -1 -8 -4 -1 -0 0 0 2 2 3
Profit After Adjustments 44 31 65 46 20 17 21 7 10 52
Adjusted Earnings Per Share 4 2.8 5.9 4.2 1.8 1.5 2 0.7 0.9 4.8

Sheela Foam Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1418 1550 1733 1965 2141 2174 2437 2866 2873 2982 3439 3620
Other Income 11 17 23 21 29 40 50 79 86 117 131 98
Total Income 1429 1567 1756 1986 2171 2214 2487 2945 2959 3099 3570 3717
Total Expenditure 1327 1374 1537 1749 1932 1873 2073 2551 2575 2682 3189 3311
Operating Profit 102 193 219 237 239 340 414 394 384 418 381 407
Interest 16 12 11 9 10 13 18 17 21 69 121 109
Depreciation 28 29 30 35 40 59 73 81 90 116 183 193
Exceptional Income / Expenses 0 0 0 0 0 -12 0 0 0 23 31 -8
Profit Before Tax 58 152 178 193 189 256 324 296 273 256 108 97
Provision for Tax 15 47 52 60 56 62 84 78 72 61 13 13
Profit After Tax 43 105 126 134 134 194 240 219 201 195 96 84
Adjustments 0 0 0 0 0 -1 -2 -1 -2 -12 1 7
Profit After Adjustments 43 105 126 134 134 193 238 217 199 182 96 90
Adjusted Earnings Per Share 4.4 10.7 12.9 13.7 13.7 19.8 24.4 22.3 20.4 16.8 8.8 8.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 15% 6% 10% 9%
Operating Profit CAGR -9% -1% 2% 14%
PAT CAGR -51% -24% -13% 8%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -20% -21% -12% NA%
ROE Average 3% 8% 13% 20%
ROCE Average 5% 10% 16% 24%

Sheela Foam Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 245 338 464 597 730 920 1184 1393 1598 2920 3035
Minority's Interest 0 0 0 0 0 7 9 8 8 61 60
Borrowings 73 35 22 8 6 157 133 228 284 945 530
Other Non-Current Liabilities 40 47 53 72 84 176 417 438 264 276 266
Total Current Liabilities 322 368 380 365 342 385 855 550 682 1129 1523
Total Liabilities 679 788 918 1043 1162 1644 2598 2616 2837 5331 5414
Fixed Assets 286 288 317 347 348 792 835 827 812 3078 3106
Other Non-Current Assets 21 36 55 103 128 95 646 1003 592 1378 845
Total Current Assets 373 465 546 592 686 757 1116 786 1433 875 1419
Total Assets 679 788 918 1043 1162 1644 2598 2616 2837 5331 5414

Sheela Foam Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 77 117 61 118 152 17 44 57 41 42 44
Cash Flow from Operating Activities 147 159 122 134 138 157 254 197 218 406 252
Cash Flow from Investing Activities -49 -34 2 -80 -246 -287 -208 -306 -274 -2258 -29
Cash Flow from Financing Activities -59 -25 -67 -20 -27 157 -32 93 56 1854 -226
Net Cash Inflow / Outflow 40 100 57 34 -135 27 13 -17 -0 2 -3
Closing Cash & Cash Equivalent 117 217 118 152 17 44 57 41 42 44 41

Sheela Foam Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 4.37 10.73 12.87 13.7 13.71 19.83 24.37 22.28 20.39 16.78 8.84
CEPS(Rs) 7.24 13.73 15.98 17.32 17.76 25.97 32.08 30.7 29.77 28.55 25.59
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 25.12 34.69 47.52 61.22 74.83 94.27 121.38 142.73 163.82 268.42 278.41
Core EBITDA Margin(%) 5.81 10.37 10.35 10.79 9.78 13.82 14.56 10.38 9.68 9.13 6.58
EBIT Margin(%) 4.75 9.64 9.97 10.09 9.3 12.39 13.65 10.32 9.55 9.86 6.02
Pre Tax Margin(%) 3.7 8.96 9.39 9.65 8.85 11.79 12.95 9.76 8.86 7.78 2.85
PAT Margin (%) 2.75 6.17 6.63 6.67 6.25 8.94 9.6 7.21 6.52 5.91 2.52
Cash Profit Margin (%) 4.55 7.9 8.23 8.43 8.09 11.65 12.51 9.87 9.43 9.43 7.32
ROA(%) 6.54 14.27 14.71 13.64 12.13 13.85 11.32 8.39 7.37 4.76 1.78
ROE(%) 19.33 35.89 31.31 25.21 20.15 23.55 22.83 16.98 13.43 8.61 3.21
ROCE(%) 19.02 38.75 38.68 34.61 28.32 28.47 27.09 20.08 15.5 10.36 5.41
Receivable days 27.56 24.92 24.65 26.05 25.52 30.89 37.79 34.36 32.66 35.81 34.09
Inventory Days 28.47 23.97 24.19 29.05 30.66 34.76 39.56 37.86 38.25 37.19 33.12
Payable days 46.9 52.81 54.77 53.63 46.33 52.83 66.96 62.36 58.11 69.55 64.6
PER(x) 0 0 43.73 54.52 45.9 32.74 40.55 78.02 48.82 56.03 80.41
Price/Book(x) 0 0 11.84 12.21 8.41 6.89 8.14 12.18 6.08 3.5 2.55
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.03 -0.06 3.08 3.65 2.87 2.99 4.02 6.02 3.53 3.84 2.59
EV/Core EBITDA(x) 0.44 -0.44 24.36 30.24 25.77 19.1 23.62 43.78 26.42 27.43 23.36
Net Sales Growth(%) 11.53 9.33 11.8 13.42 8.96 1.5 12.13 17.58 0.27 3.79 15.32
EBIT Growth(%) 33.29 121.94 15.45 7.04 -1.54 35.32 26.79 -8.26 -6.12 10.33 -29.5
PAT Growth(%) 53.28 145.38 19.9 6.49 0.02 45.27 23.61 -8.92 -8.18 -3.15 -50.89
EPS Growth(%) 53.28 145.39 19.9 6.49 0.03 44.63 22.9 -8.58 -8.46 -17.69 -47.33
Debt/Equity(x) 0.59 0.34 0.13 0.08 0.04 0.23 0.17 0.24 0.29 0.44 0.4
Current Ratio(x) 1.16 1.26 1.44 1.62 2 1.97 1.31 1.43 2.1 0.78 0.93
Quick Ratio(x) 0.79 0.98 1.05 1.15 1.46 1.38 0.94 0.86 1.62 0.47 0.7
Interest Cover(x) 4.55 14.02 17.22 23.32 20.68 20.73 19.31 18.46 13.96 4.73 1.9
Total Debt/Mcap(x) 0 0 0.01 0.01 0 0.03 0.02 0.02 0.05 0.13 0.16

Sheela Foam Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 65.48 65.48 65.48 65.48 65.48 65.7 65.69 65.69 65.69 65.69
FII 6.04 6.12 6.32 6.4 6.59 6.55 6.23 4.63 4.07 4.18
DII 25.08 24.99 24.53 23.4 22.3 21.04 21.17 21.13 21.11 20.39
Public 3.4 3.4 3.67 4.72 5.63 6.71 6.91 8.56 9.14 9.75
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Sheela Foam News

Sheela Foam Pros & Cons

Pros

  • Debtor days have improved from 69.55 to 64.6days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 8% over the last 3 years.
  • The company has delivered a poor profit growth of -13% over past five years.
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