Sheela Foam BSE:540203 Stock Report

Full year 2022 earnings: EPS and revenues miss analyst expectations

Full year 2022 results: EPS: ₹44.55 (down from ₹48.73 in FY 2021). Revenue: ₹29.8b (up 22% from FY 2021). Net income: ₹2.17b (down 8.6% from FY 2021). Profit margin: 7.3% (down from 9.8% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 13%, compared to a 25% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.

Sheela Foam Limited to Report Q1, 2023 Results on Aug 02, 2022

Sheela Foam Limited Announces Retirement of Vijay Kumar Chopra as Independent Director, Term Ending on June 6, 2022

Sheela Foam Limited informed that Mr. Vijay Kumar Chopra was re-appointed as an Independent Director on June 7, 2021 on the Board of the Company for a period of one year. His term as Independent Directors has ended on June 6, 2022. The delay in informing the Stock Exchanges if unintentional.

Insufficient new directors

No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. Non Executive Independent Director Meena Jagtiani was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.

Full year 2022 earnings: EPS and revenues miss analyst expectations

Full year 2022 results: EPS: ₹44.83 (down from ₹48.73 in FY 2021). Revenue: ₹30.6b (up 26% from FY 2021). Net income: ₹2.17b (down 8.6% from FY 2021). Profit margin: 7.1% (down from 9.8% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 12%, compared to a 27% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.