Announcement • Jun 24
Sheela Foam Limited announces Annual dividend, payable on August 15, 2026 Sheela Foam Limited announced Annual dividend of INR 1.0000 per share payable on August 15, 2026, ex-date on July 09, 2026 and record date on July 09, 2026. Reported Earnings • Jun 24
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: ₹14.62 (up from ₹8.18 in FY 2025). Revenue: ₹38.2b (up 11% from FY 2025). Net income: ₹1.60b (up 79% from FY 2025). Profit margin: 4.2% (up from 2.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Jun 22
Sheela Foam Limited, Annual General Meeting, Jul 16, 2026 Sheela Foam Limited, Annual General Meeting, Jul 16, 2026, at 10:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹698, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 32x in the Consumer Durables industry in India. Total loss to shareholders of 42% over the past three years. Announcement • Jun 09
Sheela Foam Limited Announces Board and Committees Cessations, Effective June 06, 2026 Sheela Foam Limited informed that the second consecutive term of appointment of Mr. Som Mittal, Mr. Ravindra Dhariwal and Mr. Anil Tandon as Non-Executive Independent Directors of the Company concluded on June 06, 2026. Accordingly, they ceased to be Independent Directors of the Company with effect from the close of business hours on June 06, 2026, upon completion of their respective terms of office. Consequent upon the cessation of office of Mr. Som Mittal, Mr. Ravindra Dhariwal and Mr. Anil Tandon as Non-Executive Independent Directors of the Company, their respective memberships and chairmanships on the Committees of the Board, wherever applicable, also ceased with effect from the close of business hours on June 06, 2026. Reported Earnings • May 16
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: ₹14.62 (up from ₹8.84 in FY 2025). Revenue: ₹38.8b (up 13% from FY 2025). Net income: ₹1.60b (up 66% from FY 2025). Profit margin: 4.1% (up from 2.8% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • May 11
Sheela Foam Limited to Report Fiscal Year 2026 Results on May 14, 2026 Sheela Foam Limited announced that they will report fiscal year 2026 results at 12:08 PM, Indian Standard Time on May 14, 2026 Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹614, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 32x in the Consumer Durables industry in India. Total loss to shareholders of 48% over the past three years. Reported Earnings • Feb 05
Third quarter 2026 earnings released: EPS: ₹4.77 (vs ₹1.73 in 3Q 2025) Third quarter 2026 results: EPS: ₹4.77 (up from ₹1.73 in 3Q 2025). Revenue: ₹10.9b (up 13% from 3Q 2025). Net income: ₹521.3m (up 178% from 3Q 2025). Profit margin: 4.8% (up from 1.9% in 3Q 2025). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. New Risk • Feb 05
New major risk - Revenue and earnings growth Earnings have declined by 19% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Announcement • Jan 29
Sheela Foam Limited to Report Q3, 2026 Results on Feb 03, 2026 Sheela Foam Limited announced that they will report Q3, 2026 results on Feb 03, 2026 Reported Earnings • Nov 05
Second quarter 2026 earnings released: EPS: ₹0.88 (vs ₹0.90 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.88 (down from ₹0.90 in 2Q 2025). Revenue: ₹8.85b (up 9.0% from 2Q 2025). Net income: ₹96.6m (down 1.5% from 2Q 2025). Profit margin: 1.1% (down from 1.2% in 2Q 2025). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Oct 31
Sheela Foam Limited to Report Q2, 2026 Results on Nov 04, 2025 Sheela Foam Limited announced that they will report Q2, 2026 results on Nov 04, 2025 Reported Earnings • Aug 06
First quarter 2026 earnings released: EPS: ₹0.68 (vs ₹4.23 in 1Q 2025) First quarter 2026 results: EPS: ₹0.68 (down from ₹4.23 in 1Q 2025). Revenue: ₹8.21b (up 1.4% from 1Q 2025). Net income: ₹74.3m (down 84% from 1Q 2025). Profit margin: 0.9% (down from 5.7% in 1Q 2025). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Announcement • Aug 01
Sheela Foam Limited to Report Q1, 2026 Results on Aug 05, 2025 Sheela Foam Limited announced that they will report Q1, 2026 results on Aug 05, 2025 Announcement • Jul 02
Sheela Foam Limited Relieves Nilesh Sevabrata Mazumdar from the position of Chief Executive Officer, with Effect from July 01, 2025 Sheela Foam Limited announced Nilesh Sevabrata Mazumdar has been relieved from the Chief Executive Officer of the Company with effect from July 01, 2025. Reported Earnings • Jun 28
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ₹8.84 (down from ₹17.66 in FY 2024). Revenue: ₹34.4b (up 15% from FY 2024). Net income: ₹960.9m (down 47% from FY 2024). Profit margin: 2.8% (down from 6.1% in FY 2024). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 19%. Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 18% per year. Announcement • Jun 24
Sheela Foam Limited, Annual General Meeting, Jul 17, 2025 Sheela Foam Limited, Annual General Meeting, Jul 17, 2025, at 10:00 Indian Standard Time. Reported Earnings • May 15
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ₹8.84 (down from ₹17.66 in FY 2024). Revenue: ₹35.7b (up 19% from FY 2024). Net income: ₹960.9m (down 47% from FY 2024). Profit margin: 2.7% (down from 6.1% in FY 2024). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 19%. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 25% per year. Announcement • May 10
Sheela Foam Limited to Report Fiscal Year 2025 Results on May 14, 2025 Sheela Foam Limited announced that they will report fiscal year 2025 results on May 14, 2025 Price Target Changed • May 08
Price target decreased by 27% to ₹750 Down from ₹1,030, the current price target is provided by 1 analyst. New target price is 16% above last closing price of ₹644. Stock is down 28% over the past year. The company is forecast to post earnings per share of ₹7.40 for next year compared to ₹17.66 last year. Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: ₹1.73 (vs ₹2.83 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.73 (down from ₹2.83 in 3Q 2024). Revenue: ₹9.67b (up 10.0% from 3Q 2024). Net income: ₹187.8m (down 39% from 3Q 2024). Profit margin: 1.9% (down from 3.5% in 3Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 18% per year. Announcement • Jan 28
Sheela Foam Limited to Report Q3, 2025 Results on Jan 31, 2025 Sheela Foam Limited announced that they will report Q3, 2025 results on Jan 31, 2025 Recent Insider Transactions • Jan 03
Executive Chairman recently bought ₹12m worth of stock On the 31st of December, Rahul Gautam bought around 12k shares on-market at roughly ₹1,003 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹20m. Rahul has been a buyer over the last 12 months, purchasing a net total of ₹147m worth in shares. Recent Insider Transactions • Nov 26
Executive Chairman recently bought ₹10.0m worth of stock On the 21st of November, Rahul Gautam bought around 13k shares on-market at roughly ₹798 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Rahul's only on-market trade for the last 12 months. Reported Earnings • Oct 30
Second quarter 2025 earnings released: EPS: ₹0.90 (vs ₹4.48 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.90 (down from ₹4.48 in 2Q 2024). Revenue: ₹8.45b (up 38% from 2Q 2024). Net income: ₹98.1m (down 78% from 2Q 2024). Profit margin: 1.2% (down from 7.2% in 2Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 15% per year. Announcement • Oct 23
Sheela Foam Limited to Report Q2, 2025 Results on Oct 29, 2024 Sheela Foam Limited announced that they will report Q2, 2025 results on Oct 29, 2024 New Risk • Aug 03
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (11% increase in shares outstanding). Reported Earnings • Aug 03
First quarter 2025 earnings released: EPS: ₹4.23 (vs ₹4.41 in 1Q 2024) First quarter 2025 results: EPS: ₹4.23. Revenue: ₹8.40b (up 30% from 1Q 2024). Net income: ₹460.1m (up 6.8% from 1Q 2024). Profit margin: 5.5% (down from 6.7% in 1Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Announcement • Jul 26
Sheela Foam Limited to Report Q1, 2025 Results on Aug 02, 2024 Sheela Foam Limited announced that they will report Q1, 2025 results on Aug 02, 2024 Reported Earnings • Jun 28
Full year 2024 earnings: EPS in line with analyst expectations despite revenue beat Full year 2024 results: EPS: ₹17.66 (down from ₹20.39 in FY 2023). Revenue: ₹30.0b (up 3.8% from FY 2023). Net income: ₹1.82b (down 8.3% from FY 2023). Profit margin: 6.1% (down from 6.9% in FY 2023). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Jun 26
Sheela Foam Limited, Annual General Meeting, Jul 17, 2024 Sheela Foam Limited, Annual General Meeting, Jul 17, 2024, at 10:00 Indian Standard Time. Price Target Changed • May 24
Price target decreased by 13% to ₹1,062 Down from ₹1,222, the current price target is an average from 3 analysts. New target price is 17% above last closing price of ₹906. Stock is down 11% over the past year. The company is forecast to post earnings per share of ₹22.60 for next year compared to ₹17.66 last year. Reported Earnings • May 22
Full year 2024 earnings: EPS in line with analyst expectations despite revenue beat Full year 2024 results: EPS: ₹17.66 (down from ₹20.62 in FY 2023). Revenue: ₹31.0b (up 7.9% from FY 2023). Net income: ₹1.82b (down 9.3% from FY 2023). Profit margin: 5.9% (down from 7.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • May 16
Sheela Foam Limited to Report Fiscal Year 2024 Results on May 21, 2024 Sheela Foam Limited announced that they will report fiscal year 2024 results on May 21, 2024 Reported Earnings • Feb 07
Third quarter 2024 earnings released: EPS: ₹2.83 (vs ₹6.27 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.83 (down from ₹6.27 in 3Q 2023). Revenue: ₹9.11b (up 12% from 3Q 2023). Net income: ₹307.5m (down 49% from 3Q 2023). Profit margin: 3.4% (down from 7.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Feb 01
Sheela Foam Limited to Report Q3, 2024 Results on Feb 06, 2024 Sheela Foam Limited announced that they will report Q3, 2024 results on Feb 06, 2024 Announcement • Jan 12
Sheela Foam Limited (NSEI:SFL) acquired 2.57% stake in Kurlon Enterprise Limited for approximately INR 550 million. Sheela Foam Limited (NSEI:SFL) acquired 2.57% stake in Kurlon Enterprise Limited for approximately INR 550 million on January 12, 2024. Prior to the transaction, Sheela Foam Limited (NSEI:SFL) held 94.66%. in Kurlon Enterprise Limited.Sheela Foam Limited (NSEI:SFL) completed the acquisition of 2.57% stake in Kurlon Enterprise Limited for approximately INR 550 million on January 12, 2024. Announcement • Nov 04
Sheela Foam Limited Announces CEO Changes Sheela Foam Limited announced that the Board of Directors of the Company, at its meeting held on November 02, 2023, has approved: the resignation of Mr. Rahul Gautam from the post of Managing Director and appointment of Mr. Tushaar Gautam as Managing Director of the Company, effective November 02, 2023. Announcement • Nov 03
Sheela Foam Limited Appoints Rahul Gautam as Whole-Time Director and Chairman Sheela Foam Limited announced that the Board of Directors of the Company, at its meeting held on November 02, 2023, has approved: Appointment of Mr. Rahul Gautam as Whole-Time Director and Chairman; effective November 02, 2023. Reported Earnings • Nov 03
Second quarter 2024 earnings released: EPS: ₹4.48 (vs ₹5.49 in 2Q 2023) Second quarter 2024 results: EPS: ₹4.48 (down from ₹5.49 in 2Q 2023). Revenue: ₹6.38b (down 12% from 2Q 2023). Net income: ₹440.1m (down 17% from 2Q 2023). Profit margin: 6.9% (down from 7.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Oct 28
Sheela Foam Limited to Report Q2, 2024 Results on Nov 02, 2023 Sheela Foam Limited announced that they will report Q2, 2024 results on Nov 02, 2023 New Risk • Sep 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 03
First quarter 2024 earnings released: EPS: ₹4.41 (vs ₹4.36 in 1Q 2023) First quarter 2024 results: EPS: ₹4.41 (up from ₹4.36 in 1Q 2023). Revenue: ₹6.69b (down 8.2% from 1Q 2023). Net income: ₹430.7m (up 2.3% from 1Q 2023). Profit margin: 6.4% (up from 5.8% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 29
Sheela Foam Limited to Report Q1, 2024 Results on Aug 02, 2023 Sheela Foam Limited announced that they will report Q1, 2024 results on Aug 02, 2023 Reported Earnings • Jul 01
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ₹20.62 (down from ₹22.28 in FY 2022). Revenue: ₹28.7b (flat on FY 2022). Net income: ₹2.01b (down 7.4% from FY 2022). Profit margin: 7.0% (down from 7.6% in FY 2022). Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) also missed analyst estimates by 6.0%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 27
Sheela Foam Limited, Annual General Meeting, Jul 18, 2023 Sheela Foam Limited, Annual General Meeting, Jul 18, 2023, at 10:00 Indian Standard Time. Agenda: To receive, consider and adopt the Financial Statements of the Company for the year 2023 (Standalone and Consolidated) including audited Balance Sheet as at 31 March 2023, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date and the Reports Auditors thereon; to consider directorate appointments; and to consider other matters. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹1,209, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 36x in the Consumer Durables industry in India. Total returns to shareholders of 72% over the past three years. Price Target Changed • May 19
Price target decreased by 12% to ₹1,333 Down from ₹1,513, the current price target is an average from 4 analysts. New target price is 27% above last closing price of ₹1,048. Stock is down 32% over the past year. The company is forecast to post earnings per share of ₹27.90 for next year compared to ₹20.81 last year. Announcement • May 19
Sheela Foam Limited Appoints Amit Kumar Gupta as Group Chief Financial Officer Sheela Foam Limited announced that the Board of Directors has appointed Mr. Amit Kumar Gupta as Group Chief Financial Officer (Group-CFO) in its meeting held on 17th May, 2023. Mr. Amit Kumar Gupta aged about 50 years has done his PGDBM- Finance from SGRRITS, Dehradun. LLB (Mercantile Law) from HNB Garhwal University. He comes with around 25 years of rich experience across a large number of targets in both domestic and international markets. Prior to joining the Company, his immediate assignment was with Samvardhana Motherson Group as a Vice President (Strategy and M&A). He has also worked with various brand leaders like Focus Energy Ltd, Ballarpur Industries Ltd, HT Media Ltd, Amar Ujala Publications Ltd. under various capacities. Reported Earnings • May 18
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ₹20.81 (down from ₹22.28 in FY 2022). Revenue: ₹29.6b (flat on FY 2022). Net income: ₹2.01b (down 7.4% from FY 2022). Profit margin: 6.8% (down from 7.3% in FY 2022). Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) also missed analyst estimates by 6.0%. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 10
Sheela Foam Reportedly Looks to Buy Furlenco Sheela Foam Limited (NSEI:SFL) is in advanced talks to acquire Kieraya Furnishing Solutions Private Limited (Furlenco), said three people with knowledge of the development, as the maker of the Sleepwell brand of mattresses looks to expand into newer business categories. "The enterprise value (equity and debt) of Furlenco is being pegged at INR 5,000 million," one of the people said. Furlenco, which counts Lightbox Ventures and Zinnia Global Fund among its backers, has been scouting for financial investors for a while, the person added. According to the second person, the discussions are at an advanced stage, and an announcement is likely soon "if all conditions are met". The person didn't elaborate on the conditions. "For Sheela, the furniture rental category opens up a lot of new business possibilities," the third person said. The company has been looking at inorganic growth opportunities in its core as well as non-core categories, the person added. All three spoke on condition of anonymity. In an emailed response, a spokesperson for Sheela Foam said, "We constantly keep evaluating businesses, and this is one such case. Nothing concrete." Calls and messages to Ajith Mohan Karimpana, founder and chief executive of Furlenco, went unanswered. Price Target Changed • Feb 07
Price target decreased by 8.4% to ₹1,563 Down from ₹1,707, the current price target is an average from 4 analysts. New target price is 29% above last closing price of ₹1,211. Stock is down 27% over the past year. The company is forecast to post earnings per share of ₹23.97 for next year compared to ₹22.28 last year. Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: ₹6.27 (vs ₹6.91 in 3Q 2022) Third quarter 2023 results: EPS: ₹6.27 (down from ₹6.91 in 3Q 2022). Revenue: ₹8.17b (down 7.3% from 3Q 2022). Net income: ₹605.3m (down 9.5% from 3Q 2022). Profit margin: 7.4% (down from 7.6% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 26
Sheela Foam Limited to Report Q3, 2023 Results on Feb 02, 2023 Sheela Foam Limited announced that they will report Q3, 2023 results on Feb 02, 2023 Announcement • Nov 19
Sheela Foam Limited acquired International Comfort Technologies Pvt Ltd. Sheela Foam Limited acquired International Comfort Technologies Pvt Ltd on November 18, 2022.Sheela Foam Limited completed the acquisition of International Comfort Technologies Pvt Ltd on November 18, 2022. Board Change • Nov 16
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. 8 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. Announcement • Nov 09
Sheela Foam Limited Announces Resignation of Nikhil Ghanashyam Datye as Chief Financial Officer Sheela Foam Limited informed that Mr. Nikhil Ghanashyam Datye has resigned from the post of Chief Financial Officer of the company. He will be relieved with effect from December 5th, 2022. Reported Earnings • Nov 09
Second quarter 2023 earnings released: EPS: ₹10.98 (vs ₹15.77 in 2Q 2022) Second quarter 2023 results: EPS: ₹10.98 (down from ₹15.77 in 2Q 2022). Revenue: ₹7.45b (down 5.2% from 2Q 2022). Net income: ₹530.9m (down 31% from 2Q 2022). Profit margin: 7.1% (down from 9.7% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Oct 08
Price target decreased to ₹3,311 Down from ₹3,776, the current price target is an average from 2 analysts. New target price is 22% above last closing price of ₹2,723. Stock is up 12% over the past year. The company is forecast to post earnings per share of ₹64.20 for next year compared to ₹44.55 last year. Reported Earnings • Jul 28
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. Announcement • Jun 15
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. Board Change • Jun 01
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. Reported Earnings • May 14
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. Announcement • May 07
Sheela Foam Limited to Report Q4, 2022 Results on May 12, 2022 Sheela Foam Limited announced that they will report Q4, 2022 results on May 12, 2022 Board Change • May 02
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. Price Target Changed • Apr 27
Price target increased to ₹3,698 Up from ₹3,422, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ₹3,538. Stock is up 70% over the past year. The company is forecast to post earnings per share of ₹51.97 for next year compared to ₹48.73 last year. Price Target Changed • Feb 05
Price target increased to ₹3,698 Up from ₹3,422, the current price target is an average from 3 analysts. New target price is 12% above last closing price of ₹3,309. Stock is up 59% over the past year. The company is forecast to post earnings per share of ₹51.97 for next year compared to ₹48.73 last year. Reported Earnings • Feb 03
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: ₹13.81 (down from ₹20.53 in 3Q 2021). Revenue: ₹9.09b (up 10% from 3Q 2021). Net income: ₹668.7m (down 33% from 3Q 2021). Profit margin: 7.4% (down from 12% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 14%, compared to a 28% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 20% share price gain to ₹3,203, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 48x in the Consumer Durables industry in India. Total returns to shareholders of 126% over the past three years. Reported Earnings • Nov 04
Second quarter 2022 earnings released: EPS ₹15.77 (vs ₹14.32 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: ₹7.86b (up 29% from 2Q 2021). Net income: ₹764.0m (up 11% from 2Q 2021). Profit margin: 9.7% (down from 11% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 23% per year. Price Target Changed • Oct 13
Price target increased to ₹2,523 Up from ₹2,316, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₹2,440. Stock is up 87% over the past year. Reported Earnings • Jul 27
Full year 2021 earnings released: EPS ₹48.73 (vs ₹39.65 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: ₹24.4b (up 12% from FY 2020). Net income: ₹2.38b (up 23% from FY 2020). Profit margin: 9.8% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 17% per year. Executive Departure • Jul 20
Additional Non-Executive Independent Director Vijay Ahluwalia has left the company On the 18th of July, Vijay Ahluwalia's tenure as Additional Non-Executive Independent Director ended after 3.4 years in the role. We don't have any record of a personal shareholding under Vijay's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 5.67 years. Executive Departure • Jun 07
Chief Financial Officer Dhruv Mathur has left the company During their tenure, earnings grew by 23% annually compared to the industry average of 3.3%. On the 1st of June, Dhruv Mathur left the company after 1.6 in the role. We don't have any record of a personal shareholding under Dhruv's name. Dhruv is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.67 years. Reported Earnings • May 30
Full year 2021 earnings released: EPS ₹49.23 (vs ₹39.65 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: ₹24.9b (up 14% from FY 2020). Net income: ₹2.38b (up 23% from FY 2020). Profit margin: 9.6% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 10
New 90-day high: ₹2,088 The company is up 23% from its price of ₹1,703 on 10 December 2020. The Indian market is up 14% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 34% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹594 per share. Major Estimate Revision • Feb 10
Analysts increase EPS estimates to ₹50.35 The 2021 consensus revenue estimate increased from ₹21.6b to ₹23.4b. The earnings per share estimate also received an upgrade from ₹40.80 to ₹50.35 for the same period. Net income is expected to grow by 35% next year compared to 54% growth forecast for the Consumer Durables industry in India. The consensus price target increased from ₹2,069 to ₹2,315. Share price is up 3.6% to ₹2,072 over the past week. Analyst Estimate Surprise Post Earnings • Feb 04
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 7.0%. Over the next year, revenue is forecast to grow 14%, compared to a 40% growth forecast for the Consumer Durables industry in India. Reported Earnings • Feb 04
Third quarter 2021 earnings released: EPS ₹20.53 (vs ₹13.25 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹8.42b (up 28% from 3Q 2020). Net income: ₹992.8m (up 54% from 3Q 2020). Profit margin: 12% (up from 9.8% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jan 21
Price target raised to ₹1,869 Up from ₹1,513, the current price target is an average from 3 analysts. The new target price is 10% below the current share price of ₹2,087. As of last close, the stock is up 41% over the past year. Is New 90 Day High Low • Jan 19
New 90-day high: ₹2,030 The company is up 61% from its price of ₹1,260 on 21 October 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹340 per share. Is New 90 Day High Low • Dec 31
New 90-day high: ₹1,741 The company is up 30% from its price of ₹1,336 on 01 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹338 per share. Valuation Update With 7 Day Price Move • Dec 01
Market bids up stock over the past week After last week's 18% share price gain to ₹1,592, the stock is trading at a trailing P/E ratio of 43.7x, up from the previous P/E ratio of 37.1x. This compares to an average P/E of 29x in the Consumer Durables industry in India. Total return to shareholders over the past three years is a loss of 10%. Is New 90 Day High Low • Dec 01
New 90-day high: ₹1,592 The company is up 15% from its price of ₹1,385 on 02 September 2020. The Indian market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹295 per share. Major Estimate Revision • Nov 04
Analysts increase EPS estimates to ₹40.80 The 2021 consensus revenue estimate increased from ₹20.8b to ₹22.1b. The earnings per share estimate also received an upgrade from ₹32.50 to ₹40.80 for the same period. Net income is expected to grow by 30% next year compared to 31% growth forecast for the Consumer Durables industry in India. The consensus price target increased from ₹1,513 to ₹1,554. Share price is down by 1.2% to ₹1,260 over the past week. Is New 90 Day High Low • Nov 03
New 90-day low: ₹1,253 The company is down 9.0% from its price of ₹1,373 on 05 August 2020. The Indian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹306 per share. Is New 90 Day High Low • Oct 12
New 90-day low: ₹1,310 The company is down 9.0% from its price of ₹1,434 on 14 July 2020. The Indian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹367 per share. Announcement • Sep 13
Sheela Foam Limited to Report Q1, 2021 Results on Aug 20, 2020 Sheela Foam Limited announced that they will report Q1, 2021 results on Aug 20, 2020 Announcement • Jul 30
Sheela Foam Limited (BSE:540203) completed the acquisition of Staqo World Private limited for INR 0.07 million. Sheela Foam Limited (BSE:540203) agreed to acquire Staqo World Private limited on February 10, 2020. Under the terms, the consideration for the transaction will be paid in cash. The board of Sheela Foam Limited approved the transaction. The transaction is expected to close on or before February 29, 2020 subject to closing conditions.
Sheela Foam Limited (BSE:540203) completed the acquisition of Staqo World Private limited for INR 0.07 million on March 26, 2020. Under the terms of consideration 0.01 million shares were acquired for INR 0.073 million.