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Sheela Foam

SFL NSE
₹507.90 −1.20 (−0.24%)
P/E
25.81
View as Markdown
MCP
Close 4 Nov 2026 ₹507.90 −163.60 −24.4% 1Y
Start ₹671.50

Key Fundamentals

MicrocapConsumer DurablesConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
6.11%
Debt to Equity
0.28
EPS (TTM)
₹19.68
Book Value
₹307.20
Market Cap
—
P/E (TTM)
25.81
P/B
1.65
ROE
4.80%
Dividend Yield
0.20%
EBITDA
₹448 Cr
52W High
₹832.45
52W Low
₹456.80
Day Range
₹501.35 – ₹519.50
Volume
2,56,601

Peer Comparison

Consumer Discretionary › Consumer Goods › Home Furnishing › Furniture, Home Furnishing

Sheela Foam peer comparison
Sheela Foam (this company)
₹507.9025.81₹5,504 Cr1.650.20%4.80%6.11%₹4,031 Cr₹217 Cr
Wakefit Innovations
₹137.4721.55₹4,497 Cr4.030.00%23.10%10.90%₹1,547 Cr₹193 Cr
Responsive Industries
₹139.7236.77₹3,792 Cr2.360.07%10.30%10.80%₹1,248 Cr₹101 Cr
Safe Enterprises Retail Fixtures
₹229.50—₹1,053 Cr3.720.00%35.80%47.10%——
Parin Enterprises
₹663.4585.06₹778 Cr9.820.03%9.29%10.70%₹386 Cr₹10 Cr
Stanley Lifestyles
₹131.59160.48₹757 Cr1.610.00%1.80%5.55%₹410 Cr₹6 Cr
Hardwyn India
₹8.8852.24₹605 Cr1.490.00%3.18%4.70%₹158 Cr₹12 Cr
Median 7 companies₹139.7244.51₹1,053 Cr2.360.00%9.29%10.70%₹829 Cr₹57 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

52 Average

Data confidence 100/100

Category scores

Quality
63
Good
Returns, margins, earnings quality 22% weight
Valuation
73
Strong
Cheap vs sector & own history 24% weight
Growth
59
Good
Sales & profit trajectory 9% weight
Financial Health
47
Average
Solvency, leverage, coverage 9% weight
Momentum
16
Poor
Trend strength, vol-adjusted 12% weight
Ownership
36
Poor
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has reduced debt.

Weaknesses

3
  • The company has delivered a poor sales growth of 9.41% over past five years.
  • Company has a low return on equity of 3.86% over last 3 years.
  • Dividend payout has been low at 2.28% of profits over last 3 years

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1225
OscillatorsStrong Bullish225
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
21.75
Bullish
MACD (12,26,9)
−29.64
Bearish
SMA (50)
621.49
Bearish
SMA (200)
617.12
Bearish

As of

Analyst Rating

Based on 1 analysts
HOLD100%

0 of 1 analyst rates Buy, 1 Hold, 0 Sell.

As of

BUY
0
0%
HOLD
1
100%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+9.44%
5Y+9.41%
3Y+9.97%
1Y+11.11%
TTM+16.81%

Net profit

Net profit growth by window
10Y+4.37%
5Y−7.67%
3Y−7.13%
1Y+78.89%
TTM+280.70%

Operating cash flow

Operating cash flow growth by window
10Y+9.91%
5Y+10.00%
3Y+23.34%
1Y+65.59%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−1.01 pp
5Y−4.60 pp
3Y−0.03 pp
1Y+3.01 pp
TTM+3.06 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,680 Cr
Mar 2018₹1,889 Cr
Mar 2019₹2,066 Cr
Mar 2020₹2,121 Cr
Mar 2021₹2,437 Cr
Mar 2022₹2,866 Cr
Mar 2023₹2,873 Cr
Mar 2024₹2,982 Cr
Mar 2025₹3,439 Cr
Mar 2026₹3,821 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹126 Cr
Mar 2018₹134 Cr
Mar 2019₹134 Cr
Mar 2020₹194 Cr
Mar 2021₹240 Cr
Mar 2022₹219 Cr
Mar 2023₹201 Cr
Mar 2024₹184 Cr
Mar 2025₹90.00 Cr
Mar 2026₹161 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹397 Cr −11.4% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk high

Sheela Foam Ltd trades at a market cap of ~₹8,461 Cr with a PE of 52.8x and a 3-year ROE averaging just 4%, reflecting a premium valuation on still-recovering profitability. Consolidated revenue grew 15% YoY in FY25 to ₹3,439 Cr, and TTM profit surged 336% off a low base, but 5-year compounded profit growth remains negative at -8%.

Bull Case 8
  • Market leader in organized mattresses with ~30% combined share (Sleepwell ~18% + Kurlon ~11%), giving pricing power and distribution dominance with over 5,000 exclusive outlets
  • Consolidated revenue grew 15% YoY in FY25 to ₹3,439 Cr, with compounded sales CAGR of 10% over 3 years indicating consistent top-line expansion
  • TTM profit growth of 336% YoY signals a strong recovery from trough earnings, with Q4FY26 EBITDA surging 336% YoY and PAT rising 589% YoY
  • Gross margins improved to 42.5-44.9% in FY25 from ~40% levels in FY24, reflecting better product mix and easing raw material costs
  • Kurlon integration 75-80% complete by Dec 2024, targeting ₹1,000 Cr annual run rate from Kurlon alone and EBITDA margin target of 14-15% by 2027
  • Company has reduced debt, strengthening balance sheet flexibility for brand investments and distribution expansion
  • International operations showing recovery — Australia (Joyce) EBITDA margins at 53.6% vs 48.4% prior, Spain (Interplasp) gross margin at 33.6% vs 32%
  • India mattress market shift from unorganized (~65%) to organized segment provides a long structural growth runway for the market leader
Bear Case 8
  • PE of 52.8x is elevated for a company with 5-year compounded profit CAGR of -8% and 3-year profit CAGR of -7%, implying valuation prices in significant future improvement
  • 3-year average ROE of just 4% (last year 5%) is very low for a consumer discretionary company, indicating poor capital efficiency
  • Promoter holding decreased by 7.56% over last 3 years (currently ~65.4%), signaling potential dilution or promoter exit
  • Dividend payout at only 2.28% of profits over 3 years with a yield of 0.13%, offering negligible income return to shareholders
  • 5-year sales CAGR of only 9% is modest for a company at this valuation multiple, and stock CAGR is -8% over 5 years and -14% over 3 years
  • EBITDA margins remain compressed at 8-10% levels in FY25, well below the 14-15% long-term target, with margin recovery repeatedly missing estimates
  • PB ratio of 2.61x against low single-digit ROE implies the market is paying a premium for assets that are currently generating subpar returns
  • Integration risks remain with Kurlon acquisition — Q4FY25 and Q1FY26 results missed estimates on revenue, EBITDA, and PAT due to seasonal weakness and margin pressures

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

94d ago

TL;DR: Sheela Foam is delivering steady top-line growth with FY26 revenue rising 11% to ₹3,821 crore and net profit improving to ₹161 crore on volume growth and margin expansion. No specific headwinds are visible in recent news. The upcoming Q1FY27 earnings call on Aug 5 will be key to confirming whether the growth momentum is sustaining into the new fiscal year.

Positives 1
  • FY26 revenue up 11% Jul 13

    Sheela Foam reported consolidated revenue of ₹3,821 crore for FY26, an 11% increase YoY. Net profit rose to ₹161 crore, supported by volume growth and margin expansion.

Neutral 1
  • Q1FY27 earnings call scheduled Aug 2

    Sheela Foam is hosting an investor and analyst conference call on August 5, 2026, to discuss Q1FY27 financial results, featuring key executives with global dial-in access.

Quarterly Results

₹ Cr
SFL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
645
613
879
845
810
813
967
850
821
875
1,074
1,050
1,032
1,045
Expenses
567
547
803
765
750
742
879
823
746
788
960
933
923
962
Operating Profit
78
66
76
81
60
70
88
27
75
87
114
117
109
83
OPM %
12%
11%
9%
10%
7%
9%
9%
3.1%
9%
10%
11%
11%
11%
8%
Other Income
13
24
32
70
61
32
7.48
61
10
3
16
34
22
—
Interest
8
9
25
27
28
28
29
35
29
28
17
21
18
17
Depreciation
23
22
30
41
40
48
45
50
46
50
47
36
34
34
PBT
60
60
53
83
53
26
22
2
10
12
66
94
80
—
Tax %
28%
26%
27%
17%
12%
23%
25%
−496%
50%
38%
25%
18%
26%
—
Net Profit
43
44
31
65
47
20
17
13
7
10
53
92
62
46
EPS (₹)
4.41
4.04
2.83
5.94
4.23
1.83
1.54
1.2
0.6
0.89
4.8
8.36
5.63
—

Sep 2026: from the results filed on 2 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
SFL profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,359
1,550
1,680
1,889
2,066
2,121
2,437
2,866
2,873
2,982
3,439
3,821
4,031
Expenses
1,268
1,374
1,484
1,672
1,855
1,821
2,073
2,550
2,575
2,678
3,187
3,426
3,604
Operating Profit
91
176
196
217
211
300
364
315
298
304
252
395
427
OPM %
7%
11%
12%
11%
10%
14%
15%
11%
10%
10%
7%
10%
11%
Other Income
11
16
23
21
28
28
50
79
86
136
154
60
75
Interest
16
12
11
9
10
13
18
17
21
69
121
95
84
Depreciation
28
29
30
35
40
59
73
81
90
116
183
179
166
PBT
58
152
178
193
189
256
324
296
273
256
103
182
252
Tax %
26%
31%
29%
31%
29%
24%
26%
26%
26%
24%
14%
23%
—
Net Profit
43
105
126
134
134
194
240
219
201
184
90
161
217
EPS (₹)
4.38
10.74
12.86
13.7
13.7
19.82
24.36
22.27
20.39
16.78
8.22
14.62
19.68
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
7%
—

Balance Sheet

₹ Cr
SFL balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
16
16
24
24
24
24
24
24
49
54
55
55
Reserves
229
322
439
573
706
895
1,160
1,368
1,549
2,866
2,962
3,197
Borrowings
146
115
59
48
31
310
334
466
571
1,493
1,462
908
Other Liabilities
289
335
395
398
401
414
551
496
533
909
881
949
Total Liabilities
679
788
918
1,043
1,162
1,644
2,069
2,355
2,702
5,322
5,360
5,109
Fixed Assets
286
288
318
348
412
851
894
883
865
3,129
3,080
3,198
CWIP
8
10
36
52
1
18
33
120
287
166
131
32
Investments
0
10
0
98
318
231
411
618
768
878
873
588
Other Assets
385
481
564
544
432
544
732
734
781
1,150
1,276
1,291
Total Assets
679
788
918
1,043
1,162
1,644
2,069
2,355
2,702
5,322
5,360
5,109

Cash Flow

₹ Cr
SFL cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
147
159
122
134
138
157
254
197
218
406
247
409
Investing
−49
−34
2
−80
−246
−287
−208
−306
−272
−2,258
−24
298
Financing
−59
−25
−67
−20
−27
157
−32
93
56
1,854
−226
−716
Net Cash Flow
40
100
57
34
−135
27
13
−17
1
2
−3
−8
Free Cash Flow
93
108
34
52
86
−245
191
54
2
−1,870
146
368
CFO/EBITDA
171
111
101
87
93
66
92
92
100
162
100
111

Ratios

SFL financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
31
28
30
28
27
37
45
34
36
45
37
42
Inventory Days
52
49
59
60
60
81
87
64
71
73
66
69
Days Payable
57
52
64
51
46
55
91
58
55
83
66
80
Cash Conversion Cycle
26
24
25
37
41
63
41
40
51
34
37
31
Working Capital Days
−18
−28
−9
2
10
19
14
14
0
−39
−63
−51
ROCE %
19%
38%
39%
35%
28%
26%
23%
18%
14%
8%
4%
6%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Sheela Foam insights

65 extracted metrics across FY06–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 65.39%
  • DIIs 17.74%
  • Public 9.53%
  • FIIs 3.85%
  • Others 3.49%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Sheela Foam

What does Sheela Foam Ltd do?
Sheela Foam Limited is a leading player in India’s mattress and foam products industry and a leader in Polyurethane (PU) Foam. It has a nationwide presence in manufacturing PU Foam with a track record, since 1971.
Where is Sheela Foam Ltd (SFL) listed?
Sheela Foam Ltd trades as SFL on the NSE and under code 540203 on the BSE.
Which sector does Sheela Foam Ltd belong to?
Sheela Foam Ltd is classified under the Consumer Goods sector, in the Home Furnishing industry.
What is the PE ratio of Sheela Foam Ltd?
Sheela Foam Ltd trades at a PE ratio of 25.81 as of 4 Nov 2026, on earnings per share of ₹19.68, against a book value of ₹307.2 per share.
What is the 52-week high and low of Sheela Foam Ltd?
Over the last 52 weeks Sheela Foam Ltd has traded between ₹456.8 and ₹832.45 as of 4 Nov 2026.
Does Sheela Foam Ltd pay dividends?
Sheela Foam Ltd has a dividend yield of 0.20%.
What is the Return on Equity (ROE) of Sheela Foam Ltd?
Sheela Foam Ltd reported a return on equity of 4.80%. Its debt-to-equity ratio is 0.28.

Company Information

Sheela Foam Limited is a leading player in India’s mattress and foam products industry and a leader in Polyurethane (PU) Foam. It has a nationwide presence in manufacturing PU Foam with a track record, since 1971.

Website sheelafoam.com
CEO Mr. Rahul Gautam
Employees 2,622
Listed 9 Dec 2016
Face Value ₹5

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