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Sheela Foam shines on getting nod to acquire House of Kieraya Sheela Foam is currently trading at Rs. 1279.05, up by 90.95 points or 7.66% from its previous closing of Rs. 1188.10 on the BSE. The scrip opened at Rs. 1300.10 and has touched a high and low of Rs. 1363.55 and Rs. 1262.95 respectively. So far 124225 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1710.00 on 05-Sep-2022 and a 52 week low of Rs. 905.50 on 29-Mar-2023. Last one week high and low of the scrip stoo...
Sheela Foam shines on getting nod to acquire House of Kieraya
Sheela Foam shines on getting nod to acquire House of Kieraya
Source: Accord Fintech
18/07/2023 12:07:35 PM
India`s Sheela Foam to acquire rival Kurlon in $396 million deal - Moneycontrol India's Sheela Foam will acquire rival Kurlon Enterprise for a cash consideration of 32.50 billion rupees ($396.37 million), Moneycontrol reported on Wednesday, citing a person familiar with the matter.
India`s Sheela Foam to acquire rival Kurlon in $396 million deal - Moneycontrol
India`s Sheela Foam to acquire rival Kurlon in $396 million deal - Moneycontrol
Source: Reuters
28/06/2023 10:50:04 AM
India's Sheela Foam in talks to buy Furlenco - Mint  Indian mattress maker Sheela Foam is in advanced talks to buy furniture rental startup Furlenco, newspaper Mint reported late on Wednesday, citing three people with knowledge of the matter. The enterprise value of Furlenco is being pegged at 5 billion rupees ($60.54 million), the report said, citing a source, who added the company had been seeking financial investors for some time. Discussions are at an advanced stage, and an announcement is likely to come soon "if all condit...
India's Sheela Foam in talks to buy Furlenco - Mint
India's Sheela Foam in talks to buy Furlenco - Mint
Source: Reuters
9/02/2023 10:16:37 AM
India`s Sheela Foam to buy rival mattress maker Kurlon for $241 million Indian mattress maker Sheela Foam Ltd will soon acquire competitor Kurlon for 20 billion rupees ($241.29 million), ET Now reported on Wednesday, citing sources.
India`s Sheela Foam to buy rival mattress maker Kurlon for $241 million
India`s Sheela Foam to buy rival mattress maker Kurlon for $241 million
Source: Reuters
28/12/2022 2:26:23 PM
Buy Sheela Foam Ltd For Target Rs.3410 - ICICI Direct Weak demand hurts topline growth… About the stock: Sheela Foam (SFL) is the market leader in domestic mattresses industry with a value market share of ~25% in organised segment. The company’s “Sleepwell” is one of the leading brands in the domestic mattresses industry. Apart from India (contributes ~70% to topline), SFL also manufactures Polyutherene (PU)/technical foams in Australia and Spain with revenue contributions of 15% each. * Revenue, earnings grew at C...
Buy Sheela Foam Ltd For Target Rs.3410 - ICICI Direct
Buy Sheela Foam Ltd For Target Rs.3410 - ICICI Direct
Source: ICICI Direct Ltd
12/12/2022 10:51:30 AM
Buy Sheela Foam Ltd For Target Rs.3,400 - ICICI Securities Weak quarter with GM recovery the only positive 2QFY23: Revenue print further weakened, down 8% YoY. India braded business’ 16% YoY revenue decline (volumes down 18% YoY) was quite weak with it highlighting a softer demand environment (surprising to us given urban discretionary as a basket continues to perform well in general). There was good improvement in gross margin print (+470-480bps YoY/QoQ) with RM softening. While some uptick from auto segment is expected, the furniture segme...
Buy Sheela Foam Ltd For Target Rs.3,400 - ICICI Securities
Buy Sheela Foam Ltd For Target Rs.3,400 - ICICI Securities
Source: ICICI Securities Ltd
19/11/2022 10:36:22 AM
Buy Sheela Foam Ltd For Target Rs.3650 - ICICI Direct Undisputed leader in Indian mattresses industry About the stock: Sheela Foam (SFL) is the market leader in the domestic mattresses industry with a value market share of ~25% in the organised segment. The company’s “Sleepwell” is one of the leading brands in the domestic mattresses industry. It has a pan-India presence through ~6000 MBOs and ~5500 EBOs, respectively. Apart from India (contributes ~70% to the topline), the company also manufactures Polyutherene (PU)/technic...
Buy Sheela Foam Ltd For Target Rs.3650 - ICICI Direct
Buy Sheela Foam Ltd For Target Rs.3650 - ICICI Direct
Source: ICICI Direct Ltd
21/09/2022 2:43:29 PM
Hold Sheela Foam Ltd For Target Rs.3,900- ICICI Securities Another weak print (and underlying) 4QFY22: A disappointing revenue performance (+4% YoY) was further exacerbated by continued weak gross margin print of 37.4% (lower by ~12 ppts from pre-Covid levels). India branded volumes declined 6% YoY but were up 4% on a three-year CAGR basis. While raw material inflation does not appear to be an incremental worry, the disappointment in EBITDA margin was led by higher opex. Growth in B2B business was relatively better. Australia business reported an ...
Hold Sheela Foam Ltd For Target Rs.3,900- ICICI Securities
Hold Sheela Foam Ltd For Target Rs.3,900- ICICI Securities
Source: ICICI Securities Ltd
14/05/2022 11:10:06 AM
Buy Sheela Foam Ltd For Target Rs.2,900 - ICICI Securities Classic case to apply "lifecycle value of customer" approach A good revenue performance (+29% YoY, 2-year CAGR 26%) was (somewhat) dampened by 24-68% YoY inflation in key RMs (TDI, Polyol); GM contracted significantly to 39.9%, however it was up 440bps QoQ due to some softening of raw material prices and price hikes. The template of new consumer recruitment continues - something which we like - manifested by higher growth in lower-end products (our view). Growth in B2B business w...
Buy Sheela Foam Ltd For Target Rs.2,900 - ICICI Securities
Buy Sheela Foam Ltd For Target Rs.2,900 - ICICI Securities
Source: ICICI Securities Ltd
6/12/2021 10:27:04 AM
Buy Sheela Foam Ltd For Target Rs.2,500 - ICICI Securities The template is intact - revenues up, margins down (and that's good) A good revenue performance (+9% LFL 2-year CAGR) was (somewhat) dampened by 51-78% yoy inflation in key RMs (TDI, Polyol); GM contracted to lowest-ever level of 37.4%. The template of new consumer recruitment continues - something which we like - manifested by higher growth in lower-end products (our view). Growth in foam cores and technical foam was impressive at 17-19% (2-year CAGR). As expected, Australia recovered...
Buy Sheela Foam Ltd For Target Rs.2,500 - ICICI Securities
Buy Sheela Foam Ltd For Target Rs.2,500 - ICICI Securities
Source: ICICI Securities Ltd
2/07/2021 10:57:24 AM
Sheela Foam Q4 net profit zooms 108.36% at Rs 54.36 cr The company reported standalone net profit of Rs 54.36 crore for the quarter ended March 31, 2021 as compared to Rs 26.09 crore in the same period last year, registering a year-on-year growth of 108.36 per cent. Net revenue of the company rose substantially by 36.84 per cent at Rs 533.99 crore in January-March quarter of this fiscal as against Rs 390.22 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 33.13 per cent to Rs 463.81 cro...
Sheela Foam Q4 net profit zooms 108.36% at Rs 54.36 cr
Sheela Foam Q4 net profit zooms 108.36% at Rs 54.36 cr
Source: Dion Global Solutions Ltd
31/05/2021 9:42:48 AM
Sheela Foam Ltd : Robust recovery; long-term growth tailwind intact - ICICI Securities Buy Sheela Foam Ltd For Target Rs. 2,500 SFL’s 3Q revenue grew 26%, a significant beat. We like (1) continued growth in branded mattress (+18%) and recovery in foam cores (+23%) and technical foam (+33%) in India, and (2) acceleration in growth in Australia and Spain subsidiaries (+35% and +100% respectively) – the best since IPO. Long-term growth opportunities are DCF-accretive and importantly embellish the narrative as well – (a) benefit from China+ strategy of buyers i...
Sheela Foam Ltd : Robust recovery; long-term growth tailwind intact - ICICI Securities
Sheela Foam Ltd : Robust recovery; long-term growth tailwind intact - ICICI Securities
Source: ICICI Securities
25/02/2021 10:15:34 AM
Update On Sheela Foam Ltd By Yes Securities Strong demand tailwinds across geographies; RM headwinds also managed well * View – Sheela Foam posted a very strong set of results with industry tailwinds driving demand across geographies and the company demonstrating strong cost controls to offset the impact of a sharp rise in input costs. While demand is expected to sustain going forward with new B2B opportunities also opening up, the correction in input prices is expected to provide a further fillip to margins going ahead. Limi...
Update On Sheela Foam Ltd By Yes Securities
Update On Sheela Foam Ltd By Yes Securities
Source: Yes Securities Ltd
5/02/2021 11:47:27 AM