Sheela Foam Ltd

Sheela Foam Ltd

Next 500 2024
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OVERVIEW
FINANCIALS

About

Sheela Foam is one of the country’s leading manufacturers of polyurethane foam, a synthetic substance used as a cushioning material in mattresses and cushioning. The company operates in two segments- consumer brands and trade brands. The mattress brand Sleepwell and the home furniture solutions company Furlenco come under the consumer segment with Kurlon most recently being acquired in 2021. Under trade, the company manufactures commercial, standard, deluxe and pure grade foam under brands such as Mystic, Splash and FlexiTuf. Sheela Foam’s most-known brands are Sleepwell, Feather Foam and Laxiflex. The company has a wholly owned subsidiary in Australia called Joyce Foam.

Incorporation Year: 1971
Headquarters: Noida, Uttar Pradesh
Top Management: Rahul Gautam
Industry: Home interiors

Featured In Fortune India Ranking

Fortune 500 India
#471(2022)
#436(2021)
#465(2020)
#494(2019)
#471(2022)#436(2021)#465(2020)#494(2019)
Ranking Trend Fortune 500 India
Next 500 India
#71(2024)#7(2019)#5(2018)#44(2017)
#71(2024)#7(2019)#5(2018)#44(2017)
Ranking Trend Fortune Next 500 India

Financial Data 2024

Revenue
3,063
(INR Cr)
Net Operating Income
2,982
(INR Cr)
Assets
4,567
(INR Cr)
Profit
182
(INR Cr)
Net Worth
2,920
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS20242023202220212020201920182017201620152014201320122011
Revenue
(INR Cr)
3063
3.1%
2971
0.6%
2955
18.5%
2493
12.6%
2215
1.6%
2181
9.0%
2002
13.1%
1770
13.3%
1562
9.7%
1424
11.7%
1275
8.9%
1171
10.0%
1064
42.1%
749
-
Net Operating Income
(INR Cr)
2982
3.79%
2873
0.27%
2866
17.58%
2437
12.13%
2174
1.50%
2141
8.96%
1965
13.42%
1733
11.80%
1550
9.33%
1418
11.53%
1271
10.62%
1149
9.96%
1045
0.00%
744
0.00%
Profit
(INR Cr)
182
-8.3%
199
-8.5%
217
-8.6%
238
22.9%
193
44.6%
134
0.0%
134
6.5%
126
19.9%
105
145.4%
43
53.3%
28
-9.8%
31
298.6%
8
-71.0%
27
-
Assets
(INR Cr)
4567
106.0%
2217
14.5%
1937
22.3%
1584
20.1%
1319
57.3%
838
17.2%
715
24.6%
574
15.2%
498
16.4%
428
3.0%
416
1.6%
409
0.9%
406
39.5%
291
-
Net Worth
(INR Cr)
2920
82.7%
1598
14.8%
1393
17.6%
1184
28.8%
920
26.0%
730
22.2%
597
28.8%
464
37.0%
338
38.1%
245
24.7%
197
16.0%
170
23.1%
138
0.0%
176
0.0%
Employee Cost
(INR Cr)
349
23.2%
284
11.0%
255
10.3%
232
5.2%
220
24.3%
177
9.0%
163
6.2%
153
9.9%
139
8.5%
128
7.6%
119
15.7%
103
11.5%
93
-
0
-
Interest Cost
(INR Cr)
69211718131091112161923247
Cash & Bank Balance
(INR Cr)
49434158452015820921711777322125
Total Debt
(INR Cr)
1493571466334310314859115146188214248106

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS20242023202220212020201920182017201620152014201320122011
Profit As % Of Revenues 6.0%6.7%7.4%9.5%8.7%6.1%6.7%7.1%6.7%3.0%2.2%2.6%0.7%3.6%
Profit As % Of Assets 4.0%9.0%11.2%15.0%14.7%16.0%18.7%21.9%21.0%10.0%6.7%7.5%1.9%9.2%
Profit As % Of Networth 6.3%12.5%15.6%20.1%21.0%18.3%22.4%27.1%30.9%17.4%14.2%18.2%5.6%15.2%
Interest Cost to EBITDA % 22.8%7.1%5.4%4.9%4.5%4.6%4.0%5.6%6.6%17.8%22.6%28.3%43.7%13.4%
Debt to Equity Ratio 0.510.360.330.280.340.040.080.130.340.590.961.271.800.60
RONW 6.6%13.4%17.0%22.8%23.6%20.2%25.2%31.3%35.9%19.3%15.2%18.2%5.7%15.2%
ROCE 7.9%14.2%17.9%23.7%25.1%25.6%31.4%35.2%35.3%17.5%13.4%15.3%9.0%16.9%