Sheela Foam Ltd., incorporated in the year 1971, is a Mid Cap company (having a market cap of Rs 13895.54 Crore) operating in Consumer Durables sector.
Sheela Foam Ltd. key Products/Revenue Segments include PU Foam Sheets/Mattresses/Rolls/Bolster/Pillows etc., Sale of services, Scrap, Other Operating Revenue and Job Work for the year ending 31-Mar-2022.
Financials
Investment Rationale
The positive stance on Sheela Foam is based on the long-term opportunities which also embellish the narrative – (a) benefit from China+ strategy of buyers in the US, Europe, (b) opportunity in furniture cushioning and manufacturing (under SleepX brand), (c) sustained acceleration in India business growth (competitive edge through 5,000+ EBO network), (d) consumers realizing importance of good quality mattress and (e) focus on growing e-commerce channel.
Promoter/FII Holdings
Promoters held 72.95 per cent stake in the company as of 30-Jun-2022, while FIIs owned 3.11 per cent, DIIs 22.84 per cent.
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