Sheela Foam Limited (SFL)

Loading page…

Sheela Foam Limited (SFL) · mywealthgrid

About

Sheela Foam Limited manufactures furniture and home furnishings in the consumer discretionary sector. Market cap ₹7,643 Cr, consolidated quarterly revenue ₹1,050+ Cr, showing profitability across recent quarters.

Face value: ₹5

Market cap

₹6,734 Cr

P/E

31.4×

P/B

2.1×

Dividend yield

0.2%

ROE

5.1%

ROCE

7.1%

Debt / equity

0.28

OPM

10.3%

EPS (TTM)

₹19.6

Book value

₹297.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

PE 35.63 elevated relative to market; verify earnings growth trajectory justifies this multiple
ROE 5.08% significantly lags OPM 10.3%, pointing to working-capital drag or asset underutilization
Net profit volatility from ₹5.65 Cr (Sep 2025) to ₹91.77 Cr (Mar 2026); verify source—seasonality or operational inconsistency
Consumer discretionary cyclical; verify cost flexibility and liquidity buffer for demand downturns

Generated analysis · source review pending

Growth drivers

OPM expanded from 8.99% to 11.11% across recent quarters, demonstrating cost discipline or operational improvement
Consolidated revenue ₹1,050+ Cr achieved in recent periods; verify if reflects organized market-share gains or sector growth
Dividend payment (Jul 2026) and bonus distribution (Dec 2022) signal cash generation; verify retained earnings deployment strategy
Margin recovery from Sep 2025 lows (9.39% to 10–11% range); verify if structural improvement or seasonal bounce

Generated analysis · source review pending

2,421 historical price candles were omitted because the exchange source has not been verified.

₹616.7-2.4%1Y

Quick read

rule-based

Pros

+High promoter holding of 65.4% with no pledge

Cons

−Low return on equity of 5.5% (3-yr avg)
−Profit declined 7.8% a year over the last 5 years
−Modest revenue growth of 9.4% a year over the last 5 years
−Low dividend payout of 5.1% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

47/100

Business quality: 25
Growth: 60
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,174	2,435	2,982	2,873	2,982	3,439	3,821
COGS	1,105	1,379	1,842	1,787	1,750	2,006	2,149
Gross profit	1,069	1,056	1,140	1,086	1,232	1,434	1,672
	769	694	825	789	942	1,182	1,257
	300	362	315	297	290	251	415
OPM %	13.8%	14.9%	10.6%	10.4%	9.7%	7.3%	10.9%
Depreciation	59	73	81	90	116	183	179
Interest	13	18	17	21	69	121	95
	28	52	79	87	140	162	62
Profit before tax	256	324	296	273	245	109	203
Tax	62	84	78	70	61	13	42
Tax %	24.2%	25.8%	26.2%	25.6%	25%	11.7%	20.9%
	194	240	219	203	184	97	161
PAT margin %	8.9%	9.9%	7.3%	7.1%	6.2%	2.8%	4.2%
EPS (₹)	39.8	49.2	44.8	20.8	17.7	8.8	14.6
EPS adjusted (₹)	19.8	24.6	22.4	20.6	16.8	8.8	14.6
	0%	0%	0%	0%	0%	0%	6.8%
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	16	24	24	24	24	24	24	49	54	54	55
Reserves	338	439	597	706	895	1,160	1,368	1,552	2,866	2,981	3,197
Minority interest	—	—	—	—	—	9	8	8	61	60	8
	113	48	36	28	193	206	338	468	1,281	1,462	908
	320	407	385	403	531	671	625	635	1,078	909	949
Total equity & liabilities	788	918	1,043	1,162	1,644	2,069	2,363	2,711	5,340	5,467	5,117
	7	317	347	348	675	693	688	812	3,078	3,106	3,151
CWIP	10	36	52	1	18	33	120	287	161	131	27
Investments	10	0	98	318	231	107	618	822	928	921	635
	761	565	545	496	719	1,237	938	790	1,172	1,309	1,304
Total assets	788	918	1,043	1,162	1,644	2,069	2,363	2,711	5,340	5,467	5,117

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	49.2%	43.4%	38.2%	37.8%	41.3%	41.7%	43.7%
EBITDA margin %	13.8%	14.9%	10.6%	10.4%	10.1%	7.3%	10.3%
EBIT margin %	11.1%	11.9%	7.9%	7.2%	6.2%	2%	5.6%
PAT margin %	8.9%	9.9%	7.3%	7.1%	6.2%	2.8%	4.2%
Working capital
Receivable days	36	45	33	36	45	37	42
Inventory days	75	83	62	68	71	64	67
Payable days	—	3	57	53	81	66	78
NWC days	—	126	39	51	34	35	31
Leverage
Current ratio	—	1.46	1.43	2.1	0.77	0.93	0.83
Debt to EBITDA	0.64	0.57	1.07	1.57	4.26	5.85	2.31
Debt to equity	0.21	0.17	0.24	0.29	0.44	0.48	0.28
Interest coverage	21.6	19.3	18.5	14	4.4	1.6	2.8
Asset turnover	1.32	1.18	1.26	1.06	0.56	0.63	0.75
Return ratios
Return on assets %	11.8%	11.6%	9.3%	7.5%	3.4%	1.8%	3.1%
Return on capital employed %	—	22.8%	18.9%	15.3%	9.7%	4.8%	7.1%
Return on equity %	21.1%	20.3%	15.7%	12.7%	6.3%	3.2%	4.9%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	65.48%	65.48%	65.48%	65.48%	65.48%	65.7%	65.69%	65.69%	65.69%	65.69%	65.69%	65.39%
	6.04%	6.12%	6.32%	6.4%	6.59%	6.55%	6.23%	4.63%	4.07%	4.18%	4.15%	4.17%
	25.08%	24.99%	24.53%	23.4%	22.3%	21.04%	21.17%	21.13%	21.11%	20.39%	20.56%	18.52%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	3.4%	3.41%	3.67%	4.72%	5.63%	6.71%	6.91%	8.55%	9.13%	9.74%	9.6%	11.92%
No. of shareholders	—	—	—	—	—	—	—	—	70,544	72,359	66,611	68,569

Promoter holding down 0.09 percentage points since Sep 2023.

18 deals · 19 Sept 2022 – 13 Oct 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
13 Oct 2025	SBI MUTUAL FUND	Bulk	NSE	Buy	32,49,991	₹678.25	₹220.43 Cr
13 Oct 2025	SBI MUTUAL FUND	Bulk	NSE	Sell	32,49,946	₹678.25	₹220.43 Cr
3 Oct 2023	WINRO COMMERCIAL INDIA LIMITED	Block	NSE	Sell	8,34,644	₹1,114.00	₹92.98 Cr
3 Oct 2023	BLUE DAIMOND PROPERTIES PRIVATE LIMITED	Block	NSE	Buy	8,34,644	₹1,114.00	₹92.98 Cr
3 Oct 2023	WINRO COMMERCIAL INDIA LIMITED	Bulk	NSE	Sell	8,34,644	₹1,114.00	₹92.98 Cr
3 Oct 2023	BLUE DAIMOND PROPERTIES PRIVATE LIMITED	Bulk	NSE	Buy	8,34,644	₹1,114.00	₹92.98 Cr
11 Oct 2022	ISHARES CORE EMERGING MARKETS MAURITIUS CO	Block	BSE	Sell	70,692	₹2,631.85	₹18.61 Cr
11 Oct 2022	ISHARES CORE MSCI EMERGING MARKETS ETF	Block	BSE	Buy	70,692	₹2,631.85	₹18.61 Cr
11 Oct 2022	ISHARES INDIA SC MAURITIUS COMPANY	Block	BSE	Sell	10,047	₹2,631.85	₹2.64 Cr
11 Oct 2022	ISHARES MSCI INDIA SMALL-CAP ETF	Block	BSE	Buy	10,047	₹2,631.85	₹2.64 Cr

1–10 of 18

1 / 2

Mr. RAHUL GAUTAMExecutive Director-Chairperson-MD
Ms. NAMITA GAUTAMExecutive Director
Mr. Nilesh Sevabrata MazumdarChief Executive Officer
Mr. RAKESH CHAHARExecutive Director
Mr. TUSHAAR GAUTAMExecutive Director-MD
Ms. MEENA JAGTIANINon-Executive - Independent Director
Mr. Neeraj JainNon-Executive - Independent Director
Ms. Hiroo MirchandaniNon-Executive - Independent Director
Mr. Rajiv SrivastavaNon-Executive - Independent Director
Mr. Sudhir Ganpathy ShenoyNon-Executive - Independent Director
Mr. Nilesh MazumdarChief Executive Officer

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 6 fund houses

Held by these funds

14.54%

of the company's equity

All mutual funds

15.83%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

11 schemes · 6 fund houses

		Shares
ELSS Tax Saver Fund	SBI Mutual Fund	41.31 L	265.12	0.84%	3.783%	-0
Multi Cap FundNEW	Nippon India Mutual Fund	32.4 L	207.9	0.37%	2.967%	—
Smallcap Fund	SBI Mutual Fund	31.4 L	201.51	0.47%	2.875%	-0
Portfolio of Kotak Small Cap Fund	Kotak Mahindra Mutual Fund	16.66 L	106.89	0.54%	1.525%	-0
Small Cap Fund	DSP Mutual Fund	15.45 L	99.16	0.46%	1.415%	-0
Large and Midcap Fund	SBI Mutual Fund	14.4 L	92.44	0.22%	1.319%	-0
Conservative Hybrid Fund	SBI Mutual Fund	3.18 L	20.43	0.2%	0.292%	-0
Consumption Opportunities Fund	SBI Mutual Fund	3 L	19.25	0.68%	0.275%	-0

1–8 of 11

1 / 2

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

1

Final dividend9 Jul 2026 · ex-date₹1

1

Board meeting to consider results4 Aug 2026

1

Bonus 1:121 Dec 2022 · ex-date

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

19 announcementsExport CSV

1 Oct 2026, 3:40 pmCompany Update

Announcement under Regulation 30 (LODR)-Updates on Acquisition

Acquisition PDF

28 Sept 2026, 1:10 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

22 Sept 2026, 5:32 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

19 Sept 2026, 11:25 pmAGM/EGM

Sheela Foam Ltd - 540203 - Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

Postal Ballot PDF

11 Sept 2026, 4:39 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

8 Sept 2026, 7:05 pmCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

1 Sept 2026, 5:52 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

21 Aug 2026, 4:25 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Date	Category	Subject	Filing
1 Oct 2026, 3:40 pm	Company Update Acquisition	Announcement under Regulation 30 (LODR)-Updates on Acquisition	PDF
28 Sept 2026, 1:10 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window

Loading announcements…

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	49.2%	43.4%	38.2%	37.8%	41.3%	41.7%	43.7%
EBITDA margin %	13.8%	14.9%	10.6%	10.4%	10.1%	7.3%	10.3%
EBIT margin %	11.1%	11.9%	7.9%	7.2%	6.2%	2%	5.6%
PAT margin %	8.9%	9.9%	7.3%	7.1%	6.2%	2.8%	4.2%
Working capital
Receivable days	36	45	33	36	45	37	42
Inventory days	75	83	62	68	71	64	67
Payable days	—	3	57	53	81	66	78
NWC days	—	126	39	51	34	35	31
Leverage
Current ratio	—	1.46	1.43	2.1	0.77	0.93	0.83
Debt to EBITDA	0.64	0.57	1.07	1.57	4.26	5.85	2.31
Debt to equity	0.21	0.17	0.24	0.29	0.44	0.48	0.28
Interest coverage	21.6	19.3	18.5	14	4.4	1.6	2.8
Asset turnover	1.32	1.18	1.26	1.06	0.56	0.63	0.75
Return ratios
Return on assets %	11.8%	11.6%	9.3%	7.5%	3.4%	1.8%	3.1%
Return on capital employed %	—	22.8%	18.9%	15.3%	9.7%	4.8%	7.1%
Return on equity %	21.1%	20.3%	15.7%	12.7%	6.3%	3.2%	4.9%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Sheela Foam LimitedSFLSFL	₹6,734 Cr	₹7,642 Cr	₹4,031 Cr	₹427 Cr	10.3%	₹215 Cr	4.2%	7.1%	5.1%	31
Wakefit Innovations LimitedWAKEFITWAKEFIT	₹4,634 Cr	₹4,634 Cr	₹1,489 Cr	₹182 Cr	12.2%	₹189 Cr	12.7%	9.2%	16.7%	2
Responsive Industries LimitedRESPONINDRESPONIND	₹4,335 Cr	₹4,527 Cr	₹1,248 Cr	₹193 Cr	17.3%	₹101 Cr	10.7%	11.4%	10.2%	249
Euro Pratik Sales LimitedEUROPRATIKEUROPRATIK	₹1,946 Cr	₹1,958 Cr	₹374 Cr	₹118 Cr	33.8%	₹86 Cr	23%	39.4%	28.3%	320
Stanley Lifestyles LimitedSTANLEYSTANLEY	₹778 Cr	₹779 Cr	₹410 Cr	₹70 Cr	18%	₹5 Cr	3.1%	6.6%	2.6%	190
Hardwyn India LimitedHARDWYNHARDWYN	₹449 Cr	₹454 Cr	₹192 Cr	₹20 Cr	10.6%	₹12 Cr	6.6%	4.9%	3.3%	115
Sham Foam LtdSHAMFOAMSHAMFOAM	₹92 Cr	—	—	—	—	—	—	—	—	—
Tirupati Foam LtdTIRUFOAMTIRUFOAM	₹31 Cr	₹65 Cr	₹74 Cr	₹8 Cr	7.8%	₹1 Cr	2%	13.7%	5.8%	159
Milestone Furniture LtdMILEFURMILEFUR	₹24 Cr	₹24 Cr	₹0 Cr	₹-0 Cr	—	₹-0 Cr	—	-1.9%	-1.9%	—
Shashwat Furnishing Solutions LtdSFSLSFSL	₹13 Cr	₹14 Cr	₹24 Cr	₹-0 Cr	-0.3%	₹-1 Cr	-3%	-3.6%	-20.1%	—
Golden Carpets LtdGOLCAGOLCA	₹7 Cr	₹11 Cr	₹1 Cr	₹0 Cr	-12.6%	₹0 Cr	-16.8%	-5.6%	—	3,694
Magenta Lifecare LtdMAGENTAMAGENTA	₹5 Cr	—	₹14 Cr	₹0 Cr	2.3%	₹0 Cr	0.8%	—	—	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	159	122	134	138	157	260	197	212	57	252	409
	-34	2	-80	-246	-287	215	-306	-268	-1,909	-29	296
	-25	-67	-20	-27	157	-32	93	56	1,854	-226	-716
Net cash flow	100	57	34	-135	27	443	-17	-0	2	-3	-10
Free cash flow	—	—	—	—	—	196	34	0	-649	133	278
CFO / Operating profit %	—	—	—	—	52.4%	71.8%	62.6%	71.3%	18.8%	101%	104.1%

Sheela Foam Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

1

1

1

Announcements

1

1

1

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Sheela Foam Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Dividends1

Board meetings1

Bonus issues1

Announcements

Ratio timeline

Dividends1

Board meetings1

Bonus issues1

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1

1

1

1

1