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Sheela Foam Ltd (SFL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540203 NSE: SFL Household & Personal Products | Small Cap | Sheela Foam Share Price

₹732.75 -2.90 (-0.39%)

As on 24-Jun'26 16:59

Sheela Foam Ltd (SFL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540203 NSE: SFL Household & Personal Products | Small Cap | Sheela Foam Share Price

₹732.75 -2.90 (-0.39%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹8,002 Cr.
Current Price
₹732.8
52-Week Low / High
₹461 / 769
TTM EPS
₹12
TTM Sales
₹2,962 Cr.
Book Value per Share
₹265.3
P/E Ratio
61.28
In line with its 5-year historical median
Industry PE
46.4
Price to Book (P/B)
2.76
Lower than its 5-year historical median
Price to Sales (P/S)
2.70
Lower than its 5-year historical median
EV/EBITDA
24.86
Lower than its 5-year historical median
Dividend Yield
0.14%
Profitability Efficiency
Return on Equity (ROE)
4.61%
Underperforms industry median
Return on Capital Employed (ROCE)
6.74%
Underperforms industry median
Return on Assets (ROA)
3.02%
Operating Profit Margin
10.8%
Net Profit Margin
4.41%
Gross Profit Margin
7.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
10.73%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
65.84%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
40.85%
Asset Quality
Promoter Holding
65.69%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,843 Cr.
Equity
₹54.6 Cr.
Face Value
₹5
All Time Low / High
₹430.00 / 2027.00

Sheela Foam stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Sheela Foam Ltd a good quality company?
Sheela Foam Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Sheela Foam Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Sheela Foam Ltd vs industry peers?
Sheela Foam Ltd revenue CAGR is 8.08%, compared to the industry median CAGR of 2.59%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Sheela Foam Ltd?
Promoters hold 65.69% of the Sheela Foam Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Sheela Foam Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -8.63% based on the current price.

DeciZen - make an informed investing decision on Sheela Foam

Decision Maker
Standalone basis

1. Right Stock

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2. Right Price

3. Right Time

#Likely Future 5 Year CAGR.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sheela Foam Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 42.1%38.7%30.1%29.8%27.4%24.4%17.9%10.4%5.7%6.7%-
Value Creation
Index
2.11.91.21.21.00.80.3-0.2-0.6-0.5-

Growth Parameters

Sales 1,4291,6571,8141,7551,6942,0082,0391,8802,6752,9622,962
Sales YoY Gr.-16%9.5%-3.3%-3.5%18.6%1.5%-7.8%42.3%10.7%-
Adj EPS 11.112.712.516.317.119.41814.14.712.312
YoY Gr.-14.6%-2.1%30.6%4.9%13.8%-7.4%-21.5%-66.9%163.5%-
BVPS (₹) 43.25668.685.1103.9124139.6245.8253.5265.3265.3
Adj Net
Profit
10812412215916719017615451.1135131
Cash Flow from Ops. 102114120130178196147246232259-
Debt/CF from Ops. 0000000.93.93.91.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.4%11.8%13.3%10.7%
Adj EPS 1.2%-6.3%-11.9%163.5%
BVPS22.4%20.6%23.9%4.7%
Share Price - -8.2% -14.1% -3.7%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
29.625.72021.218.117.113.77.61.94.74.5
Op. Profit
Mgn %
11.411.510.112.81411.81111.27.110.810.1
Net Profit
Mgn %
7.67.56.79.19.89.48.68.21.94.54.4
Debt to
Equity
0000000.10.40.30.10
Working Cap
Days
526162751181231141119911052
Cash Conv.
Cycle
9162329271717202322-15

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,4291,6571,8141,7551,6942,0082,0391,8802,6752,962
Operating Expenses + 1,2671,4651,6321,5301,4571,7741,8301,6702,4962,665
Manufacturing Costs10911710513297109115108205189
Material Costs7769009878278951,2561,1991,0691,4881,615
Employee Cost 91101111141120132151166282323
Other Costs 291348429430344278365327521538
Operating Profit 162191182224237234208210179298
Operating Profit Margin (%) 11.3%11.5%10.0%12.8%14.0%11.6%10.2%11.2%6.7%10.0%
Other Income + 262532444770759712740
Exceptional Items 000-1200018318
Interest 7678978449771
Depreciation 2428313333324158130110
Profit Before Tax 157183176215243265234222111165
Tax 46575250626763541834
Profit After Tax 11112612416618119717116893131
PAT Margin (%) 7.8%7.6%6.8%9.4%10.7%9.8%8.4%9.0%3.5%4.4%
Adjusted EPS (₹)11.412.912.717.018.620.217.515.58.512.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%8.40%

Valuation of Sheela Foam - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 4215466698301,0131,2101,3622,6722,7682,897
Share Capital 24242424242449545555
Reserves 3975226458069891,1851,3132,6182,7132,843
Debt +40000013292750434
Long Term Debt400000997873950
Short Term Debt0000003313910934
Minority Interest0000000000
Trade Payables134113117114233194188161245327
Others Liabilities 216229237225416452358530997868
Total Liabilities 7758881,0231,1701,6631,8552,0404,2904,5134,127

Fixed Assets

Net Fixed Assets +2322522652752742533075012,2682,277
Gross Block2553033463874164245187562,7572,832
Accumulated Depreciation235080112143171211255490555
CWIP 3411711103805425
Investments 731954164436238399603,0681,082784
Inventories110130153165228203207150246280
Trade Receivables99102103126163136138189219283
Cash Equivalents 1961451229361513133112
Others Assets 626173114338408312289613466
Total Assets 7758881,0231,1701,6631,8552,0404,2904,5134,127

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 102114120130178196147246232259
PBT 15718317621524326523420580157
Adjustment 182118265-101835150189
Changes in Working Capital -6-41-18-60-1811-37793-65
Tax Paid -68-49-56-52-52-70-69-73-0-22
Cash Flow From Investing Activity + 4-71-240-103-163-210-187-2,160-46292
Capex -57-49-44-53-16-13-109-162-831
Net Investments 77-12-204110-158-198-127-3960311
Others -16-109-15911049-1,959-24-20
Cash Flow From Financing Activity + -50-9-8-9-9-6381,915-173-570
Net Proceeds from Shares 00000001,14200
Net Proceeds from Borrowing -2-3-1-00051-33-33-46
Interest Paid -7-6-7-8-8-4-10-14-27-23
Dividend Paid 0000000000
Others -41-0-0-1-0-2-3820-114-500
Net Cash Flow 5634-129186-21-2-013-19

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)30.3926.0320.3522.0819.6517.7513.318.343.414.61
ROCE (%)42.1138.7130.0729.7827.3524.4417.9210.395.696.74
Asset Turnover Ratio2.242.041.91.61.231.241.150.660.690.78
PAT to CFO Conversion(x)0.920.90.970.780.980.990.861.462.491.98
Working Capital Days
Receivable Days19.9021.6020.6023.8030.3025.1022.4028.5024.6027.20
Inventory Days21.1025.8028.5033.1041.1036.2033.5031.1023.9028.50
Payable Days52.6050.2042.5050.9070.8062.1058.1059.6041.7055

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.020.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Sheela Foam Ltd FAQs

The current trading price of Sheela Foam on 24-Jun-2026 16:59 is ₹732.8.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Jun-2026 the market cap of Sheela Foam stood at ₹8,001.9 Cr

The latest P/E ratio of Sheela Foam as of 23-Jun-2026 is 61.28.

The latest P/B ratio of Sheela Foam as of 23-Jun-2026 is 2.76.

The 52-week high of Sheela Foam is ₹768.9 and the 52-week low is ₹460.8.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sheela Foam is ₹2,962 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sheela Foam Ltd is a good quality company.

The key valuation ratios of Sheela Foam Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Sheela Foam Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Sheela Foam Ltd

Sheela Foam is a leading player in India’s mattress and foam products industry. Founded in 1971, the Company enjoys strong brand awareness and a nationwide presence in manufacturing of mattresses, home comfort products and technical grades of PU foam. The Company also enjoys a significant presence overseas, with its products being exported to over 20 countries worldwide.

The products of the Company and its various brands earn the credit of being highly durable and of unmatched quality. These products are the outcome of the ingenious R&D efforts of the Company. A highly skilled team of engineers and scientists constantly strive to create pioneering products by leveraging best-in-class technologies, while ensuring supreme quality.

Sleepwell, the flagship brand of the Company, delivers on its brand promise of producing premium and customized products. Over the years, the brand has earned a formidable reputation of developing delightful products in line with growing consumer aspirations. Other brands of the Company include Feather Foam and Starlite, which are low-priced mattresses for consumers. These brands have enabled the Company to augment its share in the organised mattress market.

Business area of the company

The company is a leading manufacturer of mattresses in India marketed under its flagship brand “Sleepwell”. In addition, it manufactures other foam-based home comfort products targeted primarily at Indian retail consumers, as well as technical grades of polyurethane foam (PU Foam) for end use in a wide range of industries.

Products

Mattresses: My Mattress, Spring range, Technology range, Comfort Cell range, Back support range, Flexi PUF range, Economy range Technical Products

Home Comfort Products: Furniture Cushions, Pillows, Comforters/Duvets, Sofa-cum-Beds

Technical Foam Products: Automotive foams, Reticulated foams, Ultra-Violet Stable foams, Sound Absorption foams

Awards

  • 2007: Won CIO100 award
  • 2008: Won CNBC Nasscom IT user award
  • 2009: Won Information Week Silver Edge Award
  • 2009: Won Dataquest Gold CIO award
  • 2010: Won Information Week Silver Edge Award
  • 2010: Won CIO100 award
  • 2010: CIO Green Edge – Special Award
  • 2010: Won CIO Asia Award
  • 2011: Won Red Hat Asia Pacific Award
  • 2011: Won MIS Asia IT Excellence Award- one of the Asia's most prestigious awards
  • 2011: Won Indian Express Intelligent Enterprise Award
  • 2012: Won CIO100 award
  • 2012: Won Information Week Silver Edge Award
  • 2012: Won CIO Innovative Award
  • 2012: Won CIO Innovative Award – Special Award
  • 2012: Won Dataquest Innovator Award
  • 2012: Won SKOCH Digital Inclusion Award
  • 2014: Won CIO100 award
  • 2014: Won Information Week Silver Edge Award
  • 2014: Won CIO 100 - Hall of Fame
  • 2015: Won Dataquest Business Technology Award
  • 2015: Won BSE-CIOKLUB ‘CIO of the Year’
  • 2016: Received the Computer World Premier Award
  • 2017: Awarded by PU Tech for Innovative Technology for Vertical Variable Pressure Foaming.
  • 2018: Most Trusted Mattress Brand Award In India - Reader's Digest most trusted brand award 2018 trophy
  • 2018: Economic Times Best Brand 2019 - In the Sleep & Comfort Brand Category.
  • 2018: Business Standard Star SME of the Year 2017-18.
  • 2018: Computer Society of India ‘Best CIO of the Year - 2018’ for IT Innovation & Excellence
  • 2018: Data Quest ‘Digital Leader 2018’. This award is based on the ability to transform enterprise computing to the next orbit
  • 2018: IDC Insights Award 2018 has been awarded in the category of Excellence in Revenue Generation.
  • 2019-20: IOT Innovation Award
  • 2019-20: Great Place to Work
  • 2019-20: National Awards for Manufacturing Competitiveness
  • 2019-20: RK Bajaj Performance Excellence Trophy
  • 2019-20: India’s Best Mattress Brand of the Year 2020

Milestones

  • 1971: Sheela Foam Pvt Ltd. Founded by Mrs. Sheela Gautam, Chairperson.
  • 1985:  Extended operations to NOIDA, a Satellite town of Delhi.
  • 1993: Process of liberalization started in the country and Sheela Group began rapid expansion
  • 1993: ‘Sleepwell’ brand launched.
  • 1994: Acquisition of a full fledged plant near Delhi.
  • 1996: Two more units added at Silvassa, near Mumbai and at Hyderabad in Andhra Pradesh
  • 1998: Introduced Rubberized Coir products under ‘Starlite’ Brand.
  • 1999: Tie - ups with Serta, US and Dunlopillo, UK for manufacturing mattresses
  • 2001: Set - up India's largest P.U. Foam producing plant at Greater Noida.
  • 2002: Expanded operations in North from plant at Rajpura, Punjab
  • 2003:  Set - up a manufacturing unit at Sikkim.
  • 2005: Acquired Polyurethane & Polystyrene business of Joyce, Australia
  • 2006: Joint Venture with Woodbridge Group, Canada for manufacturing moulded P.U. Foam - Auto components.
  • 2008: Joint Venture with AH Beards Australia for manufacturing Spring Mattresses
  • 2008: Revolutionised Mattress Retail with the launch of Sleepwell Worlds & Galleries
  • 2010: Launch of revolutionary technologies with Impressions, Latex Plus, Resitec Air, Duet Luxury, Durafirm, Serenity, Amity and many more.
  • 2012: A new State of the Art Unit in Erode starts operations to cater to the Southern markets
  • 2013: Expanded Production capacities at Kala Amb in HP for Northern Markets
  • 2015: Launch of Sleepedia, an initiative by Sleepwell to raise public awareness on importance of quality sleep as a means of good health and wellbeing
  • 2015: Launch of ‘Perfect Match’ a revolutionatry concept that uses world class Sensobed to recommend the perfect sleeping surface for every individual body type.
  • 2015: Introduced My Mattress Concept that enables a customer to choose the right mattress for themselves
  • 2015: A new State of the Art Unit in Siliguri starts operations to cater to the eastern markets
  • 2016: Company got listed on NSE and BSE.
  • 2018: Launch of Economy Product Range & E-commerce
  • 2019: Footprint in Europe, the Company acquired Interplasp S.L. in Spain
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