Free Download Report On Sheela Foam Limited.
Sheela Foam Limited – Introduction
A leader in Polyurethane (PU) Foam, Sheela Group may be a multi-billion rupee entity. In manufacturing of PU Foams it has nationwide presence with a worldwide marketing view point and an impeccable diary , since 1971. Sheela Group is committed to a one-point programme that of bringing comfort, convenience and luxury to reinforce the life-style of a contemporary man.
The winning brands of Sheela Foam Limited includes:
SLEEPWELL – The flagship brand for mattresses and luxury accessories
FEATHER FOAM – A Pure PU Foam
LAMIFLEX – A superior quality POLYETHER foam
These are ranked because the largest selling PU Foam within the country.
Sheela Foam Limited is one of the market leading manufacturer of Polyurethane (PU) Foam mattresses in India marketed under its flagship brand ‘Sleepwell’. Its share within the organised Mattress Market is quite 23%. It also manufactures foam based home comfort products additionally targeted primarily at Indian retail consumers also as technical grades of polyfoam (‘PU Foam’) for end use during a wide selection of industries. the froth production continues to be quite double of its nearest competitor. With international footprint the corporate manufactures Polyurethane (PU) Foam in Australia through its wholly owned subsidiary Joyce Foam Pty Ltd. Joyce Foam is that the largest producer of froth in Australia and supplies its top quality Foam to Global Mattresses and Furnishing Companies.The company was incorporated in June 18th 1971 and over the last 20 years has developed Sleepwell as an overarching brand related to comprehensive and quality home-comfort solutions. the corporate believes that the recall of its brand has been established by an in depth suite of products that range from baseline bedding and furniture cushioning material to ergonomically tailored offerings a stress on internal control and focused brand building.
ICICI Securities has given a buy rating to Sheela Foam with a target price of Rs 1700. The share price moved up by 0.13 per cent from its previous close of Rs 1302.80. The stock’s last traded price is Rs 1304.45. Investing in a quality business will enable you to sleep peacefully over long periods of time . The stock was launched on NSE and BSE both on 29 Nov 2016.
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Promoter/FII Holdings as per Economics Times
Promoters held 73 per cent stake in the company as of Sept 30, 2020, while FIIs held 1.7 per cent, DIIs 23.3 per cent and public and others 2.1 per cent. As per the Money Control Insights Strong Performer: Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation. We Ample Investment Adviser recommend to buy the stock at the level of 1980.