Kurlon Enterprises Ltd
| Market Cap | ₹2,010Cr. | Stock P/E | -360 |
| Current Price | ₹480 | Book Value | ₹126.2 |
| Lot Size | 100 | 52W Low | ₹ |
| 52W High | ₹ | Demat Account | NSDL\CDSL |
| EPS | -1.53 | ISIN | INE387W01025 |
| Debt to Equity | 0.02 | Valuation | ⭐⭐⭐⭐ |
| Face Value | 5 | No. of Shares | 3.66 |
Description
| Buy Price | Minimum Quantity | Amount |
|---|---|---|
| ₹ 432 | 100 | ₹ 43,200 |
| Sell Price | Minimum Quantity | Amount |
|---|---|---|
| ₹ 480 | 100 | ₹ 48,000 |
Company Overview:
Company Overview: Kurlon Enterprise Limited is a subsidiary of Kurlon Limited, a company that pioneered coir mattresses in India. Kurlon Enterprise Limited was established in 2011 and is headquartered in Bengaluru.
Products: Mattresses, including foam, spring, and rubberized coil mattresses, as well as pillows, bolsters, cushions, sofas, and furniture.
Headquarters: Bengaluru, Karnataka
Subsidiaries: Includes Sirar Solar Energies (P) Ltd, Sevalal Solar (P) Ltd, Sirar Dhotre Solar (P) Ltd, Komfort Universe Products and Services Limited, and more.
Dealers and stock points: Has over 10,000 dealers and 72 branches across India.
Unique features: Kurlon mattresses are known for their both-side quilting, site walls, and tightly sealed and quilted mattress cover.
Acquisition: In July 2023, Sheela Foam Ltd, the maker of the Sleepwell mattress brand, announced its acquisition of a 94.66% stake in Kurlon Enterprise Limited for Rs 2,150 crore.
Sustainability: Kurlon focuses on environmental sustainability through initiatives like rain harvesting, using solar energy, and achieving zero carbon emissions.
Announcement and News
Exclusive: Sheela Foam to now buy Kurlon Enterprise for Rs 2,150 crore
If the deal to take over the Kurlon mattress maker goes through, the expectation is that Sheela Foam which is known for the Sleepwell brand, will nearly double its market share to 40 percent.
Sheela Foam surges 7% on Kurlon acquisition buzz
Sheela Foam Ltd will fully acquire rival Kurlon Enterprise for a cash consideration of Rs 3,250 crore, according to a person familiar with the deal.
Financial Data (IN CR.)
| YEAR | 2024 | 2023 | 2022 |
|---|---|---|---|
| NET SALES | 8198.6 | 858.9 | 795.2 |
| TOTAL INCOME | 8285.8 | 867.3 | 808.8 |
| NET PROFIT | -512.2 | 10.5 | -5.6 |
| SHAREHOLDERS FUND | 2837.3 | 469.9 | 461.4 |
| TOTAL ASSETS | 5310.5 | 757.2 | 722.9 |
| EPS | -140.16 | 2.86 | -1.53 |
Financial Docs
Profit and Loss (IN CR.)
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Revenue | 795 | 859 | 820 |
| Cost Of Material Consumed | 452 | 471 | 524 |
| Gross Profit | 43.14 | 45.17 | 36.1 |
| OPM | 2.39 | 5.01 | -1.46 |
| Other Income | 14 | 8 | 12 |
| Other Expenses | 246 | 259 | 230 |
| Depreciation & Amortization | 36 | 36 | 25 |
| Profit before tax | -9 | 8 | -55 |
| Net Profit Margin | -0.75 | 1.16 | -6.22 |
| EPS in Rs | -1.64 | 2.74 | -13.96 |
| Finance Cost | 6 | 7 | 6 |
Balance Sheet (IN Cr.)
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Share Capital | 18.27 | 18.27 | 18.27 |
| Reserves | 443 | 451 | 265 |
| Borrowings | 7.5 | 17 | 0.13 |
| Other Liabilities | 134.23 | 157.73 | 128.6 |
| Total Liabilities | 723 | 757 | 531 |
| Fixed Assets | 211 | 189 | 252 |
| CWIP | 4 | 1 | 0.55 |
| Investments | 107 | 16 | 10 |
| Other Assets | 225 | 416 | 109.45 |
| Total Assets | 723 | 757 | 531 |
Shareholding Pattern
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Kanara Consumer Products Limited | 84.60% | 88.47% | 0.19% |
| Sheela Foam Limited | – | – | 97.25% |
| Kurlon Trading And Invest Management Private Limited |
– | 6.19% | – |
| Indian Business Excellence Fund II A | 6.44% | 6.19% | – |
| Other | 8.96% | 5.34% | 2.56% |