SFL

Sheela Foam share price & financials

Price
₹700.65
Market cap
₹7.5k Cr
Sector
Consumer Durables
Calls analysed
6
Latest concall · Q1 FY27 · call held 05 Aug 2026

Sheela Foam Q1 FY27

Consolidated Revenue ₹1,032 cr +26%Consolidated EBITDA ₹109 cr +45%Consolidated EBITDA Margin 10.6% Consolidated PAT ₹62 cr

What went well

  • Consolidated revenues reached INR 1,032 crores, up 26% year-on-year, marking the first time the group crossed INR 1,000 crores in a quarter.
  • Consolidated EBITDA grew 45% to INR 109 crores, also a first-time achievement, with EBITDA margin expanding 139 basis points to 10.6%.
  • PAT for the quarter was INR 62 crores, representing a substantial jump year-on-year.

What to watch

  • Moderation in margin was observed due to a sharp fall in raw material prices during the quarter, particularly impacting the foam segment.
  • Standalone volume growth of 6% in India was lower than the desired 10%+, though still ahead of the industry's 5%.
Read the full call →

What Sheela Foam does

Sheela Foam manufactures polyurethane (PU) foam and foam-based mattresses and home-comfort products, sold in India under the Sleepwell and Kurl-on brands and internationally under Joyce (Australia) and Interplasp (Spain). Beyond mattresses, it makes comfort foam, furniture cushioning and technical-grade PU foam used in automotive lamination, acoustics and other industrial applications. Products reach customers through a pan-India network of exclusive brand outlets, dealers, multi-brand retail and e-commerce, supported by a Small-Town Initiative extending distribution into smaller towns. The group also runs Staqo, an IT-services business serving government, MSME and enterprise clients.

Segments

  • Mattress
  • Comfort Foam
  • Furniture Cushioning
  • Technical Foam
  • International (Australia & Spain)
  • Staqo
Manufacturing facilities
18 (12 in India, 5 in Australia, 1 in Spain)
Installed PU foam capacity
~1,77,000 MT/year (1,39,000 MT India + 16,000 MT Australia + 22,000 MT Spain)
Brand outlets (India)
6,000+
Dealer touchpoints (India)
13,000+
Retail stores pan-India
5,000+
Small-Town Initiative reach
4,000+ towns
Founded 1971Headquarters Noida, Uttar Pradesh Company website

Guidance record · Q1 FY27

what the last two calls moved 18 tracked 1 delivered 5 missed 12 open
  • International Business EBITDA Margin delivered said Q4 FY26 Promised: Retain between 10% to 12% going forward Q1 FY27: Achieved 12.8% in Australia and 14.7% in Spain. Re-iterated 10-12% guidance.
  • New Showrooms / Touchpoints missed said Q4 FY25 Promised: More than 1000 new touchpoints in FY26 Q1 FY27: FY26 target. Final status remains missed (600 vs 1000 target). No new update.
  • India Business EBITDA Margin revised up said Q4 FY25 Promised: 13%-14% odd in 3 years, maybe touches 15% Q1 FY27: Committed to a target of 15% EBITDA margin.

All 18 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 25.7%, net profit up 785.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue813 967 850 821 875 +8%1,074 +11%1,050 +24%1,032 +26%
EBITDA70 88 27 75 87 +24%114 +30%117 +333%109 +45%
Net profit20 17 13 7 10 −50%53 +212%92 +608%62 +786%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −7.5% 1Y

₹500₹600₹700₹800Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 6 Nov 2025Q3 FY26 — 4 Feb 2026Q4 FY26 — 15 May 2026Q1 FY27 — 5 Aug 2026

1Y: ₹747.8 on 10 Sept 2025 → ₹691.55. High ₹808.95 (14 Jul 2026), low ₹465.05 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
+0.5%
5 Aug
Q4 FY26
+11.3%
15 May
Q3 FY26
+14.8%
4 Feb
Q2 FY26
−6.4%
6 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 9.5% a year over 3 years, FY23 to FY26. Operating margin held at 10.3%.

Year endingFY23FY24FY25FY26
Revenue₹2.9k Cr₹3.0k Cr₹3.4k Cr₹3.8k Cr
Operating profit₹298 Cr₹301 Cr₹245 Cr₹393 Cr
Operating margin10.2%10.1%7.1%10.3%
Interest₹22 Cr₹69 Cr₹120 Cr₹95 Cr
Depreciation₹89 Cr₹116 Cr₹183 Cr₹179 Cr
Net profit₹201 Cr₹183 Cr₹97 Cr₹162 Cr
Net margin6.9%6.1%2.8%4.2%
Cash from operations₹218 Cr₹406 Cr₹247 Cr₹409 Cr
Free cash flow₹2 Cr₹-1.9k Cr₹146 Cr₹368 Cr
ROCE14.0%8.0%4.0%6.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹24 Cr₹24 Cr₹49 Cr₹54 Cr₹55 Cr₹55 Cr
Reserves₹1.2k Cr₹1.4k Cr₹1.5k Cr₹2.9k Cr₹3.0k Cr₹3.2k Cr
Borrowings₹334 Cr₹466 Cr₹571 Cr₹1.5k Cr₹1.3k Cr₹908 Cr
Other liabilities₹551 Cr₹496 Cr₹533 Cr₹909 Cr₹840 Cr₹949 Cr
Total liabilities₹2.1k Cr₹2.4k Cr₹2.7k Cr₹5.3k Cr₹5.2k Cr₹5.1k Cr
Fixed assets₹894 Cr₹883 Cr₹865 Cr₹3.1k Cr₹3.1k Cr₹3.2k Cr
Capital work in progress₹33 Cr₹120 Cr₹287 Cr₹166 Cr₹138 Cr₹32 Cr
Investments₹411 Cr₹618 Cr₹768 Cr₹878 Cr₹652 Cr₹588 Cr
Other assets₹732 Cr₹734 Cr₹781 Cr₹1.1k Cr₹1.3k Cr₹1.3k Cr
Total assets₹2.1k Cr₹2.4k Cr₹2.7k Cr₹5.3k Cr₹5.2k Cr₹5.1k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +3.37 pp while DIIs trimmed −2.60 pp. The shareholder count grew 5% to 68,569.

Promoters
65.4%
FIIs
4.2%
DIIs
18.5%
Public
11.9%

Since Jun 2025

  • Public +3.37 pp
  • DIIs −2.60 pp
  • FIIs −0.45 pp

How it drifted, 12 quarters

Over this window the public went from 3.4% to 11.9% — +8.5 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 65.5%, FIIs 6.0%, DIIs 25.1%, Public 3.4%.Dec '23: Promoters 65.5%, FIIs 6.1%, DIIs 25.0%, Public 3.4%.Mar '24: Promoters 65.5%, FIIs 6.3%, DIIs 24.5%, Public 3.7%.Jun '24: Promoters 65.5%, FIIs 6.4%, DIIs 23.4%, Public 4.7%.Sep '24: Promoters 65.5%, FIIs 6.6%, DIIs 22.3%, Public 5.6%.Dec '24: Promoters 65.7%, FIIs 6.6%, DIIs 21.0%, Public 6.7%.Mar '25: Promoters 65.7%, FIIs 6.2%, DIIs 21.2%, Public 6.9%.Jun '25: Promoters 65.7%, FIIs 4.6%, DIIs 21.1%, Public 8.6%.Sep '25: Promoters 65.7%, FIIs 4.1%, DIIs 21.1%, Public 9.1%.Dec '25: Promoters 65.7%, FIIs 4.2%, DIIs 20.4%, Public 9.8%.Mar '26: Promoters 65.7%, FIIs 4.2%, DIIs 20.6%, Public 9.6%.Jun '26: Promoters 65.4%, FIIs 4.2%, DIIs 18.5%, Public 11.9%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Sheela Foam above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Rahul Gautam 47.34%−0.22 pp
Rangoli Resorts P Ltd 12.08%−0.05 pp
SBI ELSS Tax Saver Fund Mutual fund8.54%−0.66 pp
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund Mutual fund3.20%−0.50 pp
Avantika Singh Gautam 1.99%unchanged
Tushaar Gautam 1.99%unchanged
Namita Gautam 1.99%unchanged
Kotak Small Cap Fund Mutual fund1.53%−0.06 pp
DSP Small Cap Fund Mutual fund1.41%unchanged
UTI-Flexi Cap Fund Mutual fund1.05%−0.31 pp
SBI Life Insurance Co. Ltd Insurer—off the list

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in SFL

Filings to Aug 2026

0 new, 0 added, 1 trimmed, 0 sold out — net −0.44 L shares (−0.3%).

Held by funds
₹807 Cr
6 schemes
Biggest holder
SBI ELSS Tax Saver Fund
₹265 Cr · 0.8% of that fund
SchemeHoldingLast month
SBI ELSS Tax Saver Fund SBI Mutual Fund₹265 Crheld
Nippon India Multi Cap Fund Nippon India Mutual Fund₹208 Cr−0.44 L
SBI Smallcap Fund SBI Mutual Fund₹202 Crheld
SBI Large and Midcap Fund SBI Mutual Fund₹92 Crheld
SBI Conservative Hybrid Fund SBI Mutual Fund₹20 Crheld
SBI Consumption Opportunities Fund SBI Mutual Fund₹19 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

0 added, 1 trimmed — net −43,927 shares (−0.3%)

Funds are sitting on
-26%
vs est. average cost
Held by funds
₹807 Cr
6 schemes · ≈ 12% of the company
Biggest holder
SBI ELSS Tax Saver Fund
₹265 Cr · 0.8% of that fund
Longest holder
SBI Smallcap Fund
5y 1m · since Aug '21

Shares held by these funds +48%

Aug '23 1.26 cr shares Jul '26

What the price assumes

Growth the price implies
27.6% a year
for 7 years, fading to 4%
It has actually compounded at
Not enough history
The gap
—
between what it did and what it must do
Price today ₹691.55 Cyclical — a peak-earnings base overstates value

Change the assumptions yourself →

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Sheela Foam

Guides on how to read this kind of business and the numbers that matter.