Sheela Foam Ltd, established in 1971, is a prominent leader in India’s foam and mattress industry, known for its expertise in polyurethane (PU) foam products and a strong market presence. Headquartered at the Kanchanjangha Integrated Industrial Hub in Jalpaiguri, West Bengal, the company operates under flagship brands such as Sleepwell, renowned for its mattresses, Feather Foam, offering pure PU foam, and Lamiflex, specializing in polyester foam. Sheela Foam Ltd produces a diverse range of foam-based home comfort products, including mattresses, furniture cushions, pillows, and technical PU foam grades catering to industries like automotive and acoustics. With 11 manufacturing plants in India boasting a total capacity of 123,000 MTPA, alongside five plants in Australia with a capacity of 11,000 MTPA, and one plant in Spain with a capacity of 22,000 MTPA, the company showcases its extensive global reach. Its robust distribution network includes over 100 exclusive distributors, 5,400+ exclusive retail dealers, and 7,850+ multi-brand outlets. Holding a commanding 30-35% market share in India’s mattress segment and 40% in Australia’s PU foam market, Sheela Foam Ltd solidifies its position as a pioneering force in foam and mattress manufacturing, setting industry standards with its commitment to quality and innovation.
Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | |
Promoters + | 65.48% | 65.48% | 65.48% | 65.48% | 65.69% |
FIIs + | 6.12% | 6.32% | 6.40% | 6.60% | 6.56% |
DIIs + | 24.99% | 24.52% | 23.40% | 22.30% | 21.03% |
Public + | 3.40% | 3.68% | 4.72% | 5.62% | 6.71% |
No. of Shareholders | 39,444 | 39,103 | 51,047 | 55,954 | 60,354 |
Sheela Foam has demonstrated a consistent and notable shareholding pattern over the year 2023-2024, reflecting its stability and appeal among investors. The promoters maintained a strong majority stake, starting at 65.48% in December 2023 and showing a slight increase to 65.69% by December 2024. This steady holding underscores the confidence of the promoters in Sheela Foam’s growth trajectory.
Foreign Institutional Investors (FIIs) exhibited a gradual increase in their stake, moving from 6.12% in December 2023 to 6.56% by December 2024, indicating growing interest from global investors. In contrast, Domestic Institutional Investors (DIIs) reduced their holdings from 24.99% in December 2023 to 21.03% by December 2024, possibly reallocating their investments.
The public shareholding saw a significant rise, climbing from 3.40% in December 2023 to 6.71% by December 2024, reflecting increased interest from individual investors. Additionally, the number of shareholders rose remarkably, from 39,444 in December 2023 to 60,354 by December 2024, showcasing Sheela Foam’s expanding retail investor base.
Below are the trading platforms that you can use to purchase Sheela Foam shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
When | Maximum Price | Minimum Price |
March 2025 | 912.99 | 702.30 |
April 2025 | 903.95 | 695.35 |
May 2025 | 877.62 | 675.09 |
June 2025 | 917.11 | 705.47 |
July 2025 | 899.13 | 691.64 |
August 2025 | 926.94 | 713.03 |
September 2025 | 938.06 | 721.59 |
October 2025 | 962.45 | 740.35 |
November 2025 | 986.51 | 758.86 |
December 2025 | 1,030.91 | 793.01 |
As we move through 2025, Sheela Foam’s share price projections indicate a steady upward trajectory. In March 2025, Sheela Foam’s share price is expected to reach a maximum of ₹912.99 and a minimum of ₹702.30. By December 2025, the share price is anticipated to peak further, with the maximum projected at ₹1,030.91 and the minimum at ₹793.01.
When | Maximum Price | Minimum Price |
January 2026 | 1,061.83 | 816.80 |
February 2026 | 1,035.29 | 796.38 |
March 2026 | 1,055.99 | 812.30 |
April 2026 | 1,077.54 | 828.88 |
May 2026 | 1,066.88 | 820.67 |
June 2026 | 1,093.55 | 841.19 |
July 2026 | 1,072.11 | 824.70 |
August 2026 | 1,105.26 | 850.20 |
September 2026 | 1,127.37 | 867.21 |
October 2026 | 1,156.68 | 889.75 |
November 2026 | 1,185.60 | 912.00 |
December 2026 | 1,215.24 | 934.80 |
In 2026, Sheela Foam’s share price is projected to maintain a strong growth trajectory. In January 2026, the share price is expected to reach a maximum of ₹1,061.83 and a minimum of ₹816.80. By December 2026, the projections indicate further escalation, with the share price anticipated to peak at a maximum of ₹1,215.24 and a minimum of ₹934.80.
When | Maximum Price | Minimum Price |
January 2027 | 1,227.39 | 944.15 |
February 2027 | 1,258.86 | 968.35 |
March 2027 | 1,307.96 | 1,006.12 |
April 2027 | 1,282.31 | 986.39 |
May 2027 | 1,244.96 | 957.66 |
June 2027 | 1,300.99 | 1,000.76 |
July 2027 | 1,275.48 | 981.14 |
August 2027 | 1,314.92 | 1,011.48 |
September 2027 | 1,360.95 | 1,046.88 |
October 2027 | 1,396.33 | 1,074.10 |
November 2027 | 1,431.24 | 1,100.95 |
December 2027 | 1,467.02 | 1,128.48 |
When | Maximum Price | Minimum Price |
January 2028 | 1,496.36 | 1,151.05 |
February 2028 | 1,534.73 | 1,180.56 |
March 2028 | 1,594.58 | 1,226.60 |
April 2028 | 1,563.32 | 1,202.55 |
May 2028 | 1,517.78 | 1,167.53 |
June 2028 | 1,586.08 | 1,220.06 |
July 2028 | 1,554.98 | 1,196.14 |
August 2028 | 1,603.08 | 1,233.13 |
September 2028 | 1,659.18 | 1,276.29 |
October 2028 | 1,702.32 | 1,309.48 |
November 2028 | 1,744.88 | 1,342.22 |
December 2028 | 1,788.50 | 1,375.77 |
When | Maximum Price | Minimum Price |
January 2029 | 1,824.27 | 1,403.29 |
February 2029 | 1,871.05 | 1,439.27 |
March 2029 | 1,944.02 | 1,495.40 |
April 2029 | 1,905.90 | 1,466.08 |
May 2029 | 1,850.39 | 1,423.38 |
June 2029 | 1,933.66 | 1,487.43 |
July 2029 | 1,895.74 | 1,458.26 |
August 2029 | 1,954.37 | 1,503.36 |
September 2029 | 2,022.78 | 1,555.98 |
October 2029 | 2,075.37 | 1,596.44 |
November 2029 | 2,127.25 | 1,636.35 |
December 2029 | 2,180.43 | 1,677.26 |
When | Maximum Price | Minimum Price |
January 2030 | 2,224.04 | 1,710.80 |
February 2030 | 2,281.07 | 1,754.67 |
March 2030 | 2,370.03 | 1,823.10 |
April 2030 | 2,323.56 | 1,787.35 |
May 2030 | 2,255.88 | 1,735.29 |
June 2030 | 2,357.40 | 1,813.38 |
July 2030 | 2,311.17 | 1,777.83 |
August 2030 | 2,382.65 | 1,832.81 |
September 2030 | 2,466.05 | 1,896.96 |
October 2030 | 2,530.16 | 1,946.28 |
November 2030 | 2,593.42 | 1,994.94 |
December 2030 | 2,658.25 | 2,044.81 |
As we progress through 2030, Sheela Foam’s share price is expected to display significant growth. In January 2030, the share price is projected to reach a maximum of ₹2,224.04 and a minimum of ₹1,710.80. By December 2030, the share price is anticipated to rise further, peaking at a maximum of ₹2,658.25 and a minimum of ₹2,044.81.
Financial Condition of Sheela Foam
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
Sales + | 2,121 | 2,437 | 2,866 | 2,873 | 2,982 | 3,435 |
Expenses + | 1,821 | 2,073 | 2,550 | 2,575 | 2,678 | 3,137 |
Operating Profit | 300 | 364 | 315 | 298 | 304 | 298 |
OPM % | 14% | 15% | 11% | 10% | 10% | 9% |
Other Income + | 28 | 50 | 79 | 86 | 136 | 171 |
Interest | 13 | 18 | 17 | 21 | 69 | 112 |
Depreciation | 59 | 73 | 81 | 90 | 116 | 174 |
Profit before tax | 256 | 324 | 296 | 273 | 256 | 182 |
Tax % | 24% | 26% | 26% | 26% | 24% | |
Net Profit + | 194 | 240 | 219 | 201 | 184 | 140 |
EPS in Rs | 19.82 | 24.36 | 22.27 | 20.39 | 16.78 | 12.8 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Sheela Foam has demonstrated consistent growth in sales over the years, reflecting its strong market presence and demand for its products. Sales have increased from ₹2,121 crore in March 2020 to ₹2,982 crore in March 2024, with the trailing twelve months (TTM) figure reaching ₹3,435 crore, showcasing steady expansion. However, operating margins have faced significant pressure during this period. The Operating Profit Margin (OPM%) has decreased from 14% in March 2020 to 9% in the TTM, indicating rising costs and operational challenges. Operating profits, which peaked at ₹364 crore in March 2021, have since stabilized at ₹298 crore, reflecting the company’s efforts to manage profitability amidst growing expenses. Rising operational costs, which increased from ₹1,821 crore in March 2020 to ₹3,137 crore in the TTM, highlight the scaling of operations and possibly higher input costs impacting margins.
Other financial metrics provide further insights into Sheela Foam’s performance. Other income has grown significantly, from ₹28 crore in March 2020 to ₹171 crore in the TTM, contributing positively to the bottom line. However, rising interest costs, which have escalated from ₹13 crore in March 2020 to ₹112 crore in the TTM, and increasing depreciation expenses, reaching ₹174 crore in the TTM, have put downward pressure on profitability. As a result, net profit has declined from ₹194 crore in March 2020 to ₹140 crore in the TTM, and earnings per share (EPS) have decreased from ₹19.82 to ₹12.8 over the same period. Despite these challenges, Sheela Foam has maintained a zero-dividend payout policy, likely focusing on reinvesting in growth and operational improvements.
FAQs
What is Sheela Foam’s current market capitalization?
Sheela Foam’s current market capitalization stands at ₹8,478 Crores as of February 12, 2025.
Sheela Foam is currently trading at ₹805 as of February 12, 2025.
In 2025, Sheela Foam’s share price is expected to increase gradually, with a minimum of ₹675.09 in May and a maximum of ₹1,030.91 in December.
Looking ahead to 2030, Sheela Foam’s share price is estimated to reach a minimum of ₹1,710.80 and a maximum of ₹2,658.25.
What is the current Price-to-Earnings (P/E) ratio for Sheela Foam?
The current P/E ratio for Sheela Foam is 103.
Sheela Foam shares can be purchased through various trading platforms, including Zerodha, Upstox, Groww, AngelOne, and ICICIDirect.
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Conclusion
In conclusion, Sheela Foam Ltd has established itself as a market leader in the foam and mattress industry, backed by its strong product portfolio, extensive manufacturing capabilities, and strong brand presence both in India and globally. The company has consistently expanded its sales, reaching ₹2,982 crore in March 2024, with a TTM of ₹3,435 crore, reflecting solid demand. However, declining operating profit margins, from 14% in March 2020 to 9% in the TTM, highlight challenges in managing costs.
The shareholding pattern demonstrates stable promoter confidence, growing FII interest, and a significant rise in public participation. Future share price projections indicate steady growth, with the maximum price anticipated to reach ₹1,030.91 by December 2025 and ₹2,658.25 by December 2030, reflecting positive investor sentiment. While Sheela Foam faces cost pressures, its commitment to innovation and market leadership positions it well for long-term growth.
What did we learn?
- 1 Shareholdings Patterns of Sheela Foam
- 2 How to Purchase Sheela Foam Shares?
- 3 Sheela Foam Share Price Target: 2025 to 2030
- 4 Financial Condition of Sheela Foam
- 5 FAQs
- 5.1 What is Sheela Foam’s current market capitalization?
- 5.2 What is the current share price of Sheela Foam?
- 5.3 What is the share price target for Sheela Foam in 2025?
- 5.4 What is the share price target for Sheela Foam in 2030?
- 5.5 What is the current Price-to-Earnings (P/E) ratio for Sheela Foam?
- 5.6 Where can one purchase Sheela Foam shares?
- 6 Conclusion