Research Reports published by SPA SECURITIES

Sheela Foam Ltd.    
29 Nov 2016
SPA Securities
Sheela Foam Ltd (SFL) is a leading manufacturer of mattresses in India marketed under flagship brand Sleepwell, which holds ~20-23% market share in the organized Indian mattress market. The company manufactures foam-based home comfort products (65.6% of revenues in FY16) for Indian retail consumers and technical grades of polyurethane foam (PU Foam) for wide range of industries. SFL operates in India through 11 manufacturing facilities having installed capacity of 123000 TPA. In addition to domestic facilities, SFL operates five manufacturing facilities in Australia that exclusively manufacture PU Foam having installed capacity of 10500 TPA. The company has pan-India distribution network that consists of 100+ exclusive distributors, 2000+ exclusive retail dealers and 2500+ multi-brand outlets. Its topline and bottom line has...
Sheela Foam Ltd. has an average target of 1895.00 from 2 brokers.