Sheela Foam Stocks: Buy Sheela Foam, Target Price Rs 3650: ICICI Direct

ICICI Direct has a buy call on Sheela Foam with a target price of Rs 3650. The current market price of . is Rs 2945.6. The period given by the analyst is one year when the price Ltd. can achieve the set goal.

Sheela Foam Ltd., incorporated in 1971, is a mid-cap company (having a market capitalization of Rs 14294.09 Crore) operating in the consumer durables sector.

The main products/revenue segments of Sheela Foam Ltd. include PU foam sheets / mattresses / rolls / bolsters / pillows, etc., sale of services, scrap metal, other operating income and works for the year ending March 31, 2022.


For the quarter ended 30-06-2022, the company reported a consolidated total revenue of Rs 747.54 Crore, down -4.09% from last quarter. Total revenue of Rs 779.38 Crore and up by 31.35% compared to the same quarter last year. Total revenue of Rs 569.11 Crore. . The company reported net profit after tax of Rs 42.52 Crore last quarter.

Promoter/Fii Holdings
The promoters held 72.95% of the company’s capital as of June 30, 2022, while the FIIs held 3.11% and the DIIs 22.84%.

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Lee J. Murillo