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Sheela Foam Valuation Multiples

Discover revenue and EBITDA valuation multiples for Sheela Foam and similar public comparables like Flotek Industries, Bide Pharmatech Co, Gujarat State Fertilizers, SP Group and more.

Sheela Foam Overview

About Sheela Foam

Sheela Foam Ltd is a manufacturer of mattresses and other foam-based home comfort products. Its Comfort Foam and Home Care product portfolio includes Mattresses, Pillows, Mattress protectors, Bolsters, Back cushions, Sofa-cum beds, Bedsheets, and Baby care sheets. It also offers technical foam and furniture foam productsĀ such as Laminated foam, Reticulated foam, UV stable foam, Sound absorption foam, and Anti-static foam. Its products cater to different industries such as bedding, furniture, shoes, lingerie, acoustic enclosures, and others. Geographically, the organization sells its products in India and also exports them to other countries. It derives a majority of its revenue from the sales of the Comfort Foam and Home Care line of products. The company's flagship brand is Sleepwell.


Founded

1971

HQ

India

Employees

2.6K

Sectors

Financials (LTM)

Revenue: $407M
EBITDA: $43M

EV

$798M

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Sheela Foam Financials

Sheela Foam reported last 12-month revenue of $407M and EBITDA of $43M.

In the same LTM period, Sheela Foam generated $179M in gross profit, $43M in EBITDA, and $18M in net income.

Revenue (LTM)


Sheela Foam P&L

In the most recent fiscal year, Sheela Foam reported revenue of $399M and EBITDA of $48M.

Sheela Foam is profitable as of last fiscal year, with gross margin of 40%, EBITDA margin of 12%, and net margin of 4%.

See analyst estimates for Sheela Foam
LTMLast FY202320242025202620272028
Revenue$407M$399M$308M$346M$389M
Gross Profit$179M$159M$114M$128M$152M
Gross Margin44%40%37%37%39%
EBITDA$43M$48M$44M$44M$46M
EBITDA Margin11%12%14%13%12%
EBIT Margin6%6%7%3%5%
Net Profit$18M$17M$20M$12M$15M
Net Margin4%4%6%4%4%
Net Debt-$71M---

Financial data powered by Morningstar, Inc.

Sheela Foam Stock Performance

Sheela Foam has current market cap of $723M, and enterprise value of $798M.

Market Cap Evolution


Sheela Foam's stock price is $6.62.

Sheela Foam share price increased by 23.4% in the last 30 days, and decreased by 2.6% in the last year.

Sheela Foam has an EPS (earnings per share) of $0.15.

See more trading valuation data for Sheela Foam
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$798M$723M-0.7%23.4%12.7%-2.6%$0.15

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Sheela Foam Valuation Multiples

Sheela Foam trades at 2.0x EV/Revenue multiple, and 18.5x EV/EBITDA.

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EV / Revenue (LTM)


Sheela Foam Financial Valuation Multiples

As of May 27, 2026, Sheela Foam has market cap of $723M and EV of $798M.

Sheela Foam has a P/E ratio of 40.2x.

LTMLast FY202320242025202620272028
EV/Revenue2.0x2.0x2.6x2.3x2.1x
EV/EBITDA18.5x16.8x18.0x18.3x17.2x
EV/EBIT32.3x35.6x35.6x66.4x41.9x
EV/Gross Profit4.5x5.0x7.0x6.2x5.2x
P/E40.2x43.4x37.0x58.8x48.2x
EV/FCF18.9x18.6x(5.2x)(18.6x)33.3x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Sheela Foam Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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Sheela Foam Margins & Growth Rates

Sheela Foam grew revenue by 13% and EBITDA by 15% in the last fiscal year.

In the most recent fiscal year, Sheela Foam reported gross margin of 40%, EBITDA margin of 12%, and net margin of 4%.

See estimated margins and future growth rates for Sheela Foam

Sheela Foam Margins

Last FY202420252026202720282029
Gross Margin40%37%39%43%
EBITDA Margin12%13%12%12%
EBIT Margin6%3%5%8%
Net Margin4%4%4%6%
FCF Margin11%(12%)6%8%

Sheela Foam Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth13%12%12%13%
Gross Profit Growth27%12%19%25%
EBITDA Growth15%(2%)6%14%
EBIT Growth66%(46%)58%76%
Net Profit Growth77%(37%)22%75%
FCF Growth(12%)(72%)(156%)48%

Data powered by FactSet, Inc. and Morningstar, Inc.

Sheela Foam Operational KPIs

Sheela Foam's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.

Sheela Foam's Rule of 40 is 25% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Sheela Foam's Rule of X is 44% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Sheela Foam
LTMLast FY202320242025202620272028
Rule of 4024%25%---
Bessemer Rule of X44%44%---
Revenue per Employee-$0.2M---
Opex per Employee-$0.1M---
S&M Expenses to Revenue--11%11%10%
G&A Expenses to Revenue--2%2%1%
Opex to Revenue-34%30%34%34%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Sheela Foam Competitors

Sheela Foam competitors include Flotek Industries, Bide Pharmatech Co, Gujarat State Fertilizers, SP Group, ASP Isotopes, Explosifs et Produits Chimiques, Kronos Worldwide, Koppers Holdings, Alok Indus and Westlake Chemical.

Most Sheela Foam public comparables operate across Chemicals.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Flotek Industries3.2x3.0x23.4x21.1x
Bide Pharmatech Co3.1x2.9x17.7x-
Gujarat State Fertilizers0.5x-5.0x-
SP Group1.7x1.6x8.4x7.7x
ASP Isotopes28.1x25.2x(13.5x)(15.7x)
Explosifs et Produits Chimiques1.4x1.2x10.5x8.8x
Kronos Worldwide0.7x0.7x44.2x29.4x
Koppers Holdings0.9x0.9x6.8x6.9x

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Sheela Foam M&A Activity

Sheela Foam has acquired 2 companies to date.

Last acquisition by Sheela Foam was on July 17th 2023. Sheela Foam acquired Kurlon for $273M (EV/Revenue multiple of ).

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Latest Acquisitions by Sheela Foam

Kurlon
Interplasp
Description
Kurlon is a Chennai-based manufacturer of mattresses and home comfort products in India. The company produces polyurethane foam mattresses, spring models, and furniture like sofas and bed frames under brands including Kurlon Orthopaedic. With factories in Tamil Nadu, Kurlon distributes through 5,000 retailers nationwide and exports to the Middle East, emphasizing ergonomic designs certified by ISO standards.
Interplasp is a Valencia-based manufacturer of polyurethane foam products including rigid, flexible, and spray foams for insulation, packaging, and furniture applications. The private company produces blocks, sheets, and molded components from its Spanish facilities, supplying construction, automotive, and appliance industries across Europe.
HQ CountryIndiaSpain
HQ City
Bangalore
Salamanca
Deal Date17 Jul 202326 Jul 2019
Valuation$273M$48M
EV/Revenue
EV/EBITDA

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Sheela Foam Investment Activity

Sheela Foam has invested in 1 company to date.

Latest investment by Sheela Foam was on December 3rd 2025. Sheela Foam invested in Furlenco in their $14M Undisclosed stage round (EV/Revenue multiple of ).

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Latest Investments by Sheela Foam

Furlenco
Furlenco
Description
Furlenco is a Bangalore-headquartered furniture rental service launched in 2012. The company delivers sofa sets, beds, wardrobes, and dining units on 6-48 month subscriptions starting at ₹999/month across 12 Indian cities. Furlenco serves 100,000+ customers including corporates like Google and startups, with logistics handling 50,000 relocations annually.
Furlenco is a Bangalore-headquartered furniture rental service launched in 2012. The company delivers sofa sets, beds, wardrobes, and dining units on 6-48 month subscriptions starting at ₹999/month across 12 Indian cities. Furlenco serves 100,000+ customers including corporates like Google and startups, with logistics handling 50,000 relocations annually.
HQ CountryIndiaIndia
HQ City
Bangalore
Bangalore
Deal Date3 Dec 202517 Jul 2023
RoundUndisclosed stageStrategic investment
Raised$14M$37M
InvestorsMadhu Kela Family Office; Sheela Foam; White Oak Capital ManagementSheela Foam
Valuationundisclosed$92M
EV/Revenue
EV/EBITDA

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About Sheela Foam

When was Sheela Foam founded?Sheela Foam was founded in 1971.
Where is Sheela Foam headquartered?Sheela Foam is headquartered in India.
How many employees does Sheela Foam have?As of today, Sheela Foam has over 2K employees.
Is Sheela Foam publicly listed?Yes, Sheela Foam is a public company listed on National Stock Exchange of India.
What is the stock symbol of Sheela Foam?Sheela Foam trades under SFL ticker.
When did Sheela Foam go public?Sheela Foam went public in 2016.
Who are competitors of Sheela Foam?Sheela Foam main competitors include Flotek Industries, Bide Pharmatech Co, Gujarat State Fertilizers, SP Group, ASP Isotopes, Explosifs et Produits Chimiques, Kronos Worldwide, Koppers Holdings, Alok Indus, Westlake Chemical.
What is the current market cap of Sheela Foam?Sheela Foam's current market cap is $723M.
What is the current revenue of Sheela Foam?Sheela Foam's last 12 months revenue is $407M.
What is the current revenue growth of Sheela Foam?Sheela Foam revenue growth (NTM/LTM) is 13%.
What is the current EV/Revenue multiple of Sheela Foam?Current revenue multiple of Sheela Foam is 2.0x.
What is the current EBITDA of Sheela Foam?Sheela Foam's last 12 months EBITDA is $43M.
What is Sheela Foam's EBITDA margin?Sheela Foam's last 12 months EBITDA margin is 11%.
What is the current EV/EBITDA multiple of Sheela Foam?Current EBITDA multiple of Sheela Foam is 18.5x.
What is the current FCF of Sheela Foam?Sheela Foam's last 12 months FCF is $42M.
What is Sheela Foam's FCF margin?Sheela Foam's last 12 months FCF margin is 10%.
What is the current EV/FCF multiple of Sheela Foam?Current FCF multiple of Sheela Foam is 18.9x.
How many companies Sheela Foam has acquired to date?As of May 2026, Sheela Foam has acquired 2 companies.
What was the largest acquisition by Sheela Foam?$273M acquisition of Kurlon on 17th July 2023 was the largest M&A Sheela Foam has done to date.
What companies Sheela Foam acquired?Sheela Foam acquired Kurlon and Interplasp.
In how many companies Sheela Foam has invested to date?As of May 2026, Sheela Foam has invested in 1 company.
What was the last Sheela Foam investment?On 3rd December 2025 Sheela Foam invested in Furlenco, participating in a $14M Undisclosed stage round, alongside Madhu Kela Family Office and White Oak Capital Management.
In what companies Sheela Foam invested in?Sheela Foam invested in Furlenco.

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