Kurl-On
Ltd (KL) incorporated in 1962, is India’s largest manufacturer and seller of mattress. It is
involved in manufacturing of rubberized coir, latex foam and polyurethane foam
along with entire range of home comfort solutions, high end soft furnishing
such as pillows, cushions, bed linen/ sofa, ergonomically designed furniture,
furnishing, etc.
The
flagship brand “Kurl-On” enjoys
~35% market share in organized sector with sales of over 1.2 million
mattress p.a.
Kurlon Ltd (KL) has a
subsidiary company Kurlon Enterprises
Ltd (KEL) incorporated in 2011. KL has transferred its business of
Rubberized Coir, Latex Foam, Polyurethane Foam, Pillows, Spring Mattresses,
Furniture, Furnishing, sofa and entire home comforts and related products were
transferred to the subsidiary company effective 1st April, 2014. KEL is an
operating company with headquarter in Bengaluru.
KEL markets its products
under the flagship brand “Kurl-On” with Bounty,
Luxurino, Angelica Box TOP, Klassic, Mermaid, Kurlo bond, Convenio, Ortho,
Relish, SpineKare, etc. as sub brands.
Kurlon has 8 manufacturing facilities, dealer network comprising more than 7000 dealers,
70 branch and stock points.
Kurlon
Ltd (Holding Company) & Kurlon Enterprises Ltd (Subsidiary) are an “Unlisted Company”.
FINANCIAL HIGHLIGHTS:
(All Fig.in Crs.)
PARTICULAR
|
KURLON LTD
|
|||
FY 2018
|
FY 2017
|
|||
STANDALONE
|
CONSOLIDATE
|
STANDALONE
|
CONSOLIDATE
|
|
INCOME
|
133.92
|
1108.60
|
110.18
|
1027.42
|
PAT
|
6.3
|
85.72
|
5.9
|
62.95
|
EPS
|
4.25
|
57.60
|
3.93
|
42.30
|
EQUITY
|
14.88
|
14.88
|
14.88
|
14.88
|
FV
|
10
|
10
|
10
|
10
|
BV
|
112.99
|
299.04
|
108.74
|
233.90
|
PARTICULAR
|
KURLON ENTERPRISES LTD
|
||
FY 2018
|
FY 2017
|
||
STANDALONE
|
CONSOLIDATE
|
STANDALONE
|
|
INCOME
|
1118.14
|
1120.62
|
1038.76
|
PAT
|
83.99
|
84.15
|
60.79
|
EPS
|
30.23
|
30.28
|
27.07
|
EQUITY
|
13.89
|
13.89
|
11.23
|
FV
|
5
|
5
|
5
|
BV
|
112.66
|
112.67
|
105.01
|
EXPANSION
& FUTURE STRATEGIES:
-Kurlon
proposed to come up with an IPO to raise Rs. 500 Crs
after successful debut of Sheela
Foam Ltd on NSE/BSE.
The funds are to be utilized for expansion program.
-Kurlon Ltd is expecting nearly 2 fold rise in its revenue at over Rs. 2000 Crs. in next 3 year time frame.
-It is planning to expand its current chain of home furniture & furnishing outlets “Home Komfort” to 2500 by 2020 from 920.
-The company is focusing on mid – premium segment, Delhi NCR & Northern market as a part of expansion strategy expecting 25% growth in its Total Revenue from these segments.
-In AGM held in Sept, 2018 KEL had proposed to issue bonus shares to existing shareholders under the ratio of 713 shares for every 2000 shares held. Record Date for the same was fixed 3rd Oct, 2018. With this the new equity paid up capital of KEL shall be Rs. 18.84 Crs with face value of Rs.5 per share for FY 2019.
-Kurlon Ltd is expecting nearly 2 fold rise in its revenue at over Rs. 2000 Crs. in next 3 year time frame.
-It is planning to expand its current chain of home furniture & furnishing outlets “Home Komfort” to 2500 by 2020 from 920.
-The company is focusing on mid – premium segment, Delhi NCR & Northern market as a part of expansion strategy expecting 25% growth in its Total Revenue from these segments.
-In AGM held in Sept, 2018 KEL had proposed to issue bonus shares to existing shareholders under the ratio of 713 shares for every 2000 shares held. Record Date for the same was fixed 3rd Oct, 2018. With this the new equity paid up capital of KEL shall be Rs. 18.84 Crs with face value of Rs.5 per share for FY 2019.
Thus
based on strong expansion plans to be supported by upcoming IPO, ever growing
financial performance y-o-y and a leading brand in the market, We Recommend “BUY- Kurlon Ltd & Kurlon Enteprises Ltd” from
long run growth perspective.
Read More:
Annual Report 2018 KL
& KEL |
For
buying and selling any unquoted / unlisted / delisted or suspended shares in
physical or demat you can reach us at Contact No.91+ 09215709100 or Email us on
mittalmanish2003@gmail.com
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