Kurlon Unlisted Shares

Kurlon Enterprise Limited Unlisted Shares

BUY AT INR 710.0

Kurlon enterprises high return share.

Kurlon Enterprises Ltd is one of the largest manufacturers and distributors of quality mattresses in India. Established in 1962, Kurlon is known to provide a wide range of home decor and home comfort solutions that range from RC mattresses to foam mattresses, polyurethane foam, furnishing products, home furniture, etc.

Kurlon Enterprise Limited deals with mattress manufacturing and has a network of 10,000 dealers with 72 branches across PAN India. The major production facilities are located in Gujarat, Madhya Pradesh, Karnataka, Orissa, and Uttranchal.

Initially, the company was named “Karnataka Consumer Products Ltd”, now known as ‘Kurlon’. The company provides 35 to 40 % of the mattress market share in the market. Additionally, it is ranked as the 2nd largest manufacturer of PU foam in the country. From the initial days, KEL (Kurlon Enterprises Ltd) was a wholly-owned subsidiary and was incorporated in 2011. Subsequently, the company provided its shares as a public offering, which ultimately generated better money flow in the company. Kurlon Enterprises Ltd gained an operating revenue that ranged over INR 500 crores in the fiscal year 2021.

 

Kurlon Enterprises Ltd Unlisted Share Price Overview

There has been a constant growth in the price of Kurlon Enterprises Ltd unlisted shares, which can easily be observed through the following chart:

 

Kurlon Figures

Currently, Kurlon Enterprises Ltd unlisted shares are available at Rs 650 per equity share, with a face value of Rs 5 per share. The global market changes and can be depicted through the infographic listed below:

Kurlon Infographic

Why Buy Kurlon Enterprises Ltd Unlisted Shares?

The company provides one of the most efficient products in the market that has a stable customer base. Though the stock market is considered an ever-changing place, the company has focused on discovering new marketing strategies and focused on customer development. Considering the quality of mattresses and home decor, Kurlon has never failed to impress its customers with top-notch products. The excellent market value has assured potential inventors to put their money and buy unlisted shares of the company.

 

Moreover, the company’s net worth has increased by 3.20% while the total assets of the company constantly increased by 12.18%. Kurlon Enterprises Ltd’s unlisted shares are highly in-demand equity shares in the stock market.  Since mattresses and home decors are a basic necessity for every individual, there is guaranteed growth for the company in the market. Investing in Kurlon Enterprises Ltd would certainly provide beneficial returns.

Major Key Development at Kurlon Enterprise Limited 

Here is a sneak peek into the recent changes and developments done inside the Kurlon Enterprise Limited this year. 

Sheela Foam Ltd Acquire 94.66% of Kurlon Enterprise Limited 

In July 2023,  Sheela Foam, a popular brand of mattresses, announced the acquisition of  94.66% stakes in Kurlon Enterprise Limited for an estimated amount of Rs. 2,150 crore. The reason behind the acquisition was to help the company consolidate the mattress and foam-based product market. So, it also brings diversification to the customer base and helps build a pan-India network. 

 

This deal will also benefit enterprises in terms of cost structuring as well as synergies to grow in the market. As there will be an add-on to raw material sourcing, it will upgrade operational synergy at manufacturing for optimal capacity utilization. The mattress market is expected to reach $2.8 billion by FY24, and Kurlon Enterprise Limited has a high market share in the dominating sector. So, the acquisition will enhance future stability and growth measures. 

 

So, it will positively impact Kurlon Enterprise Limited unlisted shares and attract more investors to buy them. Stockify brings the latest news and updates on unlisted companies, and you can invest in Kurlon Enterprise Limited easily.

How To Apply For Kurlon Enterprises Ltd Unlisted Shares Online?

Based on all the data and revenue of the company mentioned above, it is profitable to invest in Kurlon Enterprises Ltd united shares. For easy investment, count on Stockify, as we are a leading online trading platform. Our team of experts carefully analyse the stock market and provides detailed insight into the unlisted share prices of major companies. If you are interested in investing in a company that provides the home decor and appliances industry is suitable for you. Our experts will help you throughout the buying and selling process of pre-IPO stocks.

 

Check Kurlon Enterprises Ltd Unlisted Share Price Today At Stockify

We are undoubtedly the most trusted online trading platform in India. Our experts monitor all the market trends based on the Kurlon Enterprises Ltd unlisted share price. This way, you get all the information in specific details and if you are willing to buy Kurlon Enterprises Ltd stocks, connect with our experts for recent updates. Moreover, you can register for our newsletter as we upgrade the rates of Kurlon Enterprises Ltd unlisted shares daily. Currently, the pre-IPO stocks of Kurlon are available at ₹ 650 per equity share.

 

We emphasise keeping track of market changes and marking the price volatility, which helps forecast the share prices beforehand.

 

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Frequently Asked Questions

Due to past performance and potential to grow, investment in Kurlon Enterprises Ltd unlisted shares is a wise choice. At Stockify, you can easily buy and sell unlisted shares of Kurlon Enterprises Ltd. You just need to connect with our expert share brokers, and they will help you throughout the process.
If you are wondering how to sell Kurlon Enterprises Ltd shares online, just fill out basic details in the form and our experts will get back to you. Right from the initial deal to the final transfer of shares, our unlisted share brokers will help. Check out the list of the best unlisted shares in India or reach out to reputed unlisted share dealers online.
SEBI has recently reduced the lock-in period from 1 year to 6 months. There is a minimum lock-in period of 6 months from the date of purchase of unlisted shares. However, these shares can be freely transferable before listing in NSE/BSE. Connect with unlisted share experts at +91-80 4113 3935/+91-7353266646
In the recent, unlisted share market in India is spreading its wings and becoming quite big. Some highly recognized companies like Reliance, HDB finance and even the National Stock Exchange are trading unlisted stocks. At Stockify, we allow you to buy and sell any number of Kurlon Enterprises Ltd unlisted shares as per your budget or needs. Customise your unlisted share trading experience.
Yes, this is 100% legal and safe to buy unlisted shares of Kurlon Enterprises Ltd. However, this is applicable when you buy Kurlon Enterprises Ltd unlisted shares from reliable and known unlisted share dealers. You can request a quote or trade online at Stockify, we are ready to assist you.
There is no difference between the tax of unlisted and listed shares. Short-term capital gain taxes are usually paid on the profit of shares held for one year or less. A rate of 15% will be charged as STCG tax and surcharges will be added based on the period of your holding. Buying unlisted shares in bulk? Talk to our experts to learn more.
Applicability of Taxes on Kurlon Enterprises Ltd unlisted shares once it is listed?
The credit transfer process is also the same for both listed and unlisted stocks. Once the share is transferred it will be reflected in your depositary/Demat account NSDL/CDSL. You can also check it online by logging into the NSDL/CDSL account.
At Stockify, we have simplified the whole process of unlisted share trading. A basic KYC is required for investing in unlisted stocks. For KYC verification, you will need to show Adhar | PAN | Demat CML For NRI |PAN|DEMAT CML| NRO Bank statement. Want to know more about how to buy unlisted shares in India? Connect with expert share brokers today!
There are multiple factors such as Demand/Supply of shares, valuation of the companies & multiple other factors that affect the returns on any unlisted shares. For eg. Investment of 1 Lakh in CSK shares in 2019 is worth 20 lakhs today in 2022 (20x returns in just 3 year). The return on investment of unlisted shares also varies depending on the period of holding. Estimating a return on unlisted shares requires in-depth knowledge and understanding of the industry. So, you can connect with our unlisted share experts to get a greater share of profit
Due to past performance and potential to grow, investment in Kurlon Enterprises Ltd unlisted shares is a wise choice. At Stockify, you can easily buy and sell unlisted shares of Kurlon Enterprises Ltd. You just need to connect with our expert share brokers, and they will help you throughout the process.
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FAQ On Kurlon Enterprises Ltd Unlisted Shares

The face value of Kurlon Enterprises Ltd unlisted share is Rs. 5 per equity.
Unlisted shares of Kurlon Enterprises Ltd are regularly published on Stockify and other leading newspapers.
There is a 6-month lock-in period for the shares.
No data was found

Key Indicators

KEY INDICATORS
2022
FACE VALUE/SHARE
5.0
BOOK VALUE/SHARE
126.6
PRICE TO EARNING (PE)
-50.0
PRICE/SALES
2.5
PRICE/BOOK
4.4
OUTSTANDING SHARES (Million)
36.6
MARKET CAP (Rs.Million)
20496.0
DEBT/EQUITY
0.5
DIVIDEND/SHARE
0.0
DIVIDEND % (ON CMP)
0.0%
RETURN ON TOTAL ASSETS
-1.9%
RETURN ON EQUITY
-2.9%
ROWC
3.7%

* Ratio is calculated based on latest financial & current share price.

About The Company

Kurlon Enterprises manufactures mattresses in 126 different configurations. Pan-India, they have partnered with a network comprising more than 10000 dealers, 72 branch and stock points, and 9 strategically located manufacturing facilities across Karnataka, Orissa, Madhya Pradesh, Uttaranchal, and Gujarat. With state-of-the-art technology, these factors continue to improve the standards in the mattress industry and serve the growing Indian population. Apart from mattresses the company has an ancillary range of products such as cushions and mats. It is one of the market leaders in the home comfort segment.
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Management

Mr. T Sudhakar Pai
Chairman & Managing Director
Mrs. Jyothi Ashish Pradhan
Chief Executive Officer
Mr. Ritesh Shroff
Chief Financial Officer
Mr. Monu Kumar
Company Secretary

Financials

Revenue Growth %

EBDITA Margin %

EPS Growth %

Profit & Loss Summary

(All Amount in INR Millions)

PROFIT AND LOSS
2022
2021
2020
2019
2018
PROFIT AND LOSS
2022
2021
REVENUE
8226
7926
9956
11242
11206
REVENUE
8226
7926
EXPENSE
7917
7134
8930
9821
9682
EXPENSE
7917
7134
EBDITA
309
792
1026
1421
1500
EBDITA
309
792
OTHER COST
523
255
94
236
185
OTHER COST
523
255
PBT
-214
537
932
1185
1316
PBT
-214
537
TAX EXPENSE
-46
238
179
445
474
TAX EXPENSE
-46
238
PAT
-168
299
753
740
842
PAT
-168
299
OTHER INCOME/EXP.
-12
6
3
12
-1
OTHER INCOME/EXP.
-12
6
INCOME (NET OF TAXES)
-180
304
756
753
840
INCOME (NET OF TAXES)
-180
304
OUTSTANDING SHARE
15
15
15
15
15
OUTSTANDING SHARE
15
15
EPS ( Rs/share)
-11.2
8.3
20.7
20.3
30.3
EPS ( Rs/share)
-11.2
8.3

Balance Sheet

(All Amount in INR Millions)

BALANCE SHEET
2022
2021
2020
2019
2018
BALANCE SHEET
2022
2021
CASH & CASH EQUIVALENT
59
404
129
292
417
CASH & CASH EQUIVALENT
59
404
NON CURRENT ASSET
5734
3304
3528
2498
2144
NON CURRENT ASSET
5734
3304
CURRENT ASSET
3771
3477
3811
3424
2977
CURRENT ASSET
3771
3477
TOTAL ASSET
9564
7185
7468
6215
5537
TOTAL ASSET
9564
7185
EQUITY SHARE CAPITAL
149
183
182
182
139
EQUITY SHARE CAPITAL
149
183
RESERVES
6069
4655
4479
3618
2992
RESERVES
6069
4655
TOTAL EQUITY
6218
4838
4661
3800
3131
TOTAL EQUITY
6218
4838
NON CURRENT LIABILITY
1318
1225
1236
855
800
NON CURRENT LIABILITY
1318
1225
CURRENT LIABILITY
2028
1122
1571
1559
1607
CURRENT LIABILITY
2028
1122
TOTAL LIABILITIES
3346
2347
2807
2414
2406
TOTAL LIABILITIES
3346
2347
TOTAL EQUITY & LIABILITY
9564
7185
7468
6215
5537
TOTAL EQUITY & LIABILITY
9564
7185

Cash Flow Summary

(All Amount in INR Millions)

CASH FLOW
2022
2021
2020
2019
2018
CASH FLOW
2022
2021
OPERATING ACTIVITY
378
947
1275
514
642
OPERATING ACTIVITY
378
947
INVESTING ACTIVITY
424
-377
-1236
-493
-536
INVESTING ACTIVITY
424
-377
FINANCING ACTIVITY
27
-295
-204
-145
15
FINANCING ACTIVITY
27
-295
NET CASH FLOW
829
275
-164
-124
121
NET CASH FLOW
829
275

Shareholders

Shareholders
Kurlon Ltd
Indian Business Excellence
Vistra ITCL India Ltd
Nitin Khot
Murtadha Sultan
%
84.6
6.4
3.6
0.5
0.3

Registered Address

Annual Reports

NEWS

vc
Mattress maker Wakefit kurlon rival pockets Series C funding at $380 mn valuation
39
Ikea facing mattress shortages amid post-lockdown demand spike- positive for kurlon enterprise limited
7
New CEO for Kurl-on
30
Global Mattress Market- Featuring Dabur India Ltd., Casper Sleep Inc., King Koil Licensing Co. Inc., Kingsdown Inc., Kurlon Enterprise Ltd., Among Others
Business Standard
Sheela Foam to buy rival mattress maker Kurlon for $241 million: Report
line
​Motilal Oswal PE invests Rs 90 cr in Kurlon Enterprise
Moneycontrol
Exclusive: Sheela Foam to buy Kurlon Enterprise for Rs 3,250 crores
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