Kurlon Enterprise Limited
Growing Revenues
Industry Leader
High Dividend Yield
+ 1 more
Industry Indicative Pricing
Not Available as on 6 Oct, 2022
Financials
| All items in INR unless specified | FY17 | FY18 | FY19 | FY20 | FY21 |
|---|---|---|---|---|---|
| Equity And Liabilities | 436.28 | 552.48 | 661.01 | 729.05 | 706.53 |
| Shareholder’s Funds | 235.84 | 313.07 | 413.41 | 484.29 | 509.24 |
| Share Capital | 11.24 | 13.89 | 18.19 | 18.19 | 18.28 |
| Reserve sAnd Surplus | 224.60 | 299.18 | 395.22 | 466.10 | 490.96 |
| Money Received against SW | - | - | - | - | - |
| Minority Interest | - | - | - | - | - |
| Application Money Pending Allotment | - | - | - | - | - |
| Non current Liabilities | 69.86 | 79.96 | 87.45 | 84.77 | 87.90 |
| Long Term Borrowings | - | - | - | - | - |
| Long Term Provisions | 5.17 | 4.09 | 4.09 | 4.09 | 6.56 |
| Deferred Ta xLiabilities Net | 14.70 | 19.48 | 22.42 | 16.09 | 23.84 |
| Other Long Term Liabilities | 50.00 | 56.38 | 60.94 | 64.58 | 57.50 |
| FCMITDA Liability Account | - | - | - | - | - |
| Current Liabilities | 130.59 | 159.45 | 160.14 | 159.99 | 109.39 |
| Short Term Borrowings | 4.30 | 15.03 | 22.38 | 23.89 | 11.87 |
| Trade Payables | 99.89 | 118.78 | 123.94 | 123.64 | 91.35 |
| Other Current Liabilities | 23.38 | 21.55 | 9.72 | 8.37 | 4.74 |
| Short Term Provisions | 3.02 | 4.09 | 4.09 | 4.09 | 1.43 |
| Assets | 436.28 | 552.48 | 661.01 | 729.05 | 706.53 |
| Non current Assets | 179.97 | 212.29 | 273.85 | 320.11 | 325.65 |
| Fixed Assets | 161.45 | 190.52 | 225.18 | 266.95 | 251.41 |
| Tangible Assets | 151.92 | 179.11 | 175.06 | 234.74 | 219.39 |
| Intangible Assets | 5.65 | 5.54 | 27.36 | 26.42 | 25.01 |
| Tangible Assets CWIP | 3.88 | 5.87 | 22.76 | 5.78 | 7.01 |
| Intangibles Under Development or WIP | - | - | - | - | - |
| Pre producing Properties | - | - | - | - | - |
| Producing Properties | - | - | - | - | - |
| Non current Investments | - | 0.01 | 7.60 | 17.62 | 17.86 |
| Deferred Tax AssetsNet | - | - | - | - | - |
| Long Term Loans And Advances | 18.52 | 21.76 | 36.69 | 15.10 | 43.49 |
| Deferred Government Grants | - | - | - | - | - |
| FCMITDA Asset Account | - | - | - | - | - |
| Other Non CurrentAssets | - | - | 4.38 | 20.44 | 12.89 |
| CurrentAssets | 256.31 | 340.18 | 387.15 | 408.94 | 380.88 |
| Current Investments | 3.17 | 18.90 | 37.27 | 114.76 | 111.32 |
| Inventories | 86.22 | 96.79 | 109.14 | 116.76 | 111.05 |
| Trade Receivables | 81.48 | 119.85 | 119.45 | 67.80 | 49.24 |
| Cash And BankBalances | 31.49 | 43.20 | 30.10 | 13.88 | 41.29 |
| Short Term Loans And Advances | 45.24 | 60.26 | 90.63 | - | - |
| Other Current Assets | 8.71 | 1.20 | 0.57 | 95.75 | 67.99 |
| All items in INR unless specified | FY17 | FY18 | FY19 | FY20 | FY21 |
|---|---|---|---|---|---|
| Revenue | 1038.76 | 1118.14 | 1046.63 | 968.03 | 777.44 |
| RevenueFromOperations | 1034.15 | 1105.70 | 1120.88 | 959.04 | 768.51 |
| RevenueFromSaleOfProducts | 1028.57 | 1096.84 | 1120.88 | 943.84 | 757.83 |
| RevenueFromSaleOfServices | - | - | - | - | - |
| OtherOperatingRevenues | 5.58 | 8.86 | - | 15.20 | 10.68 |
| OtherIncome | 4.62 | 12.44 | -74.25 | 8.99 | 8.93 |
| ServiceTaxCollected | - | - | - | - | - |
| OtherDutiesTaxesCollected | - | - | - | - | - |
| PurchasesOfStockInTrade | 111.56 | 137.89 | 152.45 | 110.32 | 74.17 |
| CostOfMaterialsConsumed | 433.53 | 459.91 | 443.83 | 398.10 | 340.56 |
| Changes In Inventories Of FG, WIP And SIT | -10.81 | -9.61 | -9.09 | -7.24 | 12.66 |
| ExciseDuty | 57.35 | - | - | - | - |
| EmployeeBenefitExpense | 52.62 | 61.37 | 68.81 | 76.76 | 60.54 |
| FinanceCosts | 3.76 | 4.05 | 5.81 | 5.77 | 2.30 |
| Depreciation And Amortisation Expense | 12.11 | 14.35 | 18.56 | 26.10 | 24.78 |
| OtherExpenses | 345.02 | 318.65 | 242.50 | 256.80 | 181.08 |
| PBT before Extraordinary Item | 90.97 | 131.54 | 123.77 | 101.43 | 61.16 |
| ExceptionalItemsBeforeTax | - | - | - | - | -20.19 |
| ExtraordinaryItemsBeforeTax | - | - | - | - | - |
| ProfitBeforeTax | 90.97 | 131.54 | 123.77 | 101.43 | 61.16 |
| CurrentTax | 28.50 | 42.61 | 27.42 | 24.06 | 16.22 |
| DeferredTax | 1.99 | 4.78 | 21.40 | -6.33 | 7.74 |
| TaxExpense | 30.49 | 47.39 | 48.82 | 17.73 | 23.96 |
| PAT from Continuing Operation | 60.48 | 84.14 | 74.95 | 83.69 | 37.20 |
| PBT from Discontinuing Operation | - | - | - | - | - |
| Tax Of Discontinuing Operations | - | - | - | - | - |
| Profit Loss From Discontinuing Operation After Tax | - | - | - | - | - |
| ProfitLossForPeriod | 60.48 | 84.14 | 74.95 | 83.69 | 37.20 |
| BasicEarningPerEquityShare | - | - | - | - | - |
| DilutedEarningsPerEquityShare | - | - | - | - | - |
| All items in INR unless specified | FY17 | FY18 | FY19 | FY20 | FY21 |
|---|---|---|---|---|---|
| PBT before Extraordinary Item | 90.97 | 131.54 | 123.77 | 101.43 | 61.16 |
| Adjustments For Depreciation And Amortisation Expense | 12.11 | 14.35 | 18.56 | 26.10 | 24.78 |
| Adjustments For Finance Costs | 3.76 | 4.05 | -5.81 | 5.77 | 2.30 |
| Dividends Received Classified As Operating Activities | - | - | - | - | - |
| Interest Paid Classified As Operating Activities | 1.56 | - | - | - | - |
| Interest Received Classified As Operating Activities | -0.16 | - | - | -1.83 | -2.51 |
| Adjustments For Impairment Loss Reversal | - | - | - | - | - |
| Adjustments For Unrealised Foreign Exchange Losses Gains | -0.88 | 0.13 | 0.01 | - | - |
| Adjustments For Dividend Income | 1.56 | 0.07 | 3.12 | 2.93 | - |
| Adjustments For Share based Payments | - | - | - | - | - |
| Proceeds From Operating Extraordinary Items | - | - | - | - | - |
| Payment For Operating Extraordinary Items | - | - | - | - | - |
| Other Items classified as Operating Activities | - | - | -4.76 | 4.73 | 25.62 |
| Other Adjustments For Investing Or Financing Items | - | - | - | - | - |
| Other Adjustments For Non-cash Items | - | - | -1.01 | -0.07 | - |
| Other Adjustments To Reconcile Profit Loss | 0.99 | -5.62 | -0.71 | -2.93 | -4.59 |
| Total Adjustments To Profit Loss | -34.62 | -34.69 | -16.12 | 54.13 | 12.44 |
| Share of P&L from FIRM/AOP/LLP | - | - | - | - | - |
| Total Adjustments For Reconcile Profit/Loss | -34.62 | -34.69 | -16.12 | 54.13 | 12.44 |
| Adjustments For Decrease Increase In Inventories | -17.20 | -10.57 | 12.35 | -7.62 | 5.71 |
| Adjustments For Decrease Increase In Trade Receivables | -16.44 | -38.92 | 1.12 | 45.95 | 16.04 |
| Adjustments For Decrease Increase In Other Current Assets | -4.35 | -21.11 | -26.98 | -4.09 | 30.78 |
| Adjustments For Increase Decrease In Trade Payables | 15.79 | 24.32 | -5.15 | -0.30 | -32.29 |
| Adjustments For Change In Other CL | -0.19 | -11.47 | 9.70 | -7.45 | 0.75 |
| Adjustments For Provisions | 4.64 | -0.00 | -0.10 | - | -0.20 |
| Total Adjustments For Working Capital | -49.54 | - | - | - | - |
| Taxes Paid Classified As Operating Activities | 26.64 | 34.68 | 49.06 | 31.15 | 11.54 |
| Net CashFlows From Used In Operating Activities | 29.70 | 62.17 | 53.84 | 127.30 | 85.16 |
| Cash Flows From Losing Control of Subsidiaries | - | - | - | - | - |
| Cash Flows Used In Obtaining Control of Subsidiaries | - | - | - | - | - |
| Other Receipts From Sales Of Financial Instruments | - | - | - | - | - |
| Other Payments to Acquire Financial Instruments | - | - | - | - | - |
| Other Receipts From Sales Of Interests In JV | - | - | - | - | - |
| Other Payments to Acquire Interests In JV | - | - | - | - | - |
| Receipt from Share of P&L from FIRM/AOP/LLP | - | - | - | - | - |
| Payment For Investment in FIRM/AOP/LLP | - | - | - | - | - |
| Proceeds From Sales Of Tangible Assets | -23.17 | -43.29 | 0.12 | 0.47 | 1.50 |
| Purchase Of Tangible Assets | - | - | - | - | - |
| Proceeds From Sales Of Intangible Assets | - | - | - | - | - |
| Purchase Of Intangible Assets | - | - | - | - | - |
| Advances And Loans Made To Other Parties | - | - | - | - | - |
| Receipt from Repayment Of Advances And Loans | - | - | - | - | - |
| Cash Payments For Future/options Contracts | - | - | - | - | - |
| Cash Receipts From Future/Options Contracts | - | - | - | - | - |
| Dividends Received/Classified As Investing Activities | 1.56 | 0.07 | 0.32 | 2.93 | 4.59 |
| Interest Received/Classified As Investing Activities | 0.16 | 0.55 | 4.30 | 1.83 | 2.51 |
| Taxes Paid/Classified As Investing Activities | - | - | - | - | - |
| Other Cash Flows Classified As Investing Activities | 0.42 | 6.16 | -38.09 | -131.42 | -39.31 |
| Proceeds From Government Grants as Investing Activities | - | - | - | - | - |
| Proceeds From Investing Extraordinary Items | - | - | - | - | - |
| Payment For Investing Extraordinary Items | - | - | - | - | - |
| Net Cash Flows From Used In Investing Activities | -20.86 | -52.07 | -59.31 | -126.19 | -30.71 |
| Proceeds From Issuing Shares | - | - | - | - | - |
| Proceeds From Issuing Other Equity Instruments | - | - | - | - | - |
| Proceeds From Issuing Debentures Notes Bonds Etc | - | - | - | - | - |
| Proceeds From Borrowings | 3.07 | 11.20 | - | 1.51 | -12.02 |
| Repayments Of Borrowings | 0.11 | - | -7.35 | -1.51 | - |
| Dividends Paid Classified As Financing Activities | 4.11 | 5.62 | 6.93 | 10.91 | 12.79 |
| Interest Paid Classified As Financing Activities | 2.81 | 2.80 | 5.85 | 5.77 | 2.30 |
| Taxes Paid Classified As Financing Activities | - | 1.14 | 1.41 | 2.24 | - |
| Other Cash Flows Classified As Financing Activities | -0.84 | -1.14 | - | - | - |
| Proceeds From Financial Extraordinary Items | - | - | - | - | - |
| Payment For Financial Extraordinary Items | - | - | - | - | - |
| Net Cash Flows From Used In Financing Activities | -4.80 | 1.64 | -6.84 | -17.42 | -27.11 |
| Net Change Before Effect Of Exchange Rate | 4.04 | 11.74 | -12.31 | -16.31 | 27.34 |
| Effect Of Exchange Rate Changes | - | - | - | - | - |
| Net Increase Decrease In Cash And Cash Equivalents | 4.04 | 11.74 | -12.31 | -16.31 | 27.34 |
| Cash And Cash Equivalents Cash Flow Statement | 29.35 | 41.09 | 28.78 | 12.47 | 39.81 |
| Bank Overdrafts Classified As Cash Equivalents | - | - | - | - | - |
| Other Differences To Cash And Cash Equivalents | - | - | - | - | - |
| Total Cash And Cash Equivalents | 29.35 | 41.09 | 28.78 | 12.47 | 39.81 |
| All items in INR unless specified | FY17 | FY18 | FY19 | FY20 | FY21 |
|---|---|---|---|---|---|
| EBIT Growth | 1034149500000 | - | - | 7.12 | 768514100000 |
| PAT Margin | 6.16 | 7.53 | 7.16 | 8.65 | 4.78 |
| EBDITA Margin | 10.47 | 12.30 | 21.25 | 19.90 | 12.80 |
| EBDITA Growth | - | - | - | 54.97 | - |
| EPS Growth | 2704.00 | - | - | - | 1033.00 |
| Return On Equity | 25.64 | 26.88 | 18.13 | 17.28 | 7.30 |
| ROCE | 30.99 | 34.50 | 25.87 | 18.84 | 10.63 |
| Operating Cash Margin | 2.87 | 5.62 | 4.80 | 12.39 | 11.08 |
| Interest Coverage | 25.32 | 33.51 | 22.32 | 18.58 | 36.38 |
| Debt Equity Ratio | - | - | - | - | - |
| Current Ratio | 1.96 | 2.13 | 2.42 | 2.56 | 3.48 |
| Leverage TOLTNW | 0.87 | 0.78 | 0.64 | 0.53 | 0.41 |
| Asset Turnover Ratio | 4.50 | 2.02 | 1.58 | 1.33 | 2.20 |
| Inventory T/O Ratio | 12.39 | 6.08 | 5.38 | 4.29 | 7.70 |
| WC T/O Ratio | 15.61 | 6.19 | 4.61 | 3.89 | 5.73 |
| Trade Payable Days | 34.12 | 73.71 | 77.04 | 89.80 | 39.01 |
| Debtors O/S Days | 14.38 | 39.56 | 38.90 | 24.02 | 11.69 |
| Inventory Holding Days | 29.45 | 60.06 | 67.84 | 84.80 | 47.42 |
| Cash Conversion Cycle | 9.71 | 25.92 | 29.69 | 19.02 | 69.82 |
| Cash Generating Power | 7.35 | 5.30 | -4.37 | -7.80 | 3.11 |
| FreeCashFlow% | 100.00 | 74.69 | 51.78 | 31.26 | 100 |
| Capex Coverage Ratio | 297032000 | 3.95 | 2.07 | 1.45 | - |
| STL Coverage Ratio | 6.90 | 4.14 | 2.41 | 5.33 | 7.17 |
About Kurlon Enterprise Limited
Kurlon Enterprise Limited is incorporated in 2011. Kurlon is an innovator of Rubberized Coir mattresses in India and also one of the oldest mattress companies in India which offers a wide range of home comfort solutions ranging from mattresses (RC mattress, spring mattress & foam mattress), polyurethane foam, home furniture & furnishing products under the brand name BULLET-POINTKurl-onBULLET-POINT for retail as well as institutional customers such as Hotels, Hospitals, and Hostels who prefer premium and high quality branded mattresses with flame retardant, anti-bacterial fabrics.
Kurlon Limited is the holding company, which promoted a subsidiary company in the name and style of Kurlon Enterprise Ltd. (KEL) in the year 2011. Consequent to the Business Transfer Agreement between KL and its subsidiary, the business of Rubberized Coir, Latex Foam, Polyurethane Foam, Pillows, Spring Mattresses, Furniture, Furnishing, and related products were transferred to the subsidiary company effective 1st April 2014. The company has its headquarters in Bengaluru, India. Both Companies are closely held unlisted public Ltd Companies. Currently, the Company exports its products to Asian countries like Sri Lanka and Nepal. The company is equipped with the latest technology. The company has more than 4000 counters, 50+ warehouses, and 12 manufacturing facilities across India as of March 2022, majorly concentrated in Karnataka, Odisha, MP, Uttrakhand, and Gujarat. They have been awarded the BULLET-POINTCoir Board of IndiaBULLET-POINTs awardBULLET-POINT for their performance in rubberized coir items. The company has 8 subsidiaries as on March 2022. The company doesnBULLET-POINTt have any joint associates or joint Ventures. Its subsidiaries are Kurlon Retail Limited, Komfort Universe Products and Services Limited, Belvedere International Limited, Starship Value Chain and Manufacturing (P) Limited, Kanvas Concepts Private Limited, Sirar Solar Energies (P) Ltd, Sevalal Solar (P) Ltd, and Sirar Dhotre Solar (P) Ltd. The promoters have 84.60 % shareholding in the company.
- The company has 3 verticals in home furnishing which are Mattresses, Sofas & Furniture, and PU Foam.
- The company has started to work on the online segment after the hit of the pandemic worldwide. They are selling their products online through their website www.kurlon.com.
- Kurlon Mattress of India
- It is designed after endless research and technological innovations. It is designed for proper comfort and coziness.
- Home Komforts
- It is a perfect amalgamation of style and luxury. Pillows and all other bedding-related accessories come into this section.
- Kurlopillo
- It is an extra soft and plush category of the Kurlon product range.
- Activ segment
- Special Ortho Mattress
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