finstream consultancy llpfinstream.in/pdf/pre-ipos/kurlon-[enterprise-limited... · 2018-07-02 ·...

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Corp.Add.: 302/C, Angelina CHS, Corner of Old Police stn. Road & Sarojini Road, Vile Parle West,. Mumbai - 400 056. Regd.Add.:21, Vidya Villa Bldg.No.2, Old Nagardas Road, Andheri East, Mumbai - 400 069. Tel.: +91 22 2610 3600 / 3601 Web.: www.finstream.in Mail : info@finstream.in Finstream Consultancy LLP Kurlon Enterprise Limited (KEL) Kurlon Enterprise Limited (KEL) was incorporated in 2011. KEL is engaged in the business of manufacturing and trading of Rubberized coir, Latex Foam, Polyurethane foam, Pillows, Spring Mattresses, Furniture, Furnishing etc. KEL is a subsidiary of Kurlon Limited which holds 82.3 per cent in the company. KEL’s product range includes Mattresses (Rubberized Coir Mattresses, Foam Mattresses, Spring Mattresses, Health Mattresses), Foam Products (PU Foam Sheets, Peeled Foam, Bonded Foam), Furnishing (Cushions, Pillows, Bed Sheets, Bed Covers, Bath Linen), Furniture (Sofa, Living Room Furniture, Bed Room Furniture, Office Furniture) etc. The company sells these products under the brand name of ‘Kurl-on.’ The com- pany has 8 factories among which five are located in Bangalore (Karnataka) and other are located in Bhubaneshwar (Odis- ha), Roorkee (Uttarakhand), Jhagaida (Gujarat). The company has 7,000 dealers and 72 offices across 2,800 towns. Through its sales offices, the company has strong presence in pan India. Key Highlights Parent company - Kurlon Limited holds 82.31% stake in the company. Kurlon Limited was found in 1962 as Karnataka Coir Products Limited KEL is a part of famous Manipal Group which has diversified interest across education, e-commerce, financial services, manufacturing, software development etc. Kurl-on is a leader in mattress brands in India ICRA Limited has assigned rating of ICRA A+ for various facilities of KEL Motilal Oswal Group’s private equity fund holds 16.36% stake in the company through its growth capital fund i.e India Business Excellence Fund IIA and India business Excellence Fund II KEL currently has approximately 2.5 lakh sq. ft. retail spaces and has 700+ exclusive franchise outlets, 7000+ multi-brand outlets and 14 COCO (Company-Owned Company-Operated) model Home komforts stores with a pan-India presence KEL has 35% of market share with a sale of over 1.2 Million mattress a year Global Private Equity Funds like Carlyle, KKR, Blackstone, Bain, TA Associates and Warburg Pincus have been approached to buy controlling stake in Kurl-on Board of Directors Name Designaon Mr. T Sudhakar Pai Chairman and Managing Director Mrs. Jaya S Pai Non – Execuve Director Dr. Nin G Khot Independent Director Mr. S Ananthnarayanan Independent Director Mr. Amit Choudhary Independent Director Financial Performance Parculars (Rs. In Lakhs) Total Revenue Revenue Growth % Prot Before Tax (PBT) Prot Aer Tax (PAT) PAT Growth % Earnings per share (EPS) Basic (In Rs.) Diluted (In Rs.) 2015-16 84276.35 - - 6957.04 3686.88 17.86 17.46 2016-17 98116.79 16.42 9144.80 6079.03 64.88 27.04 26.49 Other Highlights Parculars (Rs. In Lakhs) Equity Capital Book Value Face Value (In Rs.) Dividend Promoters Share Holding 2017 1123.91 23585.55 104.92 5 50% 82.31 Book Valur Per Share

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Page 1: Finstream Consultancy LLPfinstream.in/pdf/pre-ipos/Kurlon-[Enterprise-Limited... · 2018-07-02 · ha), Roorkee (Uttarakhand), Jhagaida (Gujarat). The company has 7,000 dealers and

Corp.Add.: 302/C, Angelina CHS, Corner of Old Police stn. Road & Sarojini Road, Vile Parle West,. Mumbai - 400 056.Regd.Add.:21, Vidya Villa Bldg.No.2, Old Nagardas Road, Andheri East, Mumbai - 400 069.

Tel.: +91 22 2610 3600 / 3601 Web.: www.finstream.in Mail : [email protected]

Finstream Consultancy LLP

Kurlon Enterprise Limited (KEL)Kurlon Enterprise Limited (KEL) was incorporated in 2011. KEL is engaged in the business of manufacturing and trading of Rubberized coir, Latex Foam, Polyurethane foam, Pillows, Spring Mattresses, Furniture, Furnishing etc. KEL is a subsidiary of Kurlon Limited which holds 82.3 per cent in the company. KEL’s product range includes Mattresses (Rubberized Coir Mattresses, Foam Mattresses, Spring Mattresses, Health Mattresses), Foam Products (PU Foam Sheets, Peeled Foam, Bonded Foam), Furnishing (Cushions, Pillows, Bed Sheets, Bed Covers, Bath Linen), Furniture (Sofa, Living Room Furniture, Bed Room Furniture, O�ce Furniture) etc. The company sells these products under the brand name of ‘Kurl-on.’ The com-pany has 8 factories among which �ve are located in Bangalore (Karnataka) and other are located in Bhubaneshwar (Odis-ha), Roorkee (Uttarakhand), Jhagaida (Gujarat). The company has 7,000 dealers and 72 o�ces across 2,800 towns. Through its sales o�ces, the company has strong presence in pan India.

Key HighlightsParent company - Kurlon Limited holds 82.31% stake in the company. Kurlon Limited was found in 1962 as Karnataka Coir

Products Limited

KEL is a part of famous Manipal Group which has diversi�ed interest across education, e-commerce, �nancial services,

manufacturing, software development etc.

Kurl-on is a leader in mattress brands in India

ICRA Limited has assigned rating of ICRA A+ for various facilities of KEL

Motilal Oswal Group’s private equity fund holds 16.36% stake in the company through its growth capital fund i.e India

Business Excellence Fund IIA and India business Excellence Fund II

KEL currently has approximately 2.5 lakh sq. ft. retail spaces and has 700+ exclusive franchise outlets, 7000+ multi-brand

outlets and 14 COCO (Company-Owned Company-Operated) model Home komforts stores with a pan-India presence

KEL has 35% of market share with a sale of over 1.2 Million mattress a year

Global Private Equity Funds like Carlyle, KKR, Blackstone, Bain, TA Associates and Warburg Pincus have been approached to

buy controlling stake in Kurl-on

Board of Directors Name Designa�on Mr. T Sudhakar Pai Chairman and Managing Director Mrs. Jaya S Pai Non – Execu�ve Director Dr. Ni�n G Khot Independent Director Mr. S Ananthnarayanan Independent Director Mr. Amit Choudhary Independent Director

Financial PerformancePar�culars (Rs. In Lakhs) Total Revenue Revenue Growth % Profit Before Tax (PBT) Profit A�er Tax (PAT) PAT Growth % - Earnings per share (EPS) Basic (In Rs.)

Diluted (In Rs.)

2015-1684276.35

-

-

6957.043686.88

17.86

17.46

2016-1798116.79

16.429144.806079.03

64.8827.04

26.49

Other HighlightsPar�culars (Rs. In Lakhs) Equity Capital Book Value

Face Value (In Rs.) Dividend - Promoters Share Holding

20171123.91

23585.55104.92

550%

82.31

Book Valur Per Share