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 : [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