Kurlon Enterprise Limited, known for its innovative sleep solutions and home comfort products, operates in the unlisted share market. Kurlon Enterprise Limited was established in 2011 and is headquartered in Mumbai. The company specializes in manufacturing coir mattresses and has a substantial market presence in India, serving both retail consumers and institutional clients like hotels.
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 783.67 | 795 | 859 | 820 |
| Cost of Material Consumed | 340.45 | 452 | 471 | 524 |
| Gross Margins | 56.56 | 43.14 | 45.17 | 36.1 |
| Change in Inventory | 13.2 | 4 | 16 | -1 |
| Employee Benefit Expenses | 65.39 | 74 | 70 | 79 |
| Other Expenses | 262.59 | 246 | 259 | 230 |
| EBITDA | 102.04 | 19 | 43 | -12 |
| OPM | 13.02 | 2.39 | 5.01 | -1.46 |
| Other Income | 8.93 | 14 | 8 | 12 |
| Finance Cost | 5.26 | 6 | 7 | 6 |
| D&A | 31.76 | 36 | 36 | 25 |
| EBIT | 70.28 | -17 | 7 | -37 |
| EBIT Margins | 8.97 | -2.14 | 0.81 | -4.51 |
| PBT | 53.73 | -9 | 8 | -55 |
| PBT Margins | 6.86 | -1.13 | 0.93 | -6.71 |
| Tax (2021) | 23.84 | -3 | -2 | -4 |
| PAT | 29.89 | -6 | 10 | -51 |
| NPM | 3.81 | -0.75 | 1.16 | -6.22 |
| EPS | 8.18 | -1.64 | 2.74 | -13.96 |
| Financial Ratios | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | 13.02 | 2.39 | 5.01 | -1.46 |
| Net Profit Margin | 3.81 | -0.75 | 1.16 | -6.22 |
| Earning Per Share (Diluted) | 8.18 | -1.64 | 2.74 | -13.96 |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 213.12 | 211 | 189 | 252 |
| CWIP | 7.19 | 4 | 1 | 0.55 |
| Investments | 111.31 | 107 | 16 | 10 |
| Trade Receivables | 49.29 | 56 | 55 | 69 |
| Inventory | 116.64 | 120 | 80 | 90 |
| Other Assets | 220.88 | 225 | 416 | 109.45 |
| Total Assets | 718.43 | 723 | 757 | 531 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 18.27 | 18.27 | 18.27 | 18.27 |
| FV | 5 | 5 | 5 | 5 |
| Reserves | 465.49 | 443 | 451 | 265 |
| Borrowings | 12.39 | 7.5 | 17 | 0.13 |
| Trade Payables | 93.14 | 120 | 113 | 119 |
| Other Liabilities | 129.14 | 134.23 | 157.73 | 128.6 |
| Total Liabilities | 718.43 | 723 | 757 | 531 |
| Cash-Flow Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| PBT | 53.73 | -9 | 8 | -55 |
| OPBWC | 133.32 | 33 | 57 | 25 |
| Change in Receivables | 15.05 | -7 | 0 | -15 |
| Change in Inventories | 6.24 | -3 | 40 | -10 |
| Change in Payables | -26.33 | 32 | -7 | 6 |
| Other Changes | 1.81 | 8 | -219 | 43 |
| Working Capital Change | -3.23 | 30 | -186 | 24 |
| Cash Generated From Operations | 130.09 | 63 | -129 | 49 |
| Tax | -11.57 | -15 | -8 | 3 |
| Cash Flow From Operations | 118.52 | 48 | -137 | 52 |
| Purchase of PPE | 0 | -23 | -6 | -63.5 |
| Sale of PPE | 1.49 | 1 | 13 | 5 |
| Cash Flow From Investment | -37.7 | -13 | 141 | -35 |
| Borrowing | -11.49 | -5 | 10 | -17 |
| Divided | -12.79 | -18 | -2 | -6.5 |
| Equity | 0 | 0 | 0 | 0 |
| Others From Financing | -5.25 | -13 | -13 | -15.5 |
| Cash Flow from Financing | -29.53 | -36 | -5 | -39 |
| Net Cash Generated | 51.29 | -1 | -1 | -22 |
| Cash at the Start | 12.89 | 6 | 5 | 3 |
| Cash at the End | 64.18 | 5 | 4 | -19 |
| Shareholding Pattern | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Kanara Consumer Products Limited (known as "Kurlon Limited:") | 84.67% | 84.60% | 88.47% | 0.19% |
| Indian Business Excellence Fund II A | 6.44% | 6.44% | 6.19% | 97.25% |
| Kurlon Trading and Invest Management Private Limited | - | - | - | - |
| Financial Institutions/Banks | - | - | - | - |
| Sheela Foam Limited( New Holding Company | - | - | - | - |
| Others | 8.89% | 8.96% | 5.34% | 2.56% |
