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Kurlon Enterprise Limited Unlisted Shares

Kurlon Enterprise Limited Unlisted Shares Description

Kurlon Enterprise Limited Unlisted Shares Details

KurlOn Enterprise was established in 1962 under the name “Karnataka Consumer Products Ltd” for manufacturing of Rubberized Coir, Polyurethane Foam, Latex, Spring Mattress, and foam along with Home Comfort Solutions like Bed Linens, Cushions, and pillows along with Designed Furniture. In 1965, Kurl-On introduced the concept of rubberized coir mattresses for the first time to India under the brand name “Kurl-On”. They used know-how from Austria.

Kurlon Limited (KL) is the holding company. It promoted a subsidiary company- Kurlon Enterprise Ltd (KEL). The KurlOn Limited holds more than 85% of the shares of Kurl-On Enterprise as of 31st March 2019. KEL is the operating company that is headquartered in Bengaluru. The unorganized sector for the Indian mattress market grew rapidly in the past five years with a CAGR of 17%.

The company manufactures mattresses in 126 different configurations. Kurlon has also partnered with a network of more than 10,000 dealers

Kurlon has acquired India’s license of US-based premium mattress company “Spring Air” and has 12 manufacturing units and 70 branch outlets.

Kurlon Enterprise is aiming to achieve a turnover of INR 2,000 crores which will greatly impact its share values.

Kurlon Enterprise Limited Unlisted Share Details

Company Name Kurlon Enterprise Ltd
Kurlon Unlisted share price see deals below
Face Value of Shares Rs 5/equity share
ISIN INE387W01025
Lot Size 50 shares

Management Details of Kurlon Enterprise Limited

Name Designation
Mr. T Sudhakar Pai Chairman & Managing Director
Mrs. Jaya S Pai Non-Executive Director
Dr. Nitin G Khot Non-Executive & Independent Director
Sri. S Ananthnarayanan Non-Executive & Independent Director
Mr. Vishal Tulsyan Non-Executive & Independent Director
Mr Shambhu Kumar Bhotika Chief Financial officer
Mr. Monu Kumar Company Secretary

Line of Business

The main line of business of KurlOn Retail company’s is of buying, importing, selling, exporting, promoting, transporting storing, marketing supplying, dealing, and trading in all type of goods including pillow, mattresses, and sofa. Kurlon manufactures and markets the entire range of home comfort solutions.

Brand Portfolio

Kurlon added new brands in FY19-20 to their portfolio. Some of them include Wedding Series Mattresses, Sleepspace sleep tracker, SUTA Mattresses, wedge Pillow, and HUDDLE Pouf Seat

Financial Highlights

  • Net Revenue from operations decreased from Rs. 103,189.32 Lakhs to Rs 95,904.19 Lakhs.
  • EPS increased to 20.3 in FY19-20 as compared to 18.1 in FY18-19
  • A dividend of Rs 1279.33 Lakhs was distributed, i.e. Rs 3.5 per equity share

Kurlon Enterprise Limited Performance

Kurl-On Enterprise (Consolidated) Fig. in Crores
Year 2016 2017 2018 2019 2020
Revenue 893.63 1034.14 1105.7 1063.87 995.56
EBITDA 86.53 106.84 149.93 139.91 135.85
PAT 36.86 60.79 83.93 66.04 75.58
Share Capital 20.638 11.237 13.882 18.191 18.191
FV 10 5 5 5 5
No. of Shares 2.06 2.24 2.77 3.64 5.6
EPS 17.86 27.05 30.23 18.1 20.3

Annual Report Kurlon Enterprise Limited  2020

Kurlon Enterprises Limited Latest News

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Kurlon Enterprises Company Address

Shop No NB 01, Basement Floor, Manipal Centre,
Dickenson Road, Bengaluru, Karnataka 560042

Disclaimer: The above information is only for educational purposes and should not be taken as a recommendation to buy or sell.
While reasonable endeavors have been made to present reliable data so far as it relates to current and historical information, but we do not guarantee the accuracy or completeness of the said data or information. Please consult your financial advisor before buying or selling any unlisted shares.

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