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|
|Lot Size||50 shares|
Management Details of Kurlon Enterprise Limited
|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.
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
- 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|
|No. of Shares||2.06||2.24||2.77||3.64||5.6|
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