VN Research & Consulting
 Like us on facebook  Follow us on twitter  Follow us on LinkedIn  IndiaNotes on Google Plus  IndiaNotes on Pinterest  IndiaNotes on Stumbleupon  Subscribe to our feeds

Stocks  A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
You are here : IndiaNotes >> Research & Analysis >> IPOs >> Sheela Foam IPO

Jainam Research remain 'Neutral' to Sheela Foam IPO

Jainam Research | 29 Nov, 2016  | Follow Author | Add to my Favourites 
  • Rate this article
    (Average Rating 0.0 Based on 0 ratings)

We at Jainam Wealth are “NEUTRAL” to the Sheela Foam Ltd IPO as we feel the upcoming 1-2 quarters can be impacted due to demonetization. On the fundamental ground it has ~20-23% market share of brand Sleepwell, pan-India sales & distribution network, improving Net profit margins from 2.75% in FY15 to 6.18% in FY16, robust financial with higher ROCE (%) is 38.78% in FY16 and 0.34x Total debt/Equity in FY16 but available at premium valuation of 34x P/E and 10.52x P/BV.

Price Band Rs.680 - 730. Issue open on 29th November and close to 01st December. Market Lot 20 Shares.

About Jainam Research

Jainam Research was incorporated in 2003 with the vision to be the most preferred organization providing all financial services across the country. The foundation is on "Value" Systems - "Value" addition to Corporate, Retails and HNI Individuals through superior Wealth Creation Practices.


For more information please write in to [email protected]

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.

Technical Calls

What are technical calls?

Other Articles

Have a question?

Rakesh Sethi
CEO of 3M Team Security Services - 3M Team Security Services