KURLON Enterprise Limited Unlisted Shares

Kurl-on Limited is the holding company, which promoted a subsidiary company in the name and style of Kurl-on Enterprise Ltd.

Kurl-on Enterprise Ltd (KEL) in the year 2011. Consequent upon the Business Transfer Agreement between KL and its subsidiary, the business of Rubberized Coir, Latex Foam, Polyurethane Foam, Pillows, Spring Mattresses, Furniture, Furnishing, sofa, and entire home comforts and related products were transferred to the subsidiary company effective 1st April 2014.

Headquartered in Bengaluru, KEL is now the operating company. Both the companies are closely held, an unlisted public Ltd.

KURLON Enterprise Limited Unlisted Shares Details:

Total Available Shares:	500
Face Value:	₹ 5 Per Equity Share
Lot Size:	50 Shares
Current Unlisted Share Price:	₹ 905 Per Equity Share
Retail Discount:	Bulk Deal (1%)

Financials of KURLON Enterprise Limited Unlisted Shares:

Year	Revenue(Cr)	EBITDA	PAT(Cr)	Share Capital(Cr)	FV	No. of Shares	EPS
2016	893.63	86.53	36.86	20.63829787	10	2.06	17.86
2017	1034.14	106.84	60.79	11.23659889	5	2.24	27.05
2018	1105.7	149.93	83.93	13.88190539	5	2.77	30.23

1. KEL has sub-divided equity shares of 10/- each into 2 (Two) equity shares of 5/- each fully in its Extra Ordinary General Meeting held on 23.02.2017. 2. KEL has issued 53,09,120 bonus shares on 04.12.2017. So paid-up capital has increased from ~2.24 Cr to ~2.77 Cr in FY18. 3. The EPS for the Year 2017-18 stands at 30.23. 4. KEL has again issued 85,95,013 bonus shares with record date on 03.10.2018.

Comparison With Peers:

Name of the Company	Revenue(Cr)	PAT(Cr)	EPS	P/E	ROE
Sheela Foam	1682	125	25.82	54	22%
Kurl-On Enterprise	1105	83.93	30.23	NA	26.80%
Kurl-On Limited	1108	85.71	57.6	NA	19.20%

Research Report by UnlistedZone

Discussion on KURLON Enterprise Limited Unlisted Shares:

Eyeing Rs 2k cr in revenue, Kurl-on says the partnership with IKEA will prove beneficial
http://www.ecoti.in/aI_-7Y

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