(i) Kurl-on Limited(KL), is the holding company, which promoted a subsidiary company in the name and style of Kurl-on Enterprise Ltd(KEL). As on 31.03.2019, the Kurl-On Limited holds 85.06% shares in Kurl-On Enterprise.
(ii) In the year 2011, consequent upon the Business Transfer Agreement between Kurl-on Limited and Kurl-On Enterprise, 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( KEL) effective 1st April 2014.
This means the main business of the mattress is with Kurl-ON Enterprise now.
(iii) Headquartered in Bengaluru, KEL is now the operating company. Both the companies are closely held, an unlisted public Ltd.
(iv) Kurl-On Enterprise has one wholly-owned subsidiary i.e. Kurl-on Retail. Kurlon Retail Limited was incorporated under the name and style of Kurlon Mattress Private Limited on 31.08.2012. The Company commenced its commercial operation during 2012. The name of the Company was changed to Kurlon Retail Pvt Ltd on 01.02.2018 and subsequently to Kurlon Retail Ltd wef 16.05.2018.
The main object of the Kurl-On Retail company is to carry on the business of buying, selling, importing, exporting, transporting storing, promoting, marketing supplying, trading and dealing in all type of goods including mattresses, pillow, sofa, and furniture on retail as well as whole sell basis in India or elsewhere.
| Total Available Shares: | 500 |
| Face Value: | ₹ 5 Per Equity Share |
| ISIN: | INE679A01013 |
| Lot Size: | 50 Shares |
| Current Unlisted Share Price: | ₹ Best in industry Per Equity Share |
| Retail Discount: | Bulk Deal (1%) |
| Kurl-On Enterprise (Standalone) Fig. in Cr | |||||||
| Year | Revenue | EBITDA | PAT | Share Capital | FV | No. of Shares | EPS |
| 2016 | 893.63 | 86.53 | 36.86 | 20.638 | 10 | 2.06 | 17.86 |
| 2017 | 1034.14 | 106.84 | 60.79 | 11.237 | 5 | 2.24 | 27.05 |
| 2018 | 1105.7 | 149.93 | 83.93 | 13.882 | 5 | 2.77 | 30.23 |
| 2019 | 1123.67 | 150.34 | 84.15 | 18.191 | 5 | 3.64 | 23.13 |
| Kurl-on Retail (Standalone)- Fig. in Lakh | |||||||
| Year | Revenue | EBITDA | PAT | Share Capital | FV | Shares | EPS |
| 2018 | 607 | 12 | 0.96 | 1 | 10 | 0.1 | 9.6 |
| 2019 | 2011 | -693 | -759 | 760 | 10 | 76.00 | -9.99 |
| Consolidated( Fig. in Cr ) | |||||||
| Year | Revenue | EBITDA | PAT | Share Capital | FV | No. of Shares | EPS |
| 2018 | 1120.62 | 150.07 | 84.15 | 13.88 | 5 | 2.77 | 30.38 |
| 2019 | 1124.21 | 142.12 | 74.01 | 18.19 | 5 | 3.64 | 20.34 |
| Name of the Company | Revenue(Cr) | PAT(Cr) | EPS | P/E | ROCE |
| Sheela Foam | 2170 | 133 | 27 | 38 | 27.7% |
| Kurl-On Enterprise | 1124 | 74 | 23 | 36 | 26% |
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girin rathva
Kurl-On Enterprise is currently available at Rs.650 per share.
The EPS of 2018-19, was 23. The P/E 28.
As on 22.05.2020, its peer Sheela Foam is available at P/E of 34.
Mcap of Sheela Foam = 6727 Cr
Mcap of Kurl-on Enterprise = 2300 Cr
That means Kurl-On Enterprise is available at half of the valuation of Sheela foam.
Shivangi Bhatia
Please provide commercial details of Kurlon Enterprise on my mail ID
Market Wizard
Which share to buy Kurl-On Limited or Kurl-On Enterprise?? If you too have the confusion then please go through the link below.
https://unlistedzone.com/know-how-of-kurl-on-business-10092019/
Surendra
Is it right to buy kel ?
Or kl ?
Market Wizard
It is better to go for Kurl-on Enterprise as the whole business is with them. Kurl On is only the holding company.
Rajashekar Raghavan
Are shares available?
Market Wizard
Yes. Please contact Mr. Dinesh Gupta at 08010009625.
Market Wizard
Eyeing Rs 2k cr in revenue, Kurl-on says the partnership with IKEA will prove beneficial
http://www.ecoti.in/aI_-7Y
sunder
I would like to buy KEL. Can you let me know the process, details & commercials on my e-mail?
Jitendra
Yes I have can ping me.