Kurlon Enterprises Limited
During a visit to Germany, Mr. Ramesh Pai discovered that high-end motor car seats were made of rubberized coconut-coir fibre manufactured from Sri Lankan base material. Mr. Pai knew that India was one of the largest producers of coconut in the world and so, Mr. Pai discovered there was a new business to be pioneered.
Charged with this thought, he returned home to start his journey of discovering how best he could take advantage of the coir husk produced by India. Mr. Pai found that coconut coir was being used only by the cottage industry to manufacture retted fabric, from here Mr. Pai’s idea took shape and became Karnataka Consumer Products Limited which was further known as Kurl-on. Mr. Pai brought in Austrian technology to extract the fibre from the husk and curl it into ropes.
Rather than restricting himself to mattresses he also developed an ancillary range of products such as cushions and mats. In 2004, it ventured beyond providing just a better sleep experience and extended its product range into the home comfort segment.
The company has evolved and now manufactures mattresses in 126 different configurations. Pan-India, they have partnered with a network comprising more than 10000 dealers, 72 branch and stock points, and 9 strategically located manufacturing facilities across Karnataka, Odisha, Madhya Pradesh, Uttaranchal, and Gujarat. With state-of-the-art technology, these factors continue to improve the standards in the mattress industry and serve the growing Indian population.
|66||33||Kurlon Enterprise Ltd||Kurlon Limited||30946755||0||2020-03-31|
|69||33||Kurlon Enterprise Ltd||Public||5434944||0||2020-03-31|
|67||33||Kurlon Enterprise Ltd||Mrs Jaya S Pai||347||0||2020-03-31|
|68||33||Kurlon Enterprise Ltd||Mr T Sudhakar pai||347||0||2020-03-31|
Revenue & Margins
Sources of funds
Application of funds
|Profit and Loss Account (₹ in Crores)||2020||2019||2018|
|Revenue from Operations||987.63||2173.63||1051.91||2141.45||1094.87||1965.31|
|Cost of Operations||524.14||1175.26||602.99||1262.53||588.88||1174.96|
|EPS (Basic) in ₹||20.78||39.83||18.5||27.41||30.23||27.41|
|EPS (Diluted) in ₹||20.3||39.83||18.07||27.41||29.83||27.41|
|Dividend Per Share (in ₹)||4||0||3||0||3||0|
|Balance Sheet (₹ in Crores)||2020||2019||2018|
|Long Term Borrowings||0||157.13||0||5.55||0||8.26|
|Short Term Borrowings||23.89||54.68||22.38||25||20.05||39.67|
|Cash Bank Balance||14.31||44.62||30.66||20.3||43.79||158.24|
|Cash Flow Statement (₹ in Crores)||2020||2019||2018|
|Cash flow from operating Activities||127.51||163.54||37.11||137.87||64.21||133.72|
|Cash flow from Investing Activities||-123.6||-294.55||-33.39||-245.68||-53.63||-80.07|
|Cash flow from Financing Activities||-20.35||158.28||-16.12||-27||1.52||-20.1|
|Price Multiples as on 2021-05-06||Kurlon||Sheela|
|Face Value Per Share||5||5|
|Dividend Yield||0.57 %||0 %|
|id||company_master_id||In The News||Date|
|18||33||New CEO for Kurl-on||2020-10-20|
|19||33||How this Rs 345 Cr Bengaluru business became one of Indias largest spring mattress brands||2020-08-13|
|20||33||Kurlon Expands Its Retail Footprints To One Million||2020-12-19|