Kurlon Enterprise Limited Unlisted Share

Board of Directors

Background

The Company is a subsidiary of Kurlon Limited and is engaged in the business of manufacturing/ trading in diverse areas such as Rubberized coir, Latex Foam, Polyurethane foam, Bonded Foam, Pillows, Spring Mattresses, Furniture, Furnishings, Sofas etc.

Company Highlights

1) Kurlon has an established presence in the Indian mattress segment and currently is one of the largest organised players in the Indian mattress market.

2) The company has a strong network of over 7,000 dealers, which it intends to expand in order to broaden its geographic reach.

3) Kurlon Enterprise Limited (KEL) offers goods in a variety of mattress segments and pricing ranges, and the company is increasing its presence in the home furnishing and furniture markets.

4) KEL continues to maintain a strong financial profile marked by good profit margins and limited reliance on external debt, resulting in positive debt protection metrics.

5) KEL has a gearing of 0.76 times and a Total Debt/EBITDA ratio of 0.17 times as of March 31, 2020. Low debt outstanding is the result of efficient working capital management practices and moderate capital expenditure levels in line with internal accruals earned.

6) The company has been paying regular dividends for the past 5 years.

Registered Office

#1002/1006, The Avenue, International Airport Road, Opp.Hotel Leela, Andheri(East), Mumbai-400059

Financial Information for Last 3 Years (Rupees in Crore)

Annual Report of Kurlon Enterprise Limited Unlisted Shares

Kurlon Enterprise Limited Annual Report 2020

Kurlon Enterprises Limited Annual Report 2019