Kurlon Enterprises Unlisted Share
Kurlon Enterprises Ltd
INE387W01025
Listing Status: DRHP Not Filed
About Kurlon Enterprises Unlisted Share
Overview of Kurlon Enterprises Unlisted Share
Kurlon is the Mattress of India. Every minute, about 5 homes in India buy a Kurlon Mattress. Kurlon has geographical presence across all cities in India and is possibly the only Company reaching consumers directly through various channels such as Exclusive counters (Company owned Company Operated Stores (COCO) and Franchisees), Multi Brand Outlets, Large format retail outlets, etc to millions of consumers every year and the numbers are growing.
The company has evolved and now manufactures mattresses in 126 different configurations. Pan-India, and have partnered with a network comprising more than 10000 dealers, 72 branch and stock points, and 12 strategically located manufacturing facilities across Karnataka, Orissa, 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. The Online segment is a key focus for the Company. With COVID 19 pandemic, this segment has attained great significance and its potential has multiplied. Kurlon is targeting this segment through its own website, Kurlon.com as well as through e-marketplace partners.
Customer Experience continues to be another focus area and in order to continue improving the customer experience, Kurlon has increased its COCO retail outlets, housed under its wholly owned subsidiary M/s Kurlon Retail Ltd, to 93 during the year. These COCO stores are expected to contribute significantly to its growth in the coming years.
The Company’s distribution network and brand name is well suited for marketing its product. Mattress requires high consultative selling; the dealer has a very high influence on converting the customer to our brand. By reaching out to such dealers, training them on the features of each of the mattress, creating a high quality speak about the product & improving the customer experience, we target upgrading the customer to better products from the Company’s stable and increasing their satisfaction. Company has also taken several measures to sensitise its distribution network partners about the dangers from COVID 19, keep in regular contact with them, extend help as necessary to ensure the health and safety of all its partners.
Insights of Kurlon Enterprises Unlisted Share
During the current year, Revenues from operation of the Company, on standalone basis, decreased from 103,189.32Lakhs to 95,904.19 Lakhs.The decreases in revenue from operations are due to impact of COVID-19 during February/March’20 and the subsequent lockdown during the last week of March’20. However, Profit after Tax for the current year increased by 11.67% to 8,369.43 Lakhs from 7,494.69 Lakhs (Before Other Comprehensive Income) and increased by 10.30% to 8,403.59 Lakhs from 7,618.87 Lakhs (After Other Comprehensive Income). From April 1, 2019 onwards, the Company has opted to pay income taxes under the concessional tax regime as prescribed under Section 115BAA of the Income Tax Act, 1961. Accordingly, Current tax Liability for the year ended March 31, 2020 has been determined and recognized at the concessional rate. The impact arising from restating the deferred tax balances at the reduced rate has been recognized during the year.
On a Consolidated basis, Net Revenue from operations decreased to 98,763.14 Lakhs from 105,191.40 Lakhs. On a consolidated basis Net Profit after Tax increased by 13.92% to 7,524.53 Lakhs from 6,604.94 Lakhs last year (Before Other Comprehensive Income) and increased by 12.33% to 7,558.68 Lakhs from 6,729.12 Lakhs (After Other Comprehensive Income).
The Company has established itself as the top mattress producer / seller in the Country with the brand Kurlon being a Superbrand.
• COVID - 19 pandemic has adversely affected the economy. To support the Economy, the Government of India has rolled out policy stimulus equivalent to INR 20 trillion. It is expected that by end of the year the Indian economy would be back on track.
• With Work From Home expected to be the new normal and more people spending greater time at home, it is expected that the demand for the products used at home would go up specially in the Mattress and furniture space
• Online segment is expected to experience significant growth due to thrust on online mode of purchasing by customers
• The company has acquired the licensee rights of Spring Air and Englander brands which are premium luxury brands in
the global market which would improve the penetration in the luxury segment of the Company
• The Industry is largely unorganized and with greater awareness and higher income levels, the market share of the organized players would eventually go up
• In the current challenging scenario, your Company foresees a good opportunity for growth and off take of its products owing to its strong manufacturing base, established marketing & logistics infrastructure, & strong financials.
Kanara Consumer Products Limited sold it's 94.66% stake in Kurl-on Enterprise to Sheela Foam's for a consideration of 2035 crore. Sheela Foam, which sells the "Sleepwell" brand of mattresses, is the only listed mattress maker in the country. The Ghaziabad-based company has a 25% market share in the sector
Financial Charts of Kurlon Enterprises Unlisted Share
Balance Sheet of Kurlon Enterprises Unlisted Share
Profit and Loss of Kurlon Enterprises Unlisted Share
Ancillary of Kurlon Enterprises Unlisted Share
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Kurlon Enterprises Unlisted Share
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How to buy Kurlon Enterprises Ltd?
Below are three ways through which you can purchase Kurlon Enterprises Ltd:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Kurlon Enterprises Ltd, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Kurlon Enterprises Ltd?
Below are three ways through which you can sell Kurlon Enterprises Ltd:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Kurlon Enterprises Ltd, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Kurlon Enterprises Ltd?
We provide a two way quote on all the shares we deal in. Your buy price for Kurlon Enterprises Ltd is ₹499 and your sell price for Kurlon Enterprises Ltd is ₹425. The price is based on our estimates and market conditions.
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What is the lock-in period of Kurlon Enterprises Ltd?
The lock-in period for Kurlon Enterprises Ltd varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Kurlon Enterprises Ltd
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Kurlon Enterprises Ltd
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Kurlon Enterprises Ltd price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Kurlon Enterprises Ltd. The price is also determined from the most recent funding round for Kurlon Enterprises Ltd. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Kurlon Enterprises Ltd?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Kurlon Enterprises Ltd with us kindly click here.
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What are the financials of Kurlon Enterprises Ltd?
The financials of Kurlon Enterprises Ltd which includes the P/L of Kurlon Enterprises Ltd and the Balance Sheet of Kurlon Enterprises Ltd is in the financials section (Click on link).
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Where can I find the annual report of Kurlon Enterprises Ltd?
The annual report of Kurlon Enterprises Ltd is available in the annual report section (Click on link).
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Is buying Kurlon Enterprises Ltd legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Kurlon Enterprises Ltd?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Kurlon Enterprises Ltd and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Kurlon Enterprises Ltd once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Kurlon Enterprises Ltd?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Kurlon Enterprises Ltd from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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Kurlon Enterprises Annual Report 2022-2023
Kurlon Enterprises Annual Report 2021-2022
Kurlon Enterprises Annual Report 2020-2021
Kurlon Enterprises Annual Report 2019-2020
Company Information of Kurlon Enterprises Unlisted Share
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