Financial Performance Highlights

H1 FY27 Financial Results (in ₹ lakhs)

  • Revenue From Operations: ₹5,733.56 (51.4% YoY growth)
  • Other Income: ₹26.12
  • Total Income: ₹5,759.68
  • Cost Of Material Consumed: ₹3,932.98
  • Employee Benefits Expense: ₹182.77
  • Finance Costs: ₹15.14
  • Depreciation And Amortization Expense: ₹34.83
  • Other Expenses: ₹848.92
  • Total Expenditure: ₹5,014.64
  • Profit Before Tax: ₹745.04
  • Tax: ₹129.23
  • PAT: ₹615.81 (92.8% YoY growth)

Comparative Financial Performance

| Particulars | H1 FY27 | FY26 | FY25 |

| Revenue From Operations | 5,733.56 | 9,231.92 | 8,114.82 |

| PAT | 615.81 | 865.06 | 358.19 |

Cash Flow Statement (in ₹ lakhs)

  • Cash Flow From Operating Activities: (405.90)
  • Cash Flow From Investing Activities: (39.54)
  • Cash Flow From Financing Activities: 3,124.38
  • Net Increases In Cash & Cash Equivalents: 2,678.94

Balance Sheet Position (as of H1 FY27)

Equities & Liabilities (in ₹ lakhs)

  • Equity: 1,149.08
  • Reserves: 5,078.65
  • Net Worth: 6,227.72
  • Long-term Borrowings: 17.81
  • Short Term Borrowings: 6.72
  • Trade Payables: 1,915.14
  • Total Equity & Liabilities: 8,602.50

Assets (in ₹ lakhs)

  • Tangible & Intangible assets: 510.03
  • Inventories: 1,025.39
  • Trade Receivables: 3,317.99
  • Cash and Bank Balances: 3,472.80
  • Total assets: 8,602.50

Company Overview

Sham Foam Limited is engaged in the manufacturing, distribution, marketing, and sale of polyurethane foam (PU foam), mattresses, and other home comfort products. The Company operates as a vertically integrated entity with activities from product design to manufacturing and distribution.

Product Portfolio

  • Mattresses (Foam, Latex, Orthopaedic, Dual Comfort)
  • Pillows, Cushions & Comforters
  • PU Foam Sheet Cushion
  • Brands: Featherfresh, Restivia, Decorwell, Springee

Manufacturing Facilities

  • Location: Ambala, Haryana
  • Area: Approximately 2,04,460 sq. ft.
  • Installed capacity: 15,000 TPA for foam production
  • Certifications: ISO 9001:2015 and BIS standards

Distribution Network

  • Pan-India presence across 13 states
  • Network of over 1,300 dealers
  • No owned retail stores - distributes through multi-brand outlets

Operational Metrics

Capacity Utilization

| Particulars | FY26 | FY25 | FY24 | FY23 |

| Installed Capacity (TPA) | 15,000 | 15,000 | 15,000 | 15,000 |

| Available Capacity (TPA) | 6,000 | 6,000 | 6,000 | 6,000 |

| Actual Production (TPA) | 5,257 | 4,779 | 4,692 | 4,878 |

| Capacity Utilization (%) | 87.62% | 80% | 78% | 81% |

Customer Concentration (in ₹ lakhs)

| Particulars | FY26 | FY25 | FY24 | FY23 |

| Top 10 Customers | 2,313.79 | 2,177.55 | 2,065.83 | 2,035.95 |

| Others | 7,008.13 | 5,937.27 | 5,307.03 | 5,946.35 |

| Total | 9,231.92 | 8,114.82 | 7,372.86 | 7,982.30 |

Supplier Concentration (in ₹ lakhs)

| Particulars | FY26 | FY25 | FY24 | FY23 |

| Top 10 Suppliers | 5,678.47 | 5,383.23 | 5,742.37 | 6,971.57 |

| Others | 1,551.77 | 1,490.72 | 869.61 | 944.24 |

| Total | 7,230.24 | 6,873.95 | 6,611.98 | 7,915.81 |

Management Commentary

Mr. Rajinder Kumar Jindal, Chairman & Managing Director, stated that the company demonstrated robust financial performance supported by improved operational performance, enhanced profitability and disciplined financial management. Management remains focused on sustainable growth, operational efficiencies, cost optimization and expanding market presence.

Growth Strategies

  • Expand customer base through existing relationships and new customer acquisition
  • Geographic expansion into large domestic markets
  • Cost efficiency focus through operational effectiveness
  • Attract, train and retain qualified personnel
  • Development of personalized products
  • Maintain high-quality standards through regular checks and inspections

Market Overview

Indian Mattress Market

  • 2025 Market Size: USD 2.40 Billion
  • 2026 Market Size: USD 2.57 Billion
  • Projected 2031 Market Size: USD 3.89 Billion at 8.60% CAGR
  • ~18-30 million mattresses sold annually in India

Global Mattress Market

  • 2024 Market Size: USD 68.18 Billion
  • Projected 2034 Market Size: USD 149.32 Billion at 8.30% CAGR

Board of Directors

  • Mr. Rajinder Kumar Jindal: MD & Chairperson (25+ years experience)
  • Mr. Sanjeev Kumar Jindal: Whole Time Director (13+ years experience)
  • Ms. Monica Jindal: Executive Director (14+ years experience)
  • Mr. Abhinav Jindal: Executive Director (03+ years experience)
  • Mr. Kunal Jindal: Executive Director (02 years experience)

Investor Relations Contact

Mr. Nilesh Karani

P: +91 98195 29929

E: nileshkarani@rikcapital.in

W: www.rikcapital.in

Company Address

Khasra No. 18/16/2, Village Rajpura, Tehsil Shahzadpur, Ambala, Haryana - 134202

E: info@shamfoam.com | W: https://www.shamfoam.com/