Sheela Foam Limited has informed the Exchange that Board of Directors at its meeting held on May 14, 2026, recommended Final Dividend of Re. 1 per equity share.
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On the reaction day the stock moved 12.1 pts more than Nifty Microcap 250 and 8.2 pts more than its Furniture Home Furnishing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sheela Foam Limited reported strong FY2025-26 results with revenue from operations growing 10.7% to Rs. 2,962.27 crore from Rs. 2,675.25 crore. Net profit jumped 40.8% to Rs. 130.57 crore versus Rs. 92.70 crore in the prior year. Basic EPS improved to Rs. 11.96 from Rs. 8.49. The Board recommended a final dividend of Re. 1 per equity share (20% on face value of Rs. 5 each), subject to shareholder approval at the AGM. Operating margin stood at 39.1%. Key events include the completed amalgamation of Kurlon Enterprise Limited (approved by NCLT in September 2025) and a change in depreciation method from WDV to Straight Line Method effective January 1, 2026, which boosted profit by Rs. 14.24 crore.
The 40% profit growth and maintained dividend signal financial stability. The unchanged small dividend (Re. 1 per share) reflects conservative payout but provides regular income to shareholders. The stock may see positive reaction given strong earnings growth and operational improvements.