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Kurlon Unlisted Share Price

Kanara Consumer Products Ltd Fundamentals

Company Name
Kanara Consumer Products Ltd
Scrip Name
Kurlon Limited
Last Traded Price
1,250.00
+ 2.46 %
Sector
Household Products
PAN No.
AABCK2150K
Face Value
10
No. of Outstanding Shares
14,882,605
EPS
0
PE ratio
-
Market Capitalization
1,860.33 Crore
Book value
0
P/BV
-
ISIN No.
INE781F01032
Available on
nsdlcdsl
ROFR Require
No
Day High
1,250.00
Day Low
1,250.00
52 Week High
1,250.00
52 Week Low
315.00
Lifetime High
1,250.00
Lifetime Low
290.00

Kurlon Limited Price Performance

Kurlon Limited Unlisted Share - Company Overview

KANARA CONSUMER PRODUCTS LIMITED (Formerly Kurlon Limited) was first established as Karnataka Coir Products Limited in 1962. The name was later changed to KURL-ON LIMITED in 1995 to fully reflect its diversified business activities. The company manufactures mattresses in 126 different configurations. Apart from a wide range of mattresses, the company also manufactures and markets an entire range of home comfort solutions and a wide range of high-end soft furnishings such as pillows, cushions, bed linen, ergonomically designed furniture, furnishing, etc.

Kurlon Limited was the first company to introduce rubberized coir mattresses in 1965 using know-how from Austria. The company is known as the innovator of Coir Mattresses in India. The company not only serves retail consumers but also institutional clients like Hotels, Hospitals, and Hostels. Products of the company are exported to various Asian countries.

Kurlon Limited is the Holding company of Kurlon Enterprises Limited. Consequent to the business transfer agreement between Kurlon Limited and Kurlon Enterprises Limited, the business of Rubberized coir, latex foam, polyurethane foam, pillows, spring mattresses, furniture, furnishing, and related products were transferred to Kurlon Enterprises Limited with effect from April 2014. So, Kurlon Enterprises Limited is the operating company now.

Today, the company is the largest manufacturer of rubberized coir mattresses. The company is now working with a network of more than 10,000 dealers, 72 branches and stock points, and 9 manufacturing facilities across Orissa, Karnataka, Madhya Pradesh, Gujarat, and Uttaranchal.

Kurlon Limited Unlisted Share Details as of March 31, 2022

Kurlon Limited Outstanding Shares: 14,882,605
Face Value of Kurlon Limited Unlisted Share: Rs. 10 Per Equity Share
ISIN of Kurlon Limited Unlisted Share: INE781F01032
Lot Size of Kurlon Limited Unlisted Share: 100 Shares
Kurlon Limited Share Price: Best in Industry
PAN Number of Kurlon Limited: AABCK2150K

Kurlon Limited Incorporation Details

CIN of Kurlon Limited

U17214KA1962PLC001443

Registration Date of Kurlon Limited

09 February 1962

Category/Sub-category of Kurlon Limited

Company Limited by Shares

Kurlon Limited Registered office address 

N-301, III Floor, North Block, Front Wing, Manipal Centre, 47,Dickenson Road,

Bangalore- 560042

Kurlon Limited Registrar and Transfer Agent address and contact details

Purva Sharegistry (India) Private Limited

Ms. Purva Shah 9, Shiv Shakti Ind. Estt. J.R. Boricha Marg, Lower Parel(E), Mumbai-400011

+91-022-2301-6761/2518

Kurlon Limited Principal Business Activities

Name and Description of main products/services

NIC Code of the product/service

% to total turnover of the Company

Mattresses/Pillows/Cushions/Foam/EPE sheet

31005

88.65%

Kurlon Limited Board of Directors

Mr. T. Sudhakar Pai (Managing Director)

Mrs. Jaya S. Pai (Director)

Dr. Nitin G. Khot (Independent Director)

Mr. S. Ananthnarayanan (Independent Director)

Mrs. Jyothi Ashish Pradhan (Director)

Mrs. Deepa Pai (Director)

Mr. Narendra Kudva (Alternate Director)

Mr. N. Srinivasa Ulloor (Chief Financial Officer)

Mr. Monu Kumar (Company Secretary)

Kurlon Limited Particular of Subsidiary Companies

Name of the Company

Subsidiary

% of shares held

Kurlon Enterprise Limited

Subsidiary

85.06%

Kurlon Retail Limited

Stepdown Subsidiary

100.00%

Sevalal Solar (P) Ltd

Stepdown Subsidiary

5.00%

Sirar Dhotre Solar (P) Ltd

Stepdown Subsidiary

5.00%

Sirar Solar Energies (P) Ltd

Stepdown Subsidiary

5.00%

Kurlon Limited Shareholding Pattern (As on 31-03-2020)

S. No.

Shareholders’ Name

Number of shares

% of total Shares of the company

1

Promoter Holding

1,39,84,565

93.96%

2

Public Shareholding

8,49,354

6.04%

 

Total

1,48,82,605

100.00%

Industry Outlook

India's overall mattress market has grown at a CAGR of above 11% over the last five years. The rise in income levels, health consciousness, and growth in the real estate and hospitality sectors are major factors that accelerated the growth of the Indian mattress market. A visible shift has been observed in the consumer’s perspective, where the main focus now is on the comfort and functionality of the product.

Several new trends are expected in the mattress industry during the coming years. The demand for customized and luxury mattresses is expected to increase significantly. Mattresses are no longer considered as mere consumer durables, they are an indicator of the quality of life.

Demand in both residential and institutional sectors is expected to grow in India. Among various sizes available, king-size mattresses are the most preferred ones, and comfort and durability are the most important factors for dominance in the market.

The Online segment is now a key focus for mattress manufacturing companies. With the COVID-19 pandemic, this segment has attained great significance and its potential has multiplied. 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, especially in the Mattress and Furniture space.

The unorganized sector has a major share of the Indian mattress market. This sector includes a street-side shop and the local ginner. However, the organized sector is now growing, with the increasing demand for good-quality mattresses among Indian consumers.

Growing residential units are creating a demand for mattresses all over the country. Additionally, every new hotel requires hundreds of beds and mattresses, and this particular industry appears to be thriving, owing to growth in the construction, real estate, and tourism, and hospitality sectors.

 

Annual Report

Kurlon Annual Report 2019-20

Download

Corporate Actions

Notice for Buyback at 1300 per share Dated March 30 2024

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