Kanara Consumer Products unlisted share price

Price history

About

Kanara Consumer Products Limited was known as Kurlon Limited until recently. It is an unlisted public company with its registered office in Bengaluru, and its 63rd annual report covers the year ended 31 March 2025. Kurlon is the well-known mattress and bedding brand, but the mattress business now sits with Kurlon Enterprise Limited, which this company sold on 20 October 2023. After that sale the company is largely a holding and investment entity. In FY25 its standalone revenue from operations was just ₹69.95 lakh, while other income was ₹8,295.29 lakh. That other income, mostly returns on its investments, loans and bank deposits, is what drives profit. Standalone profit for the year was ₹8,650.21 lakh, against ₹126,045.25 lakh in FY24, when the gain from selling the subsidiary was booked as an exceptional item. The balance sheet is cash and investment heavy. At 31 March 2025 the company held investments of ₹19,371.32 lakh as non-current and ₹60,675.65 lakh as current, plus cash and bank balances. Borrowings were only ₹370.09 lakh. In FY25 it bought back 7,46,854 equity shares at ₹1,300 per share, then raised money through a rights issue of 7,42,999 shares at ₹10 each. The board recommended a dividend of ₹2.50 per share. The paid-up capital stood at 1,48,78,750 equity shares of ₹10 each. The company has three subsidiaries: Manipal Software & e-Commerce Private Limited, Manipal Natural Private Limited and Kanara Consulting and Service Management Private Limited. It also holds a 99.99% interest in Kanara Global Products LLP. The group is led by Managing Director T Sudhakar Pai, with Jaya S Pai and Deepa S. Pai on the board. On consolidated figures the group's revenue fell sharply in FY25, which the directors attribute to losses in the two Manipal subsidiaries. The figures here are standalone, as audited. The company has not announced an IPO. Its shares trade off-market through unlisted dealers, and the indicative price on IPO Guru is ₹875 for a lot of 50 shares. Such prices are indications from dealers, not exchange quotes, and can differ from actual deal prices.