Mattress Stocks in India
Mattress: Sheela Foam Ltd owns the largest revenue base AND the fastest current growth.
Nifty Mattress Index — Constituents & Performance
All 2 listed Indian Mattress companies are named here, largest first — the same constituent set people search for as the Nifty Mattress index. Every figure on this page is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.
- Sheela Foam Ltd₹7.6K Cr
- Wakefit Innovations Ltd₹4.0K Cr
Is Mattress outperforming NIFTY 500?
Mattress has underperformed NIFTY 500 by 19.2% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 3.7%. 1 of 1 covered company currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is broad. Sheela Foam Ltd is the strongest against the sector itself at +17.7%. Readings are as of 2026-08-09.
Sector metric: 16.0 as of 2026-08-09 · CONSOLIDATION · falling.
The central tension: current leadership is concentrated, so durability matters more than rank.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
Mattress has underperformed NIFTY 500 by 19.2% over 52 weeks and 3.7% over 13 weeks. 1 of 1 covered companies beat NIFTY on Mansfield relative strength, while 1 of 1 beat the sector itself. Sheela Foam Ltd leads with revenue of ₹4,031 crore, based on 2 of 2 comparable companies through Jun 2026.
Best Mattress Stocks in India (Aug 2026), Ranked by Data
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
How this score is built, and what the marks mean
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Top 10 Mattress Stocks in India
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Sheela Foam LtdSFL | 71.8/100Favorable setup94% evidence | LEADER | 31.7/35 Revenue 16.8% · PAT 100% · OPM change 2 pp 95% evidence | 6.9/25 ROCE 6.1% · OPM 11% 95% evidence | 13.2/20 P/E 37.6× · PEG 1.09 85% evidence | 20.0/20 RS sector 17.7% · RS bench 9.5% · 1Y 3.4%12 of 12 weeks ahead 100% evidence |
| Exact sum: 31.7 + 6.9 + 13.2 + 20 = 71.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Wakefit Innovations LtdWAKEFIT | 49.6/100Thin evidence · provisional42% evidence | ASLEEP | 21.8/35 Revenue — · PAT — · OPM change 1 pp 48% evidence | 7.8/25 ROCE 11.2% · OPM 14% 100% evidence | 10.0/20 P/E 20.4× · PEG — 0% evidence | 10.0/20 RS sector — · RS bench — · 1Y —0 of 10 weeks ahead 0% evidence |
| Exact sum: 21.8 + 7.8 + 10 + 10 = 49.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Market action
Sheela Foam Ltd has the strongest one-year price move in Mattress at +3.4%. It also leads on Mansfield relative strength against NIFTY at +9.5%. 1 of 1 covered company is above zero on that measure. Every line covers 313 weekly closes through 2026-08-14.
Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.
How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.
The same measure taken against Mattress itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.
Mattress — the story behind the numbers
This is the written read behind the Mattress figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 17 Apr 2026, so the words are older than the numbers. 2 themes are live here.
The Mattress sector presents a BULLISH setup, anchored by SFL's 220 basis point margin expansion and deleveraging. While commodity headwinds and a miss on showroom expansion targets warrant monitoring, the company's 4-5% price hikes and 11% volume growth in the mattress segment offset these concerns.
The Mattress sector, represented by Sheela Foam Ltd (SFL), is currently exhibiting an IMPROVING demand environment. SFL delivered a Q3 FY26 consolidated PAT of 53 crores, a 200% YoY increase. This was driven by a 220 basis point expansion in EBITDA margins to 10.9%, beating the company's floor guidance of 10%.
How old this read is: STALE — this read comes from our Mattress sector brief dated 17 Apr 2026, about 4 months ago. The page says so rather than dressing it up, and a fresh sector dive replaces it the day it runs.
What is live in this sector right now
| Live theme | Severity | Evidence on file |
|---|---|---|
| TDI prices shot up to upwards of INR 240 due to a supplier shutdown at GNFC.Named for SFL | medium | “The market price is today upwards of INR 240. But this is a temporary phenomenon... plants will resume production by 20th of February.” Implemented 4-5% price increases and expect supply stability by late February. |
| MTM impact on foreign currency and financial investments noted in previous quarter.Named for SFL | low | “This includes one-time impact of MTM on foreign currency and our financial investments of Rs. 18 crores.” Encashed financial investments to pay down debt. |
Sources: our Mattress sector brief, 17 Apr 2026 · company earnings-call transcripts.
Revenue Scale & Growth Durability
Sheela Foam Ltd has the highest Revenue among the 2 Mattress companies compared here, at ₹4,031 crore. Wakefit Innovations Ltd is next at ₹1,547 crore. The same company also holds the highest Revenue growth, at 16.8%. 2 of 2 companies report a comparable reading, the latest through Jun 2026. Its Revenue series carries 20 reported observations across the 20-quarter window.
What the numbers say: Sheela Foam Ltd is the scale leader at ₹4,031 crore, 160.6% ahead of Wakefit Innovations Ltd. Sheela Foam Ltd's growth is 16.8% from a ₹4,031 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
Investor read: Sheela Foam Ltd is the scale benchmark; Sheela Foam Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Sheela Foam Ltd's growth falls below Sheela Foam Ltd's for two consecutive comparable reports while operating margin also compresses.
On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.
All-company data · latest reported quarter
In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| Sheela Foam Ltd SFL | ₹1.0K Cr | 26% | Jun 2026 |
| Wakefit Innovations Ltd WAKEFIT | ₹405 Cr | 17% | Jun 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Wakefit Innovations Ltd · WAKEFIT
Revenue growth · reported quarter history
Sheela Foam Ltd · SFL
Wakefit Innovations Ltd · WAKEFIT
Operating Economics & Margin Trend
Wakefit Innovations Ltd has the highest OPM among the 2 Mattress companies compared here, at 14%. Sheela Foam Ltd is next at 11%. Sheela Foam Ltd has the highest Margin change at +2 percentage points, so level and change sit with different companies. 2 of 2 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Wakefit Innovations Ltd leads opm at 14%; Sheela Foam Ltd leads margin change at +2 percentage points.
Investor read: Wakefit Innovations Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
All-company data · latest reported quarter
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Wakefit Innovations Ltd WAKEFIT | 14% | +1.0 pp | Jun 2026 |
| Sheela Foam Ltd SFL | 11% | +2.0 pp | Jun 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Sheela Foam Ltd · SFL
Wakefit Innovations Ltd · WAKEFIT
Margin change · reported quarter history
Sheela Foam Ltd · SFL
Wakefit Innovations Ltd · WAKEFIT
Profit Scale & Acceleration
Sheela Foam Ltd has the highest Net profit among the 2 Mattress companies compared here, at ₹217 crore. Wakefit Innovations Ltd is next at ₹193 crore. The same company also holds the highest Profit growth, at the 100% top of the scoring scale. 2 of 2 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Sheela Foam Ltd leads with ₹217 crore of TTM profit, 12.4% above Wakefit Innovations Ltd. Sheela Foam Ltd shows ≥100% on the scoring scale (280.7% uncapped) growth from a ₹217 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
Investor read: Sheela Foam Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
All-company data · latest reported quarter
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Sheela Foam Ltd SFL | ₹62 Cr | 786% | Jun 2026 |
| Wakefit Innovations Ltd WAKEFIT | ₹23 Cr | 15% | Jun 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Sheela Foam Ltd · SFL
Wakefit Innovations Ltd · WAKEFIT
Profit growth · reported quarter history
Sheela Foam Ltd · SFL
Wakefit Innovations Ltd · WAKEFIT
Return On Capital Employed
Wakefit Innovations Ltd has the highest ROCE among the 2 Mattress companies compared here, at 11.2%. Sheela Foam Ltd is next at 6.1%. The same company also holds the highest ROCE change, at +9.3 percentage points. 2 of 2 companies report a comparable reading, the latest through Jun 2026. Its ROCE series carries 6 reported observations across the 20-quarter window.
What the numbers say: Wakefit Innovations Ltd leads ROCE at 11.2%, 5.1 percentage points above Sheela Foam Ltd. Wakefit Innovations Ltd has the strongest latest improvement at +9.3 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
Investor read: Wakefit Innovations Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
All-company data · latest reported quarter
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| Sheela Foam Ltd SFL | 6.6% | +4.7 pp | Jun 2026 |
| Wakefit Innovations Ltd WAKEFIT | 5.9% | +9.3 pp | Jun 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Sheela Foam Ltd · SFL
Wakefit Innovations Ltd · WAKEFIT
ROCE change · reported quarter history
Sheela Foam Ltd · SFL
Wakefit Innovations Ltd · WAKEFIT
Valuation Against Growth & Quality
Sheela Foam Ltd has the lowest PEG among the 2 Mattress companies compared here, at 1.09×. Wakefit Innovations Ltd has the lowest P/E at 20.4×, so level and change sit with different companies. 1 of 2 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Sheela Foam Ltd has the lowest comparable PEG at 1.09×. Only 1 of 2 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
All-company data · latest reported quarter
| Company | PEG | P/E | Reported |
|---|---|---|---|
| Sheela Foam Ltd SFL | 1.1 | 52.6 | Jun 2026 |
| Wakefit Innovations Ltd WAKEFIT | — | 21.1 | Jun 2026 |
Full 20-quarter history · every available company
PEG · reported quarter history
Sheela Foam Ltd · SFL
P/E · reported quarter history
Sheela Foam Ltd · SFL
Wakefit Innovations Ltd · WAKEFIT
What can make this comparison misleading?
This Mattress comparison names 5 specific ways its own evidence can mislead, all listed below. All 2 companies here report on comparable dates, so no rank carries a stale marker. 1 of the 5 ranked sections has fewer than three usable current readings. A high growth rate can still be a low-base artefact.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- Thin comparisons: Valuation have fewer than three usable current readings.
How was this comparison built?
This comparison is built from the reported filings of 2 Mattress companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-08-14. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
How a second data feed is admitted, and what happens when it disagrees
A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.
Mattress company comparison FAQs
These 23 answers restate the Mattress comparison above in question form. Every one is computed from the same 2 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-08-14. Nothing here is estimated, and none of it is a recommendation.
Is the Mattress sector outperforming NIFTY 500?
Mattress has underperformed NIFTY 500 by 19.2% over 52 weeks and 3.7% over 13 weeks. 1 of 1 covered companies beat NIFTY on Mansfield relative strength, while 1 of 1 beat the sector itself.
Which Mattress company is largest by revenue?
Sheela Foam Ltd leads with revenue of ₹4,031 crore, based on 2 of 2 comparable companies through Jun 2026.
Which Mattress company is growing fastest?
Sheela Foam Ltd has the fastest current revenue growth at 16.8%, across 1 of 2 comparable companies.
Which Mattress company has the strongest 4-Factor Sector Score?
Sheela Foam Ltd ranks first at 71.8/100 with 94% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Mattress company has the lowest comparable PEG?
Sheela Foam Ltd has the lowest comparable PEG at 1.09, among 1 of 2 companies whose earnings and growth are steady enough for the ratio to mean anything.
How much history does this Mattress comparison include?
The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Is there a Nifty Mattress index?
NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Mattress, this page builds its own equal-weight basket of 2 listed Mattress companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026.
Which are the best Mattress stocks in India?
Ranked by this page's four-factor score, Sheela Foam Ltd places first among 2 listed Mattress companies, followed by Wakefit Innovations Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many Mattress stocks are listed in India?
This comparison covers 2 listed Mattress companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.
Which Mattress company is the biggest?
Sheela Foam Ltd is the largest, with trailing-twelve-month revenue of ₹4,031 crore, ahead of Wakefit Innovations Ltd at ₹1,547 crore. That covers 2 of 2 companies with comparable reporting through Jun 2026.
Which Mattress company has the best profit margins?
Wakefit Innovations Ltd has the highest operating margin at 14%, from 2 of 2 comparable companies. Sheela Foam Ltd shows the biggest recent improvement, at +2 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Mattress company makes the most profit?
Sheela Foam Ltd earns the most, at ₹217 crore of trailing-twelve-month net profit, from 2 of 2 comparable companies. Sheela Foam Ltd has the fastest profit growth at the ≥100% scoring cap, though growth off a small or recovering profit base overstates how much has actually changed.
Which Mattress company earns the highest return on capital?
Wakefit Innovations Ltd leads on return on capital employed at 11.2%, across 2 of 2 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Mattress stock is the cheapest?
On PEG — where a LOWER number is cheaper — Sheela Foam Ltd screens cheapest at 1.09×. Only 1 of 2 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Is the Mattress sector beating the market?
Mattress has underperformed NIFTY 500 by 19.2% over the last 52 weeks and 3.7% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 1 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which Mattress stock has the strongest price momentum?
Sheela Foam Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Mattress company scores highest for research priority?
Sheela Foam Ltd scores 71.8 out of 100 with 94% evidence confidence, from 31.7 points on growth and earnings, 6.9 on capital efficiency, 13.2 on valuation and 20 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Mattress companies does this comparison cover, and over what period?
It compares 2 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Mattress sector?
The 2 Mattress companies on this page carry ₹11,666 crore of combined market value. Sheela Foam Ltd is the largest at ₹7,644 crore, about 66% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-20.
How is the Mattress sector performing?
1 of the 1 covered Mattress companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 19.2% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-20.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.