Rushil Decor Ltd

Rushil Decor Ltd

₹ 336 -1.23%
21 Feb - close price
About

Rushil Decor Ltd is primarily engaged in manufacturing and sale of Laminate Sheets, Medium Density Fibre Board, Prelaminated Medium Density Fibre Board boards, Polyvinyl Chloride (PVC) Board and Particle Board.[1]

Key Points

MDF Board Segment (50% of revenues)
The company is a leading manufacturer of medium density fibre board (MDF) in India and operates through its brands Vir MDF, Vir Prelam, Vir HDFWR.[1]
The company has a distribution network of 150+ distributors and 1,100+ dealers for this segment.
It operated at 94.7% capacity utilization in FY20.[2]

  • Market Cap 891 Cr.
  • Current Price 336
  • High / Low 407 / 203
  • Stock P/E 18.7
  • Book Value 185
  • Dividend Yield 0.15 %
  • ROCE 16.9 %
  • ROE 23.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 20.2% CAGR over last 5 years

Cons

  • Company has a low return on equity of 13.4% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -3.47%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
93 99 91 171 167 195 211 203 210 214 193 205 213
83 88 89 149 148 164 163 156 184 186 164 176 182
Operating Profit 10 11 2 22 19 32 48 47 27 28 29 29 31
OPM % 10% 11% 2% 13% 11% 16% 23% 23% 13% 13% 15% 14% 14%
2 3 0 0 3 -2 0 0 0 0 2 1 0
Interest 3 3 6 6 6 3 5 6 6 7 8 8 8
Depreciation 2 3 6 6 6 6 6 6 7 6 7 7 7
Profit before tax 7 7 -10 10 10 21 37 35 13 16 16 14 15
Tax % 24% 28% 25% 25% 26% 25% 26% 25% 24% 13% 26% 23% 25%
5 5 -8 8 7 15 27 27 10 14 12 11 11
EPS in Rs 2.01 2.01 -2.89 2.93 2.75 5.82 10.26 10.07 3.86 5.12 4.60 3.97 4.28
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
153 182 256 276 297 306 344 344 336 335 624 838 824
136 159 228 247 261 258 287 307 299 300 550 689 708
Operating Profit 17 23 28 28 35 48 56 37 37 35 74 149 117
OPM % 11% 13% 11% 10% 12% 16% 16% 11% 11% 10% 12% 18% 14%
1 1 1 -4 1 3 3 8 4 6 1 1 3
Interest 8 11 15 14 12 10 9 14 12 12 20 24 31
Depreciation 3 5 8 7 6 7 8 9 9 10 24 26 28
Profit before tax 8 9 7 3 18 34 43 23 20 19 31 101 61
Tax % 28% 53% 54% 119% 60% 26% 28% 37% -17% 27% 26% 23%
6 4 3 -1 7 25 31 14 23 14 23 78 48
EPS in Rs 2.21 1.57 1.18 -0.25 2.79 9.72 11.85 5.41 8.70 5.32 8.60 29.31 17.97
Dividend Payout % 13% 18% 0% 0% 10% 3% 2% 5% 3% 7% 4% 1%
Compounded Sales Growth
10 Years: 17%
5 Years: 20%
3 Years: 36%
TTM: 1%
Compounded Profit Growth
10 Years: 34%
5 Years: 20%
3 Years: 50%
TTM: -40%
Stock Price CAGR
10 Years: 25%
5 Years: -2%
3 Years: 29%
1 Year: 13%
Return on Equity
10 Years: 13%
5 Years: 12%
3 Years: 13%
Last Year: 24%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 14 14 14 14 14 14 15 15 15 20 20 20 27
Reserves 55 57 60 60 66 111 156 191 213 244 267 343 465
111 127 144 118 104 93 101 245 405 379 420 406 308
55 66 78 70 79 78 105 128 152 166 180 229 227
Total Liabilities 234 265 296 262 264 296 377 578 786 808 887 998 1,027
46 149 155 137 139 162 194 204 197 587 594 641 633
CWIP 90 0 0 0 1 2 4 98 338 1 0 0 4
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
99 116 142 125 124 133 178 276 250 220 292 356 390
Total Assets 234 265 296 262 264 296 377 578 786 808 887 998 1,027

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-10 14 18 37 33 28 50 19 47 77 -7 115
-50 -18 -18 5 -7 -9 -64 -172 -198 -39 -15 -76
54 5 1 -41 -26 -18 12 153 151 -38 21 -39
Net Cash Flow -7 0 1 1 -1 0 -1 0 0 1 -1 -0

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 79 79 60 58 50 57 51 59 67 63 48 52
Inventory Days 141 162 150 119 129 134 168 167 179 169 179 164
Days Payable 149 157 126 104 107 89 129 140 200 160 101 116
Cash Conversion Cycle 71 84 84 72 72 103 91 86 45 72 126 100
Working Capital Days 95 78 72 53 55 73 66 86 75 69 80 70
ROCE % 11% 10% 11% 12% 16% 22% 21% 10% 6% 5% 8% 17%

Shareholding Pattern

Numbers in percentages

6 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
58.54% 55.02% 55.02% 55.02% 55.02% 55.03% 55.03% 55.03% 55.03% 56.39% 56.39% 56.39%
7.13% 5.30% 5.10% 3.29% 2.77% 1.33% 1.55% 1.22% 1.45% 0.92% 0.95% 1.17%
0.00% 0.00% 0.01% 0.35% 0.21% 0.00% 0.28% 0.28% 0.00% 0.00% 0.00% 0.01%
34.33% 39.67% 39.87% 41.33% 41.99% 43.64% 43.13% 43.48% 43.51% 42.69% 42.65% 42.41%
No. of Shareholders 5,2075,5986,1577,3748,97810,11514,89517,72315,55017,29318,56522,257

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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