Rushil Decor Ltd

Rushil Decor Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Rushil Decor Ltd

₹ 314 -0.62%
26 Apr 4:01 p.m.
rushil.com BSE: 533470 NSE : RUSHIL
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

Business Segment [1]
MDF Board (74% in 9M FY24 vs 46% in FY21) - It is the 2nd Largest manufacturer of MDF boards. It offers its products under brands VIR MDF, VIR Pro, VIR Pro Plus, VIR Prelam MDF and VIR HDFWR. MDF finds applications in Wall Paneling, Architectural Moldings, Sports Goods Residential & Commercial etc. The share of value added product was 52% in Q2 FY24 vs 39% in Q4 FY 23. [2]

Website BSE NSE
  • Market Cap ₹ 835 Cr.
  • Current Price ₹ 314
  • High / Low ₹ 407 / 242
  • Stock P/E 17.5
  • Book Value ₹ 185
  • Dividend Yield 0.16 %
  • ROCE 16.9 %
  • ROE 23.9 %
  • Face Value ₹ 10.0
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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

* 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.

Peer comparison

Sector: Plywood Boards/Laminates Industry: Miscellaneous

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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
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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: 23%
5 Years: -7%
3 Years: 23%
1 Year: 7%
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

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.02% 55.02% 55.02% 55.02% 55.03% 55.03% 55.03% 55.03% 56.39% 56.39% 56.39% 56.39%
5.30% 5.10% 3.29% 2.77% 1.33% 1.55% 1.22% 1.45% 0.92% 0.95% 1.17% 1.17%
0.00% 0.01% 0.35% 0.21% 0.00% 0.28% 0.28% 0.00% 0.00% 0.00% 0.01% 0.00%
39.67% 39.87% 41.33% 41.99% 43.64% 43.13% 43.48% 43.51% 42.69% 42.65% 42.41% 42.43%
No. of Shareholders 5,5986,1577,3748,97810,11514,89517,72315,55017,29318,56522,25724,293

* 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.

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