Rushil Decor Ltd
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]
- Market Cap ₹ 923 Cr.
- Current Price ₹ 346
- High / Low ₹ 407 / 261
- Stock P/E 21.4
- Book Value ₹ 204
- Dividend Yield 0.14 %
- ROCE 11.6 %
- ROE 9.51 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 24.6% CAGR over last 5 years
Cons
- Company has a low return on equity of 13.6% over last 3 years.
- Debtor days have increased from 57.0 to 71.0 days.
* 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
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
182 | 256 | 276 | 297 | 306 | 344 | 344 | 336 | 335 | 624 | 838 | 844 | |
159 | 228 | 247 | 261 | 258 | 287 | 307 | 299 | 300 | 550 | 689 | 724 | |
Operating Profit | 23 | 28 | 28 | 35 | 48 | 56 | 37 | 37 | 35 | 74 | 149 | 120 |
OPM % | 13% | 11% | 10% | 12% | 16% | 16% | 11% | 11% | 10% | 12% | 18% | 14% |
1 | 1 | -4 | 1 | 3 | 3 | 8 | 4 | 6 | 1 | 1 | 3 | |
Interest | 11 | 15 | 14 | 12 | 10 | 9 | 14 | 12 | 12 | 20 | 24 | 32 |
Depreciation | 5 | 8 | 7 | 6 | 7 | 8 | 9 | 9 | 10 | 24 | 26 | 29 |
Profit before tax | 9 | 7 | 3 | 18 | 34 | 43 | 23 | 20 | 19 | 31 | 101 | 61 |
Tax % | 53% | 54% | 119% | 60% | 26% | 28% | 37% | -17% | 27% | 26% | 23% | 30% |
4 | 3 | -1 | 7 | 25 | 31 | 14 | 23 | 14 | 23 | 78 | 43 | |
EPS in Rs | 1.57 | 1.18 | -0.25 | 2.79 | 9.72 | 11.85 | 5.41 | 8.70 | 5.32 | 8.60 | 29.31 | 16.24 |
Dividend Payout % | 18% | 0% | 0% | 10% | 3% | 2% | 5% | 3% | 7% | 4% | 1% | 9% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 20% |
3 Years: | 36% |
TTM: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | 30% |
5 Years: | 25% |
3 Years: | 51% |
TTM: | -44% |
Stock Price CAGR | |
---|---|
10 Years: | 25% |
5 Years: | 8% |
3 Years: | 14% |
1 Year: | 16% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 12% |
3 Years: | 14% |
Last Year: | 10% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 14 | 14 | 14 | 14 | 14 | 15 | 15 | 15 | 20 | 20 | 20 | 27 |
Reserves | 57 | 60 | 60 | 66 | 111 | 156 | 191 | 213 | 244 | 267 | 343 | 516 |
127 | 144 | 118 | 104 | 93 | 101 | 245 | 405 | 379 | 420 | 406 | 296 | |
66 | 78 | 70 | 79 | 78 | 105 | 128 | 152 | 166 | 180 | 229 | 261 | |
Total Liabilities | 265 | 296 | 262 | 264 | 296 | 377 | 578 | 786 | 808 | 887 | 998 | 1,099 |
149 | 155 | 137 | 139 | 162 | 194 | 204 | 197 | 587 | 594 | 641 | 630 | |
CWIP | 0 | 0 | 0 | 1 | 2 | 4 | 98 | 338 | 1 | 0 | 0 | 6 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
116 | 142 | 125 | 124 | 133 | 178 | 276 | 250 | 220 | 292 | 356 | 463 | |
Total Assets | 265 | 296 | 262 | 264 | 296 | 377 | 578 | 786 | 808 | 887 | 998 | 1,099 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
14 | 18 | 37 | 33 | 28 | 50 | 19 | 47 | 77 | -7 | 115 | 41 | |
-18 | -18 | 5 | -7 | -9 | -64 | -172 | -198 | -39 | -15 | -76 | -35 | |
5 | 1 | -41 | -26 | -18 | 12 | 153 | 151 | -38 | 21 | -39 | -6 | |
Net Cash Flow | 0 | 1 | 1 | -1 | 0 | -1 | 0 | 0 | 1 | -1 | -0 | -0 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 79 | 60 | 58 | 50 | 57 | 51 | 59 | 67 | 63 | 48 | 52 | 71 |
Inventory Days | 162 | 150 | 119 | 129 | 134 | 168 | 167 | 179 | 169 | 179 | 164 | 186 |
Days Payable | 157 | 126 | 104 | 107 | 89 | 129 | 140 | 200 | 160 | 101 | 116 | 141 |
Cash Conversion Cycle | 84 | 84 | 72 | 72 | 103 | 91 | 86 | 45 | 72 | 126 | 100 | 115 |
Working Capital Days | 78 | 72 | 53 | 55 | 73 | 66 | 86 | 75 | 69 | 80 | 70 | 99 |
ROCE % | 10% | 11% | 12% | 16% | 22% | 21% | 10% | 6% | 5% | 8% | 17% |
Documents
Announcements
- Closure of Trading Window 8h
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Announcement under Regulation 30 (LODR)-Newspaper Publication
18 Jun - Submission of news paper publication for transfer of shares of the company to the IEPF.
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Announcement under Regulation 30 (LODR)-Allotment
11 Jun - Allotment of 250000 Equity Shares upon conversion of warrants pursuant to preferential issue
- Board Meeting Outcome for Outcome Of Fund Raising Committee Held On June 11, 2024 To Consider And Approve The Allotment Of 2,50,000 Equity Shares Upon Conversion Of Warrants On Preferential Basis 11 Jun
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Announcement under Regulation 30 (LODR)-Newspaper Publication
4 Jun - Submission of news paper clipings of advertisement for postal ballot/e-voting
Annual reports
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Financial Year 2023
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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May 2024Transcript PPT REC
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Nov 2015TranscriptNotesPPT
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]