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Royal Cushion Vinyl Products Ltd (ROYALCUSHN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526193 NSE: ROYALCUSHN Plastic Products | Small Cap | Royal Cushion Vinyl Share Price

₹15.51 0.14 (0.91%)

As on 04-Jun'26 16:59

Royal Cushion Vinyl Products Ltd (ROYALCUSHN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526193 NSE: ROYALCUSHN Plastic Products | Small Cap | Royal Cushion Vinyl Share Price

₹15.51 0.14 (0.91%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹57 Cr.
Current Price
₹15.5
52-Week Low / High
₹14 / 30
TTM EPS
₹-2.2
TTM Sales
₹55.9 Cr.
Book Value per Share
₹-19.3
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
39
Price to Book (P/B)
-0.80
Lower than its 5-year historical median
Price to Sales (P/S)
1.01
Higher than its 5-year historical median
EV/EBITDA
132.60
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
62.57%
Outperforms industry median
Return on Assets (ROA)
2.89%
Operating Profit Margin
-6%
Net Profit Margin
3.59%
Gross Profit Margin
5.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
16.82%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-99.22%
Asset Quality
Promoter Holding
39.92%
Pledged shares (%) of Promoter's holding (%)
76.52%
Reserves
₹-107 Cr.
Equity
₹36.6 Cr.
Face Value
₹10
All Time Low / High
₹0.90 / 780.00

Royal Cushion Vinyl Products stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Royal Cushion Vinyl Products Ltd a good quality company?
Royal Cushion Vinyl Products Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Royal Cushion Vinyl Products Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Royal Cushion Vinyl Products Ltd vs industry peers?
Royal Cushion Vinyl Products Ltd revenue CAGR is 0.45%, compared to the industry median CAGR of 4.71%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Royal Cushion Vinyl Products Ltd?
Promoters hold 39.92% of the Royal Cushion Vinyl Products Ltd, with 76.52% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Royal Cushion Vinyl Products Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 9.1% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Royal Cushion Vinyl Products Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 0%0%0%0%0%0%0%0%0%62.6%-
Value Creation
Index
NANANANANANANANANA3.5-

Growth Parameters

Sales 74.866.271.773.562.5616952.154.763.956
Sales YoY Gr.--11.5%8.3%2.6%-15%-2.4%13.1%-24.5%5%16.8%-
Adj EPS -5.3-2.4-63.7-4.6-3.52.6-10.6230.4-2.2
YoY Gr.-NANANA-224.7%NANA-511.6%NA-98.3%-
BVPS (₹) -403.6-368.1-373.4-369.7-375.2-373.6-334.5-334.5-17.7-17.1-19.3
Adj Net
Profit
-6.4-2.9-7.24.4-5.5-4.33.1-12.884.21.4-8
Cash Flow from Ops. -3.182.6-1.1-2-8-1.4-35.4-74.3-18.2-
Debt/CF from Ops. -96.838.9125.3-301.5-165.1-41.9-221.3-9.2-0.8-4.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -1.7%0.5%-2.5%16.8%
Adj EPS NANA-46.7%-98.3%
BVPSNANANANA
Share Price 8.8% 11.2% 11.1% -44.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1.30.61.6-11.21-0.73.2-38.9-4.911.9
Op. Profit
Mgn %
-1.3-13.5-13.6-15.6-14.8-9.4-17-25.8-4.9-6-15.5
Net Profit
Mgn %
-8.5-4.3-106-8.8-74.5-24.61542.2-14.2
Debt to
Equity
-0.6-0.7-0.7-0.7-0.7-0.7-0.8-0.8-1-1.3-
Working Cap
Days
1701611118894109110128132172105
Cash Conv.
Cycle
-274-280-277-308-402-374-265-209-151-66-153

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales74.7566.1871.6973.5462.4960.9768.9752.0954.7163.91
Operating Expenses + 75.7975.1581.4285.0173.7366.7280.6765.5257.3767.75
Manufacturing Costs14.3514.7316.8316.2412.328.7910.2211.1312.0615.35
Material Costs51.6250.2654.5759.3450.8450.7163.224737.1843.54
Employee Cost 6.276.546.646.566.265.165.475.445.596.15
Other Costs 3.563.623.392.884.312.071.761.952.542.71
Operating Profit -1.04-8.97-9.73-11.48-11.24-5.75-11.71-13.43-2.67-3.84
Operating Profit Margin (%) -1.4%-13.5%-13.6%-15.6%-18.0%-9.4%-17.0%-25.8%-4.9%-6.0%
Other Income + 0.1811.988.3822.2110.1312.960.4518.6612.0510.43
Exceptional Items 00000062.610288.740
Interest 4.174.544.264.973.853.523.123.752.783.20
Depreciation 1.381.321.371.361.921.681.111.291.130.99
Profit Before Tax -6.41-2.85-6.994.40-6.88247.130.19294.212.40
Tax 0000000000.11
Profit After Tax -6.41-2.85-6.994.40-6.88247.130.19294.212.29
PAT Margin (%) -8.6%-4.3%-9.8%6.0%-11.0%3.3%68.3%0.4%537.8%3.6%
Adjusted EPS (₹)-5.3-2.4-5.83.7-5.71.739.10.280.40.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Royal Cushion Vinyl - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + -486.98-444.15-450.62-446.14-452.76-450.82-403.69-403.59-29.69-28.67
Share Capital 12.0712.0712.0712.0712.0712.0712.0712.0736.5936.59
Reserves -499.05-456.22-462.69-458.21-464.83-462.89-415.76-415.66-66.28-65.26
Debt +297.38311.37321.61328.40333.58331.22302.13322.2959.1280.35
Long Term Debt297.38311.37321.61328.40333.58331.22302.13248.9113.8635.97
Short Term Debt000000073.3945.2644.38
Minority Interest0000000000
Trade Payables77.5885.0282.4695.2284.5084.3261.0738.3935.8224.94
Others Liabilities 169.6893.3786.2160.3268.6370.8275.2371.598.018.92
Total Liabilities 57.6645.6139.6637.7933.9535.5434.7328.6973.2685.55

Fixed Assets

Net Fixed Assets +19.3219.1020.2419.9717.1312.8312.5312.4546.7148.20
Gross Block180.1720.4322.7623.8522.9320.4419.7020.0153.3455.54
Accumulated Depreciation160.841.322.523.885.807.617.187.566.637.34
CWIP 00.0700.400.520.53001.530.12
Investments 0.120.280.180.200.200.180.18-0.060.040.04
Inventories17.6218.5513.9212.569.5211.619.365.788.898.41
Trade Receivables7.664.442.902.341.552.733.451.546.4112.16
Cash Equivalents 0.620.330.520.400.620.851.010.341.020.72
Others Assets 12.312.841.891.924.416.828.218.648.6715.90
Total Assets 57.6645.6139.6637.7933.9535.5434.7328.6973.2685.55

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -3.0782.57-1.09-2.02-7.97-1.38-35.44-74.32-18.16
PBT -6.41-2.93-6.484.48-6.61247.130.19294.212.29
Adjustment 5.38-6.14-3.44-15.506.13-4.47-58.84-13.68-294.912.75
Changes in Working Capital -2.0417.0712.489.94-1.54-5.510.33-21.95-73.63-23.21
Tax Paid 0000000000
Cash Flow From Investing Activity + 0.18-1.15-0.96-0.851.3611.610.1917.688.48-0.91
Capex -0.03-1.18-2.02-1.490.6511.330.0117.398.59-1.08
Net Investments 0-0.170.10-0.02-00.0300.24-0.10-0.01
Others 0.210.200.960.660.720.260.180.04-0.010.17
Cash Flow From Financing Activity + 3.16-7.15-1.411.820.87-3.381.3417.2966.5318.17
Net Proceeds from Shares 00-7.390000044.390
Net Proceeds from Borrowing 0006.795.180.114.4620.9900
Interest Paid -4.17-4.54-4.26-4.97-3.69-3.06-2.69-3.64-2.59-3.10
Dividend Paid 0000000000
Others 7.33-2.6110.240-0.62-0.43-0.43-0.0624.7421.27
Net Cash Flow 0.27-0.290.19-0.120.210.270.16-0.470.68-0.91

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
ROCE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio1.391.391.721.91.741.751.961.641.070.8
PAT to CFO Conversion(x)N/AN/AN/A-0.25N/A-3.99-0.03-186.53-0.25-7.93
Working Capital Days
Receivable Days26.3030.7018.301311.4012.8016.3017.5026.5053
Inventory Days88.3091.7080.9065.7064.5063.3055.5053.1048.9049.40
Payable Days554.10590.40560.20546.50645.20607.60419.70386.20364.20254.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *3.863.863.863.863.8676.5276.5276.5276.5276.52
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Royal Cushion Vinyl Products Ltd FAQs

The current trading price of Royal Cushion Vinyl on 04-Jun-2026 16:59 is ₹15.51.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Royal Cushion Vinyl stood at ₹56.75 Cr

The latest P/E ratio of Royal Cushion Vinyl as of 03-Jun-2026 is 0.00.

The latest P/B ratio of Royal Cushion Vinyl as of 03-Jun-2026 is -0.80.

The 52-week high of Royal Cushion Vinyl is ₹29.90 and the 52-week low is ₹14.21.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Royal Cushion Vinyl is ₹55.93 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Royal Cushion Vinyl Products Ltd is a below average quality company.

The key valuation ratios of Royal Cushion Vinyl Products Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Royal Cushion Vinyl Products Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Royal Cushion Vinyl Products Ltd

Royal Cushion Vinyl Products Ltd.(RCVP), a Samson Group company has two plants spread across 130 acres of land, at Garadia, Halol, which was commissioned from 1996-97 onwards for the manufacture of Vinyl Floorings of different types for various end-users and rigid films. It sells to customers in over 40 countries.

Samsons Group of Companies is one of India's leading manufacturer of vinyl coated fabrics/artificial leather, vinyl flooring, rigid films and seating systems.

The group consists of Royal Cushion Vinyl Products Ltd., Vinyroyal Plasticoates Pvt. Ltd., Vijayjyot Seats Pvt. Ltd. & Royal Knitting Pvt. Ltd. having a combined asset base of over 225 crores with 3 production facilities over 150 acres near Baroda, Gujarat. The group employs over 1000 people.

On testing RCVP  products along with other international manufacturers’ products on the gloss meter, the results have shown that RCVP’s products can be produced at a gloss level of 7% to 30% higher than that of any other International brand in the world.

Product range of the company includes:

Royal Cushion Vinyl Products Ltd. manufactures different types of export quality vinyl floor coverings. These floor coverings from Royal House comes in thicknesses ranging from 0.65 mm to 3.0 mm, with a choice of unmatched designs, colours and textures. These floor coverings can be laid with ease over any hard surface. Narmada Building Enterprises (P) Ltd. is the All Kerala distributor for these products.

  • Residential Flooring
  • Transport Flooring
  • Contract Flooring

RCVP exports 50% of its production to developing countries with its major markets in Sudan, Ethiopia, Kenya, Tanzania, Saudi Arabia, Mombasa, Nigeria, etc.

Achievements/ recognition:

  • An ISO 9002 certified company.
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