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Rushil Decor Ltd. Stock Analysis

Small Cap
Evaluated by 331 users | BSE: 533470 | NSE: RUSHIL |
Paper & Paper Products
Rushil Decor (RDL), a flagship company of the Rushil Group, was incorporated on May 24, 1993 as “Rushil Decor Private Limited” under the provisions of the Companies Act, 1956 with Registrar of Companies, Gujarat, Dadra & Nagar Haveli. However, the name was changed to...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 9.12%8.75%7.93%6.25%6.63%6.29%8.14%15.28%14.57%5.51%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 95.4123153182256276297306344344
Y-o-Y Gr. Rt.-28.5%24.9%18.9%40.5%7.8%7.7%3.2%12.2%0.1%
Adjusted EPS (Rs.) 2.774.093.452.321.841.744.3614.2817.576.07
Y-o-Y Gr. Rt.-47.7%-15.7%-32.8%-20.7%-5.4%150.6%227.5%23%-65.5%
Book Value per Share (Rs.) 21.4325.3941.8343.5645.444.948.7173.2191.37109.61
Adjusted Net Profit 2.84.15.73.832.97.223.629.610.4
Net Op. Cash Flow (Rs. Cr.) 13.333.9-10.213.918.136.632.527.55018.6
Debt to Cash Flow from Ops 4.422.57-10.339.097.963.223.213.382.0213.14
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Rushil Decor Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 15.3%6.1%5%0.1%
Adjusted EPS 9.1%27%11.7%-65.5%
Book Value per Share 19.919.33120
Share Price -7.4% -14.3% -54.1% -37.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 12.8317.3312.055.444.143.869.3222.8619.985.52
Operating Profit Margin (%) 8.7111.6211.3412.8911.0110.2511.9415.7316.4510.66
Net Profit Margin (%) 2.913.343.722.111.191.042.427.698.623.02
Debt to Equity 2.733.421.611.761.921.591.30.770.661.3
Working Capital Days 269212194195165157134134156237
Cash Conversion Cycle 105724750505245526164
Entity Percentage Holding
Promoters 53.24%
Institutions 11.90%
Non-Institutions 34.86%
Pledged *0.0022.4916.793.800.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Rushil Decor's performance infers:

Rushil Decor earnings have grown by 27%, whereas share price has depreciated -14.3% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

Data is not available for this company

Rushil Decor (RDL), a flagship company of the Rushil Group, was incorporated on May 24, 1993 as “Rushil Decor Private Limited” under the provisions of the Companies Act, 1956 with Registrar of Companies, Gujarat, Dadra & Nagar Haveli. However, the name was changed to “Rushil Decor Limited” on December 4, 2007. The promoters have been associated with laminated production since more than a decade under the brand “Vir Laminate”. RDL is the modern

Rushil Decor (RDL), a flagship company of the Rushil Group, was incorporated on May 24, 1993 as “Rushil Decor Private Limited” under the provisions of the Companies Act, 1956 with Registrar of Companies, Gujarat, Dadra & Nagar Haveli. However, the name was changed to “Rushil Decor Limited” on December 4, 2007. The promoters have been associated with laminated production since more than a decade under the brand “Vir Laminate”. RDL is the modern state-of-art manufacturer of Decorative Laminated Sheets with a network of branches, distributors and dealers across India.

The company’s product offering includes:

  • Decorative Laminate Sheets
  • Plain Particle Boards

All the products are manufactured by the company in integrated multi-product modern facilities strategically located at Gujarat, Western part of India. The company currently has five manufacturing units which caters to the domestic as well as international customers.

To consolidate the efforts and for better administration, the group companies Viz Mica Rushil Private limited and Rushil High Pressure laminates Private limited engaged in the same line of activity have been amalgamated with RDL with effect from April 1,2005 pursuant to order of Gujarat High court dated January 23, 2007. The combined installed capacity is 30.00 Lakhs Sheets per annum.

RDL has set up a large distribution network and operates through 5 marketing offices, 14 Consignment agents and 70 distributors. As on April 30, 2011, RDL has a network of 2150 dealers who in turn supply to sub dealers/ retailers giving a Vir Laminate presence for marketing of the products. This ensures the availability of products off-the-shelf in any corner of India. The company has the manpower strength of 51 who are deployed for marketing.

RDL has commenced one more unit at Village Navalgadh, Taluka: Dhrangadhra, District: Surendranagar, Gujarat, for manufacture of Plain Particle Board. Apart from this the company is under the process of commissioning an additional plant for Medium Density Fibreboard (MDF) through the proposed Initial Public Offer. Its diversification into MDF manufacture is in furtherance of strategy of increasing share in the mid market segment, which is the largest segment of the market.

Krupesh Ghanshyambhai Thakkar, managing director of company has more than a decade of experience in trading and manufacture of plywood, laminates and allied products. He has been conferred with accolades which include “Rajiv Gandhi Shiromani Award” and 'Indira Gandhi Shadbhavna Award' in the year 2007, acknowledging his achievement in their field of work and contribution to the Nation.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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