Rushil Decor Ltd - Stock Valuation and Financial Performance

BSE: 533470 | NSE: RUSHIL | Laminates/Decoratives | Small Cap

Rushil Decor Share Price

292 -3.30 -1.12%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Rushil Decor

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Rushil Decor stock performance -

mw4me loader
P/E Ratio (SA):
16.25
Market Cap:
774.6 Cr.
52-wk low:
202.5
52-wk high:
406.7

Is Rushil Decor Ltd an attractive stock to invest in?

1. Is Rushil Decor Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Rushil Decor Ltd is a average quality company.

2. Is Rushil Decor Ltd undervalued or overvalued?

The key valuation ratios of Rushil Decor Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Rushil Decor Ltd a good buy now?

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

10 Year X-Ray of Rushil Decor:

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.
Rushil Decor Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 6.6%6.3%8.1%15.3%14.6%5.6%5.6%3%5.5%14%-
Value Creation
Index
-0.5-0.6-0.40.10.0-0.6-0.6-0.8-0.6-0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 256276297306344344336335624838824
Sales YoY Gr.-7.8%7.7%3.2%12.2%0.1%-2.4%-0.1%86.1%34.3%-
Adj EPS 1.61.63.912.715.65.611.54.610.138.718
YoY Gr.--4.9%149.7%227.4%23.1%-64.1%105%-60.1%119.7%284.5%-
BVPS (₹) 40.339.843.26581.197.3108.9110.8120154.1183
Adj Net
Profit
32.97.223.629.610.822.110.322.686.848
Cash Flow from Ops. 18.136.632.527.55018.647.177.1-6.6115-
Debt/CF from Ops. 83.23.23.4213.18.64.9-63.63.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.1%19.5%35.7%34.3%
Adj EPS 42.2%19.9%49.9%284.5%
BVPS16.1%13.7%12.3%28.5%
Share Price 23.7% -3.8% 13.8% 40.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
4.13.99.322.9205.710.24.28.226.710.7
Op. Profit
Mgn %
1110.311.915.716.510.71110.411.919.414.2
Net Profit
Mgn %
1.212.47.78.63.16.63.13.610.45.8
Debt to
Equity
1.91.61.30.80.71.31.91.51.61.2-
Working Cap
Days
16515713413415623628024614513976
Cash Conv.
Cycle
5052455261645449606014

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 35.69%

Net Profit is growing at healthy rate in last 3 years 49.92%

Return on Equity has declined versus last 3 years average to 10.70%

Debt to equity has increased versus last 3 years average to 1.17

Sales growth is not so good in last 4 quarters at 0.77%

Latest Financials - Rushil Decor Ltd.

Standalone Consolidated
TTM EPS (₹) 18 -
TTM Sales (₹ Cr.) 824 -
BVPS (₹.) 183 -
Reserves (₹ Cr.) 459 -
P/BV 1.59 -
PE 16.25 -
From the Market
52 Week Low / High (₹) 202.47 / 406.70
All Time Low / High (₹) 20.15 / 922.97
Market Cap (₹ Cr.) 775
Equity (₹ Cr.) 26.5
Face Value (₹) 10
Industry PE 29.7

Management X-Ray of Rushil Decor:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *18.1318.1318.1318.1318.1318.1318.1313.2713.2713.27
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Rushil Decor

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales256276297306344344336335624838
Operating Expenses 228247261258287307299300550689
Manufacturing Costs3234444246505453113118
Material Costs159173173168181192175182316415
Employee Cost 14161818212629274147
Other Costs 232527303940413980109
Operating Profit 282835485637373574149
Operating Profit Margin (%) 10.9%10.3%11.9%15.7%16.4%10.7%11.0%10.4%11.8%17.8%
Other Income 2213384411
Interest 1514121091412122024
Depreciation 8767899102426
Exceptional Items 0-600000200
Profit Before Tax 7318344323201931101
Tax 44119129-35824
Profit After Tax 3-1725311423142378
PAT Margin (%) 1.2%-0.2%2.4%8.1%9.0%4.2%6.9%4.1%3.7%9.3%
Adjusted EPS (₹)1.6-0.43.913.416.37.412.06.210.234.6
Dividend Payout Ratio (%)0%0%10%3%2%5%3%7%4%1%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 757480121171206228264287363
Share Capital 14141414151515202020
Reserves 606066106156191213244267343
Minority Interest0000000000
Debt128100917986233397349371354
Long Term Debt7656443339180339295286269
Short Term Debt51434746475358548585
Trade Payables554951416474968088132
Others Liabilities 39394256576564115141149
Total Liabilities 296262264296377578786808887998

Fixed Assets

Gross Block179162170200239258260659690763
Accumulated Depreciation252531384554627296122
Net Fixed Assets155137139162194204197587594641
CWIP 0012498338100
Investments 0000000000
Inventories6556616283888684155187
Trade Receivables424441484855615883119
Cash Equivalents 67675661265
Others Assets291815174212797674845
Total Assets 296262264296377578786808887998

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1837332750194777-7115
PBT 7318344323201931101
Adjustment 23271817162221204550
Changes in Working Capital -1070-16-1-18841-82-23
Tax Paid -2-1-4-7-8-9-2-30-13
Cash Flow From Investing Activity -185-7-9-64-172-198-39-15-76
Capex -145-10-9-42-112-242-61-30-73
Net Investments 0000000000
Others -4030-21-59442215-3
Cash Flow From Financing Activity 1-41-26-1812153151-3821-39
Net Proceeds from Shares 0000202002410
Net Proceeds from Borrowing 8-20-13-116141159-44-9-18
Interest Paid -15-14-12-10-9-14-12-12-20-24
Dividend Paid -10-1-1-1-1-1-1-1-1
Others 9-6-14-465-5504
Net Cash Flow 11-10-1001-10
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)4.11-0.879.2624.7622.528.411.66.018.8525.27
ROCE (%)10.538.6515.821.9221.8310.636.075.017.7617.33
Asset Turnover Ratio0.971.061.221.191.040.720.490.420.740.89
PAT to CFO Conversion(x)6N/A4.711.081.611.362.045.5-0.31.47
Working Capital Days
Receivable Days54534849505563654144
Inventory Days77756768759194927074
Payable Days119110106991051311771769797

Rushil Decor Ltd Stock News

Rushil Decor Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Rushil Decor on 28-Mar-2024 16:01 is ₹292.0.
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 28-Mar-2024 16:01 the market cap of Rushil Decor stood at ₹774.6.
The latest P/E ratio of Rushil Decor as of 28-Mar-2024 16:01 is 16.25.
The latest P/B ratio of Rushil Decor as of 28-Mar-2024 16:01 is 1.59.
The 52-week high of Rushil Decor is ₹406.7 and the 52-week low is ₹202.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rushil Decor is ₹824.5 ( Cr.) .

About Rushil Decor Ltd

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.

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