This Penny Inventory, engaged in manufacturing and advertising ornamental laminate sheets, MDF boards, and associated merchandise, serving home and worldwide markets, is in focus after the administration anticipated income progress of 24 p.c, and the promoter additionally elevated their stake by round 2 p.c.
With a market capitalization of Rs. 828.90 crore, the shares of Rushil Decor Restricted closed at Rs. 28.90 per fairness share, down practically 0.17 p.c from its earlier day’s shut value of Rs. 28.95.
Administration Steering
Rushil Decor Restricted has set a income goal of Rs. 1,100 crores for FY26, up from Rs. 891 crores in FY25, a progress of round 23.5 p.c. It expects an EBITDA margin of 12–14 p.c throughout the group.
For its MDF enterprise, the corporate goals to get 50 p.c of volumes and 60 p.c of income from value-added merchandise (VAP), which is able to assist enhance earnings. MDF income is predicted to develop by 8–10 p.c in FY26. Within the laminate section, jumbo exports are more likely to convey increased margins of 13–15 p.c.
Capability Growth and New Development Areas
Timber costs are anticipated to stabilize in FY26, which ought to help higher value management. Administration additionally expects gross and total margins to enhance as extra value-added merchandise (VAP) are offered and new tasks just like the Jumbo Laminate facility ramp up manufacturing.
The corporate began industrial manufacturing at its Jumbo Laminate facility in April 2025, with Part 1 having a capability of 1.2 million sheets per yr. Export orders have already are available for 15 p.c of this capability.
Moreover, Part 2 is predicted to start by October 2025. Key export markets embrace the U.S., Australia, New Zealand, and Europe, the place margins are increased. The FY26 export goal is Rs. 90 crores, with anticipated margins of 14–16 p.c.
Rushil Decor’s present laminate capability is 34.92 lakh sheets per yr. With an extra 28 lakh sheets deliberate, whole future capability will attain 62.92 lakh sheets yearly. Within the new enterprise, the corporate has entered a three way partnership to supply premium plywood, concentrating on Rs. 15–18 crores in income in FY26 with 5–8 p.c margins. The PVC section can also be anticipated to develop within the coming yr.
Additionally learn: 2 Shares during which promoters elevated their stake within the firm
Monetary Place and Capex Plan
For FY26, the corporate has no main new capital spending deliberate. It is going to solely spend round Rs. 15–20 crores on common operational wants. As of March 31, 2025, the web debt-to-equity ratio was 0.41x. That is anticipated to enhance to about 0.35x by the tip of FY26, helped by scheduled mortgage repayments and the conversion of warrants into fairness.
Overview: Rushil Decor Restricted was established in 1993 and is headquartered in Shilaj, Ahmedabad, Gujarat. The corporate is a number one Indian producer within the ornamental laminates and MDF (Medium Density Fibreboard) panel boards business, with a major world presence spanning over 54 nations.
The corporate has constructed a fame for revolutionary design, high quality, and customer-centric options throughout the fashionable inside infrastructure sector. Rushil Decor operates six state-of-the-art manufacturing crops, with an annual manufacturing capability of three,30,000 CBM MDF and three.49 million laminates.
Promoter Enhance Stake
Rushil Decor Restricted’s promoter group has elevated its stake from 54.63 p.c in December 2024 to 56.37 p.c in March 2025, exhibiting an increase of 1.74 p.c. This displays their confidence within the firm’s future progress.
Monetary Highlights: Rushil Decor Restricted’s income has decreased from Rs. 233 crore in This fall FY24 to Rs. 229 crore in This fall FY25, which is a drop of 1.72 p.c. The online revenue has grown by 44.44 p.c, from Rs. 9 crore in This fall FY24 to Rs. 13 crore in This fall FY25.
Rushil Decor Restricted’s income and internet revenue have grown at a CAGR of 21.54 p.c and 15.85 p.c, respectively, during the last 5 years. When it comes to return ratios, the corporate’s ROCE and ROE stand at 10.1 p.c and seven.96 p.c, respectively. Rushil Decor Restricted has an earnings per share (EPS) of Rs. 1.68, and its debt-to-equity ratio is 0.42x.
Written By – Nikhil Naik
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