Rushil Decor Limited
NSE: RUSHIL · Plywood Boards/ Laminates · sector
₹14.74NSE close 2026-10-26
Key numbers
Market cap₹432 cr
Price₹14.74
52w high / low₹28 / ₹12
P/E18.7xSector median 20.9x
P/B0.7xSector median 4.3x
Book value₹22.2
Dividend yield0.68%Sector median 0.17%
ROE3.5%Sector median 5.8%
ROCE6.8%Sector median 8.5%
OPM9.9%Sector median 8.7%
Debt / equity0.40xSector median 0.38x
EV/EBITDA4.7xSector median 15.2x
Interest cover2.0x
Current ratio1.15x
Sales growth 3y+0.9%Sector median +5.8%
Profit growth 3y-55.8%Sector median -15.4%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 12 companies in Plywood Boards/ Laminates (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹268 cr vs borrowings ₹260 cr (FY26): cash is higher (net cash).
- Borrowings fell in each of the last 3 years (₹406 cr → ₹260 cr).
- Operating profit covered interest 2.0x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY24, FY22).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 27% of net profit in the last 12 months.
- Debtor days went from 71 (FY24) to 83 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹14.74 on 2026-10-26: -46.7% from the 52-week high, +18.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹37.80 · low ₹14.72
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 230 | 212 | 231 | 179 | 236 | 217 | 231 | 229 |
| EBITDA | 30 | 27 | 25 | -2 | 22 | 23 | 26 | 18 |
| OPM % | 12.9% | 12.9% | 10.9% | -1.2% | 9.5% | 10.7% | 11.5% | 8.0% |
| Other income | 1 | 3 | 5 | 0 | 1 | 1 | 4 | 1 |
| Net profit | 11 | 12 | 13 | -14 | 5 | 5 | 10 | 2 |
| EPS (₹) | 0.42 | 0.42 | 0.45 | -0.49 | 0.19 | 0.19 | 0.34 | 0.07 |
| Revenue YoY | +2.3% | +2.3% | +0.1% | +27.8% | ||||
| Profit YoY | -54.9% | -53.9% | -20.6% | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 624 | 838 | 844 | 898 | 862 | 912 |
| EBITDA | 74 | 149 | 120 | 108 | 70 | 90 |
| Net profit | 23 | 78 | 43 | 48 | 7 | 23 |
| EPS (₹) | 1.15 | 3.90 | 1.68 | 1.75 | 0.22 | 0.79 |
| Revenue growth | +34.3% | +0.7% | +6.4% | -4.0% | +7.0% | |
| Profit growth | +240.7% | -44.5% | +11.5% | -86.0% | +3.8% | |
| Dividend / share (₹) | 0.50 | 0.50 | 0.50 | 0.10 | 0.10 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +0.9% | +20.8% | +7.1% |
| Net profit | -55.8% | -13.3% | +3.8% |
| EPS | -61.7% | -23.0% | – |
| Share price | – | -34.0% (2y) | -46.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 363 | 543 | 633 | 651 |
| Borrowings | – | 406 | 296 | 267 | 260 |
| Cash & equivalents | – | 5 | 11 | 5 | 268 |
| Total assets | – | 998 | 1,099 | 1,239 | 1,291 |
| Fixed assets | – | 635 | 624 | 704 | 726 |
| Capital work in progress | – | 0 | 6 | 7 | 11 |
| Investments | – | 0 | 0 | 0 | 3 |
| Receivables | – | 119 | 164 | 187 | 195 |
| Inventory | – | 187 | 225 | 241 | 0 |
| Payables | – | 132 | 171 | 220 | 266 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -7 | 115 | 41 | 108 | 89 |
| Cash from investing | -15 | -76 | -35 | -97 | -62 |
| Cash from financing | 21 | -39 | -6 | -11 | -27 |
| Capex | 30 | 73 | 24 | 108 | 68 |
| Free cash flow | -37 | 42 | 16 | -0 | 21 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 21.4% | 7.9% | 7.6% | 1.0% |
| ROCE % | – | 16.2% | 11.2% | 10.0% | 4.5% |
| Debtor days | – | 52 | 71 | 76 | 83 |
| Inventory days | – | 164 | 186 | 183 | 0 |
| Payable days | – | 116 | 141 | 167 | 207 |
| Cash conversion cycle (days) | – | 100 | 116 | 92 | -124 |
| Working capital days | – | 17 | 46 | 48 | 29 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 55.10% |
| FIIs | 1.05% |
| DIIs | 0.51% |
| Public (non-institutions) | 43.34% |
| Quarter | Mar 2025 | Jun 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 56.37% | 55.10% | 55.10% | 55.10% | 55.10% | 55.10% | 55.10% | 55.10% |
| Promoter group | % |
|---|---|
| Krupesh Ghanshyambhai Thakkar | 13.99% |
| Rushil International, A Partnership Firm (MR. Krupesh G. Thakkar and MR. Rushil K. Thakkar ARE Partners) | 13.11% |
| Deenuben Ghanshyambhai Thakkar | 11.53% |
| Krupesh Ghanshyambhai Thakkar-huf (Karta-krupesh Thakkar) | 9.15% |
| Rushil K Thakkar | 5.12% |
| Krupa Krupesh Thakkar | 1.86% |
| Masumi Krupeshbhai Thakkar | 0.34% |
| Public holders above 1% | % |
|---|---|
| Tirthankar Shares and Services PVT | 1.72% |
| Nisarg Ajaykumar Vakharia | 1.70% |
48,965 shareholders. Pledged: 0.00% of promoter shares.
Peers in Plywood Boards/ Laminates
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| CENTURYPLY | ₹14,150 cr | 48.6x | 5.4x | 11.7% | 12.3% | 12.3% | +14.0% | 0.15% |
| GREENLAM | ₹5,360 cr | 57.6x | 4.5x | 8.1% | 10.1% | 11.2% | +14.6% | 0.19% |
| STYLAMIND | ₹5,303 cr | 31.3x | 6.6x | 23.2% | 26.8% | 20.2% | +5.8% | – |
| GREENPLY | ₹3,635 cr | 36.7x | 4.1x | 11.6% | 15.1% | 9.4% | +14.1% | 0.17% |
| EUROPRATIK | ₹1,796 cr | 20.9x | 5.8x | 27.8% | 37.5% | 31.5% | – | 0.11% |
| GREENPANEL | ₹1,605 cr | 242.3x | 1.2x | 0.5% | 2.3% | 8.0% | -4.8% | – |
| RUSHIL | ₹432 cr | 18.7x | 0.7x | 3.5% | 6.8% | 9.9% | +0.9% | 0.68% |
| ARCHIDPLY | ₹181 cr | 13.9x | 1.6x | 12.1% | 11.8% | 6.5% | +16.7% | – |
| ECOBOAR | ₹156 cr | 19.2x | 6.9x | -118.4% | -33.9% | -26.1% | -14.8% | – |
| DUROPLY | ₹106 cr | 13.9x | 0.7x | 1.4% | 6.9% | 4.9% | +10.0% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Medium Density Fiber Board | ₹629 cr | 71.0% | ₹26 cr | 4.2% |
| Laminates & allied products | ₹215 cr | 24.3% | ₹13 cr | 6.1% |
| Polyvinyl Chloride Board | ₹36 cr | 4.1% | ₹2 cr | 5.4% |
| Plywood | ₹6 cr | 0.6% | ₹-1 cr | -10.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-08 | Dividend | Dividend - Re 0.05 Per Share |
| 2025-09-12 | Dividend | Dividend - Re 0.10 Per Share |
| 2024-09-13 | Dividend | Dividend - Re 0.10 Per Share |
| 2024-08-09 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share |
| 2023-09-15 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2023-04-13 | Rights | Rights 1:3 @ Premium Rs 152/- |
| 2022-09-19 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2021-09-17 | Dividend | Annual General Meeting/Dividend - Rs 0.50 Per Share |
| 2020-12-10 | Dividend | Annual General Meeting/Dividend - Rs 0.50 Per Share |
| 2020-09-10 | Rights | Rights 1:3 @ Premium Rs 40/- |
| 2019-09-12 | Dividend | Annual General Meeting/Dividend - Rs 0.50 Per Share |
| 2018-09-12 | Dividend | Annual General Meeting/Dividend Re 0.50 Per Share |
| 2017-09-14 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2016-09-15 | Dividend | Annual General Meeting/ Dividend- Re 0.50 Per Share |
| 2016-03-17 | Dividend | Interim Dividend - Re 0.50/- Per Share (Purpose Revised) |
| 2015-09-16 | Other | Annual General Meeting |
| 2014-09-17 | Other | Annual General Meeting |
| 2013-09-19 | Dividend | Annual General Meeting / Final Dividend - Re 0.50/- Per Share |
| 2012-08-13 | Dividend | Annual General Meeting/ Dividend Re. 0.50 Per Share |
| 2011-09-14 | Dividend | Annual General Meeting And Dividend Re.0.50 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Medium Density Fibre Boards
- Manufacturing: Decorative Laminate Sheets
| Sector | Consumer Discretionary |
| Industry | Plywood Boards/ Laminates |
| Sub-industry | Plywood Boards/ Laminates |
| Symbol | RUSHIL |
| BSE code | 533470 |
| ISIN | INE573K01025 |
| Face value | ₹1.0 |
| Incorporated | 1993-05-24 |
| Website | www.rushil.com |
| Plants (India / abroad) | 6 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.