Aflagship company of the Rushil Group, Rushil Decor Ltd (RDL) offers comprehensive engineered interior products including decorative laminated sheets and plain particle boards. RDL has an integrated multi-product modern facilities strategically located in Gujarat.
Incorporated in 1993, RDL has an operating capacity of 48 lakh sheets a year in the laminate segment, accounting for about 3 per cent of the country’s total production capacity. Earlier this year, RDL came up with a proposal to set up a manufacturing unit for medium-density fibre (MDF) at Atchutapuram in Visakhaptnam with a capacity of 600 cubic metres per day at an outlay of 559 crore in a phased development.
On the financial front, RDL posted 14.6 per cent increase in its revenue to 86.33 crore in Q1FY18 from 75.34 crore in Q1FY17. The company’s PBDT increased 33.76 per cent to 10.34 crore in the first quarter of FY18 on a yearly basis. The company’s net profit rose 38.61 per cent to 6.42 crore during the same period. On an annual basis, the company’s revenue rose 11.85 per cent to 331.94 crore in FY17 as compared to the previous fiscal. The company’s PBDT rose 63.5 per cent to 40.21 crore in FY17 on a yearly basis. The company’s net profit rose tremendously from
7.15 crore in FY16 to 24.53 crore in FY17, registering 243.07 per cent increase.
The company’s PE stood at 50.11x, whereas its peer Greenlam Industries' PE stood at 46.88x. The stock price of RDL has risen 83.35 per cent in the last one year. We expect price of RDL to soar further.