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Last Updated on: 18 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Rushil Decor Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 1:23 pm

Market Cap 869 Cr.
Current Price 32.1
High / Low45.5/28.5
Stock P/E19.6
Book Value 21.8
Dividend Yield0.31 %
ROCE11.9 %
ROE9.86 %
Face Value 1.00
PEG Ratio1.47

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Rushil Decor Ltd

Competitors of Rushil Decor Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Ecoboard Industries Ltd 39.4 Cr. 22.146.6/22.1 5.230.00 %10.8 %28.6 % 10.0
Duroply Industries Ltd 252 Cr. 256370/15187.0 1320.00 %6.08 %0.98 % 10.0
Archidply Decor Ltd 51.8 Cr. 93.0147/76.4173 91.30.00 %4.13 %0.06 % 10.0
Ambition Mica Ltd 4.42 Cr. 2.964.20/2.57 8.380.00 %7.00 %% 10.0
Rushil Decor Ltd 869 Cr. 32.145.5/28.519.6 21.80.31 %11.9 %9.86 % 1.00
Industry Average4,105.29 Cr221.5266.7561.550.09%10.45%10.68%6.40

All Competitor Stocks of Rushil Decor Ltd

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales98.7590.99171.32166.75195.10210.78203.39210.31213.92192.82204.61213.12233.43
Expenses87.8789.48149.42147.79163.52163.25156.26183.78185.71163.91175.68182.47204.20
Operating Profit10.881.5121.9018.9631.5847.5347.1326.5328.2128.9128.9330.6529.23
OPM %11.02%1.66%12.78%11.37%16.19%22.55%23.17%12.61%13.19%14.99%14.14%14.38%12.52%
Other Income2.940.180.202.67-1.640.170.450.440.322.270.530.361.90
Interest3.405.885.765.732.944.875.656.486.547.528.348.417.97
Depreciation3.175.906.026.126.336.126.487.076.327.247.367.397.29
Profit before tax7.25-10.0910.329.7820.6736.7135.4513.4215.6716.4213.7615.2115.87
Tax %28.41%24.78%25.48%25.56%25.40%25.91%24.74%23.77%13.47%25.70%23.33%25.31%43.29%
Net Profit5.19-7.587.687.2915.4127.2026.6810.2313.5612.2010.5511.369.00
EPS in Rs2.01-2.892.932.755.8210.2610.073.865.124.603.974.283.39

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales182256276297306344344336335624838844
Expenses159228247261258287307299300550689724
Operating Profit23282835485637373574149120
OPM %13%11%10%12%16%16%11%11%10%12%18%14%
Other Income11-4133846113
Interest11151412109141212202432
Depreciation5876789910242629
Profit before tax9731834432320193110161
Tax %53%54%119%60%26%28%37%-17%27%26%23%30%
Net Profit43-172531142314237843
EPS in Rs1.571.18-0.252.799.7211.855.418.705.328.6029.3116.24
Dividend Payout %18%0%0%10%3%2%5%3%7%4%1%9%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-25.00%-133.33%800.00%257.14%24.00%-54.84%64.29%-39.13%64.29%239.13%-44.87%
Change in YoY Net Profit Growth (%)0.00%-108.33%933.33%-542.86%-233.14%-78.84%119.12%-103.42%103.42%174.84%-284.00%

Rushil Decor Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:13%
5 Years:20%
3 Years:36%
TTM:9%
Compounded Profit Growth
10 Years:30%
5 Years:25%
3 Years:51%
TTM:-5%
Stock Price CAGR
10 Years:23%
5 Years:23%
3 Years:4%
1 Year:-8%
Return on Equity
10 Years:12%
5 Years:12%
3 Years:14%
Last Year:10%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:45 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital14141414141515152020202727
Reserves57606066111156191213244267343485563
Borrowings12714411810493101245405379420406296264
Other Liabilities6678707978105128152166180229293301
Total Liabilities2652962622642963775787868088879981,0991,156
Fixed Assets149155137139162194204197587594641630631
CWIP00012498338100632
Investments0000000000004
Other Assets116142125124133178276250220292356463490
Total Assets2652962622642963775787868088879981,0991,156

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +141837332850194777-711541
Cash from Investing Activity +-18-185-7-9-64-172-198-39-15-76-35
Cash from Financing Activity +51-41-26-1812153151-3821-39-6
Net Cash Flow011-10-1001-1-0-0

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-104.00-116.00-90.00-69.00-45.00-45.00-208.00-368.00-344.00-346.00-257.00-176.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days796058505751596763485271
Inventory Days162150119129134168167179169179164186
Days Payable15712610410789129140200160101116141
Cash Conversion Cycle8484727210391864572126100115
Working Capital Days787253557366867569807499
ROCE %10%11%12%16%22%21%10%6%5%8%17%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters55.02%55.02%55.03%55.03%55.03%55.03%56.39%56.39%56.39%56.39%55.34%54.81%
FIIs3.29%2.77%1.33%1.55%1.22%1.45%0.92%0.95%1.17%1.17%2.15%1.95%
DIIs0.35%0.21%0.00%0.28%0.28%0.00%0.00%0.00%0.01%0.00%0.00%0.00%
Public41.33%41.99%43.64%43.13%43.48%43.51%42.69%42.65%42.41%42.43%42.51%43.24%
No. of Shareholders7,3748,97810,11514,89517,72315,55017,29318,56522,25724,29326,42745,708

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)16.8039.0111.458.1115.44
Diluted EPS (Rs.)16.8039.0111.458.1115.44
Cash EPS (Rs.)27.2752.0623.6911.8821.26
Book Value[Excl.RevalReserv]/Share (Rs.)204.49173.64135.16124.90140.56
Book Value[Incl.RevalReserv]/Share (Rs.)204.49182.51144.04133.85152.97
Dividend / Share (Rs.)1.000.500.500.500.50
Revenue From Operations / Share (Rs.)317.97421.09313.50169.98224.76
PBDIT / Share (Rs.)46.2675.7237.8519.9127.09
PBIT / Share (Rs.)35.2362.6725.6114.9821.27
PBT / Share (Rs.)23.0850.8515.419.4613.20
Net Profit / Share (Rs.)16.2439.0111.456.9515.44
PBDIT Margin (%)14.5417.9812.0711.7112.05
PBIT Margin (%)11.0814.888.168.819.46
PBT Margin (%)7.2512.074.915.565.87
Net Profit Margin (%)5.109.263.654.086.86
Return on Networth / Equity (%)7.9422.468.475.5610.98
Return on Capital Employeed (%)12.0517.878.124.865.21
Return On Assets (%)3.927.782.571.692.93
Long Term Debt / Equity (X)0.290.771.061.201.61
Total Debt / Equity (X)0.541.171.561.421.89
Asset Turnover Ratio (%)0.800.880.730.420.49
Current Ratio (X)1.331.131.070.951.10
Quick Ratio (X)0.630.500.460.530.60
Inventory Turnover Ratio (X)2.132.533.092.051.99
Dividend Payout Ratio (NP) (%)0.001.284.366.303.23
Dividend Payout Ratio (CP) (%)0.000.962.103.682.35
Earning Retention Ratio (%)0.0098.7295.6493.7096.77
Cash Earning Retention Ratio (%)0.0099.0497.9096.3297.65
Interest Coverage Ratio (X)3.816.413.713.163.36
Interest Coverage Ratio (Post Tax) (X)2.344.302.121.982.91
Enterprise Value (Cr.)1059.06921.301489.26749.88496.38
EV / Net Operating Revenue (X)1.251.102.392.241.48
EV / EBITDA (X)8.636.1119.7619.0812.27
MarketCap / Net Operating Revenue (X)0.910.621.721.230.31
Retention Ratios (%)0.0098.7195.6393.6996.76
Price / BV (X)1.431.514.001.670.50
Price / Net Operating Revenue (X)0.910.621.721.230.31
EarningsYield0.050.140.020.030.21

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Rushil Decor Ltd as of November 18, 2024 is: 42.26

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 18, 2024, Rushil Decor Ltd is Undervalued by 31.65% compared to the current share price 32.10

Intrinsic Value of Rushil Decor Ltd as of November 18, 2024 is: 47.88

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 18, 2024, Rushil Decor Ltd is Undervalued by 49.16% compared to the current share price 32.10

Last 5 Year EPS CAGR: 13.30%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (415.17 cr) and profit (30.75 cr) over the years.
  1. The stock has a low average ROCE of 12.50%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 73.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 87.50, which may not be favorable.
  4. The company has higher borrowings (238.62) compared to reserves (216.62), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Rushil Decor Ltd:
    1. Net Profit Margin: 5.1%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 12.05% (Industry Average ROCE: 10.45%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 7.94% (Industry Average ROE: 10.68%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 2.34
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.63
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 19.6 (Industry average Stock P/E: 66.75)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.54
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Rushil Decor Ltd. is a Public Limited Listed company incorporated on 24/05/1993 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L25209GJ1993PLC019532 and registration number is 019532. Currently Company is involved in the business activities of Manufacture of other articles of paper and paperboard. Company’s Total Operating Revenue is Rs. 624.17 Cr. and Equity Capital is Rs. 19.91 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
LaminatesS.No.125, Near Kalyanpura Patia, Gandhinagar Mansa Road, Gandhinagar District Gujarat 382845info@rushil.com
http://www.rushil.com
Management
NamePosition Held
Mr. Krupesh G ThakkarChairman & Managing Director
Mr. Rushil K ThakkarExecutive Director
Mr. Ramanik T KansagaraWhole Time Director
Mr. Shankar Prasad BhagatNon Executive Director
Ms. Shreyaben MilankumarInd. Non-Executive Director
Mr. Kantilal A PujInd. Non-Executive Director

FAQ

What is the latest intrinsic value of Rushil Decor Ltd?

The latest intrinsic value of Rushil Decor Ltd as on 18 November 2024 is ₹42.26, which is 31.65% higher than the current market price of ₹32.10.

What is the Market Cap of Rushil Decor Ltd?

The Market Cap of Rushil Decor Ltd is 869 Cr..

What is the current Stock Price of Rushil Decor Ltd as on 18 November 2024?

The current stock price of Rushil Decor Ltd as on 18 November 2024 is ₹32.1.

What is the High / Low of Rushil Decor Ltd stocks in FY 2024?

In FY 2024, the High / Low of Rushil Decor Ltd stocks is 45.5/28.5.

What is the Stock P/E of Rushil Decor Ltd?

The Stock P/E of Rushil Decor Ltd is 19.6.

What is the Book Value of Rushil Decor Ltd?

The Book Value of Rushil Decor Ltd is 21.8.

What is the Dividend Yield of Rushil Decor Ltd?

The Dividend Yield of Rushil Decor Ltd is 0.31 %.

What is the ROCE of Rushil Decor Ltd?

The ROCE of Rushil Decor Ltd is 11.9 %.

What is the ROE of Rushil Decor Ltd?

The ROE of Rushil Decor Ltd is 9.86 %.

What is the Face Value of Rushil Decor Ltd?

The Face Value of Rushil Decor Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Rushil Decor Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE