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Last Updated: April 2, 2026, 3:35 am
Author: Getaka|Social: XLinkedIn

Rushil Decor Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹65.53Undervalued by 345.78%vs CMP ₹14.70

P/E (47.1) × ROE (8.0%) × BV (₹21.70) × DY (0.68%)

₹26.96Undervalued by 83.40%vs CMP ₹14.70
MoS: +45.5% (Strong)Confidence: 48/100 (Moderate)Models: 5 Under, 1 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹55.3626%Under (+276.6%)
Graham NumberEarnings₹13.4419%Fair (-8.6%)
Earnings PowerEarnings₹5.3713%Over (-63.5%)
Net Asset ValueAssets₹21.648%Under (+47.2%)
EV/EBITDAEnterprise₹27.3211%Under (+85.9%)
Earnings YieldEarnings₹3.708%Over (-74.8%)
ROCE CapitalReturns₹26.618%Under (+81%)
Revenue MultipleRevenue₹30.326%Under (+106.3%)
Consensus (8 models)₹26.96100%Undervalued
Key Drivers: EPS CAGR -15.5% drags value — could be higher if earnings stabilize. | Wide model spread (₹4–₹55) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -15.5%

*Investments are subject to market risks

Investment Snapshot

52
Rushil Decor Ltd scores 52/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health61/100 · Moderate
ROCE 10.1% AverageROE 8.0% AverageD/E 0.43 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 55.1% Stable
Earnings Quality50/100 · Moderate
OPM stable around 13% Steady
Quarterly Momentum40/100 · Moderate
Revenue (4Q): -5% YoY FlatProfit (4Q): -76% YoY Declining
Industry Rank55/100 · Moderate
P/E 47.1 vs industry 148.3 Cheaper than peersROCE 10.1% vs industry 11.7% AverageROE 8.0% vs industry 30.2% Below peers3Y sales CAGR: 13% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Rushil Decor Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
50/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 47.1 vs Ind 148.3 | ROCE 10.1% | ROE 8.0% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.43x | IntCov 0.0x | Current 1.31x | Borrow/Reserve 0.46x
Cash Flow Reliability
29/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹48 Cr | CFO/NP N/A
Ownership Accumulation
-25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.01 pp | DII 0.00 pp | Prom 0.00 pp
Business Momentum
-10
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -7.7% | Q NP -5.0% | Q OPM +1.0 pp
Derived FieldValueHow it is derived
Valuation Gap %+83.4%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.46xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.01 ppLatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-2,339Latest shareholder count minus previous count
Quarterly Sales Change-7.7%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-5.0%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+1.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:35 am

Market Cap 432 Cr.
Current Price 14.7
Intrinsic Value₹26.96
High / Low 34.0/12.5
Stock P/E47.1
Book Value 21.7
Dividend Yield0.68 %
ROCE10.1 %
ROE7.96 %
Face Value 1.00
PEG Ratio-3.03

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

View Share Price Target for Rushil Decor Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Rushil Decor Ltd 432 Cr. 14.7 34.0/12.547.1 21.70.68 %10.1 %7.96 % 1.00
Ecoboard Industries Ltd 145 Cr. 62.9 66.2/24.2 3.810.00 %40.2 %239 % 10.0
Duroply Industries Ltd 144 Cr. 133 270/12119.9 1400.00 %7.23 %5.22 % 10.0
Archidply Industries Ltd 135 Cr. 68.1 121/60.012.6 62.80.00 %9.56 %6.74 % 10.0
Airo Lam Ltd 126 Cr. 84.2 137/82.014.7 53.40.00 %7.78 %4.77 % 10.0
Industry Average2,998.67 Cr156.90148.3164.690.13%11.65%30.18%5.91

All Competitor Stocks of Rushil Decor Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 210.31213.92192.82204.61213.12233.43223.50228.63210.39228.81177.29233.24215.23
Expenses 183.78185.71163.91175.68182.47204.19197.93199.15183.23205.69179.29210.18191.84
Operating Profit 26.5328.2128.9128.9330.6529.2425.5729.4827.1623.12-2.0023.0623.39
OPM % 12.61%13.19%14.99%14.14%14.38%12.53%11.44%12.89%12.91%10.10%-1.13%9.89%10.87%
Other Income 0.440.322.270.530.361.903.381.083.246.780.440.640.82
Interest 6.486.547.528.348.417.975.127.507.417.098.306.907.99
Depreciation 7.076.327.247.367.397.297.347.457.497.448.278.448.60
Profit before tax 13.4215.6716.4213.7615.2115.8816.4915.6115.5015.37-18.138.367.62
Tax % 23.77%13.47%25.70%23.33%25.31%43.26%25.35%25.69%25.68%16.20%-24.60%28.59%25.59%
Net Profit 10.2313.5612.2010.5511.369.0012.3111.6011.5112.88-13.685.975.67
EPS in Rs 0.390.510.460.400.430.340.460.420.420.45-0.470.200.19

Last Updated: February 4, 2026, 9:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 3:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 256276297306344344336335624838844891855
Expenses 228247261258287307299300550689724786787
Operating Profit 28283548563737357414912010568
OPM % 11%10%12%16%16%11%11%10%12%18%14%12%8%
Other Income 1-4133846113149
Interest 1514121091412122024322730
Depreciation 8767899102426293033
Profit before tax 7318344323201931101616313
Tax % 54%119%60%26%28%37%-17%27%26%23%30%23%
Net Profit 3-1725311423142378434811
EPS in Rs 0.12-0.030.280.971.180.540.870.530.862.931.621.680.37
Dividend Payout % 0%0%10%3%2%5%3%7%4%1%6%6%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-133.33%800.00%257.14%24.00%-54.84%64.29%-39.13%64.29%239.13%-44.87%11.63%
Change in YoY Net Profit Growth (%)0.00%933.33%-542.86%-233.14%-78.84%119.12%-103.42%103.42%174.84%-284.00%56.50%

Rushil Decor Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:12%
5 Years:22%
3 Years:13%
TTM:-3%
Compounded Profit Growth
10 Years:43%
5 Years:15%
3 Years:27%
TTM:-52%
Stock Price CAGR
10 Years:9%
5 Years:25%
3 Years:-21%
1 Year:-29%
Return on Equity
10 Years:12%
5 Years:11%
3 Years:12%
Last Year:8%

Last Updated: September 5, 2025, 1:10 pm

Balance Sheet

Last Updated: December 4, 2025, 1:54 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 14141414151515202020272929
Reserves 606066111156191213244267343516604607
Borrowings 14411810493101245405379420406296267277
Other Liabilities 78707978105128152166180229261330353
Total Liabilities 2962622642963775787868088879981,0991,2301,267
Fixed Assets 155137139162194204197587594641630702699
CWIP 00124983381006625
Investments 0000000000045
Other Assets 142125124133178276250220292356463518537
Total Assets 2962622642963775787868088879981,0991,2301,267

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1837332850194777-711541108
Cash from Investing Activity + -185-7-9-64-172-198-39-15-76-35-97
Cash from Financing Activity + 1-41-26-1812153151-3821-39-6-12
Net Cash Flow 11-10-1001-1-000
Free Cash Flow 44123188-94-19516-3742177
CFO/OP 70%133%92%73%103%75%132%229%-9%86%41%111%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-116.00-90.00-69.00-45.00-45.00-208.00-368.00-344.00-346.00-257.00-176.00-162.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 605850575159676348527176
Inventory Days 150119129134168167179169179164186183
Days Payable 12610410789129140200160101116141168
Cash Conversion Cycle 8472721039186457212610011591
Working Capital Days -2-4-318172912-222144245
ROCE %11%12%16%22%21%10%6%5%8%17%12%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 55.03%56.39%56.39%56.39%56.39%55.34%54.81%54.63%56.37%55.11%55.11%55.11%
FIIs 1.45%0.92%0.95%1.17%1.17%2.15%1.95%1.96%1.35%1.18%1.24%1.23%
DIIs 0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.07%0.06%0.06%0.06%0.06%
Public 43.51%42.69%42.65%42.41%42.43%42.51%43.24%43.35%42.21%43.65%43.60%43.61%
No. of Shareholders 15,55017,29318,56522,25724,29326,42745,70854,36355,32056,39455,52853,189

Shareholding Pattern Chart

No. of Shareholders

Rushil Decor Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25
FaceValue 1.00
Basic EPS (Rs.) 1.75
Diluted EPS (Rs.) 1.63
Cash EPS (Rs.) 2.72
Book Value[Excl.RevalReserv]/Share (Rs.) 21.51
Book Value[Incl.RevalReserv]/Share (Rs.) 22.05
Revenue From Operations / Share (Rs.) 31.31
PBDIT / Share (Rs.) 4.12
PBIT / Share (Rs.) 3.07
PBT / Share (Rs.) 2.18
Net Profit / Share (Rs.) 1.67
NP After MI And SOA / Share (Rs.) 1.68
PBDIT Margin (%) 13.16
PBIT Margin (%) 9.82
PBT Margin (%) 6.96
Net Profit Margin (%) 5.33
NP After MI And SOA Margin (%) 5.35
Return on Networth / Equity (%) 7.79
Return on Capital Employeed (%) 10.28
Return On Assets (%) 3.88
Long Term Debt / Equity (X) 0.22
Total Debt / Equity (X) 0.43
Current Ratio (X) 1.31
Quick Ratio (X) 0.67
Dividend Payout Ratio (NP) (%) 5.71
Dividend Payout Ratio (CP) (%) 3.52
Earning Retention Ratio (%) 94.29
Cash Earning Retention Ratio (%) 96.48
Interest Coverage Ratio (X) 4.28
Interest Coverage Ratio (Post Tax) (X) 2.66
Enterprise Value (Cr.) 867.67
EV / Net Operating Revenue (X) 0.96
EV / EBITDA (X) 7.34
MarketCap / Net Operating Revenue (X) 0.67
Retention Ratios (%) 94.28
Price / BV (X) 0.97
Price / Net Operating Revenue (X) 0.67
EarningsYield 0.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 veneer sheets; manufacture of plywood, laminboard, particle board and other panels and board. Company's Total Operating Revenue is Rs. 891.34 Cr. and Equity Capital is Rs. 28.68 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
LaminatesS NO 149, Near Kalyanpura Patia, Village Itla, Gandhinagar Mansa Road, Gandhinagar District Gujarat 382845Contact not found
Management
NamePosition Held
Mr. Krupesh G ThakkarChairman & Managing Director
Mr. Rushil K ThakkarExecutive Director
Mr. Ramanik T KansagaraWhole Time Director
Mr. Kantilal A PujIndependent Director
Ms. Shreya M ShahIndependent Director
Mr. Hiren S MahadeviaIndependent Director

FAQ

What is the intrinsic value of Rushil Decor Ltd and is it undervalued?

As of 07 April 2026, Rushil Decor Ltd's intrinsic value is ₹26.96, which is 83.40% higher than the current market price of ₹14.70, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (7.96 %), book value (₹21.7), dividend yield (0.68 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Rushil Decor Ltd?

Rushil Decor Ltd is trading at ₹14.70 as of 07 April 2026, with a FY2026-2027 high of ₹34.0 and low of ₹12.5. The stock is currently near its 52-week low. Market cap stands at ₹432 Cr..

How does Rushil Decor Ltd's P/E ratio compare to its industry?

Rushil Decor Ltd has a P/E ratio of 47.1, which is below the industry average of 148.31. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Rushil Decor Ltd financially healthy?

Key indicators for Rushil Decor Ltd: ROCE of 10.1 % is moderate; ROE of 7.96 % is below ideal levels (industry average: 30.18%). Dividend yield is 0.68 %.

Is Rushil Decor Ltd profitable and how is the profit trend?

Rushil Decor Ltd reported a net profit of ₹48 Cr in Mar 2025 on revenue of ₹891 Cr. Compared to ₹23 Cr in Mar 2022, the net profit shows an improving trend.

Does Rushil Decor Ltd pay dividends?

Rushil Decor Ltd has a dividend yield of 0.68 % at the current price of ₹14.70. The company pays dividends, though the yield is modest.

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