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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Rushil Decor Ltd

About the Company - Rushil Decor Ltd

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 ThakkarWhole Time Director
Mr. Ramanik T KansagaraWhole Time Director
Ms. Shreyaben MilankumarAddnl. & Ind.Director
Mr. Shankar Prasad BhagatInd. Non-Executive Director
Mr. Kantilal A PujInd. Non-Executive Director

Rushil Decor Ltd. Share Price Update

Share PriceValue
Today₹338.35
Previous Day₹335.20

Basic Stock Data of Rushil Decor Ltd

Market Cap 935 Cr.
Current Price 352
High / Low407/203
Stock P/E19.6
Book Value 185
Dividend Yield0.14 %
ROCE16.9 %
ROE23.9 %
Face Value 10.0

Data Source: screener.in

Competitors of Rushil Decor Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Airo Lam Ltd 262 Cr. 175190/64.529.4 45.90.00 %12.6 %12.3 % 10.0
Ambition Mica Ltd 5.67 Cr. 3.807.24/3.46 8.380.00 %7.00 %% 10.0
Alfa Ica (India) Ltd 24.3 Cr. 60.168.1/36.116.4 51.50.00 %10.1 %7.55 % 10.0
Industry Average97.32 Cr79.6315.2735.260.00%9.90%6.62%10.00

Rushil Decor Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales95939991171167195211203210214193205
Expenses82838889149148164163156184186164176
Operating Profit1310112221932484727282929
OPM %14%10%11%2%13%11%16%23%23%13%13%15%14%
Other Income023003-2000021
Interest3336663566788
Depreciation2236666667677
Profit before tax877-10101021373513161614
Tax %15%24%28%25%25%26%25%26%25%24%13%26%23%
Net Profit755-88715272710141211
EPS in Rs2.572.012.01-2.892.932.755.8210.2610.073.865.124.603.97

Rushil Decor Ltd Quarterly Chart

Rushil Decor Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales153182256276297306344344336335624838824
Expenses136159228247261258287307299300550689708
Operating Profit1723282835485637373574149117
OPM %11%13%11%10%12%16%16%11%11%10%12%18%14%
Other Income111-4133846113
Interest811151412109141212202431
Depreciation35876789910242628
Profit before tax89731834432320193110161
Tax %28%53%54%119%60%26%28%37%-17%27%26%23%
Net Profit643-172531142314237848
EPS in Rs2.211.571.18-0.252.799.7211.855.418.705.328.6029.3117.97
Dividend Payout %13%18%0%0%10%3%2%5%3%7%4%1%

Rushil Decor Ltd Profit & Loss Yearly Chart

Rushil Decor Ltd Growth

Compounded Sales Growth
10 Years:17%
5 Years:20%
3 Years:36%
TTM:1%
Compounded Profit Growth
10 Years:34%
5 Years:20%
3 Years:50%
TTM:-40%
Stock Price CAGR
10 Years:27%
5 Years:0%
3 Years:33%
1 Year:33%
Return on Equity
10 Years:13%
5 Years:12%
3 Years:13%
Last Year:24%

Rushil Decor Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital14141414141415151520202027
Reserves5557606066111156191213244267343465
Borrowings11112714411810493101245405379420406308
Other Liabilities556678707978105128152166180229227
Total Liabilities2342652962622642963775787868088879981,027
Fixed Assets46149155137139162194204197587594641633
CWIP90000124983381004
Investments0000000000000
Other Assets99116142125124133178276250220292356390
Total Assets2342652962622642963775787868088879981,027

Rushil Decor Ltd Reserves and Borrowings Chart

Rushil Decor Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -10141837332850194777-7115
Cash from Investing Activity -50-18-185-7-9-64-172-198-39-15-76
Cash from Financing Activity 5451-41-26-1812153151-3821-39
Net Cash Flow-7011-10-1001-1-0

Rushil Decor Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days797960585057515967634852
Inventory Days141162150119129134168167179169179164
Days Payable14915712610410789129140200160101116
Cash Conversion Cycle718484727210391864572126100
Working Capital Days957872535573668675698070
ROCE %11%10%11%12%16%22%21%10%6%5%8%17%

Rushil Decor Ltd Financial Efficiency Indicators Chart

Rushil Decor Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters59.86%58.54%55.02%55.02%55.02%55.02%55.03%55.03%55.03%55.03%56.39%56.39%
FIIs7.04%7.13%5.30%5.10%3.29%2.77%1.33%1.55%1.22%1.45%0.92%0.95%
DIIs0.62%0.00%0.00%0.01%0.35%0.21%0.00%0.28%0.28%0.00%0.00%0.00%
Public32.48%34.33%39.67%39.87%41.33%41.99%43.64%43.13%43.48%43.51%42.69%42.65%
No. of Shareholders5,9125,2075,5986,1577,3748,97810,11514,89517,72315,55017,29318,565

Rushil Decor Ltd Shareholding Pattern Chart

No. of Rushil Decor Ltd Shareholders

This stock is not held by any mutual fund

Rushil Decor Ltd ROCE Trend

Rushil Decor Ltd EPS Trend

Rushil Decor Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)39.0111.458.1115.449.61
Diluted EPS (Rs.)39.0111.458.1115.449.61
Cash EPS (Rs.)52.0623.6911.8821.2615.38
Book Value[Excl.RevalReserv]/Share (Rs.)173.64135.16124.90140.56125.51
Book Value[Incl.RevalReserv]/Share (Rs.)182.51144.04133.85152.97137.91
Dividend / Share (Rs.)0.500.500.500.500.50
Revenue From Operations / Share (Rs.)421.09313.50169.98224.76230.22
PBDIT / Share (Rs.)75.7237.8519.9127.0930.23
PBIT / Share (Rs.)62.6725.6114.9821.2724.45
PBT / Share (Rs.)50.8515.419.4613.2015.35
Net Profit / Share (Rs.)39.0111.456.9515.449.60
PBDIT Margin (%)17.9812.0711.7112.0513.13
PBIT Margin (%)14.888.168.819.4610.62
PBT Margin (%)12.074.915.565.876.66
Net Profit Margin (%)9.263.654.086.864.17
Return on Networth / Equity (%)22.468.475.5610.987.64
Return on Capital Employeed (%)17.878.124.865.218.48
Return On Assets (%)7.782.571.692.932.46
Long Term Debt / Equity (X)0.771.061.201.610.96
Total Debt / Equity (X)1.171.561.421.891.24
Asset Turnover Ratio (%)0.880.730.420.490.71
Current Ratio (X)1.131.070.951.101.22
Quick Ratio (X)0.500.460.530.600.63
Inventory Turnover Ratio (X)2.533.092.051.992.26
Dividend Payout Ratio (NP) (%)1.284.366.303.235.20
Dividend Payout Ratio (CP) (%)0.962.103.682.353.25
Earning Retention Ratio (%)98.7295.6493.7096.7794.80
Cash Earning Retention Ratio (%)99.0497.9096.3297.6596.75
Interest Coverage Ratio (X)6.413.713.163.363.32
Interest Coverage Ratio (Post Tax) (X)4.302.121.982.912.05
Enterprise Value (Cr.)921.301489.26749.88496.38910.92
EV / Net Operating Revenue (X)1.102.392.241.482.65
EV / EBITDA (X)6.1119.7619.0812.2720.18
MarketCap / Net Operating Revenue (X)0.621.721.230.311.99
Retention Ratios (%)98.7195.6393.6996.7694.79
Price / BV (X)1.514.001.670.503.65
Price / Net Operating Revenue (X)0.621.721.230.311.99
EarningsYield0.140.020.030.210.02

Rushil Decor Ltd Profitability Ratios (%)

Rushil Decor Ltd Liquidity Ratios

Rushil Decor Ltd Liquidity Ratios (%)

Rushil Decor Ltd Interest Coverage Ratios (X)

Rushil Decor Ltd Valuation Ratios

Fair Value / Intrinsic Value of Rushil Decor Ltd

Fair Value: ₹867.83

The stock is undervalued by 146.54% compared to the current price ₹352

*Investments are subject to market risks

Strength and Weakness of Rushil Decor Ltd

StrengthWeakness
  1. The company has shown consistent growth in sales (393.46 cr) and profit (29.00 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 38.16 and average Dividend Yield of 10.39%.
  2. The stock has a low average ROCE of 12.42%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 72.67, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 83.83, which may not be favorable.
  5. The company has higher borrowings (227.77) compared to reserves (176.00), which may suggest financial risk.

Should I Buy Rushil Decor Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Rushil Decor Ltd:
    1. Net Profit Margin: 9.26%
      • 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: 17.87% (Industry Average ROCE: 11.35%)
      • 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. Interest Coverage Ratio (Post Tax): 4.30
      • 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.
    4. Quick Ratio: 0.50
      • 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.
    5. ✓ Stock P/E: 19.9 (Industry average Stock P/E: 23.3)
      • 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.
    6. ✗ Total Debt / Equity: 1.17
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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