RUSHIL DECOR
RUSHIL DECOR
RUSHIL DECOR started operations in 1993, engaged in the manufacturing of medium density fibre (MDF) and decorative laminate products. It offers engineered interior products, which include decorative laminate sheets, Industry laminate sheets and Rushil kitchen door under “Vir Laminate” or “Rushil” or “Signor” brand.
|
BSE Code |
533470 |
|
NSE Code |
HCLTECH |
|
Reuters Code |
RUSH.NS |
|
INCEPTION |
1993 |
|
IPO |
2007 |
|
CMP (as on 30/10/2015) |
275 |
|
Stock Beta |
0.98 |
|
52 Week H/L |
53.50 / 300.80 |
|
Market Cap (Cr) |
408 |
|
Equity Capital (Rs cr) |
14.40 |
|
Face Value (Rs) |
10.00 |
|
Average Volume |
703894 |
|
|
|
|
Shareholding Pattern (%) |
|
|
Promoters |
55.91 |
|
Non Institutions |
44.08 |
|
Grand Total |
100.00 |
RUSHIL DECOR - Potential Catalysts
-
Significant growth opportunities
-
Implementation of GST to benefit the company
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Network and Global Presence.
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Diversifying customer base
RUSHIL DECOR - Recommendation
With Superior project management skills, focus on measuring and monitoring quality and its planned expansion RUSHIL will be able to grow over the next few years. We recommend BUY on the stock at CMP of Rs. 275 to target of Rs. 331.
RUSHIL DECOR - Financial Summary
|
Yearly Income Statement |
201403 |
201503 |
2016 E |
2017 E |
2018 E |
|
Revenue |
257.30 |
278.08 |
303.26 |
327.82 |
354.33 |
|
EBIDTA |
29.59 |
24.67 |
33.43 |
38.23 |
39.81 |
|
EBIT |
21.96 |
17.75 |
25.69 |
30.36 |
30.24 |
|
Adjusted Profit After Tax |
3.01 |
5.37 |
6.24 |
8.57 |
7.16 |
|
EPS (Unit Curr.) |
2.09 |
-0.45 |
4.33 |
5.95 |
4.97 |
|
EBIDTA Margin |
12.12% |
9.15% |
11.46% |
12.11% |
11.66% |
|
EBIT Margin |
9.00% |
6.58% |
8.81% |
9.62% |
8.85% |
|
PAT Margin |
1.17% |
1.93% |
2.06% |
2.61% |
2.02% |
BUSINESS DISCRIPTION
Rushil Decor Limited is an India-based company. It is engaged in the manufacturing of particle board products and decorative laminate products. It offers engineered interior products, which include Decorative Laminate Sheets, Industry laminate Sheets, Rushil Kitchen Door and Plain Particle Boards. The Company’s products consist of Laminates, Particle Board, Toilet Cubicles, Veneer and Medium Density Fiber (MDF) board. Its manufacturing facilities are located in Gujarat and Karnataka. Rushil’s markets its products under the brand name, Vir Laminate. MDF board is a panel product manufactured from lignocelluloses fibers combined with resin. The applications of MDF Board include Building and Construction, Furniture, Industrial and Handicraft.
MDF products are sold under the brand name “Vir MDF Boad”. It has three decorative laminate manufacturing units in Gujarat and one MDF manufacturing unit in Karnataka under ISO 9001:2000 certifications for quality; ISO 18001:1999 certification for health & safety and ISO14001: 2004 for environmental system for all the units.
Shareholding pattern as on 30th Sept, 2015
|
|
No of Shares |
% of Holding |
% of Holding |
% of Holding |
% of Holding |
|
Description as on |
30/09/2015 |
30/09/2015 |
30/06/2015 |
31/03/2015 |
31/12/2014 |
|
Foreign (Promoter & Group) |
0 |
0 |
0 |
0 |
0 |
|
Indian (Promoter & Group) |
8051734 |
55.91 |
55.91 |
55.91 |
55.93 |
|
Total of Promoter |
8051734 |
55.91 |
55.91 |
55.91 |
55.93 |
|
Non Promoter (Institution) |
592352 |
4.11 |
5.86 |
6.8 |
6.8 |
|
Non Promoter (Non-Institution) |
5755914 |
39.97 |
38.23 |
37.29 |
37.27 |
|
Total Non Promoter |
6348266 |
44.08 |
44.09 |
44.09 |
44.07 |
|
Total Promoter & Non Promoter |
14400000 |
99.99 |
100 |
100 |
100 |
|
Custodians(Against Depository Receipts) |
0 |
0 |
0 |
0 |
|