Rushil Decor Limited (RUSHIL)

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Rushil Decor Limited (RUSHIL) · mywealthgrid

About

Rushil Decor manufactures plywood boards and laminates for the consumer durables sector. With a market cap of ₹492.33 Cr and quarterly revenue around ₹215–235 Cr, it is a small-cap player in a fragmented industry, with promoter ownership of 55.1% and minimal institutional participation.

Face value: ₹1

Market cap

₹467 Cr

P/E

20.7×

P/B

0.7×

Dividend yield

0.9%

ROE

ROCE

4.9%

Debt / equity

0.4

OPM

8.1%

EPS (TTM)

₹0.8

Book value

₹22.2

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Net profit swings sharply—from ₹2.03 Cr (Jun 2026) to ₹10.23 Cr (Mar 2026)—despite stable revenue around ₹230 Cr, indicating operational or cost unpredictability
ROE of 1.05% is extremely low; capital employed is not generating acceptable returns
Stock has fallen 29.32% over one year and trades at PE 21.8 despite low ROE; verify whether market has structural concerns or valuation is disconnected
OPM swings 7.96%–11.47% across recent quarters; verify exposure to raw-material or labour-cost shocks

Generated analysis · source review pending

Growth drivers

Operating margin recovered to 11.45% in Mar 2026 after dipping to 7.96% in Jun 2026; verify whether this recovery is structural and can expand net profit
D/E ratio of 0.4 indicates balance-sheet headroom; verify capex or M&A plans to scale revenue beyond current ₹230 Cr quarterly run rate
Plywood and laminates demand is tied to residential real estate investment cycles; verify current demand environment and company's competitive positioning in a fragmented market

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹15.9-1.4%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of 4.3% (3-yr avg)
−Weak interest coverage of 1.3×

Research score

Structured signal from quality, growth, valuation and momentum.

65/100

Business quality: 19
Growth: 100
Valuation: 77

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Century Plyboards (India) LimitedCENTURYPLYCENTURYPLY	₹14,809 Cr	₹16,439 Cr	₹5,789 Cr	₹720 Cr	12.1%	₹291 Cr	5%	15.4%	10.6%	131
Greenlam Industries LimitedGREENLAMGREENLAM	₹5,449 Cr	₹6,496 Cr	₹3,169 Cr	₹361 Cr	10.7%	₹93 Cr	1.8%	9.7%	4.9%	92
Stylam Industries LimitedSTYLAMINDSTYLAMIND	₹5,442 Cr	₹5,471 Cr	₹1,173 Cr	₹237 Cr	19.5%	₹170 Cr	13.3%	27.6%	20.5%	150
Greenply Industries LimitedGREENPLYGREENPLY	₹3,793 Cr	₹4,282 Cr	₹2,863 Cr	₹287 Cr	9.9%	₹99 Cr	3.3%	18%	10.5%	35
Greenpanel Industries LimitedGREENPANELGREENPANEL	₹1,944 Cr	₹2,212 Cr	₹1,567 Cr	₹246 Cr	15.7%	₹143 Cr	9.1%	12.4%	11.4%	55
Rushil Decor LimitedRUSHILRUSHIL	₹467 Cr	₹726 Cr	₹912 Cr	₹90 Cr	8.1%	₹23 Cr	0.7%	4.9%	1%	-124
Archidply Industries LimitedARCHIDPLYARCHIDPLY	₹203 Cr	₹382 Cr	₹712 Cr	₹48 Cr	6.3%	₹13 Cr	1.2%	17%	7.4%	93
Ecoboard Industries LtdECOBOARECOBOAR	₹156 Cr	₹163 Cr	₹15 Cr	₹-1 Cr	-38.9%	₹11 Cr	-42.2%	-67.2%	-44.7%	119
Duroply Industries LtdDUROPLYDUROPLY	₹105 Cr	₹170 Cr	₹181 Cr	₹-2 Cr	5.2%	₹-2 Cr	0.7%	9.5%	2.1%	115
Archidply Decor LimitedADLADL	₹41 Cr	₹58 Cr	₹46 Cr	₹2 Cr	4.3%	₹-0 Cr	0%	3.6%	0%	417
Adhata Global LtdADHHATAADHHATA	₹10 Cr	₹10 Cr	₹17 Cr	₹2 Cr	-43.3%	₹2 Cr	-49.5%	-48.5%	-79.6%	408

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2025	Mar 2026
	898	862
COGS	481	470
Gross profit	416	392
	311	323
	106	70
OPM %	11.8%	8.1%
Depreciation	30	34
Interest	28	31
	14	6
Profit before tax	63	10
Tax	15	3
Tax %	23.4%	34.6%
	48	6
PAT margin %	5.3%	0.7%
EPS (₹)	1.8	0.2
EPS adjusted (₹)	1.7	0.2
	5.7%	22.7%
Annual report	Annual report for Mar 2025	—

₹ Cr	Mar 2025	Mar 2026
Equity capital	29	29
Reserves	604	622
Minority interest	4	—
	267	260
	336	381
Total equity & liabilities	1,239	1,291
	709	730
CWIP	7	11
Investments	0	265
	522	285
Total assets	1,239	1,291

₹ Cr	Mar 2025	Mar 2026
	108	89
	-97	-62
	-11	-27
Net cash flow	0	-0
Free cash flow	-0	21
CFO / Operating profit %	102.3%	126.9%

Compounded sales growth

7 years: —
5 years: —
3 years: —
1 year: -4%

Compounded profit growth

7 years: —
5 years: —
3 years: —
1 year: -87%

Return on equity

7 years: —
5 years: —
3 years: —
Last year: 1%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Medium Density Fiber Board	628.81	26.55	824.12	268.73	555.39	4.78
Laminates & allied products	215.02	13.02

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2025	Mar 2026
Margins
Gross margin %	46.4%	45.5%
EBITDA margin %	11.8%	8.1%
EBIT margin %	8.4%	4.1%

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	56.39%	56.39%	56.39%	55.34%	54.81%	54.63%	56.37%	55.1%	55.1%	55.1%	55.1%	55.1%
	0.95%	1.17%	1.17%	2.15%	1.95%	1.96%	1.34%	1.18%	1.24%	1.23%	1.29%	1.13%
	0%	0.01%	0%	0.07%	0.07%	0.07%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	42.66%	42.43%	42.44%	42.44%	43.17%	43.34%	42.23%	43.66%	43.6%	43.61%	43.55%	43.71%
No. of shareholders	—	—	—	—	—	—	—	—	55,528	53,189	50,743	50,182

Promoter holding down 1.29 percentage points since Sep 2023.

25 deals · 9 Nov 2021 – 15 Sept 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
15 Sept 2025	NV ALPHA FUND MANAGEMENT LLP	Bulk	NSE	Buy	26,00,000	₹32.00	₹8.32 Cr
15 Sept 2025	SAJJAN BHAJANKA	Bulk	NSE	Sell	16,83,322	₹32.00	₹5.39 Cr
2 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	1,77,271	₹372.59	₹6.60 Cr
2 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	1,77,271	₹372.29	₹6.60 Cr
2 Aug 2024	CITADEL SECURITIES INDIA MARKETS PRIVATE LIMITED	Bulk	NSE	Buy	1,65,688	₹373.44	₹6.19 Cr
2 Aug 2024	CITADEL SECURITIES INDIA MARKETS PRIVATE LIMITED	Bulk	NSE	Sell	30,240	₹376.54	₹1.14 Cr
24 Jul 2024	SUMANT KAPUR	Bulk	NSE	Sell	1,72,976	₹355.63	₹6.15 Cr
28 Dec 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,02,512	₹395.05	₹8.00 Cr
28 Dec 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,02,512	₹394.79	₹7.99 Cr
24 Nov 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,97,305	₹396.58	₹11.79 Cr

1–10 of 25

1 / 3

Mr. KRUPESH GHANSHYAMBHAI THAKKARExecutive Director-Chairperson related to Promoter
Mr. RUSHIL KRUPESH THAKKARExecutive Director-MD
Mr. RAMANIKBHAI TEJABHAI KANSAGARAExecutive Director
Mr. HIREN MAHADEVIANon-Executive - Independent Director
Keyur M GajjarChief Executive Officer
Mr. KANTILAL AMBALAL PUJNon-Executive - Independent Director
Ms. SHREYABEN MILANKUMAR SHAHNon-Executive - Independent Director
Mr. Hiren PadhyaChief Financial Officer
Hasmukh Kanubhai ModiCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Rushil Decor Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

15

Final dividend8 Sept 2026 · ex-date₹0.05
Final dividend12 Sept 2025 · ex-date₹0.1
Final dividend13 Sept 2024 · ex-date₹0.1
Final dividend15 Sept 2023 · ex-date₹0.5
Final dividend19 Sept 2022 · ex-date₹0.5
Final dividend17 Sept 2021 · ex-date₹0.5
Final dividend10 Dec 2020 · ex-date₹0.5
Final dividend12 Sept 2019 · ex-date₹0.5
Final dividend12 Sept 2018 · ex-date₹0.5
Final dividend14 Sept 2017 · ex-date₹0.5
Final dividend15 Sept 2016 · ex-date₹0.5
Interim dividend17 Mar 2016 · ex-date₹0.5
Final dividend19 Sept 2013 · ex-date₹0.5
Final dividend13 Aug 2012 · ex-date₹0.5
Dividend dividend14 Sept 2011 · ex-date₹0.5

1

Board meeting to consider results8 Aug 2026

1

Face value ₹10 → ₹19 Aug 2024 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

29 announcementsExport CSV

31 Aug 2026, 3:23 pmCompany Update

Letter To Shareholders Under Regulation 36(1)(B) Of The SEBI (LODR) Regulations, 2015

General PDF

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Ratio	Mar 2025	Mar 2026
Margins
Gross margin %	46.4%	45.5%
EBITDA margin %	11.8%	8.1%
EBIT margin %	8.4%	4.1%

Date	Category	Subject	Filing
31 Aug 2026, 3:23 pm	Company Update General	Letter To Shareholders Under Regulation 36(1)(B) Of The SEBI (LODR) Regulations, 2015	PDF
31 Aug 2026, 3:18 pm	Others Business Responsibility and Sustainability Reporting (BRSR)	Business Responsibility and Sustainability Reporting (BRSR)	PDF
31 Aug 2026, 1:42 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
31 Aug 2026, 1:35 pm	AGM/EGM AGM	Notice Of 32Nd Annual General Meeting Of Equity Shareholders To Be Held On 28.09.2026	PDF
21 Aug 2026, 1:05 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
19 Aug 2026, 5:39 pm	Corp. Action Record Date	Fixed The Record Date For Final Dividend As On 8Th September, 2026 I.E. Tuesday	PDF
19 Aug 2026, 5:34 pm	AGM/EGM AGM	Shareholder Meeting - AGM On 28Th September, 2026 I.E. Monday	PDF
17 Aug 2026, 10:05 am	Company Update Earnings Call Transcript	Announcement under Regulation 30 (LODR)-Earnings Call Transcript	PDF

Leverage
Current ratio	1.31	1.15

Return ratios
Return on assets %	3.9%	0.5%

Working capital
Receivable days	76	83

Rushil Decor Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends15

Board meetings1

Stock splits1

Announcements

Not in the F&O segment

Dividends15

Board meetings1

Stock splits1

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Announcements

Ratio timeline

Annual reports

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

Laminates & allied products · revenue

15

1

1

15

1

1