RUSHILConsumer Discretionary

Rushil Decor Limited

Plywood Boards/ Laminates · ISIN INE573K01025 · BSE 533470 · NSE EQ · FV ₹1
Last price
₹16
+1.57%today
What this company does

Rushil Decor Limited operates in Plywood Boards/ Laminates, part of the Consumer Discretionary sector. It booked ₹229 cr of revenue in its latest quarter (Q1 FY27) and kept 0.9% of sales as profit. It is the 6th largest of 8 Plywood Boards/ Laminates companies we track, by market value.

Their stated vision

to build a strong emotional customers by offering a wide range connection with our customers through of well designed, environmentally friendly thought design and meaningful experiences.

In the report:
51out of 100
Equitytale Health Score
Mixed

Healthier than 51% of companies in Consumer Discretionary, on the 5 of 6 measures we could read for it. Each measure is ranked against the 326–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
40

At close. Not part of the score.

Profitability & returns27

How much profit it earns on the money it employs

Balance sheet34

How much it owes, and whether earnings cover the interest

Cash quality91

Whether reported profit actually arrives as cash

Valuation43

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 28% vs last year
Promoters hold 55%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 0.9% net margin
! Low 1.2% return on equity

What if I invest in RUSHIL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹16 +1.57%
latest close · 2026-09-17
52-wk low ₹1442 sessions so far52-wk high ₹19
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio55.6High
LowAverageHigh
P/B ratio0.70Below book
Below bookModerateHigh
EV / EBITDA9.3Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity1.2%Weak
WeakFairStrong ▸15%
Return on capital5.0%Weak
WeakFairStrong
Net margin0.9%Thin
ThinDecentStrong
EBITDA margin8.4%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.40Comfortable
LowModerateHigh ▸1
Interest cover1.3×Risky
RiskyOkayStrong ▸5×
Current ratio1.15Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹457 cr
Book value
₹22
EPS
₹0.07
latest quarter
Net debt
₹259 cr
owes more than its cash
Enterprise value
₹716 cr
EBITDA
₹77 cr
annualised
EBIT
₹42 cr
annualised
Operating margin
4.5%
Return on assets
0.6%
Earnings yield
1.80%
P/S
0.50
Sales / share
₹31.2
Tax rate
19.7%
Face value
₹1
Shares
29.3 cr
Working capital
₹69 cr
Current assets
₹530 cr
Current liabilities
₹462 cr
Delivery %
60.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹6₹6, midpoint ₹6

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹229 cr
Other Income₹93.5 L
Total Income₹230 cr
Cost of Materials₹138 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹1 cr
Employee Benefit Expense₹18 cr
Finance Costs₹8 cr
Depreciation & Amortisation₹9 cr
Other Expenses₹53 cr
Total Expenses₹227 cr
Profit before Tax₹3 cr
Tax Expense₹52 L
Share of JV / Associates₹-13.3 L
Net Profit₹2 cr
Net margin on total income0.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹140 cr60.8%
Employee benefit expense₹18 cr8.0%
Finance costs₹8 cr3.4%
Depreciation & amortisation₹9 cr3.9%
Other expenses₹53 cr22.9%
Tax expense₹52 L0.2%
Profit for the period₹2 cr0.9%
Total income ₹230 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue217 cr231 cr229 cr
Total income217 cr235 cr230 cr
Expenses210 cr221 cr227 cr
Profit before tax7 cr14 cr3 cr
Tax2 cr3 cr52 L
Net profit (owners' share)5 cr10 cr2 cr
Net margin (owners' share, on revenue)2.4%4.4%0.9%
EPS (₹)0.190.340.07
YoY (latest quarter): total income +28.0% · net profit
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹1,291 cr
Shareholder equity
₹651 cr
parent shareholders
Total debt
₹260 cr
Cash
₹45.4 L
Cash flow · H1 FY26
Operating
₹28 cr
Investing
₹-36 cr
Financing
₹7 cr
Peer comparison
Plywood Boards/ Laminates · by market value
CompanyPriceMarket capP/E
Century Plyboards (India) Limited₹719₹15,999 cr49.8
Greenlam Industries Limited₹237₹6,039 cr71.3
Stylam Industries Limited₹3,238₹5,488 cr28.5
Greenply Industries Limited₹293₹3,662 cr24.4
Greenpanel Industries Limited₹158₹1,942 cr16.3
Rushil Decor Limitedthis company₹16₹457 cr55.6
Archidply Industries Limited₹101₹202 cr9.0
Archidply Decor Limited₹72₹40 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.32%
trailing 12 months
Dividend / share (TTM)
₹0.05
Last dividend
₹0.05
ex 8 Sep 2026
ActionDetailEx-date
Dividend₹0.05 / share8 Sep 2026
Dividend₹0.1 / share12 Sep 2025
Dividend₹0.1 / share13 Sep 2024
Stock splitStock Split From Rs.10/- to Rs.1/-9 Aug 2024
Dividend₹0.5 / share15 Sep 2023
Dividend₹0.5 / share19 Sep 2022
Who owns it · 2026-06-30
No pledge
Promoter
55.1%
FII / Foreign
1.1%
DII / Domestic
0.1%
Retail / others
43.7%
Promoter stake down 1.3% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtRushil Krupesh Thakkar · Promoter Group1.10 cr · ₹32.7 cr17 Mar 25
BoughtMASUMI KRUPESHBHAI THAKKAR · Promoter Group1.00 L · ₹3.0 cr26 Jul 24
BoughtDEENUBEN GHANSHYAMBHAI THAKKAR · Promoter Group8.60 L · ₹13.9 cr20 May 23
Bulk / block deals
SoldSAJJAN BHAJANKA · NSE16.83 L @ ₹3215 Sep 25
BoughtNV ALPHA FUND MANAGEMENT LLP · NSE26.00 L @ ₹3215 Sep 25
SoldGRAVITON RESEARCH CAPITAL LLP · NSE1.77 L @ ₹372.592 Aug 24
Stake changes
BoughtRushil Krupesh Thakkar · promoter→ 5.24% · 1.10 cr17 Mar 25
BoughtDeenuben Ghanshymabhai thakkar · promoter→ 12.75% · 8.60 L20 May 23
BoughtM/s Rushil International · promoter→ 14.49% · 11.86 L20 May 23
Promoter pledges
ReleasedBank of Baroda,19.86 L · 7.48% held27 Mar 24
PledgedBank of Baroda Bhadra Branch Baroda19.86 L · 0.00% held8 Jul 20
ReleasedIndia infoline Finance Ltd3.00 L · 2.01% held28 Feb 19
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 20 Sep 2025
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2025, together with the Reports of the Board of Directors and Auditors thereon.
Backed by 98% of shareholders other than promotersneeded 50%
17.47 L votes for, 36,077 against · 0% of mutual funds and other big investors said no
2
To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2025, together with the Report of the Auditors thereon.
Backed by 98% of shareholders other than promotersneeded 50%
17.47 L votes for, 36,077 against · 0% of mutual funds and other big investors said no
3
To declare a final dividend of RS. 0.10 per equity share of face value of RS. 1 each, for the financial year ended 31st March, 2025
Backed by 98% of shareholders other than promotersneeded 50%
17.47 L votes for, 36,011 against · 0% of mutual funds and other big investors said no
4
To appoint a Director in place of Mr. Ramanik T. Kansagara (DIN: 08341541), who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 98% of shareholders other than promotersneeded 50%
17.47 L votes for, 36,057 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 7 named members
owning 55.1% between them · as of 2026-06-30
KRUPESH GHANSHYAMBHAI THAKKAR13.99%
RUSHIL INTERNATIONAL, PARTNERSHIP FIRM (KRUPESH G. THAKKAR AND DEENUBEN G. THAKKAR ARE PARTNERS)13.11%
DEENUBEN GHANSHYAMBHAI THAKKAR11.53%
KRUPESH GHANSHYAMBHAI THAKKAR-HUF (KARTA-KRUPESH THAKKAR)9.15%
RUSHIL K THAKKAR5.12%
KRUPA KRUPESH THAKKAR1.86%
MASUMI KRUPESHBHAI THAKKAR0.34%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹93 cr raised in Dec 2023 by selling shares to selected investors

As of Dec 2025, the company says it has spent 76% of what it set aside, leaving ₹30 cr still to be spent. CARE RATINGS LIMITED watches the spending on the exchange’s behalf.

For Decorative laminates including bigger size (Jumbo size) laminates manufacturing Project at Mansa
89%
₹80 cr of ₹90 cr
Working Capital Margin Requirement
0%
₹0 cr of ₹10 cr
For MDF Plant & Machinery as well as Civil Work for existing MDF Manufacturing Plants
97%
₹10 cr of ₹10 cr
For Corporate General Purpose
27%
₹3 cr of ₹13 cr
Spent by quarter: 66%74%76% (to Dec 2025) · 1 earlier quarter is left out because the company restated its figures

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.