RUSHILNSERushil Decor Limited· ConstructionMediumNeutral
Announced Thu, 15 May · 11:18 IST

Rushil Decor Limited has informed the Exchange about Investor Presentation

Mgmt Guided Margin ImprovementOrder Pipeline DisclosedAnalyst Day Multiyear TargetsCfo Debt Reduction RoadmapInvestor Communications View source PDF

RUSHIL · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Rushil Decor reported FY2025 consolidated revenue of Rs 8,979 million, up 6.4% year-on-year, with PAT rising 11.1% to Rs 479 million. Q4 FY25 revenue was Rs 2,307 million, down 1.2% YoY, but PAT jumped 40% to Rs 126 million. EBITDA for the year fell 11.8% to Rs 1,057 million, with margin contracting to 11.8% from 14.2% due to pricing pressure in MDF (margin fell to 12.8% from 16.2%) and Laminates (9.5% from 10.0%). The MDF division grew 5.2% to Rs 6,637 million, while Laminates grew 4.7% to Rs 1,989 million. Management has set a target to cross Rs 11,000 million in FY2026 revenue and is shifting focus to value-added MDF products (targeting 50% of volumes in FY2026) to improve margins. The new Jumbo-size Laminates facility in Gandhinagar commenced commercial production in Q4 FY25 with 1.2 million sheets capacity, with Phase 2 expected by October 2025 and 15% of Phase 1 capacity already booked by export orders.

Likely market impact

Margin compression in FY2025 is a concern, but the FY2026 revenue guidance of Rs 11,000+ million (over 22% growth), new Jumbo Laminates capacity coming online, and the strategic push toward value-added MDF products offer a credible growth path. Continued deleveraging (Net D/E down to 0.41x from 1.10x) strengthens the balance sheet, though investors should watch whether margin recovery materializes as guided.