Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · ROYAL CUSHION VINYL PRODUCTS L · 22 September 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
ROYAL CUSHION VINYL PRODUCTS L
BSE: 526193
BSE: 526193
Consumer Discretionary › Consumer Durables › Consumer Durables › Granites & Marbles
ROYAL CUSHION VINYL PRODUCTS L
StateQ1 FY27 filed
Last close · 20 Sept 2026₹12.39
Market cap₹0.0k cr
TTM P/E · P/B · EV/EBITDA3.6 · — · —
ROYAL CUSHION VINYL PRODUCTS L is a Consumer Durables company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 69 | 52 | 55 | 64 | 56 |
| EBITDA (ex other income) | 51 | (13) | 286 | (4) | (9) |
| margin % | 73.8 | (25.8) | 522.9 | (6.0) | (15.5) |
| Owners' profit | 47 | 0 | 294 | 2 | (8) |
| EPS, as reported (₹) | 39.06 | 0.17 | 138.48 | 0.63 | 2.17 |
| ROE % · ROCE % | (11.7) · (118.1) | (0.0) · (18.6) | (991.0) · (2207.4) | (8.0) · 58.0 | 21.7 · 2.3 |
| Debt / equity (x) | (0.75) | (0.80) | (2.07) | (2.92) | (2.31) |
| Cash from operations | (1) | (35) | (74) | (18) | 7 |
| Capex | (1) | 0 | (2) | (2) | 0 |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · ROYAL CUSHION VINYL PRODUCTS L · 22 September 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17 | 16 | 15 | 13 | 19 | 13 | 12 | 8 |
| Profit before tax | (1) | (1) | 5 | (0) | (3) | (5) | (0) | (5) |
| Net profit | (1) | (1) | 5 | (0) | (3) | (5) | (0) | (5) |
| EPS (₹) | (0.23) | (0.41) | 1.32 | 0.11 | 0.70 | 1.24 | 0.11 | 1.40 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| MIDWEST LIMITED | 3,591 | 31.1 | 3.67 | 19.6 | 10.9 | 12.5 | — | 28.6 |
| POKARNA LIMITED | 2,265 | 23.9 | 2.64 | 14.1 | 9.4 | 8.4 | 14.1 | 39.2 |
| GLOBAL SURFACES LIMITED | 125 | — | 0.46 | 27.4 | (11.8) | (6.2) | — | 13.0 |
| PACIFIC INDUSTRIES LTD. | 99 | 49.8 | 0.22 | 10.3 | 0.4 | 0.3 | (2.8) | 10.3 |
| ELEGANT MARBLES & GRANI INDUST | 54 | 16.1 | 0.43 | — | 2.7 | 3.8 | — | 10.9 |
| ROYAL CUSHION VINYL PRODUCTS L ◆ | 45 | 3.6 | — | — | 21.7 | 197.6 | — | (38.1) |
| ORIENTAL TRIMEX LTD | 37 | 12.1 | 0.38 | — | 1.8 | 2.8 | — | 18.9 |
| ARO GRANITE IND. LTD. | 35 | — | 0.20 | — | (6.8) | (5.4) | — | (10.1) |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 3.6 | 20.0 | 1 of 6 | 100% |
| ROCE | 197.6 | 2.8 | 1 of 9 | 100% |
| ROE | 21.7 | 1.8 | 1 of 9 | 100% |
| Debt / Equity | (2.3) | 0.1 | 1 of 9 | 100% |
| EBITDA margin | (38.1) | 10.9 | 9 of 9 | 0% |
| Revenue growth | (34.6) | (6.8) | 7 of 8 | 14% |
| Profit growth | (1120.5) | (68.2) | 7 of 8 | 14% |
| Market cap | 45 | 54 | 6 of 9 | 38% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · ROYAL CUSHION VINYL PRODUCTS L · 22 September 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 5 Sept 2026 · Royal Cushion Vinyl Products files 42nd AGM notice and FY26 Annual Report | board shareholder meetings | low | — | — |
| 5 Sept 2026 · 42nd AGM notice on Sep 29, 2026; related party deals with NIPL and MD up to Rs 70 cr | board shareholder meetings | medium | — | — |
| 5 Sept 2026 · Book closure for 42nd AGM from 26th to 28th September 2026 | corporate actions | low | — | — |
| 5 Sept 2026 · Royal Cushion Vinyl announces book closure for 42nd AGM on 29 Sept 2026 | compliance | minimal | — | — |
| 5 Sept 2026 · Notice of 42nd AGM and Annual Report for FY2025-26 filed | board shareholder meetings | low | — | — |
| 1 Sept 2026 · NCLT-sanctioned merger with Royal Spinwell becomes effective | strategic transactions | medium | — | — |
| 1 Sept 2026 · 42nd AGM fixed for 29 Sept; Board clears multiple related party deals with NIPL | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Board to approve merger share allotment and AGM notice on Sep 1 | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Royal Cushion Vinyl Q1 FY27 loss widens to Rs 5.13 cr, revenue halves | compliance | minimal | — | — |
| 13 Aug 2026 · Q1 FY26: widened loss, revenue down 35%, going concern flag | results | high | — | — |
Source: exchange announcements; reaction = close-to-close from the filing's session.
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in