Rushil Decor Limited has informed the Exchange about Investor Presentation
••• ••• ••• RUSHIL
DECOR LIMITED
WE'LL MAKE IT
RDL/076/2023-24 Date: 06.11.2023
To, National Stock Exchange of India Ltd. Exchange Plaza, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051 NSE EQUITY SYMBOL: RUSHIL
To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001 BSE SCRIPT CODE: 533470
ISIN: INE573K01017
Sub: Submission of Q2 F.Y. 2023-24 Investor Presentation.
Dear Sir/ Madam,
We are enclosing herewith a copy of the Q2 & H1 - FY 2023-24 Presentation regarding the financial performance of the company and other highlights for the period ended on 30th September, 2023.
Please take the same in your records and do the needful.
Thanking you
Yours Faithfully,
For, Rushil Decor Limited
Hasmukh K. Modi Company Secretary
Encl: as above
••• RUSHIL DECOR LTD., RUSHIL HOUSE, NEAR NEELKANTH GREEN BUNGALOW,
OFF SINDHU BHAVAN ROAD, SHILAJ, AHMEDABAD-380058, GUJARAT, INDIA
TA. KALOL, DIST. GANDHINAGAR-382845, GUJARAT, INDIA.
I FAX: +91-79-61400401 I EMAIL: INFO@RUSHIL.COM
PH: +91-79-61400400
I CIN: L25209GJ1993PLC019532
REGD. OFFICE: S. NO. 125, NEAR KALYANPURA PATIA, VILLAGE ITLA, GANDHINAGAR-MANSA ROAD,
I WWW.RUSHIL.COM
Rushil Décor Limited
Investor Presentation | November 2023
This presentation has been prepared by Rushil Décor Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall the truth, accuracy, be placed on, and completeness, reasonableness of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider the material. Any liability in respect of this contents of, or any omission from, Presentation is expressly excluded.
the contents of
fairness
discussed
Certain matters this Presentation may contain statements regarding Company’s market opportunity and business prospects that
the
in
implement
to successfully
international markets,
are individually and collectively forward- looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various the performance of the industry in India and world- wide, competition, the company’s ability its strategy, the Company’s future levels of technological growth and expansion, and implementation, advancements, revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The levels of Company’s actual activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking this contained information Presentation. forward-looking Any statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.
changes in
changes
results,
in
Chairman’s Message Page: 4
Company Overview Page: 7
Industry Overview Page: 21
Q2FY24 Financial Highlights Page: 25
Rushil Décor Limited | Investor Presentation
2
• Rushil Décor has successfully positioned itself as one of the leading supplier of high-quality MDF and laminates, delivering high quality
products and fostering a strong base of repeat business.
• Our commitment to green ecology is evident in our meticulous sourcing of raw materials ensuring responsible forest management and
reduced carbon footprint. The extensive range of our Laminates and MDF boards are designed with sustainability in mind.
• The Laminates and MDF Boards portfolio exhibited a notable volume growth of 6% and 11%, respectively. This growth underscores our capacity to expand our market presence and establish a significant foothold within the industry. Our performance during the quarter was satisfactory despite the challenges posed by prolonged monsoons and imports. As a result, our revenues stood at INR 204.6 crore, a marginal growth of 0.6% Y-o-Y and 6.1% sequentially.
• Additionally, it's important to note that as our volumes and revenues grow, we maintain a steadfast commitment to broadening our product portfolio, optimizing manufacturing efficiency, and cost reduction. Notably, our EBITDA margins for the quarter stood at 14.14%. We remain resolute in our focus and are actively working to boost our margins, primarily by emphasizing the sale of value-added products.
• Our recent achievement of a 3-star export recognition is a significant milestone, affirming our readiness to harness our capabilities and serve the global export market. This recognition serves as a clear testament to our commitment to international quality standards and our relentless pursuit of excellence in the field of exports. We anticipate that exports will play a key role, contributing an estimated INR 250 crores to our revenue by FY24.
• The increased demand for products in the market is primarily driven by the surge in urbanization and infrastructure development, coupled with a notable uptick in consumer spending on home renovation projects. This convergence of factors not only amplifies the demand for our products but also firmly establishes our position as a pivotal player in these thriving markets.
Rushil Décor Limited | Investor Presentation
3
Mr. Krupeshbhai G. Thakkar
Navigating the first half of the year, we encountered numerous challenges and hereby managed to achieve a year-on-year volume growth in MDF and Laminates segment
We have observed robust enthusiasm and a notable surge in demand for our value-added and sustainable products, both in the domestic market and on the global front. Consequently, our MDF and Laminates segments have experienced a noteworthy increase in volumes.
Looking ahead to the next five years, by 2029, our ambitious goal is to achieve a threefold increase in our turnover to more than INR 2,500 crore. This vision reflects our dedication to sustained growth and expansion. While we aim to capitalize on emerging opportunities, we aspire to uphold our debt-to-equity ratio within 1, ensuring a balanced and responsible financial structure
The recent mandatory implementation of BIS certification for wood panel products and furniture imports marks a pivotal development in the industry. This move is expected to contribute to a reduction in imports, creating a favourable environment for domestic players and fostering an atmosphere conducive to the growth and development of the local industry.
Rushil Décor Limited | Investor Presentation
4
Sr. No
Particulars
1.
Decorative laminates including bigger size (Jumbo size) laminates manufacturing Project at Mansa
2.
Working Capital Margin Requirement
3.
MDF Plant & Machinery as well as Civil Work for existing MDF Manufacturing Plants
4.
General Corporate Purpose
TOTAL
Amount Upto (Rs. In Cr)
Tentative Time Frame for Utilisation
90
10
10
14.74
124.74
Upto 2 years from the date of receipt of fund
Upto 2 years from the date of receipt of fund
Upto 2 years from the date of receipt of fund
Upto 2 years from the date of receipt of fund
These additional resources will play a pivotal role in propelling our growth strategies, enhancing our product offerings, and expanding our market reach.
Rushil Décor Limited | Investor Presentation
5
450
400
350
300
250
200
150
100
50
0
391.35
1.71
367.04
1.39
413.52
400.26
1.44
311.59
302.28
1.1
0.65
0.61
31-03-2020
31-03-2021
31-03-2022
31-03-2023
30-06-2023
30-09-2023
Net Debt (In Cr)
D/E Ratio
1.8
1.6
1.4
1.2
1
0.8
0.6
0.4
0.2
0
While we aim to capitalize on emerging opportunities, we aspire to uphold our debt-to-equity ratio within 1, ensuring a balanced and responsible financial structure
Rushil Décor Limited | Investor Presentation
6
100+ Year
lineage of wood engineering.
25+ Years
in Decorative Laminates & MDF Boards
2nd
Largest manufacturer of MDF boards and one the largest player in organized laminates.
5 State-of-the-art
manufacturing facilities across India, strategically positioned to deliver customised products to its customers.
SKUs / Designs
Distinct Brands
Direct Distributors
Retailers Dealers
Export House Recognition
Workforce
Rushil Décor stands as a prominent luminary in the wood panel sector, manufacturing exquisite laminates and MDF boards
Rushil Décor Limited | Investor Presentation
7
3
Units
3.49 Million
Sheets Per Annum Installed Capacity
APPLICATION
82%
Average Capacity Utilization for Q2FY24
Home Furniture
Cabinet Doors
Desktops
Wardrobes
Wall Paneling
Rushil Décor Limited | Investor Presentation
Commercial Furniture
8
Production
sheets per annum
UNIT 1
RDL, 608, GIDC Mansa, Dist. Gandhi Nagar, Gujarat
UNIT 2
MRPL, Dholakuva Patia, Gandhinagar-Mansa Road, Mansa, Dist. Gandhinagar
UNIT 3
RHPL, Survey No. 125, Nr. Kalyanpura Patia, Gandhinagar- Mansa Road, Village Itla, Tal. Kalol
Rushil Décor Limited | Investor Presentation
9
Production
sheets per annum
RDL, 608, GIDC Mansa, Dist. Gandhi Nagar, Gujarat
Expected Revenue Potential in FY25
Expected Revenue Potential in FY26
Expected Margins %
Benefits
Increased Capacity
Improved quality with jumbo size
Catering to developed markets – Europe, USA, Australia and New Zealand
Improved top and bottom line
Growth trajectory - last year margin 6 to 7 % present 10 to 11 % after new project around 12-15%
This expansion is in line with the management strategy
Rushil Décor Limited | Investor Presentation
10
2
Units
3,30,000
CBM Per Annum Installed Capacity
75%
Average Capacity Utilization for Q2FY24
Residential & Commercial furniture
Wall Paneling
Architectural Moldings
Industrial Products
Sports Goods
Display Cabinets
CNC Routing
Flooring
APPLICATION
Rushil Décor Limited | Investor Presentation
Doors & Partition Cornices
11
Production
UNIT 1
CBM per annum
Chikmagalur, Karnataka
UNIT 2
Installed Capacity 90,000 CBM per Annum
Utilization (Q2 FY24) 83%
Vishakhapatnam, Andhra Pradesh
Installed Capacity 2,40,000 CBM per Annum
Utilization (Q2 FY24) 72%
Rushil Décor Limited | Investor Presentation
12
27,000
Hectares of land cultivated
~6.4 Lakh
Farmers provided with Saplings
~135 mn
Trees planted in Karnataka and Andhra Pradesh
~8 mn
Saplings to be planted by FY24
ENSURING SUSTAINABLE SUPPLY OF WOOD
Benefits to Farmers
Benefits to Community
Benefits to Rushil Décor Limited
Famers can now use their wastelands for agro-forestry
Conservation of natural resources & forest
Ensures consistent supply of raw materials from farmers
A Supplementary Revenue Stream as RDL Procures Wood at Competitive Prices
Agroforestry practices contribute to sustainable land management and can improve the long-term productivity of farmland
Economic momentum, sustainable livelihoods, and employment opportunities for thousands of skilled and unskilled individuals
Environmental protection security
Plants are strategically located nearer to agro-forestry plantations helps in reduce transportation, lower emissions
We are committed to promoting agroforestry to sequester carbon and to broaden the social, economic and environmental sustainability of rural development
Agroforestry diversifies offering vital social, economic, and environmental benefits, shaping a greener planet and a better future for all
Source: Company Data
Rushil Décor Limited | Investor Presentation
13
• Networking with Indian Paper Manufacturers Association (IPMA) for encouraging plantation in commanding areas of Rushil Décor Ltd.’s units.
• Learning and practicing with Wood is Good magazine and development of National working plant code for forest management standards (IWST/ IPIRTI, Autonomous body of Ministry of Environment Forest and Climate Change)
• Efforts for minimizing import with AIPM and DGTR • Knowledge sharing with Central Pulp and Paper Research Institute
(CPPRI – Ministry of Industry and Commerce)
Source: Company Data
Rushil Décor Limited | Investor Presentation
14
Europe
Gulf & Middle East
North America
India
Indonesia
Australia
Latin America
Rest of Asia Pacific
As we embark on our expansion into newer regions, we see significant opportunities for our value-added products. We continue to prioritize product development and innovation and ensure that our products meet the demands of the new market.
Rushil Décor Limited | Investor Presentation
15
Product Innovation & Value Engineering
We persistently prioritize design and quality in our product innovation, aiming to make our brand stand out in the market.
Strategically Located Manufacturing Plants
Strategically situating our manufacturing facilities near raw material sources guarantees a steady, cost-effective supply chain, ensuring operational efficiency for Rushil Decor.
Strong Branch and Dealer Network
Through a vast network of 550+ distributors and 4,000+ retailers nationwide, Rushil Decor achieves efficient customer reach across diverse locations, solidifying its domestic presence.
Significant Export Presence
We've expanded to 50+ countries, building a strong export brand, which not only fuels growth but also diversifies risk for sustainable expansion.
Rushil Décor Limited | Investor Presentation
16
SAP Implementation Scope
Comprehensive implementation of SAP across entire organization including 5 state-of-the-art manufacturing plants, warehouses, CNF Agents, head office and branches
Migration
Historical reliance on Tally for over 30 years
Successful migration to SAP, representing a significant transformation
Speedy Implementation
Implementing SAP in a record time of just 7 months
Highlights organization's commitment to efficient project management and execution
Financial Results from SAP
The financial results for 30th June 2023, obtained through SAP Become more efficient, leading to better resource utilization
Rushil Décor Limited | Investor Presentation
17
SAC – SAP Analytical Cloud
Transportation Module
RFID Implementation at Warehouse
Implementation of SAP phase 2 supports business transformation and innovation, ultimately contributing to organization's long-term success
Rushil Décor Limited | Investor Presentation
18
Mr. Krupeshbhai G. Thakkar Chairman
Mr. Rushill Thakkar Director
Mr. Keyur M. Gajjar Chief Executive Officer
Mr. Hiren Padhya Chief Financial Officer
Mr. Hasmukh K. Modi Company Secretary
Bachelor‘s degree in commerce from Gujarat University
30+ years of experience in laminates and other allied products
Manages and leads operations
Graduate with over 9 years of experience
Bachelor's degree in engineering and MBA
Played significant role in setting up new MDF facility in Andhra Pradesh
Responsible for logistics & warehousing, exports
Over 2 decade of experience
Responsible for planning and overall functioning of organization
Qualified Chartered Accountant, Company Secretary and Cost Accountant
30 years of experience in financial management
Associated with Company for the last 14 years
Commerce graduate and Company Secretary qualifications
Completed ICMAI in 2011
Rushil Décor Limited | Investor Presentation
19
Rushil Décor Limited | Investor Presentation
20
Indian Furniture Industry ($ bn) 6% CAGR
32.8
23.3
9%
8%
15%
Domestic Wood Panel Industry
Plywood
Laminates
MDF
68%
Particle Board
FY21
FY27
Wood panel industry at 7.2% CAGR over FY23-26E
330
400
430
530
FY2021
FY2022
FY2023P
FY2026E
900 800 700 600 500 400 300 200 100 0
Indian Furniture industry expected to accelerate to CAGR of 6.0% over FY21-27 to reach USD 32.8 bn
Real estate market in India is expected to grow at ~20% CAGR over CY21-30E and reach USD1tn by 2030.
The Market is mainly growing on account of : • Urbanization • Large scale young
population
• Rising disposable
income
Industry Data, Industry Reports, PL, Axis Capital, Haitong Securities
Rushil Décor Limited | Investor Presentation
21
MDF Segment
MDF Share to Reach 50% by 2030
Growth Drivers
60
50
40
30
70
60
50
40
30
20
10
0
10
13
70%
30%
90%
10%
80%
20%
50%
50%
FY2011
FY2016
FY2021
FY2022
FY2023P
FY2025E
Rest Of the World
India - 2019
India-2022
India- 2030
MDF
Plywood
MDF Segment
MDF Segment Market Share
₹ 5,000 crore
~MDF Market Size
35%
Organized
Unorganized
65%
15%
11%
13%
26%
Greenpanel CenturyPly Rushil Décor Other
Source: PL report, Industry Report, Company Data
Rushil Décor Limited | Investor Presentation
Growth in the Real Estate Sector
Modernization of Furniture Industry
Rapid Pace of Urbanisation
Changing demographics of Young Population
Sustainability and Green Building Practices
Reduction in Furniture Cycle Time
22
50
50
60
65
90
100
90
80
70
60
50
40
30
20
10
0
30
Laminates business at 11.5% CAGR over FY23-26E
The laminates market is growing due to higher living standards, a preference for modern home furnishings, and increased urbanization
FY11
FY14
FY21
FY22
FY23
FY26E
₹ 9,000 crore
~Laminates Market Size
₹ 2,500 crore ~Total Exports from India
₹ 6,500 crore ~Size of Domestic Market
Laminates Market Share
Laminates Market Share by Companies
38%
Organized
Unorganized
62%
2%
11%
7%
21%
Greenlam Century Stylam Rushil Décor
Source: PL report, Industry Report, Company Data
Rushil Décor Limited | Investor Presentation
23
Increasing share of middle-class households (Est 2030)
(29 M)
7%
High
Upper Mid
(168 M)
44%
Total Household
Lower Mid
(132 M)
34%
Low
(57 M)
15%
The surge in demand stems from both the residential and commercial real estate segments. Middle-class earnings have tripled from FY 13 to FY 22, growing from 4.4 lakhs to 13 lakhs.
Rising accessibility through deferred payment options is propelling the need for ready-to-assemble furniture, especially among young urban buyers
The ascent of e-commerce, or online retail, is propelling the share of online transactions in the Indian furniture sector from 3% to an estimated 5-6% by FY27.
Favorable demographic (India's population in age group 25-64 years reached >65%)
Rapid Urbanisation (India's (36% in CY22; Expected to reach >50% by CY45)
Rising per capital Income Expected to reach USD 3,300 by CY25)
Real estate sector expects ~20% CAGR over CY21-30E to reach USD1trn in market size.
Source: PL Report, Industry Data
Rushil Décor Limited | Investor Presentation
24
Revenues (Rs. Crore)
EBITDA (Rs. Crore) / Margin (%)
203.4
204.6
23.17%
47.1
14.14%
28.9
Q2FY23
Q2FY24
Q2FY23
Q2FY24
Gross Profit (Rs. Crore)
111.3
98.0
PAT (Rs. Crore) / Margin %
13.09%
26.7
5.14%
10.6
Q2FY23
Q2FY24
Q2FY23
Q2FY24
Gross Profit –Revenue from operations –Total raw material cost
Rushil Décor Limited | Investor Presentation
25
Particulars (Rs. Crore)
Q2 FY244 Q1 FY24 Q2 FY23
Y-o-Y (%)
Particulars (Rs. Crore)
H1 FY244
H1 FY23
Y-o-Y (%)
Revenue from Laminates
49.08
41.51
52.12
-5.83
Revenue from Laminates
Domestic
Export
17.03
15.24
18.71
32.05
26.27
33.41
EBITDA Margin %
10.51
8.67
5.78
Sales Volume (Sheets)
7,74,032
6,08,264
7,28,714
6.22
Domestic
Export
3,28,562
2,52,525
3,21,748
4,45,470
3,55,739
4,06,966
Capacity Utilisation
82%
79%
85%
Domestic
Export
EBITDA Margin %
-8.99
90.60
32.27
58.32
9.67
99.55
35.57
63.98
6.03
Sales Volume (Sheets)
13,82,296
13,64,984
1.27
Domestic
Export
5,81,087
5,99,928
8,01,209
7,65,056
Blended Realisation (Rs. Per Sheet)
Domestic Realisation (Rs. Per Sheet)
634
683
715
-11.33
Capacity Utilisation
81%
84%
518
604
583
-11.15
Blended Realisation (Rs. Per Sheet)
Domestic Realisation (Rs. Per Sheet)
Export Realisation (Rs. Per Sheet)
720
738
820
-12.20
Export Realisation (Rs. Per Sheet)
655
555
728
729
593
836
-10.15
-6.41
-12.92
Strong demand for company’s product in global market led to increase in volumes of laminates by 6.2%
Rushil Décor Limited | Investor Presentation
26
Particulars (Rs. Crore)
Q2 FY244 Q1 FY24
Q2 FY23
Y-o-Y (%)
Particulars (Rs. Crore)
H1 FY244
H1 FY23
Y-o-Y (%)
Revenue from MDF
149.65
147.64
148.92
0.48
Revenue from MDF
296.38
309.65
-4.29
Domestic
Export
120.00
117.82
127.74
29.64
28.92
21.18
EBITDA Margin %
16.51
16.93
29.73
Domestic
Export
EBITDA Margin %
237.82
261.96
58.56
16.90
47.69
28.60
Sales Volume (CBM)
60,413
59,090
54,344
11.17
Sales Volume (CBM)
1,19,502
1,13,089
5.7
Domestic
Export
45,921
44,033
44,481
14,492
15,056
9,864
Capacity Utilisation
75%
70%
74%
Blended Realisation (Rs. Per CBM)
24,770
24,883
27,402
-9.61
Domestic Realisation (Rs. Per CBM)
26,132
26,756
28,717
-9.00
Domestic
Export
89,954
91,909
29,548
21,180
Capacity Utilisation
73%
75%
Blended Realisation (Rs. Per CBM)
24,801
27,831
-10.89
Domestic Realisation (Rs. Per CBM)
26,438
28,503
-7.24
Export Realisation (Rs. Per CBM)
20,455
19,208
21,474
-4.75
Export Realisation (Rs. Per CBM)
19,819
22,514
-11.97
Strong demand for company’s product in global market led to increase in volumes of MDF by 11.2%
Rushil Décor Limited | Investor Presentation
27
Particulars (Rs. Crore)
Q2 FY244
Q1 FY24
Q2 FY23
Y-o-Y (%)
H1 FY24
H1 FY23
Y-o-Y (%)
Revenue
Cost of Materials Consumed
Changes in Inventories
Employee Cost
Other Expenses
EBITDA
EBITDA Margin
Other Income
Depreciation
Finance Cost
Exceptional Items
PBT
Tax
PAT
PAT Margin
204.61
109.72
-3.10
14.07
54.98
28.93
192.82
104.75
-6.24
12.78
52.63
28.91
203.39
103.02
-10.97
11.79
52.43
47.13
0.60%
-38.60%
14.14%
14.99%
23.17%
0.53
7.36
8.34
0.0
13.76
3.21
10.55
5.14%
2.27
7.24
7.52
0.0
16.42
4.22
12.20
6.25%
0.45
6.48
5.65
0.0
35.45
8.77
26.68
-60.45%
397.43
214.48
-9.34
26.88
107.61
57.84
14.55%
2.80
14.59
15.86
0.0
30.18
7.44
22.75
414.17
-4.04%
208.41
-21.40
22.71
109.81
94.65
-38.89%
22.85%
0.62
12.60
10.51
0.0
72.16
18.28
53.88
-57.78%
13.09%
5.68%
12.99%
Rushil Décor Limited | Investor Presentation
28
Rs. Crore
Equity
Equity Share Capital
Other Equity
Non-Current Liabilities
Long Term Borrowings
Other Financial Liabilities
Provisions
Deferred Tax Liabilities (Net)
Other Non-Current Liabilities
Current Liabilities
Short Term Borrowings
Trade Payables
Dues to micro & small enterprises
Dues to other than micro & small enterprises
Other Financial Liabilities
Other Current Liabilities
Provisions
Current Tax Liability (Net)
Total Equity & Liabilities
Rushil Décor Limited | Investor Presentation
As on 30th Sept 2023
As on 30th Sept 2022
Rs. Crore
As on 30th Sept 2023
As on 30th Sept 2022
492.00
26.54
465.46
255.69
187.50
8.72
3.01
52.38
4.08
279.39
120.35
6.64
127.49
0.08
11.26
13.57
339.63
19.91
319.72
346.33
284.18
8.84
2.91
44.39
6.01
283.39
132.96
5.70
88.95
0.45
28.65
19.04
7.65
1,027.08
969.35
Non-current Assets
Property, Plant and Equipment
Capital WIP
Other Intangible Assets
Financial Assets
Investments
Trade Receivables
Loans
Other Financial Assets
Other Non-Current Assets
Current Assets
Inventories
Financial Assets
Trade Receivables
Cash & Cash Equivalent
Bank Balance other than Cash
Other Current Assets / Loans
Total Assets
657.65
626.50
3.88
6.29
0.01
3.67
0.08
9.75
7.46
369.43
208.78
123.79
0.51
5.05
31.30
1,027.08
653.55
628.85
0.14
6.87
0.01
2.26
0.08
10.30
5.02
315.80
183.03
100.28
0.54
5.71
26.25
969.35
29
Revenues (Rs. Crore)
EBITDA (Rs. Crore) / Margin (%)
624.2
838.4
FY22
FY23
11.8%
73.9
FY22
17.8%
149.4
FY23
Gross Profit (Rs. Crore)
PAT (Rs. Crore) / Margin (%)
307.7
422.9
FY22
FY23
3.6%
22.8
FY22
9.3%
77.7
FY23
Gross Profit – Revenue from operations – TAotal raw material cost
Rushil Décor Limited | Investor Presentation
30
Sales Volumes (Sheets)
28,69,155
28,82,816
27,78,474
26,82,847
Realization (Rs. per sheet)
586
601
691
714
FY20
FY21
FY22
FY23
FY20
FY21
FY22
FY23
EBITDA (Rs. Crore) / Margins (%)
Export Realization (Rs. per sheet)
9.9%
16.3
10.7% 18.8
6.5%
12.3
7.4%
15.3
657
698
788
807
FY20
FY21
FY22
FY23
FY20
FY21
FY22
FY23
Rushil Décor Limited | Investor Presentation
31
Sales Volumes (Sheets)
2,36,579
Realization (Rs. per sheet)
1,76,545
24,416
26,234
83,592
77,520
19,733
10,041
EBITDA (Rs. Crore) / Margins (%)
13.6%
11.6%
14.8%
21.6%
134.3
64.4
22.7
18.1
FY20
FY21
FY22
FY23
FY20
FY21
FY22
FY23
FY20
FY21
FY22
FY23
Export Realization (Rs. per CBM)
Export Volumes (CBM)
22,239
22,103
38,310
20,975
20,892
14,114
FY20
FY21
FY22
FY23
367
FY20
232
FY21
FY22
FY23
Rushil Décor Limited | Investor Presentation
32
Return on Equity (%)
Return on Capital Employed (%)
21.4%
10.1%
7.9%
5.2%
25.0%
20.0%
15.0%
10.0%
5.0%
0.0%
16.2%
5.1%
4.6%
7.2%
18.0%
16.0%
14.0%
12.0%
10.0%
8.0%
6.0%
4.0%
2.0%
0.0%
FY20
FY21
FY22
FY23
FY20
FY21
FY22
FY23
ROE – PAT/Shareholders Fund; ROCE – EBIT/(Shareholders Fund+Total Debt – Investments); Debt to Equity – Total Debt/ Equity
Rushil Décor Limited | Investor Presentation
33
THANK YOU
Rushil Décor Limited Mr. Hiren Padhya, Chief Financial Officer Email: hiren.padhya@rushil.com | Website: www.rushil.com Phone: +91 79 6140 0400
Het Choksey Advisors Mr. Nikunj Seth Email: ir-advisors@hetchoksey.com Phone: +91 9773397958