Rushil Decor Limited (RDL), a flagship company of the Rushil Group, was incorporated on May 24, 1993, as "Rushil Decor Private Limited" under the provisions of the Companies Act, 1956. The name was later changed to "Rushil Decor Limited" on December 4, 2007. Rushil Décor Ltd. is one of the leading companies in the Laminate and MDF panel boards industry in India with a global footprint in over 56 countries. Founded in 1993, the company is today a partner of choice for discerning customers worldwide.
Incorporated in 1993, Rushil Decor Ltd manufactures and sells Laminate Sheets, Medium Density Fibre Board (MDF), Pre-laminated Medium Density Fibre Board boards, and Polyvinyl Chloride (PVC) Board, making it a comprehensive interior products manufacturer. Rushil Decor Limited is an India-based company, which manufactures laminated sheets, medium density fiber (MDF) board, and polyvinyl chloride (PVC) foam board using facilities strategically located in Gujarat, Karnataka, and Andhra Pradesh.
The company operates through a robust manufacturing infrastructure with six cutting-edge manufacturing plants. Rushil Decor has an annual capacity of 3,30,000 CBM MDF and 3.49 million laminates, serving customers in over 53 countries. It manufactures decorative (single-sided) as well as industrial (double-sided) laminates with a range of designs, colors, and finishes in three of its manufacturing plants located in Gujarat, having an aggregate laminate capacity of 34.92 lakh sheets per annum.
It also manufactures standard thick MDF boards and pre-lam MDF boards with thickness ranging from 7-30 millimeters (mm) at its plant located at Chikmagalur, Karnataka, with an installed capacity of 300 cubic meters (CBM) per day, demonstrating the company's strategic geographical spread across multiple states.
The company's product range includes VIR Laminates, VIR MDF boards, VIR MAXPRO (HDFWR) boards, VIR Pre-laminated Decorative MDF/HDFWR boards, VIR Modala Ply, VIR PVC, and VIR WPC boards/doors. It boasts 1,200+ SKUs / Designs, 600+ Direct Distributors, and 4,400+ Retailer Dealers, showcasing the extensive reach and variety of offerings.
The company operates through three main segments: Decorative Laminated Sheets, Medium Density Fiber Board, and Polyvinyl Chloride Boards segments. RDL is a 3 Star Export House certified manufacturer of MDF boards, Plywood, and Laminates in organized segments.
Rushil Decor currently has a market capitalization of ₹813 crore (as of FY25), having seen a decrease of 18.1% over the last year. The company reported revenue of ₹891 crore and a profit of ₹48.3 crore for FY25. Rushil Décor Limited announced a 6.4% revenue growth for FY2025, reaching ₹8,979 million, with an 11.1% increase in PAT.
- Market Capitalization: ₹813 crore (as of FY25)
- Revenue FY25: ₹891.34 crore
- Profit FY25: ₹48.31 crore
- Q4 FY25 Revenue: ₹230.73 crore
- Q4 FY25 Net Profit: ₹12.61 crore (up 43.11% YoY)
- Promoter Holding: 56.4% (increased by 1.74% over last quarter)
- P/E Ratio (11-Jun-2025): 18.30
- Return on Equity (last 3 years): 12.3%
Q4 FY25 (March 2025):
- Revenue: ₹230.73 crore
- Net Profit: ₹12.61 crore. Net profit rose 43.11% to Rs 12.88 crore compared to Rs 9.00 crore in Q4 FY24.
FY25 Annual Performance:
- Sales rose 5.61% to Rs 891.34 crore compared to Rs 843.97 crore in FY24.
- Net profit rose 12.06% to Rs 48.31 crore compared to Rs 43.11 crore in FY24.
Q1 FY25 Performance:
- The company reported a substantial 15.9% year-over-year growth in revenue.
- Profit after Tax margins increased to 5.5%, an improvement of 1.6% compared to the previous quarter.
- Basic EPS for Q1 FY2025: Rs. 4.61; Diluted EPS: Rs. 4.06.
Promoter Holding: 56.4%, with promoter holding increasing by 1.74% over the last quarter. Promoter holding in Rushil Decor Ltd has gone up to 56.37 per cent as of Mar 2025 from 54.81 per cent as of Sep 2024.
The company plans to complete Phase 2 of its Jumbo Laminate facility by Q3 FY26, adding significant capacity to meet international demand. This expansion is part of the company's growth strategy to capture a larger market share in both domestic and international markets.
Driven by automated plants, world-class German technologies, and global standards, Rushil Decor relentlessly creates smarter spaces. The company ensures optimal supply chain efficiencies and resource utilization. Strategic local plantations further enhance cost advantages in raw material sourcing, allowing Rushil Decor to meet global market demand effectively and sustainably.
The company has been active in corporate restructuring, with 66 lakh shares allotted on conversion of 6.6 lakh warrants, and Rs.14.7 Cr raised via preferential allotment in June 2024. Additionally, forfeiture of Rs. 2.45 Cr on 3.3 lakh unconverted warrants at Rs.297 each by Rushil Decor occurred during the same period.
- The company has a low return on equity of 12.3% over the last 3 years.
- The latest P/E ratio of Rushil Decor as of 11-Jun-2025 16:59 is 18.30.
- Rushil Decor's 52-week high is ₹45.45 and 52-week low is ₹19.57.
- The current share price of Rushil Decor is ₹28.98, which is 36.24% down from its 52-week high and 48.08% up from its 52-week low.
- Listing date: July 07, 2011.
- The company is led by Chairperson: Krupeshbhai G Thakkar.
The company's commitment to sustainable practices and modern manufacturing technology positions it well for future growth in the interior infrastructure sector.
