Rushil Decor Ltd. · NSE:RUSHIL
Rushil Decor — Q4 FY2025 Earnings Presentation
25 slides from Rushil Decor's earnings presentation, May 15, 2025
Slide 1: Exchange filing cover letter for investor presentation
••• ••• ••• RUSHIL DECOR LIMITED WE'LL MAKE IT RDU015/2025-26 D ate: 15.05.2025 To, To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra - Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400051 Mumbai - 400001 NSE EQUITY SYMBOL: RUSHIL SCRIP CODE:
Slide 2: Rushil Decor Limited Q4 and FY2025 Earnings Presentation
Rushil Decor Limited A beautiful concept Q4 and FY2025 | Earnings Presentation
Slide 3: Rushil Decor: MDF Boards, Laminates and Plywood
Rushil Decor: MDF Boards, Laminates and Plywood 100+ Years 1,200+ 6 lineage of wood engineering. Designs Distinct Brands 30+ Years in MDF Boards and Laminates One of the Largest 720+ 4,600+ Direct Distributors Retailers / Dealers manufacturer of MDF Boards and Laminates in organized markets 6 State-
Slide 4: Rushil Decor: Investment Case (1/2)
Rushil Decor: Investment Case (1/2) 1. Wood Panel Market Position 3. Integrated Operating Platform • One of the leading manufacturers of MDF boards and Laminates in India • Manufacturing facilities: 1 MDF plant in Andra Pradesh and 1 in Karnataka, and 3 Laminate plants in Gujarat • Recently entered
Slide 5: Rushil Decor: Investment Case (2/2)
Rushil Decor: Investment Case (2/2) 5. Accessing Global Markets 7. Attractive Industry Dynamics • India is the leading manufacturer of Laminates across the world with quality • Growth in the real estate sector, ongoing urbanization and modernization of and cost-effective workmanship furniture underp
Slide 6: Managing Director's Message
Managing Director’s Message “As FY2025 concludes, Rushil Decor has delivered a resilient performance despite a dynamic business environment. Consolidated revenue for FY2025 was Rs 8,979 million, marking a 6.4% year-on-year growth, while Profit After Tax increased by 11.1% to Rs 479 million. This per
Slide 7: Performance Highlights: Q4 FY2025 Consolidated
Performance Highlights: Q4 FY2025 Consolidated Financial Highlights Y-o-Y MDF Boards Y-o-Y Laminates Y-o-Y • Rushil Decor: • MDF Boards : • Laminates: • Revenue Rs. 2,307 Mn (1.2)% • Revenue Rs. 1,688 Mn (4.4)% • Revenue Rs. 530 Mn 5.9% • EBITDA Rs. 231 Mn (21.1)% • EBITDA Rs. 181 Mn (28.4)% • EBITD
Slide 8: Performance Highlights: FY2025 Consolidated
Performance Highlights: FY2025 Consolidated Financial Highlights Y-o-Y MDF Boards Y-o-Y Laminates Y-o-Y • Rushil Decor: • MDF Boards : • Laminates: • Revenue Rs. 8,979 Mn 6.4% • Revenue Rs. 6,637 Mn 5.2% • Revenue Rs. 1,989 Mn 4.7% • EBITDA Rs. 1,057 Mn (11.8)% • EBITDA Rs. 851 Mn (16.5)% • EBITDA R
Slide 9: Q4 and FY25 Financial Highlights: Consolidated
Q4 and FY25 Financial Highlights: Consolidated Revenue (Rs. Million) EBITDA (Rs. Million) / Margin (%) 12.5% 12.9% 10.0% 14.2% 11.8% 8,979 8,440 1,199 1,057 2,334 2,117 2,307 292 273 231 Q4FY24 Q3FY25 Q4FY25 FY24 FY25 Q4FY24 Q3FY25 Q4FY25 FY24 FY25 PBT (Rs. Million) / Margin (%) PAT (Rs. Million) /
Slide 10: Q4 and FY25 Division Overview: MDF Boards
Q4 and FY25 Division Overview: MDF Boards Revenue (Rs. Million) EBITDA (Rs. Million) / Margin (%) 14.3% 15.2% 10.7% 16.2% 12.8% 6,637 6,308 1,019 851 1,765 1,540 1,688 253 234 181 Q4FY24 Q3FY25 Q4FY25 FY24 FY25 Q4FY24 Q3FY25 Q4FY25 FY24 FY25 Revenue Contribution Sales Volume (CBM) 6,637 6,308 2,79,5
Slide 11: Q4 and FY25 Division Overview: MDF Boards
Q4 and FY25 Division Overview: MDF Boards Average Capacity Utilisation (%) Blended Realisation (Rs. Per CBM) 88 23,846 23,768 24,225 87 87 23,602 23,501 81 77 Q2FY25 Q3FY25 Q4FY24 FY24 FY25 Q2FY25 Q3FY25 Q4FY25 FY24 FY25 Indian Market Realisation (Rs. Per CBM) Exports Market Realisation (Rs. Per CBM
Slide 12: MDF Boards: Continued Growth in Exports Volume and Realisation
MDF Boards: Continued Growth in Exports Volume and Realisation Exports Sales Volume (CBM) 81,720 61,716 21,372 22,879 15,467 16,701 18,982 18,487 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 FY24 FY25 Export Realisation (Rs. Per CBM) 21,961 21,308 21,415 21,279 20,276 19,586 19,684 19,724 Q3FY24 Q4FY24
Slide 13: Q4 and FY25 Division Overview: Laminates
Q4 and FY25 Division Overview: Laminates Revenue (Rs. Million) EBITDA (Rs. Million) / Margin (%) 8.4% 7.7% 8.5% 10.0% 9.5% 1,900 1,989 191 190 500 486 530 45 42 38 Q4FY24 Q3FY25 Q4FY25 FY24 FY25 Q4FY24 Q3FY25 Q4FY25 FY24 FY25 Revenue Contribution Sales Volume (Sheet) 29,08,388 30,48,067 1,900 1,989
Slide 14: Q4 and FY25 Division Overview: Laminates
Q4 and FY25 Division Overview: Laminates Average Capacity Utilisation (%) Blended Realisation (Rs. Per Sheet) 90 86 694 83 83 83 669 653 653 632 Q2FY25 Q3FY25 Q4FY25 FY24 FY25 Q2FY25 Q3FY25 Q4FY25 FY24 FY25 Indian Market Realisation (Rs. Per Sheet) Exports Market Realisation (Rs. Per Sheet) 701 701
Slide 15: MDF Boards Value Added: Quantity and Value Targets
MDF Boards Value Added: Quantity and Value Targets Quantity % 40% 43% 27% FY23 FY24 FY25 50% 53% Value % 37% FY23 FY24 FY25 Value added products target 60% of revenue and 50% of volumes of MDF Boards in FY2026 Rushil Decor Limited | Earnings Presentation 14
Slide 16: Profit & Loss Statement: Q4 and FY25
Profit & Loss Statement: Q4 and FY25 Rs. Million Q4 FY254 Q4 FY24 Y-o-Y (%) Q3 FY25 Q-o-Q (%) FY254 FY24 Y-o-Y (%) Revenue 2,307.3 2,334.2 (1.2)% 2,117.2 9.0% 8,979.4 8,439.7 6.4% Cost of Materials Consumed 1,272.2 1,275.0 1,178.7 4,964.1 4,393.1 Purchase of Stock in Trade (0.1) - 1.0 4.5 - Changes
Slide 17: Balance Sheet: As on 31st March 2025
Balance Sheet: As on 31st March 2025 As on 31st Mar As of 31st Mar As on 31st Mar As of 31st Mar Rs. Million 2025 2024 Rs. Million 2025 2024 Equity Non-Current Assets Equity Share Capital 286.8 265.4 Property, Plant and Equipment 6,996.8 6,238.3 Other Equity 6,038.8 5,162.4 Capital WIP 74.8 64.6 Non
Slide 18: Capital Structure: Net Debt to Equity Ratio
Capital Structure: Net Debt to Equity Ratio 4,003 3,116 3,023 1.10 2,861 2,820 2,682 2,620 2,563 2,575 0.65 0.61 0.53 0.53 0.45 0.44 0.44 0.41 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Net Debt (Rs. Mn) D/E Ratio Continued focus on deleveraging, with Net Debt-to-Equity ratio imp
Slide 19: Specialized Products Offerings: Distinct Brands
Specialized Products Offerings: Distinct Brands Application Application • Industrial Products • Home Furniture • Residential furniture • Cabinet Doors • Commercial furniture • Desktops • Wall Paneling • Wardrobes • Architectural Moldings • Wall Paneling • Sports Goods • Commercial Furniture • Displa
Slide 20: Production Capacity and Utilization
Production Capacity and Utilization Laminates MDF Boards Karnataka & Gujarat Andhra Pradesh Installed Capacity Installed Capacity 34,92,000 3,30,000 sheets per annum CBM* per annum Gandhinagar No. of Units No. of Units 3 2 Gandhinagar Chikmagalur & Vizag FY25 FY25 Vizag Capacity Utilisation Capacity
Slide 21: Laminates Manufacturing: Expansion Plan
Laminates Manufacturing: Expansion Plan Laminates Manufacturing Platform Total Capacity Additional Capacity Future Capacity 34,92,000 28,00,000 62,92,000 Sheets Per Annum Sheets Per Annum Sheets Per Annum • A brownfield project has been started in Gandhinagar, Gujarat, adjacent to the existing facil
Slide 22: Expanding Sales Footprints: 56+ Countries
Expanding Sales Footprints: 56+ Countries Russia Europe Gulf & Middle East North America India Africa Indonesia Saudi Arabia Latin America Rest of Asia Pacific With expansion into newer regions, there are significant opportunities for our value-added products. New Jumbo Laminates will exclusively ta
Slide 23: Led by Strong and Experienced Management Team
Led by Strong and Experienced Management Team Mr. Krupeshbhai G. Thakkar Mr. Hiren Padhya Chairman and Whole Time Director Chief Financial Officer Bachelor‘s degree in commerce from Gujarat University Qualified Chartered Accountant, Company Secretary and Cost Accountant 30+ years of experience in la
Slide 24: Board of Directors
Board of Directors Audit Committee Stakeholders Relationship Mr. Krupeshbhai G. Thakkar Mr. Rushil K.Thakkar Mr. Ramanik T. Kansagara Committee Chairman and Whole Time Director Managing Director Whole Time Director Nomination and Remuneration Committee Corporate Social Responsibility Committee Mr. K
Slide 25: Disclaimer
This presentation has been prepared by Rushil Decor Limited (the world- wide, competition, the company’s ability to successfully implement its “Company”) solely for information purposes and does not constitute any strategy, the Company’s future levels of growth and expansion, offer, recommendation o