Slide 1: Covering letter to stock exchanges
••• ••• ••• RUSH IL DECOR LIMITED WE'LL MAKE IT RDL/020/2023-24 Date: 04.05.2023 To, To, National Stock Exchange of India Ltd. SSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers, Sandra - Kurla Complex, Dalal Street, Sandra (E), Mumbai - 400 051 Mumbai- 400 001 NSE EQUITY SYMBOL: RUSHIL BSE SCRIP
Slide 2: Investor Presentation Q4 & FY23
Investor Presentation Q4 & FY23
Slide 3: Disclaimer
Disclaimer 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 cont
Slide 4: Table of content
Table of content 1. Q4 & FY23 Financial Highlights 2. Company Overview 3. Industry Overview 4. Historical Financial Highlights 5. Way Ahead
Slide 5: Q4 & FY23 Financial Highlights
Q4 & FY23 Financial Highlights Laminates MDF
Slide 6: Management Comment
Management Comment “In the quarter ended March 2023, we reported a revenue of Rs. 213.9 crore with an EBITDA and PAT of Rs. 28.2 crore and Rs. 13.6 crore respectively. On the laminates business our volumes saw a growth of 11% on a year on year basis. Our quarterly MDF volumes increased by 22% on a y
Slide 7: Q4 FY23 Financial Highlights
Q4 FY23 Financial Highlights EBITDA (Rs. Crore) / Revenues (Rs. Crore) Gross Profit (Rs. Crore) PAT (Rs. Crore) / Margin % Margin (%) 16.2% 13.2% 7.9% 6.3% 94.9 93.2 31.6 213.9 15.4 195.1 28.2 13.6 Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 Gross Profit – Revenue from operations
Slide 8: FY23 Financial Highlights
FY23 Financial Highlights EBITDA (Rs. Crore) / Revenues (Rs. Crore) Gross Profit (Rs. Crore) PAT (Rs. Crore) / Margin % Margin (%) 11.8% 17.8% 3.6% 9.3% 838.4 422.9 149.4 77.7 624.2 307.7 73.9 22.8 FY22 FY23 FY22 FY23 FY22 FY23 FY22 FY23 Gross Profit – Revenue from operations – Total raw material co
Slide 9: Quarterly Highlights – Laminates
Quarterly Highlights – Laminates EBITDA (Rs. Crore) / Revenues (Rs. Crore) Sales Volumes (Sheets) Realization (Rs. per sheet) Margin % 49.4 51.3 665,529 739,998 742 693 5.6% 5.9% 892 3.1 792 2.8 3,32,031 19.0 3,34,190 19.9 594 572 4,07,967 3,31,339 32.3 29.6 Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 Q4 FY22 Q
Slide 10: Quarterly Highlights – MDF
Quarterly Highlights – MDF EBITDA (Rs. Crore) / Revenues (Rs. Crore) Sales Volumes (CBM) Realization (Rs. per CBM) Margin (%) 143.1 159.1 54179 66179 27,410 24,034 20.4% XX% 15.9% XX% 29.2 25.3 60,534 148.4 47,130 27230 127.4 24508 22315 18954 7,049 15.7 5,645 10.7 Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 Q4
Slide 11: Quarterly & Full Year Financial Highlights
Quarterly & Full Year Financial Highlights Particulars (Rs. Crore) Q4 FY23 Q4 FY22 Y-o-Y (%) FY23 FY22 Y-o-Y (%) Revenue 213.9 195.1 9.6% 838.4 624.2 34.3% Cost of Services & Raw Materials 119.3 113.2 433.1 359.7 (Increase) / Decrease In Stocks 1.5 -13.9 -17.6 -45.3 Purchase of Finished Goods 0.0 0.
Slide 12: Company overview
Company overview Laminates MDF
Slide 13: Among India's Leading Laminates & MDF Manufacturers
Among India’s Leading Laminates & MDF Manufacturers 3.49 mn Sheets Installed capacity for 5 State-of-the-art Laminates manufacturing facilities across India 25+ 3,30,000 CBM Strong network of Years in Decorative 560+ direct Installed capacity for distributors & 4,160+ Laminates & MDF MDF retailers/d
Slide 14: Offering Specialized Products
Offering Specialized Products Units 3 • Home furniture • Cabinet Doors Decorative Capacity 3.49 million p.a. • Desktops Laminates Utilization FY23 – 84% • Wardrobes • Wall Paneling Location Gujarat • Commercial furniture Brands Manufacturing Applications • Residential & Commercial Units 2 furniture
Slide 15: State-of-the-art Manufacturing Facilities – Laminates
Through State-of-the-art Manufacturing Facilities – Laminates Laminates – Gujarat • 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 R
Slide 16: Technically Advanced MDF Manufacturing Plants
Technically Advanced MDF Manufacturing Plants Technological Superiority of MDF Moisture Resistant Termite Resistant Borer Resistant Stable & Uniform Highly Durable Chikmagalur, Visakhapatnam, Karnataka Andhra Pradesh • Installed Capacity – 90,000 CBM per annum • Installed Capacity – 2,40,000 CBM per
Slide 17: Led by Strong and Experienced Management Team
Led by Strong and Experienced Management Team Mr. Krupeshbhai G. Mr. Rushill Thakkar Mr. Keyur M. Gajjar Mr. Hiren Padhya Mr. Hasmukh K. Modi Thakkar - Chairman Director Chief Executive Chief Financial Company Secretary • Bachelor‘s degree • Graduate with over Officer Officer • Associated with in co
Slide 18: Key Strengths
Key Strengths Product Innovation & Value Engineering Strategically Located Manufacturing Plants • Continuous emphasis on product innovation • Manufacturing facilities located in close and new design development proximity to raw material source, ensuring • Design first, quality first - brand approach
Slide 19: Industry Overview
Industry Overview Laminates MDF
Slide 20: Indian Wood Panel Industry Overview
Indian Wood Panel Industry Overview Indian Furniture Industry ($bn) 30 • Indian furniture industry expected to accelerate to 9% 25 CAGR from $7.6 bn in 2020 to $11.7 bn in 2025 9% CAGR 20 • Growth in furniture industry, improving standard of 15 living, low installation and maintenance cost are key 1
Slide 21: Rising Opportunities in the MDF segment
Rising Opportunities in the MDF segment Global market size is estimated at 105 million CBM (USD 50.2 billion) in 2021, expected to witness a CAGR of 9.6% in 2021-2026 MDF Market in India (Rs. Crores) MDF Plyboard Global vs Domestic MDF penetration 6000 30 50 70 3000 70 50 30 2021 2026 ROW India Indi
Slide 22: Historical Financial Highlights
Historical Financial Highlights Laminates MDF
Slide 23: Annual Highlights – Laminates
Annual Highlights – Laminates Sales Volumes (Sheets) Realization (Rs. per sheet) 28,69,155 28,82,816 714 691 586 601 27,78,474 26,82,847 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 EBITDA (Rs. Crore)/ Margins (%) Export Realization (Rs. per sheet) 10.7% 9.9% 807 7.4% 788 6.5% 657 698 18.8 16.3 15.3 12.3
Slide 24: Annual Highlights – MDF
Annual Highlights – MDF Sales Volumes (CBM) Realization (Rs. per CBM) 2,36,579 24,416 26,234 1,76,545 19,733 83,592 77,520 10,041 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 EBITDA (Rs. Crore)/ Margins (%) Export Volumes (CBM) Export Realization (Rs. per CBM) 21.6% 22,239 22,103 38,310 14.8% 13.6% 11.6%
Slide 25: Annual Financial Highlights
Annual Financial Highlights Particulars (Rs. Crore) FY23 FY22 Y-o-Y (%) Revenue 838.4 624.2 34.3% Cost of Services & Raw Materials 433.1 359.7 (Increase) / Decrease In Stocks -17.6 -45.3 Purchase of Finished Goods 0.0 2.1 Employee Cost 47.1 40.7 Other Expenses 226.4 193.0 EBITDA 149.4 73.9 102.0% EB
Slide 26: Balance Sheet as on 31st March 2023
Balance Sheet as on 31st March 2023 As on 31st As on 31st Mar As on 31st As on 31st Mar Rs. Crore Rs. Crore March 2023 2022 March 2023 2022 Equity 363.4 286.8 610.1 Non-current Assets 659.9 Equity Share Capital 19.9 19.9 Property, Plant and Equipment 634.7 593.5 Other Equity 343.5 266.9 Capital WIP
Slide 27: Key Financial Ratios
Key Financial Ratios Return on Equity Return on Capital Employed Debt to equity 16.2% 21.4% 1.7 1.4 1.5 1.1 10.1% 7.2% 7.9% 5.1% 4.6% 5.2% FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 ROE – PAT/Shareholders Fund; ROCE – EBIT/(Shareholders Fund+Total Debt – Investments); Debt to Equity
Slide 28: Way Ahead
SASHA DF Way Ahead Mi Laminates
Slide 29: Working towards accretive value creation
Working towards accretive value creation Increase capacity utilization of MDF plants • Achieve optimum capacity utilization in existing plants and attain higher efficiencies • Focus on reaching higher utilization levels of 90%-95% from current (75% FY23) within next two years Further expand market p
Slide 30: Ensure sustainable and responsible growth through Agro Forestry
Ensure sustainable and responsible growth through Agro Forestry What is agroforestry? • Land use system which integrate trees and shrubs on farmlands and rural landscapes to enhance productivity, profitability, diversity and ecosystem sustainability. Win-win for Farmers & RDL Benefits Active partici
Slide 31: Thank you
Thank you Rushil Décor Limited Adfactors PR, India Mr. Hiren Padhya, Mr. Shiv Muttoo/ Mr. Smit Shah Chief Financial Officer, Tel - +91 9833557572/ +91 9870789596 Email – hiren.padhya@rushil.com Email – shiv.muttoo@adfactorspr.com | Website – www.rushil.com smit.shah@adfactorspr.com