Slide 1: Exchange filing cover letter
RDL/104/2022-23 Date: 13.02.2023 To, To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra – Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400 051 Mumbai- 400 001 NSE EQUITY SYMBOL: RUSHIL SCRIPT CODE: 533470 ISIN: INE573K01017 Dear Sir/Madam, Su
Slide 2: Investor Presentation Q3 & 9M - FY23
Investor Presentation Q3 & 9M - 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. Q3 & 9M FY23 Financial Highlights 2. Company Overview 3. Industry Overview 4. Historical Financial Highlights 5. Way Ahead
Slide 5: Q3 & 9M FY23 Financial Highlights
Q3 & 9M FY23 Financial Highlights Laminates MDF
Slide 6: Management Comment
Management Comment “I am happy to share that during the third quarter we have registered revenue growth of 26% from Rs. 166.8 to Rs. 210.3 crore. This has been driven by both our business segments – MDF as well as laminates. During the quarter, we saw strong demand for our laminates business in the
Slide 7: Q3 FY23 Financial Highlights
Q3 FY23 Financial Highlights EBITDA* (Rs. Crore) / Revenues (Rs. Crore) Gross Profit (Rs. Crore) PAT (Rs. Crore) / Margin % Margin* (%) 11.4% 18.1 % 4.4 % 4.9% 210.3 102.6 38.1 10.2 166.8 80.3 7.3 19.0 Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 Gross Profit – Revenue from operat
Slide 8: 9M FY23 Financial Highlights
9M FY23 Financial Highlights EBITDA* (Rs. Crore) / Revenues (Rs. Crore) Gross Profit (Rs. Crore) PAT (Rs. Crore) / Margin % Margin* (%) 9.9% 21.4% 1.7% 10.3% 329.7 64.1 624.5 133.7 429.1 209.9 42.4 7.4 9M FY22 9M FY23 9M FY22 9M FY23 9M FY22 9M FY23 Q3 FY22 Q3 FY23 Gross Profit – Revenue from operat
Slide 9: Quarterly Highlights – Laminates
Quarterly Highlights – Laminates EBITDA (Rs. Crore) / Revenues (Rs. Crore) Sales Volumes (Sheets) Realization (Rs. per sheet) Margin % 47.3 56.0 690,044 777,834 685 720 3.3% 10.2% 5.7 789 774 19.5 3,06,405 637 588 3,56,122 20.9 4,71,429 1.6 36.5 3,33,922 26.4 Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 Q3 FY22
Slide 10: Quarterly Highlights – MDF
Quarterly Highlights – MDF EBITDA* (Rs. Crore) / Revenues (Rs. Crore) Sales Volumes (CBM) Realization (Rs. per CBM) Margin* (%) 120.6 152.8 47081 57310 25,622 26,662 18.6% XX% 21.4% XX% 32.7 22.4 45,826 131.1 28618 43,253 25997 112.4 21380 18857 11,484 3,828 21.7 8.2 Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23
Slide 11: Quarterly & Nine Months Financial Highlights
Quarterly & Nine Months Financial Highlights Particulars (Rs. Crore) Q3 FY23 Q3 FY22 Y-o-Y (%) 9M FY23 9M FY22 Y-o-Y (%) Revenue 210.3 166.8 26.1% 624.5 429.1 45.5% Cost of Services & Raw Materials 105.4 88.1 313.8 249.3 (Increase) / Decrease In Stocks 2.3 -2.2 -19.1 -31.5 Purchase of Finished Goods
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 540+ direct Installed capacity for distributors & 4,080+ 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 9M FY23 – 83% • Wardrobes • Wall Paneling Location Gujarat • Commercial furniture Brands Manufacturing Applications • Residential & Commercial Units 2 furnitu
Slide 15: Through 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) 28,69,155 691 27,78,474 601 26,82,847 586 FY20 FY21 FY22 FY20 FY21 FY22 EBITDA (Rs. Crore)/ Margins (%) Export Realization (Rs. per sheet) 10.7% 788 9.9% 6.5% 698 657 18.8 16.3 12.3 FY20 FY21 FY22 FY20 FY21 FY22
Slide 24: Annual Highlights – MDF
Annual Highlights – MDF Sales Volumes (CBM) Realization (Rs. per CBM) 1,76,545 24,416 19,733 83,592 77,520 10,041 FY20 FY21 FY22 FY20 FY21 FY22 EBITDA (Rs. Crore)/ Margins (%) Export Volumes (CBM) Export Realization (Rs. per CBM) 14.8% 14,114 22,239 22,103 13.6% 11.6% 64.4 21,977 22.7 18.1 367 232 F
Slide 25: Annual Financial Highlights
Annual Financial Highlights Particulars (Rs. Crore) FY22 FY21 Y-o-Y (%) Revenue 624.2 335.4 86.1% Cost of Services & Raw Materials 359.7 174.2 (Increase) / Decrease In Stocks -45.3 5.7 Purchase of Finished Goods 2.6 1.7 Employee Cost 40.7 26.8 Other Expenses 193.0 92.0 EBITDA 73.9 35.0 111.4% EBITDA
Slide 26: Balance Sheet as on 30th September 2022
Balance Sheet as on 30th September 2022 As on 30th As on 31st Mar As on 30th As on 31st Mar Rs. Crore Rs. Crore Sept’ 2022 2022 Sept’ 2022 2022 Equity 339.6 286.8 610.1 Non-current Assets 653.5 Equity Share Capital 19.9 19.9 Property, Plant and Equipment 628.8 593.5 Other Equity 319.7 266.9 Capital
Slide 27: Key Financial Ratios
Key Financial Ratios Return on Equity Return on Capital Employed Debt to equity 7.2% 1.7 10.1% 7.9% 5.1% 4.6% 5.2% 1.5 1.4 FY20 FY21 FY22 FY20 FY21 FY22 FY20 FY21 FY22 ROE – PAT/Shareholders Fund; ROCE – EBIT/(Shareholders Fund+Total Debt – Investments); Debt to Equity – Total Debt/ Equity
Slide 28: Way Ahead
Way Ahead Laminates MDF
Slide 29: Working towards accretive value creation
Working towards accretive value creation Increase capacity utilization • Achieve optimum capacity utilization in existing plants and attain higher efficiencies • Work towards increasing utilization of laminates capacity from current levels Further expand market presence • Enhance distribution reach
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