Slide 1: Rushil Decor Limited filing cover letter
••• ••• ••• RUSHIL DECOR LIMITED WE'L L MAKE IT RDL/046/2023-24 Date: 09.08.2023 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 BSE SCRIP
Slide 2: Investor Presentation Q1 FY24
Investor Presentation Q1 FY24
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: Management Comment
Management Comment “Reflecting upon the challenges we have encountered, it is essential to recognize the positive strides we have made despite the hurdles. While our year-on-year figures have experienced a dip, let us not overlook the encouraging upward trajectory we have maintained on a sequential
Slide 5: Table of content
Table of content 1. Company Overview 2. Q1 FY24 Financial Highlights 3. Historical Financial Highlights 4. Way Ahead
Slide 6: Company overview
Company overview Laminates MDF
Slide 7: 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 8: Digital Parivartan with SAP S/4 Hana
Digital Parivartan with SAP S/4 Hana Successful Migration 01 • Historical reliance on Tally for over 30 years • Successful migration to SAP, representing a significant transformation Go-Live across the Organization • Comprehensive implementation of SAP across entire SAP 02 organization including 5 s
Slide 9: Offering Specialized Products
Offering Specialized Products Units 3 • Home furniture • Cabinet Doors Decorative Capacity 3.49 million p.a. • Desktops Laminates Utilization Q1 FY24 – 79% • Wardrobes • Wall Paneling Location Gujarat • Commercial furniture Brands Manufacturing Applications • Residential & Commercial Units 2 furnitu
Slide 10: 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 11: 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 12: 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 13: 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 14: Q1 FY24 Financial Highlights
Q1 FY24 Financial Highlights Laminates MDF
Slide 15: Q1 FY24 Financial Highlights
Q1 FY24 Financial Highlights EBITDA (Rs. Crore) / Revenues (Rs. Crore) Gross Profit (Rs. Crore) PAT (Rs. Crore) / Margin % Margin (%) 93.2 94.3 13.2% 15.0% 6.3% 6.3% 213.9 13.6 28.2 28.9 192.8 12.2 Q4 FY23 Q1 FY24 Q4 FY23 Q1 FY24 Q4 FY23 Q1 FY24 Q4 FY23 Q1 FY24 • During the quarter, volumes of value
Slide 16: Quarterly Highlights – Laminates
Quarterly Highlights – Laminates EBITDA (Rs. Crore) / Revenues (Rs. Crore) Sales Volumes (Sheets) Realization (Rs. per sheet) Margin % 51.3 41.5 739,998 608,264 693 683 5.9% 8.7% 792 3.6 738 3.0 3,32,031 604 19.0 572 2,52,525 15.2 4,07,967 3,55,739 32.3 26.3 Q4 FY23 Q1 FY24 Q4 FY23 Q1 FY24 Q4 FY23 Q
Slide 17: Quarterly Highlights – MDF
Quarterly Highlights – MDF EBITDA (Rs. Crore) / Revenues (Rs. Crore) Sales Volumes (CBM) Realization (Rs. per CBM) Margin (%) 159.1 146.7 66,179 59,089 24,034 24,833 15.9% XX% 17.0% XX% 25.3 25.0 44,033 60,534 117.8 148.4 26756 24508 19208 18954 15,056 5,645 10.7 28.9 Q4 FY23 Q1 FY24 Q4 FY23 Q1 FY24
Slide 18: Quarterly Financial Highlights
Quarterly Financial Highlights Particulars (Rs. Crore) Q1 FY24 Q4 FY23 Q-o-Q (%) Q1 FY23 Y-o-Y (%) Revenue 192.8 213.9 (9.9%) 210.8 (8.5%) Cost of Services & Raw Materials 104.8 119.3 105.4 (Increase) / Decrease In Stocks -6.2 1.5 -10.4 Purchase of Finished Goods 0.0 0.0 0.0 Employee Cost 12.8 12.6
Slide 19: Debt Profile
Debt Profile Unlocking Financial Strength: Significantly Reduced Debt-to-Equity Ratio 450 1.71 1.8 400 1.6 1.39 1.44 350 1.4 300 1.10 1.2 250 1 200 391.35 413.52 400.26 0.8 367.04 0.65 150 311.59 0.6 100 0.4 50 0.2 0 0 31-03-2020 31-03-2021 31-03-2022 31-03-2023 30-06-2023 Net Debt D/E Ratio
Slide 20: Historical Financial Highlights
Historical Financial Highlights Laminates MDF
Slide 21: 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 22: 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 23: Key Financial Ratios
Key Financial Ratios Return on Equity Return on Capital Employed Interest Coverage Ratio 16.2% 530% 21.4% 10.1% 7.2% 238% 251% 7.9% 5.1% 4.6% 164% 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); I
Slide 24: Way Ahead
SASHA DF Way Ahead Mi Laminates
Slide 25: 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 26: 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 27: 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