Slide 1: Cover letter to stock exchanges on investor presentation
••• ••• ••• RDL/120/2024-25 RUSHIL DECOR LIMITED Date: 28.01.2025 WE LL MA KE IT 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 C
Slide 2: Rushil Decor Limited Q3 and 9M FY2025 Earnings Presentation
Rushil Decor Limited A beautiful concept Q3 and 9M 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 700+ 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 “Rushil Decor delivered consolidated revenues of Rs. 6,672 million in 9M FY2025, reflecting a year-on-year growth of 9.3%, and PAT of Rs. 353 million, representing a 3.4% increase. Our MDF division contributed Rs. 4,949 million in revenue, an 8.9% year-on-year growth. The
Slide 7: Performance Highlights: Q3 FY2025 Consolidated
Performance Highlights: Q3 FY2025 Consolidated Financial Highlights Y-o-Y MDF Boards Y-o-Y Laminates Y-o-Y • Rushil Decor: • Export market dynamics: • Export market dynamics: • Revenue Rs. 2,117 Mn (0.7)% • Volume of 21,372 CBM 38.2% • Volume of 5,13,239 Sheet 13.8% • EBITDA Rs. 273 Mn (10.9)% • Pri
Slide 8: Performance Highlights: 9M FY2025 Consolidated
Performance Highlights: 9M FY2025 Consolidated Financial Highlights Y-o-Y MDF Boards Y-o-Y Laminates Y-o-Y • Rushil Decor: • Export market dynamics: • Export market dynamics: • Revenue Rs. 6,672 Mn 9.3% • Volume of 58,841 CBM 30.7% • Volume of 14,22,240 Sheet 13.6% • EBITDA Rs. 827 Mn (8.8)% • Price
Slide 9: Q3 and 9M FY25 Financial Highlights: Consolidated
Q3 and 9M FY25 Financial Highlights: Consolidated Revenue (Rs. Million) EBITDA (Rs. Million) / Margin (%) 14.4% 12.9% 12.9% 14.9% 12.4% 6,672 6,105 907 827 2,131 2,304 2,117 307 296 273 Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 PBT (Rs. Million) / Margin (%) PAT (Rs. Mill
Slide 10: Q3 and 9M FY25 Financial Contribution: By Business Division
Q3 and 9M FY25 Financial Contribution: By Business Division Q3 FY25 9M FY25 Revenue Contribution EBITDA Contribution Revenue Contribution EBITDA Contribution Margin Margin Margin 4% 4% 1% Margin 15.2% 9.9% 13.5% 7.7% 1% 14% 18% 23% 22% 2,117 273 6,672 827 Rs. Mn Rs. Mn Rs. Mn Rs. Mn 73% 74% 86% 81%
Slide 11: Q3 and 9M FY25 Division Overview: MDF Boards
Q3 and 9M FY25 Division Overview: MDF Boards Revenue (Rs. Million) EBITDA (Rs. Million) / Margin (%) 16.1% 13.2% 15.2% 16.7% 13.5% 759 4,949 670 4,543 1,580 1,717 1,540 254 226 234 Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 Revenue Contribution Sales Volume (CBM) 4,949 2,1
Slide 12: Q3 and 9M FY25 Division Overview: MDF Boards
Q3 and 9M FY25 Division Overview: MDF Boards Average Capacity Utilisation (%) Blended Realisation (Rs. Per CBM) 91 88 87 89 24,505 23,846 23,768 23,468 22,837 72 Q1FY25 Q2FY25 Q3FY25 9MFY24 9MFY25 Q1FY25 Q2FY25 Q3FY25 9MFY24 9MFY25 Indian Market Realisation (Rs. Per CBM) Exports Market Realisation (
Slide 13: Q3 and 9M FY25 Division Overview: Laminates
Q3 and 9M FY25 Division Overview: Laminates Revenue (Rs. Million) EBITDA (Rs. Million) / Margin (%) 10.5% 12.9% 7.7% 9.8% 9.9% 1,400 1,460 145 138 65 494 503 486 52 38 Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 Revenue Contribution Sales Volume (Sheet) 1,460 22,84,761 1,40
Slide 14: Q3 and 9M FY25 Division Overview: Laminates
Q3 and 9M FY25 Division Overview: Laminates Average Capacity Utilisation (%) Blended Realisation (Rs. Per Sheet) 88 90 87 83 80 669 661 639 616 632 Q1FY25 Q2FY25 Q3FY25 9MFY24 9MFY25 Q1FY25 Q2FY25 Q3FY25 9MFY24 9MFY25 Indian Market Realisation (Rs. Per Sheet) Exports Market Realisation (Rs. Per Shee
Slide 15: MDF Boards Value Added: Quantity and Value Targets
MDF Boards Value Added: Quantity and Value Targets 45% Quantity % 43% 44% 44% 42% Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 55% 54% 54% 52% 51% Value % Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Value added products target 55% of revenue and 50% of volumes of MDF Boards in FY2025 Rushil Decor Limited | Earnings Pr
Slide 16: Profit & Loss Statement: Q3 and 9M FY25
Profit & Loss Statement: Q3 and 9M FY25 Rs. Million Q3 FY254 Q3 FY24 Y-o-Y (%) Q2 FY25 Q-o-Q (%) 9M FY254 9M FY24 Y-o-Y (%) Revenue 2,117.2 2,131.2 (0.7)% 2,304.3 (8.1)% 6,672.1 6,105.4 9.3% Cost of Materials Consumed 1,179.5 973.3 1,245.1 3,696.5 3,118.1 Changes in Inventories (79.1) 131.0 (55.5) (
Slide 17: 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 2,563 2,575 0.65 0.61 0.53 0.53 0.45 0.44 0.44 31-03-2023 30-06-2023 30-09-2023 31-12-2023 31-03-2024 30-06-2024 30-09-2024 31-12-2024 Net Debt (Rs. Mn) D/E Ratio Rushil Decor Limited | Earnings Presentation 16
Slide 18: 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 19: 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 9MFY25 9MFY25 Vizag Capacity Utilisation Capa
Slide 20: 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 greenfield project has been started in Gandhinagar, Gujarat, adjacent to the existing facil
Slide 21: 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 tar
Slide 22: 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 23: 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 24: 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