Slide 1: Rushil Decor Limited cover letter to stock exchanges
••• ••• ••• RUSHIL DECOR LIMITED WE'LL MAKE IT RDL/099/2024-25 Date: 26.10.2024 To, To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers, Sandra - Kurla Complex, Dalal Street, Sandra (E), Mumbai - 400 051 Mumbai - 400 001 NSE EQUITY SYMBOL: RUSHIL SCRIPT CO
Slide 2: Rushil Decor Limited Q2 and H1 FY2025 Earnings Presentation
Rushil Decor Limited A beautiful concept Q2 and H1 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+ 4,550+ 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 “In Q2 FY2025, Rushil Decor reported Revenues of Rs. 2,304 million representing a year-on-year growth of 12.6% and a growth in PAT of 7.9%. Improved realizations in our MDF boards export markets significantly contributed to our overall financial performance. The MDF divis
Slide 7: Performance Highlights: Q2 FY2025 Consolidated
Performance Highlights: Q2 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. 2,304 Mn 12.6% • Volume of 18,487 CBM 27.6% • Volume of 4,25,942 Sheet (4.4)% • EBITDA Rs. 296 Mn 2.4% • Price
Slide 8: Performance Highlights: H1 FY2025 Consolidated
Performance Highlights: H1 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. 4,555 Mn 14.6% • Volume of 37,469 CBM 26.8% • Volume of 9,09,001 Sheet 13.5% • EBITDA Rs. 553 Mn (4.3)% • Price
Slide 9: Q2 and H1 FY25 Financial Highlights: Consolidated
Q2 and H1 FY25 Financial Highlights: Consolidated Revenue (Rs. Million) EBITDA (Rs. Million) / Margin (%) 4,555 14.1% 11.4% 12.9% 14.6% 12.1% 3,974 578 553 2,251 2,304 2,046 296 289 257 Q2FY24 Q1FY25 Q2FY25 H1FY24 H1FY25 Q2FY24 Q1FY25 Q2FY25 H1FY24 H1FY25 PBT (Rs. Million) / Margin (%) PAT (Rs. Mill
Slide 10: Q2 and H1 FY25 Financial Contribution: By Business Division
Q2 and H1 FY25 Financial Contribution: By Business Division Q2 FY25 H1 FY25 Revenue Contribution EBITDA Contribution Revenue Contribution EBITDA Contribution Margin Margin Margin 3% 4% 2% Margin 13.2% 11.0% 12.8% 12.9% 7% 19% 22% 21% 21% 2,304 296 4,555 553 Rs. Mn Rs. Mn Rs. Mn Rs. Mn 75% 72% 75% 79
Slide 11: Q2 and H1 FY25 Division Overview: MDF Boards
Q2 and H1 FY25 Division Overview: MDF Boards Revenue (Rs. Million) EBITDA (Rs. Million) / Margin (%) 17.1% 12.4% 13.2% 17.1% 12.8% 3,409 505 2,964 436 1,692 1,717 255 1,497 210 226 Q2FY24 Q1FY25 Q2FY25 H1FY24 H1FY25 Q2FY24 Q1FY25 Q2FY25 H1FY24 H1FY25 Revenue Contribution Sales Volume (CBM) 146,092 3
Slide 12: Q2 and H1 FY25 Division Overview: MDF Boards
Q2 and H1 FY25 Division Overview: MDF Boards Average Capacity Utilisation (%) Blended Realisation (Rs. Per CBM) 89 91 89 24,801 88 23,535 23,846 22,837 23,335 73 Q4FY24 Q1FY25 Q2FY25 H1FY24 H1FY25 Q4FY24 Q1FY25 Q2FY25 H1FY24 H1FY25 Indian Market Realisation (Rs. Per CBM) Exports Market Realisation (
Slide 13: Q2 and H1 FY25 Division Overview: Laminates
Q2 and H1 FY25 Division Overview: Laminates Revenue (Rs. Million) EBITDA (Rs. Million) / Margin (%) 10.1% 9.1% 12.9% 9.4% 11.0% 107 974 906 86 65 491 471 503 50 43 Q2FY24 Q1FY25 Q2FY25 H1FY24 H1FY25 Q2FY24 Q1FY25 Q2FY25 H1FY24 H1FY25 Revenue Contribution Sales Volume (Sheet) 974 906 1,516,352 1,382,
Slide 14: Q2 and H1 FY25 Division Overview: Laminates
Q2 and H1 FY25 Division Overview: Laminates Average Capacity Utilisation (%) Blended Realisation (Rs. Per Sheet) 90 88 90 89 81 634 669 655 642 616 Q4FY24 Q1FY25 Q2FY25 H1FY24 H1FY25 Q4FY24 Q1FY25 Q2FY25 H1FY24 H1FY25 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% 41% 42% Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 55% 54% 52% 51% Value % 50% Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 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: Q2 and H1 FY25
Profit & Loss Statement: Q2 and H1 FY25 Rs. Million Q2 FY254 Q2 FY24 Y-o-Y (%) Q1 FY25 Q-o-Q (%) H1 FY254 H1 FY24 Y-o-Y (%) Revenue 2,304.3 2,046.1 12.6% 2,250.9 2.4% 4,555.3 3,974.3 14.6% Cost of Materials Consumed 1,245.1 1,097.2 1,267.9 2,513.0 2,144.8 Changes in Inventories (55.5) (31.0) (43.4)
Slide 17: Balance Sheet: As on 30th September 2024
Balance Sheet: As on 30th September 2024 As on 30th Sept As of 30th Sept As on 30th Sept As of 30th Sept Rs. Million 20244 2023 Rs. Million 20244 2023 Equity 5,945.7 4,920.0 Non-Current Assets 7,113.6 6,576.5 Equity Share Capital 274.9 265.4 Property, Plant and Equipment 6,322.3 6,265.0 Other Equity
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 2,563 2,575 0.65 0.61 0.53 0.53 0.45 0.44 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 Net Debt (Rs. Mn) D/E Ratio Rushil Decor Limited | Earnings Presentation 17
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 H1FY25 H1FY25 Vizag Capacity Utilisation Capa
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 greenfield project has been started in Gandhinagar, Gujarat, adjacent to the existing facil
Slide 22: Plywood: Joint Venture
Plywood: Joint Venture Plywood Manufacturing Platform Total Investment Planned Capacity One Manufacturing Plant at Rushil Decor Ltd By Rushil Decor 300 Chikmagalur, (Laminates and MDF) Rs. 20-21 Cr. Boards per day Karnataka 51% Shareholding in Subsidiary • Entered 51% JV for Plywood expansion with M
Slide 23: Expanding Sales Footprints: 54 Countries
Expanding Sales Footprints: 54 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 24: 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 25: 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 26: 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