10:1 Stock Split: Plywood Penny Stock Under Rs 40 Jumps 13.8 Per Cent With Heavy Volume On December 11
The shares of the company saw a spurt in volume by more than 6.70 times on BSE.
On Wednesday, the shares of Rushil Decor Ltd gained 13.80 per cent to Rs 37.85 per share from its previous closing of Rs 33.26 per share. The stock’s 52-week high is Rs 45.50 and its 52-week low is Rs 28.58. The shares of the company saw a spurt in volume by more than 6.70 times on BSE.
Rushil Decor Limited, a global leader in modern interior infrastructure and eco-friendly composite wood panels, has been setting industry benchmarks since its inception in 1993. With a strong focus on innovation and advanced technology, the company operates six state-of-the-art manufacturing plants, boasting an annual capacity of 3,30,000 CBM MDF and 3.49 million laminates. Its diverse product range, including VIR Laminates, MDF boards, HDFWR boards, pre-laminated decorative boards, Modala Ply, PVC, and WPC boards/doors, caters to customers in over 53 countries. Rushil Decor's commitment to quality, design excellence, and customer-centricity, coupled with efficient supply chain management and strategic local plantations, enables it to create smarter spaces and meet global market demands sustainably.
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Recently, Rushil Decor Limited has taken a significant step towards expanding its global footprint by incorporating a wholly-owned subsidiary, Rushil Decor Pte. Ltd., in Singapore. This strategic move is aimed at solidifying the company's presence in the Southeast Asian market and capitalizing on the growing demand for high-quality, sustainable wood panel products. The subsidiary will focus on the import, export and distribution of a diverse range of products, including laminated sheets, MDF boards, and HDF boards. By leveraging Singapore's strategic location and robust infrastructure, Rushil Decor aims to optimize its supply chain, enhance customer service, and strengthen its brand presence across the region. This expansion not only opens up new markets but also reinforces the company's commitment to providing innovative and sustainable solutions to its clients in Southeast Asia.
According to Quarterly Results, the net sales increased by 12.6 per cent to Rs 230.40 crore, EBITDA increased by 2.4 per cent to Rs 29.6 crore and net profit increased by 7.90 per cent to Rs 11.4 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 14.6 per cent to Rs 455.50 crore and net profit increased by 4.6 per cent to Rs 23.8 crore in H1FY25 compared to H1FY24.
The net sales increased by 0.7 per cent to Rs 843.97 crore in FY24 compared to FY23. The company reported an operating profit of Rs 122.79 crore and a net profit of Rs 43.11 crore in FY24 compared to an operating profit of Rs 150.77 crore and a net profit of Rs 77.67 crore in FY23. Furthermore, shares of the company underwent a 1:10 stock split on August 9, 2024, resulting in each Rs 10 face value share being divided into 10 shares of Re 1 face value shares.
Disclaimer: The article is for informational purposes only and not investment advice.