90 per cent from its 52-week low: This small-cap company reported an 11 per cent jump in net profit; stock trades at high ROE!

The stock is up by 90 per cent from its 52-week low of Rs 202.37 per share and gave multibagger returns of 150 per cent in 3 years & a whopping 900 per cent in a decade.

Rushil Decor (BSE: 533470, NSE: RUSHIL) a leading company in Laminate and MDF panel boards, announced its Quarterly Results (Q3FY24) and nine-month results (9MFY24) for the fiscal year 2023. Here are the details

Quarterly results: The total income increased by 1.3 per cent to Rs 213.47 crore, PBT increased by 13.4 per cent to Rs 15.21 crore and PAT increased by 11 per cent to Rs 11.36 crore in Q3FY24 compared to Q3FY23.

Nine-month results: The company reported a total income of Rs 610.54 crore, PBT of Rs 45.4 crore and PAT of Rs 34.11 crore in 9MFY24 compared to Rs 624.48 crore, Rs 85.37 crore and Rs 64.11 crore respectively in 9MFY23.  

Earlier, Rushil Decor, celebrated for its commitment to quality and design, has ascended to the coveted 3-Star Export House status, a testament to its exceptional export performance exceeding Rs 116 crore in the first half of FY24. This prestigious recognition unlocks a treasure trove of benefits, including streamlined customs, self-declared trade, and priority processing, propelling them towards their ambitious Rs 500 crore export target within four years. This remarkable leap from 2-Star status solidifies their dedication to international trade and paves the way for continued growth and success.

Today, shares of Rushil Décor Ltd plunged surged 1.48 per cent to Rs 372.20 per share with an intraday high of Rs 388.95 and an intraday low of Rs 372.20. The stock’s 52-week high is Rs 406.70 and its 52-week low is Rs 202.37. The company falls under the BSE Small-Cap Index and has a market cap of Rs 987 crore. In the September quarter, FIIs have increased their stake from 0.92 per cent to 0.95 per cent.

Rushil Décor Ltd., led by Chairman Mr Krupeshbhai G. Thakkar, seeks to become a major player in the Rs 9,000 crore laminates market, tripling their sales to Rs 2,500 crore by FY26 through expanding production capacity, targeting a 12-15 per cent profit margin, and raised Rs 125 crore for greenfield projects, MDF plant development, and corporate needs. Additionally, their AI-powered TV ad campaign for VIR MDF highlights its advantages as a durable and stylish alternative to plywood, aiming to capture a significant market share.

Rushil Decor Ltd is primarily engaged in the manufacturing and sale of laminate sheets, medium-density fibre boards, prelaminated medium-density fibre board boards, polyvinyl chloride (PVC) boards and particle boards.

The shares of the company have an ROE of 25.27 per cent. The stock is up by 90 per cent from its 52-week low of Rs 202.37 per share and gave multibagger returns of 150 per cent in 3 years & a whopping 900 per cent in a decade. Investors should keep an eye on this small-cap stock.