Under Rs 50: This Plywood Boards and Laminates Stock Becomes More Affordable; Is It on Your Watchlist?
The company’s shares have delivered an impressive return of over 50 per cent to its shareholders.
Incorporated in 1993, Rushil Decor Ltd specializes in manufacturing and selling laminate sheets, medium-density fiberboard (MDF), pre-laminated MDF boards, and polyvinyl chloride (PVC) boards.
On Friday, Rushil Decor's shares traded ex-split and closed the day with an impressive rally of over 13 per cent with significant volume. Previously trading around Rs 370 per share on the BSE, the stock has now become more affordable for investors who have been monitoring or considering it for their buying list. Before the stock split, the company's equity shares had a face value of Rs 10 each, which have been subdivided into 10 shares with a face value of Rs 1 each.
On Friday, the shares of Rushil Decor Ltd closed at around Rs 43.85 per share. The company’s current market capitalization stands at Rs 1186 crore. Additionally, the shares have delivered a return of over 50 per cent in the past 1 year.
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As per the Quarterly Results, in Q1 FY25, Rushil Decor Ltd recorded a revenue of Rs 224 crore representing a growth of 15.91 per cent YoY from Rs 193 crore. The operating profit for Q1 FY25 stood at Rs 26 crore. The net profit for Q1 FY25 stood at Rs 12 crore compared to a profit of Rs 12 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 844 crore in FY24. The operating profit for FY24 was Rs 120 crore with a net profit of Rs 43 crore compared to a net profit of Rs 78 crore in FY23.
Investors must keep this Small-Cap company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.