10:1 stock split: Plywood penny stock under Rs 35 to keep under radar as Q2FY25 Revenue from Operations growth of 12.6 per cent YoY & EBITDA growth of 2.4 per cent YoY
The stock’s 52-week high is Rs 45.50 and its 52-week low is Rs 28.58.
On Monday, the shares of Rushil Decor Ltd gained 0.06 per cent to Rs 31.30 per share from its previous closing of Rs 31.28 per share. The stock’s 52-week high is Rs 45.50 and its 52-week low is Rs 28.58.
Rushil Decor Limited reported a healthy financial performance in Q2FY25, with a net debt-to-shareholder equity ratio of 0.44x. The company achieved a Consolidated Basic EPS of Rs 0.42 and a Diluted EPS of Rs 0.38. The company expanded its distribution network by adding 105 new dealers and 65 new distributors. In the MDF segment, Rushil Decor reported an EBITDA of Rs. 226 million with a margin of 13.2%, driven by optimized capacity utilization of 88 per cent and strong demand for value-added products contributing 54 per cent of revenue. The company achieved price realizations of Rs. 21,308 and Rs. 24,723 per CBM in exports and India, respectively. In the Laminates segment, Rushil Decor reported an EBITDA of Rs 6.5 crore with a margin of 12.9 per cent and a capacity utilization of 90 per cent. Price realizations for laminates stood at Rs 701 and Rs 626 per sheet in exports and India, respectively.
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.
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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.
Founded in 1993, Rushil Decor Limited is a global leader in modern interior infrastructure and eco-friendly composite wood panels. With six state-of-the-art manufacturing plants and an annual capacity of 3,30,000 CBM MDF and 3.49 million laminates, the company caters to customers in over 53 countries. Rushil Decor's diverse product range includes VIR Laminates, MDF boards, HDFWR boards, pre-laminated decorative boards, Modala Ply, PVC, and WPC boards/doors. The company's commitment to innovation, quality, and sustainability, coupled with advanced German technologies and efficient supply chain management, enables it to create smarter spaces and meet global market demands effectively. The company has a market cap of Rs 790 crore.
Disclaimer: The article is for informational purposes only and not investment advice.