10:1 Stock Split: This plywood company expands into the North American Market to strengthen global presence; Milestone to achieve the ambitious vision of Rs 2,500 crore by FY29

In June 2024, FIIs increased their stake to 2.15 per cent compared to 1.17 per cent in March 2024.

Today, the shares of Rushil Decor Ltd surged 2.65 per cent to an intraday high of Rs 358.95 per share from its previous closing of Rs 349.70 per share. The stock’s 52-week high is Rs 406.7 and its 52-week low is Rs 261.45. The shares of the company saw a spurt in volume by more than 1.70 times on BSE.

Rushil Decor Ltd. (BSE: 533470, NSE: RUSHIL), a leading manufacturer of eco-friendly MDF, Laminates, PVC and WPC is expanding its presence into the North American market, marking a significant milestone in its global growth strategy. Rushil Decor already reaching over 50 countries, aims to capitalize on one of the world's largest markets for Laminates and MDF.

This strategic move coincides with the company’s participation at the “International Woodworking Fair” (IWF) in Atlanta from August 06, 2024 to August 9, 2024. IWF Atlanta is renowned as North America’s premier trade show and conference for woodworking technology and design, attracting industry leaders and professionals from around the globe.

Additionally, the Board announced a stock split of shares in the ratio 1:10 i.e., existing 1 equity share having a face value of Rs 10 each, into 10 equity shares having a face value of Re 1 each, fully paid-up. The Board fixed the record date for the stock split as Friday, August 09, 2024.

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.

Quarterly Results: The net sales increased by 9.1 per cent to Rs 233.43 crore and operating profit increased by 9.1 per cent to Rs 31.14 crore in Q4FY24 compared to Q4FY23. The company reported a net profit of Rs 9 crore in Q4FY24 compared to a net profit of Rs 13.56 crore in Q4FY23.

Annual results: 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.

In June 2024, FIIs increased their stake to 2.15 per cent compared to 1.17 per cent in March 2024. The company falls under the BSE Small-cap Index and has a market cap of Rs 943 crore. The stock gave multibagger returns of 925 per cent in a decade.

Disclaimer: The article is for informational purposes only and not investment advice. 

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