RUSHIL

Rushil Decor financials

Market cap
₹491 Cr
Sector
Consumer Durables
Calls analysed
6
Latest concall · Q1 FY27 · call held 10 Aug 2026

Rushil Decor Limited Q1 FY27

Revenue from Operations 2,290 million +28%EBITDA 182 million EBITDA Margin 7.9% PAT 20 million

What went well

  • Consolidated revenue from operations increased to ₹229 crores, up 27.8% year-over-year.
  • Laminate business revenue grew 65.3% year-over-year to ₹73.6 crores, driven by improved domestic demand and export traction.
  • Jumbo laminate business revenue was ₹11 crores, representing a 25% substantial increase, with an EBITDA margin of 20.6%.

What to watch

  • Consolidated EBITDA margin was 7.9% (₹18.2 crores), impacted by elevated chemical and other raw material costs and higher freight costs.
  • MDF EBITDA margin was 8.4% (₹12.3 crores), affected by planned annual maintenance shutdown in April and subdued export performance due to container shortage.
Read the full call →

Guidance record · Q1 FY27

what the last two calls moved 20 tracked 1 delivered 6 missed 13 open
  • Consolidated Revenue FY27 went quiet said Q1 FY26 Promised: INR 1150 to 1200 crores Q1 FY27: No consolidated revenue guidance provided for FY27. Management continues to focus on operational targets instead.
  • Consolidated EBITDA Margin FY27 at risk said Q1 FY26 Promised: 13% to 14% Q1 FY27: Achieved 7.9%. Management states it may take 1-2 more quarters to reach the 10-12% level, indicating a delay and putting the full-year target at risk.
  • Consolidated EBITDA Margin FY26 delivered, diluted said Q4 FY25 Promised: 12% to 14% Q4 FY26: Achieved 9.3%, beating the heavily revised target of 8-9%.

All 20 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 27.8%, net profit up 114.1% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue230 212 231 179 236 +2%217 +2%231 +0%229 +28%
EBITDA30 27 23 -2 23 −24%23 −15%26 +14%18 +943%
Net profit11 11 13 -14 5 −55%5 −55%10 −20%2 +114%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −39.9% 1Y

₹15.0₹20.0₹25.0₹30.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 10 Nov 2025Q3 FY26 — 29 Jan 2026Q4 FY26 — 3 Jun 2026Q1 FY27 — 10 Aug 2026

1Y: ₹26.46 on 10 Sept 2025 → ₹15.91. High ₹33.17 (17 Sept 2025), low ₹12.83 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−4.7%
10 Aug
Q4 FY26
−0.3%
3 Jun
Q3 FY26
−3.8%
29 Jan
Q2 FY26
−2.8%
10 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 0.9% a year over 3 years, FY23 to FY26. Operating margin narrowed to 8.1%.

Year endingFY23FY24FY25FY26
Revenue₹839 Cr₹844 Cr₹898 Cr₹862 Cr
Operating profit₹150 Cr₹118 Cr₹106 Cr₹70 Cr
Operating margin17.8%14.0%11.8%8.1%
Interest₹24 Cr₹32 Cr₹28 Cr₹31 Cr
Depreciation₹26 Cr₹28 Cr₹30 Cr₹34 Cr
Net profit₹78 Cr₹43 Cr₹48 Cr₹6 Cr
Net margin9.3%5.1%5.3%0.7%
Cash from operations₹115 Cr₹41 Cr₹108 Cr₹89 Cr
Free cash flow₹42 Cr₹17 Cr₹2 Cr₹22 Cr
ROCE———5.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹20 Cr₹20 Cr₹20 Cr₹27 Cr₹29 Cr₹29 Cr
Reserves₹244 Cr₹267 Cr₹343 Cr₹516 Cr₹607 Cr₹622 Cr
Borrowings₹379 Cr₹420 Cr₹406 Cr₹296 Cr₹277 Cr₹260 Cr
Other liabilities₹166 Cr₹180 Cr₹229 Cr₹261 Cr₹353 Cr₹381 Cr
Total liabilities₹808 Cr₹887 Cr₹998 Cr₹1.1k Cr₹1.3k Cr₹1.3k Cr
Fixed assets₹587 Cr₹594 Cr₹641 Cr₹630 Cr₹699 Cr₹730 Cr
Capital work in progress₹1 Cr₹0 Cr₹0 Cr₹6 Cr₹25 Cr₹11 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹5 Cr₹3 Cr
Other assets₹220 Cr₹292 Cr₹356 Cr₹463 Cr₹537 Cr₹547 Cr
Total assets₹808 Cr₹887 Cr₹998 Cr₹1.1k Cr₹1.3k Cr₹1.3k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

The ownership split has held steady since Jun 2025. The shareholder count shrank 11% to 50,182.

Promoters
55.1%
FIIs
1.1%
DIIs
0.1%
Public
43.7%

Since Jun 2025

  • FIIs −0.05 pp
  • Public +0.05 pp
  • Promoters 0.00 pp

How it drifted, 12 quarters

Over this window promoters fell from 56.4% to 55.1% — −1.3 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 56.4%, FIIs 0.9%, Public 42.6%.Dec '23: Promoters 56.4%, FIIs 1.2%, DIIs 0.0%, Public 42.4%.Mar '24: Promoters 56.4%, FIIs 1.2%, Public 42.4%.Jun '24: Promoters 55.3%, FIIs 2.1%, Public 42.5%.Sep '24: Promoters 54.8%, FIIs 1.9%, Public 43.2%.Dec '24: Promoters 54.6%, FIIs 2.0%, DIIs 0.1%, Public 43.4%.Mar '25: Promoters 56.4%, FIIs 1.4%, DIIs 0.1%, Public 42.2%.Jun '25: Promoters 55.1%, FIIs 1.2%, DIIs 0.1%, Public 43.6%.Sep '25: Promoters 55.1%, FIIs 1.2%, DIIs 0.1%, Public 43.6%.Dec '25: Promoters 55.1%, FIIs 1.2%, DIIs 0.1%, Public 43.6%.Mar '26: Promoters 55.1%, FIIs 1.3%, DIIs 0.1%, Public 43.5%.Jun '26: Promoters 55.1%, FIIs 1.1%, DIIs 0.1%, Public 43.7%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Rushil Decor Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Krupesh Ghanshyambhai Thakkar 13.99%unchanged
Rushil International, Partnership Firm (Krupesh G. Thakkar And Deenuben G. Thakkar Are Partners) 13.11%unchanged
Deenuben Ghanshyambhai Thakkar 11.53%unchanged
Krupesh Ghanshyambhai Thakkar-Huf (Karta-Krupesh Thakkar) 9.15%unchanged
Rushil K Thakkar 5.12%unchanged
Krupa Krupesh Thakkar 1.86%unchanged
Tirthankar Shares And Services Pvt 1.72%unchanged
Nisarg Ajaykumar Vakharia 1.40%+0.33 pp
Masumi Krupeshbhai Thakkar 0.34%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Rushil Decor Limited

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