Rushil Decor Limited — company insights, financials and ratios

Key Metrics of Rushil Decor Limited

Revenue₹856 Cr▼ 3.9% YoYFY 2025-26

EBITDA₹76.4 Cr▼ 36.2% YoY

Net profit₹8.19 Cr▼ 83.0% YoY

Net worth₹652 Cr▲ 3.0% YoY

Competitors10identified

About Rushil Decor Limited

Sectors

Cement, Building Materials & PolymersWood, Plywood & Furniture

Company details

Website: rushil.com
Registered office: S No 149 Near Kalyanpura Patia, Village Itla Gandhinagar Mansa Road, Mansa (gandhi Nagar), Mansa, Gandhi Nagar, In-gj, 382845
Listed: NSE: RUSHIL · ₹15.75

Operational Areas of Rushil Decor Limited

Cement, Building Materials & Polymers›Wood, Plywood & Furniture

Company summary

Entity details

CINL25209GJ1993PLC019532

LEI code335800Y9LYG8VT4QYL31

State codeGJ

PIN code382845

Current legal nameRUSHIL DECOR LIMITED

Classification—

Listing statusListed (NSE: RUSHIL)

Registration no.019532

Company age—

PAN—

CountryIndia

CityGandhi Nagar

StateGujarat

Current statusActive

Date of incorporation—

Registrar of companies—

Authorised capital—

Paid-up capital—

Employee count—

Compliance

Last AGM date—

Last balance sheet—

Next filing dueMGT-7 for FY 2025-26 · 29 Nov 2026

Industry classification

NIC code25209

Description of main activityManufacture of rubber and plastics products

Description of business activityManufacture of rubber and plastics products

SectorOther Industries · Discovered Companies

Share price · NSE: RUSHIL

RUSHIL on NSE

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Financials, ratios and risk analysis

Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.

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Filing compliance

AGM for FY 2025-2630 Sep 2026 Statutory due date passed

AOC-4 for FY 2025-2630 Oct 2026 Statutory due date passed

MGT-7 for FY 2025-2629 Nov 2026 Statutory due date · 28 days left

Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.

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Credit ratings

CARE · 15 Nov 2018 — Other

Change in last 12 monthsNo change

Change since first rating on record▲ 2 notchessince Jul 2014

Rating actions80 up · 0 down

Rating history

Rating actions

Date	Agency	Action	Long term	Short term	Outlook	Rated amount	Rationale
15 Nov 2018	CARE	Other	—	—	—	—	View
27 Jul 2018	CARE	Reaffirmed	—	A2	Stable	₹266 Cr	View
16 Jun 2017	CARE	Reaffirmed	BBB+	A2	Positive	₹291 Cr	View
23 Dec 2016	CARE	Reaffirmed	BBB+	A3+	Stable	₹120 Cr	View
04 Jul 2016	CARE	Reaffirmed (from BBB)	BBB+	A3+	—	₹127 Cr	View
06 Jan 2016	CARE	Reaffirmed	BBB	A3+	—	₹129 Cr	View
27 Jul 2015	CARE	Revised (from BBB-)	BBB	A3+	—	₹135 Cr	View
07 Jul 2014	CARE	Reaffirmed	BBB-	—	—	₹143 Cr	View

Credit strengths (CARE, Jul 2018)

+ Improvement in its leverage and debt coverage indicators: Despite undertaking debt-funded WPVC project at

Chikmagalur, the overall gearing of RDL improved from 0.85x as on March 31, 2017 to 0.67x as on March 31, 2018 on account of fresh equity infusion, healthy accrual to reserves and scheduled repayment of long-term debt. Debt coverage indicators also improved and remained comfortable as marked by a healthy interest coverage of 6.80x during FY18 (FY17: 4.92x) and Total debt to GCA of 2.90 years (FY17: 3.24 years). However, going forward, the leverage and debt coverage indicators is expected to dete

Credit challenges

—

Borrowings & rated debt

Rated borrowing limits (latest)₹266 Cr

Peak rated limits₹291 CrJun 2017 · CARE

Limits raised5 times1 new facility rated

Rated limits over time

Facility mix

Rated facilities

Facility	Type	Previous	Current	Change	Rating	Action	Agency
Facilities Ratings Action CARE Long-term Bank BBB+	Working capital & bank lines	—	₹233 Cr	—	—	Revised	CARE
) Short-term Bank Facilities	Working capital & bank lines	—	₹33.0 Cr	—	A2	Reaffirmed	CARE

CARE ratings on record (checked 23 Oct 2026)

Instrument	Amount	Rating
Cash Credit	—	Withdrawn
Letter of credit	—	Withdrawn
Long Term	—	Withdrawn

Credit assessment · Manufacturing

Rating Methodology – Manufacturing Companies (Mar 2025) · Standalone accounts · FY 2025-26

Indicative long-term—

Indicative short-term—

Score—

LiquidityStretched

DirectionNegative

CARE rating · Nov 2018—

Ratios, pillar scores and the indicative rating are part of Premium.

Rating status

Default	No default on record
Issuer cooperation	Cooperating
Credit enhancement	None – standalone rating
Next action stable or better (model)	41%
Information on file	67% · missing: Capex / investment plans, Auditor details, Recent rating review (last 15 months)

Indicative assessment from public data using the published methodology factors; not a credit rating.

Borrowing & funding lifecycle

⬇ PDF report ⬇ Excel

Can it borrow more?Further bank funding difficult Next rating action stable or better: 34% (Downgrade likely) · ML model on 6893 rating histories, AUC 0.653

Rated limits—

Not yet allocated—

Extra debt within 2.5× EBITDA—

Interest coverage—

Limit utilisation—

Open bank charges0 · —

Credit outlook model: 34% chance the next rating action is stable or better

Rated limits by facility

Timeline

15 Nov 2018 CARE other: — CARE rationale

27 Jul 2018 CARE reaffirmed: A2 (Stable)Rated limits ₹265.61 cr CARE rationale

16 Jun 2017 CARE reaffirmed: BBB+ (Positive)Rated limits ₹290.74 cr CARE rationale

23 Dec 2016 CARE reaffirmed: BBB+ (Stable)Rated limits ₹120.43 cr CARE rationale

04 Jul 2016 CARE reaffirmed: BBB+Rated limits ₹127.48 cr CARE rationale

06 Jan 2016 CARE reaffirmed: BBBRated limits ₹128.5 cr CARE rationale

27 Jul 2015 CARE revised: BBBRated limits ₹134.73 cr CARE rationale

07 Jul 2014 CARE reaffirmed: BBB-Rated limits ₹143.47 cr CARE rationale

Lender names, bank charges and audited borrowings are part of Premium.

Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.

Competitors of Rushil Decor Limited