
About Rushil Decor Limited
Data last updated:
Rushil Decor Limited is a public limited company based in Mansa, Gujarat, India. It operates in the wood products and mdf segment of the manufacturing sector. It was incorporated on 24 May 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L25209GJ1993PLC019532. Its GSTIN is 24AABCR3005N1ZK (Gujarat). The company holds 14 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 533470 and NSE: RUSHIL.
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹29.34 Cr. It was formerly known as Rushil Decor Pvt Ltd. It is led by directors including Rushil Krupesh Thakkar (Managing Director) and Ramanikbhai Tejabhai Kansagara (Whole-Time Director).
Its last annual general meeting (AGM) was held on 28 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at S No 149 Near Kalyanpura Patia, Village Itla Gandhinagar Mansa Road, Gujarat, India – 382845.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹862.24 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹6.67 Cr (net margin 0.8%) and EBITDA of ₹69.72 Cr (EBITDA margin 8.1%). The net worth stands at ₹650.87 Cr (up 2.9% YoY). Total assets are valued at ₹927.52 Cr (up 0.4% YoY).
The company has about 853 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Vir Laminates and Rushil Decor. As per MCA filings, the company has open charges of ₹710.24 Cr and satisfied charges of ₹127.99 Cr on record. Court records list 225 cases involving the company, including 181 filed by the company and 44 filed against it; 27 cases are pending. The company has 223 deals on record (205 market trades, 8 funding rounds, 6 secondary share transfers), with disclosed funding of ₹44.03 Cr; the latest was in September 2025. Its 7 peer companies in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), with the same principal business activity (wood and wood products, furniture, paper and paper products) are compared by revenue, 4 larger and 3 smaller; the largest is Greenply Industries Ltd with revenue of ₹2,504.08 Cr. The company has 8 MSME Form 1 returns on record between 2018 and 2024, listing 914 overdue payments to 40 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rushil.com.
Company details
CIN history
Rushil Decor has one previous CIN (Corporate Identification Number): U25209GJ1993PLC019532. The current CIN is L25209GJ1993PLC019532, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L25209GJ1993PLC019532 | Current |
| U25209GJ1993PLC019532 | Previous |
Contact details
Rushil Decor Limited's registered office is in Mansa, Gujarat. Its website is rushil.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressS No 149 Near Kalyanpura Patia, Village Itla Gandhinagar Mansa Road, Gujarat, India – 382845
- IndustryManufacturing, Wood Products & MDF
To see the full contact details of Rushil Decor Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Rushil Decor operates two associated brands: Vir Laminates and Rushil Decor. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Laminates are manufactured in various textures, colors, and sizes. | virlaminate.com | |
| Laminated sheets and wood-engineered products are manufactured and sold. | rushil.com |
Business activity
The main business activity of Rushil Decor is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Rushil Decor Limited, buy the company report.
Financials of Rushil Decor Limited
FY 2025-26 filings availableRushil Decor Limited reported revenue of ₹862.24 Cr (down 4% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Income statement | ||
| Revenue | 862 | 898 |
| Revenue growth | -4.0% | - |
| EBITDA | 69.72 | 106 |
| EBITDA margin | +8.1% | +11.8% |
| Profit before tax | 9.75 | 62.53 |
| Net profit | 6.67 | 45.59 |
| Net profit margin | +0.8% | +5.1% |
| EPS (₹) | 0.23 | 1.68 |
| Balance sheet | ||
| Total assets | 928 | 924 |
| Net worth | 651 | 633 |
| Total debt | 260 | 272 |
| Cash & bank | 5.54 | 5.27 |
| Net working capital | 231 | 247 |
| Cash flow | ||
| Cash from operations | 88.74 | 108 |
| Cash from investing | (62.47) | (97.09) |
| Cash from financing | (26.42) | (10.85) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 229 | 231 | 217 | 236 | 179 | 231 | 212 | 230 |
| Revenue growth (YoY) | +27.8% | +0.1% | +2.3% | +2.3% | -20.4% | - | - | - |
| Other income | 0.94 | 3.68 | 0.80 | 0.63 | 0.44 | 6.78 | 3.24 | 1.08 |
| EBITDA | 18.20 | 26.30 | 23.11 | 22.49 | (2.16) | 23.05 | 27.32 | 29.64 |
| EBITDA margin | +7.9% | +11.4% | +10.7% | +9.5% | -1.2% | +10.0% | +12.9% | +12.9% |
| Depreciation | 8.86 | 8.71 | 8.68 | 8.56 | 8.37 | 7.54 | 7.56 | 7.55 |
| Interest | 7.77 | 7.65 | 8.09 | 7.04 | 8.44 | 7.22 | 7.54 | 7.76 |
| Profit before tax | 2.51 | 13.62 | 7.14 | 7.52 | (18.53) | 15.07 | 15.46 | 15.41 |
| Tax | 0.52 | 3.49 | 1.95 | 2.40 | (4.46) | 2.47 | 3.96 | 4.02 |
| Net profit | 1.99 | 10.13 | 5.19 | 5.12 | (14.07) | 12.60 | 11.50 | 11.39 |
| EPS (₹) | 0.07 | 0.34 | 0.19 | 0.19 | (0.49) | 0.42 | 0.38 | 0.38 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 856 | 891 | 844 | 838 | 624 | 335 | 336 |
| Revenue growth | -4.0% | +5.6% | +0.7% | +34.3% | +86.1% | -0.1% | - |
| EBITDA | 70.82 | 105 | 120 | 149 | 73.94 | 34.97 | 36.91 |
| EBITDA margin | +8.3% | +11.8% | +14.2% | +17.8% | +11.9% | +10.4% | +11.0% |
| Profit before tax | 11.56 | 62.97 | 61.27 | 101 | 30.67 | 18.66 | 19.72 |
| Net profit | 8.14 | 45.82 | 43.11 | 77.65 | 22.80 | 12.60 | 23.02 |
| Net profit margin | +1.0% | +5.1% | +5.1% | +9.3% | +3.7% | +3.8% | +6.9% |
| EPS (₹) | 0.28 | 1.68 | 16.24 | 39.02 | 11.45 | 6.95 | 15.44 |
| Balance sheet | |||||||
| Total assets | 929 | 916 | 854 | 786 | 716 | 663 | 652 |
| Net worth | 652 | 633 | 543 | 363 | 287 | 264 | 228 |
| Total debt | 260 | 267 | 296 | 406 | 420 | 379 | 405 |
| Cash & bank | 5.45 | 5.11 | 11.36 | 5.41 | 6.10 | 11.63 | 5.82 |
| Net working capital | 231 | 244 | 241 | 175 | 142 | 75.18 | 83.23 |
| Cash flow | |||||||
| Cash from operations | 88.69 | 108 | 41.01 | 115 | (6.60) | 77.09 | 47.13 |
| Cash from investing | (62.44) | (96.53) | (35.32) | (76.09) | (15.00) | (38.58) | (198) |
| Cash from financing | (26.31) | (11.92) | (5.61) | (38.80) | 20.56 | (37.60) | 151 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 229 | 230 | 215 | 233 | 177 | 229 | 210 | 229 |
| Revenue growth (YoY) | +29.1% | +0.7% | +2.3% | +2.0% | -20.7% | - | - | - |
| Other income | 0.95 | 3.70 | 0.82 | 0.64 | 0.44 | 6.78 | 3.24 | 1.08 |
| Total expenses | 211 | 204 | 192 | 210 | 179 | 206 | 183 | 199 |
| EBITDA | 18.22 | 26.38 | 23.40 | 23.06 | (2.00) | 23.11 | 27.16 | 29.47 |
| EBITDA margin | +8.0% | +11.5% | +10.9% | +9.9% | -1.1% | +10.1% | +12.9% | +12.9% |
| Depreciation | 8.86 | 8.71 | 8.60 | 8.44 | 8.27 | 7.44 | 7.49 | 7.45 |
| Interest | 7.76 | 7.65 | 7.99 | 6.90 | 8.30 | 7.09 | 7.41 | 7.50 |
| Profit before tax | 2.55 | 13.72 | 7.63 | 8.36 | (18.13) | 15.36 | 15.50 | 15.60 |
| Tax | 0.52 | 3.49 | 1.95 | 2.39 | (4.46) | 2.49 | 3.98 | 4.01 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 229 | 231 | 217 | 236 | 179 | 231 | 212 | 230 |
| Revenue growth (YoY) | +27.8% | +0.1% | +2.3% | +2.3% | -20.4% | - | - | - |
| Other income | 0.94 | 3.68 | 0.80 | 0.63 | 0.44 | 6.78 | 3.24 | 1.08 |
| EBITDA | 18.20 | 26.30 | 23.11 | 22.49 | (2.16) | 23.05 | 27.32 | 29.64 |
| EBITDA margin | +7.9% | +11.4% | +10.7% | +9.5% | -1.2% | +10.0% | +12.9% | +12.9% |
| Depreciation | 8.86 | 8.71 | 8.68 | 8.56 | 8.37 | 7.54 | 7.56 | 7.55 |
| Interest | 7.77 | 7.65 | 8.09 | 7.04 | 8.44 | 7.22 | 7.54 | 7.76 |
| Profit before tax | 2.51 | 13.62 | 7.14 | 7.52 | (18.53) | 15.07 | 15.46 | 15.41 |
| Tax | 0.52 | 3.49 | 1.95 | 2.40 | (4.46) | 2.47 | 3.96 | 4.02 |
| Net profit | 1.99 | 10.13 | 5.19 | 5.12 | (14.07) | 12.60 | 11.50 | 11.39 |
| EPS (₹) | 0.07 | 0.34 | 0.19 | 0.19 | (0.49) | 0.42 | 0.38 | 0.38 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Revenue | 862 | 898 |
| Revenue growth | -4.0% | - |
| Other income | 5.55 | 14.48 |
| Total expenses | 793 | 792 |
| Employee cost | 76.92 | 67.88 |
| EBITDA | 69.72 | 106 |
| EBITDA margin | +8.1% | +11.8% |
| Depreciation | 34.31 | 30.01 |
| Interest | 31.21 | 27.65 |
| Profit before tax | 9.75 | 62.53 |
| Tax | 3.38 | 14.66 |
| Net profit | 6.67 | 45.59 |
| Net profit margin | +0.8% | +5.1% |
| EPS (₹) | 0.23 | 1.68 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Equity & liabilities | ||
| Share capital | 29.34 | 28.68 |
| Reserves & surplus | 622 | 589 |
| Shareholders' funds (net worth) | 651 | 633 |
| Minority interest | 0.00 | 3.79 |
| Secured loans | 260 | 267 |
| Unsecured loans | 0.00 | 4.54 |
| Total debt | 260 | 272 |
| Total liabilities | 928 | 924 |
| Assets | ||
| Gross block | 941 | 889 |
| Net block | 730 | 709 |
| Capital work in progress | 10.70 | 7.48 |
| Investments | 3.49 | 0.01 |
| Inventories | 262 | 241 |
| Sundry debtors | 195 | 187 |
| Cash & bank balances | 5.54 | 5.27 |
| Loans & advances | 67.12 | 67.31 |
| Total current assets | 530 | 501 |
| Total current liabilities | 299 | 253 |
| Net working capital | 231 | 247 |
| Total assets | 928 | 924 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Opening cash | 0.60 | 0.40 |
| Net cash from operating activities | 88.74 | 108 |
| Net cash from investing activities | (62.47) | (97.09) |
| Net cash from financing activities | (26.42) | (10.85) |
| Net change in cash | (0.14) | 0.20 |
| Closing cash | 5.54 | 5.27 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Growth | ||
| Sales growth | -4.0% | - |
| EBITDA growth | -34.1% | - |
| PBT growth | -84.4% | +9997.0% |
| Net income growth | -85.4% | - |
| Profitability & leverage | ||
| Net income margin | +0.7% | +5.3% |
| Return on capital employed | +4.5% | +10.0% |
| Return on net worth | +1.0% | +7.8% |
| Debt / equity | 0.42 | 0.44 |
| Long-term debt / equity | 0.19 | 0.23 |
| Interest cover | 88.14 | 36.53 |
| Efficiency & per share | ||
| Fixed asset turnover | 0.96 | 1.03 |
| Inventory turnover | 3.43 | 3.72 |
| Debtors turnover | 4.51 | 4.80 |
| EPS (₹) | 0.23 | 1.68 |
| Dividend per share (₹) | 0.05 | 0.10 |
| Book value per share (₹) | 21.65 | 21.00 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 229 | 230 | 215 | 233 | 177 | 229 | 210 | 229 |
| Revenue growth (YoY) | +29.1% | +0.7% | +2.3% | +2.0% | -20.7% | - | - | - |
| Other income | 0.95 | 3.70 | 0.82 | 0.64 | 0.44 | 6.78 | 3.24 | 1.08 |
| Total expenses | 211 | 204 | 192 | 210 | 179 | 206 | 183 | 199 |
| EBITDA | 18.22 | 26.38 | 23.40 | 23.06 | (2.00) | 23.11 | 27.16 | 29.47 |
| EBITDA margin | +8.0% | +11.5% | +10.9% | +9.9% | -1.1% | +10.1% | +12.9% | +12.9% |
| Depreciation | 8.86 | 8.71 | 8.60 | 8.44 | 8.27 | 7.44 | 7.49 | 7.45 |
| Interest | 7.76 | 7.65 | 7.99 | 6.90 | 8.30 | 7.09 | 7.41 | 7.50 |
| Profit before tax | 2.55 | 13.72 | 7.63 | 8.36 | (18.13) | 15.36 | 15.50 | 15.60 |
| Tax | 0.52 | 3.49 | 1.95 | 2.39 | (4.46) | 2.49 | 3.98 | 4.01 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 856 | 891 | 844 | 838 | 624 | 335 | 336 |
| Revenue growth | -4.0% | +5.6% | +0.7% | +34.3% | +86.1% | -0.1% | - |
| Other income | 5.60 | 14.48 | 2.87 | 1.38 | 1.41 | 5.84 | 3.54 |
| Total expenses | 785 | 786 | 724 | 689 | 550 | 300 | 299 |
| Employee cost | 75.53 | 67.15 | 58.22 | 47.14 | 40.74 | 26.82 | 29.32 |
| EBITDA | 70.82 | 105 | 120 | 149 | 73.94 | 34.97 | 36.91 |
| EBITDA margin | +8.3% | +11.8% | +14.2% | +17.8% | +11.9% | +10.4% | +11.0% |
| Depreciation | 34.02 | 29.72 | 29.27 | 25.98 | 24.37 | 9.73 | 8.69 |
| Interest | 30.84 | 27.12 | 32.25 | 23.54 | 20.31 | 12.42 | 12.04 |
| Profit before tax | 11.56 | 62.97 | 61.27 | 101 | 30.67 | 18.66 | 19.72 |
| Tax | 3.38 | 14.66 | 18.16 | 23.57 | 7.87 | 4.95 | (3.34) |
| Net profit | 8.14 | 45.82 | 43.11 | 77.65 | 22.80 | 12.60 | 23.02 |
| Net profit margin | +1.0% | +5.1% | +5.1% | +9.3% | +3.7% | +3.8% | +6.9% |
| EPS (₹) | 0.28 | 1.68 | 16.24 | 39.02 | 11.45 | 6.95 | 15.44 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 29.34 | 28.68 | 26.54 | 19.91 | 19.91 | 19.73 | 14.93 |
| Reserves & surplus | 623 | 589 | 485 | 343 | 267 | 244 | 213 |
| Shareholders' funds (net worth) | 652 | 633 | 543 | 363 | 287 | 264 | 228 |
| Secured loans | 260 | 265 | 294 | 348 | 381 | 348 | 337 |
| Unsecured loans | 0.20 | 1.68 | 1.64 | 57.89 | 38.65 | 31.09 | 68.52 |
| Total debt | 260 | 267 | 296 | 406 | 420 | 379 | 405 |
| Total liabilities | 929 | 916 | 854 | 786 | 716 | 663 | 652 |
| Assets | |||||||
| Gross block | 941 | 881 | 780 | 763 | 690 | 659 | 260 |
| Net block | 730 | 702 | 630 | 641 | 594 | 587 | 197 |
| Capital work in progress | 10.70 | 6.30 | 6.46 | 0.09 | 0.47 | 1.04 | 338 |
| Investments | 4.04 | 4.17 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Inventories | 262 | 240 | 225 | 187 | 155 | 84.27 | 85.58 |
| Sundry debtors | 195 | 185 | 164 | 119 | 82.56 | 57.54 | 61.16 |
| Cash & bank balances | 5.45 | 5.11 | 11.36 | 5.41 | 6.10 | 11.63 | 5.82 |
| Loans & advances | 67.12 | 66.85 | 30.68 | 26.83 | 32.57 | 39.07 | 40.56 |
| Total current assets | 530 | 496 | 431 | 338 | 277 | 193 | 193 |
| Total current liabilities | 299 | 252 | 190 | 162 | 134 | 117 | 110 |
| Net working capital | 231 | 244 | 241 | 175 | 142 | 75.18 | 83.23 |
| Total assets | 929 | 916 | 854 | 786 | 716 | 663 | 652 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.43 | 0.40 | 0.32 | 0.52 | 1.56 | 0.66 | 0.66 |
| Net cash from operating activities | 88.69 | 108 | 41.01 | 115 | (6.60) | 77.09 | 47.13 |
| Net cash from investing activities | (62.44) | (96.53) | (35.32) | (76.09) | (15.00) | (38.58) | (198) |
| Net cash from financing activities | (26.31) | (11.92) | (5.61) | (38.80) | 20.56 | (37.60) | 151 |
| Net change in cash | (0.06) | 0.04 | 0.08 | (0.01) | (1.04) | 0.90 | 0.00 |
| Closing cash | 5.45 | 5.11 | 11.36 | 5.41 | 6.10 | 11.63 | 5.82 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -4.0% | +5.6% | +0.7% | +34.3% | +86.1% | -0.1% | - |
| EBITDA growth | -32.8% | -12.2% | -19.7% | +102.1% | +111.4% | -5.3% | - |
| PBT growth | -81.6% | +2.8% | -39.5% | +230.2% | +64.4% | -5.4% | -14.0% |
| Net income growth | -82.2% | +6.3% | -44.5% | +240.6% | +81.0% | -45.3% | - |
| Revenue CAGR (3Y) | +0.7% | +12.6% | +36.0% | +35.7% | +22.0% | -0.8% | +3.1% |
| EBITDA CAGR (3Y) | -22.0% | +12.5% | +50.8% | +59.4% | +26.4% | -14.8% | -8.5% |
| Profitability & leverage | |||||||
| Net income margin | +1.0% | +5.4% | +5.1% | +9.3% | +3.7% | +4.1% | +6.9% |
| Return on capital employed | +4.7% | +10.4% | +11.7% | +17.0% | +7.6% | +4.9% | +5.9% |
| Return on net worth | +1.3% | +8.5% | +9.9% | +25.3% | +8.8% | +6.0% | +11.6% |
| Debt / equity | 0.42 | 0.49 | 0.81 | 1.34 | 1.55 | 1.72 | 1.64 |
| Long-term debt / equity | 0.19 | 0.26 | 0.49 | 0.90 | 1.13 | 1.39 | 1.31 |
| Interest cover | 83.80 | 35.87 | 35.58 | 19.07 | 40.97 | 49.21 | 42.66 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.96 | 1.09 | 1.12 | 1.18 | 0.95 | 0.76 | 1.40 |
| Inventory turnover | 3.41 | 3.84 | 4.10 | 4.90 | 5.21 | 3.95 | 3.87 |
| Debtors turnover | 4.50 | 5.11 | 5.97 | 8.33 | 8.91 | 5.65 | 5.77 |
| EPS (₹) | 0.28 | 1.68 | 16.24 | 39.02 | 11.45 | 6.95 | 15.44 |
| Dividend per share (₹) | 0.05 | 0.10 | 1.00 | 0.50 | 0.50 | 0.50 | 0.50 |
| Book value per share (₹) | 21.69 | 21.00 | 185.89 | 173.66 | 135.15 | 124.90 | 140.56 |
To see the full year-wise statements and ratios of Rushil Decor Limited, buy the company report.
Board of directors of Rushil Decor Limited
Rushil Decor has 6 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramanikbhai Tejabhai Kansagara | Whole-Time Director | 02 Feb 2019 | 7 Years 8 Months | Current |
| Shreyaben Milankumar Shah | Director | 08 Nov 2022 | 3 Years 11 Months | Current |
| Krupesh Ghanshyambhai Thakkar | Whole-Time Director | 01 Sep 2007 | 19 Years 1 Months | Current |
| Rushil Krupesh Thakkar | Managing Director | 13 Aug 2021 | 5 Years 2 Months | Current |
| Kantilal Ambalal Puj | Director | 13 Aug 2021 | 5 Years 2 Months | Current |
| Hiren Shirishchandra Mahadevia Also directs: S A L Steel Limited | Director | 09 Aug 2024 | 2 Years 2 Months | Current |
Peer comparison
Rushil Decor Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Greenply Industries Ltd | ₹2,504.08 Cr (FY 2025) | 14.0% | Kolkata, West Bengal, India | |||
| Merino Industries Limited | ₹2,354.98 Cr (FY 2025) | 2.0% | Kolkata, West Bengal, India | |||
| Balaji Action Buildwell Private Limited | ₹1,969.07 Cr (FY 2025) | 11.0% | Delhi, India | |||
| Stylam Industries Limited | ₹1,032.59 Cr (FY 2025) | 12.0% | Chandigarh Ut, Chandigarh, India | |||
| Rushil Decor Limitedthis company | ₹862.24 Cr (FY 2026) | ₹6.67 Cr | 0.8% | -4.0% | 853 | Mansa, Gujarat, India |
| Metro Decorative Private Limited | ₹586.83 Cr (FY 2025) | 69.0% | Himachal Pradesh, India | |||
| Archidply Industries Limited | ₹557.46 Cr (FY 2025) | 27.0% | Rudrapur, Uttarakhand, India | |||
| Merino Panel Products Ltd | ₹524.23 Cr (FY 2020) | -3.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Rushil Decor Limited, buy the company report.
Auditor
Rushil Decor Limited is audited by Pankaj R Shah & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pankaj R Shah & Associates | FY 2024 | 107361W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 55.10%, foreign institutional investors hold 1.10%, domestic institutional investors hold 0.10% and retail and other public shareholders hold 43.70%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 55.10% | 55.10% | 55.10% | 55.10% |
| Public | 44.90% | 44.90% | 44.90% | 44.90% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jun 2026 | 101321502 | Others | ₹15.4 Cr | Open | |
| 03 Jun 2026 | 101311285 | Others | ₹27.5 Lakh | Open | |
| 17 Jan 2026 | 101220949 | Others | ₹1.24 Cr | Open | |
| 28 Nov 2025 | 101199786 | Others | ₹1.8 Cr | Open | |
| 25 Sep 2025 | 101162754 | Others | ₹1.33 Cr | Open |
To see the full charge records of Rushil Decor Limited, buy the company report.
Total charge records: 60 View all charges
Deals & funding
Rushil Decor Limited has 223 deals on record (205 market trades, 8 funding rounds, 6 secondary share transfers), with disclosed funding of ₹44.03 Cr; the latest was in September 2025.
Deals on record (5 of 223)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2025 | Market trade | ₹8.32 Cr | Buyer: NV Alpha Fund Management LLP Seller: an individual |
| Aug 2024 | Market trade | ₹12.79 Cr | Buyer: Graviton Research Capital LLP , Citadel Securities India Markets Private Limited Seller: Graviton Research Capital LLP , Citadel Securities India Markets Private Limited |
| Dec 2023 | Market trade | ₹8 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Nov 2023 | Market trade | ₹11.79 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Nov 2023 | Market trade | ₹10.89 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
To see the full deal history of Rushil Decor Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Rushil Decor Limited has 225 court cases on record: 181 filed by Rushil Decor, 44 filed against it. 27 cases are pending and 198 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 197 | 37 | 17 |
| High courts | 25 | 4 | 9 |
| Supreme Court | 3 | 3 | 1 |
Cases on record (5 of 225)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2406-Indirect Taxation : Goods and Services Tax, Integrated Goods and Services Tax, State Goods and Services Tax, UT Goods and Services Tax.) | Filed against the company by Union of India and 161 others | Disposed |
| Supreme Court | Court case (4201-SEBI Act and Securities Laws including Forward Contract Regulation Act, 1952 and Securities Contracts (Regulation) Act, 1956 : SEBI Act and Securities Laws including Forward Contract Regulation Act, 1952 and Securities Contracts (Regulation) Act, 1956) | Filed against the company by Vespera Fund Limited | Disposed |
| District court, GANDHINAGAR, Gujarat | Criminal complaint | Filed by the company against Magna Decor Pvt.Ltd, and 4 others | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Century Plyboards (India) Limited | Pending |
| High Court, GUJARAT | Special civil application | Filed against the company by Salasar Agropanel Pvt. Ltd., Unit 2 (Navalgadh) | Pending |
To see the full case history of Rushil Decor Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Rushil Decor Limited has 8 MSME Form 1 returns on record between 2018 and 2024, listing 914 overdue payments to 40 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 40)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| B B S R & Associates | |||
| Kenoor Industries | |||
| Tirupathi Hydrocarbon Private Limited | |||
| an individual supplier | |||
| Matchwell |
To see the full MSME payment records of Rushil Decor Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Rushil Decor has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Rushil Modala Ply Limited | U16210KA2024PLC186443 |
To see the full group structure of Rushil Decor Limited, buy the company report.
Employees & EPFO
Rushil Decor Limited has a workforce of 853 employees on its EPFO records as of Nov 30, 2024, across 1 active EPFO establishment.
GST
Rushil Decor has 14 GST registrations: 14 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCR3005N1ZK | Gujarat | Active | 01 Jul 2017 |
| 24AABCR3005N2ZJ | Gujarat | Active | 28 Jul 2017 |
| 03AABCR3005N1ZO | Punjab | Active | 01 Jul 2017 |
| 04AABCR3005N1ZM | Chandigarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rushil Decor Limited, buy the company report.
Recent activity
Rushil Decor Limited has 18 board changes on record since 2007: 6 appointments and 12 cessations. The latest: Hiren Shirishchandra Mahadevia was appointed as Director on 09 Aug 2024.
107 earlier events are in the company report.
News
Frequently asked questions
Rushil Decor is an active public limited company based in Mansa, Gujarat, India. The company works in wood products and mdf, within the manufacturing industry. It was incorporated on 24 May 1993 (33+ years old) and is registered under CIN L25209GJ1993PLC019532. Listed on BSE: 533470 and NSE: RUSHIL.
Rushil Decor reported revenue of ₹862.24 Cr for FY 2025-26 (down 4% YoY) based on consolidated financials.
Rushil Decor has 6 current directors:
- Rushil Krupesh Thakkar - Managing Director
- Ramanikbhai Tejabhai Kansagara - Whole-Time Director
- Krupesh Ghanshyambhai Thakkar - Whole-Time Director
- Shreyaben Milankumar Shah - Director
- Kantilal Ambalal Puj - Director
- Hiren Shirishchandra Mahadevia - Director
The latest financial statements of Rushil Decor on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 28 September 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Rushil Decor is 24AABCR3005N1ZK, registered in Gujarat. The company has 14 GST registrations in all, of which 14 are active. Other active GSTINs include 24AABCR3005N2ZJ (Gujarat), 03AABCR3005N1ZO (Punjab), 04AABCR3005N1ZM (Chandigarh).
The CIN (Corporate Identification Number) of Rushil Decor is L25209GJ1993PLC019532. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Rushil Decor is a listed company as per MCA records. Its shares are listed on both BSE (code: 533470) and NSE (symbol: RUSHIL).
Rushil Decor has 225 court cases on record: 181 filed by the company and 44 filed against it. 27 are pending. Most are in the district courts.
Rushil Decor was incorporated on 24 May 1993, making it 33+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Rushil Decor has 223 deals on record (205 market trades, 8 funding rounds, 6 secondary share transfers), with disclosed funding of ₹44.03 Cr; the latest was in September 2025.
The peers of Rushil Decor by revenue are Greenply Industries Ltd, Merino Industries Limited, Balaji Action Buildwell Private Limited, Stylam Industries Limited, Metro Decorative Private Limited and 2 more, all in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Hiren Shirishchandra Mahadevia was appointed as Director on 09 Aug 2024. Shreyaben Milankumar Shah was appointed as Director on 08 Nov 2022. Ghanshyambhai Ambalal Thakkar ceased to be Whole-Time Director on 13 Aug 2021. Rushil Decor has 18 board changes on record in total.

