Rushil Decor Limited - manufacturing in Mansa, Gujarat, India. FY 2026 financials & compliance.
CIN L25209GJ1993PLC019532 Incorporated 24 May 1993 ROC Ahmedabad HQ Mansa, Gujarat, India
Active Listed - NSE: USHIL · BSE: 533470 Public Limited Company manufacturing
Data last updated
Market Cap
₹467 Cr
RUSHIL · NSE
Share Price
₹15.84
-0.38% today
Revenue
₹862 Cr
FY 2025-26 · +0.0% YoY
EBITDA
₹69.72 Cr
Margin 8.1%
Net Profit
₹6.67 Cr
FY 2025-26 · -85.4% YoY
P/E (TTM)
20.8x
P/B 0.8x
ROE
1.0%
ROCE 4.5%
Debt / Equity
0.42
Interest cover 88.1x

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. Its shares are listed on BSE: 533470 and NSE: USHIL.

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 Krupesh Ghanshyambhai Thakkar (Whole-Time Director).

Its last annual general meeting (AGM) was held on 20 September 2025, and its latest financial statements are for the year ended 31 March 2025. 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 3.98% compared to the previous year. The net worth stands at ₹650.87 Cr (up 2.89% YoY). Total assets are valued at ₹927.52 Cr (up 0.38% 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.

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 of Rushil Decor Limited
CIN L25209GJ1993PLC019532
Registration Number 019532
Incorporation Date 24 May 1993
ROC Ahmedabad
Listing Status Listed (BSE: 533470, NSE: USHIL)
Company Status Active
Date of Last AGM 20 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
  • Social Media
  • Registered Address
    S No 149 Near Kalyanpura Patia, Village Itla Gandhinagar Mansa Road, Gujarat, India – 382845
  • Industry
    Manufacturing, Wood Products & MDF
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Financials, compliance, directors, charges, ownership and filings for Rushil Decor Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

CIN History of Rushil Decor Limited

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.

CINStatus
L25209GJ1993PLC019532Current
U25209GJ1993PLC019532Previous

Associated Brands with Rushil Decor Limited

Rushil Decor operates two associated brands: Vir Laminates and Rushil Decor. Each brand links to its own profile.

BrandDescriptionWebsite
Laminates are manufactured in various textures, colors, and sizes.virlaminate.com
Laminated sheets and wood-engineered products are manufactured and sold.rushil.com

Competitors & Alternatives of Rushil Decor Limited

Brands and companies operating in the same space as Rushil Decor Limited include Wilsonart, Stylam, Interprint and 5 more.

CompetitorDescriptionLocationFounded
Wilsonart Wilsonart Manufacturer of laminates and wall panelsTemple, United States1956
Stylam Stylam Manufacturer of laminates for residential, commercial, and industrial purposesChandigarh, India1991
Interprint Interprint Interior decoration companyArnsberg, Germany1969
Greenlam Industries Greenlam Industries Diversified interior building products including laminates and plywood are manufactured.Delhi, India2013
James Latham James Latham Distributor of timber and panel products.Hemel Hempstead, United Kingdom-
Surteco Surteco Surface technologies, films, and edgebanding solutions are provided by Surteco.Buttenwiesen, Germany1999
Action TESA Action TESA Manufactures high-quality laminates for interior design applications.New Delhi, India2009
Formica Formica Home improvement products including laminates and fittings are manufactured.Cincinnati, United States1913

Business Activity of Rushil Decor Limited

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 CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC3Wood and wood products, furniture, paper and paper productsLocked
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Turnover share and past changes in activity are in the company report.

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Auditor Details of Rushil Decor Limited

Rushil Decor Limited is audited by Pankaj R Shah & Associates for the financial year 2024.

NameStatusAppointment DateCessation Date
Pankaj R Shah & AssociatesLockedLockedLocked
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Appointment and cessation dates and past auditor changes are in the company report.

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Board of Directors and KMP of Rushil Decor Limited

Rushil Decor Limited currently reports 6 directors and 1 key managerial person. 13 former directors have served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Krupesh Ghanshyambhai ThakkarWhole-Time Director01 Sep 200719 Years 1 MonthsCurrent
Shreyaben Milankumar ShahDirector08 Nov 20223 Years 10 MonthsCurrent
Kantilal Ambalal PujDirector13 Aug 20215 Years 1 MonthsCurrent
Keyur Mohanbhai GajjarCeo07 Aug 201412 Years 1 MonthsCurrent
Rushil Krupesh ThakkarManaging Director13 Aug 20215 Years 1 MonthsCurrent
Hiren Shirishchandra MahadeviaDirector09 Aug 20242 Years 1 MonthsCurrent
Showing 6 of 7 current directors and KMP. View all directors and KMP

Financials of Rushil Decor Limited FY 2025-26 filings available

Rushil Decor Limited reported revenue of ₹862.24 Cr (down 3.98% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹862 Cr
-4.0% YoY
EBITDA
₹69.72 Cr
-34.0% YoY
Profit After Tax
₹6.67 Cr
-85.4% YoY
Net Worth
₹651 Cr
+2.9% YoY
Total Assets
₹928 Cr
+0.4% YoY
Total Debt
₹260 Cr
-4.3% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25
Income statement
Revenue862898
Revenue growth+0.0%+9997.0%
EBITDA69.72106
EBITDA margin+8.1%+11.8%
Profit before tax9.7562.53
Net profit6.6745.59
Net profit margin+0.8%+5.1%
EPS (₹)0.231.68
Balance sheet
Total assets928924
Net worth651633
Total debt260272
Cash & bank5.545.27
Net working capital231247
Cash flow
Cash from operations88.74108
Cash from investing(62.47)(97.09)
Cash from financing(26.42)(10.85)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue229231217236179231212230
Revenue growth (YoY)+27.8%+0.1%+2.3%+2.3%-20.4%+9997.0%+9997.0%+9997.0%
Other income0.943.680.800.630.446.783.241.08
EBITDA18.2026.3023.1122.49(2.16)23.0527.3229.64
EBITDA margin+7.9%+11.4%+10.7%+9.5%-1.2%+10.0%+12.9%+12.9%
Depreciation8.868.718.688.568.377.547.567.55
Interest7.777.658.097.048.447.227.547.76
Profit before tax2.5113.627.147.52(18.53)15.0715.4615.41
Tax0.523.491.952.40(4.46)2.473.964.02
Net profit1.9910.135.195.12(14.07)12.6011.5011.39
EPS (₹)0.070.340.190.19(0.49)0.420.380.38
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue856891844838624335336
Revenue growth-0.1%+8.6%+5.1%+25.2%+83.1%+0.6%-2.7%
EBITDA70.8210512014973.9434.9736.91
EBITDA margin+8.3%+11.8%+14.2%+17.8%+11.9%+10.4%+11.0%
Profit before tax11.5662.9761.2710130.6718.6619.72
Net profit8.1445.8243.1177.6522.8012.6023.02
Net profit margin+1.0%+5.1%+5.1%+9.3%+3.7%+3.8%+6.9%
EPS (₹)0.281.6816.2439.0211.456.9515.44
Balance sheet
Total assets929916854786716663652
Net worth652633543363287264228
Total debt260267296406420379405
Cash & bank5.455.1111.365.416.1011.635.82
Net working capital23124424117514275.1883.23
Cash flow
Cash from operations88.6910841.01115(6.60)77.0947.13
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
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue229230215233177229210229
Revenue growth (YoY)+29.1%+0.7%+2.3%+2.0%-20.7%-2.0%-1.3%+11.7%
Other income0.953.700.820.640.446.783.241.08
Total expenses211204192210179206183199
EBITDA18.2226.3823.4023.06(2.00)23.1127.1629.47
EBITDA margin+8.0%+11.5%+10.9%+9.9%-1.1%+10.1%+12.9%+12.9%
Depreciation8.868.718.608.448.277.447.497.45
Interest7.767.657.996.908.307.097.417.50
Profit before tax2.5513.727.638.36(18.13)15.3615.5015.60
Tax0.523.491.952.39(4.46)2.493.984.01

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 05 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue229231217236179231212230
Revenue growth (YoY)+27.8%+0.1%+2.3%+2.3%-20.4%+9997.0%+9997.0%+9997.0%
Other income0.943.680.800.630.446.783.241.08
EBITDA18.2026.3023.1122.49(2.16)23.0527.3229.64
EBITDA margin+7.9%+11.4%+10.7%+9.5%-1.2%+10.0%+12.9%+12.9%
Depreciation8.868.718.688.568.377.547.567.55
Interest7.777.658.097.048.447.227.547.76
Profit before tax2.5113.627.147.52(18.53)15.0715.4615.41
Tax0.523.491.952.40(4.46)2.473.964.02
Net profit1.9910.135.195.12(14.07)12.6011.5011.39
EPS (₹)0.070.340.190.19(0.49)0.420.380.38
ParticularsFY 2025-26FY 2024-25
Revenue862898
Revenue growth+0.0%+9997.0%
Other income5.5514.48
Total expenses793792
Employee cost76.9267.88
EBITDA69.72106
EBITDA margin+8.1%+11.8%
Depreciation34.3130.01
Interest31.2127.65
Profit before tax9.7562.53
Tax3.3814.66
Net profit6.6745.59
Net profit margin+0.8%+5.1%
EPS (₹)0.231.68
ParticularsFY 2025-26FY 2024-25
Equity & liabilities
Share capital29.3428.68
Reserves & surplus622589
Shareholders' funds (net worth)651633
Minority interest0.003.79
Secured loans260267
Unsecured loans0.004.54
Total debt260272
Total liabilities928924
Assets
Gross block941889
Net block730709
Capital work in progress10.707.48
Investments3.490.01
Inventories262241
Sundry debtors195187
Cash & bank balances5.545.27
Loans & advances67.1267.31
Total current assets530501
Total current liabilities299253
Net working capital231247
Total assets928924
ParticularsFY 2025-26FY 2024-25
Opening cash0.600.40
Net cash from operating activities88.74108
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 cash5.545.27
ParticularsFY 2025-26FY 2024-25
Growth
Sales growth-4.0%+9997.0%
EBITDA growth-34.1%+9997.0%
PBT growth-84.4%+9997.0%
Net income growth-85.4%+9997.0%
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 / equity0.420.44
Long-term debt / equity0.190.23
Interest cover88.1436.53
Efficiency & per share
Fixed asset turnover0.961.03
Inventory turnover3.433.72
Debtors turnover4.514.80
EPS (₹)0.231.68
Dividend per share (₹)0.050.10
Book value per share (₹)21.6521.00
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue229230215233177229210229
Revenue growth (YoY)+29.1%+0.7%+2.3%+2.0%-20.7%-2.0%-1.3%+11.7%
Other income0.953.700.820.640.446.783.241.08
Total expenses211204192210179206183199
EBITDA18.2226.3823.4023.06(2.00)23.1127.1629.47
EBITDA margin+8.0%+11.5%+10.9%+9.9%-1.1%+10.1%+12.9%+12.9%
Depreciation8.868.718.608.448.277.447.497.45
Interest7.767.657.996.908.307.097.417.50
Profit before tax2.5513.727.638.36(18.13)15.3615.5015.60
Tax0.523.491.952.39(4.46)2.493.984.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue856891844838624335336
Revenue growth-0.1%+8.6%+5.1%+25.2%+83.1%+0.6%-2.7%
Other income5.6014.482.871.381.415.843.54
Total expenses785786724689550300299
Employee cost75.5367.1558.2247.1440.7426.8229.32
EBITDA70.8210512014973.9434.9736.91
EBITDA margin+8.3%+11.8%+14.2%+17.8%+11.9%+10.4%+11.0%
Depreciation34.0229.7229.2725.9824.379.738.69
Interest30.8427.1232.2523.5420.3112.4212.04
Profit before tax11.5662.9761.2710130.6718.6619.72
Tax3.3814.6618.1623.577.874.95(3.34)
Net profit8.1445.8243.1177.6522.8012.6023.02
Net profit margin+1.0%+5.1%+5.1%+9.3%+3.7%+3.8%+6.9%
EPS (₹)0.281.6816.2439.0211.456.9515.44
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital29.3428.6826.5419.9119.9119.7314.93
Reserves & surplus623589485343267244213
Shareholders' funds (net worth)652633543363287264228
Secured loans260265294348381348337
Unsecured loans0.201.681.6457.8938.6531.0968.52
Total debt260267296406420379405
Total liabilities929916854786716663652
Assets
Gross block941881780763690659260
Net block730702630641594587197
Capital work in progress10.706.306.460.090.471.04338
Investments4.044.170.010.010.010.010.01
Inventories26224022518715584.2785.58
Sundry debtors19518516411982.5657.5461.16
Cash & bank balances5.455.1111.365.416.1011.635.82
Loans & advances67.1266.8530.6826.8332.5739.0740.56
Total current assets530496431338277193193
Total current liabilities299252190162134117110
Net working capital23124424117514275.1883.23
Total assets929916854786716663652
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.430.400.320.521.560.660.66
Net cash from operating activities88.6910841.01115(6.60)77.0947.13
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)0.040.08(0.01)(1.04)0.900.00
Closing cash5.455.1111.365.416.1011.635.82
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-4.0%+5.6%+0.7%+34.3%+86.1%-0.1%-2.4%
EBITDA growth-32.8%-12.2%-19.7%+102.1%+111.4%-5.3%+0.7%
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%+60.6%
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 / equity0.420.490.811.341.551.721.64
Long-term debt / equity0.190.260.490.901.131.391.31
Interest cover83.8035.8735.5819.0740.9749.2142.66
Efficiency & per share
Fixed asset turnover0.961.091.121.180.950.761.40
Inventory turnover3.413.844.104.905.213.953.87
Debtors turnover4.505.115.978.338.915.655.77
EPS (₹)0.281.6816.2439.0211.456.9515.44
Dividend per share (₹)0.050.101.000.500.500.500.50
Book value per share (₹)21.6921.00185.89173.66135.15124.90140.56
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Shareholding Pattern of Rushil Decor Limited

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%.

Promoters: 55.10%DII (Domestic Institutional): 0.10%FII (Foreign Institutional): 1.10%Retail & Others: 43.70%
Sep 2026
QUARTER
55.10% Promoters
0.10% DII (Domestic Institutional)
1.10% FII (Foreign Institutional)
43.70% Retail & Others
Promoter holding - history
Now 55.10% · Sep 2026High 55.10% · Dec 2025Low 55.10% · Dec 2025
54%54.8%55.5%56.3%57%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 55.10%Mar 2026: 55.10%Jun 2026: 55.10%Sep 2026: 55.10%55.10%55.10%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters55.10%55.10%55.10%55.10%
Public44.90%44.90%44.90%44.90%

Group Structure of Rushil Decor Limited

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.

1
Subsidiary companies
Key Subsidiaries
Company NameCINShares Held
Rushil Modala Ply LimitedU16210KA2024PLC186443-

Showing major subsidiaries. Total: 1.

Charges & Borrowings of Rushil Decor Limited

Open charges
₹710.24 Cr
Satisfied charges
₹127.99 Cr
Breakdown by lending institutions
Others₹710.24 Cr
Latest charge details
DateLenderAmountStatus
06 Jun 2026Others₹15.4 CrOpen
03 Jun 2026Others₹27.5 LakhOpen
17 Jan 2026Others₹1.24 CrOpen
28 Nov 2025Others₹1.8 CrOpen
25 Sep 2025Others₹1.33 CrOpen

Total charge records: 60 View all charges

Employees and EPFO Compliance at Rushil Decor Limited

Rushil Decor Limited has a workforce of 853 employees as of Nov 30, 2024.

Employee count
853
Active EPFO establishments
1
Employee growth
15.43%
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GST Compliance of Rushil Decor Limited

Rushil Decor has 14 GST registrations: 14 active. The first 4 active GSTINs are listed below.

Total GSTINs
14
Active
14
GSTINStateStatusRegistered on
24AABCR3005N1ZKGujaratActive01 Jul 2017
24AABCR3005N2ZJGujaratActive28 Jul 2017
03AABCR3005N1ZOPunjabActive01 Jul 2017
04AABCR3005N1ZMChandigarhActive01 Jul 2017
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GST registrations and filing compliance

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Credit Ratings, Litigation & Regulatory Alerts for Rushil Decor Limited

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MSME Payment Delays by Rushil Decor Limited

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Subsidiaries & Group Companies of Rushil Decor Limited

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MCA Filings & Documents of Rushil Decor Limited

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Recent Activity on Rushil Decor Limited

Charges
06 Jun 2026
A charge with Others amounted to Rs. 15.40 Cr with Charge ID 101321502 was registered on 06 Jun 2026.
Charges
03 Jun 2026
A charge with Others amounted to Rs. 0.28 Cr with Charge ID 101311285 was registered on 03 Jun 2026.
Charges
17 Jan 2026
A charge with Others amounted to Rs. 1.24 Cr with Charge ID 101220949 was registered on 17 Jan 2026.
Charges
09 Dec 2025
A charge registered on 09 Jul 2021 via Charge ID 100473241 with Others was fully satisfied on 09 Dec 2025.
Charges
09 Dec 2025
A charge registered on 09 Apr 2021 via Charge ID 100441348 with Others was fully satisfied on 09 Dec 2025.
Charges
09 Dec 2025
A charge registered on 07 Jan 2021 via Charge ID 100408268 with Others was fully satisfied on 09 Dec 2025.

Recent News on Rushil Decor Limited

Frequently Asked Questions about Rushil Decor Limited

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: USHIL.

Rushil Decor reported revenue of ₹862.24 Cr for FY 2025-26 (down 3.98% YoY) based on consolidated financials.

Rushil Decor has 7 current directors and KMP:

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 listed on both BSE (code: 533470) and NSE (symbol: USHIL).

Rushil Decor was incorporated on 24 May 1993, making it 33+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Rushil Decor can be reached through the website rushil.com. Its registered office is in Mansa, Gujarat, India.

The registered office of Rushil Decor is at S No 149 Near Kalyanpura Patia, Village Itla Gandhinagar Mansa Road, Gujarat, India – 382845.

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