Rushil Decor zooms on foraying into South American Market
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Rushil Decor is currently trading at Rs. 317.70, up by 17.20 points or 5.72% from its previous closing of Rs. 300.50 on the BSE.
The scrip opened at Rs. 302.50 and has touched a high and low of Rs. 324.70 and Rs. 300.15 respectively. So far 13034 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 406.70 on 24-Nov-2023 and a 52 week low of Rs. 243.95 on 31-May-2023.
Last one week high and low of the scrip stood at Rs. 334.70 and Rs. 294.95 respectively. The current market cap of the company is Rs. 850.74 crore.
The promoters holding in the company stood at 56.39%, while Institutions and Non-Institutions held 1.17% and 42.44% respectively.
Rushil Decor has strengthened global footprint with its strategic expansion into South America. With exports already reaching over 50 countries, Rushil Decor is set to penetrate one of the largest markets for MDF globally.
As a leader in MDF manufacturing in India, Rushil Decor is well-equipped to meet the high demand in South America. The company recently posted a 9% growth in the January to March 2024 quarter compared to the same period last year. Export revenue contributed 28% to the total revenue in the fourth quarter of FY24, highlighting the company’s significant international footprint.
Rushil Decor’s strategic expansion is part of its broader vision to achieve annual revenues of Rs 2500 crore by 2029. With state-of-the-art manufacturing facilities and a strong distribution network, the company is poised to meet the increasing demands of the global market while maintaining financial stability and operational efficiency.
Rushil Decor is a leader in the Decorative High Pressure Laminates market in India.
