This small-cap laminate company delivered nearly 150% returns in the last two years!

Multi-bagger Stocks

by 5paisa Research Team Last Updated: Jan 25, 2023 - 10:18 pm 2.4k Views

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 2.43 lakh today.

Rushil Decor Ltd, an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last two years. During this period, the company’s share price jumped from Rs 167.10 on 28 January 2021 to Rs 406.70 on 24 January 2023, an increase of 143% in the two-year holding period.

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 2.43 lakh today.

Rushil Decor Limited operates in the Decorative High-Pressure Laminates market in India with global footprints in over 46 countries. The company aims to become the undisputed choice in the Laminates and Panel Industry in India and the world, by redefining working and living spaces with its focus on innovation and excellence in producing sustainable and best-in-class products.

In the recent quarter Q3FY23, on a consolidated basis, the company’s net revenue increased by 18.72% YoY to Rs 203 crore. Similarly, the bottom line increased by 247% YoY to Rs 26.6 crore.

The company is currently trading at a TTM PE of 10.5x against the industry PE of 8.6x. In FY22, the company delivered an ROE & ROCE of 8.8% and 7.7%, respectively. The company is a constituent of Group A stocks and commands a market capitalisation of Rs 804.91 crore.

Today, the scrip of Rushil Décor Ltd opened at Rs 408.95 and has touched a high and low of Rs 411.50 and Rs 402.60, respectively. So far, 1,832 shares have been traded on the bourses.

At 11.20 am, the shares of Rushil Decor Ltd were trading at Rs 401, a decrease of 1.40% from the previous day’s closing price of Rs 406.70 on BSE. The stock has a 52-week high & low of Rs 675 and Rs 315.65, respectively on BSE.

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