Investment Imperative is bullish on Rushil Decor has recommended buy rating on the stock with a target price of Rs 1173 in its research report dated March 13, 2018.
Investment Imperative's research report on Rushil Decor
Rushil Decor Limited is betting on aggressive expansion in medium density fibreboard or MDF space and green product wood polymer composite or WPC boards in the current and upcoming years. It is targeting almost three times capacity addition of 800 cbm/ day from the current capacity of 300 cbm/ day. Rushil has also started WPC board plant in January 2018 which is environment friendly and preferred option for green buildings.
OutlookWe are giving a target of Rs.1,277 for FY20 with an expectation for timely implementation of MDFs project in AP, utilization rate of above 80% for newly implemented WPC project by FY20.
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