[Stock idea] – Rushil Decor…leading MDF manufacturer
Hello Sir,Hope you are doing well.Did you know? – In wood panels industry in India, MDFs contribution is only around 20-30% and plywood accounts for 70%; however, worldwide 45-50% is MDF, 45-50% particle board and minuscule contribution from plywood. The usage of MDF is expanding rapidly in India and being a capital intensive industry, there are a handful of major players.Below, we have shared notes from Q1 FY 23 concall of Rushil Decor which is a major player in the MDF and the laminate…