Royal Cushion Vinyl Products Ltd
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BSE Code:
526193
NSE Code:
ROYALCU
Business Profile
Business Profile
Royal Cushion Vinyl Products (ROYALCU) incorporated in 1983, is a company engaged in the business of PVC floorings. The company has product offering in the space of residential floorings, transport floorings, contract floorings and sports floorings.
ROYALCU has two plants located in Garadhia and Halol, district Panchmahal and Savli, district Baroda, Gujarat. It has installed capacities of 22 million sq. m. for floor covering, 10.9 million sq. m. for PVC flooring and 10,000 MT for PVC rigid film. RCVP also exports to many developing countries, its major markets being Sudan, Ethiopia, Kenya, Tanzania and Saudi Arabia among others. The company recently introduced transport flooring for use in buses and railways and high performance flooring for heavy traffic areas.
ROYALCU has been registered with the BIFR since Sep. 2002.
Financials
Royal Cushion Vinyl Products registered a loss of Rs 120.12 million for the quarter ended December 2006.
Net sales declined 2.18% to Rs 174.5 million for the quarter ended December 2006 from Rs 178.39 million for the quarter ended December 2005.
Total income dipped 2.13% to Rs 174.51 million from Rs 178.31 million for the quarter ended December 2005.
The earnings per share (EPS) of the company stood at Rs 9.95 for the quarter ended December 2006.
Recent Developments
28-JUN-07
On April 25, 2007, the board of directors decided to shift its registered office from Shree Kamdhenu Estate, 4th Floor, near Tangent Furniture Showroom, Off Link Road, Chincholi Bunder, Malad (West) Mumbai to 60 CD, Shlok, Government Industrial Estate, Charkop, Kandivli (West) Mumbai w.e.f. May 31, 2007.
Future Plans
The company is working on flooring requirements specific to hospitals, BPO, IT, and other corporate offices as these areas show lucrative growth.