Wood & Wood Products · Founded 1992 · www.bloomdekor.com · BSE 526225 · · ISIN INE253C01013
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Business
Bloom Dekor Ltd. is an Indian manufacturer of decorative laminates. The company primarily produces high-pressure decorative laminates (HPL) and compact laminates, which are used for surfacing applications in interior design, furniture, modular kitchens, wall panels, and flooring. Their products cater to residential, commercial, and industrial segments. The company generates revenue by manufacturing and selling these laminates through a distribution network to furniture manufacturers, contractors, architects, interior designers, and direct consumers.
Revenue Mix
Bloom Dekor Ltd.'s core business is focused on decorative laminates. While specific revenue contributions for different laminate types (e.g., high-pressure vs. compact, or various designs/finishes) are not typically broken down in public summaries, their product portfolio generally includes:
High-Pressure Decorative Laminates (HPL): Standard laminates used for various interior applications.
Compact Laminates: Thicker, self-supporting laminates often used for partitions, lockers, and laboratory furniture.
The company's revenue is primarily derived from the sale of these laminate products.
Industry
The Indian decorative laminates industry is fragmented with both organized and unorganized players. It is driven by the growth in real estate, housing, and the furniture industry. Bloom Dekor operates in the organized sector, competing with established national brands and smaller regional players. The industry emphasizes design variety, quality, durability, and a strong distribution network. Bloom Dekor positions itself as a quality manufacturer, aiming to serve a diverse customer base with a range of designs and finishes.
MOAT
Bloom Dekor's potential competitive advantages could include:
Established Brand & Distribution: A presence in the market over several years helps build brand recognition and a network of dealers and distributors, which is crucial for reaching customers across various regions.
Product Quality & Design: Ability to offer a wide range of designs, textures, and finishes that cater to evolving consumer preferences and design trends can foster customer loyalty.
Manufacturing Capabilities: Modern manufacturing facilities and processes can contribute to consistent product quality and potentially cost efficiencies, though scale is not necessarily industry-leading.
Growth Drivers
Key factors that can drive Bloom Dekor's growth over the next 3-5 years include:
Urbanization & Real Estate Growth: Increasing disposable incomes, rapid urbanization, and growth in residential and commercial real estate drive demand for interior finishing materials.
Organized Furniture Market: The shift from unorganized carpentry to modular furniture and professionally designed interiors boosts demand for branded laminates.
Rising Home Improvement Spending: Increased consumer spending on home renovations and interior upgrades.
Product Innovation: Introduction of new designs, anti-bacterial laminates, fire-retardant options, or other value-added products.
Expansion of Distribution Network: Deepening market penetration in tier 2/3 cities and increasing dealer touchpoints.
Risks
Raw Material Price Volatility: The company is exposed to fluctuations in prices of key raw materials like craft paper, decorative paper, resins, and chemicals.
Intense Competition: The decorative laminates market is highly competitive, with numerous national and regional players, leading to pricing pressures.
Economic Slowdown: A downturn in the real estate, construction, or furniture manufacturing sectors can directly impact demand for laminates.
Substitute Products: Competition from alternative surfacing materials like veneers, paints, tiles, or other composite materials.
Design & Trend Dependency: Failure to adapt to changing consumer design preferences and trends could impact sales.
Management & Ownership
Bloom Dekor Ltd. is primarily a promoter-driven company. The management typically consists of individuals from the founding family or long-term associates who hold significant stakes and guide the company's strategic direction. Promoter holding in such companies is generally substantial, indicating a vested interest in the company's long-term performance and stability. The day-to-day operations are handled by a professional management team under the supervision of the Board.
Outlook
Bloom Dekor Ltd. operates in a growing sector supported by India's urbanization and increasing demand for organized interiors and quality housing. The company's focus on decorative laminates positions it to benefit from these macroeconomic tailwinds. However, it faces significant competition, and profitability can be influenced by raw material price volatility and economic cycles affecting the real estate sector. Sustained growth will depend on its ability to innovate in design, maintain product quality, expand its distribution reach, and manage costs effectively in a competitive landscape.
| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 |
| Total Expenditure | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 1 |
| Operating Profit | -0 | -0 | -0 | -0 | -0 | 0 | -0 | -1 | -0 | -0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0 | -0 | -0 | -0 | -1 | -0 | -0 | -1 | -0 | -0 |
| Provision for Tax | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Profit After Tax | -0 | -0 | -0 | -0 | -0 | 0 | -0 | -1 | -0 | -0 |
| Adjustments | -0 | 0 | 0 | 0 | -0 | -0 | 0 | -0 | 0 | 0 |
| Profit After Adjustments | -0 | -0 | -0 | -0 | -0 | 0 | -0 | -1 | -0 | -0 |
| Adjusted Earnings Per Share | -0 | -0.3 | -0.3 | -0.5 | -0.5 | 0.1 | -0.3 | -0.7 | -0.3 | -0.5 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 63 | 62 | 71 | 65 | 51 | 40 | 31 | 21 | 11 | 6 | 5 | 4 |
| Other Income | 1 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 64 | 62 | 72 | 66 | 52 | 41 | 32 | 21 | 11 | 6 | 5 | 4 |
| Total Expenditure | 56 | 57 | 68 | 62 | 53 | 35 | 35 | 41 | 15 | 7 | 5 | 5 |
| Operating Profit | 8 | 5 | 4 | 3 | -1 | 6 | -3 | -20 | -4 | -1 | -1 | -1 |
| Interest | 4 | 5 | 5 | 5 | 6 | 5 | 5 | 5 | 0 | 0 | 0 | 0 |
| Depreciation | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34 | 0 | 0 | 0 |
| Profit Before Tax | 1 | -2 | -3 | -4 | -9 | -2 | -10 | -26 | 29 | -1 | -1 | -1 |
| Provision for Tax | 1 | -1 | -0 | -2 | -2 | -0 | -2 | -6 | 7 | -1 | -0 | 0 |
| Profit After Tax | 1 | -2 | -3 | -2 | -7 | -2 | -8 | -20 | 21 | -1 | -1 | -1 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 1 | -2 | -3 | -2 | -7 | -2 | -8 | -20 | 21 | -1 | -1 | -1 |
| Adjusted Earnings Per Share | 1 | -2.8 | -4.1 | -2.2 | -10.7 | -2.4 | -11.2 | -29.5 | 31.3 | -1.2 | -1.5 | -1.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -17% | -38% | -34% | -22% |
| Operating Profit CAGR | 0% | 0% | NAN% | NAN% |
| PAT CAGR | 0% | 0% | 0% | NAN% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -45% | -18% | -7% | -16% |
| ROE Average | 0% | 0% | 0% | -20% |
| ROCE Average | -21% | 47% | 13% | 8% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 17 | 15 | 12 | 11 | 3 | 2 | -6 | -26 | -5 | -6 | -7 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 3 | 9 | 8 | 8 | 12 | 18 | 17 | 19 | 12 | 12 | 12 |
| Other Non-Current Liabilities | 3 | 3 | 3 | 0 | -2 | -2 | -4 | -7 | 1 | 1 | 2 |
| Total Current Liabilities | 45 | 47 | 52 | 53 | 51 | 43 | 42 | 37 | 3 | 4 | 3 |
| Total Liabilities | 68 | 74 | 75 | 72 | 64 | 60 | 49 | 22 | 11 | 12 | 11 |
| Fixed Assets | 19 | 18 | 16 | 15 | 13 | 11 | 10 | 1 | 3 | 2 | 2 |
| Other Non-Current Assets | 2 | 1 | 2 | 2 | 2 | 2 | 7 | 5 | 5 | 5 | 4 |
| Total Current Assets | 47 | 54 | 56 | 54 | 49 | 47 | 32 | 16 | 3 | 5 | 4 |
| Total Assets | 68 | 74 | 75 | 72 | 64 | 60 | 49 | 22 | 11 | 12 | 11 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 0 | 0 | 0 | 2 |
| Cash Flow from Operating Activities | 4 | 2 | 8 | 7 | -4 | 2 | 1 | -1 | 4 | 1 | -0 |
| Cash Flow from Investing Activities | -1 | -2 | -1 | -1 | 0 | -1 | 0 | 1 | 35 | 0 | -0 |
| Cash Flow from Financing Activities | -3 | -0 | -8 | -6 | 3 | -2 | -2 | -1 | -39 | 0 | -0 |
| Net Cash Inflow / Outflow | -0 | -0 | -0 | -0 | -0 | -1 | -1 | -0 | -0 | 2 | -0 |
| Closing Cash & Cash Equivalent | 2 | 2 | 2 | 2 | 1 | 1 | 0 | 0 | 0 | 2 | 2 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1 | -2.76 | -4.05 | -2.2 | -10.7 | -2.38 | -11.24 | -29.49 | 31.34 | -1.24 | -1.51 |
| CEPS(Rs) | 5.03 | 0.87 | -0.62 | 1.09 | -7.48 | 0.72 | -8.38 | -27.41 | 32.34 | -0.49 | -0.91 |
| DPS(Rs) | 0.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 24.79 | 22.02 | 17.53 | 15.45 | 4.69 | 2.28 | -8.82 | -38.14 | -6.85 | -8.09 | -9.6 |
| Core EBITDA Margin(%) | 10.44 | 7.19 | 4.02 | 3.28 | -3.92 | 11.7 | -10.86 | -93.36 | -38.45 | -15 | -21.01 |
| EBIT Margin(%) | 7.76 | 4.18 | 1.95 | 1.83 | -7.05 | 8.51 | -15.78 | -99.83 | 265.57 | -23.29 | -29.22 |
| Pre Tax Margin(%) | 2.11 | -3.56 | -4.19 | -5.6 | -18.02 | -4.91 | -32.4 | -122.33 | 263.89 | -25.07 | -30.63 |
| PAT Margin (%) | 0.99 | -2.73 | -3.6 | -2.28 | -14.36 | -4.06 | -24.61 | -94.35 | 195.65 | -14.81 | -22.89 |
| Cash Profit Margin (%) | 4.97 | 0.86 | -0.56 | 1.13 | -10.04 | 1.23 | -18.33 | -87.69 | 201.92 | -5.88 | -13.73 |
| ROA(%) | 1.04 | -2.68 | -3.75 | -2.06 | -10.81 | -2.62 | -14.14 | -56.67 | 127.32 | -7.36 | -9.18 |
| ROE(%) | 4.11 | -11.81 | -20.49 | -13.36 | -106.26 | -68.2 | 0 | 0 | 0 | 0 | 0 |
| ROCE(%) | 11.51 | 5.74 | 3 | 2.66 | -8.11 | 7.53 | -11.39 | -65 | 179.37 | -18.72 | -20.78 |
| Receivable days | 53.29 | 50.67 | 51.92 | 72.21 | 89.84 | 101.58 | 82.48 | 41.68 | 27.45 | 29.71 | 35.03 |
| Inventory Days | 156.11 | 191.45 | 191.05 | 213 | 254.83 | 308.9 | 352.24 | 284.31 | 149.1 | 139.41 | 178.64 |
| Payable days | 145.31 | 164.17 | 149.49 | 209.61 | 237.47 | 302.45 | 199.54 | 83.82 | 105.37 | 160.24 | 212.11 |
| PER(x) | 18.06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.36 | 0 | 0 |
| Price/Book(x) | 0.73 | 1.1 | 2.43 | 3.16 | 3.2 | 4.45 | -1.59 | -0.28 | -1.63 | -1.33 | -1.13 |
| Dividend Yield(%) | 3.31 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.65 | 0.85 | 0.87 | 1.01 | 0.98 | 1.26 | 1.8 | 2.72 | 1.79 | 3.13 | 4.05 |
| EV/Core EBITDA(x) | 5 | 9.79 | 16.02 | 18.8 | -36 | 9.14 | -18.9 | -2.92 | -4.79 | -21.66 | -20.2 |
| Net Sales Growth(%) | -0.76 | -1.91 | 14.38 | -8.8 | -21.02 | -21.38 | -22.01 | -31.58 | -48.76 | -47.8 | -21.1 |
| EBIT Growth(%) | 128.71 | -46.06 | -48.26 | -19.68 | -398.2 | 194.85 | -244.57 | -332.92 | 236.32 | -104.6 | 1.48 |
| PAT Growth(%) | 141.51 | -375.85 | -46.65 | 45.64 | -385.78 | 77.8 | -373.14 | -162.3 | 206.26 | -103.97 | -21.38 |
| EPS Growth(%) | 141.51 | -375.85 | -46.64 | 45.64 | -385.77 | 77.8 | -373.14 | -162.3 | 206.26 | -103.97 | -21.38 |
| Debt/Equity(x) | 1.81 | 2.55 | 2.88 | 3.17 | 12.9 | 28.5 | -7.74 | -1.96 | -2.59 | -2.24 | -1.89 |
| Current Ratio(x) | 1.05 | 1.16 | 1.1 | 1.03 | 0.96 | 1.09 | 0.77 | 0.42 | 1 | 1.19 | 1.22 |
| Quick Ratio(x) | 0.33 | 0.29 | 0.32 | 0.33 | 0.29 | 0.3 | 0.13 | 0.24 | 0.2 | 0.68 | 0.53 |
| Interest Cover(x) | 1.37 | 0.54 | 0.32 | 0.25 | -0.64 | 0.63 | -0.95 | -4.44 | 157.26 | -13.12 | -20.8 |
| Total Debt/Mcap(x) | 2.47 | 2.33 | 1.18 | 1 | 4.03 | 6.4 | 4.86 | 6.96 | 1.59 | 1.68 | 1.67 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 54.76 | 54.76 | 54.76 | 54.76 | 54.76 | 54.76 | 54.76 | 54.76 | 54.76 | 54.76 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 45.24 | 45.24 | 45.24 | 45.24 | 45.24 | 45.24 | 45.24 | 45.24 | 45.24 | 45.24 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -17% | -38% | -34% | -22% |
| Operating Profit CAGR | — | — | 0% | 0% |
| PAT CAGR | — | — | — | 0% |
| Share Price CAGR | -45% | -18% | -7% | -16% |
| ROE Average | 0% | 0% | 0% | -20% |
| ROCE Average | -21% | +47% | +13% | +8% |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 54.76 | 54.76 | 54.76 | 54.76 | 54.76 | 54.76 | 54.76 | 54.76 | 54.76 | 54.76 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 45.24 | 45.24 | 45.24 | 45.24 | 45.24 | 45.24 | 45.24 | 45.24 | 45.24 | 45.24 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 |
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