RHI Magnesita India Limited RHIM NIFTY_SMALLNSEINFRA

Industrials · Metal Fabrication · India

https://www.rhimagnesitaindia.com

RHI Magnesita India Limited engages in the manufacture and trading of refractories, monolithics, bricks, and ceramic paper in India and internationally. The company offers isostatically pressed continuous casting refractories, slide gate plates, nozzles and well blocks, tundish nozzles, bottom purging refractories and top purging lances, slag arresting darts, castables, and high alumina bricks, and magnesia carbon bricks, as well as spray mass for tundish working linings. It also provides solutions, such as total refractory management/full line service; engineering solutions comprising refractories health inspection, failure analysis, and design optimization; and complete project management solutions, including drawing and engineering, supply, installation, and commissioning, as well as after- sales service and maintenance. In addition, the company offers management services. It serves the steel, cement, nonferrous metals, glass, environment and energy, foundry, and paper and pulp industries. The company was formerly known as Orient Refractories Limited and changed its name to RHI Magnesita India Limited in July 2021. The company was incorporated in 2010 and is based in Gurugram, India. RHI Magnesita India Limited operates as a subsidiary of Veitscher Vertriebsgesellschaft m.b.H.

Market & Price

Market Cap

₹8,396.35 Cr

Current Price

₹406.60

High / Low (52W)

₹524.05 / ₹334.10

Beta

0.33

Valuation

Stock P/E

Industry PE

27.78

Forward P/E

20.36

PEG Ratio

Book Value

₹193.95

Price to Book

2.10

P/S

2.10

EV/EBITDA

19.20

Dividend Yield

0.61%

Profitability & Returns

ROCE

6.99%

ROE

ROA

Profit Margin

4.28%

Op Margin

8.55%

EPS (Latest Qtr)

₹2.99

EPS (TTM)

₹-18.54

Balance Sheet & Liquidity

Debt/Equity

0.10

Quick Ratio

Current Ratio

Debt

₹414.68 Cr

Total Assets

₹5,175.80 Cr

Current Assets

₹2,304.13 Cr

Working Capital

₹1,493.68 Cr

Ownership

Promoter Holding

70.71%

Chg in Prom Hold

FII / Inst Holding

17.39%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹8,706.01 Cr

Total Revenue (TTM)

₹4,005.65 Cr

EBITDA

₹453.54 Cr

Free Cash Flow

Operating Cash Flow

Shares Outstanding

₹20.65 Cr

Gross Margin

37.89%

Payout Ratio

30.08%

Growth (CAGR)

Revenue 5Y

22.56%

Profit 5Y

-9.03%

Revenue (YoY)

8.00%

Earnings (YoY)

30.00%

PROS

Compounding revenue at 22.6% over 5 years.

CONS

Earnings shrank at -9.0% CAGR over 5 years.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	RHIM RHI Magnesita India Limited NIFTY_SMALLNSEINFRA	406.60	-	₹8,396.35 Cr	0.61%	6.99%	-	22.56%	-9.03%
2	LT Larsen & Toubro Limited NIFTY50NSEAIINFRA	4,076.50	34.84	₹5.61 L Cr	0.93%	14.55%	16.95%	16.09%	15.38%
3	ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA	1,804.60	30.96	₹4.16 L Cr	0.42%	11.02%	15.59%	22.93%	34.11%
4	HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU	4,303.80	31.55	₹2.88 L Cr	1.16%	13.80%	23.98%	7.87%	16.08%
5	POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA	38,445.00	172.41	₹1.71 L Cr	0.02%	24.92%	21.04%	22.24%	119.12%
6	INDIGO InterGlobe Aviation Limited NSEINFRA	4,405.00	-	₹1.70 L Cr	0.24%	15.53%	-	44.12%	72.60%
7	CUMMINSIND Cummins India Limited NSEINFRA	5,881.00	68.97	₹1.63 L Cr	1.12%	34.95%	29.45%	16.07%	24.35%
8	CGPOWER CG Power and Industrial Solutions Limited NSEINFRA	917.45	118.99	₹1.44 L Cr	0.14%	19.35%	19.56%	21.67%	7.81%
9	POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA	9,477.50	53.48	₹1.43 L Cr	0.37%	30.44%	24.58%	26.57%	28.11%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	-	1,010.70 Cr	867.65 Cr	960.32 Cr	1,035.36 Cr	1,092.01 Cr
Cost of Revenue	-	632.07 Cr	692.60 Cr	600.53 Cr	649.00 Cr	663.77 Cr
Gross Profit	-	378.64 Cr	175.06 Cr	359.78 Cr	386.36 Cr	428.25 Cr
Operating Expenses	-	308.28 Cr	95.23 Cr	304.63 Cr	326.24 Cr	334.84 Cr
Operating Income	-	70.36 Cr	79.83 Cr	55.15 Cr	60.12 Cr	93.40 Cr
EBITDA	-	131.92 Cr	100.23 Cr	103.33 Cr	110.53 Cr	144.42 Cr
Interest Expense	-	12.84 Cr	9.16 Cr	8.33 Cr	9.45 Cr	11.40 Cr
Pretax Income	-	64.30 Cr	37.83 Cr	47.93 Cr	51.78 Cr	83.55 Cr
Tax Provision	-	16.76 Cr	1.65 Cr	12.66 Cr	13.43 Cr	21.99 Cr
Net Income	-	47.54 Cr	36.18 Cr	35.27 Cr	38.35 Cr	61.56 Cr
Diluted EPS	2.22	2.30	-	1.71	1.85	2.99

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Revenue	1,968.86 Cr	2,689.76 Cr	3,734.59 Cr	3,624.18 Cr
Cost of Revenue	1,259.04 Cr	1,811.75 Cr	2,365.46 Cr	2,331.03 Cr
Gross Profit	709.82 Cr	878.01 Cr	1,369.13 Cr	1,293.14 Cr
Operating Expenses	346.87 Cr	559.38 Cr	972.89 Cr	980.45 Cr
Operating Income	362.94 Cr	318.63 Cr	396.24 Cr	312.69 Cr
EBITDA	394.48 Cr	-286.36 Cr	241.70 Cr	511.54 Cr
Interest Expense	3.17 Cr	39.04 Cr	63.53 Cr	42.37 Cr
Pretax Income	357.48 Cr	-396.30 Cr	-15.51 Cr	262.66 Cr
Tax Provision	88.48 Cr	69.35 Cr	84.60 Cr	60.15 Cr
Net Income	269.00 Cr	-466.11 Cr	-100.45 Cr	202.51 Cr
Diluted EPS	16.71	-27.85	-4.88	9.81

Compounded Sales Growth

5 Years:	22.56%
1 Year:	8.00%

Compounded Profit Growth

5 Years:	-9.03%
1 Year:	30.00%

Stock Price Performance

1 Year:	-10.92%
6 Months:	-12.11%
3 Months:	-11.32%
1 Month:	-0.74%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Assets	1,674.25 Cr	5,880.55 Cr	5,115.54 Cr	5,175.80 Cr
Current Assets	1,337.78 Cr	2,544.91 Cr	2,198.17 Cr	2,304.13 Cr
Cash & Equivalents	62.21 Cr	322.42 Cr	50.03 Cr	96.75 Cr
Inventory	608.04 Cr	956.20 Cr	905.32 Cr	1,073.55 Cr
Receivables	489.02 Cr	755.60 Cr	816.90 Cr	732.97 Cr
Total Liabilities	645.53 Cr	2,900.16 Cr	1,269.82 Cr	1,177.18 Cr
Current Liabilities	606.13 Cr	2,507.57 Cr	884.47 Cr	810.45 Cr
Long Term Debt	33.42 Cr	241.93 Cr	237.08 Cr	215.48 Cr
Total Debt	64.71 Cr	1,589.30 Cr	486.66 Cr	379.74 Cr
Total Equity	1,028.72 Cr	2,891.03 Cr	3,845.72 Cr	3,998.62 Cr
Shares Outstanding	16.10 Cr	18.80 Cr	20.65 Cr	20.65 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Operating Cash Flow	27.26 Cr	238.26 Cr	270.60 Cr	373.08 Cr
Investing Cash Flow	-69.91 Cr	-1,149.99 Cr	-312.44 Cr	-113.30 Cr
Financing Cash Flow	-50.28 Cr	1,171.93 Cr	-230.55 Cr	-213.07 Cr
Capital Expenditure	-62.45 Cr	-45.17 Cr	-82.14 Cr	-119.12 Cr
Free Cash Flow	-35.19 Cr	193.10 Cr	188.46 Cr	253.96 Cr
Net Change in Cash	-92.93 Cr	260.21 Cr	-272.39 Cr	46.72 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Gross Margin %	36.1%	32.6%	36.7%	35.7%
Operating Margin %	18.4%	11.8%	10.6%	8.6%
Net Margin %	13.7%	-17.3%	-2.7%	5.6%
ROE %	26.1%	-16.1%	-2.6%	5.1%
ROCE %	34.0%	9.4%	9.4%	7.2%

Shareholding Pattern

Insiders

70.71%

Institutions

17.39%

Public Float

59.36%

Analyst View

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