RHI Magnesita India Ltd - Stock Valuation and Financial Performance

BSE: 534076 | NSE: RHIM | Refractories | Small Cap

RHI Magnesita Share Price

549.55 -7.30 -1.31%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on RHI Magnesita

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

RHI Magnesita India stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
11,499 Cr.
52-wk low:
503.5
52-wk high:
830

Is RHI Magnesita India Ltd an attractive stock to invest in?

1. Is RHI Magnesita India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that RHI Magnesita India Ltd is a good quality company.

2. Is RHI Magnesita India Ltd undervalued or overvalued?

The key valuation ratios of RHI Magnesita India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is RHI Magnesita India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of RHI Magnesita India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of RHI Magnesita:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
RHI Magnesita India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 41.2%32.8%28.8%27.5%28.3%25.6%25.9%16.9%28.1%-17.4%-
Value Creation
Index
2.01.31.11.01.00.80.90.21.1-2.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4044514595196287481,3841,3661,9952,4882,728
Sales YoY Gr.-11.9%1.7%13.2%21%19%85%-1.3%46%24.7%-
Adj EPS 4.34.44.55.477.411.611.116.8-22.2-22.5
YoY Gr.-1.2%4.4%19.6%28.2%6%57.5%-4.2%51.1%-232%-
BVPS (₹) 11.514.11722.826.931.358.266.763.8155.8200.1
Adj Net
Profit
51.752.254.665.283.688.7140134271-417-464
Cash Flow from Ops. 28.933.880.260.457.254.317316626.5351-
Debt/CF from Ops. 0.20.200000.40.42.21.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 22.4%31.7%21.6%24.7%
Adj EPS -220%-226.1%-224.1%-232%
BVPS33.6%42.1%38.8%144.1%
Share Price 25.1% 17.9% 32.8% -5.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
433429.227.32825.425.917.729.6-21.1-12.6
Op. Profit
Mgn %
19.717.818.72020.417.315.915.119.715.312.7
Net Profit
Mgn %
12.811.611.912.613.311.910.19.813.6-16.8-17
Debt to
Equity
0000000.10.10.10.2-
Working Cap
Days
168158184259247208189279253265115
Cash Conv.
Cycle
6979746062686185656033

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 21.60%

Sales growth is good in last 4 quarters at 12.17%

Return on Equity is Poor

Latest Financials - RHI Magnesita India Ltd.

Standalone Consolidated
TTM EPS (₹) -22.5 -25.3
TTM Sales (₹ Cr.) 2,728 3,713
BVPS (₹.) 200.1 198.8
Reserves (₹ Cr.) 4,110 4,084
P/BV 2.78 2.80
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 503.45 / 829.95
All Time Low / High (₹) 22.75 / 893.15
Market Cap (₹ Cr.) 11,499
Equity (₹ Cr.) 20.7
Face Value (₹) 1
Industry PE 29.7

Management X-Ray of RHI Magnesita:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of RHI Magnesita

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales4044514595196287481,3841,3661,9952,488
Operating Expenses 3243713744155006191,1691,1611,6082,124
Manufacturing Costs515649526477139129180243
Material Costs2152512552913474458628531,1911,578
Employee Cost 34383943475492105123171
Other Costs 2526303042437674114132
Operating Profit 798185104128129215206387364
Operating Profit Margin (%) 19.6%17.8%18.6%20.0%20.4%17.3%15.5%15.0%19.4%14.6%
Other Income 455811181015715
Interest 000111147421
Depreciation 45667926303442
Exceptional Items 000000000-661
Profit Before Tax 808085105131138185184356-345
Tax 27272936454849488882
Profit After Tax 535356698690136136268-427
PAT Margin (%) 13.1%11.7%12.2%13.3%13.7%12.0%9.8%9.9%13.4%-17.2%
Adjusted EPS (₹)4.44.44.75.77.17.511.311.316.6-22.7
Dividend Payout Ratio (%)28%32%31%44%35%33%22%22%15%-11%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1381702052733233767008011,0272,928
Share Capital 12121212121212121619
Reserves 1261581932613113646887891,0112,910
Minority Interest0000000000
Debt650000666033544
Long Term Debt0000005860330
Short Term Debt650000800544
Trade Payables51517278100111235348526645
Others Liabilities 8626148283133176323369442763
Total Liabilities 2812534246345566641,3221,5782,0294,880

Fixed Assets

Gross Block5462734353812803213911,180
Accumulated Depreciation242934613215783113150
Net Fixed Assets3033383740602232392781,030
CWIP 24251439463427
Investments 00001081031010101,718
Inventories6372648191117277353608634
Trade Receivables99113119114159157332327450511
Cash Equivalents 182676111132812115471122
Others Assets685125286131195350449578837
Total Assets 2812534246345566641,3221,5782,0294,880

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 29348060575417316626351
PBT 808085105131138185184356-345
Adjustment 53402-8403040731
Changes in Working Capital -28-2119-8-32-28-42-28461
Tax Paid -28-28-28-37-44-48-49-49-86-96
Cash Flow From Investing Activity -2-10-4-6-121-521-78-71-768
Capex -7-11-9-11-19-18-82-85-62-47
Net Investments 6014-10211104000
Others -114112-17-9-722
Cash Flow From Financing Activity -13-18-25-20-35-35-118-55-50481
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00000020-500
Interest Paid 000000-12-6-3-16
Dividend Paid -12-15-16-17-29-29-30-34-40-40
Others -1-3-9-4-6-6-96-9-7538
Net Cash Flow 1475134-99147633-9564
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)44.0334.3729.8128.8428.825.725.3318.1229.3-21.58
ROCE (%)63.5350.0444.5944.3144.2639.6834.5723.2836.92-14.01
Asset Turnover Ratio1.791.821.461.051.071.231.390.941.110.72
PAT to CFO Conversion(x)0.550.641.430.870.660.61.271.220.1N/A
Working Capital Days
Receivable Days72808576787765887171
Inventory Days50515048495152848891
Payable Days80748894938773125134135

RHI Magnesita India Ltd Stock News

RHI Magnesita India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of RHI Magnesita on 28-Mar-2024 16:01 is ₹549.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of RHI Magnesita stood at ₹11,499.
The latest P/E ratio of RHI Magnesita as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of RHI Magnesita as of 28-Mar-2024 16:01 is 2.78.
The 52-week high of RHI Magnesita is ₹830.0 and the 52-week low is ₹503.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of RHI Magnesita is ₹2,728 ( Cr.) .

About RHI Magnesita India Ltd

Orient Refractories Limited, an ISO 9001 Quality Certified Company, is engaged in the business of manufacturing and selling of Refractories and Monolithics. The company is domiciled and incorporated in India and publicly traded on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) in India.

Business area of the company

The Company offers a wide range of Refractory and Monolithic products for the iron and steel industry and enjoy large domestic and international clientele.

Products

The Company provides a wide range of special refractories and monolithics to meet the needs of the iron and steel industry. The product range includes the following:

  • Isostatically pressed Continuous Casting Refractories
  • Slide gate plates
  • Nozzles and Well Blocks
  • Tundish Nozzles
  • Bottom Purging Refractories and Top Purging Lances
  • Slag Arresting Darts
  • Basic Spray Mass for Tundish working lining
  • Castables
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