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RHI Magnesita India Ltd (RHIM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 534076 NSE: RHIM Refractories | Small Cap | RHI Magnesita India Share Price

₹379.55 -3.30 (-0.86%)

As on 24-Jun'26 16:59

RHI Magnesita India Ltd (RHIM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 534076 NSE: RHIM Refractories | Small Cap | RHI Magnesita India Share Price

₹379.55 -3.30 (-0.86%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹7,838 Cr.
Current Price
₹379.6
52-Week Low / High
₹323 / 538
TTM EPS
₹-22.7
TTM Sales
₹3,357 Cr.
Book Value per Share
₹172.1
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
48.8
Price to Book (P/B)
2.21
Lower than its 5-year historical median
Price to Sales (P/S)
2.34
Lower than its 5-year historical median
EV/EBITDA
22.20
Lower than its 5-year historical median
Dividend Yield
0.66%
Profitability Efficiency
Return on Equity (ROE)
5.59%
Underperforms industry median
Return on Capital Employed (ROCE)
7.76%
Underperforms industry median
Return on Assets (ROA)
4.25%
Operating Profit Margin
13.7%
Net Profit Margin
7.71%
Gross Profit Margin
13.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
2.4%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-8.95%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
56.07%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3,532 Cr.
Equity
₹20.7 Cr.
Face Value
₹1
All Time Low / High
₹22.75 / 893.15

RHI Magnesita India stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is RHI Magnesita India Ltd a good quality company?
RHI Magnesita India Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does RHI Magnesita India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of RHI Magnesita India Ltd vs industry peers?
RHI Magnesita India Ltd revenue CAGR is 15.88%, compared to the industry median CAGR of 4.42%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of RHI Magnesita India Ltd?
Promoters hold 56.07% of the RHI Magnesita India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of RHI Magnesita India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 17.1% based on the current price.

10 Year X-Ray : Login to view analysis.

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 44.6%44.3%44.3%39.7%34.6%23.3%36.9%-14%1.4%7.8%-
Value Creation
Index
2.22.22.21.81.50.71.7-2.0-0.9-0.4-

Growth Parameters

Sales 4595196287481,3841,3661,9952,4882,8242,8923,357
Sales YoY Gr.-13.2%21%19%85%-1.3%46%24.7%13.5%2.4%-
Adj EPS 4.55.477.411.611.116.8-22.2-2.111.2-22.7
YoY Gr.-19.6%28.2%6%57.5%-4.2%51.1%-232%NANA-
BVPS (₹) 1722.826.931.358.266.763.8155.8188.9197.4172.1
Adj Net
Profit
54.665.283.688.7140134271-417-43.6231-468
Cash Flow from Ops. 80.260.457.254.317316626.535186.9259-
Debt/CF from Ops. 00000.40.42.21.70.80-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 22.7%15.9%13.2%2.4%
Adj EPS 10.5%-0.8%-12.7%NA
BVPS31.3%27.7%45.7%4.5%
Share Price 15.8% 3% -17.1% -21.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
29.227.32825.425.917.729.6-21.1-1.35.8-12.3
Op. Profit
Mgn %
18.72020.417.315.915.119.715.315.613.710.3
Net Profit
Mgn %
11.912.613.311.910.19.813.6-16.8-1.58-13.9
Debt to
Equity
00000.10.10.10.2000
Working Cap
Days
184259247208189279253265270286110
Cash Conv.
Cycle
7460626861856560679969

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales4595196287481,3841,3661,9952,4882,8242,892
Operating Expenses + 3744155006191,1691,1611,6082,1242,4032,508
Manufacturing Costs49526477139129180243279296
Material Costs2552913474458628531,1911,5781,7491,810
Employee Cost 3943475492105123171231250
Other Costs 303042437674114132144152
Operating Profit 85104128129215206387364422384
Operating Profit Margin (%) 18.6%20.0%20.4%17.3%15.5%15.0%19.4%14.6%14.9%13.3%
Other Income + 581118101571575
Exceptional Items 0000000-661-3090
Interest 01111474211711
Depreciation 6679263034426877
Profit Before Tax 85105131138185184356-34534301
Tax 29364548494888829078
Profit After Tax 56698690136136268-427-55223
PAT Margin (%) 12.2%13.3%13.7%12.0%9.9%10.0%13.4%-17.2%-2.0%7.7%
Adjusted EPS (₹)4.75.77.17.511.311.316.6-22.7-2.710.8
Dividend Payout Ratio (%)31.20%43.60%35%33.40%22%22.10%15%-11%-93.20%23.20%

Valuation of RHI Magnesita India - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2052733233767008011,0272,9283,9024,075
Share Capital 12121212121216192121
Reserves 1932613113646887891,0112,9103,8814,055
Debt +000066603354470
Long Term Debt0000586033000
Short Term Debt000080054470
Minority Interest0000000000
Trade Payables7278100111235348526645491529
Others Liabilities 148283133176323369442763752741
Total Liabilities 4246345566641,3221,5782,0294,8805,1535,345

Fixed Assets

Net Fixed Assets +383740602232392781,0301,0211,016
Gross Block734353812803213911,1801,2301,289
Accumulated Depreciation34613215783113150209274
CWIP 2514394634273450
Investments 001081031010101,7181,8651,865
Inventories648191117277353608634619771
Trade Receivables119114159157332327450511701606
Cash Equivalents 761111328121154711223573
Others Assets 125286131195350449578837877964
Total Assets 4246345566641,3221,5782,0294,8805,1535,345

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 806057541731662635187259
PBT 85105131138185184356-34534301
Adjustment 402-840304073141791
Changes in Working Capital 19-8-32-28-42-28461-281-65
Tax Paid -28-37-44-48-49-49-86-96-84-68
Cash Flow From Investing Activity + -4-6-121-521-78-71-768-650-85
Capex -9-11-19-18-82-85-62-47-52-86
Net Investments 14-10211104-00-0-146-3
Others 4112-17-9-722-4525
Cash Flow From Financing Activity + -25-20-35-35-118-55-50481476-135
Net Proceeds from Shares 000000001,0800
Net Proceeds from Borrowing 000020-50000
Interest Paid 0000-12-6-3-17-16-11
Dividend Paid -16-17-29-29-30-34-40-40-52-52
Others -9-4-6-6-96-9-7538-537-72
Net Cash Flow 5134-99147633-9564-8739

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)29.8128.8428.825.725.3318.1229.3-21.58-1.625.59
ROCE (%)44.5944.3144.2639.6834.5723.2836.92-14.011.377.76
Asset Turnover Ratio1.461.051.071.231.390.941.110.720.560.55
PAT to CFO Conversion(x)1.430.870.660.61.271.220.1N/AN/A1.16
Working Capital Days
Receivable Days85.3076.3078.3077.3064.6088.1071.1070.5078.4082.50
Inventory Days50.1047.8049.4050.9052.1084.2087.9091.108187.70
Payable Days88.4093.7093.2086.6073.20124.50133.90135.40118.60102.80

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

RHI Magnesita India Ltd FAQs

The current trading price of RHI Magnesita India on 24-Jun-2026 16:59 is ₹379.6.

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 23-Jun-2026 the market cap of RHI Magnesita India stood at ₹7,837.8 Cr

The latest P/E ratio of RHI Magnesita India as of 23-Jun-2026 is 0.00.

The latest P/B ratio of RHI Magnesita India as of 23-Jun-2026 is 2.21.

The 52-week high of RHI Magnesita India is ₹537.8 and the 52-week low is ₹323.4.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of RHI Magnesita India is ₹3,357 ( Cr.) .

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

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

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

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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