RHI MAGNESITA INDIA LIMITED
₹348.25-₹1.55 (-0.4%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹9,221 Cr
- P/E
- 51.1x
- EV / EBITDA
- 74.9x
- Revenue
- ₹2,892 Cr
- Net margin
- -1.9%
- ROCE
- 10.7%
Price chart
Technical chartScreen technicals →-26.3% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -9.6%
- 3M
- -10.7%
- 6M
- -13.7%
- 1Y
- -26.3%
- 5Y
- -1.1%
52-week range
Day change -₹1.55 (-0.4%) from ₹350 to ₹348 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in RHIM, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 32.3%
Concerns1
- Net profit declined 505.5% year-over-year
Rule-based from financial data. Not advice.
About the company
RHI Magnesita India Limited engages in the manufacture and trading of refractories, monolithics, bricks, and ceramic paper in India and internationally.
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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.
- Sector
- Industrials
- Shares outstanding
- 20.6 Cr shares
- ISIN
- INE743M01012
- BSE code
- 534076
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹9,221 Cr
- P/E
- 51.1x
- P/B
- 2.3x
- EV / EBITDA
- 74.9x
- EV / Sales
- 3.2x
- P/S
- 3.3x
- Earnings yield
- 2.0%
- 52-week high
- ₹492.00
- 52-week low
- ₹334.00
Profitability
- Operating margin
- 15.2%
- Net margin
- -1.9%
- EBITDA margin
- 4.2%
- ROE
- -1.4%
- ROCE
- 10.7%
- ROA
- -1.2%
- Dividend payout
- -93.0%
- Tax rate
- 261.0%
- Other income, % of PBT
- -908.8%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,892 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 2.4%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 32.3%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹120 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 142.6%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -505.5%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹87.0 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -75.2%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹39.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 4.2%
Solvency and efficiency
- Current ratio
- 5.85
- Debt / Equity
- 0.03
- Debt / Assets
- 0.02
- Debt / EBITDA
- 0.93
- Interest coverage
- 25.24
- Financial leverage
- 1.18
- CFO / Net profit
- -1.58
- Cash / Market cap
- 18.5%
- Cash per share
- ₹82.74
- Asset turnover
- 0.61
- Fixed asset turnover
- 2.77
- Capital intensity
- 0.36
- Debtor days
- 91 days
- Inventory turnover
- 2.83
- Cash conversion cycle
- 117 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹8 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹2,506 Cr |
| Sales | Operating profit | ₹386 Cr |
| Operating profit | Interest | ₹11 Cr |
| Operating profit | Depreciation | ₹77 Cr |
| Operating profit | Profit before tax | ₹298 Cr |
| Other income | Profit before tax | ₹3 Cr |
| Profit before tax | Tax and other | ₹78 Cr |
| Profit before tax | Net profit | ₹223 Cr |
Revenue and net profit
Revenue grew 2.4% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹1,366 Cr | ₹136 Cr |
| FY2022 | ₹1,991 Cr | ₹268 Cr |
| FY2023 | ₹2,488 Cr | -₹427 Cr |
| FY2024 | ₹2,824 Cr | -₹55 Cr |
| FY2025 | ₹2,892 Cr | ₹223 Cr |
Cash flows
FY2025: ₹259 Cr from operations, ₹174 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹166 Cr | ₹88 Cr |
| FY2022 | ₹26 Cr | -₹45 Cr |
| FY2023 | ₹351 Cr | -₹417 Cr |
| FY2024 | ₹87 Cr | -₹563 Cr |
| FY2025 | ₹259 Cr | ₹174 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹2,892 Cr+2.4%1Y
- Net profit
- ₹223 Cr
- Cash from operations
- ₹259 Cr
- Free cash flow
- ₹174 Cr
- Revenue CAGR, 5Y
- 32.3%
- EBITDA CAGR, 5Y
- -1.3%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹2,892 Cr | ₹386 Cr | — | ₹223 Cr | ₹259 Cr | ₹174 Cr | 5.5% | +2.4% | -505.5% |
Monthly returns
Month-by-month returns of RHIM across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹4,740 Cr |
| Equity capital | ₹21 Cr |
| Reserves | ₹4,055 Cr |
| Borrowings | ₹45 Cr |
| Other liabilities | ₹620 Cr |
| Assets | ₹4,740 Cr |
| Fixed assets | ₹1,016 Cr |
| Capital work in progress | ₹50 Cr |
| Investments | ₹1,865 Cr |
| Other assets | ₹1,810 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
RHIM trades at 51.1x earnings against a peer median of 38.3x (a 34% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| RHI MAGNESITA INDIA LIMITEDRHIMthis companyP/E ↑ premium | ₹9,221 Cr | 51.1x | 2.3x | -1.4% | 74.9x |
| Aequs LimitedAEQUS | ₹9,489 Cr | 989.0x | — | -22.7% | -89.2x |
| NCC LimitedNCC | ₹9,406 Cr | 13.1x | 1.2x | 9.3% | 4.3x |
| Astra Microwave Products Ltd.ASTRAMICRO | ₹9,363 Cr | 63.5x | 8.1x | 11.7% | 45.3x |
| SKF India Ltd.SKFINDUS | ₹9,269 Cr | 23.2x | 3.4x | — | — |
| G R Infraprojects LimitedGRINFRA | ₹9,104 Cr | 10.6x | 1.1x | 27.5% | 3.2x |
| Vesuvius India Ltd.VESUVIUS | ₹9,019 Cr | 37.0x | 5.9x | — | — |
| Elecon Engineering Co.Ltd.ELECON | ₹8,982 Cr | 24.1x | 4.7x | 22.5% | 19.5x |
| ramkrishna forgings Ltd.RKFORGE | ₹8,975 Cr | 36.6x | 2.9x | 10.5% | 12.4x |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
RHIM since 1 January, against earlier years.
Historical volatility
RHIM's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 15.0% |
| FY2022 | 19.0% |
| FY2023 | 15.0% |
| FY2024 | 15.0% |
| FY2025 | 13.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹2,892 Cr |
| Costs | |
| Interest | ₹11 Cr |
| Expenses | ₹2,506 Cr |
| Operating profitOperating Profit | ₹386 Cr |
| Other income and charges | |
| Profit before tax | ₹301 Cr |
| Tax | |
| Net profitNet Profit | ₹223 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹4,740 Cr |
| Equity capitalEquity Capital | ₹21 Cr |
| Reserves | ₹4,055 Cr |
| Borrowings | ₹45 Cr |
| Other liabilitiesOther Liabilities | ₹620 Cr |
| AssetsTotal Assets | ₹4,740 Cr |
| Fixed assetsFixed Assets | ₹1,016 Cr |
| Capital work in progressCWIP | ₹50 Cr |
| Investments | ₹1,865 Cr |
| Other assetsOther Assets | ₹1,810 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹259 Cr |
| Investing cash flowCash from Investing Activity | -₹85 Cr |
| Financing cash flowCash from Financing Activity | -₹135 Cr |
| Change in cashNet Cash Flow | ₹39 Cr |
Learn while you research
Academy chapters picked for RHI MAGNESITA INDIA LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 51.1, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read