RHI Magnesita India Ltd.
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ABOUT
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company is almost debt free
- Latest quarter profit grew 83.2% YoY, showing strong momentum
- Company has delivered good sales growth of 24.0% CAGR over last 5 years
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
CONS
- Company is loss-making at the operating / net level
- Recent results are weak - TTM profit is down 347.4% versus prior year
- Company has a low return on equity of -2.6% over last 3 years
- Company has a low return on capital employed of 0.5%
- Interest coverage is weak at -7.5x - earnings barely cover interest
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -3.75x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| RPEL | 1844.25 | 135.08 | 8469.16 | 0.05 | 19.57 | 67.60 | 86.91 | 48.72 | 31.26 | 29.62 |
| VESUVIUS | 413.95 | 32.80 | 8401.56 | 0.36 | 58.51 | -7.13 | 536.17 | 2.41 | 23.15 | 16.16 |
| RHIM | 376.20 | 0.00 | 7768.58 | 0.66 | 64.61 | 83.19 | 1013.97 | 5.59 | -6.95 | 13.58 |
| IFGLEXPOR | 205.60 | 36.19 | 1481.94 | 1.05 | 170.60 | 1478.17 | 5123.70 | 1028.54 | 4.62 | 7.22 |
| ORIENTCER | 45.54 | 20.86 | 544.84 | 0.77 | 8.57 | 99.19 | 100.65 | 2.23 | 6.18 | 16.11 |
| DALMIAREF | 112.50 | 5.17 | 35.46 | 0.89 | — | — | — | — | 5.89 | — |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 928 | 987 | 923 | 943 | 879 | 867 | 1,011 | 918 | 960 | 1,035 | 1,092 | 932 | 1,014 | |
| 795 | 839 | 806 | 795 | 725 | 760 | 886 | 825 | 858 | 926 | 949 | 845 | 936 | |
| Operating Profit | 133 | 148 | 117 | 148 | 154 | 107 | 125 | 93 | 102 | 109 | 143 | 87 | 78 |
| OPM % | 14.33% | 14.98% | 12.65% | 15.72% | 17.51% | 12.35% | 12.38% | 10.13% | 10.65% | 10.57% | 13.08% | 9.37% | 7.70% |
| 3 | 3 | 1 | -322 | 3 | 15 | 7 | 1 | 1 | 1 | 2 | -531 | 9 | |
| Interest | 26 | 9 | 16 | 13 | 11 | 10 | 13 | 9 | 8 | 9 | 11 | 8 | 10 |
| Depreciation | 46 | 44 | 48 | 44 | 48 | 50 | 55 | 47 | 47 | 49 | 49 | 51 | 50 |
| Profit before Tax | 64 | 98 | 54 | -231 | 98 | 62 | 64 | 38 | 48 | 52 | 84 | -503 | 87 |
| Tax % | 26.49% | 26.90% | 26.91% | -11.64% | 25.74% | 26.41% | 26.07% | 4.36% | 26.41% | 25.94% | 26.32% | -3.00% | 26.09% |
| Net Profit | 0 | 0 | 0 | 0 | 73 | 46 | 48 | 36 | 35 | 38 | 62 | -518 | 65 |
| 2.30 | 3.46 | 1.92 | -12.49 | 3.53 | 2.22 | 2.30 | 1.75 | 1.71 | 1.85 | 2.99 | -25.09 | 3.13 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 748 | 1,388 | 1,370 | 1,999 | 2,726 | 3,781 | 3,674 | 4,020 | 4,074 | |
| 619 | 1,172 | 1,164 | 1,611 | 2,367 | 3,234 | 3,195 | 3,586 | 3,656 | |
| Operating Profit | 129 | 215 | 206 | 389 | 360 | 547 | 479 | 434 | 418 |
| OPM % | 17.27% | 15.51% | 15.06% | 19.44% | 13.20% | 14.47% | 13.04% | 10.79% | 10.26% |
| 18 | 10 | 15 | 7 | -645 | -315 | 27 | -519 | -519 | |
| Interest | 1 | 14 | 7 | 4 | 40 | 65 | 43 | 38 | 39 |
| Depreciation | 9 | 26 | 30 | 34 | 71 | 182 | 200 | 197 | 200 |
| Profit before Tax | 138 | 186 | 185 | 357 | -396 | -16 | 263 | -320 | -280 |
| Tax % | 34.68% | 26.87% | 25.98% | 24.75% | -17.50% | -545.62% | 22.90% | -19.75% | -26.15% |
| Net Profit | 90 | 136 | 137 | 269 | -466 | -100 | 203 | -383 | -354 |
| EPS | 7.48 | 8.44 | 8.49 | 16.71 | -27.85 | -4.86 | 9.81 | -18.54 | — |
| Dividend Payout % | 33.44% | 22.10% | 21.98% | 14.96% | -10.08% | -51.40% | 25.49% | -13.48% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 24%
- 3 Years:
- 14%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- 13%
- 5 Years:
- 0%
- 3 Years:
- -20%
- 1 Year:
- -22%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 0%
- 3 Years:
- -3%
- Last Year:
- -10%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 12 | 16 | 19 | 21 | 21 | 21 |
| Minority Interest | 0 | 0 | 0 | 0 | 89 | 0 | 0 | 0 |
| 364 | 687 | 790 | 1,013 | 2,872 | 3,825 | 3,978 | 3,540 | |
| 1 | 66 | 63 | 39 | 1,513 | 400 | 343 | 396 | |
| Trade Payables | 111 | 235 | 348 | 527 | 844 | 578 | 622 | 678 |
| 176 | 323 | 367 | 438 | 989 | 804 | 781 | 851 | |
| Total Liabilities | 664 | 1,324 | 1,580 | 2,032 | 6,326 | 5,627 | 5,744 | 5,486 |
| 60 | 228 | 243 | 282 | 3,258 | 2,805 | 2,730 | 2,128 | |
| Capital Work in Progress | 3 | 9 | 46 | 34 | 39 | 49 | 63 | 48 |
| 103 | 0 | 0 | 0 | 0 | 0 | 0 | 231 | |
| 117 | 278 | 353 | 608 | 956 | 905 | 1,074 | 1,099 | |
| 0 | 0 | 0 | 0 | 0 | 817 | 733 | 703 | |
| Cash & Bank | 28 | 127 | 160 | 78 | 326 | 53 | 99 | 160 |
| 353 | 683 | 777 | 1,030 | 1,746 | 998 | 1,046 | 1,118 | |
| Total Assets | 664 | 1,324 | 1,580 | 2,032 | 6,326 | 5,627 | 5,744 | 5,486 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 102 | 222 | 215 | 113 | 337 | 271 | 373 | 409 | |
| Cash from Investing | -5 | 26 | -79 | -70 | -1,150 | -312 | -113 | -339 |
| Cash from Financing | -35 | -118 | -54 | -50 | 1,172 | -231 | -213 | -9 |
| 14 | 81 | 33 | -93 | 260 | -272 | 47 | 61 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-09 - RHI MAGNESITA INDIA LTD has informed the Exchange about Schedule of meet
2026-09-09 - RHI MAGNESITA INDIA LTD has informed the Exchange about Schedule of meet
2026-09-07 - RHI MAGNESITA INDIA LTD has informed the Exchange about Copy of Newspaper Publication
2026-09-04 - RHI MAGNESITA INDIA LTD has informed the Exchange about General Updates
2026-09-04 - RHI MAGNESITA INDIA LTD has informed the Exchange regarding 'Business Responsibility and Sustainability Report'.
2026-09-04 - RHI MAGNESITA INDIA LTD has informed the Exchange regarding 'Notice of 16th Annual General Meeting'.
2026-09-04 - RHI MAGNESITA INDIA LTD has informed the Exchange regarding Notice of Annual General Meeting to be held on September 29, 2026
2026-09-02 - RHI MAGNESITA INDIA LTD has informed the Exchange about Copy of Newspaper Publication
2026-09-01 - RHI MAGNESITA INDIA LTD has informed the Exchange about Communication to shareholders on TDS for Dividend Income
News
Recent coverage and analyst commentary for RHIM
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