Rhetan TMT Ltd.

•
₹ 24.229.94%

2026-08-21

rhetan.comBSE: 543590NSE: RHETAN
Market Cap₹ 1,724 Cr.
Current Price₹ 22
High / Low₹ 35 / 20
Stock P/E0.0
Book Value₹ 1
Price to Book15.20
Dividend Yield0.00 %
ROCE4.6 %
ROE3.5 %
Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

PROS

  • Operating margins have improved to 10.7% from 6.9%
  • Company generates healthy free cash flow
  • Company maintains a comfortable, low leverage position

CONS

  • Receivables are growing faster than sales - a possible quality concern
  • A large part of profit comes from other income (46.2% of PBT)
  • Company has a low return on capital employed of 7.5%
  • Company has a low return on equity of 6.1% over last 3 years
  • Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -2.05x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
Metals & MiningIron & SteelSteel & Iron Products
Part ofNIFTY 50NIFTY 500NIFTY LARGEMIDCAP 250NIFTY 100NIFTY 200
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.JSWSTEEL1281.3012.64313336.020.554696.00112.5847364.0011.5520.6719.60
2.TATASTEEL184.0020.82229695.592.172385.2418.8260794.2915.2612.7015.40
3.SAIL172.5016.6871251.561.361644.05120.8026245.671.256.3915.92
4.JSL723.7518.3759667.370.55768.667.5611278.5410.5019.1912.09
5.APLAPOLLO2115.9047.8058749.740.40263.1110.945606.7112.0722.907.34
6.WELCORP1974.7022.5652090.740.251047.88200.114081.1214.9123.9432.17
7.SHYAMMETL988.7024.5727597.770.46350.7320.665455.0923.4513.8814.03
8.SARDAEN512.4515.9818057.780.39478.139.501608.04-1.0715.8441.59
9.JINDALSAW268.9526.3217199.570.7490.79-78.154452.319.0010.388.79
10.GPIL246.3020.5516578.390.41222.372.751750.4732.2923.5119.36
11.RATNAMANI2295.9537.1716092.770.44107.03-15.82971.63-15.6318.0116.69
12.RHETAN21.640.001724.440.003.16315.534.06-19.384.61-16.27
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023
24
23
Operating Profit
—
OPM %
—
Other Income
0
Interest
0
Depreciation
0
1
Tax %
20.00%
Net Profit
1
0
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
10
9
Operating Profit
—
OPM %
—
Other Income
0
Interest
0
Depreciation
0
1
Tax %
0.00%
Net Profit
1
0
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
12
10
Operating Profit
—
OPM %
—
Other Income
0
Interest
0
Depreciation
0
1
Tax %
11.97%
Net Profit
1
0
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
18
17
Operating Profit
—
OPM %
—
Other Income
0
Interest
0
Depreciation
0
1
Tax %
20.00%
Net Profit
1
0
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
19
18
Operating Profit
—
OPM %
—
Other Income
0
Interest
0
Depreciation
0
1
Tax %
19.80%
Net Profit
1
0
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
5
2
Operating Profit
—
OPM %
—
Other Income
0
Interest
0
Depreciation
0
2
Tax %
8.84%
Net Profit
2
0
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
6
4
Operating Profit
—
OPM %
—
Other Income
0
Interest
0
Depreciation
0
2
Tax %
12.03%
Net Profit
1
0
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
6
10
Operating Profit
—
OPM %
—
Other Income
3
Interest
0
Depreciation
-0
0
Tax %
-157.89%
Net Profit
0
0
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
5
4
Operating Profit
—
OPM %
—
Other Income
1
Interest
0
Depreciation
0
1
Tax %
0.00%
Net Profit
1
0
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
5
4
Operating Profit
—
OPM %
—
Other Income
2
Interest
0
Depreciation
0
3
Tax %
5.28%
Net Profit
3
0
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
6
4
Operating Profit
—
OPM %
—
Other Income
3
Interest
0
Depreciation
0
5
Tax %
12.60%
Net Profit
4
0
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
8
6
Operating Profit
—
OPM %
—
Other Income
2
Interest
0
Depreciation
0
4
Tax %
48.48%
Net Profit
2
0
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
4
5
Operating Profit
—
OPM %
—
Other Income
4
Interest
0
Depreciation
0
3
Tax %
4.51%
Net Profit
3
0
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
80
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020
20
19
Operating Profit
1
OPM %
3
Other Income
0
Interest
0
Depreciation
0
0
Tax %
641
Net Profit
-1
EPS
-15
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
-0
Minority Interest
0
Share of Associates
0
Adjusted EPS
-0
Mar 2021
52
50
Operating Profit
2
OPM %
3
Other Income
0
Interest
1
Depreciation
0
0
Tax %
25
Net Profit
0
EPS
1
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Mar 2022
67
62
Operating Profit
5
OPM %
7
Other Income
0
Interest
1
Depreciation
0
3
Tax %
18
Net Profit
2
EPS
2
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Mar 2023
86
78
Operating Profit
9
OPM %
11
Other Income
1
Interest
1
Depreciation
1
7
Tax %
24
Net Profit
5
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Mar 2024
65
58
Operating Profit
7
OPM %
12
Other Income
0
Interest
2
Depreciation
1
5
Tax %
26
Net Profit
4
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Mar 2025
37
33
Operating Profit
6
OPM %
15
Other Income
2
Interest
2
Depreciation
1
3
Tax %
9
Net Profit
3
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
TTM
23
19
Operating Profit
—
OPM %
—
Other Income
12
Interest
1
Depreciation
1
16
Tax %
19
Net Profit
13
EPS
—
Dividend Payout %
—
Minority Interest
0
Share of Associates
0
Adjusted EPS
—
Minority Interest
0
Share of Associates
0
Adjusted EPS
—

COMPOUNDED SALES GROWTH

10 Years:
—
5 Years:
13%
3 Years:
-18%

COMPOUNDED PROFIT GROWTH

10 Years:
—
5 Years:
—
3 Years:
28%

STOCK PRICE CAGR

10 Years:
—
5 Years:
—
3 Years:
—
1 Year:
—

RETURN ON EQUITY

10 Years:
—
5 Years:
8%
3 Years:
6%
Last Year:
4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

2023

Mar 10

11:4

Increase in Authorised Capital & Bonus issue & Stock Split & Inter alia, to consider and approve :- 1) To consider a proposal for sub-division / split of the Equity shares of the Company having a face value of Rs. 10/- each, subject to such regulatory/ statutory approvals as may be required, including the approval of the shareholders of the Company. 2) To consider increase in Authorized Share Capital of the Company. 3) To consider consequential amendment to the capital clause of Memorandum of Association of Company and Articles of Association, if any. 4) To consider Issue of Bonus Shares to the shareholders of the Company. 5) To fix date, time and venue for conducting the Extra Ordinary General Meeting of the Company and approving draft notice thereof. 6) To appoint a Scrutinizer to scrutinize the e-voting process in a fair and transparent manner for the Extra Ordinary General Meeting to be held. 7) Any other agenda with the permission of Chair.

Mar 2020
Equity Capital
4
-3
9
Trade Payables
5
16
Total Liabilities
30
9
Capital Work in Progress
0
1
8
0
Cash & Bank
0
12
Total Assets
30
Total Debt
24
Net Working Capital
5
Contingent Liabilities
0
Book Value per Share
-6.49
Face Value
100.00
Total Debt
24
Net Working Capital
5
Contingent Liabilities
0
Book Value per Share
-6.49
Face Value
100.00
Mar 2021
Equity Capital
11
-3
11
Trade Payables
4
16
Total Liabilities
40
9
Capital Work in Progress
0
1
12
0
Cash & Bank
0
18
Total Assets
40
Total Debt
25
Net Working Capital
11
Contingent Liabilities
0
Book Value per Share
64.91
Face Value
100.00
Total Debt
25
Net Working Capital
11
Contingent Liabilities
0
Book Value per Share
64.91
Face Value
100.00
Mar 2022
Equity Capital
13
10
12
Trade Payables
5
18
Total Liabilities
59
8
Capital Work in Progress
0
1
24
0
Cash & Bank
0
25
Total Assets
59
Total Debt
26
Net Working Capital
28
Contingent Liabilities
0
Book Value per Share
17.15
Face Value
10.00
Total Debt
26
Net Working Capital
28
Contingent Liabilities
0
Book Value per Share
17.15
Face Value
10.00
Mar 2023
Equity Capital
80
5
12
Trade Payables
6
10
Total Liabilities
113
9
Capital Work in Progress
0
1
32
0
Cash & Bank
0
71
Total Assets
113
Total Debt
18
Net Working Capital
79
Contingent Liabilities
0
Book Value per Share
1.06
Face Value
1.00
Total Debt
18
Net Working Capital
79
Contingent Liabilities
0
Book Value per Share
1.06
Face Value
1.00
Mar 2024
Equity Capital
80
9
15
Trade Payables
4
6
Total Liabilities
114
17
Capital Work in Progress
0
1
34
23
Cash & Bank
1
38
Total Assets
114
Total Debt
17
Net Working Capital
69
Contingent Liabilities
0
Book Value per Share
1.09
Face Value
1.00
Total Debt
17
Net Working Capital
69
Contingent Liabilities
0
Book Value per Share
1.09
Face Value
1.00
Mar 2025
Equity Capital
80
14
15
Trade Payables
5
10
Total Liabilities
124
16
Capital Work in Progress
2
3
40
23
Cash & Bank
0
40
Total Assets
124
Total Debt
23
Net Working Capital
73
Contingent Liabilities
0
Book Value per Share
1.12
Face Value
1.00
Total Debt
23
Net Working Capital
73
Contingent Liabilities
0
Book Value per Share
1.12
Face Value
1.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020
-12
Cash from Investing
-2
Cash from Financing
14
0
Free Cash Flow
-12
OCF / Net Profit
20.53
Cumulative 5-Year FCF
0
OCF / Net Profit
20.53
Cumulative 5-Year FCF
0
Mar 2021
-7
Cash from Investing
-0
Cash from Financing
7
0
Free Cash Flow
-7
OCF / Net Profit
-52.25
Cumulative 5-Year FCF
0
OCF / Net Profit
-52.25
Cumulative 5-Year FCF
0
Mar 2022
-14
Cash from Investing
-0
Cash from Financing
14
-0
Free Cash Flow
-15
OCF / Net Profit
-6.16
Cumulative 5-Year FCF
0
OCF / Net Profit
-6.16
Cumulative 5-Year FCF
0
Mar 2023
-44
Cash from Investing
-1
Cash from Financing
45
0
Free Cash Flow
-45
OCF / Net Profit
-8.17
Cumulative 5-Year FCF
0
OCF / Net Profit
-8.17
Cumulative 5-Year FCF
0
Mar 2024
14
Cash from Investing
-9
Cash from Financing
-4
1
Free Cash Flow
5
OCF / Net Profit
3.59
Cumulative 5-Year FCF
0
OCF / Net Profit
3.59
Cumulative 5-Year FCF
0
Mar 2025
5
Cash from Investing
-4
Cash from Financing
-2
-1
Free Cash Flow
3
OCF / Net Profit
1.61
Cumulative 5-Year FCF
-58
OCF / Net Profit
1.61
Cumulative 5-Year FCF
-58

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020
EPS (₹)
-14.51
Book Value (₹)
-6.49
Dividend per Share (₹)
0.00
Cash EPS (₹)
-0.02
Operating Margin %
3.24%
Net Margin %
-2.90%
ROE %
0.00%
ROCE %
1.72%
-1.90%
Debtor Days
134
Inventory Days
155
Payable Days
109
179
Debt to Equity (x)
-92.29x
Interest Coverage (x)
1.36x
1.34x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2021
EPS (₹)
1.18
Book Value (₹)
64.91
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.01
Operating Margin %
3.13%
Net Margin %
0.26%
ROE %
3.76%
ROCE %
4.11%
0.38%
Debtor Days
75
Inventory Days
70
Payable Days
39
107
Debt to Equity (x)
3.44x
Interest Coverage (x)
1.18x
1.72x
Revenue Growth %
160.34%
Operating Profit Growth %
151.26%
Net Profit Growth %
123.14%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
1.77
Book Value (₹)
17.15
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.06
Operating Margin %
6.88%
Net Margin %
3.50%
ROE %
15.56%
ROCE %
10.10%
4.75%
Debtor Days
98
Inventory Days
97
Payable Days
29
166
Debt to Equity (x)
1.17x
Interest Coverage (x)
3.26x
2.34x
Revenue Growth %
28.68%
Operating Profit Growth %
182.69%
Net Profit Growth %
1645.57%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
0.07
Book Value (₹)
1.06
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.08
Operating Margin %
10.59%
Net Margin %
6.30%
ROE %
10.14%
ROCE %
11.17%
6.32%
Debtor Days
104
Inventory Days
119
Payable Days
26
197
Debt to Equity (x)
0.21x
Interest Coverage (x)
6.51x
4.73x
Revenue Growth %
28.34%
Operating Profit Growth %
97.53%
Net Profit Growth %
131.10%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
0.05
Book Value (₹)
1.09
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.06
Operating Margin %
10.88%
Net Margin %
5.98%
ROE %
4.53%
ROCE %
6.60%
3.42%
Debtor Days
141
Inventory Days
187
Payable Days
34
294
Debt to Equity (x)
0.19x
Interest Coverage (x)
4.44x
4.00x
Revenue Growth %
-24.71%
Operating Profit Growth %
-17.72%
Net Profit Growth %
-28.56%
-28.57%
P/E (x)
171.92x
P/B (x)
7.67x
Dividend Yield %
0.00%
90.87x
Mar 2025
EPS (₹)
0.04
Book Value (₹)
1.12
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.05
Operating Margin %
10.71%
Net Margin %
8.33%
ROE %
3.51%
ROCE %
4.61%
2.60%
Debtor Days
226
Inventory Days
365
Payable Days
54
536
Debt to Equity (x)
0.25x
Interest Coverage (x)
3.18x
4.44x
Revenue Growth %
-42.62%
Operating Profit Growth %
-25.85%
Net Profit Growth %
-20.03%
-20.03%
P/E (x)
438.73x
P/B (x)
15.20x
Dividend Yield %
0.00%
248.45x

Shareholding Pattern

Numbers in percentages

TRADES
Jun 2024
62.12
0.00
DIIs
0.00
Government
0.00
37.88
Sep 2024
62.12
0.15
DIIs
0.00
Government
0.00
37.73
Dec 2024
62.12
0.00
DIIs
0.00
Government
0.00
37.88
Mar 2025
62.12
0.00
DIIs
0.00
Government
0.00
37.88
Jun 2025
62.12
0.00
DIIs
0.00
Government
0.00
37.88
Sep 2025
62.12
0.00
DIIs
0.00
Government
0.00
37.88
Dec 2025
62.12
0.63
DIIs
0.00
Government
0.00
37.25
Mar 2026
62.12
0.86
DIIs
0.00
Government
0.00
37.02
Jun 2026
62.12
0.34
DIIs
0.00
Government
0.00
37.55

Documents

Announcements

  • General Updates

    2026-08-19 - Rhetan TMT Limited has informed the Exchange about Captive Solar Power Project Update_19.08.2026

  • Copy of Newspaper Publication

    2026-08-13 - Rhetan TMT Limited has informed the Exchange about Copy of Newspaper Publication for the unaudited financial results for the first quarter ended June 30, 2026

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Nothing filed yet.