RHI Magnesita India Ltd
NSE: RHIM · Electrodes & Refractories · sector
₹349.30NSE close 2026-10-26
Key numbers
Market cap₹7,213 cr
Price₹349.30
52w high / low₹500 / ₹323
P/E–Sector median 30.2x
P/B2.0xSector median 2.2x
Book value₹172.4
Dividend yield0.72%Sector median 1.00%
ROE-9.4%Sector median 9.4%
ROCE-6.2%Sector median 12.3%
OPM-1.9%Sector median 10.8%
Debt / equity0.09xSector median 0.04x
EV/EBITDA–Sector median 20.3x
Interest cover-6.3x
Current ratio2.75x
Sales growth 3y+13.8%Sector median +6.9%
Profit growth 3y–Sector median -4.2%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 10 companies in Electrodes & Refractories (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹391 cr vs borrowings ₹322 cr (FY26): cash is higher (net cash).
- Operating profit covered interest -6.3x in the last 12 months.
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Debtor days went from 79 (FY24) to 64 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹349.30 on 2026-10-26: -30.1% from the 52-week high, +8.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹625.80 · low ₹340.60
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 867 | 1,011 | 918 | 960 | 1,035 | 1,092 | 932 | 1,014 |
| EBITDA | 107 | 125 | 93 | 102 | 109 | 143 | -469 | 138 |
| OPM % | 12.4% | 12.4% | 10.1% | 10.6% | 10.6% | 13.1% | -50.3% | 13.6% |
| Other income | 15 | 7 | 1 | 1 | 1 | 2 | 25 | 9 |
| Net profit | 46 | 48 | 36 | 35 | 38 | 62 | -518 | 65 |
| EPS (₹) | 2.22 | 2.30 | 1.75 | 1.71 | 1.85 | 2.99 | -25.09 | 3.13 |
| Revenue YoY | +19.4% | +8.0% | +1.6% | +5.6% | ||||
| Profit YoY | -16.5% | +29.5% | -1,532.0% | +83.2% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,995 | 2,726 | 3,781 | 3,674 | 4,020 | 4,074 |
| EBITDA | 384 | -301 | 220 | 479 | -114 | -79 |
| Net profit | 269 | -466 | -100 | 203 | -383 | -354 |
| EPS (₹) | 16.71 | -27.85 | -4.88 | 9.81 | -25.09 | -17.12 |
| Revenue growth | +36.6% | +38.7% | -2.8% | +9.4% | +8.4% | |
| Profit growth | -273.3% | – | – | -289.1% | -314.4% | |
| Dividend / share (₹) | 2.50 | 2.50 | 2.50 | 2.50 | 2.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +13.8% | +24.0% | +8.5% |
| Net profit | – | – | -314.4% |
| EPS | – | – | – |
| Share price | – | -22.1% (2y) | -20.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 2,891 | 3,846 | 3,999 | 3,560 |
| Borrowings | – | 1,493 | 363 | 246 | 322 |
| Cash & equivalents | – | 326 | 53 | 99 | 391 |
| Total assets | – | 5,893 | 5,116 | 5,176 | 4,861 |
| Fixed assets | – | 884 | 870 | 856 | 872 |
| Capital work in progress | – | 39 | 49 | 63 | 48 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 787 | 817 | 733 | 703 |
| Inventory | – | 956 | 905 | 1,074 | 1,099 |
| Payables | – | 872 | 583 | 622 | 678 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 27 | 238 | 271 | 373 | 409 |
| Cash from investing | -70 | -1,150 | -312 | -113 | -339 |
| Cash from financing | -50 | 1,172 | -231 | -213 | -9 |
| Capex | 62 | 45 | 82 | 119 | 136 |
| Free cash flow | -35 | 193 | 188 | 254 | 273 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -16.1% | -2.6% | 5.1% | -10.8% |
| ROCE % | – | -8.1% | 1.2% | 7.2% | -7.3% |
| Debtor days | – | 105 | 79 | 73 | 64 |
| Inventory days | – | 204 | 148 | 179 | 163 |
| Payable days | – | 186 | 95 | 104 | 101 |
| Cash conversion cycle (days) | – | 123 | 132 | 148 | 126 |
| Working capital days | – | 4 | 127 | 148 | 150 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 56.07% |
| FIIs | 3.16% |
| DIIs | 26.07% |
| of which Mutual funds | 23.47% |
| of which Insurance | 0.32% |
| Public (non-institutions) | 14.69% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 56.07% | 56.07% | 56.07% | 56.07% | 56.07% | 56.07% | 56.07% | 56.07% |
| Promoter group | % |
|---|---|
| Dutch US Holding BV | 40.03% |
| Dutch Brasil Holding B.V. | 9.99% |
| VRD Americas B.V. | 6.06% |
| Public holders above 1% | % |
|---|---|
| SBI Small CAP Fund | 8.10% |
| Bandhan Flexi CAP Fund | 3.64% |
| ICICI Prudential Manufacturing Fund | 2.38% |
| Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C AX | 2.35% |
| Nippon Life India Trustee Ltd-a/c Nippon India Small CAP Fund | 2.23% |
| Clarus Capital I | 1.97% |
| Investor Education and Protection Fund Authority Ministry of Corporate Affairs | 1.52% |
| Bajaj Finserv Flexi CAP Fund | 1.33% |
| HDFC Trustee Company Ltd. A/C HDFC Balanced Advantage Fund | 1.15% |
67,483 shareholders. Pledged: – of promoter shares.
Peers in Electrodes & Refractories
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| GRAPHITE | ₹14,353 cr | 67.4x | 2.5x | 3.6% | 5.1% | 2.6% | -3.6% | 1.50% |
| VESUVIUS | ₹7,824 cr | 30.6x | 4.5x | 15.7% | 19.9% | 16.7% | – | – |
| RPEL | ₹7,784 cr | 110.4x | 27.6x | 28.4% | 31.4% | 29.9% | – | 0.06% |
| RHIM | ₹7,213 cr | – | 2.0x | -9.4% | -6.2% | -1.9% | +13.8% | 0.72% |
| HEGAM | ₹3,956 cr | 11.0x | 0.8x | 7.8% | 6.3% | 10.0% | +1.4% | 0.92% |
| IFGLEXPOR | ₹1,159 cr | 28.3x | 1.0x | 3.6% | 4.9% | 6.8% | +11.0% | 2.18% |
| FOSECOC | ₹990 cr | 38.0x | 7.1x | 17.1% | 23.6% | 19.7% | +3.6% | 1.07% |
| ORIENTCER | ₹454 cr | 17.4x | 1.5x | 8.9% | 12.1% | 11.7% | +10.1% | 0.68% |
| DENORA | ₹368 cr | 30.2x | 2.8x | 9.8% | 12.6% | 8.6% | +18.2% | – |
| PANCARBON | ₹180 cr | 9.4x | 1.0x | 10.7% | 14.6% | 30.5% | +3.0% | 3.19% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-11 | Dividend | Dividend - Rs 2.50 Per Share |
| 2025-09-12 | Dividend | Dividend - Rs 2.50 Per Share |
| 2024-09-05 | Dividend | Dividend - Rs 2.50 Per Share |
| 2023-09-14 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2022-09-14 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2021-09-17 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2020-08-07 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Sh |
| 2019-06-28 | Dividend | Annual General Meeting/ Dividend - Rs 2.50 Per Share |
| 2018-08-24 | Dividend | Annual General Meeting/Dividend-Rs 2.50 Per Share |
| 2017-09-08 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2016-09-12 | Dividend | Annual General Meeting/Dividend - Rs 1.45 Per Share |
| 2015-09-04 | Dividend | Annual General Meeting/ Dividend - Re 1.40/- Per Share |
| 2014-09-09 | Dividend | Annual General Meeting / Final Dividend - Rs 1.25/- Per Share |
| 2013-09-10 | Dividend | Annual General Meeting And Dividend Re.1/- Per Share |
| 2012-09-14 | Other | Annual General Meeting |
| 2012-05-08 | Dividend | Interim Dividend Re.1/- Per Share (Purpose Revised) |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing, Trading and Sale of Refractories and Services thereof.: The Company is one of the prominent manufacturer and trader of specialized refractory products and total refractory solution provider.
| Sector | Industrials |
| Industry | Electrodes & Refractories |
| Sub-industry | Electrodes & Refractories |
| Symbol | RHIM |
| BSE code | 534076 |
| ISIN | INE743M01012 |
| Face value | ₹1.0 |
| Incorporated | 2010-11-20 |
| Website | www.rhimagnesitaindia.com |
| Plants (India / abroad) | 4 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.