R

RHI MAGNESITA INDIA LIMITED

RHIMNSE
Market snapshot · 2026-08-10 20:44 UTC

423.35

+₹10.55 (+2.56%)

MARKET CAP

₹8.74K Cr

STOCK P/E

52W HIGH

₹515.55

52W LOW

₹323.05

BOOK VALUE

₹172.42

EPS

₹-18.53

ROE

-10.13%

SECTOR

Materials

DEBT/EQUITY

12.60

VOLUME

16.16L

P/B RATIO

2.46x

PEG RATIO

Sector

Materials

Themes

Cement
D
Dividend
₹485.85₹447.91₹409.98₹372.04₹334.10VolumeDAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

RHI Magnesita India is a refractory manufacturer and trader serving steel and industrial customers in India and overseas. Its portfolio spans monolithics, bricks, ceramic paper, and continuous-casting products, while full-line refractory management and engineering services support project revenues. Revenue grew 9.4% year-on-year, but declining margins and a 289.1% profit contraction indicate weak operating conversion. The MinPro partnership with Khemka Refractories could add recycling capacity and improve material efficiency, though financial benefits remain unproven. Earnings quality is poor, with negative 10.1% ROE and substantial margin compression. Debt-to-equity of 12.6 implies severe leverage, magnifying the drag on shareholder returns and increasing refinancing sensitivity. P/E is unavailable after the loss, preventing a conventional valuation comparison with the sector or growth rate. The stock therefore appears difficult to value rather than clearly cheap, with the MinPro subsidiary, operating recovery, and balance-sheet repair as key open questions.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for RHIM.

3.00 analysts

Price Forecast

Current
₹423.35
High Target
₹589.00
▲ +39.1%
Median Target
₹557.00
▲ +31.6%
Low Target
₹488.00
▲ +15.3%
Now₹423.35High ₹589.00Median ₹557.00Low ₹488.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
3 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹329.59 - ₹549.8380%
6M₹298.09 - ₹614.6980%
12M₹259.45 - ₹722.0480%
Realized vol: +39.9% · Drift: +10.2%

Revenue Forecast

₹ Cr
Dec '25Current₹903.0
Sep 2026 ETrend estimate range
High₹1,123.1Base₹1,039.9Low₹956.7
Mar '25: ₹755.0 · Jun '25: ₹805.0 · Sep '25: ₹862.0 · Dec '25: ₹903.0 · Sep '26: ₹1,039.9 · Dec '26: ₹1,089.4
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E755.0805.0862.0903.01,039.91,089.4
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Dec '25Current₹3.34
Sep 2026 ETrend estimate range
High₹1.97Base₹1.76Low₹1.55
Mar '25: ₹1.76 · Jun '25: ₹2.25 · Sep '25: ₹2.00 · Dec '25: ₹3.34 · Sep '26: ₹1.76 · Dec '26: ₹2.94
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E1.762.252.003.341.762.94
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
66%
Analyst Consensus
Unavailable

From 3 analysts

Mean upside+28.7%

Fundamentals

Weakening

Fundamentals institutional score is 33 using EVA spread proxy -22.1%; growth durability 82.8.

Valuation

Attractive relative to peers

Valuation institutional score is 72 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 87 using mean target upside 28.7%; dispersion penalty 7.4; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 93 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 9 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. valuation and analyst consensus provide support, while fundamentals and market sentiment remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals WeakeningValuation Attractive relative to peersAnalyst Consensus PositiveTechnical Structure Strong TrendMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price544.7 target
Mean Upside+28.7%
Technical Score93%
Fundamental Score33%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Forward Valuation Outlook

Forward outlook is unavailable because live next-12-month estimate data is not available for this ticker right now.

EV/EBITDA
Strongly Undervalued

5Y Average

25.68

Current

19.91

Overvalued

29.96

Undervalued

20.89

P/B
Fair

5Y Average

2.32

Current

2.46

Overvalued

2.66

Undervalued

1.97

P/S
Strongly Undervalued

5Y Average

2.80

Current

2.17

Overvalued

3.23

Undervalued

2.38

Peers & Comparison

Sector: Materials · Theme: Cement

Cement Peers8 peers
Avg P/E: 44.2x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
+8.9%3.3%
31.2x
Undervalued
-29% vs avg
-22.4%
STAR CEMENT LIMITED
STARCEMENTCement
+4.3%9.7%
21.7x
Undervalued
-51% vs avg
-23.4%
JK LAKSHMI CEMENT LTD
JKLAKSHMICement
+9.4%5.3%
18.8x
Undervalued
-57% vs avg
-37.5%
PRISM JOHNSON LIMITED
PRSMJOHNSNCement
-0.8%2.5%
49.3x
Fair
+12% vs avg
-22.2%
JK CEMENT LIMITED
JKCEMENTCement
+28.0%6.6%
44.1x
Fair
0% vs avg
-22.7%
ACC LIMITED
ACCCement
-3.8%7.6%
13.4x
Undervalued
-70% vs avg
-23.7%
-0.5%2.1%
131.2x
Premium
+197% vs avg
+11.5%
JSW CEMENT LIMITED
JSWCEMENTCement
+13.1%-11.4%
-8.1%
WHY THESE PEERS

RHI MAGNESITA INDIA LTD is compared against the Cement cohort. Peers include NUVOCO VISTAS CORP LTD, STAR CEMENT LIMITED, JK LAKSHMI CEMENT LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹903 CrDec 2025

Latest net profit

₹69 CrDec 2025

Latest EPS

₹3.34Dec 2025

Net margin

10.4%Dec 2025

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.0%3.0%6.0%9.0%12.0%0.00 Cr250 Cr500 Cr750 Cr1.00K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.00 Cr250 Cr500 Cr750 Cr1.00K Cr₹0₹1₹2₹3₹3
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOperatingprofitOther incomeInterestProfitbefore taxTax & otherNet Profit0.00 Cr250 Cr500 Cr750 Cr1.00K Cr

Latest reported period: Dec 2025

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales640677718692736701661774755805862903
Expenses586576616603609573574678685723785788
Operating Profit40.4685.7685.2370.9511010967.1276.5951.5763.0256.5793.78
OPM %6.32%12.66%11.87%10.25%15%15.6%10.16%9.89%6.83%7.83%6.56%10.38%
Other Income5.211.622.171.22.442.641.482.810.730.60.96
Interest14.817.130.773.025.12.892.984.090.761.421.571.82
Depreciation13.4115.4416.7618.6717.2818.4519.4219.9219.3619.0520.8521.22
Profit before tax30.8680.2586.6369.1310810965.6275.3150.8162.3355.692.92
Tax %28.32%25.6%26.63%25.69%27.6%25.18%25.65%26.85%28.38%25.33%25.74%25.25%
Net Profit22.1259.7163.5651.3778.0381.6448.7955.0936.3946.5441.2969.46
EPS in Rs-34.182.943.082.49-11.143.952.362.721.762.252.003.34

All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters56.07%56.07%56.07%56.07%56.07%
FII4.99%5.00%5.01%4.64%4.38%
DII12.96%12.53%12.38%12.77%13.45%
Public9.12%9.42%9.56%9.41%9.10%
Others16.86%16.98%16.98%17.11%17.00%
Mar 2026
Promoters
FII
DII
Public
Others

Events Timeline

Concall Transcript - FY2027

Jun 19, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

Jun 03, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

May 30, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

May 26, 2026PDFKnowledge Base Open

Ppt for earnings call Feb 2026

Feb 01, 2026PDFKnowledge Base Open