RHI MAGNESITA INDIA LTD.

NSE: RHIM · Electrodes & Refractories

52W Range₹323 ₹538

Snapshot

Unlock RHI MAGNESITA INDIA LTD.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

RHI Magnesita India Limited is a leading manufacturer and supplier of high-grade refractory products, including monolithics, bricks, and ceramic paper. The company primarily serves the iron and steel industry, alongside sectors such as cement, non-ferrous metals, glass, and energy.

Business Model

The company generates revenue through the manufacturing and trading of specialized refractory solutions and the provision of associated management services. It operates as a subsidiary of Dutch US Holding B.V. and maintains a global footprint by exporting to approximately 70 countries.

  • Export reach:70 countries
  • Incorporation year:2010

Growth Outlook

Growth is driven by the sustained demand for high-performance refractories within the domestic steel industry and the expansion of its global export network. The company continues to leverage its technical expertise to provide comprehensive lining management services to industrial clients.

Key Risks

  • Cyclicality of Steel Industry. The company's financial performance is highly sensitive to the capital expenditure and production cycles of the global steel sector.
  • Raw Material Price Volatility. Fluctuations in the cost of essential raw materials like magnesite and alumina can significantly impact operating margins.
  • Geopolitical and Trade Risks. As an exporter to 70 countries, the company is exposed to international trade barriers, currency fluctuations, and geopolitical instability.

Price

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Key Metrics

REVENUE

₹4,020 Cr

TTM · consolidated

+9.4%YoY

NET PROFIT

₹-383 Cr

TTM · consolidated

-289.1%YoY

EPS

₹-18.54

TTM · consolidated

-289.2%YoY

RETURN ON EQUITY

-9.8%

TTM · consolidated

-15.0 ppYoY

RETURN ON CAPITAL EMPLOYED

-6.6%

TTM · consolidated

-13.8 ppYoY

P/E

-21.9x

Q4 FY26 · consolidated

-21.9 vs -13.7x5Y avg

EV/EBITDA

18.2x

Q4 FY26 · consolidated

18.2 vs 22.1x5Y avg

EBITDA MARGIN

11.7%

TTM · consolidated

-2.0 ppYoY

NET PROFIT MARGIN

-55.6%

Q4 FY26 · consolidated

-59.5 ppYoY

DEBT TO EQUITY

0.1x

Q4 FY26 · consolidated

+0.03xYoY

Peers · Electrodes & Refractories

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
RHI MAGNESITA INDIA LTD.RHIM
7,153-21.8918.169.4%11.7%-9.8%-6.6%-15.8%
Graphite India Ltd.GRAPHITE
11,29141.3623.1437.4%16.2%5.2%7.2%+11.6%
H.E.G. Ltd.HEG
9,53434.9323.1919.3%20.9%7.5%7.0%+14.1%
Vesuvius India LimitedVESUVIUS
9,32236.4821.9911.8%19.8%17.5%23.1%-9.1%
Raghav Productivity Enhancers Ltd.RPEL
2,830109.1677.3628.8%30.1%26.5%32.5%+85.3%
IFGL Refractori.IFGLEXPOR
1,00145.5511.8114.6%7.7%3.1%5.0%-61.3%

As of Q4 FY26

Financials