RHI Magnesita India Refractories Limited (RHIM) AI Stock Analysis

• Market Cap: ₹101.06B
• Dividend Yield: 0.5%
• Average Volume (3M): 49.01K
• Price to Earnings (P/E): 61.3
• Beta (1Y): 1.01
• Revenue Growth: 0.65%
• EPS Growth: N/A
• Country: IN
• Employees: 1,592
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): 1.70
• Shares Outstanding: 206,501,420
• 10 Day Avg. Volume: 57,839
• 30 Day Avg. Volume: 49,010
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹509.00
• Price Target Upside: 4.00% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 62 Neutral
• Price Target: ₹509.00 ▲(4.00% Upside)

RHI Magnesita India Refractories Limited shows strong financial health with robust profitability margins and low leverage, which are major strengths. However, the high P/E ratio suggests potential overvaluation, limiting upside potential. Technical indicators present a mixed outlook, with bullish MACD momentum but potential undervaluation indicated by low stochastic levels.

RHI Magnesita India Refractories Limited Business Overview & Revenue Model

Company Description

RHI Magnesita India Refractories Limited (RHIM) is a leading manufacturer and supplier of high-quality refractory products and solutions in India. Operating within the industrial materials sector, RHIM specializes in providing essential refractory materials that are critical for high-temperature industrial processes. The company's core products include bricks, monolithics, and functional products used in industries such as steel, cement, non-ferrous metals, and glass manufacturing.

How the Company Makes Money

RHI Magnesita India Refractories Limited generates revenue primarily through the production and sale of refractory products that are indispensable in various high-temperature industrial applications. The company's key revenue streams include sales of refractory bricks, monolithics, and other specialized materials designed to withstand extreme conditions. RHIM's earnings are significantly influenced by its long-standing partnerships with major industrial players in sectors like steelmaking, cement production, and non-ferrous metal manufacturing. By leveraging its technological expertise and expansive product portfolio, RHIM maintains a competitive edge, securing ongoing contracts and fostering strong customer relationships that drive its financial performance.

RHI Magnesita India Refractories Limited Financial Statement Overview

Summary

RHI Magnesita India Refractories Limited displays a solid financial standing with strengths in profitability margins and low leverage, although revenue growth presents some challenges. Cash flow metrics indicate strong cash generation, supporting operational stability and flexibility.

Income Statement

The company exhibits a strong gross profit margin of 24.7% for the most recent year, but net profit margin is moderate at 5.5%. Revenue has fluctuated, with a decline of 2.8% from the previous year. EBIT and EBITDA margins are healthy at 7.6% and 13.7% respectively, indicating efficient core operations despite some net income volatility in prior years.

Balance Sheet

The balance sheet is robust with a low debt-to-equity ratio of 0.09, highlighting low leverage. The equity ratio is strong at 77.3%, suggesting solid financial stability. Return on equity is moderate at 5.1%, reflecting decent profitability on shareholder equity.

Cash Flow

The company shows consistent free cash flow with a recent growth rate of 15.5%. The operating cash flow to net income ratio is 1.7, indicating effective conversion of net income into cash flows. Free cash flow to net income ratio is strong at 1.1, showcasing solid cash generation capabilities.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	36.74B	37.81B	27.26B	19.69B	13.61B
Gross Profit	9.07B	14.16B	4.99B	7.10B	4.67B
EBITDA	5.05B	2.35B	-2.90B	3.94B	2.21B
Net Income	2.03B	-1.00B	-4.66B	2.69B	1.37B
Balance Sheet
Total Assets	51.76B	51.16B	58.81B	16.74B	12.60B
Cash, Cash Equivalents and Short-Term Investments	992.03M	507.92M	3.23B	628.10M	1.57B
Total Debt	3.80B	4.87B	15.89B	647.06M	623.86M
Total Liabilities	11.77B	12.70B	29.00B	6.46B	4.54B
Stockholders Equity	39.99B	38.46B	28.91B	10.29B	8.06B
Cash Flow
Free Cash Flow	2.18B	1.88B	1.93B	-351.87M	796.12M
Operating Cash Flow	3.37B	2.71B	2.38B	272.61M	1.65B
Investing Cash Flow	-1.18B	-3.12B	-11.50B	-699.10M	-787.62M
Financing Cash Flow	-1.72B	-2.31B	11.72B	-502.83M	-536.84M

RHI Magnesita India Refractories Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 489.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RHIM, the sentiment is Positive. The current price of 489.4 is below the 20-day moving average (MA) of 498.83, above the 50-day MA of 484.87, and above the 200-day MA of 485.70, indicating a bullish trend. The MACD of 7.11 indicates Positive momentum. The RSI at 52.00 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:RHIM.

RHI Magnesita India Refractories Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VESUVIUS	67 Neutral	₹105.08B	41.20		0.27%	12.37%	7.00%
IFGLEXPOR	64 Neutral	₹15.93B	40.80		2.93%	3.82%	-74.55%
RHIM	62 Neutral	₹101.06B	61.30		0.50%	0.65%	―
Sector *	44 Neutral	C$923.76M	-8.68	-0.23%	2.69%	24.53%	-41.45%