RHI Magnesita India Refractories Limited (RHIM) AI Stock Analysis

• Market Cap: ₹98.27B
• Dividend Yield: 0.54%
• Average Volume (3M): 141.56K
• Price to Earnings (P/E): 59.6
• Beta (1Y): 1.00
• Revenue Growth: 8.65%
• EPS Growth: N/A
• Country: IN
• Employees: 1,592
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): 1.90
• Shares Outstanding: 206,501,420
• 10 Day Avg. Volume: 405,884
• 30 Day Avg. Volume: 141,564
• PEG Ratio: -0.18
• Price to Book (P/B): 2.76
• Price to Sales (P/S): 3.00
• P/FCF Ratio: 50.68
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: ₹496.00 ▲(6.89% Upside)

The stock's overall score is primarily influenced by its solid financial performance, characterized by strong profitability margins and low leverage. However, high valuation metrics and neutral technical indicators moderate the score. The absence of recent earnings call insights or notable corporate events leaves the financial and technical aspects as the primary factors.

Positive Factors

Cash Generation

Strong cash generation supports operational stability and flexibility, allowing the company to reinvest in growth opportunities and manage financial obligations effectively.

Balance Sheet Health

Low leverage and a strong equity ratio indicate financial stability, providing the company with resilience against economic downturns and the ability to pursue strategic investments.

Profitability Margins

Strong gross profit margins suggest efficient cost management and pricing power, which can sustain profitability even in competitive markets.

Negative Factors

Revenue Growth Challenges

Fluctuating revenue growth indicates potential challenges in market demand or competitive pressures, which could impact long-term growth prospects if not addressed.

Net Profit Margin

A moderate net profit margin may limit the company's ability to generate substantial shareholder returns, especially if cost pressures increase or revenue growth remains sluggish.

Return on Equity

Moderate return on equity suggests that the company may not be utilizing its equity base as effectively as possible to generate high returns, potentially impacting investor confidence.

RHI Magnesita India Refractories Limited Business Overview & Revenue Model

Company Description

RHI Magnesita India Refractories Limited (RHIM) is a leading player in the manufacturing of refractory products and solutions in India, specializing in high-performance materials used in various sectors such as steel, cement, glass, and non-ferrous metals. The company is part of the global RHI Magnesita group, which is renowned for its expertise in providing innovative refractory solutions that enhance operational efficiency and sustainability in industrial processes. RHIM's core product offerings include basic refractories, shaped and unshaped refractories, and special ceramics, designed to withstand extreme conditions and facilitate high-temperature applications.

How the Company Makes Money

RHI Magnesita India Refractories Limited generates revenue primarily through the sale of refractory materials and solutions to various industries, including steel manufacturing, cement production, and glass making. The company has established key revenue streams from both the domestic market and exports, capitalizing on its extensive product portfolio and customer base. Significant partnerships with major industrial players and long-term contracts contribute to stable earnings. Additionally, RHIM invests in research and development to innovate and enhance product offerings, which enables it to meet evolving customer demands and maintain a competitive edge in the refractory market.

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	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	37.56B	36.74B	37.81B	27.26B	19.99B	13.61B
Gross Profit	13.00B	9.07B	6.16B	4.99B	7.10B	4.67B
EBITDA	4.52B	5.05B	2.35B	-2.90B	3.94B	2.21B
Net Income	1.65B	2.03B	-1.00B	-4.66B	2.69B	1.37B
Balance Sheet
Total Assets	0.00	51.76B	51.16B	58.81B	16.74B	12.60B
Cash, Cash Equivalents and Short-Term Investments	992.03M	974.80M	507.92M	3.23B	628.10M	1.57B
Total Debt	0.00	3.80B	4.87B	15.89B	647.06M	623.86M
Total Liabilities	-39.99B	11.77B	12.70B	29.00B	6.46B	4.54B
Stockholders Equity	39.99B	39.99B	38.46B	28.91B	10.29B	8.06B
Cash Flow
Free Cash Flow	0.00	2.18B	1.88B	1.93B	-351.87M	796.12M
Operating Cash Flow	0.00	3.37B	2.71B	2.38B	272.61M	1.65B
Investing Cash Flow	0.00	-1.18B	-3.12B	-11.50B	-699.10M	-787.62M
Financing Cash Flow	0.00	-1.72B	-2.31B	11.72B	-502.83M	-536.84M

RHI Magnesita India Refractories Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 464.05
• 50DMA: Positive
• 100DMA: Negative
• 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 Negative. The current price of 464.05 is below the 20-day moving average (MA) of 473.17, above the 50-day MA of 463.04, and above the 200-day MA of 462.84, indicating a neutral trend. The MACD of 0.53 indicates Positive momentum. The RSI at 47.82 is Neutral, neither overbought nor oversold. The STOCH value of 53.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	65 Neutral	₹96.14B	39.44	―	0.30%	16.07%	-6.83%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
RHIM	60 Neutral	₹98.27B	59.60	―	0.54%	8.65%	―
IFGLEXPOR	56 Neutral	₹17.64B	45.19	―	1.62%	11.62%	-72.86%