RHI Magnesita India Refractories Limited (IN:RHIM)
:RHIM
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RHI Magnesita India Refractories Limited
(RHIM)
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Rating:59Neutral
Price Target:
₹357.00
▼(-21.64% Downside)
Action:ReiteratedDate:01/31/26
The score is anchored by solid financial stability and cash generation (low leverage, strong equity ratio, good cash conversion). This is tempered by an expensive valuation (high P/E with low yield) and a weak-to-neutral technical trend (below longer-term moving averages and negative MACD).
Positive Factors
Low leverage / strong equity base
Very low debt-to-equity and a high equity ratio provide durable financial flexibility. This reduces refinancing and interest risk, supports investment in capacity or retrofits, and allows the company to sustain operations and service customers through cyclical downturns without stressing liquidity or covenant limits.
Negative Factors
Modest net profitability and ROE
Moderate net margin and low ROE constrain the firm’s ability to generate high shareholder returns from existing capital. Over the medium term this can limit retained-earnings-driven growth, reduce margin for error during stress, and make capital-allocation choices more constrained versus higher-ROE peers.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong equity base
Very low debt-to-equity and a high equity ratio provide durable financial flexibility. This reduces refinancing and interest risk, supports investment in capacity or retrofits, and allows the company to sustain operations and service customers through cyclical downturns without stressing liquidity or covenant limits.
Read all positive factors
RHI Magnesita India Refractories Limited (RHIM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹70.54B
Dividend Yield0.55%
Average Volume (3M)141.56K
Price to Earnings (P/E)38.5
Beta (1Y)1.16
Revenue Growth8.65%
EPS GrowthN/A
CountryIN
Employees1,592
SectorBasic Materials
Sector Strength58
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)3.00
Shares Outstanding206,501,420
10 Day Avg. Volume405,884
30 Day Avg. Volume141,564
Financial Highlights & Ratios
PEG Ratio-0.18
Price to Book (P/B)2.76
Price to Sales (P/S)3.00
P/FCF Ratio50.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)13.13
Revenue Forecast (FY)₹41.89B
RHI Magnesita India Refractories Limited Business Overview & Revenue Model
Company Description
RHI Magnesita India Limited manufactures and trades in refractories, monolithics, bricks, and ceramic paper for the iron and steel industry primarily in India. The company offers isostatically pressed continuous casting refractories; slide gate pl...
How the Company Makes Money
RHIM makes money primarily by selling refractory products and providing refractory-related solutions to industrial customers. Key revenue streams include: (1) Product sales: revenue from manufactured refractory items such as shaped refractories (e...
RHI Magnesita India Refractories Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
72
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.24B | 36.74B | 37.81B | 27.26B | 19.99B | 13.61B |
| Gross Profit | 13.44B | 9.07B | 6.16B | 4.99B | 7.10B | 4.67B |
| EBITDA | 4.40B | 5.05B | 2.35B | -2.90B | 3.94B | 2.21B |
| Net Income | 1.57B | 2.03B | -1.00B | -4.66B | 2.69B | 1.37B |
Balance Sheet | ||||||
| Total Assets | 53.73B | 51.76B | 51.16B | 58.81B | 16.74B | 12.60B |
| Cash, Cash Equivalents and Short-Term Investments | 855.95M | 974.80M | 507.92M | 3.23B | 628.10M | 1.57B |
| Total Debt | 4.15B | 3.80B | 4.87B | 15.89B | 647.06M | 623.86M |
| Total Liabilities | 13.53B | 11.77B | 12.70B | 29.00B | 6.46B | 4.54B |
| Stockholders Equity | 40.20B | 39.99B | 38.46B | 28.91B | 10.29B | 8.06B |
Cash Flow | ||||||
| Free Cash Flow | -7.32M | 2.18B | 1.88B | 1.93B | -351.87M | 796.12M |
| Operating Cash Flow | 602.82M | 3.37B | 2.71B | 2.38B | 272.61M | 1.65B |
| Investing Cash Flow | -1.20B | -1.18B | -3.12B | -11.50B | -699.10M | -787.62M |
| Financing Cash Flow | -119.10M | -1.72B | -2.31B | 11.72B | -502.83M | -536.84M |
RHI Magnesita India Refractories Limited Technical Analysis
Negative
455.60
Price Trends
421.13
Negative
441.24
Negative
458.39
Negative
Market Momentum
-22.54
Positive
32.59
Neutral
18.57
Positive
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 455.6 is above the 20-day moving average (MA) of 385.74, above the 50-day MA of 421.13, and below the 200-day MA of 458.39, indicating a bearish trend. The MACD of -22.54 indicates Positive momentum. The RSI at 32.59 is Neutral, neither overbought nor oversold. The STOCH value of 18.57 is Positive, 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
UnderperformOutperform
Sector (61)
IN:RHIM
RHI Magnesita India Refractories Limited
352.15
-110.27
-23.85%
IN:IFGLEXPOR
IFGL Refractories Ltd.
138.95
-36.83
-20.95%
IN:VESUVIUS
Vesuvius India Ltd
472.15
31.53
7.16%
RHI Magnesita India Refractories Limited Corporate Events
RHI Magnesita India Seeks Shareholder Nod for Board Appointment via E-voting Postal Ballot
Mar 5, 2026
RHI Magnesita India Refractories Limited has initiated a postal ballot process to seek shareholder approval for confirming the appointment of Mr. Alvaro Martin Rivero as a Non-Executive and Non-Independent Director, who will be liable to retire by...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.