Rhetan TMT Limited, established in 1984, is a producer and marketer of TMT bars. It manufactures products made of fabricated metal and largely caters to the Indian market. Apart from TMT bars, the company produces rolled bars, round bars, and other steel goods. Rhetan TMT Limited is headquartered in Ahmedabad.
On 21 January 2023, the market capitalisation of the company was Rs 976.44 crore. It reported consolidated sales of Rs 67.55 crore at the end of March 2022. The company is listed on the Bombay Stock Exchange with the code 543590 and not listed on the National Stock Exchange.
The company’s promoters are Shalin A Shah and Ashok C Shah. They currently hold approximately 62.12% of the company. The foreign institutional investors’ investment in the company amounts to 0%. Domestic mutual funds or any domestic institutional investors hold no stake. The total public stake in the company is approximately 37.88. The stake of the public has largely been steady over the past year (Since September 2021).
Shalin Shah is the managing director of the company, and Subha Dash is the CFO and director. Ashok C Shah, Rushabh Shah, and Twinkle Chheda are the other directors of the company. GMCA & Co. are the auditors of Rhetan TMT Limited. As of December 2023, the company had around 264 crore shares outstanding.
On 21 January 2023, Rhetan TMT Limited’s share price on BSE was Rs 459.50. The share price touched a 52-week high of Rs 479.00 and a 52-week low of Rs 50.60. Its three-month return to investors was 245.8%, while its one-month return was 1.8%.
On November 2022, the company had a trailing twelve-month (TTM) revenue of Rs 67.03 crore. The company also had a net profit of Rs 2.35 crore during the same period. The company’s ROCE was 9.45. Responsive Industries ROE was 13.01. During the financial year 2021 – 2022, the company saw strong growth in basic EPS.
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