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RHI Magnesita India Ltd share Price Today

Company details

658.10
669.15
504.25
824.00
6M Return -13.13%
1Y Return -2.35%
Mkt Cap.(Cr) 13,622.87
Volume 104,499
Div Yield 0.38%
OI
-
OI Chg %
-
Volume 104,499

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Industrial Goods company RHI Magnesita India announced Q4FY24 & FY24 results:

  • The company registered 8% growth in revenue compared to the same quarter of the previous financial year.
  • The Q4FY24 revenue stood at Rs 943 crore, as compared to Rs 874 crore during the Q4FY23.
  • The PBT(excluding one-time exceptional items) stood at Rs 95 crore during Q4FY24.

Commenting on the results, Parmod Sagar – MD & CEO of RHI Magnesita India Ltd said, “Our fourth quarter results underlined again the attractive growth and resilient results of our business. We have excelled by strategically enhancing our operational efficiencies, driving remarkable and sustained growth. The seamless integration of recent acquisitions has unlocked significant synergies, reflected in the impressive rise in profitability. Our EBITDA and revenue saw substantial year-on-year growth of 49% and 39% respectively. Our rigorous cost optimization initiatives have led to outstanding year-on-year margin improvements this quarter. As we expand our strong presence in iron-making, pellet, and DRI, we are poised to continue leveraging our extensive market reach, diverse product portfolio, and exceptional expertise in Total Refractory Management and Services."

Result PDF

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RHI Magnesita India Ltd shares SWOT Analysis

Strengths (8)

  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
  • Company with Low Debt
  • Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years

Weakness (4)

  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Declining profits every quarter for the past 2 quarters

Opportunity (1)

  • Stock with Low PE (PE < = 10)

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 666.5
R2 673.4
R3 677.6
Pivot

662.32

S1 655.5
S2 651.3
S3 644.4
EMA SMA
672.1
657.0
656.3
665.9
679.3
653.6
634.7
686.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MINOSHI MAHESHWARI Bulk Sell 2021-12-13 355.04 839900 BSE
L&T MUTUAL FUND A/C L&T EMERGNG BUSINESS FUND Bulk Purchase 2018-08-27 224 2320000 BSE
HDFC TRUSTEE CO. LTD A/C HDFC SMALL CAP FUND Bulk Purchase 2018-08-27 224 1340000 BSE
Name Category Shares
DUTCH US HOLDING BV PROMOTER 40.03%
DUTCH BRASIL HOLDING B.V. PROMOTER 9.99%
VRD AMERICAS B.V. PROMOTER 6.06%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
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RHI Magnesita India Ltd Stocks COMPARISON

Financials( in Cr) RHI Magnesita India Ltd Vesuvius India Ltd IFGL Refractories Ltd Raghav Productivity Enhancers Ltd Morganite Crucible (India) Ltd
Price 659.70 5,394.70 628.45 744.60 1,550.00
% Change -0.14 -0.01 2.50 -0.27 3.03
Mcap Cr 13,622.87 10,949.08 2,264.87 1,709.08 868.00
Revenue TTM Cr 2,726.27 1,603.13 1,386.50 137.39 154.59
Net Profit TTM Cr -465.65 212.94 79.21 25.22 16.12
PE TTM 100.37 46.01 26.99 66.02 32.74
1 Year Return -2.35 132.75 94.36 62.71 55.36
ROCE 10.93 25.52 10.06 26.72 17.89
ROE 13.98 19.43 8.17 20.55 12.92
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,891.04 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 35,505.04 11,397.23
LAST 3M 104,508.85 -18,853.99
LAST 6M 177,467.27 -3,043.74
LAST 12M 290,466.59 105,197.83
RHI MAGNESITA INDIA LTD - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 20, 2024 l NSE Announcement

RHI MAGNESITA INDIA LIMITED - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 19, 2024 l NSE Announcement

RHI MAGNESITA INDIA LIMITED - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 18, 2024 l NSE Announcement

Date Action Type Ratio
Sep 14, 2023 Dividend 250
Sep 14, 2022 Dividend 250

RHI Magnesita India Ltd Information

Stock PE (TTM)
100.37
Promoter Holding
56.07%
Book Value
186.2321
ROCE
10.93%
ROE
13.98%
Description
  • RHI Magnesita India Ltd. (formerly Orient Refractories Ltd.) is amongst one of the top refractory manufactures in India. The Company primarily manufactures refractories for the steel industry. ORL sells its products both in India and overseas. It provides a wide range of special refractories. It serves customers through three state-of-the-art manufacturing facilities situated at Bhiwadi (Rajasthan), Vizag (Andhra Pradesh) and Cuttack (Odisha). It has franchise operation in Salem, Tamil Nadu for manufacturing basic spray mass. The company`s product range includes Isostatically Pressed Continuous Casting Refractories, Slide Gate Plates, Nozzles and Well Blocks, Tundish Nozzles, Bottom Purging Refractories and Top Purging Lances, Slag Arresting Darts, Basic Spray Mass for Tundish working lining and Castables. All these products are custom made to suit the casting conditions and grade of steel being cast. Orient Refractories Ltd was incorporated on November 26, 2010, as a wholly owned subsidiary of Orient Abrasives Limited. The Company entered into a Scheme of Arrangement with Orient Abrasives Limited and their respective Shareholders, which became effective on April 1, 2011. In terms of the Scheme, the refractory business of Orient Abrasives Limited was demerged into the Company on a going concern basis. Thus, the Company is authorized to carry on the business of manufacturers, producers, processors, importers, exporters, buyers, sellers of and dealers in all kinds of refractories. During the 2012-13, pursuance to share purchase agreement vide dated 15 January 2013 entered by M/s Dutch US Holding B.V. Netherlands with Mr S G Rajgarhia and other ex-promoters of the Company, and also post offer made to shareholders of the Company. M/s Dutch US Holding B.V. acquired 52,401,579 (43.62%) equity shares on 04 March 2013 from the ex-promoters and thus acquired control over the Company and immediately thereafter, change in management took place. M/s Dutch US Holding B.V. also acquired 31,236,192 (26.00%) equity shares under above said open offer. As on 31 March 2013,total equity holding of M/s Dutch US Holding B.V. is 83,637,771 (69.62%). Dutch US Holding B.V. is a wholly-owned subsidiary of M/s. Veitscher Vertriebsgesellschaft m.b.H., which is a wholly owned subsidiary of M/s. RHI AG Vienna, Austria and is part of the M/s. RHI group. M/s. Dutch US Holding B.V. is also promoted by M/s. RHI AG. In the year 2016, Orient Refractories Ltd parent Company, RHI AG reached an agreement with controlling shareholding of another global refractory company, M/s. Magnesita, GP & Rohne. The combined Company will be able to offer ORL customers even more comprehensive range of products and services. RHI AG had acquired Magnesita in the year 2016. RHI Magnesita is the global leader in the refractory business in terms of revenue. The merger had enabled RHI to expand its geographical footprint, thus giving access to global mining network by providing access to the mines in America. RHI Magnesita group has three flagship companies in India, RHI Clasil Private Limited, RHI India Private Limited and Orient Refractories Limited. In view of increase in demand,the capacity of isotopic products of 9,300 tons per annum was increased to 11,700 tons per annum in 2018. The other project includes installation of hydraulic press for slide gate refractory, which is expected to be completed in third quarter of FY 2019-20. The board of directors on 30 April 2019 approved the acquisition of the entire paid-up equity share capital of "Intermetal Engineers India Private Limited"(IEIPL) to make it a wholly owned subsidiary of the Company. On 18 May 2019 the Company completed the process of acquisition of IEIPL. The Board of Directors of the Company, at its meeting held on 31 July, 2018, had granted its in-principle approval to the Scheme of Amalgamation of RHI India Private Limited (RHI India) and RHI Clasil Private Limited (RHI Clasil) (together, the Merging Entities) with and into the Company. In this regard, the board of directors had approved the share exchange ratio i.e. for every 100 equity shares of face value of Rs. 10 each of RHI India, issue of 7,044 equity shares of face value of Re. 1 each of the Company and for every 1,000 equity shares of face value of Rs. 10 each of RHI Clasil, issue of 908 equity shares of face value of Re. 1 each of the Company. During the FY 2020, the Company has invested Rs 43.56 Crore to purchase certain assets of plant situated at Baichuana, Tangi, Distt. - Cuttack, Orissa of Manishri Refractories & Ceramics Private Limited (MRCPL). This plant capacity is 10,000 Tons for manufacturing of MGU bricks through recycling and with further capex the capacity will be increased to 18,000 Tons per annum. The Plant has started production from November`2019. Further, during the year Company has acquired 100% shareholding of Intermetal Engineers India Private Limited (IEIPL) for Rs.10.10 Crore for manufacturing of steel plant equipment (viz., slide gate system for flow control of liquid steel, oxygen lancing and CCM assemblies such as mould jacket assembly, dummy bar assembly) specially used during the flow of liquid steel for continuous casting, ingot casting which are exported to its regular customers in Gulf and African Region and caters to about 300 to 400 regular steel plant customers in India. IEIPL has a plant in Mumbai. These investments are made through internal accruals. The Company has one subsidiary i.e. Intermetal Engineers (India) Private Limited as on 31 March 2022. ORL had approved the proposed scheme in its Board Meeting on July 31, 2018 and the proposed scheme was also approved by shareholders (including the public shareholders) and creditors of ORL on May 17, 2019 with overwhelming majority. However, in an Order issued on March 2, 2020, the NCLT rejected the proposed scheme. After carefully assessing the details of order issued by the NCLT, ORL decided to file an appeal before the National Company Law Appellate Tribunal (NCLAT). The NCLAT by an order dated January 19, 2021, set aside the order passed by the NCLT rejecting the scheme and directed the NCLT to approve the scheme. Subsequently, NCLT, Mumbai Bench, in its order dated May 5, 2021 approved the scheme. Further to this, ORL received Certificate of Incorporation of the new amalgamated company, "RHI Magnesita India Limited` on July 2, 2021 from the from the Ministry of Corporate Affairs (MCA). The shares of the Company commenced trading on BSE Limited and National Stock Exchange of India Limited with the new name "RHI Magnesita India Limited" with effect from 22 July 2021. In FY 2021, the Company initiated a major transition of the oil and electrical fired kilns and driers at its plants to gas fired kilns, which was done at the Bhiwadi and Cuttack plant. During the financial year 2022-23, RHI Magnesita India acquired two leading refractory businesses in India - the Indian refractory business of Dalmia Bharat Refractories Ltd. and the refractory business of Hi-Tech Chemicals. The Company launched World-class INTERSTOPr S0 Ladle Gate System for the steel makers of Punjab, Haryana, and Himachal Pradesh at Ludhiana in September 2022. RHIM Refractories became wholly owned subsidiary of the Company with effect from 5 January 2023.

Registered Address

C-604 Neelkanth Business Park, Opp Railway Stat Vidhyavihar-W, Mumbai, Maharashtra, 400086

Tel : 91-22-66090600
Email : corporate.india:rhimagnesita.com
Website : http://www.rhimagnesitaindia.com
Registrar

Skyline Financial Services Pvt

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 534076
NSE Code : RHIM
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE743M01012

FAQ’s on RHI Magnesita India Ltd Shares

You can buy RHI Magnesita India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy RHI Magnesita India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 20, 2024 03:56 PM the closing price of RHI Magnesita India Ltd was Rs.659.70.

The latest PE ratio of RHI Magnesita India Ltd as of Jun 20, 2024 03:56 PM is 100.37

The latest PB ratio of RHI Magnesita India Ltd as of Jun 20, 2024 03:56 PM is 0.28

The 52-week high of RHI Magnesita India Ltd share price is Rs. 824.00 while the 52-week low is Rs. 504.25

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 20, 2024 03:56 PM, the market cap of RHI Magnesita India Ltd stood at Rs. 13,622.87.

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