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Company details

499.15
513.60
305.00
675.00
6M Return 37.27%
1Y Return 57.57%
Mkt Cap.(Cr) 8,105.34
Volume 9,466
Div Yield 0.50%
OI
-
OI Chg %
-
Volume 9,466

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INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 801.69 Cr FV: 1.00
Period MF Net Purchase / (sold) FII Net
LAST 1M 20,746.28 -48,175.14
LAST 3M 72,514.10 -88,466.89
LAST 6M 138,950.67 -220,570.12
LAST 12M 230,551.63 -248,467.70

Information

  • About Company
  • Company Info
  • Listing Info
30.13
70.19%
63.8971
23.32%
18.11%
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. 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. The Company`s manufacturing facility is based in Bhiwadi, Rajasthan which is located in close proximity to New Delhi. The Company also has franchise operation in Salem, Tamilnadu for manufacturing basic spray mass. 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 FY2020,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. Due to COVID-19 pandemic,a nationwide lockdown was declared on 24th March 2020 & extended till June 2020. The pandemic has impacted the steel production and consumption in all the major economies. The NCLT vide its Order dated 5 May 2021 has approved the Scheme with an appointed date of 31 July 2018 in view of the order passed by the NCLAT. On 11 June 2021 the Board of Directors of the Company took on record the sanction of the Scheme by the NCLT, change in the authorised share capital and have fixed the record date as 24 June 2021 for the purpose of determining the shareholders of its erstwhile fellow subsidiaries who shall be entitled to receive the shares of the Company. As a consideration of the merger of the Company with the erstwhile fellow subsidiaries, the Company on 25 June 2021 issued and allotted 40,857,131 equity shares of Re. 1/- each fully paid up, to the shareholders of the erstwhile fellow subsidiaries. The Company on 7 July 2021 applied with BSE Limited and National Stock Exchange of India Limited for in-principle approval for listing of the said 40,857,131 equity shares. The name of the Company w.e.f. 2 July 2021 changed from Orient Refractories Limited to RHI Magnesita India Limited. The change of name was approved by the Board of Directors of the Company at their meeting held on 11 June 2021 pursuant to and as per the terms of the Scheme of Amalgamation amongst RHI India Private Limited, RHI Clasil Private Limited and Orient Refractories Limited as approved and sanctioned by NCLT. The shares of the Company have commenced trading on BSE Limited and National Stock Exchange of India Limited with the new name "RHI Magnesita India Limited" with scrip code "RHIM" with effect from 22 July 2021.

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Registered Address

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

Tel : 91-22-66090600
Email : bhi_ho: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) : Aug
BSE Group : A
ISIN : INE743M01012

ICICIdirect RHI Magnesita India Ltd FAQ

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 Jul 01, 2022 04:01 PM the closing price of RHI Magnesita India Ltd was ₹ 503.45.
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 Jul 01, 2022 04:01 PM, the market cap of RHI Magnesita India Ltd stood at ₹ 8,105.34.
The latest PE ratio of RHI Magnesita India Ltd as of Jul 01, 2022 04:01 PM is 30.13
The latest PB ratio of RHI Magnesita India Ltd as of Jul 01, 2022 04:01 PM is 0.13
The 52-week high of RHI Magnesita India Ltd is ₹ 675.00 while the 52-week low is ₹ 305.00 .

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