RHI Magnesita India Ltd
RHI Magnestia India ltd earlier known as Orient Refractories Limited (ORL) is in the business of manufacturing and marketing special refractory products, systems
and services to the steel industry in India and Globally. It is a market leader for special refractories in India and has many global customers for its international quality products.[1]
- Market Cap ₹ 12,586 Cr.
- Current Price ₹ 610
- High / Low ₹ 830 / 503
- Stock P/E 76.7
- Book Value ₹ 189
- Dividend Yield 0.41 %
- ROCE 9.52 %
- ROE 4.81 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Company has a low return on equity of 11.9% over last 3 years.
- Promoter holding has decreased over last 3 years: -10.4%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Refractories Industry: Refractories / Intermediates
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
361 | 403 | 451 | 459 | 519 | 628 | 748 | 1,384 | 1,366 | 1,995 | 2,488 | 2,824 | |
293 | 324 | 371 | 374 | 415 | 500 | 619 | 1,169 | 1,158 | 1,607 | 2,121 | 2,404 | |
Operating Profit | 67 | 79 | 81 | 85 | 104 | 128 | 129 | 215 | 208 | 388 | 367 | 421 |
OPM % | 19% | 20% | 18% | 19% | 20% | 20% | 17% | 16% | 15% | 19% | 15% | 15% |
-1 | 4 | 5 | 5 | 8 | 10 | 18 | 10 | 12 | 5 | -649 | -302 | |
Interest | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 14 | 7 | 3 | 21 | 16 |
Depreciation | 4 | 4 | 5 | 6 | 6 | 7 | 9 | 26 | 30 | 34 | 42 | 68 |
Profit before tax | 61 | 80 | 80 | 85 | 105 | 131 | 138 | 185 | 184 | 356 | -345 | 34 |
Tax % | 33% | 34% | 34% | 34% | 35% | 34% | 35% | 26% | 26% | 25% | 24% | 261% |
41 | 53 | 53 | 56 | 69 | 86 | 90 | 136 | 136 | 268 | -427 | -55 | |
EPS in Rs | 3.45 | 4.40 | 4.40 | 4.65 | 5.74 | 7.14 | 7.48 | 11.34 | 11.32 | 16.64 | -22.70 | -2.68 |
Dividend Payout % | 29% | 28% | 32% | 31% | 44% | 35% | 33% | 22% | 22% | 15% | -11% | -93% |
Compounded Sales Growth | |
---|---|
10 Years: | 21% |
5 Years: | 30% |
3 Years: | 27% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 13% |
3 Years: | 6% |
TTM: | -48% |
Stock Price CAGR | |
---|---|
10 Years: | 20% |
5 Years: | 27% |
3 Years: | 23% |
1 Year: | -3% |
Return on Equity | |
---|---|
10 Years: | 16% |
5 Years: | 13% |
3 Years: | 12% |
Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 16 | 19 | 21 |
Reserves | 90 | 126 | 158 | 193 | 261 | 311 | 364 | 692 | 793 | 1,011 | 2,910 | 3,881 |
5 | 6 | 5 | 0 | 0 | 0 | 0 | 71 | 62 | 65 | 618 | 111 | |
63 | 74 | 79 | 101 | 87 | 126 | 132 | 277 | 391 | 580 | 890 | 610 | |
Total Liabilities | 170 | 218 | 254 | 306 | 360 | 449 | 508 | 1,051 | 1,259 | 1,672 | 4,436 | 4,623 |
29 | 30 | 33 | 38 | 37 | 40 | 60 | 223 | 239 | 278 | 1,030 | 1,021 | |
CWIP | 0 | 2 | 4 | 2 | 5 | 14 | 3 | 9 | 46 | 34 | 27 | 34 |
Investments | 6 | 0 | 0 | 0 | 0 | 108 | 103 | 10 | 10 | 10 | 1,718 | 1,865 |
135 | 186 | 216 | 266 | 318 | 287 | 342 | 810 | 964 | 1,350 | 1,661 | 1,703 | |
Total Assets | 170 | 218 | 254 | 306 | 360 | 449 | 508 | 1,051 | 1,259 | 1,672 | 4,436 | 4,623 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
38 | 29 | 34 | 80 | 60 | 57 | 54 | 173 | 166 | 26 | 351 | 87 | |
-12 | -2 | -10 | -4 | -6 | -121 | -5 | 21 | -78 | -71 | -768 | -651 | |
-26 | -13 | -18 | -25 | -20 | -35 | -35 | -118 | -54 | -50 | 481 | 476 | |
Net Cash Flow | -1 | 14 | 7 | 51 | 34 | -99 | 14 | 76 | 33 | -95 | 64 | -88 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 72 | 90 | 91 | 94 | 80 | 93 | 77 | 88 | 87 | 82 | 75 | 91 |
Inventory Days | 105 | 108 | 104 | 92 | 102 | 96 | 96 | 117 | 151 | 186 | 147 | 129 |
Days Payable | 80 | 87 | 75 | 103 | 97 | 105 | 92 | 99 | 149 | 161 | 149 | 103 |
Cash Conversion Cycle | 97 | 111 | 120 | 83 | 85 | 84 | 82 | 106 | 90 | 107 | 72 | 117 |
Working Capital Days | 73 | 85 | 90 | 71 | 81 | 82 | 87 | 105 | 108 | 124 | 94 | 135 |
ROCE % | 65% | 64% | 50% | 44% | 44% | 44% | 40% | 35% | 23% | 37% | 15% | 10% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 17 Jul
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Announcement under Regulation 30 (LODR)-Newspaper Publication
12 Jul - Of Newspaper Publication of the Company regarding transfer of equity shares to the IEPF
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
12 Jul - Certificate under regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Intimation Regarding Deduction Of TDS On Final Dividend Subject To The Approval Of Members Of Company At Their AGM 28 Jun
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Concalls
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Jun 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT REC
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Feb 2023Transcript PPT
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Feb 2023TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
Revenue Breakup
As of FY22, The company earns 84% of its revenue from India, and 16% from outside[1]