RHI Magnesita India Ltd

RHI Magnesita Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

RHI Magnesita India Ltd

₹ 561 -2.44%
12 Dec 4:00 p.m.
rhimagnesitaindia.com BSE: 534076 NSE: RHIM
About

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]

Key Points

Market Leadership
The company is the leading global manufacturer and supplier of high-grade refractory products, systems, and solutions with a 30% market share in India. [1]

Website BSE NSE
  • Market Cap ₹ 11,587 Cr.
  • Current Price ₹ 561
  • High / Low ₹ 830 / 490
  • Stock P/E 58.2
  • Book Value ₹ 189
  • Dividend Yield 0.45 %
  • ROCE 8.58 %
  • ROE 9.58 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.

Cons

  • Company has a low return on equity of 13.9% 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

Part of BSE 250 SmallCap Index Nifty Total Market Nifty MidSmallcap 400 BSE Allcap BSE 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
433 543 592 602 600 645 875 928 987 923 943 879 867
367 437 452 486 500 553 828 795 839 806 795 725 760
Operating Profit 66 106 139 116 101 92 47 133 148 117 148 154 107
OPM % 15% 20% 24% 19% 17% 14% 5% 14% 15% 13% 16% 18% 12%
1 3 0 4 4 4 -654 3 3 1 -322 3 15
Interest -1 1 -0 -0 -2 7 34 26 9 16 13 11 10
Depreciation 8 9 9 9 9 10 42 46 44 48 44 48 50
Profit before tax 59 100 131 111 97 79 -683 64 98 54 -231 98 62
Tax % 27% 24% 24% 26% 26% 26% -1% 26% 27% 27% 12% 26% 26%
43 76 100 82 72 59 -679 47 72 39 -258 73 46
EPS in Rs 2.68 4.73 6.20 5.12 4.49 3.64 -36.11 2.26 3.45 1.91 -12.49 3.53 2.22
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
748 1,388 1,370 1,999 2,726 3,781 3,612
619 1,172 1,161 1,610 2,365 3,227 3,086
Operating Profit 129 215 209 390 361 555 526
OPM % 17% 16% 15% 19% 13% 15% 15%
18 10 12 5 -646 -322 -302
Interest 1 14 7 3 40 65 50
Depreciation 9 26 30 34 71 182 191
Profit before tax 138 186 185 357 -396 -16 -17
Tax % 35% 27% 26% 25% 18% 545%
90 136 137 269 -466 -100 -100
EPS in Rs 7.48 11.31 11.37 16.71 -24.79 -4.86 -4.83
Dividend Payout % 33% 22% 22% 15% -10% -51%
Compounded Sales Growth
10 Years: %
5 Years: 38%
3 Years: 40%
TTM: 5%
Compounded Profit Growth
10 Years: %
5 Years: 29%
3 Years: 33%
TTM: 28%
Stock Price CAGR
10 Years: 19%
5 Years: 20%
3 Years: 16%
1 Year: -25%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 14%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 12 12 12 16 19 21 21
Reserves 364 691 794 1,013 2,872 3,825 3,892
0 71 62 65 1,589 487 453
132 278 391 581 1,400 765 958
Total Liabilities 508 1,052 1,260 1,674 5,881 5,097 5,324
60 228 243 282 3,258 2,805 2,782
CWIP 3 9 46 34 39 49 53
Investments 103 0 0 0 0 0 0
342 816 970 1,358 2,583 2,244 2,488
Total Assets 508 1,052 1,260 1,674 5,881 5,097 5,324

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
54 173 165 27 238 271
-5 26 -79 -70 -1,150 -312
-35 -118 -54 -50 1,172 -231
Net Cash Flow 14 81 33 -93 260 -272

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 77 87 87 89 101 79
Inventory Days 96 117 151 186 204 148
Days Payable 92 99 148 161 180 95
Cash Conversion Cycle 82 105 90 114 125 131
Working Capital Days 87 105 108 124 130 135
ROCE % 35% 23% 37% 11% 9%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
70.19% 70.19% 70.19% 70.19% 70.19% 60.11% 55.47% 56.07% 56.07% 56.07% 56.07% 56.07%
0.38% 0.64% 2.20% 2.47% 2.75% 2.28% 3.79% 3.68% 3.67% 3.78% 4.74% 5.16%
9.32% 9.18% 8.29% 8.41% 8.63% 7.91% 14.08% 13.59% 13.76% 13.29% 12.80% 12.35%
20.11% 19.99% 19.32% 18.93% 18.43% 29.70% 26.67% 26.65% 26.51% 26.86% 26.40% 26.43%
No. of Shareholders 36,62851,52857,63164,76368,39068,44065,18473,69871,70574,07569,47670,665

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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