RHI Magnesita India Ltd

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

RHI Magnesita India Ltd

₹ 607 2.99%
25 Jul 10:30 a.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

Revenue Breakup
As of FY22, The company earns 84% of its revenue from India, and 16% from outside[1]

Website BSE NSE
  • Market Cap ₹ 12,535 Cr.
  • Current Price ₹ 607
  • High / Low ₹ 830 / 503
  • Stock P/E 92.1
  • Book Value ₹ 186
  • Dividend Yield 0.42 %
  • ROCE 8.41 %
  • ROE 4.04 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is expected to give good quarter

Cons

  • Company has a low return on equity of 10.9% 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
407 429 433 543 592 602 600 645 875 928 987 923 943
342 355 367 437 452 486 500 553 828 795 839 806 795
Operating Profit 65 74 66 106 139 116 101 92 47 133 148 117 148
OPM % 16% 17% 15% 20% 24% 19% 17% 14% 5% 14% 15% 13% 16%
5 4 1 3 0 4 4 4 -654 3 3 1 -322
Interest 4 3 -1 1 -0 -0 -2 7 34 26 9 16 13
Depreciation 8 8 8 9 9 9 9 10 42 46 44 48 44
Profit before tax 58 68 59 100 131 111 97 79 -683 64 98 54 -231
Tax % 27% 26% 27% 24% 24% 26% 26% 26% -1% 26% 27% 27% 12%
43 50 43 76 100 82 72 59 -679 47 72 39 -258
EPS in Rs 3.54 3.10 2.68 4.73 6.20 5.12 4.49 3.64 -36.11 2.26 3.45 1.91 -12.49
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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
748 1,388 1,370 1,999 2,726 3,781
619 1,172 1,161 1,610 2,365 3,235
Operating Profit 129 215 209 390 361 546
OPM % 17% 16% 15% 19% 13% 14%
18 10 12 5 -646 -315
Interest 1 14 7 3 40 64
Depreciation 9 26 30 34 71 182
Profit before tax 138 186 185 357 -396 -16
Tax % 35% 27% 26% 25% 18% 545%
90 136 137 269 -466 -100
EPS in Rs 7.48 11.31 11.37 16.71 -24.79 -4.86
Dividend Payout % 33% 22% 22% 15% -10% -51%
Compounded Sales Growth
10 Years: %
5 Years: 38%
3 Years: 40%
TTM: 39%
Compounded Profit Growth
10 Years: %
5 Years: 9%
3 Years: 0%
TTM: -50%
Stock Price CAGR
10 Years: 20%
5 Years: 26%
3 Years: 20%
1 Year: -4%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 11%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 12 12 12 16 19 21
Reserves 364 691 794 1,013 2,872 3,825
0 71 62 65 1,589 487
132 278 391 581 1,412 786
Total Liabilities 508 1,052 1,260 1,674 5,893 5,118
60 228 243 282 3,258 2,805
CWIP 3 9 46 34 39 49
Investments 103 0 0 0 0 0
342 816 970 1,358 2,595 2,265
Total Assets 508 1,052 1,260 1,674 5,893 5,118

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 89 105 79
Inventory Days 96 117 151 186 204 148
Days Payable 92 99 148 161 186 96
Cash Conversion Cycle 82 105 90 114 123 131
Working Capital Days 87 105 108 124 129 134
ROCE % 35% 23% 37% 11% 8%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
66.49% 70.19% 70.19% 70.19% 70.19% 70.19% 60.11% 55.47% 56.07% 56.07% 56.07% 56.07%
0.60% 0.38% 0.64% 2.20% 2.47% 2.75% 2.28% 3.79% 3.68% 3.67% 3.78% 4.74%
12.09% 9.32% 9.18% 8.29% 8.41% 8.63% 7.91% 14.08% 13.59% 13.76% 13.29% 12.80%
20.82% 20.11% 19.99% 19.32% 18.93% 18.43% 29.70% 26.67% 26.65% 26.51% 26.86% 26.40%
No. of Shareholders 33,03436,62851,52857,63164,76368,39068,44065,18473,69871,70574,07569,476

* 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

Announcements

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Credit ratings

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