Major Estimate Revision • Feb 20
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from ₹13.13 to ₹11.37 per share. Revenue forecast steady at ₹42.3b. Net income forecast to grow 89% next year vs 15% growth forecast for Basic Materials industry in India. Consensus price target broadly unchanged at ₹629. Share price rose 4.9% to ₹459 over the past week. Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: ₹2.99 (vs ₹2.30 in 3Q 2025) Third quarter 2026 results: EPS: ₹2.99 (up from ₹2.30 in 3Q 2025). Revenue: ₹10.9b (up 8.2% from 3Q 2025). Net income: ₹615.6m (up 30% from 3Q 2025). Profit margin: 5.6% (up from 4.7% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in India are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Annuncio • Jan 30
RHI Magnesita India Limited to Report Q3, 2026 Results on Feb 13, 2026 RHI Magnesita India Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 11
Second quarter 2026 earnings released: EPS: ₹1.85 (vs ₹2.22 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.85 (down from ₹2.22 in 2Q 2025). Revenue: ₹10.4b (up 20% from 2Q 2025). Net income: ₹383.5m (down 17% from 2Q 2025). Profit margin: 3.7% (down from 5.3% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in India are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Annuncio • Oct 27
RHI Magnesita India Limited to Report Q2, 2026 Results on Nov 10, 2025 RHI Magnesita India Limited announced that they will report Q2, 2026 results on Nov 10, 2025 Upcoming Dividend • Sep 05
Upcoming dividend of ₹2.50 per share Eligible shareholders must have bought the stock before 12 September 2025. Payment date: 24 October 2025. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.3%). In line with average of industry peers (0.5%). Declared Dividend • Aug 16
Dividend of ₹2.50 announced Dividend of ₹2.50 is the same as last year. Ex-date: 12th September 2025 Payment date: 25th October 2025 Dividend yield will be 0.5%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 148% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • Aug 15
Consensus EPS estimates fall by 19% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from ₹14.23 to ₹11.50 per share. Revenue forecast steady at ₹40.5b. Net income forecast to grow 66% next year vs 51% growth forecast for Basic Materials industry in India. Consensus price target up from ₹569 to ₹595. Share price fell 2.3% to ₹489 over the past week. Annuncio • Aug 14
RHI Magnesita India Limited, Annual General Meeting, Sep 26, 2025 RHI Magnesita India Limited, Annual General Meeting, Sep 26, 2025, at 11:00 Indian Standard Time. Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: ₹1.71 (vs ₹3.53 in 1Q 2025) First quarter 2026 results: EPS: ₹1.71 (down from ₹3.53 in 1Q 2025). Revenue: ₹9.61b (up 9.4% from 1Q 2025). Net income: ₹352.7m (down 52% from 1Q 2025). Profit margin: 3.7% (down from 8.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 2 years, while revenues in the Basic Materials industry in India are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Annuncio • Jul 30
RHI Magnesita India Limited to Report Q1, 2026 Results on Aug 08, 2025 RHI Magnesita India Limited announced that they will report Q1, 2026 results on Aug 08, 2025 Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹518, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 35x in the Basic Materials industry in India. Total returns to shareholders of 10% over the past three years. New Risk • Jun 03
New major risk - Revenue and earnings growth Earnings have declined by 33% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • May 29
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₹9.81 (up from ₹4.88 loss in FY 2024). Revenue: ₹37.0b (down 2.1% from FY 2024). Net income: ₹2.03b (up ₹3.03b from FY 2024). Profit margin: 5.5% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 1.4% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Annuncio • May 24
RHI Magnesita India Limited to Report Q4, 2025 Results on May 28, 2025 RHI Magnesita India Limited announced that they will report Q4, 2025 results on May 28, 2025 Annuncio • Mar 10
RHI Magnesita India Limited Appoints Deepak Vazirani as Head of Supply Chain, Procurement & Commercial RHI Magnesita India Limited announced that Mr. Deepak Vazirani has been appointed as Head of Supply Chain, Procurement & Commercial with effect from 10 March 2025. Mr. Deepak Vazirani brings 29 years of experience in managing the end-to-end supply chain, including imports, planning, inventory, procurement, warehousing, and distribution. He has collaborated with some of the top Indian and international MNCs. He holds a B. Tech in Instrumentation and an MBA from the Symbiosis Institute of Foreign Trade. In his most recent role, he was affiliated with a prominent company in the footwear, apparel, and accessories industry, where he successfully managed the supply chain for over 30,000 SKUs. Buy Or Sell Opportunity • Mar 06
Now 24% overvalued Over the last 90 days, the stock has fallen 25% to ₹420. The fair value is estimated to be ₹338, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Feb 19
Now 21% overvalued Over the last 90 days, the stock has fallen 20% to ₹398. The fair value is estimated to be ₹330, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company became loss making. New Risk • Feb 14
New major risk - Revenue and earnings growth Earnings have declined by 40% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 40% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making. Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: ₹2.30 (vs ₹1.92 in 3Q 2024) Third quarter 2025 results: EPS: ₹2.30 (up from ₹1.92 in 3Q 2024). Revenue: ₹10.2b (up 10% from 3Q 2024). Net income: ₹475.4m (up 21% from 3Q 2024). Profit margin: 4.7% (up from 4.3% in 3Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Annuncio • Jan 24
RHI Magnesita India Limited to Report Q3, 2025 Results on Feb 11, 2025 RHI Magnesita India Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Buy Or Sell Opportunity • Nov 25
Now 21% overvalued Over the last 90 days, the stock has fallen 17% to ₹517. The fair value is estimated to be ₹429, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company became loss making. Annuncio • Nov 12
RHI Magnesita India Limited Announces Change in Management RHI Magnesita India Limited informed that Dr. Vijay Sharma (DIN: 00880113), has ceased to be Independent Director and Chairman of the Company effective the close of business hours on 11 November 2024 consequent to end of his second term of five years term as an Independent Director. The Board of Directors of the Company has placed on record its appreciation for the invaluable guidance, unwavering dedication, and significant contributions by him towards Company's growth during his tenure. In accordance with the decision taken by the Board of Directors at its meeting held on 14 August 2024, Mr. Parmod Sagar (DIN: 06500871), Managing Director & CEO of the Company would be Chairman of the Company with effect from 12 November 2024 in place of Dr. Vijay Sharma. Accordingly, with effect from 12 November 2024, designation of Mr. Parmod Sagar is Managing Director & CEO of the Company. Price Target Changed • Nov 12
Price target decreased by 7.1% to ₹698 Down from ₹752, the current price target is an average from 3 analysts. New target price is 29% above last closing price of ₹542. Stock is down 21% over the past year. The company is forecast to post earnings per share of ₹12.40 next year compared to a net loss per share of ₹4.88 last year. New Risk • Nov 09
New major risk - Revenue and earnings growth Earnings have declined by 40% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 40% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making. Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: ₹2.22 (vs ₹3.46 in 2Q 2024) Second quarter 2025 results: EPS: ₹2.22 (down from ₹3.46 in 2Q 2024). Revenue: ₹8.82b (down 11% from 2Q 2024). Net income: ₹459.1m (down 36% from 2Q 2024). Profit margin: 5.2% (down from 7.2% in 2Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in India are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Annuncio • Nov 07
RHI Magnesita India Limited Announces the Resignation of Erwin Jankovits as Non-Executive Director RHI Magnesita India Limited announced that Mr. Erwin Jankovits (DIN: 07089589), Non-Executive Director vide his resignation letter received on 6 November 2024 has tendered his resignation as Non-Executive Director
of the Company with effect from close of business hours of 7 November 2024 due to certain personal reasons. Annuncio • Oct 09
RHI Magnesita India Limited to Report Q2, 2025 Results on Nov 07, 2024 RHI Magnesita India Limited announced that they will report Q2, 2025 results on Nov 07, 2024 Annuncio • Sep 28
RHI Magnesita India Limited Declares Final Dividend for the Financial Year 2023-24 RHI Magnesita India Limited declared final dividend of INR 2.50 per equity share for the financial year 2023-24. Annuncio • Sep 27
RHI Magnesita India Limited Appoints Kamal Sarda as Director RHI Magnesita India Limited at its 14th annual general meeting held on 27 September 2024, approved the appointment of Mr. Kamal Sarda (DIN:03151258) as a director and as an Independent Director of the company. Declared Dividend • Aug 24
Dividend of ₹2.50 announced Dividend of ₹2.50 is the same as last year. Ex-date: 5th September 2024 Payment date: 13th October 2024 Dividend yield will be 0.4%, which is about the same as the industry average. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (27% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Annuncio • Aug 23
RHI Magnesita India Limited, Annual General Meeting, Sep 27, 2024 RHI Magnesita India Limited, Annual General Meeting, Sep 27, 2024, at 11:30 Indian Standard Time. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: ₹3.53 (vs ₹2.30 in 1Q 2024) First quarter 2025 results: EPS: ₹3.53 (up from ₹2.30 in 1Q 2024). Revenue: ₹8.82b (down 5.0% from 1Q 2024). Net income: ₹728.8m (up 56% from 1Q 2024). Profit margin: 8.3% (up from 5.0% in 1Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.7% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Annuncio • Aug 15
RHI Magnesita India Limited Appoints Parmod Sagar as Chairman of the Company RHI Magnesita India Limited announced the appointment of Mr. parmod sagar, managing Director and CEO as Chairman of the company post completion of tenure of Dr. Vijay Sharma, Independent Director & chairman of the company. with effect from November 12, 2024, designation of Parmod sagar would be chairman, managing director and CEO of the company. Annuncio • Jul 29
RHI Magnesita India Limited to Report Q1, 2025 Results on Aug 14, 2024 RHI Magnesita India Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Annuncio • May 30
RHI Magnesita India Limited Recommends Final Dividend RHI Magnesita India Limited informed that the Board of Directors of the Company met on May 29, 2024. Recommended a Final Dividend of INR 2.50 per Equity Share of INR 1 each of the Company which shall be paid within the fifth day from the conclusion of the Annual General Meeting, subject To Approve the shareholders of the Company. Reported Earnings • May 30
Full year 2024 earnings released: ₹4.88 loss per share (vs ₹27.85 loss in FY 2023) Full year 2024 results: ₹4.88 loss per share (improved from ₹27.85 loss in FY 2023). Revenue: ₹37.9b (up 39% from FY 2023). Net loss: ₹1.00b (loss narrowed 79% from FY 2023). Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 7.0% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Annuncio • May 10
RHI Magnesita India Limited to Report Q4, 2024 Results on May 29, 2024 RHI Magnesita India Limited announced that they will report Q4, 2024 results on May 29, 2024 Annuncio • Feb 19
RHI Magnesita India Limited Announces Resignation of Vijaya Gupta as Chief Financial Officer, Effective May 13, 2024 RHI Magnesita India Limited announced that Ms. Vijaya Gupta, Chief Financial Officer of the Company has resigned from the said position vide her resignation letter dated 14 February 2024 due to personal reasons. Her last working day will be 13 May 2024. Price Target Changed • Feb 16
Price target decreased by 11% to ₹736 Down from ₹825, the current price target is an average from 3 analysts. New target price is 15% above last closing price of ₹640. Stock is down 3.0% over the past year. The company is forecast to post earnings per share of ₹11.10 next year compared to a net loss per share of ₹27.85 last year. Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: ₹1.92 (vs ₹3.64 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.92 (down from ₹3.64 in 3Q 2023). Revenue: ₹9.24b (up 43% from 3Q 2023). Net income: ₹393.8m (down 33% from 3Q 2023). Profit margin: 4.3% (down from 9.1% in 3Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 2.3% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Annuncio • Jan 16
RHI Magnesita India Limited to Report Q3, 2024 Results on Feb 13, 2024 RHI Magnesita India Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Board Change • Dec 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Non-Executive Director Ticiana Kobel was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: ₹3.46 (vs ₹4.49 in 2Q 2023) Second quarter 2024 results: EPS: ₹3.46 (down from ₹4.49 in 2Q 2023). Revenue: ₹9.90b (up 65% from 2Q 2023). Net income: ₹713.1m (down 1.3% from 2Q 2023). Profit margin: 7.2% (down from 12% in 2Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.5% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 52% per year, which means it is well ahead of earnings. Annuncio • Oct 28
RHI Magnesita India Limited to Report Q2, 2024 Results on Nov 08, 2023 RHI Magnesita India Limited announced that they will report Q2, 2024 results on Nov 08, 2023 Annuncio • Sep 29
RHI Magnesita India Limited Declares Final Dividend for the Fiscal Year 2023 RHI Magnesita India Limited at its AGM held on 28 September 2023, declared final dividend of INR 2.50 per equity share for the fiscal year 2023. Upcoming Dividend • Sep 07
Upcoming dividend of ₹2.50 per share at 0.3% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 28 October 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.5%). Annuncio • Aug 22
RHI Magnesita India Limited, Annual General Meeting, Sep 28, 2023 RHI Magnesita India Limited, Annual General Meeting, Sep 28, 2023. Price Target Changed • Aug 15
Price target increased by 9.1% to ₹753 Up from ₹691, the current price target is an average from 3 analysts. New target price is 6.9% above last closing price of ₹705. Stock is up 32% over the past year. The company is forecast to post earnings per share of ₹16.65 next year compared to a net loss per share of ₹27.85 last year. New Risk • Aug 13
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risks Paying a dividend despite being loss-making. Shareholders have been diluted in the past year (28% increase in shares outstanding). Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: ₹2.30 (vs ₹5.11 in 1Q 2023) First quarter 2024 results: EPS: ₹2.30 (down from ₹5.11 in 1Q 2023). Revenue: ₹9.31b (up 55% from 1Q 2023). Net income: ₹467.6m (down 43% from 1Q 2023). Profit margin: 5.0% (down from 14% in 1Q 2023). Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 5.8% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 59% per year, which means it is well ahead of earnings. Annuncio • Jul 28
RHI Magnesita India Limited to Report Q1, 2024 Results on Aug 10, 2023 RHI Magnesita India Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • Jun 01
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: ₹27.85 loss per share (down from ₹16.71 profit in FY 2022). Revenue: ₹27.4b (up 37% from FY 2022). Net loss: ₹4.66b (down 273% from profit in FY 2022). Revenue exceeded analyst estimates by 8.8%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 5.2% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 63% per year, which means it is well ahead of earnings. Annuncio • May 17
RHI Magnesita India Limited to Report Q4, 2023 Results on May 30, 2023 RHI Magnesita India Limited announced that they will report Q4, 2023 results at 3:30 PM, Indian Standard Time on May 30, 2023 Annuncio • Feb 15
RHI Magnesita India Limited Announces Resignation of Rudraraju Suryanarayana Raju Venkata as Whole-Time Director RHI Magnesita India Limited at its board meeting held on February 13, 2023, announced Mr. Rudraraju Suryanarayana Raju Venkata has resigned from the position of whole-time director of the Company, due to personal reason, effective from closing hours of February 13, 2023. Reported Earnings • Feb 14
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: ₹3.64 (down from ₹4.73 in 3Q 2022). Revenue: ₹6.49b (up 20% from 3Q 2022). Net income: ₹586.8m (down 23% from 3Q 2022). Profit margin: 9.0% (down from 14% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has increased by 43% per year and the company’s share price has also increased by 43% per year. Annuncio • Feb 01
RHI Magnesita India Limited (BSE:534076) completed the acquisition of Refractory Business of Hi-Tech. RHI Magnesita India Limited (BSE:534076) entered into Business Transfer Agreement to acquire Refractory Business of Hi-Tech for INR 6.21 billion on October 18, 2022. The consideration is paid in cash. The transaction is subject to approval of Jharkhand Industrial development Authority. The transaction is subject to satisfaction of conditions precedent as provided in BTA. The transaction will close with in 3 months of date of execution of BTA.
RHI Magnesita India Limited (BSE:534076) completed the acquisition of Refractory Business of Hi-Tech on October 20, 2022. The cash consideration will process in next few months. Annuncio • Jan 31
RHI Magnesita India Limited to Report Q3, 2023 Results on Feb 13, 2023 RHI Magnesita India Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Price Target Changed • Jan 18
Price target increased to ₹785 Up from ₹725, the current price target is an average from 2 analysts. New target price is 8.3% below last closing price of ₹856. Stock is up 104% over the past year. The company is forecast to post earnings per share of ₹21.38 for next year compared to ₹16.71 last year. Annuncio • Jan 07
RHI Magnesita India Limited (BSE:534076) completed the acquisition of Dalmia-OCL Ltd from Dalmia Bharat Refractories Limited. RHI Magnesita India Limited (BSE:534076) agreed to acquire Dalmia-OCL Ltd from Dalmia Bharat Refractories Limited for INR 17.4 billion on November 19, 2022. RHI Magnesita will issue 27 million shares of the company for INR632.5029 per share in exchange for approximately 82.5 million shares of Dalmia-OCL. The transaction is conditional upon approval from State Government authority in relation to transfer of mining leases and transfer of leasehold of land situated in Odisha. As of November 19, 2022, Dalmia Bharat Refractories Limited's board approved the transaction. The Company will consolidate Dalmia-OCL Ltd's earnings and approximately INR 4.43 billion of net debt held by Dalmia-OCL Ltd. The transaction is expected to close within 3 months of the agreement. The transaction is expected to complete in the first quarter of 2023.
RHI Magnesita India Limited (BSE:534076) completed the acquisition of Dalmia-OCL Ltd from Dalmia Bharat Refractories Limited on January 5, 2023. Annuncio • Nov 21
RHI Magnesita India Limited (BSE:534076) agreed to acquire Dalmia-OCL Ltd from Dalmia Bharat Refractories Limited for INR 17.08 billion. RHI Magnesita India Limited (BSE:534076) agreed to acquire Dalmia-OCL Ltd from Dalmia Bharat Refractories Limited for INR 17.08 billion on November 19, 2022. RHI Magnesita will issue 27 million shares of the company for INR632.5029 per share in exchange for approximately 82.5 million shares of Dalmia-OCL. The transaction is conditional upon approval from State Government authority in relation to transfer of mining leases and transfer of leasehold of land situated in Odisha. As of November 19, 2022, Dalmia Bharat Refractories Limited's board approved the transaction. The Company will consolidate Dalmia-OCL Ltd's earnings and approximately INR 4.43 billion of net debt held by Dalmia-OCL Ltd. The transaction is expected to close within 3 months of the agreement. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 16% share price gain to ₹703, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 26x in the Basic Materials industry in India. Total returns to shareholders of 234% over the past three years. Reported Earnings • Nov 12
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: ₹4.49 (up from ₹2.68 in 2Q 2022). Revenue: ₹6.04b (up 40% from 2Q 2022). Net income: ₹722.3m (up 68% from 2Q 2022). Profit margin: 12% (up from 10.0% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 21%. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 40% per year. Annuncio • Oct 21
RHI Magnesita India Limited (BSE:534076) entered into Business Transfer Agreement to acquire Refractory Business of Hi-Tech for INR 6.21 billion. RHI Magnesita India Limited (BSE:534076) entered into Business Transfer Agreement to acquire Refractory Business of Hi-Tech for INR 6.21 billion on October 18, 2022. The consideration is paid in cash. The transaction is subject to approval of Jharkhand Industrial development Authority. The transaction is subject to satisfaction of conditions precedent as provided in BTA. The transaction will close with in 3 months of date of execution of BTA. Upcoming Dividend • Sep 07
Upcoming dividend of ₹2.50 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 26 October 2022. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (0.9%). Annuncio • Aug 24
RHI Magnesita India Limited, Annual General Meeting, Sep 26, 2022 RHI Magnesita India Limited, Annual General Meeting, Sep 26, 2022, at 15:30 Indian Standard Time. Reported Earnings • Aug 13
First quarter 2023 earnings released: EPS: ₹5.11 (vs ₹3.10 in 1Q 2022) First quarter 2023 results: EPS: ₹5.11 (up from ₹3.10 in 1Q 2022). Revenue: ₹6.02b (up 40% from 1Q 2022). Net income: ₹823.5m (up 65% from 1Q 2022). Profit margin: 14% (up from 12% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Aug 11
Price target increased to ₹635 Up from ₹545, the current price target is provided by 1 analyst. New target price is 19% above last closing price of ₹534. Stock is up 46% over the past year. The company posted earnings per share of ₹16.71 last year. Annuncio • Aug 03
RHI Magnesita India Limited to Report Q1, 2023 Results on Aug 10, 2022 RHI Magnesita India Limited announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 28
Full year 2022 earnings released: EPS: ₹16.71 (vs ₹8.49 in FY 2021) Full year 2022 results: EPS: ₹16.71 (up from ₹8.49 in FY 2021). Revenue: ₹20.0b (up 46% from FY 2021). Net income: ₹2.69b (up 97% from FY 2021). Profit margin: 13% (up from 10.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 14
RHI Magnesita India Limited to Report Q4, 2022 Results on May 27, 2022 RHI Magnesita India Limited announced that they will report Q4, 2022 results on May 27, 2022 Price Target Changed • Apr 27
Price target increased to ₹545 Up from ₹444, the current price target is provided by 1 analyst. New target price is 12% below last closing price of ₹617. Stock is up 106% over the past year. The company posted earnings per share of ₹8.49 last year. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 18% share price gain to ₹587, the stock trades at a trailing P/E ratio of 44.6x. Average trailing P/E is 16x in the Basic Materials industry in India. Total returns to shareholders of 151% over the past three years. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 30% share price gain to ₹554, the stock trades at a trailing P/E ratio of 42.1x. Average trailing P/E is 15x in the Basic Materials industry in India. Total returns to shareholders of 203% over the past three years. Reported Earnings • Feb 13
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: ₹4.73 (up from ₹2.03 in 3Q 2021). Revenue: ₹5.43b (up 171% from 3Q 2021). Net income: ₹760.9m (up 212% from 3Q 2021). Profit margin: 14% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 91%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Dec 27
Price target increased to ₹444 Up from ₹384, the current price target is provided by 1 analyst. New target price is 21% above last closing price of ₹367. Stock is up 49% over the past year. The company is forecast to post earnings per share of ₹8.11 for next year compared to ₹8.49 last year. Upcoming Dividend • Sep 10
Upcoming dividend of ₹2.50 per share Eligible shareholders must have bought the stock before 17 September 2021. Payment date: 06 October 2021. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.9%). Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 17% share price gain to ₹386, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 28x in the Basic Materials industry in India. Total returns to shareholders of 76% over the past three years. Reported Earnings • Jun 30
Full year 2021 earnings released: EPS ₹8.49 (vs ₹7.23 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: ₹13.7b (up 96% from FY 2020). Net income: ₹1.37b (up 57% from FY 2020). Profit margin: 10.0% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Price Target Changed • Jun 29
Price target increased to ₹315 Up from ₹292, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ₹327. Stock is up 85% over the past year. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 18% share price gain to ₹268, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 28x in the Basic Materials industry in India. Total returns to shareholders of 67% over the past three years. Price Target Changed • Feb 19
Price target raised to ₹275 Up from ₹243, the current price target is provided by 1 analyst. The new target price is 16% above the current share price of ₹238. As of last close, the stock is up 7.6% over the past year. Reported Earnings • Feb 15
Third quarter 2021 earnings released: EPS ₹2.03 (vs ₹1.66 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ₹2.02b (up 20% from 3Q 2020). Net income: ₹243.9m (up 23% from 3Q 2020). Profit margin: 12% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Annuncio • Jan 29
Orient Refractories Limited to Report Q3, 2021 Results on Feb 12, 2021 Orient Refractories Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Price Target Changed • Jan 21
Price target raised to ₹243 Up from ₹220, the current price target is provided by 1 analyst. The new target price is close to the current share price of ₹240. As of last close, the stock is down 5.0% over the past year. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 19% share price gain to ₹246, the stock is trading at a trailing P/E ratio of 43x, up from the previous P/E ratio of 36.2x. This compares to an average P/E of 17x in the Basic Materials industry in India. Total returns to shareholders over the past three years are 54%. Is New 90 Day High Low • Dec 28
New 90-day high: ₹246 The company is up 28% from its price of ₹192 on 29 September 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 23% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: ₹230 The company is up 22% from its price of ₹189 on 08 September 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 30% over the same period. Is New 90 Day High Low • Nov 18
New 90-day high: ₹221 The company is up 6.0% from its price of ₹209 on 20 August 2020. The Indian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 18% over the same period. Reported Earnings • Nov 05
Second quarter 2021 earnings released: EPS ₹1.73 The company reported a soft second quarter result with weaker earnings and profit margins, although revenues were improved. Second quarter 2021 results: Revenue: ₹1.82b (up 1.1% from 2Q 2020). Net income: ₹207.2m (down 21% from 2Q 2020). Profit margin: 11% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Annuncio • Nov 05
Orient Refractories Limited Appoints Nazim Sheikh as an Additional Director Orient Refractories Limited at its board meeting held on November 3, 2020 announced that Mr. Nazim Sheikh appointed as an additional director up to the date of next annual general meeting. Further he is also appointed as an independent director for a period of 5 years with effect from 3 November 2020, subject To Approve the shareholders of the Company at the next annual general meeting to be held in the year 2021. Price Target Changed • Oct 15
Price target raised to ₹220 Up from ₹167, the current price target is provided by 1 analyst. The new target price is 15% above the current share price of ₹191. As of last close, the stock is down 9.2% over the past year. Annuncio • Sep 24
Orient Refractories Limited Announces Retirement of Rama Shanker Bajoria as an Independent Director Orient Refractories Limited announced that Mr. Rama Shanker Bajoria will retire as an Independent Director of the Company, effective 23 September 2020 (close of business hours) upon completion of his second tenure. His second term of appointment was from 24 September 2015 till 23 September 2020. In compliance with the requirements of applicable laws for composition of the Board and its Committees, the Company is in the process of appointment of new director.