RHI Magnesita India Limited

NSEI:RHIM Stock Report

Market Cap: ₹102.5b

RHI Magnesita India Valuation

Is RHIM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of RHIM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RHIM (₹496.8) is trading above our estimate of fair value (₹426.96)

Significantly Below Fair Value: RHIM is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RHIM?

Key metric: As RHIM is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for RHIM. This is calculated by dividing RHIM's market cap by their current revenue.
What is RHIM's PS Ratio?
PS Ratio2.8x
Sales₹36.12b
Market Cap₹102.52b

Price to Sales Ratio vs Peers

How does RHIM's PS Ratio compare to its peers?

The above table shows the PS ratio for RHIM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.7x
540575 Star Cement
3.1x15.7%₹92.0b
500335 Birla
1x7.0%₹94.7b
500380 JK Lakshmi Cement
1.5x10.5%₹96.4b
500338 Prism Johnson
1.2x7.6%₹85.9b
RHIM RHI Magnesita India
2.8x11.7%₹102.5b

Price-To-Sales vs Peers: RHIM is expensive based on its Price-To-Sales Ratio (2.8x) compared to the peer average (1.7x).

Price to Sales Ratio vs Industry

How does RHIM's PS Ratio compare vs other companies in the IN Basic Materials Industry?

1 CompanyPrice / SalesEstimated GrowthMarket Cap
502271 Raasi Refractories
0.3xn/aUS$1.31m
No more companies available in this PS range
RHIM 2.8xIndustry Avg. 1.9xNo. of Companies11PS01.22.43.64.86+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: RHIM is expensive based on its Price-To-Sales Ratio (2.8x) compared to the Indian Basic Materials industry average (1.9x).

Price to Sales Ratio vs Fair Ratio

What is RHIM's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RHIM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.8x
Fair PS Ratio2.2x

Price-To-Sales vs Fair Ratio: RHIM is expensive based on its Price-To-Sales Ratio (2.8x) compared to the estimated Fair Price-To-Sales Ratio (2.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst RHIM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹496.80
₹698.33
+40.6%
10.3%₹799.00₹633.00n/a3
Dec ’25₹520.80
₹698.33
+34.1%
10.3%₹799.00₹633.00n/a3
Nov ’25₹595.90
₹751.67
+26.1%
11.8%₹854.00₹637.00n/a3
Oct ’25₹623.15
₹751.67
+20.6%
11.8%₹854.00₹637.00n/a3
Sep ’25₹613.40
₹751.67
+22.5%
11.8%₹854.00₹637.00n/a3
Aug ’25₹601.00
₹768.67
+27.9%
12.3%₹854.00₹637.00n/a3
Jul ’25₹642.65
₹768.67
+19.6%
12.3%₹854.00₹637.00n/a3
Jun ’25₹707.15
₹768.67
+8.7%
12.3%₹854.00₹637.00n/a3
May ’25₹650.25
₹736.33
+13.2%
12.2%₹854.00₹637.00n/a3
Apr ’25₹575.40
₹736.33
+28.0%
12.2%₹854.00₹637.00n/a3
Mar ’25₹578.55
₹736.33
+27.3%
12.2%₹854.00₹637.00n/a3
Feb ’25₹725.25
₹825.33
+13.8%
7.1%₹870.00₹742.00n/a3
Jan ’25₹802.45
₹796.25
-0.8%
9.0%₹870.00₹709.00₹497.804
Dec ’24₹753.80
₹796.25
+5.6%
9.0%₹870.00₹709.00₹520.804
Nov ’24₹678.50
₹782.75
+15.4%
10.9%₹871.00₹687.00₹595.904
Oct ’24₹746.20
₹753.33
+1.0%
10.5%₹864.00₹687.00₹623.153
Sep ’24₹711.80
₹753.33
+5.8%
10.5%₹864.00₹687.00₹613.403
Aug ’24₹678.80
₹690.67
+1.7%
2.9%₹709.00₹663.00₹601.003
Jul ’24₹645.80
₹690.67
+6.9%
2.9%₹709.00₹663.00₹642.653
Jun ’24₹654.15
₹681.50
+4.2%
2.7%₹700.00₹663.00₹707.152
May ’24₹641.95
₹709.00
+10.4%
1.3%₹718.00₹700.00₹650.252
Apr ’24₹630.30
₹709.00
+12.5%
1.3%₹718.00₹700.00₹575.402
Mar ’24₹648.45
₹720.00
+11.0%
4.2%₹750.00₹690.00₹578.552
Feb ’24₹787.10
₹785.00
-0.3%
12.1%₹880.00₹690.00₹725.252
Jan ’24₹839.60
₹735.00
-12.5%
6.1%₹780.00₹690.00₹802.452

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/04 06:11
End of Day Share Price 2025/01/03 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

RHI Magnesita India Limited is covered by 10 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Bhalchandra ShindeAnand Rathi Shares and Stock Brokers Limited
null nullAsian Markets Securities Private Limited
Rajesh MajumdarBatlivala & Karani Securities India Pvt. Ltd.