Rhi Magnesita India logo

Rhi Magnesita India share price

NSE: RHIMBSE: 534076Industrial ProductsSmall Cap

Formerly Orient Refractories
Last close ₹351.30down ₹1.95 (0.55%)BSE ₹351.30

Share price at the NSE close on 23 Oct 2026. Previous close ₹353.25.

52-week range of traded prices to 23 Oct 2026
₹323.05Low, 30 Mar 2026₹499.60High, 7 Jan 2026
Market cap
₹7,254 Cr607th largest listed
P/E
Lossover the last 12 months
P/B
2.0
Dividend yield
0.71%
ROE
−9.4%
ROE without one-offs
5.4%
ROCE
7.2%
Debt to equity
0.09
Volume, NSE
2,25,84742.3% delivered

Share price

Daily closes since Mar 2012, BSE closes in Mar 2012, adjusted for splits and bonuses

−22.0%over a year

Results20-session average 3,08,462 shares a day, 46.6% delivered

Results

Standalone, as consolidated accounts are on record for only 7 of the last ten years; ₹ crore, the charts by years to March, the table by quarter.Quarterly results

Quarter to Jun 2026, against the quarter beforeFiled 11 Aug

Revenue
₹863 Crup 9.89%
Net profit
₹78 CrQuarter to Mar 2026: −₹624 Cr
Net margin
9.1%

Revenue by year

Net profit by year, a loss in red

  • Net profit
  • Loss
A loss in the year to Mar 2026, −₹468 CrA loss in 3 of the 10 years shown

The years either side of a change of basis do not compare. From the year to Mar 2021, the company's revenue for that year, ₹1,366 Cr, differs from its quarters added, ₹900 Cr.

₹ croreSep 2024Filed 8 NovDec 2024Filed 12 FebMar 2025Filed 16 JunJun 2025Filed 8 AugSep 2025Filed 10 NovDec 2025Filed 14 FebMar 2026Filed 29 MayJun 2026Filed 11 Aug
Revenue661774755805862903786863
Net profit495636474169−62478
Net margin7.4%7.3%4.8%5.8%4.8%7.6%−79.5%9.1%
Standalone. The last eight quarters. The latest is shaded.

Business segments

In the year to Mar 2026 the company reports one business segment, manufacturing of refactory and monolithics items, which carries all its revenue.

Valuation

Today, against the company's own history. Not shown, P/E: loss, last twelve months. Its history crosses a change of basis in the accounts in the year to Mar 2021: days before it are of the company before the change.PE ratio and valuation history

Price to book

At or below today's level on 4% of 934 trading days over the last 5 years.

LowestHighest
Its median2.8Industry median2.3
EV to EBITDA15.5

At or below today's level on 1% of 934 trading days over the last 5 years.

LowestHighest
Its median21.9Industry median18.9
Dividend yield

At or below today's level on 51% of 2,419 trading days over the last 10 years.

LowestHighest
Its median0.70%Industry median0.70%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−32.7%––0.7%
3 years−18.2%––0.6%
5 years+8.9%––0.5%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 3 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Who owns it

Per cent of the company's shares, from the filing for Sep 2026.Shareholding pattern

Shareholding by group

  • Promoters56.07%
  • Foreign institutions3.16%
  • Indian institutions26.07%
  • Individuals and others14.69%
Holder
DUTCH US HOLDING BVPromoter40.03%
DUTCH BRASIL HOLDING B.V.Promoter9.99%
VRD AMERICAS B.V.Promoter6.06%
CLARUS CAPITAL IAlternative investment funds1.97%
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRSInvestor education fund1.52%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Mutual funds holding it

83 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 42 of the 52 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.Mutual fund holdings

Bought for the first time
3
Bought again
3
Added
30
Cut
22
Held unchanged
24
Sold out
2
Fund
SBI Mutual Fund logoSBI Small Cap FundSBI Mutual Fund1,66,66,6671.56%₹641.4 Cr
Nippon India Mutual Fund logoNippon India Small Cap FundNippon India Mutual Fund44,80,9560.21%₹172.4 Cr
Axis Mutual Fund logoAxis Small Cap FundAxis Mutual Fund43,53,9590.55%₹167.6 Cr
Bandhan Mutual Fund logoBandhan Small Cap FundBandhan Mutual Fund38,16,8930.41%₹146.9 Cr
Bajaj Finserv Mutual Fund logoBajaj Finserv Flexi Cap FundBajaj Finserv Mutual Fund17,47,5560.79%₹67.3 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Multi Cap FundICICI Prudential Mutual Fund17,30,6760.36%₹66.6 Cr
Canara Robeco Mutual Fund logoCanara Robeco Small Cap FundCanara Robeco Mutual Fund16,55,0240.46%₹63.7 Cr
Bandhan Mutual Fund logoBandhan Value FundBandhan Mutual Fund14,23,1260.58%₹54.8 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Infrastructure FundICICI Prudential Mutual Fund11,39,8650.53%₹43.9 Cr
Sundaram Mutual Fund logoSundaram Small Cap FundSundaram Mutual Fund9,88,1280.93%₹38.0 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Peers and competitors

Electrodes & Refractories, 14 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Rhi Magnesita India in market cap.

Rhi Magnesita India is not on the chart: it has no P/E today

Return on equity across, P/E up, size is market cap
Company
Graphite India logoGraphite IndiaGRAPHITE13,46263.22.3153.1+21.3%−40.7%3.6%−0.1%1.02%
Vesuvius India logoVesuvius IndiaVESUVIUS7,98931.24.620.8+8.9%+2.2%15.7%16.4%0.38%
Raghav Productivity Enhancers logoRaghav Productivity EnhancersRPEL7,495106.326.679.7+38.2%+55.0%28.4%30.4%0.06%
HEG Advanced Materials logoHEG Advanced MaterialsHEGAM6,556–––+19.7%+82.3%––0.61%
Monolithisch India logoMonolithisch IndiaMONOLITH2,558111.119.6–––17.6%–0.00%
IFGL Refractories logoIFGL RefractoriesIFGLEXPOR1,14127.91.09.4+15.4%+40.5%3.6%4.6%1.36%
Foseco Crucible (India) logoFoseco Crucible (India)FOSECOC97341.96.917.0+2.4%−8.6%17.1%31.0%0.72%
Orient Ceratech Ltd-$ logoOrient Ceratech Ltd-$ORIENTCER46417.81.59.9+24.0%+130.8%8.9%9.4%0.90%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Dividend history and dates

Dividend per share, ₹, restated for later splits and bonuses

Highest ₹2.50 a share, in 10 years, the latest the year to Mar 2026.
Ex-dateTypePer share
11 Sep 2026Final₹2.50
12 Sep 2025Final₹2.50
5 Sep 2024Final₹2.50
14 Sep 2023Final₹2.50
14 Sep 2022Final₹2.50
17 Sep 2021Final₹2.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Share news and announcements

Rhi Magnesita India share price by year

Each calendar year to 2025.Rhi Magnesita India share price history

YearClose at year endChangeHighest closeLowest close
2025459.05−8.8%533.65382.60
2024503.10−37.5%805.35492.70
2023805.25−4.1%877.20580.80
2022839.60+129.0%847.60366.20
2021366.65+45.5%400.45215.85
2020252.00+6.6%259.20111.10
2019236.50+0.8%250.85165.00
2018234.55+40.9%275.50154.55
2017166.45+44.9%169.70114.65
2016114.90+27.9%131.2572.00
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The last 10 trading days to 23 Oct 2026, as traded on NSE.

DateOpenHighLowCloseAverage priceVolumeDelivery
23 Oct 2026352.20355.60341.25351.30349.682,25,84742.3%
22 Oct 2026360.00361.95352.00353.25355.332,39,35149.4%
21 Oct 2026362.95365.70356.20360.05361.092,73,97651.3%
19 Oct 2026373.00373.00360.80361.40364.902,72,32775.8%
16 Oct 2026371.40372.30365.40370.15369.8782,58745.2%
15 Oct 2026371.40374.80366.60368.70370.291,31,05851.2%
14 Oct 2026370.40375.50368.65371.40372.241,34,39149.1%
13 Oct 2026368.30372.10365.00370.90368.0779,55046.4%
12 Oct 2026373.00374.65368.30369.80371.271,33,34437.6%
9 Oct 2026371.55376.20363.05369.10370.192,50,78832.2%
Prices in ₹ per share as traded, not adjusted.

About Rhi Magnesita India

RHI Magnesita India Limited supplies refractory products, systems and solutions to industries that run high-temperature processes. Its customers are in steel, cement, non-ferrous metals, glass and petrochemicals. It serves more than 850 customers, including international customers, and has a workforce of over 6,000 employees.

The business reports a Steel Division and an Industrial Division. The company operates eight manufacturing plants, two mines and two mechanism plants. The production plants are at Jamshedpur in Jharkhand, Katni in Madhya Pradesh, Bhiwadi in Rajasthan, Khambhalia in Gujarat, Dalmiapuram in Tamil Nadu, Visakhapatnam in Andhra Pradesh, and Cuttack and Rajgangpur in Odisha. Its facilities also stand in Chhattisgarh and Maharashtra, close to the steel and cement clusters it supplies. The two mines extract quartzite, at Raigarh in Chhattisgarh and Bhikampali in Odisha, and a recycling plant operates at Khemka in Odisha. The corporate office is in Gurugram and a sales office is in Kolkata.

The company was incorporated in 2010. Its domestic acquisitions include Dalmia Bharat Refractories, Hi-Tech Chemicals and Ashwath Technologies. It acquired 100% ownership of Ashwath Technologies Pvt. Ltd. on 1 August 2025. Ashwath has a portfolio of slide gate systems, spare parts and refractory resale solutions, and strengthens the company's steel flow control machinery in India.

The company has also launched RHIM Khemka MINPRO, a mineral processing joint venture with Khemka Refractories. It is part of the global RHI Magnesita Group, and describes its operations as backed by the group's technology, research and development, and global product range.

Legal name
RHI MAGNESITA INDIA LIMITED
NSE symbol
RHIM
BSE code
534076
ISIN
INE743M01012
Industry
Industrial Products
Listed
Mar 2012
Face value
₹1
Former symbols
ORIENTREF
CIN
L28113MH2010PLC312871
Corporate identity number, the registrar of companies' code for it