Rhetan TMT Ltd (RHETAN) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of Rhetan TMT Ltd stock ₹15.22, price ₹14.13, upside +7.7%, quality 46 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value 30%+ above price?No
Quality 50+?No
In an uptrend?No
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
Rhetan TMT Limited engages in the manufacture and sale of thermo-mechanically treated (TMT) bars in India.
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It offers TMT bars which are used in building homes, multi-storeyed, bridges, flyovers, and other civil engineering structures, as well as construction industry; and round bars for use in engineering component, forging industry, foundation bolts, and shafting products.
The company was incorporated in 1984 and is based in Ahmedabad, India.
Stock analysis
Rhetan TMT Ltd (RHETAN) currently trades at ₹14.13, while our model-based Fair Value estimate is ₹15.22, so the stock looks roughly fairly valued today (gap 7.2%).
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Valuation
Bull case: the Asset-Based group reads highest at a median of ₹79.91 per share, and 10 of the 12 models we run sit above the ₹14.13 price.
Bear case: the Earnings-Based group reads lowest at ₹5.71, and 2 of the 12 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹6.66 (bear) to ₹27.58 (bull), the price of ₹14.13 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 46/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Spin-off in 2026: revenue and profit before it include the divested business. Growth is measured afresh from 2026.
Rhetan TMT Ltd reported revenue of ₹244M in FY2026 versus ₹670M in FY2022, a compound −22.3%/yr. Reported net income was ₹103M in FY2026, compounding +44.8%/yr from FY2022.
Key figures
Market cap ₹11.3B (≈ $118M) Micro · P/E ratio 83.1 · P/S ratio 48.0 · EPS (TTM) ₹0.1700 · Net margin 54.1% · Return on equity 10.2% · Return on assets (EBIT) 5.1% · Operating margin −20.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 58% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at 8%, RHETAN screens cheaper than that median.
Fair Value models
Bear₹6.66Fair Value ₹15.22Bull₹27.58
Price ₹14.13 · Upside +7.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹0.0987 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2026: revenue and profit before it include the divested business. Growth is measured afresh from 2026.
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +17.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.7%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.2% → 25%
⚠ Rate on operating basis: 2026 sits 108% above its own trend.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Steel · 406 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside+7.7% · Above median
Profitability
Return on equity (12 months)10.2% · Above median
Return on assets6.2% · Top 25%
Net margin (12 months)54.1% · Top 25%
Operating margin (12 months)−20.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−19.3% · Bottom 25%
Balance sheet
Debt / equity0.25× · Above median
Valuation Multiplesvs Steel median · lower = cheaper
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Is Rhetan TMT Ltd (RHETAN) overvalued or undervalued?
As of Oct 28, 2026, our model estimates a fair value of ₹15.22 versus a price of ₹14.13, about +8% upside (fairly valued).
What is the fair value of RHETAN?
Our model-based fair value for Rhetan TMT Ltd is ₹15.22 (as of Oct 28, 2026), built from audited fundamentals. The current price: ₹14.13.
What is the quality score of RHETAN?
Rhetan TMT Ltd has a Quality Score of 46/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Rhetan TMT Ltd (RHETAN)?
Our model-based price target is the fair value of ₹15.22 (as of Oct 28, 2026) from 13 valuation models. Cautious scenario ₹6.66, optimistic scenario ₹27.58. It is a calculation from audited fundamentals, not an analyst target.
What is the Rhetan TMT Ltd stock forecast for 2026?
Our models put fair value at ₹15.22, about +8% upside versus a price of ₹14.13 (fairly valued). Cautious scenario ₹6.66, optimistic scenario ₹27.58. The calculation is refreshed regularly with new filings.
What is the revenue of Rhetan TMT Ltd (RHETAN)?
Rhetan TMT Ltd reported trailing-twelve-month revenue of about ₹235M (latest available figure, as of Oct 28, 2026).
What is the intrinsic value of Rhetan TMT Ltd (RHETAN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Rhetan TMT Ltd it is ₹15.22 per share (as of Oct 28, 2026), against a price of ₹14.13. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Rhetan TMT Ltd stock overvalued or undervalued in 2026?
As of Oct 28, 2026, RHETAN trades below its calculated fair value: price ₹14.13, fair value ₹15.22, a gap of about +8% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of RHETAN?
No. The price is what the market pays today (₹14.13); the fair value is what the company's own numbers justify (₹15.22). For Rhetan TMT Ltd the two are ₹1.09 per share apart. That gap is exactly why we show both numbers side by side.
How much is Rhetan TMT Ltd worth?
The market values Rhetan TMT Ltd at about ₹11.3B (market capitalisation, as of Oct 28, 2026). Per share that is ₹14.13; our models calculate a fair value of ₹15.22 per share.
What do the bullish and bearish scenarios say about RHETAN?
Our models span a range for Rhetan TMT Ltd: cautious scenario ₹6.66, base ₹15.22, optimistic ₹27.58 per share (as of Oct 28, 2026, price ₹14.13). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RHETAN?
Rhetan TMT Ltd trades at a price-to-earnings ratio of 83.1 (as of Oct 28, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹15.22 is built from several models across several years. Other multiples: P/B 10.4, P/S 48.0.
How solid is the balance sheet of Rhetan TMT Ltd (RHETAN)?
Balance-sheet figures for Rhetan TMT Ltd (as of Oct 28, 2026): return on equity 10.2%, debt of 0.25 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is RHETAN from its 52-week high?
Rhetan TMT Ltd trades at ₹14.13, about 58% below its 52-week high of ₹33.80 and at the low of ₹14.13 (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of ₹15.22 is for.
Which stocks are comparable to Rhetan TMT Ltd?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Rhetan TMT Ltd stock attractive at the current price?
The data as of Oct 28, 2026: price ₹14.13, calculated fair value ₹15.22 (+8%), Quality Score 46/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of RHETAN calculated?
We run Rhetan TMT Ltd through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹15.22, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.4 % above its aggregate fair value. Rhetan TMT Ltd currently trades 7 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Rhetan TMT Ltd (RHETAN)?
The closing price on Oct 28, 2026 was ₹14.13. Our model-based fair value is ₹15.22, about +8% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Rhetan TMT Ltd right now?
The model range is unusually wide (₹6.66 to ₹27.58). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Rhetan TMT Ltd
How large is the market capitalisation of Rhetan TMT Ltd (RHETAN)?
The market capitalisation of Rhetan TMT Ltd is ₹11.3B (≈ $118M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Rhetan TMT Ltd (RHETAN)?
The price-to-sales ratio of Rhetan TMT Ltd is 48.0 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Rhetan TMT Ltd (RHETAN)?
Earnings per share at Rhetan TMT Ltd are ₹0.1700 (price ÷ EPS = P/E 83.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Rhetan TMT Ltd (RHETAN)?
The net margin of Rhetan TMT Ltd is 54.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Rhetan TMT Ltd (RHETAN)?
The return on equity (ROE) of Rhetan TMT Ltd is 10.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Rhetan TMT Ltd (RHETAN)?
On an EBIT basis the return on assets of Rhetan TMT Ltd is 5.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Rhetan TMT Ltd (RHETAN)?
The operating margin of Rhetan TMT Ltd is −20.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Rhetan TMT Ltd (RHETAN)?
Revenue at Rhetan TMT Ltd is growing −19.3% versus a year earlier (3y avg −34.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Rhetan TMT Ltd (RHETAN)?
Earnings per share at Rhetan TMT Ltd are growing +300% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Rhetan TMT Ltd (RHETAN) generate?
The free cash flow of Rhetan TMT Ltd is −₹30.8M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Rhetan TMT Ltd (RHETAN) carry?
The net debt of Rhetan TMT Ltd is ₹414M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 28, 2026