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RHI Magnesita India Limited (RHIM) Fair Value & Analysis

Industrials · IN · Market cap ₹83.3B

RM RHI Magnesita India Limited RHIM · NSE
Price₹384.30
Fair Value₹192.88
Upside-49.8%
Quality49/100
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Evidence: High Range ₹141.17 – ₹244.60

Fair value as of: Jul 3, 2026

From 15 valuation models · updated today

Share price +1.8% over the past month.

Price vs Fair Value (12 months)

₹524.05 ₹334.10 Fair Value ₹192.88 Jul 2025 Jul 2026

12‑month range ₹334.10 – ₹524.05 · fair‑value band ₹141.17 – ₹244.60 · the ₹384.30 price screens above the ₹192.88 fair value. As of Jul 3, 2026.

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Analysis

RHI Magnesita India Limited (RHIM) currently trades at ₹384.30, while our model-based Fair Value estimate is ₹192.88 — implying the stock looks roughly 49.8% overvalued today. We read business quality at 49/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, RHI Magnesita India Limited generated revenue of ₹40.2B at a net margin of -9.5%. Revenue grew 1.6% year over year. It earns a return on equity of -10.1%. Net debt stands at ₹2.9B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹40.2B
Revenue growth (YoY) +1.6%
Net margin -9.5%
Return on equity -10.1%
Free cash flow ₹2.6B FY2026
Operating margin 3.9%
More key figures
EPS (TTM) ₹-18.53
Dividend yield 0.6%
EPS growth (YoY) +30.0%
Net debt ₹2.9B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

RHI Magnesita India Limited engages in the manufacture and trading of refractories, monolithics, bricks, and ceramic paper in India and internationally. The company offers isostatically pressed continuous casting refractories, slide gate plates, nozzles and well blocks, tundish nozzles, bottom purging refractories and top purging lances, slag arresting darts, castables, and high alumina bricks, and magnesia carbon bricks, as well as spray mass for tundish working linings. It also provides solutions, such as total refractory management/full line service; engineering solutions comprising refractories health inspection, failure analysis, and design optimization; and complete project management solutions, including drawing and engineering, supply, installation, and commissioning, as well as after- sales service and maintenance. In addition, the company offers management services. It serves the steel, cement, nonferrous metals, glass, environment and energy, foundry, and paper and pulp …

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

RHI Magnesita India Limited reported revenue of ₹40.2B in FY2026 versus ₹20.0B in FY2022, a compound +19.1%/yr. Reported net income was −₹3.8B in FY2026.

Revenue +19.1%/yr
FY22 ₹20.0B
FY23 ₹27.3B
FY24 ₹37.8B
FY25 ₹36.7B
FY26 ₹40.2B
Net income
FY22 ₹2.7B
FY23 −₹4.7B
FY24 −₹1.0B
FY25 ₹2.0B
FY26 −₹3.8B

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Frequently asked questions

Is RHI Magnesita India Limited (RHIM) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹192.88 versus a price of ₹384.30 — about −50% (overvalued). Model-based estimate, not financial advice.
What is the fair value of RHIM?
Our model-based fair value for RHI Magnesita India Limited is ₹192.88 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹384.30.
What is the quality score of RHIM?
RHI Magnesita India Limited has a Quality Score of 49/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of RHI Magnesita India Limited (RHIM)?
RHI Magnesita India Limited reported trailing-twelve-month revenue of about ₹40.2B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of RHIM?
The net profit margin of RHI Magnesita India Limited is about -9.5%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does RHI Magnesita India Limited pay a dividend?
RHI Magnesita India Limited currently shows a dividend yield of about 0.64% relative to its recent price (as of Jul 3, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.