RHI Magnesita India Limited is a leading player in the refractory industry, specializing in the production of high-grade refractory products, systems, and solutions. Refractories are essential materials used to withstand extremely high temperatures, often exceeding 1,200°C, making them indispensable for industries such as steel, cement, non-ferrous metals, and glass. RHI Magnesita India plays a crucial role in these industries, ensuring the durability and efficiency of equipment operating under intense heat.
The company has established a robust manufacturing presence with nine production facilities strategically located across India. This wide network of facilities enables RHI Magnesita India to meet the growing demands of its extensive customer base, which includes over 1,500 clients in India, West Asia, and Africa. Additionally, the company operates a world-class research and development (R&D) center in Bhiwadi, Rajasthan, focusing on innovation and product enhancement. By continually refining its product portfolio, RHI Magnesita India offers a wide range of refractory materials that are designed to withstand extreme conditions, ensuring longevity and efficiency for industrial processes.
Beyond its operational achievements, RHI Magnesita India is committed to sustainability and innovation. The company continuously strives to improve its products and processes, aligning with the evolving needs of its customers while maintaining an environmentally responsible approach. With its focus on innovation and quality, RHI Magnesita India stands as a crucial partner for industries that rely on high-temperature operations.
Shareholding Patterns of RHI Magnesita India Ltd
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 55.47% | 56.07% | 56.07% | 56.07% | 56.07% |
| FIIs + | 3.79% | 3.68% | 3.67% | 3.78% | 4.74% |
| DIIs + | 14.08% | 13.59% | 13.76% | 13.29% | 12.80% |
| Public + | 26.67% | 26.65% | 26.51% | 26.86% | 26.40% |
| No. of Shareholders | 65,184 | 73,698 | 71,705 | 74,075 | 69,476 |
The shareholding pattern of the company from June 2023 to June 2024 shows notable trends among various investor categories. Promoters maintained a dominant and stable position, increasing slightly from 55.47% in June 2023 to 56.07% by September 2023 and then holding steady at 56.07% through June 2024. This indicates a strong level of confidence from the promoters.
Foreign Institutional Investors (FIIs) show a gradual increase in their stake, starting at 3.79% in June 2023, experiencing a minor dip to 3.67% in December 2023, but then rising to 4.74% by June 2024. This upward trend reflects growing interest and confidence from international investors.
Domestic Institutional Investors (DIIs), on the other hand, saw a gradual decline in their holdings, dropping from 14.08% in June 2023 to 12.80% by June 2024. This decrease suggests a possible shift in investment strategy by domestic institutions over the period.
Public shareholding remained relatively consistent, fluctuating only slightly between 26.40% and 26.86% across the year, showing stability in retail investor participation.
The number of shareholders fluctuated over the period, peaking at 74,075 in March 2024 before decreasing to 69,476 by June 2024, indicating some changes in the overall investor base. Overall, the shareholding pattern shows steady control by promoters, rising FII interest, and a slight decline in DII involvement.
How to purchase RHI Magnesita India Ltd shares?
Below are the trading platforms that you can use to purchase RHI Magnesita India Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
RHI Magnesita India Share Price Prediction: 2024 to 2030
RHI Magnesita India Can Share Price Target 2024
| When | Maximum Price | Minimum Price |
| October 2024 | 637.05 | 553.96 |
| November 2024 | 662.54 | 576.12 |
| December 2024 | 669.16 | 581.88 |
In October 2024, the maximum price of RHI Magnesita India is projected to reach ₹637.05, while the minimum price is expected to be ₹553.96. Moving forward into November 2024, RHI Magnesita India’s stock may witness a maximum of ₹662.54 and a minimum of ₹576.12. By the time we step into December 2024, RHI Magnesita India is anticipated to have a maximum price of ₹669.16 and a minimum of ₹581.88.
RHI Magnesita India Can Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 675.85 | 519.89 |
| February 2025 | 682.68 | 525.14 |
| March 2025 | 697.02 | 536.17 |
| April 2025 | 690.12 | 530.86 |
| May 2025 | 670.01 | 515.40 |
| June 2025 | 700.17 | 538.59 |
| July 2025 | 686.44 | 528.03 |
| August 2025 | 707.67 | 544.36 |
| September 2025 | 716.16 | 550.89 |
| October 2025 | 734.78 | 565.21 |
| November 2025 | 753.15 | 579.34 |
| December 2025 | 787.04 | 605.42 |
As we step into 2025, RHI Magnesita India is expected to see its stock prices fluctuate throughout the year. In January, the maximum price could reach ₹675.85, rising to ₹697.02 by March. By mid-year, June may see a peak of ₹700.17, with prices continuing to rise, reaching ₹707.67 in August. As we approach October, the stock is projected to hit ₹734.78 and climb to ₹787.04 by December 2025.
RHI Magnesita India Can Share Price Prediction 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 810.65 | 623.58 |
| February 2026 | 790.38 | 607.99 |
| March 2026 | 806.19 | 620.15 |
| April 2026 | 822.65 | 632.80 |
| May 2026 | 814.50 | 626.54 |
| June 2026 | 834.86 | 642.20 |
| July 2026 | 818.49 | 629.61 |
| August 2026 | 843.81 | 649.08 |
| September 2026 | 860.68 | 662.06 |
| October 2026 | 883.06 | 679.28 |
| November 2026 | 905.14 | 696.26 |
| December 2026 | 927.77 | 713.67 |
RHI Magnesita India Can Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 937.04 | 720.80 |
| February 2027 | 961.07 | 739.28 |
| March 2027 | 998.55 | 768.12 |
| April 2027 | 978.97 | 753.06 |
| May 2027 | 950.46 | 731.12 |
| June 2027 | 993.23 | 764.02 |
| July 2027 | 973.75 | 749.04 |
| August 2027 | 1,003.87 | 772.21 |
| September 2027 | 1,039.01 | 799.24 |
| October 2027 | 1,066.02 | 820.02 |
| November 2027 | 1,092.67 | 840.52 |
| December 2027 | 1,119.99 | 861.53 |
RHI Magnesita India Can Share Price Prediction 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 1,142.39 | 878.76 |
| February 2028 | 1,171.68 | 901.29 |
| March 2028 | 1,217.37 | 936.44 |
| April 2028 | 1,193.50 | 918.08 |
| May 2028 | 1,158.74 | 891.34 |
| June 2028 | 1,210.89 | 931.45 |
| July 2028 | 1,187.14 | 913.19 |
| August 2028 | 1,223.86 | 941.43 |
| September 2028 | 1,266.69 | 974.38 |
| October 2028 | 1,299.63 | 999.71 |
| November 2028 | 1,332.12 | 1,024.71 |
| December 2028 | 1,365.42 | 1,050.32 |
RHI Magnesita India Can Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 1,392.73 | 1,071.33 |
| February 2029 | 1,428.44 | 1,098.80 |
| March 2029 | 1,484.15 | 1,141.65 |
| April 2029 | 1,455.05 | 1,119.27 |
| May 2029 | 1,412.67 | 1,086.67 |
| June 2029 | 1,476.24 | 1,135.57 |
| July 2029 | 1,447.29 | 1,113.30 |
| August 2029 | 1,492.06 | 1,147.73 |
| September 2029 | 1,544.28 | 1,187.91 |
| October 2029 | 1,584.43 | 1,218.79 |
| November 2029 | 1,624.04 | 1,249.26 |
| December 2029 | 1,664.64 | 1,280.49 |
RHI Magnesita India Can Share Price Target 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 1,697.93 | 1,306.10 |
| February 2030 | 1,741.47 | 1,339.59 |
| March 2030 | 1,809.39 | 1,391.84 |
| April 2030 | 1,773.91 | 1,364.54 |
| May 2030 | 1,722.24 | 1,324.80 |
| June 2030 | 1,799.74 | 1,384.42 |
| July 2030 | 1,764.45 | 1,357.27 |
| August 2030 | 1,819.02 | 1,399.25 |
| September 2030 | 1,882.69 | 1,448.22 |
| October 2030 | 1,931.64 | 1,485.88 |
| November 2030 | 1,979.93 | 1,523.02 |
| December 2030 | 2,029.43 | 1,561.10 |
In 2030, RHI Magnesita India is expected to experience significant stock price fluctuations. In January, the maximum price may reach ₹1,697.93, continuing to rise to ₹1,809.39 by March. By mid-year, June could see a peak of ₹1,799.74, followed by steady growth, with August potentially reaching ₹1,819.02. As we approach October, prices may climb to ₹1,931.64, and by December, RHI Magnesita India is projected to hit a high of ₹2,029.43.
Financial Condition of RHI Magnesita India: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 1,388 | 1,370 | 1,999 | 2,726 | 3,781 | 3,732 |
| Expenses + | 1,172 | 1,161 | 1,610 | 2,365 | 3,227 | 3,165 |
| Operating Profit | 215 | 209 | 390 | 361 | 555 | 567 |
| OPM % | 16% | 15% | 19% | 13% | 15% | 15% |
| Other Income + | 10 | 12 | 5 | -646 | -322 | -314 |
| Interest | 14 | 7 | 3 | 40 | 65 | 49 |
| Depreciation | 26 | 30 | 34 | 71 | 182 | 185 |
| Profit before tax | 186 | 185 | 357 | -396 | -16 | 19 |
| Tax % | 27% | 26% | 25% | 18% | 545% | |
| Net Profit + | 136 | 137 | 269 | -466 | -100 | -74 |
| EPS in Rs | 11.31 | 11.37 | 16.71 | -24.79 | -4.86 | -3.6 |
| Dividend Payout % | 22% | 22% | 15% | -10% | -51% |
The financial performance of the company from March 2020 to March 2024, including the trailing twelve months (TTM), showcases both growth and challenges in its business operations. Sales have seen a consistent upward trajectory, growing from ₹1,388 crores in March 2020 to ₹3,781 crores in March 2024, indicating significant revenue expansion. However, expenses followed a similar pattern, rising from ₹1,172 crores in 2020 to ₹3,227 crores in 2024, suggesting increased costs associated with scaling operations.
Operating profit displayed fluctuations, starting at ₹215 crores in 2020, peaking at ₹555 crores in 2024. Despite a notable dip in the operating profit margin (OPM) in March 2023, where it fell to 13%, it stabilized back to 15% in 2024. Other income turned negative in 2023 and 2024, a significant deviation from earlier positive trends, largely due to substantial losses in this category, which severely impacted profitability.
Interest expenses, though low from 2020 to 2022, surged to ₹65 crores in 2024, and depreciation expenses also increased substantially, reflecting higher capital expenditures. As a result, the company faced losses, especially in March 2023, where it reported a loss of ₹466 crores and a negative EPS of ₹-24.79. The tax burden in March 2024 skyrocketed to an unusually high 545%, further compounding the financial strain. This resulted in a net loss of ₹-100 crores in 2024, with EPS still negative at ₹-4.86, showing only slight improvement in the TTM period.
Dividend payout percentages have also fluctuated, starting at 22% in 2020, dropping to -51% in 2024, indicating an inability to return profits to shareholders. Overall, the company’s financials reflect strong revenue growth but are challenged by rising costs, negative other income, and increased financial liabilities, leading to declining profitability and shareholder returns.
FAQS
Will the share price of RHI Magnesita India Ltd increase in 2024?
It is predicted that RHI Magnesita India Ltd per share price will increase to ₹669.16 by the end of 2024.
What is the share price target of RHI Magnesita India Ltd for 2025?
RHI Magnesita India Ltd projected share price target for 2025 is approximately ₹787.04.
What the share price target of RHI Magnesita India Ltd for 2030?
The per share price of RHI Magnesita India Ltd might reach around ₹2,029.43 by the end of 2030.
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Conclusion
In conclusion, RHI Magnesita India Ltd demonstrates strong growth potential and a solid position in the refractory industry, serving essential sectors like steel, cement, and glass. The company’s shareholding pattern from June 2023 to June 2024 reflects steady promoter confidence and increasing interest from foreign investors, while domestic institutions have slightly reduced their stake.
Financially, the company experienced substantial sales growth over the last five years, despite facing challenges in other income and net profitability, especially in FY2023-24. RHI Magnesita India’s stock price forecasts suggest an upward trend from 2024 to 2030, with steady price increases expected, reaching over ₹2,000 by the end of 2030.
The company’s commitment to innovation, sustainability, and its robust market presence position it well for future growth, but addressing profitability concerns will be key to maintaining investor confidence.
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