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Employees: 3,571
Size RHI Magnesita India (RHIM.NS) is an India Industrials company (Miscellaneous Manufacturing) with a market value of $789M, the 675th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹359.80 on 6 Nov 2026.
Performance Over six months the shares fell 12.6%, against -21.8% for the median peer and 0.0% for the India market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 8.4% over the last twelve months (peer median +5.5%); the operating margin is 7.0% (peer median 7.1%).
Valuation It trades at 25.4× forward earnings against a peer median of 21.1× (5th most expensive of 13).
Price implies For today's price to make sense, revenue must grow about 27% a year for seven years (Req g). Recent delivered growth is +24%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 7.5 points below its cost of capital (13.4% WACC).
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹40.7B | ₹40.1B | ₹36.7B | ₹37.8B | ₹27.3B |
| Revenue growth | — | +9% | -3% | +39% | — |
| Gross profit | ₹10.4B | ₹5.46B | ₹5.20B | ₹6.16B | ₹4.99B |
| EBITDA | ₹4.83B | ₹4.65B | ₹4.96B | ₹5.85B | ₹3.83B |
| Net income | -₹3.54B | -₹3.83B | ₹2.03B | -₹1.00B | -₹4.66B |
| Free cash flow | n/a | ₹2.62B | ₹2.18B | ₹1.47B | ₹1.65B |
| Capital expenditure | n/a | ₹1.36B | ₹1.19B | ₹821M | ₹452M |
| Total debt | n/a | ₹4.46B | ₹3.77B | ₹4.75B | ₹15.9B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | RHIM.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.6% | -9.1% | 4th highest of 21 |
| 6-month return | -12.6% | -21.8% | 8th highest of 21 |
| Distance from 52-week high | -28.0% | -36.3% | 6th highest of 21 |
| Revenue growth (TTM) | +8.4% | +5.5% | 8th highest of 21 |
| Operating margin | 7.0% | 7.1% | 10th lowest of 21 |
| Forward P/E | 25.4× | 21.1× | 5th most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | 27.1% | 7.5% | 2nd most demanding of 14 |
| Growth delivered (Del g) | +24.1% | +3.6% | 2nd highest of 14 |
| Hurdle (Req g minus delivered) | +3.0 pp | +3.8 pp | 6th least demanding of 14 |
| ROIC minus cost of capital | -7.5 pp | -0.6 pp | 6th lowest of 21 |
| EV / EBITDA | 15.4× | n/a | — |
| Net debt / EBITDA | 0.1× | 1.8× | 2nd least indebted of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| RHI Magnesita India RHIM.NS | India | $789M | -13% | +8% | 7% | 25.4× | 27.1% | +24.1% |
| Unilumin 300232.SZ | China | $796M | -23% | +1% | 0% | 32.5× | 6.4% | +10.3% |
| Changyuan Technology 600525.SS | China | $799M | -24% | +7% | -7% | n/a | -12.4% | +5.1% |
| Hubei Huaqiang High-Tech 688151.SS | China | $800M | -22% | +13% | -5% | n/a | 47.9% | -5.6% |
| Apex Dynamics 4583.TW | Taiwan | $775M | -58% | +14% | 33% | 24.3× | 4.5% | +1.1% |
| Zhejiang Kaier New Materials 300234.SZ | China | $816M | +73% | -17% | -9% | n/a | n/a | n/a |
| Zhejiang Goldensea Hi-Tech 603311.SS | China | $823M | +28% | +3% | 7% | 59.6× | n/a | n/a |
| Fuling Technology 001356.SZ | China | $756M | -22% | +17% | 6% | n/a | n/a | n/a |
| Riverstone AP4.SI | Singapore | $824M | -13% | -4% | 25% | 15.5× | 2.1% | -12.8% |
| Sichuan Goldstone Asia Pharmaceutical 300434.SZ | China | $745M | +8% | -1% | 18% | n/a | 12.2% | +6.2% |
| Daoming Optics & Chemical 002632.SZ | China | $740M | -28% | -10% | 12% | n/a | 7.5% | +3.3% |
| Blue Sail Medical 002382.SZ | China | $861M | -24% | +23% | 7% | 11.8× | -6.5% | -6.1% |
| Shenzhen Jame Technology 300868.SZ | China | $878M | -36% | +8% | -7% | n/a | n/a | n/a |
| Genuit GEN.L | United Kingdom | $897M | +8% | +4% | 12% | 12.1× | 12.4% | +8.6% |
| Jiangsu Changhai Composite Materials 300196.SZ | China | $897M | -25% | +3% | 11% | 17.9× | 3.8% | +9.0% |
| Jiangsu Boiln Plastics 301003.SZ | China | $688M | -11% | +7% | 20% | 24.7× | 21.2% | +3.6% |
| Jinhua Chunguang Technology 603657.SS | China | $687M | +16% | +9% | -3% | 45.2× | n/a | n/a |
| Zhejiang Tiantie Science & Technology 300587.SZ | China | $683M | -43% | +24% | -4% | 13.5× | n/a | n/a |
| Finolex Industries FINPIPE.NS | India | $932M | -20% | +3% | 14% | 16.4× | 13.0% | +3.5% |
| Jiangyin Huaxin Precision Technology 603370.SS | China | $661M | -39% | +11% | 7% | n/a | n/a | n/a |
| Shanghai Yanpu Precision Technology (Group) 605128.SS | China | $978M | -9% | +3% | 9% | 27.1× | 15.4% | +25.0% |