Tam Expansion Changing Consumption
Expected: FY27MEDIUM confidence
What: MOA Amendment: 99.99% approval
Rhetan TMT Ltd: Stock Analysis & Fundamentals
Updated this weekRhetan TMT Ltd (Steel Products) — fundamental analysis, earnings data, and key metrics. PE: 213.0. ROE: 10.2%. This stock is not currently in the Nifty 500 momentum outperformers list.
Rhetan TMT Ltd Key Facts
Earnings Acceleration Triggers
1. Tam Expansion Changing Consumption
FY27MEDIUM
2. Operating Leverage Inflection
Q3 FY26MEDIUM
Key Risks
1. Volatility in steel prices and raw material costs impacts margins
MEDIUM2. Indirect impact from Middle East conflicts on global supply chains
LOWSector-Specific Signals
Installed Capacity30,000 MTPA0%
Other Income Contribution₹3.17 CrNot Given
Debt to EBITDA3.24xNot Given
ROCE7.32%Not Given
Key Numbers
Current Price
₹28
Market Cap
2.2K Cr
Valuation
N/AWhy Are Rhetan TMT Ltd's Earnings Accelerating?
Based on Q3 FY26 (web) earnings • Updated Apr 18, 2026
Operating Leverage Inflection
Expected: Q3 FY26MEDIUM confidence
What: Operating Margin: 36.52%
Impact: 18.49% margin expansion
What Are the Key Risks for Rhetan TMT Ltd?
Earnings deceleration risks from management commentary
Volatility in steel prices and raw material costs impacts margins
MEDIUMTrigger: Volatility in steel prices and raw material costs impacts margins.
Management view: Diversifying into commodity trading to hedge risks.
Monitor: commodity
Indirect impact from Middle East conflicts on global supply chains
LOWTrigger: Indirect impact from Middle East conflicts on global supply chains.
Management view: Not Given
Monitor: geopolitical
What Did Rhetan TMT Ltd Report This Quarter?
Headline numbers from the latest earnings call
Revenue
₹6.15 Cr
YoY -3.53%QoQ +29.37%
Revenue from operations declined slightly YoY but showed a significant sequential recovery.
EBITDA
₹2.25 Cr
YoY +13.86%Margin 36.52%
Operating profit grew despite lower revenue, leading to a sharp expansion in operating margins.
PAT
₹4.45 Cr
YoY +219.87%QoQ +54.79%
Net profit growth was primarily driven by a surge in other income and improved operational efficiency.
Other Highlights
• Other income contributed ₹3.17 Cr to total income
• 9M FY26 net profit reached ₹8.08 Cr
• EPS for Q3 FY26 stood at ₹0.06
What Sector Metrics Matter for Rhetan TMT Ltd?
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Installed Capacity
30,000 MTPA
YoY 0%QoQ 0%
Why: Capacity remained stable as per the latest company profile.
Other Income Contribution
₹3.17 Cr
YoY Not GivenQoQ Not Given
Why: Significant contribution to total income for the quarter.
Debt to EBITDA
3.24x
YoY Not GivenQoQ Not Given
Why: Reflects high leverage relative to operating earnings.
ROCE
7.32%
YoY Not GivenQoQ Not Given
Why: Indicates relatively low management efficiency in capital utilization.
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.
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Frequently Asked Questions: Rhetan TMT Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Rhetan TMT Ltd's latest quarterly results?
Rhetan TMT Ltd's latest quarterly results (Mar 2026) show
- PAT Growth YoY: +362.5%
- Revenue Growth YoY: +30.8%
- Operating Margin: 29.9%
What is Rhetan TMT Ltd's current PE ratio?
Rhetan TMT Ltd's current PE ratio is 213.0x.
- Current PE: 213.0x
- Market Cap: 2.2K Cr
What is Rhetan TMT Ltd's price-to-book ratio?
Rhetan TMT Ltd's price-to-book ratio is 20.2x.
- Price-to-Book (P/B): 20.2x
- Book Value per Share: ₹1
- Current Price: ₹28
Is Rhetan TMT Ltd a fundamentally strong company?
Rhetan TMT Ltd's fundamental strength based on key financial ratios
- Return on Capital (ROCE): 11.0%
Is Rhetan TMT Ltd debt free?
Rhetan TMT Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹42 Cr
What is Rhetan TMT Ltd's return on equity (ROE) and ROCE?
Rhetan TMT Ltd's return ratios over recent years
- FY2024: ROCE 6.0%
- FY2025: ROCE 4.0%
- FY2026: ROCE 11.0%
Is Rhetan TMT Ltd's cash flow positive?
Rhetan TMT Ltd's operating cash flow is positive (FY2026).
- Cash from Operations (CFO): ₹1 Cr
- Free Cash Flow (FCF): ₹-8 Cr
- CFO/PAT Ratio: 10% (weak cash conversion)
What is Rhetan TMT Ltd's dividend yield?
Rhetan TMT Ltd currently does not pay a significant dividend (yield 0.00%).
- Dividend Yield: 0.00%
- Current Price: ₹28
Who holds Rhetan TMT Ltd shares — promoters, FII, DII?
Rhetan TMT Ltd's shareholding pattern (Mar 2026)
- Promoters: 62.1%
- FII (Foreign): 0.9%
- Public: 37.0%
Is promoter holding increasing or decreasing in Rhetan TMT Ltd?
Rhetan TMT Ltd's promoter holding has remained stable recently.
- Current Promoter Holding: 62.1% (Mar 2026)
- Previous Quarter: 62.1% (Dec 2025)
- Change: 0.00% (stable)
Is Rhetan TMT Ltd a new momentum entry or an established outperformer?
Rhetan TMT Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
What are the growth catalysts for Rhetan TMT Ltd?
Rhetan TMT Ltd has 2 key growth catalysts identified from recent earnings analysis
- Tam Expansion Changing Consumption — Diversification into commodities trading could provide new revenue streams beyond core steel products.
- Operating Leverage Inflection — Significant margin improvement suggests better cost control or higher value realizations.
What are the key risks in Rhetan TMT Ltd?
Rhetan TMT Ltd has 2 key risks worth monitoring
- [MEDIUM] Volatility in steel prices and raw material costs impacts margins — Volatility in steel prices and raw material costs impacts margins.
- [LOW] Indirect impact from Middle East conflicts on global supply chains — Indirect impact from Middle East conflicts on global supply chains.
What is Rhetan TMT Ltd's management guidance for growth?
Rhetan TMT Ltd's management has provided the following forward guidance
- Revenue outlook: Not Given
- Margin outlook: Not Given
What sector-specific metrics matter most for Rhetan TMT Ltd?
Rhetan TMT Ltd's most important sub-sector-specific KPIs from the latest concall
- Installed Capacity: 30,000 MTPA (YoY 0%) (QoQ 0%) — Capacity remained stable as per the latest company profile.
- Other Income Contribution: ₹3.17 Cr (YoY Not Given) (QoQ Not Given) — Significant contribution to total income for the quarter.
- Debt to EBITDA: 3.24x (YoY Not Given) (QoQ Not Given) — Reflects high leverage relative to operating earnings.
- ROCE: 7.32% (YoY Not Given) (QoQ Not Given) — Indicates relatively low management efficiency in capital utilization.
Is Rhetan TMT Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Rhetan TMT Ltd may be worth studying
- Cash flow is positive — CFO ₹1 Cr
What is the investment thesis for Rhetan TMT Ltd?
Rhetan TMT Ltd investment thesis summary:
Research Signals (Bull Case)
- Growth catalyst: Tam Expansion Changing Consumption
Risk Factors (Bear Case)
- Key risk: Volatility in steel prices and raw material costs impacts margins
What is the future outlook for Rhetan TMT Ltd?
Rhetan TMT Ltd's forward outlook based on current data signals
- Key Catalyst: Tam Expansion Changing Consumption
- Key Risk: Volatility in steel prices and raw material costs impacts margins
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.