RHI Magnesita India share price today

RHI Magnesita India Ltd's share price was ₹363.85 at the close on 4 November 2026. It has been falling for 139 weeks. That is 8.4% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹334 and ₹485, and at that close it sat 20% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today RHI Magnesita India Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 5 weeks running.

Over the last 11 years the share price moved +394% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 1 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: indian funds and insurers (DIIs) raised their stake for 4 quarters in a row, foreign funds (FIIs) cut their stake for 4 quarters in a row and best operating margin in 8 quarters.

1. Indian funds and insurers (DIIs) raised their stake for 4 quarters in a row

   From 12.4% to 26.1% of the company by the September 2026 quarter.

2. Foreign funds (FIIs) cut their stake for 4 quarters in a row

   From 5% to 3.2% of the company by the September 2026 quarter.

3. Best operating margin in 8 quarters

   Operating margin was 14% in the June 2026 quarter, against 11% a year earlier.

   Why: Margins rose because the company got better prices, including a wartime surcharge, and gained sales volume. It also ran its plants more efficiently.

   Next results: check whether the margin holds, since management expects the full-year margin to stay below the latest quarter as new capacity and product transfer timing may press pricing.

   From the earnings call on 28 Sep 2026.

For April to June 2026 (the quarter ended 30 June 2026), RHI Magnesita India reported revenue of ₹1,014 crore, up 5.6% from ₹960 crore a year earlier, and a profit of ₹65.0 crore, up 85.7% from ₹35.0 crore.

RHI Magnesita India results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

RHI Magnesita India's management discussed these results on a call held on 28 September 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

RHI Magnesita India closed at ₹363.85 on 4 November 2026, down 22.9% from ₹472.05 a year earlier (7 November 2025) and up 3.4% over five years. Its highest weekly close since March 2016 was ₹865.40 on 13 January 2023.

RHI Magnesita India share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

562 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: RHI Magnesita India closed at ₹363.85, up 4.5% on the week and down 5.5% on the month. 28 Sep 2026: RHI Magnesita India held its results call for April to June 2026. Management guided: Steel and cement consumption framed at 5-6% yearly growth through 2030.

Earlier

• 11 Sep 2026: ex-date for a dividend of ₹2.50 a share, record date 14 Sep 2026.
• Results for April to June 2026: Revenue up 5.6% and profit up 85.7% on a year earlier.

RHI Magnesita India paid ₹2.50 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.69% at the ₹363.85 close on 4 November 2026. The last was a dividend of ₹2.50 a share, ex-date 11 September 2026.

RHI Magnesita India dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Not in its latest year. RHI Magnesita India Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 5 of its last 8 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 28 September 2026, RHI Magnesita India's management guided: Steel and cement consumption framed at 5-6% yearly growth through 2030.

“Therefore, while I would say that the margin remains broadly flat because we also need to offer competitive pricing, the second operational advantage gives us at least a 1-2% EBITDA benefit. If you combine both answers, yes, it provides a 1-2% EBITDA advantage.”Abhishek Bajaj, Head of Reporting and Finance, on the call for April to June 2026

What management guided

• Ironmaking market share ambition from approximately 13% to 30%.
• 4Pro revenue mix planned at 40% in 1-2 years from current 33%.
• Current-year operating margin guided at 13%, held conservatively despite the latest-quarter outcome.
• Highest-cost line expected fully booked for the next 2 years from October on coke-oven orders.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 28 September 2026.

When RHI Magnesita India reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Coke-oven orders and the highest-cost line - check execution, customer pricing and fixed-cost absorption at the next update.

RHI Magnesita India is not on any of our India lists this week.

RHI Magnesita India Ltd earned ₹65.0 Cr of net profit in the Jun 2026 quarter, +85.7% on the same quarter a year earlier. The full FY26 year was a loss of ₹383 Cr. That is 6.4% of the quarter's revenue. The same quarter a year earlier earned ₹35.0 Cr. 2 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was −₹383 Cr (−288.7% on the year before).

Why profit moved: revenue changed +5.6% on a year earlier and the margin moved +3.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed −360.4% and revenue +8.6%. Profit is growing slower than sales: rising costs are taking part of the growth.

RHI Magnesita India Ltd reported ₹1,014 Cr of revenue in the Jun 2026 quarter, +5.6% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 7 years it has grown 27.2% a year on average. The last full year, FY26, came in at ₹4,020 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹4,073 Cr.

FY26 revenue was ₹4,020 Cr, +9.4% on the year before.

Recent pace: the last four quarters grew +8.6% on average, against 27.2% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +8.4%, against +4.5% a year over the last 8 quarters (accelerating).

RHI Magnesita India Ltd's operating margin was 14.0% in the Jun 2026 quarter, 3.0 percentage points higher than the same quarter a year ago. Across 8 years it has been between 11.0% and 19.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +2.9 percentage points on the year while gross margin changed +4.4 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 93% of RHI Magnesita India Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹409 Cr of operating cash against −₹383 Cr of profit. After −₹420 Cr of spending on assets, ₹829 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 93% of profit came in as cash: the cash cycle got 36 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: it has been selling more assets than it buys. The next section shows those figures.

RHI Magnesita India Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 126 days in FY26, up from 90 days in FY21. Over the last 3 years it sold more assets than it bought, by ₹542 Cr. Customers take 64 days to pay, and stock sits for 163 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹4,020 Cr, each day of that cycle ties up about ₹11.0 Cr, so roughly ₹1,388 Cr is tied up in the business at any time.

FY26: customers took 64 days to pay and stock sat for 163 days, about 5.4 months of sales sitting as stock, for a full cycle of 126 days, longer than FY21's 90.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 163 days. Customers pay about 64 days after that. Suppliers are paid at 101 days. Together that makes the 126-day cycle.

Over the last 3 years, money from selling assets was ₹542 Cr more than it spent on new ones. Work still in progress is ₹48.0 Cr (FY26).

In short: assets are being sold, not built, so this cash is not going into new capacity.

RHI Magnesita India Ltd's P/E is 40.1×, in the middle of its own history: higher than 47% of past readings. Its usual P/E (the middle reading) is 41.5×, over 7.4 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.