# RHI Magnesita India share price today (RHI Magnesita India Ltd, NSE: RHIM)

> RHI Magnesita India share price today: ₹355.65 at the NSE close on 3 November 2026, down 25.3% in a year. RHI Magnesita India (NSE: RHIM) is worth ₹7,350 crore, trades at a P/E of 39.2 and has closed between ₹334.00 and ₹485.40 over the past 52 weeks. > RHI Magnesita India Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. RHIM · Refractories · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/rhi-magnesita-india-ltd

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## Key numbers

- Business trend: Getting better, from fewer quarters than usual
- Price: ₹355.65 (−25.3% in a year)
- P/E: 39.2× (lower than 55% of the last 7.4 years)
- Revenue (Jun 2026): ₹1,014 Cr (+5.6% on a year ago)
- Profit (Jun 2026): ₹65.0 Cr (+85.7% on a year ago)
- Operating margin: 14.0% (+3.0 points on a year ago)
- ROCE: 6%, FY26
- ROIC: 7.7%, against a 12.0% cost of capital: −4.3 points

The main question: the share price moved −25.3% in a year while yearly earnings per share moved −289.0%. The difference came from the market paying a higher multiple. ## What is the RHI Magnesita India share price today? RHI Magnesita India Ltd's share price was ₹355.65 at the close on 3 November 2026. It has been falling for 139 weeks. That is 10.5% 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 14% of the way up from that low. 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 +383% 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. ## What changed at RHI Magnesita India this quarter? 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. ## What are RHI Magnesita India's latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,014 crore | ₹960 crore | +5.6% |
| Profit | ₹65.0 crore | ₹35.0 crore | +85.7% |
| Earnings per share | ₹3.13 | ₹1.71 | +83.0% |
| Operating margin | 14.0% | 11.0% | +3.0 points |

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.)

## What is the RHI Magnesita India share price history? RHI Magnesita India closed at ₹355.65 on 3 November 2026, down 25.3% from ₹476.15 a year earlier (31 October 2025) and up 1.1% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹351.30 | +1.2% |
| 1 month ago · 1 Oct 2026 | ₹384.85 | −7.6% |
| 6 months ago · 30 Apr 2026 | ₹403.40 | −11.8% |
| 1 year ago · 31 Oct 2025 | ₹476.15 | −25.3% |
| 3 years ago · 3 Nov 2023 | ₹704.85 | −49.5% |
| 5 years ago · 4 Nov 2021 | ₹351.95 | +1.1% |
| 10 years ago · 4 Nov 2016 | ₹119.25 | +198.2% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹73.60 | +383.2% |
| Highest weekly close since March 2016 · 13 Jan 2023 | ₹865.40 | −58.9% |
| Lowest weekly close since March 2016 · 18 Mar 2016 | ₹72.75 | +388.9% |
| 52-week high (weekly close) · 14 Nov 2025 | ₹485.40 | −26.7% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹334.00 | +6.5% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on RHI Magnesita India? 3 Nov 2026: RHI Magnesita India closed at ₹355.65, up 1.2% on the week and down 7.6% 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. ## What dividend does RHI Magnesita India pay? RHI Magnesita India paid ₹2.50 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.70% at the ₹355.65 close on 3 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

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 11 Sep 2026 | ₹2.50 | Dividend | 14 Sep 2026 |
| 12 Sep 2025 | ₹2.50 | Dividend | same day |
| 5 Sep 2024 | ₹2.50 | Dividend | n/a |
| 14 Sep 2023 | ₹2.50 | Dividend | n/a |
| 14 Sep 2022 | ₹2.50 | Dividend | n/a |
| 17 Sep 2021 | ₹2.50 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did RHI Magnesita India management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/7326-28-Sep-2026.pdf). (From the call for April to June 2026, 28 September 2026.)

## What to watch in RHI Magnesita India's next results? 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. - What to check (from the call)
- Coke-oven orders and the highest-cost line - check execution, customer pricing and fixed-cost absorption at the next update. - New refractory capacity - check whether price discipline and product transfers offset the anticipated commoditization pressure. - 4Pro scaling - check whether operational flexibility converts into consolidated margin improvement rather than only volume retention. - Recycling take-back program - check recovered-material throughput, customer participation and production-cost savings. ## Which stock lists is RHI Magnesita India on? RHI Magnesita India is not on any of our India lists this week. ## Is RHI Magnesita India profitable? 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. 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. ## How much revenue does RHI Magnesita India make, and is it growing? 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. 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). ## How much of every ₹100 of sales does RHI Magnesita India keep? 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. 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. ## Is RHI Magnesita India's profit turning into cash? 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. 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. ## Where does RHI Magnesita India's cash go? 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. 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. ## What is RHI Magnesita India's P/E ratio, and how does it compare with its own history? RHI Magnesita India Ltd's P/E is 39.2×, in the middle of its own history: higher than 45% 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. Why the multiple is where it is: over the past year earnings per share moved −289.0% while the price moved −25.3%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +0.2% a year; about −2.9% a year came from earnings growth and about +3.1 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the RHI Magnesita India business getting better or worse? RHI Magnesita India Ltd's business is getting better. Profit growth hit its low 4 quarters ago at −34.8% and has recovered to +85.7% (from single-quarter figures), with ROCE steady at 5.9%. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: a lasting rise from a low is what this page is built to show. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does RHI Magnesita India earn on its capital? RHI Magnesita India Ltd earned a ROCE of 6% in FY26. Its return on capital used (ROIC) is 4.3 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a −9.5% net margin and 0.83× asset turnover (sales divided by assets). Why the return is what it is (FY26): a −9.5% net margin × 0.83× asset turnover × 1.36× leverage (assets divided by equity) ≈ −10.7% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 7.7% − 12.0% = −4.3 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 7.7% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 6.7%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does RHI Magnesita India have too much debt? RHI Magnesita India Ltd has total debt of ₹448 Cr against shareholder equity of ₹3,560 Cr as of Jun 2026, so its debt is 0.13× its equity, which is very little. Year by year, that ratio went from 0.06 in FY22 to 0.13 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the RHI Magnesita India shareholding pattern? Domestic institutions raised their stake in RHI Magnesita India Ltd by 13.7 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 26.1% of the company. Foreign institutions moved −2.0 points over the same period, to 3.2%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +13.7 points over 8 quarters, to 26.1%; Foreign institutions: −2.0 points over 8 quarters, to 3.2%; Promoters: +0.0 points over 8 quarters, to 56.1%. Why the owners changed: foreign institutions moved −2.0 points and domestic institutions +13.7 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is RHI Magnesita India from balance-sheet trouble? For RHI Magnesita India Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does RHI Magnesita India rank in its industry? 29.2 out of 100, rank 7 of 8 in Refractories, with 86% of the evidence available. RHI Magnesita India Ltd scores 29.2 out of 100 against the 8 companies it is compared with in Refractories, ranking 7. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 8.7 + 5.1 + 10.9 + 4.5 = 29.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is RHI Magnesita India compared with? RHI Magnesita India ranks 7 of 8 Refractories companies on the 4-Factor Sector Score, with 29.2 out of 100. 1. [Monolithisch India Ltd](https://www.sectoralpha.in/stocks/monolithisch-india-ltd) MONOLITH · leader · Sector-leading setup · 83% evidence 81.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 34.0/35 · Revenue 58.4% · Profit 100% · Operating margin change 10 points · 100% evidence Capital efficiency 19.0/25 · ROCE 34.8% · Operating margin 29% · 100% evidence Valuation 8.9/20 · P/E 78.9× · PEG n/a · 15% evidence Relative strength 20.0/20 · Lead over its industry 64.5% · Lead over NIFTY 500 89.7% · 1 year 177.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 34 + 19 + 8.9 + 20 = 81.9 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Orient Ceratech Ltd](https://www.sectoralpha.in/stocks/orient-ceratech-ltd) ORIENTCER · losing its lead · Most evidence points up · 81% evidence 69.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.5/35 · Revenue 24.4% · Profit 100% · Operating margin change 8 points · 88% evidence Capital efficiency 11.3/25 · ROCE 10.4% · Operating margin 16.1% · 100% evidence Valuation 18.6/20 · P/E 13.8× · PEG 0.99 · 100% evidence Relative strength 9.6/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.3% · 1 year 5.8% · 25% evidence · 8 of 11 weeks ahead Exact sum: 29.5 + 11.3 + 18.6 + 9.6 = 69 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Raghav Productivity Enhancers Ltd](https://www.sectoralpha.in/stocks/raghav-productivity-enhancers-ltd) RPEL · leader · Most evidence points up · 100% evidence 65.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.2/35 · Revenue 38.2% · Profit 54.4% · Operating margin change 1 points · 100% evidence Capital efficiency 19.6/25 · ROCE 30.3% · Operating margin 30% · 100% evidence Valuation 2.5/20 · P/E 109× · PEG 2.31 · 100% evidence Relative strength 17.0/20 · Lead over its industry 36.4% · Lead over NIFTY 500 58.8% · 1 year 113% · 100% evidence · 12 of 12 weeks ahead Exact sum: 26.2 + 19.6 + 2.5 + 17 = 65.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 4. [Foseco Crucible (India) Ltd](https://www.sectoralpha.in/stocks/foseco-crucible-indialtd) leader · Evidence leans up · 72% evidence 59.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.3/35 · Revenue 2.3% · Profit -7.7% · Operating margin change 8 points · 95% evidence Capital efficiency 20.8/25 · ROCE 33.2% · Operating margin 36% · 95% evidence Valuation 11.8/20 · P/E 23× · PEG n/a · 50% evidence Relative strength 11.4/20 · Lead over its industry n/a · Lead over NIFTY 500 29.4% · 1 year 18.2% · 25% evidence · 12 of 12 weeks ahead Exact sum: 15.3 + 20.8 + 11.8 + 11.4 = 59.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [IFGL Refractories Ltd](https://www.sectoralpha.in/stocks/ifgl-refractories-ltd) IFGLEXPOR · quiet · Evidence leans down · 96% evidence 37.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.4/35 · Revenue 15.4% · Profit 41.4% · Operating margin change -1 points · 88% evidence Capital efficiency 4.6/25 · ROCE 4.9% · Operating margin 7% · 100% evidence Valuation 13.4/20 · P/E 27.4× · PEG 0.5 · 100% evidence Relative strength 3.5/20 · Lead over its industry -26.1% · Lead over NIFTY 500 -10.3% · 1 year -34.1% · 100% evidence · 6 of 12 weeks ahead Exact sum: 16.4 + 4.6 + 13.4 + 3.5 = 37.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Vesuvius India Ltd](https://www.sectoralpha.in/stocks/vesuvius-india-ltd) VESUVIUS · quiet · Most evidence points down · 96% evidence 29.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.9/35 · Revenue 8.9% · Profit 2.8% · Operating margin change -1 points · 88% evidence Capital efficiency 12.3/25 · ROCE 21.3% · Operating margin 16% · 100% evidence Valuation 5.2/20 · P/E 28.6× · PEG 6.3 · 100% evidence Relative strength 1.0/20 · Lead over its industry -33.5% · Lead over NIFTY 500 -18.1% · 1 year -27% · 100% evidence · 0 of 12 weeks ahead Exact sum: 10.9 + 12.3 + 5.2 + 1 = 29.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. RHI Magnesita India Ltd this page RHIM · quiet · Most evidence points down · 86% evidence 29.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.7/35 · Revenue 8.4% · Profit -80% · Operating margin change 3 points · 88% evidence Capital efficiency 5.1/25 · ROCE 6.5% · Operating margin 14% · 100% evidence Valuation 10.9/20 · P/E 38.4× · PEG n/a · 50% evidence Relative strength 4.5/20 · Lead over its industry -26.5% · Lead over NIFTY 500 -9.8% · 1 year -26.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 8.7 + 5.1 + 10.9 + 4.5 = 29.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Morganite Crucible (India) Ltd](https://www.sectoralpha.in/stocks/morganite-crucible-indialtd) MORGANITE · Too little evidence to rank firmly · 40% evidence 52.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.0/43.75 · Revenue 3% · Profit -9.3% · Operating margin change 7.3 points · 45% evidence Capital efficiency 21.6/31.25 · ROCE 30.4% · Operating margin 30.8% · 57% evidence Valuation 10.9/25 · P/E 30.2× · PEG n/a · 50% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 20 + 21.6 + 10.9 = 52.5 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Refractories](https://www.sectoralpha.in/sectors/refractories), all 8 compared on one page. ## Which companies are close to RHI Magnesita India in size? RHI Magnesita India is the 3rd largest of 8 Refractories companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Raghav Productivity Enhancers and Vesuvius India. Just below it: Monolithisch India, IFGL Refractories, Foseco Crucible (India) and Morganite Crucible (India). ### Refractories companies close in size

1. [Raghav Productivity Enhancers Ltd](https://www.sectoralpha.in/stocks/raghav-productivity-enhancers-ltd) ₹7,648 crore
2. [Vesuvius India Ltd](https://www.sectoralpha.in/stocks/vesuvius-india-ltd) ₹7,314 crore
3. RHI Magnesita India Ltd ₹7,192 crore
4. [Monolithisch India Ltd](https://www.sectoralpha.in/stocks/monolithisch-india-ltd) ₹2,796 crore
5. [IFGL Refractories Ltd](https://www.sectoralpha.in/stocks/ifgl-refractories-ltd) ₹1,176 crore
6. [Foseco Crucible (India) Ltd](https://www.sectoralpha.in/stocks/foseco-crucible-indialtd) ₹1,032 crore
7. [Morganite Crucible (India) Ltd](https://www.sectoralpha.in/stocks/morganite-crucible-indialtd) ₹748 crore

[All 8 Refractories companies, largest first](https://www.sectoralpha.in/sectors/refractories#all-companies)

### Companies close in size in other industries

1. [Kirloskar Ferrous Industries Ltd](https://www.sectoralpha.in/stocks/kirloskar-ferrous-industries-ltd) ₹7,209 crore · Steel - Pig Iron
2. [Orkla India Ltd](https://www.sectoralpha.in/stocks/orkla-india-ltd) ₹7,201 crore · FMCG Processing - Other
3. RHI Magnesita India Ltd ₹7,192 crore
4. [NCC Ltd](https://www.sectoralpha.in/stocks/ncc-ltd) ₹7,189 crore · Construction & Contracting
5. [Tejas Networks Ltd](https://www.sectoralpha.in/stocks/tejas-networks-ltd) ₹7,178 crore · Telecom Services

## What else do people ask about RHI Magnesita India? ### What is RHI Magnesita India's share price today? RHI Magnesita India Ltd's share price is ₹355.65, −25.3% over the past year. The whole company is worth ₹7,350 Cr on the market. In the last 52 weeks it traded between ₹334 to ₹485; today it is 14% of the way up from the low, 10.5% below its 200-day average (as of 3 November 2026). ### What were RHI Magnesita India's latest quarterly results? RHI Magnesita India Ltd reported revenue of ₹1,014 Cr and net profit of ₹65.0 Cr for the Jun 2026 quarter. Revenue rose 5.6% and profit rose 85.7% compared with a year earlier. Earnings per share were ₹3.13. The operating margin was 14.0%, 3.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is RHI Magnesita India's market cap? RHI Magnesita India Ltd's market capitalisation is ₹7,350 Cr at a share price of ₹355.65. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is RHI Magnesita India performing? RHI Magnesita India Ltd's share price has been falling for 139 weeks. In its latest quarter, revenue rose 5.6% and profit rose 85.7% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 5 weeks running (as of 3 November 2026). ### Will RHI Magnesita India's share price go up? This page does not forecast RHI Magnesita India Ltd's share price. What it shows instead: the share price is ₹355.65, and it has been falling for 139 weeks. Its P/E of 39.2× is higher than 45% of its own last 7 years (as of 3 November 2026). ### Does RHI Magnesita India have too much debt? No, RHI Magnesita India Ltd has little debt: its debt is 0.13× its equity, and its operating profit is 12 times its interest bill. FY26 borrowings were ₹448 Cr against equity of ₹3,561 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### What is RHI Magnesita India's capex? RHI Magnesita India Ltd sold more long-term assets (plants, machines and the like) than it bought over the last 3 years, by ₹542 Cr, worked out from the change in fixed assets plus depreciation. Depreciation over the same years was ₹579 Cr (as of 3 November 2026). ### Is RHI Magnesita India's profit real cash? Yes, over the last 3 years, 93% of RHI Magnesita India Ltd's reported profit came in as cash from operations. The latest year was lower at -107%, so the trend is worth watching. In FY26, operating cash was ₹409 Cr against reported profit of −₹383 Cr. Most of that cash then goes into a mix of the daily operating cycle and new capacity. These are yearly figures (as of 3 November 2026). ### Where is RHI Magnesita India in its business cycle? RHI Magnesita India Ltd's FY26 operating margin was 11.0%, against a 8-year range of 11.0% to 19.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 14.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the RHI Magnesita India story? The main question: the share price moved −25.3% in a year while yearly earnings per share moved −289.0%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is RHI Magnesita India a stock worth studying right now? What the numbers show: RHI Magnesita India Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a RHI Magnesita India share price forecast for 2026? What management itself guided: Steel and cement consumption framed at 5-6% yearly growth through 2030. This is research, not advice. We’re not SEBI-registered.