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Earnings Call

RHI Magnesita India Earnings Call: Key Takeaways

RHI Magnesita India delivered record annual revenue of ₹4,000 cr in FY26, despite margin pressure from industry-wide cost inflation and intense competition.

Highlights
Revenue growth9% YoY in FY26.
MarginsTargeting 13% EBITDA in FY27 via price hikes and cost optimization.
Order bookIncludes largest coke oven project with major integrated steel player.
Demand visibilityStrong order book for next 18 months, especially coke oven projects.
Management confidenceHigh; confident in outperforming market by 2% in volume.

Growth

FY26 revenue up 9% YoY to ₹4,000 cr; shipments grew 5% to 523 kilotons. Adjusted EBITDA margin at 11.9%.

Outlook

FY27 guidance: 13% EBITDA margin, volume growth 2% above market, and ₹150 cr total capex.

Risks

Industry overcapacity, pricing pressure, geopolitical conflicts affecting freight costs, and goodwill impairment on Dalmia assets.

Source

Earnings Call filed with BSE, NSE: RHIM. Summary written with AI assistance from the document.

Read the document ↗

RHI Magnesita India Ltd: key numbers

Share price
₹386.45
Market cap
₹7,980 Cr
Revenue (annual)
₹4,020 Cr
Net profit (annual)
₹-382.9 Cr
P/E (TTM)
-22.6×Sector 53.6×
Promoter holding
56.07%+0.00% QoQ
FII holding
3.98%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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14:58 IST BSE
Capital Structure Change

RHI Magnesita India Capital Structure Change

Dalmia Bharat Refractories, a non-promoter, disposed of its entire 2,70,20,000 RHI Magnesita India stake (13.08%) via open market. The position after sale is Nil.

22:43 IST BSE
Other Announcement

RHI Magnesita India Other Announcement

RHI Magnesita India has dispatched notices to shareholders with unregistered email addresses, providing access to the FY 2025-26 Annual Report and 16th AGM details.

16:03 IST BSE
Annual Report

RHI Magnesita India Annual Report

RHI Magnesita India Limited has submitted its Annual Report for the financial year 2025-26 and announced its 16th Annual General Meeting scheduled for September 29, 2026.