RHI Magnesita India Ltd
NSE:RHIM

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RHI Magnesita India Ltd Logo
RHI Magnesita India Ltd
NSE:RHIM
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Price: 463.2 INR -3.61% Market Closed
Market Cap: 95.7B INR

RHI Magnesita India Ltd
Investor Relations

RHI Magnesita India Ltd. is a compelling story of strategic industrial synergy and resourceful innovation within the refractory industry. As a subsidiary of the Austrian giant RHI Magnesita, the company benefits from the global expertise and robust lineage of its parent while focusing on tailoring solutions to meet India’s dynamic industrial needs. RHI Magnesita India specializes in products that are often unseen but play a critical role in heavy industries, particularly those dealing with extreme temperatures such as steel, cement, and glass manufacturing. The company produces high-grade refractory products—ceramics that maintain their strength and form at exceedingly high temperatures—used to line furnaces, kilns, and reactors. The demand for such solutions is directly tied to the fortunes of the steel industry, which in turn is an integral part of the broader economic growth and infrastructure development in India.

Financially, the company thrives by combining effective supply chain management with innovation in refractory technology. RHI Magnesita India strategically places itself not just as a supplier but also as a partner in efficiency for its clients, often providing installation and maintenance services that optimize the lifecycle and performance of its products. By leveraging its extensive research and development capabilities, the company adapts its offerings to meet specific customer requirements and regulatory standards, ensuring a steady stream of contractual agreements and repeat business. This model not only secures ongoing revenue streams but also positions the company favorably as industries continually seek cost-effective, high-performance industrial solutions. Through adept maneuvering within its niche, RHI Magnesita India crafts a sustainable narrative of growth and profitability anchored in industrial transformation.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 12, 2025
AI Summary
Q2 2026

Record Revenue: RHI Magnesita India delivered its highest-ever quarterly revenue at INR 1,035 crores in Q2 FY26, reflecting strong market share gains and volume growth.

Volume Growth: Shipment volumes rose to 141 kilotons, up 9% sequentially and 18% year-on-year, fueled by demand from both steel and cement sectors.

Margin Pressure: EBITDA margin came in at 10.7%, stable sequentially but lower year-on-year due to higher magnesia costs and delayed benefit from lower alumina prices.

Full-Year Margin Guidance: Management reaffirmed full-year FY26 EBITDA margin guidance of 13–14%, expecting improvement in coming quarters from raw material cost declines and better product mix.

Strategic Progress: Long-term contracts, product transfers, and the Ashwath Technologies integration are on track, while product optimization and automation are expected to boost future margins.

Competitive Landscape: Intense competition, especially in commodity products, is pressuring prices and margins, but RHI is leveraging differentiation through long-term contracts and specialized offerings.

Dalmia Subsidiary Turnaround: Dalmia plant showed improvement with volume and margin gains, and new product transfers are expected to further enhance its performance.

CapEx On Track: CapEx spend of INR 150 crores is budgeted for the year, with investments in automation and efficiency expected to deliver returns over the next two to three years.

Key Financials
Revenue
INR 1,035 crores
Shipment Volume
141 kilotons
Operating EBITDA
INR 111 crores
EBITDA Margin
10.7%
Profit After Tax
INR 38 crores
Net Debt-to-EBITDA
0.45x
CapEx
INR 150 crores budgeted for FY26; INR 60 crores spent in H1
Flow Control Revenue Contribution
28% of total revenue in Q2; 30% in H1
Dalmia Subsidiary Revenue
INR 264 crores in Q2 FY26
Dalmia Subsidiary EBITDA Margin
11.4% in Q2 FY26
Dalmia Subsidiary Shipment Volume
42 kilotons in Q2 FY26
Export Revenue Contribution
Around 10% of total revenue on consolidated basis
Other Earnings Calls

Management

Mr. Parmod Sagar
CEO, MD & Executive Chairman
No Bio Available
Mr. Azim Syed
CFO & Chief Investor Relations Officer
No Bio Available
Mr. Rudraraju Venkata Suryanarayana Raju
Chief Operating Officer
No Bio Available
Mr. Manoj K. Gupta
Joint Vice President of Finance & Accounts
No Bio Available
Mr. Sanjay Kumar
Compliance Officer & Company Secretary
No Bio Available
Mr. Jyotirmoy Bhattacherjee
Director of Sales
No Bio Available
Mr. Partha Sarathi Ghosal
Vice President of Marketing & Sales
No Bio Available
Mr. Sanjeev Bhardwaj
Head of Finance
No Bio Available
Mr. Purshottam Dass
Senior Vice President of Operations
No Bio Available
Mr. Jagdish Parikh F.C.A.
Chief Financial Officer of RHI India Private Limited
No Bio Available

Contacts

Address
RAJASTHAN
Alwar
SP-148 A&B,RIICO Industrial Area,, Bhiwadi
Contacts