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: 414.15 INR 1.01% Market Closed
Market Cap: ₹85.5B

EV/EBITDA

19.5
Current
15%
Cheaper
vs 3-y average of 22.9

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
19.5
=
Enterprise Value
₹92B
/
EBITDA
₹4.5B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
19.5
=
Enterprise Value
₹92B
/
EBITDA
₹4.5B

Valuation Scenarios

RHI Magnesita India Ltd is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (22.9), the stock would be worth ₹486.09 (17% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-37%
Maximum Upside
+17%
Average Downside
4%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 19.5 ₹414.15
0%
3-Year Average 22.9 ₹486.09
+17%
5-Year Average 22.1 ₹469.35
+13%
Industry Average 12.2 ₹260.24
-37%
Country Average 17.7 ₹375.36
-9%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
₹92B
/
Jan 2026
₹4.5B
=
19.5
Current
₹92B
/
Mar 2026
₹5.4B
=
17
Forward
₹92B
/
Mar 2027
₹6.9B
=
13.4
Forward
₹92B
/
Mar 2028
₹7.8B
=
11.9
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
IN
RHI Magnesita India Ltd
NSE:RHIM
85.5B INR 19.5 49.9
IE
CRH PLC
NYSE:CRH
78.3B USD 12.2 20.9
CH
Holcim AG
SIX:HOLN
39.5B CHF 12.5 3
DE
HeidelbergCement AG
XETRA:HEI
33B EUR 8.3 17
IN
UltraTech Cement Ltd
NSE:ULTRACEMCO
3.6T INR 23.5 49.1
US
Vulcan Materials Co
NYSE:VMC
38.2B USD 18.1 35.5
US
Martin Marietta Materials Inc
NYSE:MLM
37.3B USD 20.2 32.8
US
Amrize AG
SIX:AMRZ
24.5B CHF 12 25.9
DE
Heidelberg Materials AG
XMUN:HEI
21.6B EUR 5.7 11.1
IN
Grasim Industries Ltd
NSE:GRASIM
1.9T INR 8.9 44.4
CN
China Jushi Co Ltd
SSE:600176
128B CNY 31.5 40.5

Market Distribution

In line with most companies in India
Percentile
54th
Based on 2 785 companies
54th percentile
19.5
Low
0.4 — 11.9
Typical Range
11.9 — 27.8
High
27.8 —
Distribution Statistics
India
Min 0.4
30th Percentile 11.9
Median 17.7
70th Percentile 27.8
Max 47 834.4

RHI Magnesita India Ltd
Glance View

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.

RHIM Intrinsic Value
379.26 INR
Overvaluation 8%
Intrinsic Value
Price ₹414.15
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